©2015 Bloomberg News NZT9XL6KLVR9 (Bloomberg) — As 2015 draws to a close, Illinois marks half a year without a budget. No spending plan has driven up borrowing costs, sunk its credit rating, and perhaps worst of all, exacerbated the state’s biggest problem: its underfunded pensions. Home to the least-funded state

published May 3rd 2017, 5:56 pm, by Liam Denning (Bloomberg Gadfly) —David Einhorn says Tesla Inc.’s valuation is a bubble. But then, you hardly need to pay a hedge-fund manager to know that. Tesla’s stock fell slightly in after-hours trading following the release of first-quarter results late Wednesday. Even so,