November, 2016

• 6 November

  Tesco Bank blocks credit cards after fraud complaints

    Bloomberg Tesco Bank, the lending arm of the UK grocery chain, blocked some of its customers’ cards after receiving complaints of as much as 600 pounds ($750) being taken from accounts fraudulently. Fraud prevention systems identified suspicious activity on Saturday, the bank said. As a precautionary measure it blocked some customer cards and sent text messages to notify those ...

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• 6 November

  What to watch for on USA’s election night

  

    Tuesday evening, after Election Day’s tranquillity, new clamours will erupt as analysts with agendas tickle portents and lessons from the torrent of election returns. Herewith some developments to watch. In the 17 elections since World War II, the winner has averaged 385.4 electoral votes, the loser 145.1. In six elections (1952, 1956, 1964, 1972, 1980, 1984), a major-party candidate ...

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• 6 November

  Clinton must prepare now for her next war

  If Hillary Clinton wins the presidential election on Tuesday, she will be under no illusions about what awaits. Even if Donald Trump is defeated, the political party that nurtured his dangerous ambition will not be. (And Trump may never concede defeat in any case.) Barack Obama was elected president in 2008 amid waves of euphoria. By the night of his ...

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• 6 November

  Tackling homelessness can help Medicaid save money

  

    In a growing number of states, Medicaid directors have come to believe they could save money by housing the homeless. The federal government is providing money to find out if they’re right. There’s good reason to think this is an experiment worth trying. The idea arose from two developments. First, Obamacare’s drastic expansion of eligibility for Medicaid coverage has ...

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• 6 November

  UAE’s carbon capture project commendable

    The UAE is stepping up use of innovative technologies to bring about reduction in its carbon footprint. On Saturday, it started a carbon capture, utilization and storage (CCUS) project that will take out 800,000 metric tons of carbon dioxide annually. The technology will not just capture CO2, but also enhance oil recovery and liberate gas. This facility is one ...

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• 6 November

  High Court doesn’t care if the people want Brexit

  

    Striking a blow against popular sovereignty by referendum, the U.K. High Court of Justice held on Thursday that Britain can’t leave the European Union without an act of Parliament. Because British constitutional thought is so different from its U.S. and European equivalents, the decision will be difficult for the U.K.’s Supreme Court to overturn. It’s now much more likely ...

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• 6 November

  Anonymous trolls are what’s crippling Twitter

  I love Twitter. I use it every day. I’ve made a number of friends using the service, and often have interesting exchanges with an even larger number of colleagues and smart people. It has been essential to my career; it’s hard to imagine doing my job without Twitter or some similar tool for connecting with the public. But Twitter Inc. ...

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• 6 November

  This bull market has room to keep on running

    Barry Ritholtz Are we in a short-term cyclical bull market, one that is already long in the tooth and coming to an end? Or are we in the early years of a secular bull market, one that might last a decade or more? The answer could have a significant impact on how your portfolios perform during the next few ...

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• 6 November

  Zombie banks stalk Africa with mergers one way to limit risk

  

    Bloomberg Africa’s many small and under-capitalized banks, laden with bad debt, are inflicting more pain on already embattled economies. Regulators may have no choice but to force lenders to consolidate or close. A third of Nigeria’s 21 banks may be under-capitalized. Much smaller Uganda has 25 banks and last month suffered one collapse. Kenya has had three failures since ...

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• 6 November

  IMF knocks on doors in quest for intelligence on Chinese banks

  

    Bloomberg As part of the International Monetary Fund’s biggest review of China’s banking system in half a decade, a top official recently did some detective work that didn’t involve an Excel spreadsheet. On a trip to the mega-city of Chongqing in the nation’s interior, Ratna Sahay, acting director of the IMF’s Monetary and Capital Markets Department, visited a property ...

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