Obama Seeks Generational Bridge Within Civil Rights Movement
©2016 Bloomberg News O2RPPP6K50Y2 (Bloomberg) — President Barack Obama gathered African- American activists at the White House as generational differences are surfacing in a crucial Democratic Party constituency. Obama, who navigated a change in leadership from veterans of the civil rights movement to a new generation in his own presidential
Virgin America Chooses Empty Seats Over $41 Dallas-NYC Fares
©2016 Bloomberg News O2RQVN6JIJV5 (Bloomberg) — Virgin America Inc., caught up in a Dallas fare war, said it will fly out of the city with empty seats rather than sell tickets at rates so deeply discounted it can’t make money. The pricing battle began in 2014 when Southwest Airlines Co.
Google, Tech Companies Side With Apple in Decryption Protest
©2016 Bloomberg News O2Q1BS6KLVRX (Bloomberg) — Google and other technology companies are backing Apple Inc. in its fight against the U.S. government, which is trying to get the company to unlock an encrypted iPhone, a move that the industry fears will lead to greater access by any authorities to private
Surging Cruz Is Big Oil’s New Crush as Donors Cool to Bush
©2016 Bloomberg News O2Q59E6JTSEP (Bloomberg) — U.S. Senator Ted Cruz, the first-term Republican from Texas, leads all candidates in the scramble for oil industry campaign cash, surpassing Jeb Bush, whose father and brother were West Texas oilmen before they became presidents. Cruz leads all presidential candidates in contributions from employees
Gasoline Trades as If U.S. Nearing Recession, Goldman Says
©2016 Bloomberg News O2Q67N6JTSEF (Bloomberg) — Gasoline futures are trading as if the U.S. economy is about to hit the brakes, according to Goldman Sachs Group Inc. Contracts for delivery in the summer months are currently priced less than $20 a barrel higher than crude oil. If those premiums were
Matt Levine’s Money Stuff: Mortgage Fraud and Growing Worries
©2016 Bloomberg View O2FTJO6S972O (Bloomberg View) — Morgan Stanley Modern psychology has not, I think, fully come to grips with the death drive in financial e-mails. People know they are not supposed to mention illegal stuff in their e-mails and instant messages and chat rooms and recorded phone calls. You can tell
China Ramps Up Rhetoric, Plans New Steps to Juice Up Economy
©2016 Bloomberg News O2O2NE6K5145 (Bloomberg) — China is stepping up support for the economy by ramping up spending and considering new measures to boost bank lending. The nation’s chief planning agency is making more money available to local governments to fund new infrastructure projects, according to people familiar with the
There’s One Place Where OPEC Can’t Broker an Oil Deal: Texas
©2016 Bloomberg News O2NZG96JIJV8 (Bloomberg) — Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if — the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With
Do Tax Preparers Know What They’re Doing?
©2016 Bloomberg News O2C8VF6JTSEE (Bloomberg) — For several years, researchers have been sending people into tax preparation offices to test the quality of the work. The results have been scary: * A tax preparer in North Carolina wasn’t sure what to do with one client’s dividend income form. She decided to just
Israel Reaches Out to Old Ally in American Jews: Daniel Gordis
©2016 Bloomberg View O2LJ0F6JTSEC (Bloomberg View) — Outside the spotlight, one long- standing Israeli rift seems to be healing, at least for now. The Jewish State has long had a fraught relationship with the non-Orthodox Jewish community in the U.S. Some 90 percent of American Jews are not Orthodox, and