Showing posts with label Bloomberg News. Show all posts
Showing posts with label Bloomberg News. Show all posts

Monday, April 27, 2015

McCain Renews Push To End CIA Control Of Drone Strikes 

By David Lerman, Apr.27, 2015, Bloomberg News

Sen. John McCain renewed his effort to end the CIA’s control over U.S. drone strikes after an attack on an al-Qaida compound in Pakistan killed two hostages.

Now that drones have become “an integral part” of U.S. military operations, it makes sense for such airstrikes to be managed by the nation’s armed services rather than by spy agencies, the Arizona Republican said Sunday on CNN’s “State of the Union.”

McCain, chairman of the Senate Armed Services Committee, acknowledged his bias in seeking to give the Defense Department greater control, adding that the military has “the capabilities and the equipment” that the Central Intelligence Agency lacks to conduct effective drone strikes.

The accidental killing of two hostages, one American and one Italian, in a January drone strike was disclosed last week. It may force Congress to revisit an issue that in the past had become a turf battle among lawmakers, with intelligence committees favoring the CIA and defense committees backing the Pentagon.


Read the full story:  www.hamptonroads.com

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Monday, January 19, 2015

Venezuelans Throng Grocery Stores Under Military Protection

Andrew Rosati and Noris Soto, Jan. 9, 2015, Bloomberg

“I’ve visited six stores already today looking for detergent -- I can’t find it anywhere,” said Lisbeth Elsa, a 27-year-old janitor, waiting in line outside a supermarket in eastern Caracas. “We’re wearing our dirty clothes again because we can’t find it. At this point I’ll buy whatever I can find.”

Read more: www.bloomberg.com


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Thursday, January 15, 2015

Billionaire Carlos Slim Doubles Holdings in New York Times

Patricia Laya and Gerry Smith, Jan. 14, 2015, Bloomberg

Billionaire Carlos Slim became the largest investor in the New York Times Co. after exercising options to acquire 15.9 million shares in the newspaper company.

Slim bought the shares for almost $6.36 each, about half of Times Co.’s $12.28 closing price, Times Co. said today in a statement. That boosted his stake to 16.8 percent of the company’s Class A shares.

Read more: www.bloomberg.com


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Friday, January 9, 2015

Le Pen May Gain As Magazine Attack Strains French Divide

Angeline Benoit, Sandrine Rastello, and Caroline Alexander, Jan. 7, 2015, Bloomberg

The lessons voters draw from the deadliest attack on French soil since World War II will shape the political debate as the country looks toward the 2017 election. Hollande, the most unpopular president in modern history, is struggling to make up ground on Le Pen, who’s seen her support surge as she blames immigrants for France’s near-record unemployment and deepening inequalities.

Read more: www.businessweek.com


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Europe’s Islam Debate Erupts As Paris Killers At Large

James G. Neuger, Jan. 8, 2015, Bloomberg

There is little chance of EU governments uniting around a coordinated immigration policy in the foreseeable future, said Timo Lochocki, a fellow at the German Marshall Fund in Berlin. Nor would a clampdown catch native-born radicals like the suspects in yesterday’s attack.

“There’s no effect whatsoever of increasing border controls if you’re concerned about terrorist threats with a domestic source,” Lochocki said. “This applies to the French case and will likely apply in future cases.”

Read more: www.businessweek.com


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Wednesday, December 3, 2014

Oil At $40 Possible As Market Transforms Caracas To Iran

Gregory Viscusi, Tara Patel and Simon Kennedy, Dec. 1, 2014, Bloomberg

Few expected the extent or speed of the U.S. oil resurgence. As wildcatters unlocked new energy supplies, some oil exporters abroad failed to invest in diversifying their economies. Coddled by years of $100 crude, governments instead spent that windfall subsidizing everything from 5 cents-per-gallon gasoline to cheap housing that kept a growing population of underemployed citizens content.

Those handouts are now at risk.

Read more: www.bloomberg.com



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Wednesday, November 12, 2014

NFL’s Ray McDonald Won’t Be Charged After Probe Of Fight

Karen Gullo, Nov. 10, 2014, Bloomberg

49ers defensive lineman Ray McDonald won’t face charges after a police investigation into an alleged act of domestic violence turned up insufficent evidence of a crime, a California prosecutor said.

McDonald was arrested in August on suspicion of domestic violence against his fiancee, Santa Clara County District Attorney Jeff Rosen said in a statement today.

The fiancee struck McDonald during an argument at a birthday party at his home, and the two scuffled, with McDonald then forcibly attempting to remove the woman from the home, according to the statement. At 2:39 a.m. on Aug. 31 McDonald called police saying he needed to get “a female” out of his house and the fiancee called 911 two minutes later, resulting in McDonald’s arrest, Rosen said.

Read more: www.bloomberg.com

Friday, October 31, 2014

While You Were Getting Worked Up Over Oil Prices, This Just Happened To Solar


Tom Randall, Oct. 29, 2014, Bloomberg 

After years of struggling against cheap natural gas prices and variable subsidies, solar electricity is on track to be as cheap or cheaper than average electricity-bill prices in 47 U.S. states -- in 2016, according to a Deutsche Bank report published this week. That’s assuming the U.S. maintains its 30 percent tax credit on system costs, which is set to expire that same year.

Even if the tax credit drops to 10 percent, solar will soon reach price parity with conventional electricity in well over half the nation: 36 states. Gone are the days when solar panels were an exotic plaything of Earth-loving rich people. Solar is becoming mainstream, and prices will continue to drop as the technology improves and financing becomes more affordable, according to the report.


Read more: www.bloomberg.com

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Wednesday, October 29, 2014

PGA President's Ouster Shows Quick Reaction To Sexist Comments 

Rob Gloster, Oct. 27, 2014, Bloomberg News

Ousted PGA of America President Ted Bishop became the latest sports executive punished for making insensitive comments, reflecting a growing effort by sports bodies to react decisively on sexist or racist comments.

Bishop's removal came one day after he referred to England's Ian Poulter as a "little school girl squealing during recess," and a week after a Russian tennis official was suspended for mocking Serena and Venus Williams as the "Williams brothers."


Read more: www.chicagotribune.com


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