published Jun 8th 2017, 12:59 pm, by Tyler Cowen (Bloomberg View) —Perhaps the most common policy argument I see is that the government ought to channel more resources to lower-income Americans, and finance this transfer by raising taxes on the wealthy. This argument is seductive, because so often it seems

published Jun 8th 2017, 6:01 pm, by Javier Blas and Grant Smith (Bloomberg) — Qatar and Saudi Arabia square off in a major diplomatic feud. Suicide bombers strike at the heart of the Iranian capital. Kurdistan moves toward independence, and war rages on in Syria and Yemen. And in the

published Jun 8th 2017, 7:19 pm, by Jeremy Herron and Adam Haigh (Bloomberg) —The pound tumbled the most since January after an exit poll showing the U.K. faces a hung parliament left the nation’s course unclear as it contends with exiting the European Union. The reaction in other financial markets

published Jun 7th 2017, 9:02 pm, by Seyoon Kim and Shinhye Kang (Bloomberg) —North Korea launched a series of short-range missiles early Thursday that appeared to be designed to attack ships, the latest provocation by Kim Jong Un’s isolated regime. South Korea’s Joint Chiefs of Staff said the rockets —

published May 26th 2017, 9:11 am, by Nacha Cattan (Bloomberg) — Walk through the town of Atlacomulco and you’re quite likely to bump into a relative of a Mexican president or a schoolmate of a state governor, possibly on a street named after one of them. The hometown of so many big

published Jun 7th 2017, 4:32 pm, by Terrence Dopp (Bloomberg) —Republican and Democratic U.S. senators signaled support Wednesday for adding strengthened sanctions against Russia to a measure that would impose economic penalties against Iran over that nation’s ballistic missile program. The Senate voted Wednesday to advance the Iran measure, S.

published Jun 6th 2017, 6:26 pm, by Bloomberg News (Bloomberg) —China told the U.S. to mind its own business, rebuffing a call for the release of three labor activists detained while probing labor conditions at a factory that manufactured Ivanka Trump brand shoes. “No country can interfere in China’s sovereign

published May 26th 2017, 10:24 am, by Nir Kaissar (Bloomberg Gadfly) —The New York Yankees. The New England Patriots. The UCLA Bruins. The Vanguard Group? Vanguard may not come to mind when thinking about dynasties, but that’s about to change. Vanguard is dominating the fund business, and the numbers are

published Jun 6th 2017, 4:13 pm, by Nico Grant and Emily Chang (Bloomberg) —Apple Inc. Chief Executive Officer Tim Cook said any new, lower federal tax rate on U.S. companies’ overseas earnings should be mandatory for all companies, and proceeds should be spent on upgrading U.S. infrastructure. “It should be

published Jun 2nd 2017, 8:42 am, by Vanessa Dezem (Bloomberg) —Brazil is taking steps to promote new renewable-energy projects as the government seeks to reassure the industry that political turmoil won’t threaten current power policies. The country will organize at least one power auction for clean-energy projects this year, according