Shoppers Tightening Purse Strings Make Japan’s Retailers See Red
published Jul 7th 2016, 5:00 pm, by Monami Yui and Grace Huang (Bloomberg) —Japan’s discount-seeking shoppers drove some retailers into the red last quarter as an uncertain economic outlook persuaded consumers to tighten their purse strings. Supermarkets and clothing stores will probably cut prices more to spur sluggish sales, which
Matt Levine’s Money Stuff: Brexit, Stress and Video Interviews
published Jun 24th 2016, 7:55 am, by Matt Levine (Bloomberg View) — Programming note: There will be no Money Stuff for the next two weeks, since I’ll be on vacation. Have fun and be safe; I’ll see you in July. Brexit. Well this is depressing. “The world of hope, the
Clinton Avoids Criminal Charges as U.S. Closes Probe of E-Mails
published Jul 6th 2016, 5:35 pm, by Chris Strohm (Bloomberg) — U.S. Attorney General Loretta Lynch said Wednesday that Hillary Clinton won’t be charged criminally for her use of personal e-mail while secretary of state, accepting a recommendation from the FBI after a more than yearlong investigation. Lynch said that
West Berlin on the Baltic: Putin Buildup Fuels Invasion Fears
published Jul 6th 2016, 6:01 pm, by Henry Meyer (Bloomberg) — Vadim Kuznetsov says his excursion-boat business along Russia’s border with Poland has been torpedoed by a new Cold War. “They’re scared,” Kuznetsov said of the Poles, once his main customers, who no longer venture across the border for fishing
From Paris With Love: France Woos U.K. Business Post Brexit
published Jul 6th 2016, 3:33 am, by Mark Deen (Bloomberg) — Four thousand British executives have received a love letter from Paris. The letter, written by the head of the Paris regional government to officials of companies of all sizes a day after the U.K. voted to leave the European
Pistorius Sentenced to Six Years in Jail for Girlfriend’s Murder
published Jul 6th 2016, 3:44 am, by Paul Burkhardt (Bloomberg) — Oscar Pistorius was sentenced to six years in jail for murdering his model girlfriend Reeva Steenkamp on Valentine’s Day three years ago. Judge Thokozile Masipa handed down the sentence, which was less than half of the recommended jail term
Video Games May Become China’s Best Cultural Export: Adam Minter
published Jul 5th 2016, 8:12 pm, by Adam Minter (Bloomberg View) — When Chinese internet giant Tencent acquired the Finnish video game developer Supercell last month for $8.6 billion, it became the world’s dominant publisher and distributor in the $100 billion gaming market. It was a blockbuster deal: No other
Devotional 7/06: My Son, the Idiot
As a huge fan of the former tv show, Entourage I had to see the movie version last summer. In this film, they are trying to get a movie financed by a guy named McCredle played by Billy Bob Thornton. McCredle sends his son to Hollywood to be wined and dined by Vinny
Netanyahu Roams East Africa to Find Deals, Mark Entebbe Raid
published Jul 4th 2016, 6:43 pm, by Jonathan Ferziger (Bloomberg) — Prime Minister Benjamin Netanyahu opened a four-country Africa trip with a stop in Uganda, where a daring Israeli rescue mission led by his brother 40 years ago played a pivotal role in launching his political career. Netanyahu is trying
Libya Oil Comeback Unlikely as Political Stalemate Endures
published Jul 4th 2016, 9:26 pm, by Ghaith Shennib and Caroline Alexander (Bloomberg) — The end of a split in Libya’s National Oil Corp. marks a small step toward healing the divided country, but the political stalemate that shut down of most of its crude production is as entrenched as