*North Korean Missile Launch Fails on Founder’s Birthday
published Apr 14th 2016, 8:42 pm, by Sam Kim (Bloomberg) — North Korea failed in an attempt to launch a missile on the birthday of its founder, a day after South Korea said the regime might fire a ballistic device believed to be capable of reaching Guam. The launch took
The Political Center Is Shifting to the Left: Leonid Bershidsky
published Apr 12th 2016, 12:46 pm, by Leonid Bershidsky (Bloomberg View) — The traditional center-left is in retreat in Europe, and to a somewhat lesser extent in the U.S. This could be seen as a failure of the centrist-socialist establishment, though it might make sense to see it from a
Matt Levine’s Money Stuff: Earnings and Lawsuits, Mostly Suits
published Apr 15th 2015, 7:14 am, by Matt Levine (Bloomberg View) — Bank earnings. Bank of America beat on adjusted earnings, though the news was mixed; trading was disappointing (outside of foreign exchange, which did great) but legal costs were down significantly from last year. “The firm said it’s keeping
Blogger Convicted in Los Angeles Times Hack Sentenced to Prison
published Apr 13th 2016, 4:44 pm A former Tribune Media Co. employee was sentenced to two years in prison for helping the Anonymous hacking collective gain access to the Los Angeles Times website to alter a story, according to prosecutors. Matthew Keys, a well-known blogger, was accused of launching a
Clinton Caught in Trap Set by Fracking Activists: Paula Dwyer
published Apr 12th 2016, 1:35 pm, by Paula Dwyer (Bloomberg View) — Fractivists — the environmentalists who oppose hydraulic fracturing to produce natural gas — mean to make trouble for Hillary Clinton in the coming New York and Pennsylvania primaries. New York, which votes on April 19, bans the practice
Kremlin Sees `Hope’ for Oil Freeze Deal Regardless of Iran
published Apr 12th 2016, 4:01 pm, by Ilya Arkhipov, Stephen Bierman and Elena Mazneva (Bloomberg) — Russia sees a deal on freezing oil output as possible regardless of Iran’s stance. “There is hope,” Dmitry Peskov, the Kremlin’s press secretary, said following the latest conversation between Russian Energy Minister Alexander Novak
Chinese Investment in U.S. Rises to Record, Boosting Jobs
published Apr 12th 2016, 5:09 pm, by Sangwon Yoon (Bloomberg) — Chinese direct investment in the U.S. rose to a record last year, driving the total number of jobs linked to it to the highest ever, according to a report by the National Committee on U.S.-China Relations and Rhodium Group.
Married Women Hurt Trump in Coming Contests: Bloomberg Poll
published Apr 11th 2016, 4:00 pm, by Mark Niquette (Bloomberg) — Donald Trump is viewed negatively by almost three-quarters of married women in a potential general election and trails Hillary Clinton by double digits among those voters, highlighting his weakness in a key segment of the Republican base. Seventy percent
Most Asian Stock Futures Signal Losses While Oil, Copper Retreat
published Apr 11th 2016, 5:59 pm, by Emma O’Brien (Bloomberg) — Most Asian index futures tracked a late-in-the-day retreat in U.S. stocks as Alcoa Inc. kicked off what is forecast to be the worst American earnings season since the financial crisis. Oil and copper pulled back, even as the dollar
Growing Terrorism Risk Leads China to Boost Role in Afghanistan
published Apr 11th 2016, 5:00 pm, by Ting Shi (Bloomberg) — As China watches Afghan peace talks founder and Islamic militants make inroads in parts of its troubled neighbor, Beijing is taking its most concrete steps yet toward assuming a direct security role in the country. In recent weeks China