Skip Marriage and Just Have the Kids—to Save Money?
published Jul 13th 2016, 11:15 pm, by Amrith Ramkumar (Bloomberg) —Young Americans are likelier to have children without marrying than older Americans. Not so surprising. But they are even more likely to do so amid high income inequality, a study released today in American Sociological Review finds. Lead author Andrew
A Post-Brexit Opportunity Europe Shouldn’t Miss: Nicolas Veron
published Jul 14th 2016, 1:22 am, by Nicolas Veron (Bloomberg View) —If there is a silver lining for the world of finance from the Brexit vote it is this: that the departure of Britain offers the European Union a chance to complete much-needed reforms to the Continent’s lagging capital markets.
Further Violence May Threaten South Sudan’s Capital, UN Says
published Jul 14th 2016, 2:42 am, by Okech Francis (Bloomberg) —The United Nations peacekeeping chief said the situation in South Sudan remains “fluid and uncertain” following days of fighting in the capital between forces loyal to the country’s leader and his deputy that claimed more than 270 lives. Clashes erupted
Trump Tries to Master Tightrope Walk With Evangelicals
published Jul 1st 2016, 8:19 am, by Jennifer Jacobs and Kevin Cirilli (Bloomberg) —As Donald Trump tries to build the kind of coalition that could win him the White House, he’s trying to master a tightrope walk with evangelical Christians who helped fuel his rise to the top of the Republican
Israel at a Crossroads as Economy Shifts Away From Manufacturing
published Jul 12th 2016, 4:00 pm, by David Wainer (Bloomberg) —Shriveling exports have sent some of Israel’s top business leaders clamoring for government aid. But some of the government’s leading economists say it’s time for the government to stop its practice of propping up export companies. Though Israel historically has relied
When a Police Officer Is Killed, a Financial Army Moves In
published Jul 8th 2016, 6:17 pm, by Polly Mosendz and Suzanne Woolley (Bloomberg) —As America absorbed the news of five murdered Dallas police officers, Frederick Frazier grimly signed $2,000 checks, one after another. They were for the families of the slain. “So many people are calling and want to donate food, travel,
S&P 500 Climbs to Record High as Dollar Rallies; Treasuries Drop
published Jul 11th 2016, 4:32 pm, by Jeremy Herron and Joseph Ciolli (Bloomberg) —Stocks rose, sending the S&P 500 Index to an all-time high on speculation the U.S. economy remains strong enough to propel global growth without forcing the Federal Reserve to raise interest rates. The dollar climbed with industrial
Trump Eyeing Gingrich for National Security Position
published Jul 11th 2016, 5:27 pm, by Terrence Dopp, Jennifer Jacobs and Mark Halperin (Bloomberg) —Even if Donald Trump does not pick Newt Gingrich as his running mate, the former U.S. House Speaker may still have a job in the billionaire’s administration. Trump is considering picking Gingrich for a top
Rocks, Reefs and Recriminations: a South China Sea Glossary
published Jul 11th 2016, 5:00 pm, by David Tweed (Bloomberg) —An international Court issues its ruling Tuesday on a challenge brought by the Philippines to China’s claim to more than 80 percent of the South China Sea. The report by the tribunal in The Hague—which will decide on at least
Oldest and Youngest May Determine 2016 Election: Albert R. Hunt
published Jul 10th 2016, 10:15 am, by Albert R. Hunt (Bloomberg View) —Years ago, the conservative activist Grover Norquist was the guest speaker in a class I teach at the University of Pennsylvania. “Older people are the base of the Democratic Party,” he told the class of predominantly liberal Ivy