
The Mystery of Why Costly Index Funds Survive: Barry Ritholtz
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

U.S. Jobs Keep Going to the West and the South: Justin Fox
published Apr 22nd 2016, 2:07 pm, by Justin Fox (Bloomberg View) — For generations now, U.S. population and economic activity have been moving outward — away from the cities and toward the suburbs, and away from the Northeast and the Rust Belt and toward the South and the West. As

Behind the Scenes at Apple’s Controversial China IPhone Factory
published Apr 24th 2016, 6:00 pm, by Shai Oster (Bloomberg) — A few minutes past 9 a.m. at Pegatron Corp.’s vast factory on Shanghai’s outskirts, thousands of workers dressed in pink jackets are getting ready to make iPhones. The men and women stare into face scanners and swipe badges at

Cruz to Hispanics: “There is no stronger advocate of legal immigration…than I am”
©2015 Bloomberg News NNLBO76JTSEO (Bloomberg Politics) — *****This is from a year ago, but I think it is still relevant–W.****** Senator Ted Cruz said Wednesday that Republican Mitt Romney’s rhetoric about working class Americans — not an immigration stance that is similar to his own — cost the 2012 Republican presidential

Canadian Lumber Producers Tumble Amid Slow U.S. Housing Recovery
published Apr 21st 2016, 3:55 pm, by Jen Skerritt (Bloomberg) — West Fraser Timber Co. and Canfor Corp., Canada’s largest lumber producers, are suffering from tepid demand in the U.S. where the recovery in the housing market is stuttering. U.S. housing starts fell a more-than-expected 8.8 percent last month, the

Malaysia Has Plenty of Jobs But No One to Take Them: Adam Minter
published Apr 21st 2016, 5:00 pm, by Adam Minter (Bloomberg View) — The pattern is a familiar one. In February, the Malaysian government proposed allowing 1.5 million Bangladeshi workers into the country to seek employment. A popular backlash ensued and the government quickly backtracked, imposing a moratorium on hiring foreign

Regulators Don’t Want Bankers to Be Paid for Risk: Matt Levine
published Apr 21st 2016, 4:09 pm, by Matt Levine (Bloomberg View) — There are basically two ways for a big bank to do bad things: It can do bad things to itself. It can do bad things to someone else. There is some blurring of the boundaries. The U.S. legal

Never Mind Missile Tests; Iran Just Wants to Get Along: Eli Lake
published Apr 20th 2016, 1:53 pm, by Eli Lake (Bloomberg View) — Javad Zarif, Iran’s foreign minister, is angry. For some reason Iran’s Arab neighbors, not to mention many U.S. politicians and journalists, think his country is an aggressor, unworthy of international investment and entry into the global community of

Oil Trades Near $44 as U.S. Output Falls, More Freeze Talks Seen
published Apr 20th 2016, 7:03 pm, by Stephen Stapczynski (Bloomberg) — Oil traded near $44 a barrel after U.S. crude production slipped to the lowest since October 2014 and Iraq said producers plan a new push to agree on an output freeze in talks as early as next month. Futures

New York Primary Voters’ Balloting Complaints Trigger Probe
published Apr 20th 2016, 5:25 pm, by Erik Larson (Bloomberg) — New York’s attorney general opened an investigation into alleged improprieties during the state’s primary voting on Tuesday, when thousands of voters complained they couldn’t cast ballots due to inaccurate voting lists. Attorney General Eric Schneiderman said Wednesday that the