published May 1, 2018 7:00:11 AM, by Antonio Weiss (Bloomberg Opinion) — Housing and Urban Development (HUD) Secretary Ben Carson proposed legislation to make affordable housing “work” by making it stingier. The bill would force low-income households to pay more of their scarce earnings in rent, tripling the rent for

published May 23, 2018 6:39:37 PM, by Sarah Frier (Bloomberg) — Faced with new questions about whether it’s a monopoly, Facebook Inc. is making a bold argument: owning so many communications platforms helps keep users safe. On Tuesday, the European Parliament asked Chief Executive Officer Mark Zuckerberg whether he should

published May 22, 2018, 9:02:27 AM, by Silla Brush (Bloomberg) — Regulators are beginning to teach robots who’s the boss. After spending billions of dollars on cutting-edge artificial intelligence technologies, Europe’s banks and insurers face tougher scrutiny of the tools they use to help root out fraud, check borrowers’ creditworthiness

published May 22, 2018, 4:00:17 PM, by Adam Minter (Bloomberg Opinion) — China is home currently to 241 million people over the age of 60, approximately 17 percent of the population. By 2050, the elderly will number around 500 million and account for more than one-third of the population. According

published May 22, 2018, 6:34:07 PM, by Spencer Soper and Joshua Brustein (Bloomberg) — Amazon.com Inc. drew the ire of the American Civil Liberties Union on Tuesday over a facial-recognition system offered to law-enforcement agencies that the advocacy group says can be used to violate civil rights. In marketing materials

published Apr 30, 2018, 8:33:24 AM, by Sonali Basak and Tom Metcalf (Bloomberg) — Few bank CEOs ever become billionaires. Jamie Dimon did. So did Lloyd Blankfein. And then there’s Ken Moelis, a power dealmaker few people outside Wall Street have probably heard of. Since taking his boutique investment bank

published May 21, 2018, 3:22:23 PM, by Elise Young (Bloomberg) — New Jersey Treasurer Elizabeth Muoio said structural budget troubles are accelerating, and the state is on track for a $2.4 billion deficit if tax increases aren’t in place for the fiscal year that starts July 1. The shortfall endangers

published May 21, 2018, 4:00:12 PM, by Daniel Moss (Bloomberg Opinion) — Forget that image of sweatshops making all kinds of cheap stuff with plentiful labor. Now China’s workforce is shrinking and its population graying rapidly. Maybe many in the West haven’t noticed, but Beijing has: Bloomberg News reported Monday

published May 20, 2018, 5:27:09 PM, by Cormac Mullen (Bloomberg) — Asian stocks are set to start the week higher and U.S. equity futures jumped after U.S. Treasury Secretary Steven Mnuchin said the Trump administration won’t impose tariffs on Chinese products for now. Japanese futures rose in Chicago while S&P

published May 20, 2018, 4:30:00 PM, by Tim Ross (Bloomberg) — Brexit supporters “fearing betrayal” over a new customs plan should trust Prime Minister Theresa May to deliver on her promises as the U.K. prepares to leave the European Union, Foreign Secretary Boris Johnson said. Johnson reminded his fellow euroskeptics