published May 30th 2016, 5:00 pm, by Pankaj Mishra (Bloomberg View) —In Austria last month, nearly half of the electorate voted for the presidential candidate of a party set up by former Nazis. The politics of fear unequivocally triumphed in Assam, a state in India’s northeast, where Prime Minister Narendra

published May 30th 2016, 5:48 pm, by Elizabeth Campbell (Bloomberg) —Illinois lawmakers overrode Governor Bruce Rauner’s veto of a law that gives Chicago a partial break on its pension payments to police and fire retirement funds. The House followed the Senate’s vote Monday to nix the veto. Rauner, a first-term

published May 26th 2016, 1:22 pm, by Noah Smith (Bloomberg View) — The just-published book “Concrete Economics,” by University of California-Berkeley professors Brad DeLong and Stephen S. Cohen, needs an expanded sequel — 900 pages long, with charts, data, theory and an exhaustive list of historical case studies. That book

published May 26th 2016, 11:33 am, by Shira Ovide (Bloomberg) — Coming to a multiplex cinema near you, for the last 15 years: Big tech company swoops in to rescue a damsel-in-distress media company. Too bad it’s a meet cute that makes little sense. In a world where the lines

published May 26th 2016, 4:27 pm, by Brian Wingfield (Bloomberg) — Republican presidential candidate Donald Trump said he would rescind “job-destroying” Obama administration environmental actions within 100 days of taking office and cancel a landmark international climate deal reached last year in Paris. “His policy is death by a thousand

published May 25th 2016, 4:42 pm, by Terrence Dopp (Bloomberg) — Bernie Sanders is turning to marijuana to bolster his credentials in California ahead of the crucial Democratic primary there. The Vermont senator told a rally in beach-front Santa Monica that he would vote yes on an initiative proposed for

published May 25th 2016, 6:01 pm, by Ladane Nasseri and Glen Carey (Bloomberg) —Saudi Arabia couldn’t stop the Iran nuclear deal from being signed. Plan B is to limit Iran’s ability to reap its benefits. QuickTake Iran’s Nuclear Program The kingdom is mobilizing its Gulf allies to make sure that,

published May 25th 2016, 3:29 pm, by Oliver Renick (Bloomberg) — U.S. stocks posted the strongest two-day rally in nearly three months, as signs of a stronger economy spurred speculation it can withstand higher interest rates. Banks in the S&P 500 led Wednesday’s move, reaching their highest level since Jan.

published May 24th 2016, 11:42 am, by Inyoung Hwang and Oliver Renick (Bloomberg) — U.S. stocks joined a rally in European shares as growing conviction that the Federal Reserve will raise interest rates this summer sparked gains in financial shares. The dollar rose and Treasuries fell as housing data reinforced

published May 24th 2016, 4:00 pm, by David Wainer (Bloomberg) — As most developed countries reeled from housing busts and collapsing financial systems in the wake of the 2008 financial crisis, Israel defied the chaos with strong annual economic growth, a stable financial system and robust exports. It’s since caught