September, 2017

• 13 September

  ‘Kenya poll rerun delay may resolve vote concerns’

  

  Bloomberg Kenya’s opposition presidential candidate said the electoral authority should consider delaying the rerun of last month’s annulled presidential vote until the end of October to ensure it’s organized in a credible manner. The date for the election could be adjusted within the 60-day period stipulated by the law to give the electoral body enough time to prepare a fair ...

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• 13 September

  Merkel wants Schaeuble to continue as finance minister

  

  Bloomberg Wolfgang Schaeuble can expect to be offered another term as German finance minister if Chancellor Angela Merkel wins re-election on Sept. 24, according to four people familiar with the government’s deliberations. Schaeuble has signaled his interest for the post and Merkel would be willing to pay a high political price to extend his tenure, the people said. All asked ...

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• 13 September

  We need higher taxes

  

  Can we get real about ‘tax reform,’ the Republican promise to enact deep tax cuts that will spur economic growth? Probably not, but let’s give it a try. For starters, we can stop calling it ‘reform.’ That’s a charged word, implying that the new tax system will be superior to the old. We don’t know that for a fact; the ...

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• 13 September

  Little victory heralds big changes in Indian bankruptcy

  

  The 1997 Asian crisis forced Indonesia to replace a 93-year-old relic with something resembling a modern bankruptcy code. India took another 20 years—and its own $191 billion bad-debt crisis—to get to the same point. With the country’s top court backing the new insolvency code, a warped power equation between debtors and creditors is heading for a big shift. It remains ...

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• 13 September

  Donald Trump’s Fed

  

  Even more than before, President Donald Trump now has the chance to entirely reshape the Federal Reserve. Janet Yellen’s term as chair ends early next year, and her deputy, Stanley Fischer, has just resigned, citing personal reasons. Soon Trump will be able to appoint a new person to the top job and three other positions on the seven-member board — ...

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• 13 September

  Myanmar’s leader needs to lead

  Aung San Suu Kyi, Myanmar’s iconic leader, is sacrificing her moral authority for political expediency. By failing to speak out against repression — and, more broadly, by not doing enough to help her country grow and prosper — she risks losing both her power and her reputation. Suu Kyi, whose years leading the resistance to the Burmese junta earned her ...

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• 13 September

  Maybe cities are actually the future of suburbs

  

  I recently had a discussion with my Bloomberg View colleagues Conor Sen and Justin Fox about whether cities or suburbs are the future in the US, this turns out to be a very popular and contentious topic. Richard Florida, the noted urbanist, recently bemoaned the death of the great urban revival that saw young Americans flocking to city centers during ...

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• 13 September

  Sunsets can save HK’s dual-class share vision

  

  Imagine buying a home when the previous owner continues to live in it and call the shots, indefinitely. Imagine running a market that matched such sellers with buyers. That’s the dilemma facing Hong Kong and other financial hubs such as Singapore and London as they consider accepting the dual-class shareholding structure used by US-listed tech giants like Facebook Inc. and ...

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• 13 September

  Would the future of iPhone be boring!

  

  There are objective reasons why some of Apple’s new smartphones, which were unveiled on Tuesday, will sell for more than $1,000. The iPhones, including the top-of-the line X model — the 10th anniversary edition — have some cutting-edge components, which are expensive and rare. Prices are increasing for all leading smartphones that come ever closer to combining computer and camera ...

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• 13 September

  Malaysia Airlines agrees to $3bn Boeing plane deal

  

  Bloomberg Malaysia Airlines Bhd. agreed to buy Boeing Co.’s 787-9 Dreamliners and 737 Max jets as the Southeast Asian nation’s flag carrier looks to boost services on its busiest routes. The airline signed a memorandum of understanding for eight of the carbon-composite Dreamliners, and eight 737 Max 8s, Boeing said in an e-mailed statement. The planes are worth $3.06 billion ...

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