Millennials Think They Have It Bad? Generation X Has It Worse
©2015 Bloomberg News NPP08SSYF01T (Bloomberg) — The members of Generation X have plenty to be grumpy about. For starters, no one talks about them anymore. It’s all millennials all the time. There’s another reason Americans born between 1965 and 1980 are gloomy: Gen Xers are in even worse shape financially
Now You Can Get Married. Gay or Not, Here’s What You Gain—and Lose
©2015 Bloomberg News NQK26H6JTSEF (Bloomberg Business) — The U.S. Supreme Court just legalized gay marriage nationwide. If same-sex couples get married, they gain access to hundreds of legal and financial benefits. They—and anybody else thinking about marrying—also bear some often-overlooked costs and responsibilities. Even couples who have been together for
Treasuries Fall With Australian Bonds as Greece Damps Safety Bid
©2015 Bloomberg News NR90ZM6KLVR5 (Bloomberg) — U.S. and Australian government bonds fell for a second day as Greece sought a bailout loan, curbing demand for safer assets. Ten-year Treasury prices extended Thursday’s biggest decline in two months after Greece offered creditors a package of reforms and spending cuts, as it
Your Daily Dose of Donald Trump, Unhinged and Mansplaining
©2015 Bloomberg News NR6SID6KLVR9 (Bloomberg Politics) — On Wednesday afternoon, a reporter asked Donald Trump, a candidate for president of the United States, about his brash speaking style, and whether it might induce ire in the delicate dance that is international diplomacy. His first response was not to answer the question,
Pasta Anyone? Investors Build Appetite for Italian Food Firms
©2015 Bloomberg News NR6BVB6TTDSA (Bloomberg) — Investors are developing an appetite for Italian food. Food companies, that is. Mostly family owned, makers of linguini, mozzarella, tomato puree and other Italian fare traditionally have shunned the stock market, turning instead to limited investments from private-equity firms for capital to expand. With
These Investors Have Satellites. They’re Seeing Data You Don’t
©2015 Bloomberg News NR6YK36JTSEE (Bloomberg Business) — Some 250 miles above the Earth, a flock of shoebox-size Dove satellites is helping to change our understanding of economic life below. In Myanmar, night lights indicate slower growth than World Bank estimates. In Kenya, photos of homes with metal roofs can show
Jimmy Carter Says U.S. Influence Waning in Middle East, Globally
©2015 Bloomberg News NR4BJJ6TTDSP (Bloomberg) — The U.S. is in an “inevitable relative decline in worldwide influence” due to the rise of China, India, and other developing economies, former President Jimmy Carter said Tuesday. “As they increase in economic and cultural influence, it will replace a lot of the power
Air Force One Serves as Reward for Obama Trade Allies
©2015 Bloomberg News NQVPJ16JIJUS (Bloomberg) — Are you a congressional Democrat who bucked organized labor and the progressive base of your party to support President Barack Obama’s trade agenda? Then the White House may have a gift for you: Air Force One touching down in your hometown, where the president
Raging Bull Markets: How Young Men’s Hormones Unsettle Finance
©2015 Bloomberg News NQV1EA6TTDT3 (Bloomberg) — Want to calm financial markets? Add more women and older people to the young men on trading desks. That’s one recommendation from research into the role of hormones in provoking risky behavior in financial decisions. Cortisol and testosterone, more prevalent in young men, lead
Brazil to Pay Companies to Cut Worker Hours in Bid to Save Jobs
©2015 Bloomberg News NR3BA56JIJUY (Bloomberg) — Brazil’s government will pay companies to reduce worker hours to save jobs as the country faces its worst recession in 25 years, Secretary General Miguel Rossetto said Monday. President Dilma Rousseff will send a decree to Congress to use a government fund to pay