Facebook Nabs Microsoft Researchers for New Virtual-Reality Team
©2015 Bloomberg News NXD6LN6K50YP (Bloomberg) — Facebook Inc. has started a new research team to work on areas like virtual-reality and augmented-reality content creation, and raided Microsoft’s research labs for its first three hires. The social network’s new Seattle-based Computational Photography applied research group website lists Michael Cohen, Rick Szeliski and
The Surprising Downside of a Great Education
©2015 Bloomberg News NXD4FL6S972E (An earlier version of this article mistakenly said that women who showed a strong commitment to family earned 3.4 percent of what family-oriented men did. They earn 3.4 percent less than family-oriented men.) (Bloomberg) — Education can be transformative, but it isn’t improving the chasm between what men and women make. In
Maybe U.S. Can Fix Entitlements With More Spending: Justin Fox
©2015 Bloomberg View NXD24H6S972C (Bloomberg View) — Three years ago, demographer and political scientist Nicholas Eberstadt of the conservative American Enterprise Institute wrote an influential little book on what he called the “entitlement epidemic.” The book, “A Nation of Takers,” was free of partisan rancor — Eberstadt pointed out that
Ohio Rejects Pot, But Its Constitution Gets Weird: Noah Feldman
©2015 Bloomberg View NXAZHI6S9728 (Bloomberg View) — Pot is news, and Ohio voters’ rejection of an amendment to legalize marijuana Tuesday deserves the headlines it’s gotten. But a more important story is easy to miss: Those same voters amended the Ohio Constitution to make it very difficult for future initiative
An Empathetic Chris Christie Video Goes Viral: Margaret Carlson
©2015 Bloomberg View NXBCI96JTSEJ (Bloomberg View) — Governor Chris Christie has finally hit a chord in his struggling quest for the presidency. And he did it by echoing former Democratic Representative Barney Frank’s quip that pro-life Republicans “believe that life begins at conception and ends at birth.” At a campaign
Facebook Sales Top Estimates, Fueled by Mobile Advertising
©2015 Bloomberg News NXBDPOSYF01V (Bloomberg) — Facebook Inc. notched another quarter of revenue that beat estimates after stepping up its mobile- advertising efforts. The company running the world’s biggest social network reported third-quarter sales of $4.5 billion, compared with the $4.37 billion average analyst estimate, according to data compiled by
Oil Climbs to Three-Week High as Refineries Increase Demand
©2015 Bloomberg News NX9EOA6KLVR7 (Bloomberg) — Oil advanced on speculation U.S. refineries increased crude demand for a third week. West Texas Intermediate futures rose 3.8 percent. Refinery utilization rates probably rose by 0.3 percentage points last week, according to a Bloomberg survey. An Energy Information Administration report Wednesday is expected
Tesla Rises After Narrowing 2015 Vehicle-Delivery Forecast
©2015 Bloomberg News NX9EKR6JTSEO (Bloomberg) — Tesla Motors Inc. rose in extended trading after the electric-car maker reiterated that it expects to deliver at least 50,000 vehicles this year and promised to reveal the more-affordable Model 3 in late March 2016. The automaker said it sold 33,180 vehicles in the year’s
Emerging Stocks, Currencies Gain as Economic Confidence Returns
©2015 Bloomberg News NX9F936K50XZ (Bloomberg) — Emerging-market assets rose for a third day as increasing confidence that the global economy is stabilizing outweighed concern that a pending increase in U.S. borrowing costs will lure money away from developing nations. Colombia’s peso led gains in currencies, strengthening 3.5 percent against the
Trump’s Tax Plan Is Still Unclear on How He’d End Up Paying More
©2015 Bloomberg News Margaret Collins (Bloomberg) — Though Donald Trump devotes an entire chapter of his just-published book “Crippled America” to his tax proposal, it remains difficult to see how it will have a detrimental effect on the Republican presidential candidate’s bottom line—as he has often claimed while pitching the