*North Korea Successfully Launches Ballistic Missile From Sub
published Aug 23rd 2016, 6:46 pm, by Jiyeun Lee (Bloomberg) — North Korea launched a ballistic missile from a submarine off its east coast early Wednesday, in a move that comes as South Korea conducts military drills with the U.S. The missile flew about 500 kilometers, suggesting the nation’s missile
Oil Search Profit Plunges 89% After Slump in Energy Prices
published Aug 22nd 2016, 7:29 pm, by Perry Williams (Bloomberg) — Oil Search Ltd. posted a 89 percent fall in first-half profit as a drop in energy prices offset increased output at the Papua New Guinea-focused company. Net income was $25.6 million, compared with $227.5 million last year, the Sydney-based
*Swedes With Big Pay Dreams Are Snubbing Aging Labor Market Model
published Aug 22nd 2016, 5:01 pm, by Amanda Billner (Bloomberg) — The lid that has kept Swedish wages in check for decades is starting to crack. Many fast-growing technology companies are refusing to play by the rules, eschewing the traditional collective bargaining agreements that have helped deliver moderate pay increases
Trump Calls for Special Prosecutor to Investigate Clinton
published Aug 22nd 2016, 6:10 pm, by Kevin Cirilli, Jennifer Jacobs and Ben Brody (Bloomberg) — Donald Trump called Monday for the appointment of a special prosecutor to investigate Democratic presidential rival Hillary Clinton’s “e-mail crimes” stemming from her tenure as secretary of state. “After the FBI and Department of
U.S. Vision for Mideast Stability Runs Through Gas Pipelines
published Aug 21st 2016, 2:37 am, by David Wainer (Bloomberg) — The potential to benefit from new gas discoveries has created a rare opportunity for eastern Mediterranean countries including Israel and Turkey to forge closer ties, according to U.S. Secretary of State John Kerry’s envoy on energy affairs. Countries in
The Rio de Janeiro Olympics Were Not a Disaster. Now What?
published Aug 21st 2016, 8:37 pm, by Jonathan Levin (Bloomberg) —It wasn’t perfect, but Rio de Janeiro pulled off the Olympics. For all the hand-wringing, the problems that affected Olympians and tourists were relatively benign. Olympic pool water turned green. Some stadiums were largely empty. A few visitors were mugged,
Sports (Extra Olympics Special) by Brad Weisman: Olympic Focus Is Key
Since I was a little kid I was fascinated how someone could do one thing…one time…..perfect control and not fold under all of that pressure. Not all, but many Olympic athletes spend a career learning to be “great” at one thing. Now, we all know being perfect is not possible,
Saudi Crude and Refined-Product Exports Hit Seasonal Record
published Aug 18th 2016, 6:01 pm, by Wael Mahdi and Javier Blas (Bloomberg) — Saudi Arabia raised its combined crude oil and refined-product exports to 8.83 million barrels a day in June, the highest on record for that month and the latest sign of the expansion of the kingdom’s share
It’s Revenge of Weak Balance Sheets in S&P 500 as Stocks Hover
published Aug 18th 2016, 3:30 pm, by Joseph Ciolli (Bloomberg) — Add companies with shoddier finances to the list of U.S. stocks that have led the advance since February — a potentially bullish sign for investors waiting for the S&P 500 Index to snap out of its paralysis. Shares of
*What Exactly Is It That We’re All So Polarized Over?: Justin Fox
published Aug 17th 2016, 2:45 pm, by Justin Fox (Bloomberg View) — The political history of the U.S. from the late 1830s through the 1850s is one long tragedy. President after president struggled to hold together an increasingly polarized nation. None served more than one term, two died in office