Trump Attacks `Abolish ICE’ Movement Ahead of Midterm Elections
published Aug 20, 2018, 3:20:32 PM, by Justin Sink (Bloomberg) — President Donald Trump asked state and local officials to denounce criticism of federal immigration officials and cooperate with efforts to apprehend undocumented immigrants, taking aim at the “abolish ICE” movement promoted by some Democrats. Trump hosted an event at
Kavanaugh Faces Key Test as Collins Plans to Ask About Abortion
published Aug 20, 2018, 6:34:11 PM, by Steven T. Dennis (Bloomberg) — Supreme Court nominee Brett Kavanaugh faces a crucial test Tuesday when he sits down for a meeting with Republican Senator Susan Collins, who plans to ask him about abortion and other topics. Collins said she intended to talk
Dollar Extends Drop on Trump Remarks; Stocks Mixed: Markets Wrap
published Aug 20, 2018, 7:55:49 PM, by Andreea Papuc and Ruth Carson (Bloomberg) — The dollar extended a decline against major peers on comments from U.S. President Donald Trump, and Asian stocks traded mixed after muted gains in U.S. equities. The greenback accelerated a slide after the euro broke through
How Crises and Bailouts Have Changed Greece’s Economy
published Aug 19, 2018, 11:00:00 PM, by Marcus Bensasson (Bloomberg) — Greece is about to exit its bailout, a symbolic move past the debt crisis that exploded eight years ago and transformed the country’s economy and the lives of its people. At the time of the May 2010 aid package
A Fast-Aging China Tries Reverse Mortgages: Christopher Balding
published Aug 19, 2018, 6:40:18 PM, by Christopher Balding (Bloomberg Opinion) — The China Banking and Insurance Regulatory Commission wants to help the elderly enjoy their golden years in comfort. With the world’s fastest-aging population and a pension system beset by shortfalls, China is turning to a staple of late-night
Big Questions on Global Economy Hang Over Jackson Hole Gathering
published Aug 19, 2018, 11:01:00 PM, by Christopher Condon and Piotr Skolimowski (Bloomberg) — Summer break for central bankers ends this week when their leaders gather Friday and Saturday for the Federal Reserve’s annual policy symposium in Jackson Hole, Wyoming. With Fed Chairman Jerome Powell set to deliver a Friday
Trump Tells Wall Street Journal Tariffs Will Revive U.S. Steel Industry
published Aug 15, 2018, 9:58:11 PM, by Jennifer Epstein (Bloomberg) — President Donald Trump believes his tariffs on steel will rescue the industry and is still considering an interview by Special Counsel Robert Mueller’s team, he said in an interview Wednesday with the Wall Street Journal. People may complain that
A New Home for $90,000? Manufactured Housing Is Making a Comeback
published Aug 16, 2018, 4:00:00 AM, by Jeremy Hill (Bloomberg) — While others walked away from manufactured homes, Don Glisson Jr. stuck around. He’s seen the industry’s ups and downs in his 36 years working at Triad Financial Services, the third-biggest lender to buyers of factory-made houses in the U.S.
Rich Professionals Are Using Pension Plans as a Tax Dodge
published Aug 15, 2018, 10:11:20 AM, by Ben Steverman (Bloomberg) — There’s one area where the traditional pension plan is getting new life — as a tax dodge for wealthy business owners. Pensions, also known as defined-benefit plans, can be used by doctors, law partners and wealth managers to stash
Market Sell-Off Misery May Have a Silver Lining: Robert Burgess
published Aug 15, 2018, 3:35:07 PM, by Robert Burgess (Bloomberg Opinion) — It’s hard for investors to be optimistic on a day like Wednesday. Global equities fell to their lowest level in more than a month as emerging-market stocks stood on the cusp of a bear market, tumbling 19.6 percent