Israel’s Space Plan Exploded With SpaceX Rocket. Now What?
published Sep 6th 2016, 1:24 am, by Yaacov Benmeleh (Bloomberg) — A large question mark looms over Israel’s space industry after its prized Amos-6 satellite blew up in a failed pre-launch test of a SpaceX rocket. Space Communication Ltd., the Israeli company that was to operate the Amos-6, is still
China, Japan Could be Among Asia’s Biggest Winners from Brexit
published Sep 8th 2016, 5:00 pm, by Bloomberg News (Bloomberg) — The U.K’s vote to leave the European Union could throw up some winners in Asia. That’s because Britain will be forced to deepen links with Asian trading partners and cut new deals allowing access to each others markets. Such
Coal Rises From the Grave to Become One of Hottest Commodities
published Sep 8th 2016, 6:01 pm, by Rachel Morison, Weixin Zha, Ladka Bauerova and Mathew Carr (Bloomberg) — For all the predictions about the death of coal, it’s now one of the hottest commodities in the world. The resurrection may have further to run. A surge in Chinese imports to
Putin Discusses Trump, OPEC, Rosneft, Brexit, Japan (Transcript)
published Sep 5th 2016, 2:00 am Russian President Vladimir Putin talked with Bloomberg News Editor-in-Chief John Micklethwait on Sept. 1 about the U.S. elections, accusations that Russia was involved in the hacking of thousands of Democratic National Committee emails and documents, a possible oil-freeze deal with OPEC, plans to sell
Biggest Oil Traders See Another Year of Pain as Glut Persists
published Sep 7th 2016, 6:01 pm, by Javier Blas (Bloomberg) — The largest oil traders are anticipating little relief to what has become the worst market slump in a generation. All but one of 15 senior oil traders and executives interviewed this week at the annual Asia-Pacific Petroleum Conference in
Apple’s Latest iPhone May Not Turn the Tide in China
published Sep 7th 2016, 6:15 pm, by Bloomberg News (Bloomberg) — Apple Inc. badly needs another smash hit in China. The new iPhone may not be it. The world’s most valuable company is counting on the latest iteration of its flagship product to regain the top spot in the world’s
Devotional 9/7: George Washington’s Rules To Live By (Part2)
I am currently reading a book entitled, George Washington’s Sacred Fire by Jerry Newcombe and Peter Liliback, Ph.D., published in 2006. It is a close examination of the religious comments and actions of George Washington as a child and as an adult. The authors discuss Washington’s education in detail. Schools,
California Court Case Opens Door for Pension Benefit Reductions
published Sep 6th 2016, 4:00 am, by Romy Varghese (Bloomberg) — Along with death and taxes, Californians have counted on another inevitability: once pension promises are made to public employees, they can’t be rolled back. That belief, which has guided officials as they deal with mounting bills to cash-strapped retirement
Emerging-Market Stocks Rally as U.S. Outlook Fuels Risk Demand
published Sep 6th 2016, 12:03 pm, by Anuchit Nguyen and Maria Levitov (Bloomberg) — Emerging-market stocks headed for their highest level since July 2015 and currencies strengthened as data showing slower-than-forecast growth in the U.S. services industry bolstered speculation that the Federal Reserve will move slowly in raising interest rates.
Dollar Drops Most in Five Weeks on ‘Shockingly Weak’ Services
published Sep 6th 2016, 1:03 pm, by Lananh Nguyen (Bloomberg) — A gauge of the dollar dropped by the most in five weeks after a report showed America’s service industries expanded in August at the weakest pace in six years, damping the outlook for higher U.S. interest rates. The U.S.