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Starbucks Food Woes Look Worse With JAB’s Panera Acquisition
published Apr 5th 2017, 4:35 pm, by Leslie Patton (Bloomberg) — Starbucks Corp. has been struggling for years to pull off its ambitious plan of selling more food. That task just got tougher. JAB Holding Co.’s $7.2 billion acquisition of bakery-cafe chain Panera Bread Co. on Wednesday vaults the investment
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Young Women Aren’t Closing the Great American Gender-Pay Gap
published Apr 5th 2017, 3:03 pm, by Rebecca Greenfield (Bloomberg) — It looked pretty good for young women’s earnings in 2011. The pay gap separating women and men aged 25 to 34 was the smallest ever recorded by the Pew Research Center, with young women earning 97 cents for every
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U.S. Expels Russian Spy Who Tried to Recruit Ex-Trump Aide
published Apr 5th 2017, 4:41 pm, by Chris Strohm (Bloomberg) — The U.S. deported a former New York banker to Russia who allegedly tried to recruit an ex-adviser to President Donald Trump and was convicted and imprisoned in 2016 for being a spy for Moscow. Evgeny Buryakov, 42, worked as
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Britain Offers to Help to Wean Saudi Economy Off Oil Dependency
published Apr 4th 2017, 4:30 pm, by Alex Morales (Bloomberg) — U.K. Prime Minister Theresa May plans to help Saudi Arabia lower its dependency on oil exports and increase the participation of women in the workforce as the Gulf kingdom seeks to modernize its economy. Britain will help reform the
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Modi Is Different Nationalist Than Putin or Trump: Mihir Sharma
published Apr 4th 2017, 7:00 pm, by Mihir Sharma (Bloomberg View) — Over the past year, Russia’s Vladimir Putin has emerged as the ideological patron of a certain brand of conservatism worldwide. Politicians from France’s Marine Le Pen, to Recep Tayyip Erdogan of Turkey, to Donald Trump appear drawn to
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North Korea Fires Ballistic Missile Before Xi-Trump Meeting
published Apr 4th 2017, 7:18 pm, by Kanga Kong (Bloomberg) — North Korea conducted another ballistic missile test, shortly before the first meeting between Chinese President Xi Jinping and U.S. President Donald Trump. The projectile was fired into the East Sea early Wednesday and flew about 60 kilometers (37 miles),
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Devotional April 7: Opposite George Day
I was looking the other day at my childhood friend Mick’s mother, Sherry, on Facebook. She was giving a hug to my other friend Bob. Bob and Mick and I and others used to hang out. It was funny because Bob now has a white beard and a potbelly. He
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Privacy Is Price We Pay for Always-On Internet: Stephen Carter
published Mar 31st 2017, 12:30 pm, by Stephen L. Carter (Bloomberg View) — President Donald Trump is poised to sign legislation to overturn Federal Communications Commission rules forbidding internet service providers from selling data they have vacuumed up about the online habits of their customers. Privacy groups are understandably perturbed.
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De Blasio Re-Election Bid Stresses Affordability, Not Inequality
published Mar 31st 2017, 4:00 am, by Henry Goldman (Bloomberg) — Mayor Bill de Blasio is scaling back his economy-remaking ambitions merely to the size of New York. In 2013, he captured City Hall vowing to reverse a decades-long national trend of increasing income inequality. For this year’s re-election bid,
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Renting Your Home Is American, If Not the Dream: Stephen Mihm
published Apr 1st 2017, 9:00 am, by Stephen Mihm (Bloomberg View) — Last week brought the news that home ownership rates continue to slide, with over half the nation’s largest cities now dominated by renters. The decline is particularly pronounced among millennials: Only 31 percent of adults under the age