Euro Climbs Along With Oil as Japan Stocks Decline: Markets Wrap
published Dec 29th 2016, 6:19 pm, by Benjamin Purvis and Daisuke Sakai (Bloomberg) —The euro spiked higher as the dollar weakened for a second day and oil rebounded in thin end-of-year trading. Japanese and Australian stocks fell. European currencies including the Danish krone and Swiss franc also appreciated against the
Trump Said to Discuss Veterans’ Care Overhaul With Hospital CEOs
published Dec 28th 2016, 5:46 pm, by Zachary Tracer, Shannon Pettypiece and Jennifer Epstein (Bloomberg) —President-elect Donald Trump met at his Florida resort on Wednesday with leaders of top U.S. nonprofit hospital systems to discuss overhauling health care for veterans, including by allowing them to more readily visit hospitals outside
Fidel Castro, Antonin Scalia, John Gutfreund: The Year in Deaths
published Dec 28th 2016, 6:06 pm, by Steven Gittelson (Bloomberg) —Former Cuban leader Fidel Castro, U.S. Supreme Court Justice Antonin Scalia and ex-Salomon Brothers executive John Gutfreund were among newsmakers in business, finance and public affairs who died in 2016. The business world lost Andy Grove, a refugee from postwar
Who’s Had the Worst Year? How Asian Leaders Fared in 2016
published Dec 28th 2016, 5:07 pm, by David Tweed (Bloomberg) —In a year dominated by Brexit and Donald Trump’s surprise U.S. election win, Asia felt like a relatively stable part of the world. A closer look shows that the region endured its own seismic events in 2016, from a Philippine
Dollar Rises as U.S. Trading Resumes, Treasury Yields Support
published Dec 27th 2016, 1:07 pm, by Dennis Pettit (Bloomberg) —The dollar built slight gains as foreign exchange trading in Europe and North America resumed after the Christmas break, and as U.S. yields rose before the Treasury sold $26b of two-year notes at 1.280%, the highest yield since 2008. The
Obama Fulfills His Prophecy on Israeli Settlements: Eli Lake
published Dec 27th 2016, 1:03 pm, by Eli Lake (Bloomberg View) —The way the White House tells it, the U.S. had no choice. For eight years, President Barack Obama has been pleading with Israel to stop building settlements. But they didn’t listen. So reluctantly, the president instructed his United Nations
Chinese Hackers Charged With Trading on Stolen Law Firm Data
published Dec 27th 2016, 3:40 pm, by Christian Berthelsen (Bloomberg) —Three Chinese hackers made more than $4 million in illicit profits after breaking into the servers of top corporate law firms in New York, the U.S. said in announcing charges and the arrest of one of the men. The three
Devotional 12/28: Thank You!
We have all had quite a year! This elections, the economy, and the challenges presented by Barack Obama, and all we have been through personally have been really draining. I hope you are all using the holiday to rejuvenate and recharge. WE THANK YOU ALL FOR BEING FAITHFUL READERS AND FOR
Want to Visit Mars? Start With a New Moon Mission: Adam Minter
published Dec 25th 2016, 3:00 pm, by Adam Minter (Bloomberg View) — Fifty years ago, the U.S. had the moon to itself. Starting in 1969, when the first of six Apollo missions touched down, it seemed likely that American astronauts would make a long-term home on the lunar surface. Instead,
Democrats Plotting ‘Collision Course’ With Trump’s Tax Plan
published Dec 26th 2016, 4:00 am, by Sahil Kapur (Bloomberg) —Congressional Democrats say they’ll try to thwart Republican plans to overhaul the U.S. tax code by portraying them as a boon for the rich that betrays President-elect Donald Trump’s campaign promise to fight for working Americans. “There’s going to be