Trump, NRA to Meet on Gun Sales to People on Terrorism Watch List
published Jun 15th 2016, 12:26 pm, by Sahil Kapur and Ben Brody (Bloomberg) — The National Rifle Association said Wednesday it is willing to meet the presumptive Republican presidential nominee Donald Trump amid a potential disagreement between the two allies over gun rights for people who are placed on terrorism
Rubio to Consider Seeking Re-Election to Florida Senate Seat
published Jun 15th 2016, 4:17 pm, by Steven T. Dennis (Bloomberg) — Senator Marco Rubio said he will consider running for re-election this year after all, amid an effort by fellow Republicans to persuade the former presidential contender not to give up his Florida seat. A Rubio run would be
Star Wars’ Is Really About Feminism. And Jesus: Cass Sunstein
published May 31st 2016, 10:30 am, by Cass R Sunstein (Bloomberg View) — Thirty-nine years ago, on May 25, 1977, a movie was released with a somewhat ridiculous name: “Star Wars.” (It’s now called “Episode IV: A New Hope.”) Almost no one thought that it would do well, and
Matt Levine’s Money Stuff: Social Software and Suspicious Trades
published Jun 14th 2016, 8:00 am, by Matt Levine (Bloomberg View) — LinkedSoft. The most terrifying slide in the investor presentation for Microsoft’s $26.2 billion acquisition of LinkedIn features this bubble: The archetypal joke about the deal is an image of the old Microsoft Clippy saying “I’d Like to Add you
California Overtakes France to Become Sixth-Largest Economy
published Jun 14th 2016, 5:43 pm, by Alison Vekshin (Bloomberg) — California has overtaken France as the world’s sixth-largest economy, fueled by strong growth and the U.S. dollar’s gains against foreign currencies, state data released Tuesday show. The most-populous U.S. state, with a gross domestic product of $2.5 trillion, has
Coal Firm to Pay Obama Mentor $435,000 to Fight Climate Plan
published Jun 13th 2016, 4:58 pm, by Jennifer A. Dlouhy (Bloomberg) — Peabody Energy Corp. is set to pay President Barack Obama’s Harvard Law School mentor $435,000 this year to help the bankrupt coal producer challenge the administration’s signature environmental law. The payments to Laurence Tribe, a constitutional law expert
FedEx Depicted by U.S. as Drug Courier in Corporate Disguise
published Jun 13th 2016, 5:22 pm, by Joel Rosenblatt (Bloomberg) — FedEx Corp. took advantage of its “legitimate” corporate identity, size and sophistication to engage in criminal behavior by delivering illegal prescriptions from Internet drug stores, federal prosecutors said at a trial. The government will rely on “dozens and dozens”
U.S. Stocks Slump Ahead of Fed, BOJ Meetings; Haven Assets Climb
published Jun 13th 2016, 5:09 pm, by Inyoung Hwang and Joseph Ciolli (Bloomberg) — U.S. stocks and oil slumped, benefiting haven assets such as gold and the yen, as investors grew increasingly cautious ahead of key central-bank meetings this week and Britain’s vote on its membership of the European Union,
High Earners Are Going to Hate These Retirement Proposals
published Jun 9th 2016, 12:32 pm, by Suzanne Woolley (Bloomberg) — For the past two years, a commission made up of 19 high-profile people from the academic, political, business, and investment worlds has been busy devising a bipartisan plan to strengthen the retirement security and personal savings of Americans. The
Oil Extends Losses as U.S. Rigs Drilling for Crude Rise 2nd Week
published Jun 12th 2016, 5:52 pm, by Stephen Stapczynski (Bloomberg) — Crude fell a third day after the number of rigs drilling for oil in the U.S. rose for a second week. Futures fell as much as 1 percent in New York after dropping 4.2 percent in the previous two