One Chart Shows What Investors Are Dreaming About: Mark Gilbert
published Aug 29th 2016, 1:00 am, by Mark Gilbert (Bloomberg View) — You’ve probably heard the old saw about equity markets “climbing a wall of worry.” Stock market prices can rise even when the economic backdrop is gloomy as investors look ahead and anticipate better times. But what if the
The Anguish of Obamacare Didn’t Have to Happen: Megan McArdle
published Aug 29th 2016, 12:16 pm, by Megan McArdle (Bloomberg View) — The last few weeks have featured a great deal of news for Obamacare, most of it bad. Insurers are pulling out of the exchanges and premiums are rising. Coverage has been expanded, but it increasingly looks as if
Retirement Plans Still Remain Among the Fee-Stricken: Gadfly
published Aug 26th 2016, 10:06 am, by Nir Kaissar (Bloomberg Gadfly) — Defined contribution plans — American workers’ golden road to retirement — are on the defensive. A mountain of class-action lawsuits is piling up against a who’s who of blue-chip companies and prestigious universities, accusing them of failing to
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