Do You Have More Debt Than the Average American?
published Dec 15th 2016, 4:00 am, by Suzanne Woolley (Bloomberg) —When it comes to debt, it’s nice to be below average. Do your credit card balances fall below the national mean of $16,000 for households with debt? Is your total household debt, including mortgages, shy of the $132,500 mark? If so,
Oil Closes Near $51 as Kuwait Said to Cut Sales to U.S., Europe
published Dec 15th 2016, 3:51 pm, by Mark Shenk (Bloomberg) —Oil settled near $51 a barrel in New York as Kuwait was said to make bigger supply cuts to U.S. and European customers. Crude pared losses after earlier falling 2.1 percent as the dollar advanced after the Federal Reserve raised
Japan Overtakes China as Largest Holder of U.S. Treasuries
published Dec 15th 2016, 4:23 pm, by Sarah McGregor (Bloomberg) — China’s holdings of U.S. Treasuries declined to the lowest in more than six years as the world’s second-largest economy uses its currency reserves to support the yuan. Japan overtook China as America’s top foreign creditor, as its holdings edged
Women and Family: How Couples Do Money
published Dec 1st 2016, 4:00 am, by Josh Eidelson, Eva Holland and David Gauvey Herbert (Bloomberg) — The Couple Whose Band Might Blow Up Samantha Lepre and Branden Wilbarger Ages: 25, 28 Jobs: Waitress and Waiter/musician. Incomes*: $26,000 and $55,000 Home: Los Angeles Together: 4 years Samantha: When we first
Here’s One Sign That the World Cares A Lot Less About Monetary Policy
published Dec 15th 2016, 2:29 am, by Jake Ulick (Bloomberg) — Step aside, central bankers. The prospect of more government spending has helped make the term “fiscal stimulus” more common in a Bloomberg count of news stories, helping it to overtake “monetary policy” by the biggest margin since 2008. It’s
Amazon Moves Further Into Netflix’s Turf With Low-Priced TV
published Dec 14th 2016, 4:26 pm, by Olga Kharif and Lucas Shaw (Bloomberg) —Amazon.com Inc.’s new push to expand Prime Video into more than 200 countries and territories includes a bonus feature: a price that undercuts Netflix Inc.’s in many markets. By going global, Amazon is following Netflix’s lead. The
Here’s the New High-Tech Way to Catch a Burglar
published Dec 12th 2016, 11:47 am, by Mark Ellwood (Bloomberg) —It’s burglar catnip: a large, unoccupied home late at night, with iPads and laptops strewn temptingly around. Sure enough, one man did break in—exactly as the police had planned. Arrested, he protested his innocence, at least until law enforcement shined
Trump Isn’t Alone Planning Billions More on Military Spending
published Dec 13th 2016, 12:19 pm, by Sangwon Yoon (Bloomberg) —It’s not just President-elect Donald Trump who’s bent on military build-up. From Europe all the way to China, the next decade will be marked by an increase in global defense spending amid rising feuds and pockets of instability, according to IHS
Devotional 12/14: This is Going to Hurt Me More Than You!!
I had something happen to my 6 year-old son last week that just killed me. I think it taught me a lot about how the Lord sees us. My wife and son were at Target (Some of you out there may think that that was their first mistake) and were looking around. They were in the
Scientists Want to Give the Atmosphere an Antacid to Relieve Climate Change
published Dec 12th 2016, 2:27 pm, by Eric Roston (Bloomberg) —As long-term global average temperatures steadily rise, and international efforts to address them steadily fall short, some scientists and engineers are working on increasingly desperate solutions to the symptoms of global climate change. One approach to “geoengineering” the earth is to mimic