Supreme Court Rebuffs Obama, Won’t Revisit Immigration Plan
published Oct 3rd 2016, 1:33 pm, by Greg Stohr (Bloomberg) — The U.S. Supreme Court rejected a last-ditch bid by President Barack Obama’s administration to revive his plan to shield millions of unauthorized immigrants from deportation. The justices Monday said they won’t reopen a case that left the court deadlocked and
Amazon Cracks Down on ‘Incentivized Reviews’ on Marketplace
published Oct 3rd 2016, 6:43 pm, by Spencer Soper (Bloomberg) — Amazon.com Inc. is tightening controls on “incentivized reviews,” in which customers receive free or discounted goods in exchange for writing product critiques that many shoppers use when making online purchases. Amazon previously allowed such reviews to help new products
Trump Had $916 Million Loss in ’95, Cutting Taxes, NYT Says
published Oct 2nd 2016, 6:43 am, by Kevin Cirilli (Bloomberg) — Donald Trump was facing renewed pressure to release his personal tax information after a New York Times report that he recorded a $916 million loss on his 1995 income tax return, a deduction that might have allowed him to
Supreme Court Sets Itself Up for a Boring Term: Noah Feldman
published Oct 2nd 2016, 5:00 pm, by Noah Feldman (Bloomberg View) — The last Supreme Court term was strange by accident. Justice Antonin Scalia’s death in February left the court with only eight members, and several 4-4 decisions left major issues unresolved. Anticipated decisions on religious liberty, union dues and
Private Bankers, You Have Worse Coming. Don’t Fight It: Gadfly
published Oct 2nd 2016, 4:00 pm, by Andy Mukherjee (Bloomberg Gadfly) — The profession of providing tender loving care to the wealth of the world’s rich people is heading for its annus horribilis. Private bankers in Asia could deal with 2017 — and the headaches the year will bring —
Wheat at Lowest in a Decade Can’t Find Room in Feed Bunkers
published Sep 29th 2016, 3:09 pm, by Jeff Wilson (Bloomberg) — To understand one of the main reasons why wheat producers are having such a tough time, talk to Oklahoma cattle feeder Hitch Enterprises Inc. The closely held company has the capacity to feed 90,000 cattle and raise 300,000 hogs
Google Must Prove It’s Making Headway in the Cloud: Gadfly
published Sep 29th 2016, 1:21 pm, by Shira Ovide (Bloomberg Gadfly) — If horror-film villain Freddy Krueger had threatened terror for nine movies but never followed through with evil acts, eventually movie-goers would have stopped being scared of him. Google is at risk of becoming that neutered Freddy Krueger. For
How the Next President Will Manage Your Money—And What to Do About It Now
published Sep 26th 2016, 6:17 am, by Suzanne Woolley (Bloomberg) — Jobs and wages. Taxes and Social Security. Student debt and retirement. Child care. These are just a few of the crucial areas in which the policies of the next president will affect the financial security of all Americans, and
Senate Votes to Override Obama Veto of Saudi 9/11 Lawsuit Bill
published Sep 28th 2016, 11:30 am, by Steven T. Dennis and James Rowley (Bloomberg) — The Senate defied a last-ditch lobbying effort by the White House and Saudi Arabia by voting Wednesday to override President Barack Obama’s veto of a bill that would allow the kingdom to be sued for
Cisco to Create Jobs in Mexico With $4 Billion Spending Plan
published Sep 28th 2016, 11:50 am, by Nacha Cattan and Andrea Navarro (Bloomberg) — Cisco Systems Inc. plans to spend as much as $4 billion in Mexico through 2018 to expand production, creating jobs in the country even as the American company cuts its global workforce by 7 percent. The