published Apr 27th 2016, 2:01 pm, by Noah Feldman (Bloomberg View) — Dr. James Tracy is certainly a crank and also seems to be a terrible person. But Florida Atlantic University violated his academic freedom when it fired him from his tenured professorship in January, and he should win the

published Apr 27th 2016, 5:30 pm, by Rich Miller (Bloomberg) — Turning 30 just got a lot scarier. A coming collapse in investment returns means that people that age today will have to work seven years longer or save almost twice as much to end up with the same nest

published Apr 27th 2016, 6:12 pm, by Arit John and David Knowles (Bloomberg) —Bernie Sanders announced Wednesday that he would soon be laying off “hundreds” of paid staffers to his presidential campaign and redirect his remaining resources to California. “We want to win as many delegates as we can, so

published Apr 26th 2016, 12:00 pm, by Zachary Mider (Bloomberg) —When the fundraising e-mail hit his inbox in February, Terry Crouthamel sent $250 to Donald Trump’s presidential campaign. Or rather, he thought he did. It wasn’t until almost two months later that Crouthamel, a 63-year-old asphalt contractor in Allentown, Pennsylvania,

published Apr 26th 2016, 8:11 am, by Matt Levine (Bloomberg View) — Bank governance. James Surowiecki asks why, if the new U.S. rules requiring deferral of bankers’ pay are likely to reduce risk and improve bank performance, the banks didn’t just adopt similar rules themselves. After all, they want to avoid risk and make

published Apr 26th 2016, 2:17 pm, by Mark Shenk (Bloomberg) —Oil closed at the highest level in more than five months in New York amid signs that a global surplus is gradually diminishing. Futures rose 3.3 percent. BP Plc Chief Executive Officer Bob Dudley, who in February joked that swimming pools might

published Apr 25th 2016, 6:01 pm, by Michael C. Bender and Mark Niquette (Bloomberg) — The plan to stop Donald Trump is not playing well in Indiana, a state crucial to the billionaire’s prospects of winning the Republican presidential nomination. Ohio Governor John Kasich locked up both of his campaign

published Apr 25th 2016, 1:02 pm, by Joseph Ciolli (Bloomberg) — U.S. stocks slipped, with the Standard & Poor’s 500 Index continuing a retreat from a four-month high, before central bank meetings this week in the U.S. and Japan and as investors awaited earnings reports to gauge corporate health. Equities

published Apr 25th 2016, 4:17 pm, by Matt Scully (Bloomberg) — It’s taken nine years, but the number of U.S. homes in foreclosure has fallen to a level not seen since before the 2008 housing crisis. More troubled borrowers are making their way through the foreclosure process, which can take

published Apr 22nd 2016, 12:25 pm, by Barry Ritholtz (Bloomberg View) — Many traders and investors acts as if markets are efficient, meaning that asset prices fully reflect all available information. We see this manifest itself in numerous ways — how prices rapidly adjust to new information and how few