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To See Where World’s Easy Money Is Going, Look at Russia’s Ruble
published Aug 11th 2016, 6:00 pm, by Andrey Biryukov and Maria Kolesnikova (Bloomberg) — For an example of how the global clamor for yield is drowning out the risks in the world economy, look no further than Russia’s ruble. Investor demand for higher returns has eclipsed a drop in oil
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Immigration Sparks Negative Views From U.S. to Russia in Study
published Aug 10th 2016, 6:01 pm, by Alex Morales (Bloomberg) — Immigration is spurring negative attitudes from the U.S. to Russia, according to an Ipsos Mori study that lays bare the attitude to migrants around the world. About 45 percent of more than 16,000 people surveyed in 22 nations said
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Wal-Mart Sells Mexico Clothing Chain to Liverpool for $1 Billion
published Aug 10th 2016, 5:54 pm, by Isabella Cota (Bloomberg) — Wal-Mart Stores Inc.’s Mexican unit agreed to sell its Suburbia clothing chain to El Puerto de Liverpool SAB, Mexico’s biggest department store chain operator, in a deal valued at 19 billion pesos ($1.03 billion). The transaction, which involved 119
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What’s Really Wrong With the Unemployment Rate: Justin Fox
published Aug 10th 2016, 2:29 pm, by Justin Fox (Bloomberg View) — The U.S. unemployment rate was 4.9 percent in July, according to the Bureau of Labor Statistics. That’s the same as in July 1997. Does this mean the labor market is as healthy now as it was then, in
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Vladimir Putin Is the Russian Economy’s Worst Enemy: Editorial
published Jul 27th 2016, 1:00 am, by The Editors (Bloomberg View) — Russian President Vladimir Putin urgently needs to revive his country’s economy. His greatest obstacle will be himself. While Americans argue about the extent of Russia’s intervention in the U.S. presidential election, Putin is battling a recession at home.
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Trump Suggests ‘Second Amendment People’ Could Stop Clinton
published Aug 9th 2016, 6:49 pm, by David Knowles and Jennifer Epstein (Bloomberg) — Donald Trump’s choice of words as he rallied Second Amendment advocates has roiled the presidential race at a time when the Republican has sought to reassure voters skeptical of his temperament. Trump suggested Tuesday that “the
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*Virtual Reality Classrooms Another Way Chinese Kids Gain an Edge
published Aug 9th 2016, 4:00 pm, by David Ramli (Bloomberg) — Deep within a building shaped like the Starship Enterprise, a little-known Chinese company is working on the future of education. Vast banks of servers record children at work and play, tracking touchscreen swipes, shrugs and head swivels – amassing
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Sure, Invest Like a Billionaire, If You Are One: Barry Ritholtz
published Aug 8th 2016, 1:09 pm, by Barry Ritholtz (Bloomberg View) — Sell everything! That seems to be the advice coming from the moneyed set these days. Not just one or two cranky billionaires, but many of them; Warren Buffett seems to be a notable exception. In a commentary sent
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China Isn’t Threatening to Overturn the World Order: Zhu Feng
published Aug 8th 2016, 4:00 pm, by Zhu Feng (Bloomberg View) — A bit of China-bashing is inevitable in any U.S. election year. Over the past month, though, after China roundly dismissed an arbitration ruling that rejected its claims in the South China Sea, a chorus of voices has angrily
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Chicago Schools Budget Uses Pension Overhaul to Close Gap
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