Roots of the Jewish Power Struggle Roiling Israel: Noah Feldman
©2015 Bloomberg View NT1DAI6JTSEA (Bloomberg View) — Should the Jews have a pope? For most of the last 2,000 years, the answer has been “no.” Rabbinic authority has been decentralized, with each community choosing its own religious leaders to follow. But now Israel’s Chief Rabbinate is seeking to monopolize and
Happy 80th Birthday, Social Security. Your Gift? My Plan Not to Need You (So Much)
©2015 Bloomberg News NT1S1H6KLVR4 (Bloomberg Business) — It’s Social Security’s 80th birthday, and while news about the program’s financial status is rarely happy, most Americans are very thankful it still exists. Women and lower-earning workers in general rely particularly heavily on the program for income in their old age. But
Oil Heads for Seventh Weekly Drop as Global Glut Seen Persisting
©2015 Bloomberg News NT1WIG6TTDS0 (For Bloomberg fair value curves, see CFVL ) (Bloomberg) — Oil headed for the longest run of weekly declines since January amid signs the global glut that’s driven prices to the lowest in six years will be prolonged. Futures were little changed in New York, down
*Muslim Scholars Prepare Call for Action on Climate Change
©2015 Bloomberg News NSZAIS6VDKHU (Bloomberg) — Islamic scholars and religious leaders are preparing a call for action on climate change that will say it’s the religious duty of the world’s 1.6 billion Muslims to fight global warming. The declaration will be made in Istanbul next Tuesday during a two-day meeting
After 70 Years, Japan Still Needs to Say It’s Sorry: Editorial
©2015 Bloomberg View NSZRSQ6KLVR8 (Bloomberg View) — Japanese Prime Minister Shinzo Abe has said that when he commemorates the 70th anniversary of the end of World War II on Friday, he’d rather focus on the future than repeat the apologies of the past. That may sound reasonable to some ears.
Dollar Dials Back as Yuan Crimps Rate Bets; Japan Stocks Retreat
©2015 Bloomberg News NSZW976KLVR7 (Bloomberg) — The dollar remained on the back foot, sliding versus Korea’s won as investors cut bets on higher U.S. interest rates after China’s shock devaluation. The yuan rose in offshore trading, while Japanese stocks extended losses. The greenback traded near its weakest level this month
The Top Questions Facing Alphabet, the New Google Conglomerate
©2015 Bloomberg News NSXTEP6S972A (Bloomberg Business) — As Google Inc. reorganizes into Alphabet Inc., the conglomerate has promised a new era of transparency. Now, investors and analysts are working on wish lists of the kind of information they want to see from the Web company. Chief Executive Officer Larry Page said
South Sudan Sees No Agreement on Peace Before Aug. 17 Deadline
©2015 Bloomberg News NSXOT46K50XX (Bloomberg) — South Sudan’s warring factions haven’t made progress on a peace deal and it seems likely that no breakthrough will be reached by the Aug. 17 deadline, Information Minister Michael Makuei Lueth said. “None of the outstanding issues that were left pending in other negotiations
Foreign Buyers Aren’t Ruining Great Cities: Justin Fox
©2015 Bloomberg View NSXSFQ6S972A (Bloomberg View) — London, as we have all heard, has been taken over by foreign oligarchs who hardly ever visit their dwellings, pricing out regular hard-working intellectuals and dulling the city’s vibrancy. But if that’s the case, Janan Ganesh writes in the Financial Times, why is
S&P 500 to Add Second Class of Shares for Fox, Comcast, News
©2015 Bloomberg News NSW4JXSYF01S (Bloomberg) — Building on a change it began last year with Google Inc.’s stock split, S&P Dow Jones Indices will add additional share classes for Twenty-First Century Fox Inc., News Corp. and Comcast Corp. to the Standard & Poor’s 500 Index. The action will bring the