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BMW still preaches free trade as tariff threat looms

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Bloomberg BMW AG will keep spreading the gospel of free trade and back its rhetoric up by investing more in its massive US plant, all as the Trump administration mulls higher tariffs on imported autos. The German automaker is presenting two SUVs at the Los Angeles auto show this week: a refreshed X5 crossover and a new three-row model, the ...

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IBM CEO blasts data use by Silicon Valley

Bloomberg International Business Machines Corp Chief Executive Officer Ginni Rometty joined a growing chorus of tech executives lambasting web platforms, like Google and Facebook Inc, over their collection of user data and urged governments to target regulation at those companies. Without naming company names, Rometty pointed to the “irresponsible handling of personal data by a few dominant consumer-facing platform companies” ...

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Was Great Recession worse than the Great Depression?

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Here’s today’s economic quiz: Was the 2007-09 Great Recession more damaging than the Great Depression of the 1930s? Surely the answer is “no.” In the 1930s, unemployment reached 25 percent. By contrast, the recent peak in the jobless rate was 10 percent. Case closed. Not so fast, objects economist J. Bradford DeLong of the University of California, Berkeley. “Fifty years ...

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