U.S. Equities Dip as Consumer Stocks Slip and Dollar Strengthens
published Dec 22nd 2016, 3:21 pm, by Oliver Renick (Bloomberg) — U.S. stocks slid as the dollar pushed higher and Treasuries extended declines following the release of economic data that met or exceeded expectations. The S&P 500 Index slipped 0.2 percent to 2,261 at 4 p.m. in New York as
Europe’s Flat-Tax Pioneer Pulls Plug as Trickle Down Dries Up
published Dec 2nd 2016, 2:40 am, by Ott Ummelas (Bloomberg) —More than two decades after unleashing Europe’s first flat tax, Estonia is calling it a day. Part of market reforms to aid transition from 50 years of communism, the Baltic nation adopted universal levies for business and personal income in
Google Searches Offer Insights Into Asia’s Tumultuous Year
published Dec 21st 2016, 4:00 pm, by Narae Kim (Bloomberg) — Seek, and ye shall find your queries on a year-end list. Such is the case for Asia’s Googlers, whose most popular financial searches of 2016 have been compiled and released by the company. The data is evidence of the
How China Beats the U.S. at Clean-Air Progress: Tyler Cowen
published Dec 20th 2016, 10:57 am, by Tyler Cowen (Bloomberg View) —As Beijing and more than 20 other cities in northern China have been plunged into another winter air-pollution crisis, with choking, toxic air and many people afraid to wander outside, observers wonder when China will start making significant progress
Oil Trades Near $52 as Libya Fields Start, U.S. Supply Seen Down
published Dec 20th 2016, 11:45 am, by Mark Shenk (Bloomberg) —Oil traded near $52 a barrel in New York as Libya said it reopened two oil fields while analysts project government data to show U.S. crude supplies fell for a fifth week. Futures fluctuated after rising as much as 1.1 percent
In Potentially Risky Strategy, U.S. Startups Pile on Debt
published Dec 20th 2016, 5:12 pm, by Lizette Chapman (Bloomberg) —Persado Chief Executive Officer Alex Vratskides could raise venture funding. He’s just not sure he wants to. His New York-based startup doubled annual revenue this year and is on track to break even in 2017. Valued at about $200 million
Devotional 12/21: George Washington’s Christmas Poem
On Christmas Day Assist me, Muse Divine! To sing the Morn On which the Saviour of Mankind was born But oh! What Numbers to the Theme can rise? Unless kind Angels aid me from the skies? Methinks I see the tuneful Host descend And with officious Joy the Scene attend.
A Trump Border Adjustment Tax Is a Wild Card for Oil: Gadfly
published Dec 19th 2016, 12:20 pm, by Liam Denning (Bloomberg Gadfly) —It’s only fair to warn you that this column concerns tax policy, so maybe grab a coffee first. It’s also about oil (if that helps.) One of the incoming Trump administration’s priorities is tax reform. And one proposal outlined
If the U.S. Won’t Pay Its Teachers, China’s Tiger Moms Will
published Dec 19th 2016, 3:00 pm, by Bloomberg News (Bloomberg) —Cindy Mi leans forward on a couch in her sun-filled Beijing office to explain how she first got interested in education. She loved English so much as a child that she spent her lunch money on books and magazines to
Love or Hate It, Uphill Skiing Will Be Big This Winter
published Oct 11th 2016, 5:00 am, by Nikki Ekstein (Bloomberg) — If you’re not familiar with the concept of uphill skiing, it probably sounds at the very least like an oxymoron, or at most, pure torture—the kind of thing you do to haphazardly recover from a sloppy tumble down the