Time Running Out on New U.S. Tax Extension Plan, Republican Says
©2015 Bloomberg News NZ0JUL6JIJV8 (Bloomberg) — Congressional leaders are pushing to reach a deal on a must-pass U.S. government spending bill as a Friday deadline nears to avoid a federal shutdown, even as they concede that lawmakers may have to work into the weekend and beyond. Complicating talks are simultaneous negotiations
Why Silicon Valley Won’t Enlist in Anti-Terror Fight
©2015 Bloomberg News NZ0JKJ6KLVR9 (Bloomberg) — President Barack Obama’s Oval Office speechon combating ISIS included a plea for “high-tech and law enforcement leaders to make it harder for terrorists to use technology to escape from justice.” Hours earlier, Hillary Clinton gave her own speech urging Silicon Valley’s “disrupters” to get to
Obama’s ‘New Phase’ of Terror Threat Among Hardest to Defeat
©2015 Bloomberg News NYYYIV6K50XT (Bloomberg) — President Barack Obama warned that the mass shooting in California last week showed the terrorist menace has evolved into a “new phase” of less sophisticated, harder to detect plots, while assuring the public that organizations like Islamic State that threaten the U.S. will be
Akon Likens Renewables to Digital Revolution You Can’t Miss
©2015 Bloomberg News NYY6FP6K50XS (Bloomberg) — The rap artist Akon joined chief executives of energy companies and policy makers from around the globe to urge a shift toward clean energy as climate negotiators in Paris prepare to start a second week of talks. The energy industry is responsible for more
Dollar Gains as Jobs Supports Fed Rate Rise, Soothes Volatility
©2015 Bloomberg News NYYNH36TTDS0 (Bloomberg) — The dollar held its gains after a stronger- than-expected U.S. jobs data strengthened market speculation that the Federal Reserve will raise interest rates next week. The greenback advanced against the yen, Aussie and kiwi on Monday, after a report at the end of last
Five Characteristics of a Political Populist: Stephen Mihm
©2015 Bloomberg View NYY2NW6KLVR4 (Bloomberg View) — It’s a recurring theme in U.S. history: Populist presidential candidates giving voice to an electorate fed up with Washington and politics as usual. Yet the three politicians wearing the label — the Republicans Ben Carson, Donald Trump and, to a lesser extent, Ted
Rubio Can Lose Early Primaries and Still Win: Jonathan Bernstein
©2015 Bloomberg View NYSC8J6S972U (Bloomberg View) — If Marco Rubio is the front-runner to win the Republican presidential nomination, as election prediction markets are saying (and I agree!), then why aren’t his poll numbers spiking? That’s what the Rubio naysayers keep asking. No matter that the Florida senator just moved into
Gold Heads for First Weekly Gain Since October as U.S. Jobs Eyed
©2015 Bloomberg News NYT8BM6K50XV (Bloomberg) — Gold is heading for the first weekly advance since October after disappointment over the European Central Bank’s stimulus decision spurred a rout in global equities and the biggest jump in the euro since 2009. Investors awaited the U.S. November jobs report Friday for clues on
Virgin Galactic to Hurl Rockets to Space From Boeing 747 Je
©2015 Bloomberg News NYT3LOSYF01S (Bloomberg) — Richard Branson is finding a new use for an old Virgin Atlantic jumbo jetliner: to fling rockets to orbit. Virgin Galactic, the commercial space company founded by the billionaire, plans to send small rockets inflight from the Boeing 747-400 nicknamed “Cosmic Girl” that
S&P 500 Slides With Crude as Treasuries Slump on Fed Rate Bets
©2015 Bloomberg News NYQY7R6KLVRB (Bloomberg) — U.S. stocks fell the most in two weeks as crude plunged past $40 a barrel to send energy shares tumbling. Treasuries fell after Federal Reserve Chair Janet Yellen indicated increasing confidence in the economy two weeks before central bank officials meet. The Standard &