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
New York, Chicago Traders Forced to Quit the Pits Move Next Door
©2015 Bloomberg News NR38KP6KLVR8 (Bloomberg) — Commodity traders in Chicago and New York aren’t ready to call it quits even after CME Group Inc. shut most of the futures pits in both cities. Some brokers and traders will rent booths as office space to trade futures electronically as more active
Equity Futures Shrug Off Greece While Oil Rallies After Selloff
©2015 Bloomberg News NR3BA56K50ZH (Bloomberg) — Stock futures signaled a rebound from Monday’s Greece-inspired equity losses, with contracts on Chinese shares rising as the government strives to quell gyrations in its markets. New Zealand’s dollar retreated, while oil rallied after its steepest slump in five months. Futures on equity gauges
Kerry Tempers Iran-Deal Optimism as Foreign Ministers Return
©2015 Bloomberg News NR0YL26VDKHU (Bloomberg) — U.S. Secretary of State John Kerry tempered expectations that a nuclear deal with Iran is imminent as foreign ministers from world powers rejoined a record ninth straight day of negotiations. While progress continues to be made at the talks, “we are not yet where
Rick Perry on Don’t Ask, Don’t Tell: ‘The Horse Is Out of the Barn’
©2015 Bloomberg News NR0XI46JTSEA (Bloomberg Politics) — Republican presidential candidate Rick Perry said the U.S. is past the point of no return on Don’t Ask, Don’t Tell, a policy ended in 2011 that had prohibited gay people from serving openly in the military. Appearing on ABC’s This Week on Sunday, host George Stephanopoulos
Tsipras Turns Tables on Europe in Austerity Referendum Triumph
©2015 Bloomberg News NR17VG6K50XT (Bloomberg) — Greece voted against yielding to further austerity demanded by creditors, leaving Europe’s leaders to determine if the renegade nation can remain in the euro. With 85 percent of votes counted, 62 percent of voters backed Prime Minister Alexis Tsipras and his Coalition of the