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Dollar’s Rise Reshuffles Global Economy Into Winners and Losers
©2015 Bloomberg News NMPF6P6JTSE9 (Bloomberg) — The rising U.S. dollar is redistributing growth throughout the global economy. The greenback’s ascent to the highest in a dozen years on a trade-weighted basis is eroding the competitiveness of the U.S. and countries whose exchange rates track the dollar, including China. It’s also
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Germany Proving Life With Less Fossil Fuel Easier Than You Think
©2015 Bloomberg News NMLUF16K50XW (Bloomberg) — Sitting in a control center that helps ensure uninterrupted power for 82 million Germans, Gunter Scheibner is proving that renewable energy from the sun and wind can be just as reliable as fossil fuels. Scheibner, in charge of keeping flows stable over 6,200 miles (9,976
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Bloomberg Business: Dollar Reaches 3-Week High, Europe Stocks Hit Record; Bonds Fall
©2015 Bloomberg News Stephen Kirkland and Callie Bost (Bloomberg) — The dollar rose to a three-week high amid speculation U.S. interest rates will be increased this year. European stocks climbed to a record and American equities advanced with oil, while Treasuries fell after a bond auction. The Bloomberg Dollar Spot
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Bloomberg Business: Is Government Making a Bad Bet on Student Loans?: Megan McArdle
©2015 Bloomberg View NMK6GZ6KLVR6 (Bloomberg View) — Under the Barack Obama administration, the government has pretty much taken over the student loan business. Loans that might once have been made by banks (often with a federal guarantee) are now issued directly by the government. Proponents of this policy have hailed
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Bloomberg Business: Oil Pares Slide on Record Supplies; Asian Futures Rise After Fed
©2015 Bloomberg News Emma O’Brien (Bloomberg) — Oil rose following its steepest retreat in two months after U.S. crude inventories jumped to a record, fueling concern over a glut in the commodity. Most Asian stock futures climbed amid gains in the U.S., while gold held losses. West Texas Intermediate crude
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Bloomberg Business: India Rating Outlook Raised by Moody’s on Growth Prospects
©2015 Bloomberg News Sharon Chen (Bloomberg) — India’s credit rating outlook was raised to positive by Moody’s Investors Service, signaling optimism in the efforts of Prime Minister Narendra Modi and central bank chief Raghuram Rajan to improve Asia’s No. 3 economy. The country’s Baa3 rating was affirmed and the outlook
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Bloomberg Business: Deferred Oil Well Completions Keeping Supply Out of U.S. Market
©2015 Bloomberg News NMIDR86K50Y5 (Bloomberg) — Companies delaying the completion of wells that have been drilled are keeping 373,000 barrels a day of oil out of the market, energy intelligence firm Genscape Inc. said. Six companies announced plans to defer completing a total of 845 drilled wells this year, Genscape
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Bloomberg Business: Samsung’s New S6 Smartphones Fuel Optimism for Profit Rebound
©2015 Bloomberg News NMGNKE6JIJUX (Bloomberg) — Samsung Electronics Co.’s S6 smartphones debuting Friday are raising analyst expectations for the first profit gain in six quarters as the company battles Apple Inc. for leadership in the global mobile market. Operating income will jump to more than 8 trillion won ($7.4 billion) in
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Bloomberg Business: The Wrong Way to Save for Americans’ Retirement: Megan McArdle
©2015 Bloomberg View NMGIMF6KLVRK (Bloomberg View) — It is a truth universally acknowledged that Americans are underprepared for retirement. And given this sad fact, there’s a growing movement on the left saying we need a government solution, stat: specifically, an expansion of Social Security benefits. Perhaps you are confused. Weren’t we just
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Bloomberg Business: Workers to Shop for Health Plans as Employers Quit Benefits
©2015 Bloomberg News NMGHLG6K50Y5 (Bloomberg) — A growing number of Americans are no longer getting health insurance directly from work as companies quit administering benefits, sending about 40 million people to shop for their own coverage by 2018, a new study estimates. Instead of picking a companywide health plan, employers are