Conditions Are Ripe for an Exodus From Big Cities: Conor Sen
published Sep 2nd 2016, 12:46 pm, by Conor Sen (Bloomberg View) — The stock market of the late 1990s is remembered mostly for high-flying dotcom equities that eventually crashed back to earth. Yet from a money flows standpoint, the bigger imbalance of that era was that large-cap stocks fetched very
Is the Age of Asian Sweatshops Coming to an End?: Adam Minter
published Sep 4th 2016, 4:00 pm, by Adam Minter (Bloomberg View) — For 30 years, the word “sweatshop” has conjured up a very specific image: low-wage Asian workers making branded clothes in crowded, unsafe factories for consumers overseas. The power of that image has launched human rights campaigns, altered how
Banks’ Commodity Woes Deepen as Energy and Metals Earnings Hit
published Sep 5th 2016, 6:01 pm, by Agnieszka de Sousa (Bloomberg) — It’s looking like another bad year for the biggest banks when it comes to commodities. Revenue from raw materials at Goldman Sachs Group Inc., JPMorgan Chase & Co. and 10 other top banks slid 25 percent in the
May Sees Difficult Times Ahead for U.K. Economy Post-Brexit
published Sep 4th 2016, 10:02 am, by Robert Hutton (Bloomberg) — Prime Minister Theresa May warned there were “difficult times ahead” for the U.K. economy in the wake of the country’s vote to leave the European Union. May was speaking as she traveled to the Group of 20 summit in
Share the View: Is Putin Playing Dumb About the U.S. Election?
published Sep 3rd 2016, 4:00 am, by Share the View (Bloomberg View) — Vladimir Putin Doesn’t Get U.S. Politics Russia’s president professes ignorance about the 2016 race. Is he bluffing? Leonid Berdshidsky says his claim could be an old intelligence officer’s trick designed to distance himself from the DNC leaks
Pence Says Clinton Is ‘Most Dishonest’ Candidate Since Nixon
published Sep 4th 2016, 9:48 am, by Michelle Jamrisko and Patricia Laya (Bloomberg) — Hillary Clinton is the most dishonest presidential candidate since Richard Nixon, Indiana Governor Mike Pence said a day after the FBI released a report on its investigation into the Democrat’s e-mail usage as secretary of state.
Trump Floats Obama-Like Deportation Plan, and Fans Don’t Mind
published Aug 24th 2016, 8:12 am, by Sahil Kapur and Jennifer Jacobs (Bloomberg) — Donald Trump is backing away from his call for mass deportations of undocumented immigrants, and even some of his rally-going supporters say they’re fine with it. If he wins the November election, the Republican presidential nominee
Escaping the Dreaded National Middle-Income Trap: Noah Smith
published Sep 1st 2016, 1:37 pm, by Noah Smith (Bloomberg View) — In the age of colonialism, there were mainly two kinds of countries: empires that controlled their economic destinies, and colonies, which were denied the chance to industrialize. After World War II and the end of colonialism, a different
The U.S. Should Help China Help Out on North Korea: Editorial
published Sep 1st 2016, 5:00 pm, by The Editors (Bloomberg View) — Barack Obama and Xi Jinping have obvious disagreements over how to handle North Korea’s illicit weapons program. China is angry about U.S. plans to deploy advanced missile defenses in South Korea to counter the threat, while Obama faces
The Labor Day Guide to Putting Your Money to Work
published Aug 31st 2016, 1:30 pm, by Suzanne Woolley (Bloomberg) — Retailers use Labor Day to sell us “elegant” fire pits and pom-poms for handbags (yes, an accessory for an accessory). That isn’t quite what the holiday is about. It’s about work. So instead of adding to debt or dipping