Saudi Arabian Stocks Lead Gulf Gains as Oil Offsets Fed Concern
published Aug 28th 2016, 5:29 am, by Filipe Pacheco (Bloomberg) — Saudi Arabian stocks led gains across most Gulf equities as an advance in the price of oil helped offset investor caution over the timing of U.S. interest-rate increases. Saudi Arabia’s Tadawul All Share Index rose 1.2 percent at 1:07
Will 2016 Election Come Down to Electoral Map?: Albert R. Hunt
published Aug 28th 2016, 10:45 am, by Albert R. Hunt (Bloomberg View) —Any American political strategist or reporter — I’ve been one for more than four decades — loves the map: That’s the electoral map that decides the presidential election every four years. Each of the 50 states is awarded
Sometimes a Cross Is Just a Cross (or Is It?): Noah Feldman
published Apr 8th 2016, 10:58 am, by Noah Feldman (Bloomberg View) —If I tell you a California judge struck down the addition of a Christian cross to the Los Angeles County seal, that probably sounds like a good example of the separation of church and state. If I tell you
Russia More Prey Than Predator to Cyber Firm Wary of China
published Aug 25th 2016, 4:01 pm, by Stepan Kravchenko (Bloomberg) — While the West sees Russia as a cyber predator, hackers in the East increasingly view it as prey, according to online security company Kaspersky Lab, which says there’s been a sharp spike in attacks from China. Cases of Chinese
Did Welfare Reform Curb Poverty? Define ‘Poverty’: Megan McArdle
published Aug 25th 2016, 1:54 pm, by Megan McArdle (Bloomberg View) —When Bill Clinton signed welfare reform into law, the outrage from the left was incandescent. Peter Edelman, a prominent official in Health and Human Services, resigned in protest and wrote an article for the Atlantic calling it “The Worst
Still a Lot of Negativity on the Housing Market: Barry Ritholtz
published Aug 24th 2016, 2:33 pm, by Barry Ritholtz (Bloomberg View) —There has been a steady drumbeat of negativity about housing ever since the residential real-estate market crashed. While there are some signs of recovery, psychological damage persists. It has been a few years since we last looked at this
Ex-CEO Admits to Fraud After Decade on Lam in Africa
published Aug 24th 2016, 5:25 pm, by Patricia Hurtado (Bloomberg) —The former chief executive of Comverse Technology Inc. who hid in Africa for a decade pleaded guilty to backdating stock options and was jailed immediately by a U.S. judge who said the defendant’s intelligence and guile meant he couldn’t be
China’s Power Play in Asia May Be Emboldened by U.S. Politics
published Aug 24th 2016, 5:00 pm, by David Tweed and Nick Wadhams (Bloomberg) —U.S. Defense Secretary Ash Carter warned a few months back that China risked a “great wall of self-isolation” for its actions in the disputed South China Sea. That hasn’t deterred Xi Jinping. Beijing is boosting its military
Health Care Will Always Be a Business Not a Right: Megan McArdle
published Aug 23rd 2016, 7:00 am, by Megan McArdle (Bloomberg View) — “The health of Americans should not be a profit center. Health care is a right. Full stop.” That comes from the Twitter feed of personal finance writer Helaine Olen. But it could have issued straight from the heart
The Illusion of Lagging Economic Productivity: Noah Smith
published Aug 23rd 2016, 4:17 pm, by Noah Smith (Bloomberg View) — I miss 2011. Looking back, that was the heyday of economic blogging. The financial crisis had abated, but the recovery from the recession was disappointing, and everyone was talking about how to jump-start growth. Macroeconomics was important again.