Myths and Truths About the Trump Presidency: Albert R. Hunt
published Jan 15th 2017, 10:49 am, by Albert R. Hunt (Bloomberg View) — To liberal Democrats and a few Republicans: Get over it. Donald J. Trump will become president of the United States this week. Accept it. As unsettling as the prospect may be, it’s better to go in open-eyed,
The A to Z of Theresa May’s Brexit as Her Vision Speech Nears
published Jan 15th 2017, 6:01 pm, by Alex Morales (Bloomberg) —For someone who declared she’ll give no “running commentary” on her Brexit plans, U.K. Prime Minister Theresa May has been quite talkative about Britain’s pending withdrawal from the European Union. On Tuesday, she is set to say even more as
Goldman Sachs’s Dina Powell Named as Trump’s Economic Assistant
published Jan 12th 2017, 3:08 pm, by Dakin Campbell, Jennifer Jacobs and Kathleen Miller (Bloomberg) —Dina Powell will leave her post as the head of philanthropic investing at Goldman Sachs Group Inc. to join the Trump administration as an assistant to the president and senior counselor for economic initiatives, the
Coal’s Recovery Too Good to Resist for World’s Biggest Exporter
published Jan 12th 2017, 3:00 pm, by Fitri Wulandari and Eko Listiyorini (Bloomberg) —Indonesia will exceed its coal production target for another year as miners cash in after prices recovered from a five-year collapse. The world’s biggest exporter will produce about 489 million metric tons this year, 18 percent above
U.S. Stocks Slip With Dollar as Commodities Rally: Markets Wrap
published Jan 12th 2017, 3:06 pm, by Jeremy Herron (Bloomberg) —Treasuries climbed, while the dollar slumped with U.S. stocks on speculation post-election market moves went too far, with investors awaiting corporate earnings and fresh economic data for clues on the economy’s strength. Selling in the dollar and equities eased in
Why India’s Move Against Illicit Cash Went Wrong: Editorial
published Jan 11th 2017, 5:00 pm, by The Editors (Bloomberg View) —India’s controversial decision to ban 500- and 1,000-rupee notes has backfired. The idea was to root out “black money” — the profits of political corruption, tax evasion and ordinary crime. But efforts to get around the ban have been
Emerging-Market Currencies Fall; Lira in Worst Rout Since 2008
published Jan 11th 2017, 2:17 pm, by Aline Oyamada and Paul Wallace (Bloomberg) —Emerging-market currencies dropped as the lira headed for its biggest five-day loss since the global financial crisis after a support pledge by Turkey’s central bank failed to convince traders. The MSCI Emerging Markets Currency Index fell for
Israel’s Internet Hinges on Bezeq Revamp, Minister Says
published Jan 11th 2017, 3:37 am, by Gwen Ackerman (Bloomberg) —The future of internet in Israel may depend on allowing a reorganization of Bezeq Israeli Telecommunication Corp., despite concerns the move could undermine years of efforts to make the local market more competitive. “If we don’t move ahead with a national
Big Threat on Campus Isn’t Political Correctness: Ramesh Ponnuru
published Dec 5th 2016, 7:43 am, by Ramesh Ponnuru (Bloomberg View) —Robert P. George and Cornel West, both professors at Princeton, are a political odd couple. George is outspokenly conservative while West has been co-chair of the Democratic Socialists of America. One measure of the political distance between the two
U.S. Equities Hold Steady as Banks Rally Amid Decline in Crude
published Jan 10th 2017, 3:23 pm, by Oliver Renick (Bloomberg) —U.S. equities were unchanged Tuesday as a rally in financial companies was offset by losses in energy shares. The S&P 500 Index closed at 4 p.m. unchanged from the day after swinging between gains and losses throughout the day. The