The Next 10 Years Will Be Ugly for Your 401(k)
published Oct 26th 2016, 5:00 am, by Suzanne Woolley (Bloomberg) — It doesn’t seem like much to ask for—a 5 percent return. But the odds of making even that on traditional investments in the next 10 years are slim, according to a new report from investment advisory firm Research Affiliates.
Christie Aide Says 7 Witnesses Lied, Mistaken at Trial’s End
published Oct 26th 2016, 2:11 pm, by David Voreacos (Bloomberg) — The George Washington Bridge traffic jams trial is wrapping up after a former top aide to New Jersey Governor Chris Christie said seven prosecution witnesses lied or had faulty memories in testifying against her. Bridget Anne Kelly, Christie’s former
Europe Wants to Strengthen Position in Space Under New Strategy
published Oct 26th 2016, 5:11 am, by Ewa Krukowska (Bloomberg) — The European Union adopted a plan to keep a leading place in the increasingly competitive global space industry by encouraging companies to make use of its cutting-edge satellite data set to become indispensable in areas from producing driverless cars
Five Things You Need to Know to Start Your Day
published Oct 26th 2016, 5:56 am, by Lorcan Roche Kelly (Bloomberg) — Deutsche Bank reimagines bonuses, Trump leads in Florida poll, and Brexit is still bad news. Here are some of the things people in markets are talking about today. Bonuses Deutsche Bank AG, Europe’s biggest investment bank, is exploring
Stocks Fall as Apple Adds to Earnings Queasiness; Oil Retreats
published Oct 26th 2016, 6:14 am, by James Regan and Alan Soughley (Bloomberg) —A barrage of earnings from bellwethers including Lloyds Banking Group Plc and Apple Inc. left stocks lower around the world, with weaker crude prices doing little to help equities’ cause. The Stoxx Europe 600 Index headed for
Arkansas Is Pleased to Forget Hillary Clinton: Leonid Bershidsky
published Oct 17th 2016, 8:30 am, by Leonid Bershidsky (Bloomberg View) — Forty-one years ago, 14 people gathered in a small room on California Boulevard in Fayetteville, Arkansas, for the wedding of an aspiring local politician and his law school sweetheart from up north. The bride was wearing a $53
Secrets to Spill From the 2016 Campaign: Jonathan Bernstein
published Oct 24th 2016, 8:25 am, by Jonathan Bernstein (Bloomberg View) — As Election Day approaches, we’re getting closer to when campaign operatives will begin sharing their secrets. Here are some things I’m interested in learning. Why did Christian conservatives and their allies, especially in Iowa, make the shortsighted decision
Eric Trump Says His Father Will Accept Election Results “If It’s a Fair Outcome”
published Oct 23rd 2016, 4:30 pm, by Arlene Washington Eric Trump appeared on ABC’s This Week on Sunday where he reacted to his father, Donald Trump’s recent comments about a “rigged election” and his plan to pursue legal action against the women who have accused him of sexual misconduct. “If
The U.S. Can Still Be Friends With the Philippines: Editorial
published Oct 23rd 2016, 5:00 pm, by The Editors (Bloomberg View) — For a moment last week, Philippine President Rodrigo Duterte seemed to have orchestrated one of the most dramatic geopolitical shifts in Asia since the end of the Cold War — abandoning the U.S., his country’s longtime ally, for
How the Right Changed Its Mind on Imprisonment: Megan McArdle
published Oct 20th 2016, 2:12 pm, by Megan McArdle (Bloomberg View) — One of the heartening developments of the last few years has been the emergence of a serious movement for prison reform on the right. These people are not simply coming over to the left-wing side; they have their