published Apr 24th 2017, 10:56 am, by Barry Ritholtz (Bloomberg View) —You are not poor; income inequality is a myth; the middle class is doing just fine. That seems to be the message coming from numerous right-leaning think tanks, websites and authors. I was reminded of this yet again over

published Apr 24th 2017, 4:21 pm, by Brian Eckhouse (Bloomberg) — Even without any specific tax-reform proposals, President Donald Trump’s pledge to revamp U.S. policies is already affecting the solar industry, and not in a good way. “It’s causing disruptive effects on finance,” Abigail Ross Hopper, president and chief executive

published Apr 23rd 2017, 3:45 pm, by Ros Krasny (Bloomberg) —The White House will hold a briefing for senators with its “four principals” on North Korea as the administration considers its options for dealing with saber-rattling from Pyongyang. Secretary of State Rex Tillerson, Defense Secretary Jim Mattis, Director of National

published Apr 23rd 2017, 10:00 am, by Min Jeong Lee, Hiroyuki Sekine and Toshiro Hasegawa (Bloomberg) —When Hiroe Tanaka’s father died, he left behind something that would change her life: a recipe for fried meat on a stick. It was an act of love. His daughter adored the Japanese street

published Apr 23rd 2017, 3:00 pm, by Joe Ryan (Bloomberg) —For all Donald Trump’s efforts to revive coal, market forces and some of his own supporters are vying to write their own version of America’s energy future. Divisions persist among the president’s supporters — and even within his own cabinet

published Apr 20th 2017, 3:16 pm, by Tyler Cowen (Bloomberg View) — Inequality, of income or wealth, is one of the most frequently invoked ideas in policy discussions today. Yet a study of the concept reveals uncomfortable truths, namely that most Americans don’t mind inequality nearly as much as pundits

published Apr 20th 2017, 3:33 pm, by Margaret Talev and Toluse Olorunnipa (Bloomberg) —President Donald Trump said he has “absolute confidence” that Chinese President Xi Jinping will work “very, very hard” to defuse rising tensions North Korea has stirred through nuclear and missile tests. Trump, speaking at the White House

published Apr 20th 2017, 4:00 pm, by Lynnley Browning and Saleha Mohsin (Bloomberg) —The Trump administration is aiming to complete the biggest overhaul of the tax code since President Ronald Reagan by the end of the year, even if a second attempt to repeal the Affordable Care Act fails, according

published Apr 20th 2017, 3:46 pm, by Ryan Beene and Dana Hull (Bloomberg) —Tesla Inc. recalled nearly two-thirds of the vehicles it made last year to replace faulty electronic parking brakes that may not release properly, marking its second-largest recall to date. About 53,000 Model S and Model X vehicles

published Apr 19th 2017, 4:07 pm, by Eric Roston (Bloomberg) —When nations gathered in Cancún for the annual United Nations climate talks in 2010, Felipe Calderón, then Mexico’s president, memorably likened the process to a stricken airplane or “a truck on a winding road, and the driver has a heart