Tesla Recalls 53,000 Cars to Replace Faulty Parking Brakes
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
How to Drive the World Off a Cliff
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
Oil Investors Just Aren’t Buying the Price Rebound Story: Gadfly
published Apr 19th 2017, 12:03 pm, by Liam Denning (Bloomberg Gadfly) —The most striking aspect of the energy sector in recent weeks has been an all-round lack of confidence. Relative to the wider market, the E&P sector’s performance this month looks even worse given that the S&P 500 is essentially
Why the Tide Finally Turned Against Bill O’Reilly: Megan McArdle
published Apr 19th 2017, 6:39 pm, by Megan McArdle (Bloomberg View) —Revolutions come not all at once, but in tiptoe steps. Especially the bloodless ones, of course, but even rivers of blood will not convert the rest of the population instantly to the revolutionary’s command. Just think how long it
Wal-Mart and Amazon Are Buying Their Way to the Top: Conor Sen
published Apr 18th 2017, 9:18 am, by Conor Sen (Bloomberg View) — Amazon and Wal-Mart might once have existed in parallel universes, but these days they’re in a price war. Both giants are now seeking to make acquisitions to compete on the other’s turf. Amazon.com Inc. is going to have
Trump Promises U.S. Farmers Relief in Dairy Dispute With Canada
published Apr 18th 2017, 3:46 pm, by Margaret Talev (Bloomberg) — President Donald Trump dove straight into a trade fight with Canada, promising U.S. dairy farmers his administration would intervene to restore exports of American milk. Trump on Tuesday responded to appeals for help from the dairy industry during an
Russia Still a Migrant Magnet Even as Wages Stay Below China’s
published Apr 18th 2017, 4:00 pm, by Olga Tanas (Bloomberg) —The vast pool of labor across Russia’s porous borders is relieving strains in the labor market, helping drain the economy of inflationary pressure as it accelerates after almost two years of recession. A steady flow of arrivals has continued even
Japan Needs More People (and a Cultural Change): Editorial
published Apr 17th 2017, 4:00 pm, by The Editors (Bloomberg View) —Japan’s Prime Minister Shinzo Abe has been trying hard to combat his nation’s alarming demographic decline: promoting robots and other productivity-enhancing technology, bringing more women into the workforce, even opening the door a bit wider to foreigners. It’s plain,
What Not to Do After Your Customer Is Battered: Kara Alaimo
published Apr 17th 2017, 5:17 pm, by Kara Alaimo (Bloomberg View) —On Monday, one of the top stories on Twitter (and nearly everywhere else) was about a doctor who was violently removed from an overbooked United Airlines flight to make room for a company staffer. Other passengers filmed the screaming
Asian Stocks to Gain After Yen Slips as Risks Fade: Markets Wrap
published Apr 17th 2017, 5:53 pm, by Garfield Reynolds (Bloomberg) —Asian equity futures indicated most regional bourses would gain after U.S. stocks rose the most in six weeks. The yen weakened against most peers as geopolitical threats eased and a fresh set of American economic data damped the odds for a