Obamacare Repeal Odds Slip as Senate Gets New Expiration Date
published Sep 1, 2017 12:42:40 PM, by Laura Litvan (Bloomberg) — The Senate parliamentarian told lawmakers that Republicans’ ability to pass an Obamacare replacement with just 51 votes expires at the end of this month, Senator Bernie Sanders said Friday. The preliminary finding complicates any further efforts by Republican leaders
Trump Threatens New Sanctions After North Korea Nuclear Test
published Sep 3, 2017 3:02:14 PM, by Kanga Kong and Andy Sharp (Bloomberg) — President Donald Trump threatened to increase economic sanctions and halt trade with any nation doing business with North Korea, and his defense chief said the U.S. has “many military options” after the regime said it successfully
South Korea Raises Alert Over Economic Impact After Nuclear Test
published Sep 3, 2017 8:02:38 PM, by Jiyeun Lee and Hooyeon Kim (Bloomberg) — South Korea’s government said the impact of North Korea’s sixth nuclear test could spread from financial markets to the real economy. Existing uncertainty over trade policy and normalization of monetary policy in major economies could worsen
Southwest Air Rushes to Ensure Fuel Supply Amid Storm Damage
published Aug 31, 2017 6:10:42 PM, by Mary Schlangenstein (Bloomberg) — Southwest Airlines Co., the largest U.S. airline by domestic passengers, is working to ensure a steady supply of jet fuel after Hurricane Harvey forced the shutdown of crude-oil refineries and pipelines along the Gulf Coast. “It’s something we are
Pence Tells Texans Housing Biggest Challenge After Harvey
published Aug 31, 2017 5:46:33 PM, by Jennifer Jacobs and Justin Sink (Bloomberg) —Vice President Mike Pence warned that housing for storm victims is emerging as the top long-term challenge in the recovery from Hurricane Harvey as he arrived in Texas on Thursday to view the damage and meet with
Experience Shows the U.S. Can Weather the Storm: Tyler Cowen
published Aug 31, 2017 10:16:55 AM, by Tyler Cowen (Bloomberg View) — As the rain and wind from Hurricane Harvey clear out, and the physical and human toll becomes clear, it’s worth looking at what research tells us about storms and their costs. In particular, recovery and resilience are often
Buffett Says Stocks Are `Less Attractive,’ Still Beat Bonds
published Aug 30, 2017 12:33:56 PM, by Noah Buhayar (Bloomberg) — Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., said the rally in markets over the last several years has made it harder to find bargains, but that stocks remain his choice over bonds. When
More Drugmakers Get Subpoenas From Missouri Attorney General
published Aug 30, 2017 4:23:27 PM, by Chris Dolmetsch (Bloomberg) — Missouri Attorney General Josh Hawley expanded his probe into the promotion of opioids by pharmaceutical companies, sending subpoenas to seven more drugmakers seeking information about how they market the painkillers. Allergan Plc, Depomed Inc., Insys Therapeutics Inc., Mallinckrodt Plc,
Fracking Frenzy Shifts to Thrift in Canada Race to Tap Shale
published Aug 30, 2017 5:59:38 PM, by Robert Tuttle and Kevin Orland (Bloomberg) — After starting the year at a torrid pace, the explorers of Canada’s shale riches are taking a step back, much like their peers in the Permian Basin south of the border. As oil’s rebound stalls and tight-rock
How a Good Tax Reform Idea Goes Bad in Practice: Tyler Cowen
published Aug 29, 2017 1:23:25 PM, by Tyler Cowen (Bloomberg View) — As congressional Republicans turn their attention to tax reform this fall, one of the biggest debates will concern “full expensing” for corporations. There are many proposals, but the common core of this idea is to offer tax breaks