Bloomberg Walt Disney Co. is warning New York-area customers of Altice USA cable systems that they will lose ESPN, ABC and the Disney Channel if the companies fail to reach a new programming agreement. The world’s largest entertainment company plans to air warnings and run messages across viewers’ screens in the affected markets. Altice, which took over pay-TV systems owned ...
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London’s million-pound homes push more buyers into mortgages
Bloomberg More home buyers are resorting to mortgages to purchase London’s most expensive houses and apartments as rising prices drag them into higher tax brackets. Seventy-four percent of homes costing 1 million pounds ($1.4 million) or more in the UK capital were bought with a mortgage in the three months through July, up from 65 percent a year earlier, according ...
Read More »Insta-famous cookie shop sued for ‘bad dough’
Bloomberg Instagram’s most beloved cookie dough confectioner is facing a proposed class action alleging the not-baked goods cause food-borne illness. Cookie DÅ, which boasts over 180,000 followers on the social media destination, sells cookie dough made from pasteurized egg product and heat-treated flour. “That means NO chance of food-borne illness or the risk that comes along with eating raw flour ...
Read More »The steep cost of cheap speech
At this shank end of a summer that a calmer America someday will remember with embarrassment, you must remember this: In the population of 325 million, a small sliver crouches on the wilder shores of politics, another sliver lives in the dark forest of mental disorder, and there is a substantial overlap between these slivers. At most moments, 312 million ...
Read More »Yes—open markets have to heed national-security worries
Leaders from Washington to Brussels are increasingly troubled by the flood of Chinese money seeking acquisitions abroad, and asking themselves how best to respond. The answer is: more carefully. The US has a federal panel, created more than four decades ago, that scrutinizes foreign investments for national-security implications, but it isn’t adequate to the task. The European Union’s current arrangements ...
Read More »Investors shouldn’t ignore what the Fed doesn’t know
The Federal Reserve is about to take another small step toward getting US monetary policy back to normal. The only catch is that, as with politics and the economy, no one really knows what “normal” means anymore. So far, investors have viewed this unusual situation calmly, and the Fed is hoping this doesn’t change. But calm can become complacency—and that’s ...
Read More »New rules and old conflicts for legal defense funds
When members of the White House staff find themselves under criminal investigation, they should be allowed to raise money for their legal defense. They should not be allowed, as a newly revised policy from the Office of Government Ethics permits, to accept contributions from anonymous donors. The cost of public service is sometimes unreasonable, occasionally outrageous, and extracted from members ...
Read More »Why the world’s workers are losing to capitalists
Back in April, I wrote about one of the most troubling mysteries in economics, the falling labor share. Less of the income the economy produces is going to people who work, and more is going to people who own things. This trend is worrying because it contributes to increased inequality—poor people own much less of the land and capital in ...
Read More »Accountants are next big thing in renewable energy
What’s the most important innovation behind the rise of renewable energy: Taller wind turbines? Smart power grids? Spray-on solar cells? None of the above. For all the advances made by engineers that cut the cost of solar modules and new wind generation by more than half in five years, the true heroes of the renewables revolution may be a group ...
Read More »These Catalan separatists are on a path to failure
There’s a hard truth to understand for the many Catalans who intend to vote for independence on October 1: Regardless of the legality of their vote, its result can only stand if they are ready to fight for it — and if they can win in a violent conflict. As things stand before the independence referendum, Catalonia and Spain are ...
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