What UN Vote on Israeli Settlements Means — and What’s Next
published Dec 26th 2016, 10:17 am, by Jonathan Ferziger and Michael S. Arnold (Bloomberg) —United Nations Security Council 2334, which passed Dec. 23 by a vote of 14-0 with the U.S. abstaining, describes Israel’s settlements in the West Bank and East Jerusalem as illegal and an obstacle to peace with
Putin Sees Hope for Economy in Wage Growth, Easing Recession
published Dec 23rd 2016, 5:37 am, by Ilya Arkhipov and Stepan Kravchenko (Bloomberg) —President Vladimir Putin said Russia’s economy is returning to growth and there are signs that real wages are improving as the country emerges from its longest recession this century. While “of course” economic difficulties remain, a “positive
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, the
For Japan’s Abe, Diplomacy Is Set to Trump Economics in 2017
published Dec 25th 2016, 3:00 pm, by Connor Cislo and Andy Sharp (Bloomberg) —Shinzo Abe’s trip to Pearl Harbor later Monday, the first by a sitting Japanese prime minister in decades, presages a year filled with diplomatic and security challenges that are likely to keep economic reforms well down his
Google Lowered 2015 Taxes by $3.6 Billion Using ‘Dutch Sandwich’
published Dec 21st 2016, 9:25 am, by Jeremy Kahn and Martijn van der Starre (Bloomberg) — Alphabet Inc.’s Google saved $3.6 billion in worldwide taxes in 2015 by moving 14.9 billion euros ($15.5 billion) to a Bermuda shell company, new regulatory filings in the Netherlands reveal. The amount the company
Who’s Wasting the Most Vacation Days?
published Dec 22nd 2016, 4:04 am, by Polly Mosendz (Bloomberg) — ’Tis the season to be jolly, bright, and chained to your cubicle. A quarter of full-time workers ages 18 to 25 who get paid time off say that by year’s end they won’t have taken any of their paid
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