Terrorists With Assault Weapons Rewrite the Script: Noah Feldman
©2015 Bloomberg View O00XSN6S9728 (Bloomberg View) — Over the last 15 years, Americans have become accustomed to distinguishing domestic mass shootings from Islamic terrorism — the difference between Columbine and the Sept. 11 attacks, if you will. In 2015, that conceptual division broke down with the massacre in San Bernardino,
Shale’s Running Out of Survival Tricks as OPEC Ramps Up Pressure
©2015 Bloomberg News NZVO156KLVR4 (Bloomberg) — In 2015, the fracking outfits that dot America’s oil-rich plains threw everything they had at $50-a- barrel crude. To cope with the 50 percent price plunge, they laid off thousands of roughnecks, focused their rigs on the biggest gushers only and used cutting-edge technology
Record Budget Impasse Belies Fix to Pension Disaster in Illinois
©2015 Bloomberg News NZT9XL6KLVR9 (Bloomberg) — As 2015 draws to a close, Illinois marks half a year without a budget. No spending plan has driven up borrowing costs, sunk its credit rating, and perhaps worst of all, exacerbated the state’s biggest problem: its underfunded pensions. Home to the least-funded state
Matt Levine’s Money Stuff: Yieldcos, Spoofers and Blockchains
©2015 Bloomberg View NZTC906S972D (Bloomberg View) — SunEdison. If you haven’t been following the SunEdison story, let me commend it to you, because it is bonkers. The basic setup is that you’ve got SunEdison, a public company that develops renewable power projects, and you’ve got its two yieldcos, TerraForm Power and TerraForm Global.
Good Technology Was Not So Good for Employees: Matt Levine
©2015 Bloomberg View NZU1EW6JTSEA (Bloomberg View) — Here is a fascinating story by Katie Benner about a fallen unicorn with the puzzlingly generic name “Good Technology.” Good was formed in 2009 by the combination of a startup and a division of Motorola. It “raised about $300 million in equity and debt,” hitting a peak
Oil Slump to 11-Year Low Just a Taste of Pain Felt by Producers
©2015 Bloomberg News NZS1N66VDKHT (Bloomberg) — If oil’s slump to an 11-year low stung traders, it’s just a taste of the hardship felt by the industry. Brent’s plunge to $35.98 a barrel on Tuesday, its weakest intraday level since 2004, was probably painful enough for any remaining oil bulls. But that
Consumer Spending in U.S. Increases by Most in Three Months
©2015 Bloomberg News NZSEL06KLVRB (Bloomberg) — Consumer purchases climbed in November by the most in three months, indicating the biggest part of the U.S. economy was gaining momentum heading into the holiday shopping season. Spending advanced 0.3 percent, matching the median forecast in a Bloomberg survey, to $12.43 trillion at
Which Republicans to Buy, Sell or Hold: Jonathan Bernstein
©2015 Bloomberg View NZS2WE6JTSED (Bloomberg View) — With almost six weeks until the Iowa caucuses and seven weeks to the New Hampshire primary, there’s still time for big changes. But here’s how the Republican contest looks right now, based on my reading of the odds currently posted at PredictIt, the
Dollar Index Set for Worst Monthly Loss Since April on Rate Bets
©2015 Bloomberg News NZQOCU6TTDS5 (Bloomberg) — A gauge of the dollar was set to drop in December by the most in eight months as investors bet the Federal Reserve will wait until at least April to raise interest rates again after last week’s first increase in almost a decade. The
A Momentous, Yet Conservative, Win for Gay Rights: Noah Feldman
©2015 Bloomberg View NZQCL96JTSE8 (Bloomberg View) — Reviewing the year at the U.S. Supreme Court, there’s no question that the outstanding historic moment was June’s decision in Obergefell v. Hodges, in which the court recognized — or, if you prefer, invented — a right to gay marriage. There was nothing