
Australia Terror Suspects Charged Over Plot to Bomb Etihad Plane
published Aug 3rd 2017, 6:32 pm, by Angus Whitley (Bloomberg) —Two men will appear in an Australian court on Friday charged over an alleged plot to bring down an Etihad Airways PJSC flight last month with a homemade bomb. The Australian Federal Police allege the two men, aged 49 and

Older Americans Aren’t as Poor as We Thought
published Aug 1st 2017, 4:45 am, by Ben Steverman (Bloomberg) —Millions of American workers are frozen out of their companies’ pension plans. Maybe you get a 401(k), if you’re lucky. But the traditional pension is dead. Unless, perhaps, you’re already retired. It still lives for millions of older Americans who worked and qualified for

Kelly Is Said to Assure Sessions He Can Stay as Attorney General
published Aug 2nd 2017, 10:27 pm, by Chris Strohm (Bloomberg) —Attorney General Jeff Sessions is keeping his job, at least for now. New White House Chief of Staff John Kelly told Sessions in a phone call over the weekend that President Donald Trump doesn’t intend to fire him and that

Apple Signals Resilient IPhone Demand Helped by Supporting Cast
published Aug 1st 2017, 7:28 pm, by Alex Webb (Bloomberg) —Apple Inc. gave a revenue forecast that highlighted resilient demand for the iPhone ahead of the launch of its new models and the growing significance of the company’s supporting businesses. New iPhones typically go on sale in mid- to late

Tillerson Says `Peaceful Pressure’ Still Best North Korea Option
published Aug 1st 2017, 4:40 pm, by Nafeesa Syeed (Bloomberg) —U.S. Secretary of State Rex Tillerson urged continued “peaceful pressure” on North Korea, even as one Republican senator ratcheted up talk of war. Taking stock of his tenure after six months in office, Tillerson told reporters at the State Department

For Sale: Two Half-Finished Nuclear Reactors (Never Used)
published Aug 1st 2017, 5:05 pm, by Mark Chediak and Jim Polson (Bloomberg) —Looking to buy two half-finished nuclear reactors? It may be your lucky day. U.S. utility owner Scana Corp. dropped a plan to build two reactors at the V.C. Summer power plant in South Carolina on Monday after the projected

Bureaucracies Creep Into End-of-Life Decisions: Megan McArdle
published Jul 27th 2017, 11:15 am, by Megan McArdle (Bloomberg View) —Everyone who has been touched by the case of Charlie Gard is in a terrible position. This 11-month-old British boy, born with an extremely rare mitochondrial DNA disorder that has damaged his brain and left him unable to move

Tesla Batteries May Back Up Massachusetts Offshore Wind Farm
published Jul 31st 2017, 7:02 pm, by Joe Ryan (Bloomberg) —Deepwater Wind LLC is proposing to pair Tesla Inc. batteries with massive offshore wind turbines as part of a bid to supply the state of Massachusetts with clean energy generated at sea. The 144-megawatt development would stockpile electricity produced late

Bigger Is Rarely Better in Money-Management Business: Noah Smith
published Jul 26th 2017, 12:45 pm, by Noah Smith (Bloomberg View) —Does market-beating performance disappear as an asset manager gets big? This is a crucial question for investors and for the finance industry. Most introductory finance classes, or personal finance tutorials, start with an explanation of compound interest. They show

Japan’s Tight Labor Market Has Problem Sectors That Crimp Wages
published Jul 30th 2017, 3:00 pm, by Yoshiaki Nohara (Bloomberg) —Economic theory suggests that the tightest labor market in more than 40 forty years ought to be more than enough to push wages and inflation higher in Japan. Reality is proving different. A sector-by-sector look at the job-to-applicant ratio released