Turns Out the Crisis Wasn’t All About Subprime: Megan McArdle
©2015 Bloomberg View NUOQ0K6JTSEB (Bloomberg View) — When we talk about the past decade’s housing crisis, it’s natural to talk about subprime loans. Subprime loans give us a convenient, conventional story: predatory lenders charging people unconscionable interest rates, forcing innocent people into foreclosure and the rest of us into the
Dollar Weakens for Second Day on Fed Interest-Rate Move Doubt
©2015 Bloomberg News NUO3NL6KLVRH (Bloomberg) — The dollar declined for a second day against the yen amid speculation the Federal Reserve will refrain from increasing its benchmark interest rate this week. A gauge of the greenback reached a two-week low before the Federal Open Market Committee’s rate-setting meeting Sept. 16-17. U.S.
Oil Trades Near $45 a Barrel as Surplus Seen Lasting Into 2016
©2015 Bloomberg News Grant Smith (Bloomberg) — Oil traded near $45 a barrel in New York as a further pullback in U.S. drilling failed to temper expectations that the global oversupply will persist for most of next year. West Texas Intermediate futures were little changed after declining 2.8 percent Friday
Matt Levine’s Money Stuff: Libor Villains and Risky Options
©2015 Bloomberg View NUO3826JTSE8 (Bloomberg View) — Tom Hayes. One would have to say that former UBS swaps trader Tom Hayes was pretty guilty of manipulating Libor, insofar as he gave 82 hours of recorded confessions in which he said things like “I probably deserve to be sitting here because,
Federal Courts Can’t Mend a Parent’s Broken Heart: Noah Feldman
©2015 Bloomberg View NUHCRB6KLVRA (Bloomberg View) — How much should you know before your baby is entered into a medical study? That complicated and heartbreaking question has been at the center of a controversy about a clinical trial that tested the effects of different oxygen levels on premature infants with
With Donald Trump Attacks, Is Bobby Jindal Auditioning to Be the Next Rick Perry?
©2015 Bloomberg News NUHE336JTSEE (Bloomberg Politics) — Like other hapless Republicans before him, Louisiana Governor Bobby Jindal launched an offensive against Trump this week. On Wednesday he released a video comparing Trump to Charlie Sheen, the actor who popularized “#winning” after being fired from his successful sitcom, Two and a Half Men. On
Netanyahu Condemns EU Plan to Label Israeli Settlement Products
©2015 Bloomberg News NUHAPU6K50XU (Bloomberg) — Israeli Prime Minister Benjamin Netanyahu compared a European Union plan to label products from West Bank settlements to Nazi boycotts against Jews, while lobbying against the move during a visit to London. The European Parliament approved a non-binding resolution Thursday to label Israeli exports
Apple’s Attention Puts Spotlight on Health-App Maker Mulling IPO
©2015 Bloomberg News NUFO186JIJUO (Bloomberg) — AirStrip Technologies Inc., the mobile health-app maker now featured twice by Apple Inc. during major product debuts, may be nearing an initial public offering as investor interest grows in mobile health-care software. “I would say that 2016 is the year we need to make
Martin O’Malley Calls Out Donald Trump’s ‘Xenophobia’
©2015 Bloomberg News NUFL956KLVRG (Bloomberg Politics) — Martin O’Malley is no fan of Donald Trump. The former Maryland governor and Democratic presidential candidate called out Trump’s “xenophobia” and even took aim at his Democratic presidential rivals for not speaking out loudly against it in a Wednesday interview on Bloomberg’s With
Obama Administration Fails to End House’s Health-Care Suit
©2015 Bloomberg News NUFQ2I6JIJUO (Bloomberg) — Congressional Republicans were allowed by a judge to pursue their lawsuit accusing the Obama administration of violating the Constitution by spending money on the president’s signature legislative achievement, the Affordable Care Act. A federal judge in Washington on Wednesday declined to dismiss the lawsuit