Clinton Hints At Buy-And-Hold Capital Gains Tax Plan
©2015 Bloomberg News NRG1CU6JTSE8 (Bloomberg Politics) — Democratic presidential candidate Hillary Clinton suggested Monday that she may endorse lower capital gains taxes on long-held assets as a way to discourage a quick-profits mentality in the U.S. economy. That could mean a sliding scale of tax rates on investments, offering a
Chinese College Kid’s Secret Stock Trade Shows Moral Hazard
©2015 Bloomberg News NRGFHF6KLVR6 (Bloomberg) — Lu Tao can’t sleep. He gets bouts of panic at night. And he’s too afraid to tell his parents why. The 23-year-old university student in Hangzhou, a city on China’s eastern seaboard, has a stock-market problem. He borrowed 200,000 yuan ($32,215) from mom and
In Los Angeles, Voting Is Getting the Silicon Valley Treatment
©2015 Bloomberg News NRBTK36S9728 (Bloomberg Politics) — Last year, a bipartisan commission established by President Obama declared that the U.S. faces an “impending crisis in voting technology.” After the 2000 Florida recount showed the world that the American presidency could be determined by hanging chads, Congress set aside $3.3 billion,
The 2016 Presidential Hopefuls Literary Guide Part 2
Scott Walker The Wisconsin governor is building his campaign around what many conservatives see as his signature accomplishment: taking on unions. In his 2014 memoir, Unintimidated: A Governor’s Story and A Nation’s Challenge, Walker recounts his successful battle to strip organized labor of collective bargaining rights. It was this victory that catapulted
The 2016 Presidential Hopefuls Literary Guide Part 1
Copyright 2015 Bloomberg. NKJ8056KLVR5 (Bloomberg Politics) — Judging from the plethora of titles now crowding bookstore shelves, it would appear that publishing a memoir has become something of a requirement for politicians hoping to become president. The urge to make the leap from politician to author makes sense on a number of levels. Releasing
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