
China’s Power Play in Asia May Be Emboldened by U.S. Politics
published Aug 24th 2016, 5:00 pm, by David Tweed and Nick Wadhams (Bloomberg) —U.S. Defense Secretary Ash Carter warned a few months back that China risked a “great wall of self-isolation” for its actions in the disputed South China Sea. That hasn’t deterred Xi Jinping. Beijing is boosting its military

Health Care Will Always Be a Business Not a Right: Megan McArdle
published Aug 23rd 2016, 7:00 am, by Megan McArdle (Bloomberg View) — “The health of Americans should not be a profit center. Health care is a right. Full stop.” That comes from the Twitter feed of personal finance writer Helaine Olen. But it could have issued straight from the heart

The Illusion of Lagging Economic Productivity: Noah Smith
published Aug 23rd 2016, 4:17 pm, by Noah Smith (Bloomberg View) — I miss 2011. Looking back, that was the heyday of economic blogging. The financial crisis had abated, but the recovery from the recession was disappointing, and everyone was talking about how to jump-start growth. Macroeconomics was important again.

*North Korea Successfully Launches Ballistic Missile From Sub
published Aug 23rd 2016, 6:46 pm, by Jiyeun Lee (Bloomberg) — North Korea launched a ballistic missile from a submarine off its east coast early Wednesday, in a move that comes as South Korea conducts military drills with the U.S. The missile flew about 500 kilometers, suggesting the nation’s missile

Oil Search Profit Plunges 89% After Slump in Energy Prices
published Aug 22nd 2016, 7:29 pm, by Perry Williams (Bloomberg) — Oil Search Ltd. posted a 89 percent fall in first-half profit as a drop in energy prices offset increased output at the Papua New Guinea-focused company. Net income was $25.6 million, compared with $227.5 million last year, the Sydney-based

*Swedes With Big Pay Dreams Are Snubbing Aging Labor Market Model
published Aug 22nd 2016, 5:01 pm, by Amanda Billner (Bloomberg) — The lid that has kept Swedish wages in check for decades is starting to crack. Many fast-growing technology companies are refusing to play by the rules, eschewing the traditional collective bargaining agreements that have helped deliver moderate pay increases

Trump Calls for Special Prosecutor to Investigate Clinton
published Aug 22nd 2016, 6:10 pm, by Kevin Cirilli, Jennifer Jacobs and Ben Brody (Bloomberg) — Donald Trump called Monday for the appointment of a special prosecutor to investigate Democratic presidential rival Hillary Clinton’s “e-mail crimes” stemming from her tenure as secretary of state. “After the FBI and Department of

U.S. Vision for Mideast Stability Runs Through Gas Pipelines
published Aug 21st 2016, 2:37 am, by David Wainer (Bloomberg) — The potential to benefit from new gas discoveries has created a rare opportunity for eastern Mediterranean countries including Israel and Turkey to forge closer ties, according to U.S. Secretary of State John Kerry’s envoy on energy affairs. Countries in

The Rio de Janeiro Olympics Were Not a Disaster. Now What?
published Aug 21st 2016, 8:37 pm, by Jonathan Levin (Bloomberg) —It wasn’t perfect, but Rio de Janeiro pulled off the Olympics. For all the hand-wringing, the problems that affected Olympians and tourists were relatively benign. Olympic pool water turned green. Some stadiums were largely empty. A few visitors were mugged,

Saudi Crude and Refined-Product Exports Hit Seasonal Record
published Aug 18th 2016, 6:01 pm, by Wael Mahdi and Javier Blas (Bloomberg) — Saudi Arabia raised its combined crude oil and refined-product exports to 8.83 million barrels a day in June, the highest on record for that month and the latest sign of the expansion of the kingdom’s share