published Aug 8th 2016, 6:23 pm, by Elizabeth Campbell (Bloomberg) — Chicago school officials presented a budget that relies on the state of Illinois passing an overhaul of its underfunded pension system and assumes that the teachers’ union will agree to pay more into their retirement funds. The $5.4 billion

published Aug 7th 2016, 4:00 pm, by Masaki Kondo and Will Davies (Bloomberg) —The Land of Smiles really is the happiest place in the world, at least in terms of holding a job and keeping the rising cost of goods in check. The Misery Index, computed by adding inflation to

published Aug 5th 2016, 11:05 am, by Justin Fox (Bloomberg View) —Among the many contributors to what was generally a gangbusters employment report Friday was the government sector, which added 38,000 jobs in July (30,000 of them in local government). That hasn’t been the case very often during this recovery. There are almost 15

published Aug 7th 2016, 3:45 pm, by Mihir Sharma (Bloomberg View) — Once again, India is in danger of sabotaging its own efforts to raise foreign investment to China-like levels. The latest salvo in this undeclared, self-defeating war is the government’s reported decision to block Tata Sons from paying what

published Jun 19th 2016, 10:38 am, by Albert R. Hunt (Bloomberg View) — There have not been two more prominent conservative activists over the past quarter century than Grover Norquist, the anti-tax and anti-government advocate, and Ralph Reed, a leading strategist for the religious right. Both profess to put principles

published Jul 18th 2016, 2:46 pm, by Margaret Carlson (Bloomberg View) — Finally, the Donald Trump campaign has something that resembles a headquarters: a pop-up office at the Westin Hotel in Cleveland. Walk through the lobby and they are all there, the people you were told existed — or would

published Aug 4th 2016, 4:30 pm, by Justin Sink (Bloomberg) — President Barack Obama said Thursday that $400 million in cash airlifted to Iran in January didn’t represent a ransom payment to secure the freedom of four detained Americans released the same day, and wasn’t a secret. “We were completely

published Jul 19th 2016, 2:00 am, by Clive Crook (Bloomberg View) — The latest terrorist atrocity in France — the country’s third mass-casualty attack in 18 months — demands more than sympathy and solidarity. It calls for a clearer understanding of the threat facing much of the West for the

published Aug 3rd 2016, 4:06 pm, by Sunny Oh and Maria Levitov (Bloomberg) — Emerging-market stocks fell the most in four weeks and currencies weakened amid deepening concern that central bank stimulus from Japan to Europe and the U.S. won’t be enough to support global growth. The Borsa Istanbul 100

published Aug 3rd 2016, 9:02 pm, by The Editors (Bloomberg View) — The tax reform just approved by India’s parliament could transform the country’s economy. Talked about for years, the plan would replace a crazy jumble of national, state and local taxes with an integrated value-added tax. If well-executed, the