Mexico Expanding Oil Hedge as Fuel Prices Float, Meade Says
published Sep 12, 2017 5:57:25 PM, by Carlos Manuel Rodriguez and Nacha Cattan (Bloomberg) — Mexico will most likely expand its oil hedge marginally for 2018 as it liberalizes gasoline prices, while the cost for the government to protect crude exports against a drastic drop in prices will be about
North Korea Vows to Accelerate Nuclear Push After UN Sanctions
published Sep 12, 2017 6:54:26 PM, by Kanga Kong (Bloomberg) — In its first official response to new United Nations sanctions, North Korea said it will accelerate its plans to acquire a nuclear weapon that can strike the U.S. homeland. The UN resolution verified that its push for nuclear weapons
Hong Kong Finance Chief Warns Again of Property Risk as Fed Acts
published Sep 11, 2017 5:00:00 PM, by Fion Li (Bloomberg) — Hong Kong’s Financial Secretary Paul Chan warned potential buyers to be careful buying property in the world’s most expensive housing market, as moves by the Federal Reserve to unwind its balance sheet may shrink money supply. Chan warned in
Equifax Is `Exhibit A’ in Case for Regulation, Durbin Says
published Sep 11, 2017, 4:23:29 PM, by Erik Wasson, Laura Litvan and Elizabeth Dexheimer (Bloomberg) — The massive data breach at Equifax Inc. is “exhibit A” on the need for strong U.S. regulation, including higher fines against companies that mishandle consumers’ personal information, second-ranking Senate Democrat Dick Durbin said Monday.
U.K. Will Offer Troops to Support EU Operations After Brexit
published Sep 11, 2017, 6:01:00 PM, by Robert Hutton (Bloomberg) — Britain will continue to offer troops to European Union operations after Brexit, as well as agreeing to joint foreign policy positions with the bloc, as part of the close relationship that Theresa May’s government is pitching for. The latest
Fischer to Step Down in Mid-October as Fed Vacancies Mount
published Sep 6, 2017, 10:57:49 AM, by Christopher Condon and Craig Torres (Bloomberg) —Federal Reserve Vice Chairman Stanley Fischer has resigned effective in mid-October, giving President Donald Trump scope to start reshaping the leadership of the U.S. central bank sooner than expected and clouding the longer-term outlook for monetary policy.
Your Social Security Number Now Looks Like a Time Bomb. It Is
published Sep 8, 2017, 11:21:43 AM, by Suzanne Woolley (Bloomberg) —One Ring to rule them all, One Ring to find them,One Ring to bring them all, and in the darkness bind them.—J.R.R. Tolkien David Haas doesn’t like to give out his Social Security number. He fends off all the requests
A World Apart: The Two Koreas and Six Decades of Separation
published Sep 10, 2017, 3:00:00 PM, by Jiyeun Lee and Hooyeon Kim (Bloomberg) —South Korea and North Korea could hardly be further apart right now: A new democratic president has been elected in Seoul after the peaceful ouster of his predecessor over a political scandal, while a dictator in Pyongyang has
What It Takes to Be Labeled a ‘Hate Group’: Megan McArdle
published Sep 7, 2017 1:22:19 PM, by Megan McArdle (Bloomberg View) — In 2010, the Southern Poverty Law Center designated the Family Research Council a “hate group” because of its orthodox position on homosexuality, and its occasionally incendiary defenses of that position. In 2012, Floyd Corkins showed up at the
Matt Levine’s Money Stuff: Indexers, Activists and Tax Robots
published Feb 2, 2017 8:20:51 AM, by Matt Levine (Bloomberg View) — Index funds and activists. The basic thesis of the index-funds-should-be-illegal crowd is that when most companies are mostly owned by the same overlapping group of owners — big mutual fund complexes, particularly passive index funds — then those companies