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
Spies Who Chased Terrorists Join Banks to Hunt for Rogue Traders
©2016 Bloomberg News O2LNUK6TTDS3 (Bloomberg) — Bryon Linnehan spent more than two years chasing bad guys around Iraq as a U.S. military-intelligence officer. Since May, he’s been using skills he honed on the battlefield to monitor electronic communications inside Barclays Plc. Desperate to avoid more costly run-ins with regulators, investment banks
Campaign Spending, Death Penalty in Play With High Court Opening
©2016 Bloomberg News O2KAWD6JIJW1 (Bloomberg) — The death of Antonin Scalia could set off a U.S. Supreme Court realignment that reverses decisions touching major facets of American life including gun control, campaign finance reform, and consumer protections. A newly remade 5-4 majority might even consider outlawing the death penalty. Those
Apple’s `Error 53′ Could Upend a Lucrative Business: Adam Minter
©2016 Bloomberg View O2KCNS6KLVR7 (Bloomberg View) — Imagine if Ford remotely disabled the engine on your new F-150 pickup because you chose to have the door locks fixed at a corner garage rather than a dealership. Sound absurd? Not if you’re Apple. Since 2014, the world’s most profitable smartphone company
Ukraine to Make Case for Government Shake-Up as Tensions Flare
©2016 Bloomberg News O2G1PN6S972O (Bloomberg) — The political crisis roiling Ukraine’s post- revolution leaders is coming to a head after a top reformer quit the government and the International Monetary Fund threatened to cut off aid. If efforts to revamp the cabinet fail, the risk is early elections. Prime Minister Arseniy Yatsenyuk
Oil Rebounds From Lowest Close in 12 Years as Volatility Surges
©2016 Bloomberg News O2EW216TTDSC (Bloomberg) — Oil rebounded from the lowest level in more than 12 years amid the most volatile prices since 2009 as speculation swirls over whether producers will act to bolster the market. Futures rose as much as 5.9 percent in New York, after closing at the
Rubio’s Tax Proposals Seen Risking ‘Unsustainable’ Deficits
©2016 Bloomberg News O2E9TN6TTDSG (Bloomberg) — While presidential candidate Marco Rubio’s tax proposals would put more money in taxpayer wallets and business coffers, their benefits would be concentrated at the top end of the income scale, and they could produce large, “unsustainable, budget deficits,” according to a policy group’s analysis.
Matt Levine’s Money Stuff: Economic Worries and Payday Loans
©2016 Bloomberg View O2DYV96KLVRL (Bloomberg View) — People are worried about everything. It would not be difficult for this newsletter to have a recurring daily section titled, like, “people are worried about the global economy.” Someone is always worried about the global economy; worries about the global economy are —