Supreme Court Bar Engages in Some Back-Scratching: Noah Feldman
©2015 Bloomberg View NSKF316JTSEI (Bloomberg View) — A goodly portion of the Washington legal establishment has filed a friend of the court brief asking the U.S. Supreme Court to reverse the conviction of a securities fraudster. But the court shouldn’t take the bait, or the case. The court doesn’t, and
Tax Cut Pays Part of Its Own Way in Test of Republican Scoring
©2015 Bloomberg News NSKV5Q6S9728 (Bloomberg) — A bipartisan U.S. Senate bill that would revive and extend dozens of lapsed tax breaks would spur economic growth and cover about 11 percent of its own costs, according to Congress’s nonpartisan scorekeeper. The analysis released Tuesday is an early test of Republicans’ focus
Oil Trades Near $50 as Glut Seen Persisting Amid Slowing Demand
©2015 Bloomberg News NSJY7H6KLVR9 (Bloomberg) — Oil in London traded near $50 a barrel after reaching a six-month low amid speculation Iranian supplies will exacerbate a global surplus as demand from the U.S. to China slows. Brent futures gained 1.7 percent, paring a 5.2 percent fall on Monday that brought
Obama Hosts Entrepreneurs in Bid for Venture Capital Diversity
©2015 Bloomberg News NSJ9G0SYF01U (Bloomberg) — Venture capitalists and entrepreneurs will gather at the White House Tuesday as part of President Barack Obama’s bid to increase gender and racial diversity among funders and startups. With 3 percent of startups backed by venture capital led by women and 1 percent by
Russia Seeks Coalition Against Islamic State While Backing Assad
©2015 Bloomberg News NSJX1A6K50XW (Bloomberg) — Russia is pushing for a broad coalition to fight Islamic State, including Iraqi and Syrian government forces, and rejects continuing pressure from the U.S. and its allies for the ouster of Syrian President Bashar al-Assad. Foreign Minister Sergei Lavrov said air strikes conducted by
Matt Levine’s Money Stuff: Missing Chats and Soul University
©2015 Bloomberg View NSCQVT6KLVRB (Bloomberg View) — Oops Deutsche Bank. Deutsche Bank, like a lot of big banks, had a culture in which it was viewed as okay to manipulate Libor submissions to help its derivatives positions and/or to make itself look healthier. And so it manipulated Libor a lot, as
Merck’s Ebola Vaccine Found to Be Effective by Expert Panel
©2015 Bloomberg News NSCTMP6K50Y3 (Bloomberg) — Merck & Co.’s vaccine for Ebola is “highly effective,” according to an interim analysis from a panel of experts who recommended that a late-stage trial should continue. The vaccine was 100 percent effective when it was tested on more than 4,000 people who were
The Mystery Ingredient for Great Economic Growth: Noah Smith
©2015 Bloomberg View NSCPC86JTSEN (Bloomberg View) — Almost nothing in economics is more important, or mysterious, than productivity. It means the amount of stuff — goods, services, economic value — produced for a given amount of input. It is productivity that separates today’s rich, modern consumer societies from subsistence farmers
Courting Unions, Clinton Says She Didn’t Work on Trans-Pacific Partnership
©2015 Bloomberg News NSBPIR6KLVR5 (Bloomberg Politics) — Hillary Clinton appeared to take another step away from the Trans-Pacific Partnership on Thursday, telling reporters that she didn’t work on the controversial trade deal while serving as President Barack Obama’s secretary of state. The Democratic presidential front-runner, who advocated for a multi-lateral Asia trade agreement
Fox News Lays Out Debate Rules for Candidates Likely to Make Cut
©2015 Bloomberg News NSBPSR6KLVRC (Bloomberg Politics) — With the Fox News debates only one week away, candidates likely to make it to the main stage are beginning to hear some details. According to two people familiar with the network’s plans, candidates will get one minute to answer each question addressed to them