The following list comprises the most-read Bloomberg News reports from the past week.
1. Obama Says Bernanke Has Been at Fed ‘Longer Than He Wanted’
June 18 (Bloomberg) -- President Barack Obama said Federal Reserve Chairman Ben S. Bernanke has stayed in his post “longer than he wanted,” one of the clearest signals the central bank chief will leave when his current term expires next year.
2. Asian Stock Futures Signal Extension of Rout as Gold Tumbles
June 21 (Bloomberg) -- Asian stock futures slid, indicating shares in the region may extend the global market retreat, on prospects the Federal Reserve will start paring back stimulus later this year and concern over China’s cash crunch. Gold futures sank and crude slipped for a third day.
3. Bernanke Says Fed on Course to End Asset Buying in Mid-2014
June 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank may start dialing down its unprecedented bond-buying program this year and end it entirely in mid-2014 if the economy finally achieves the sustainable growth the Fed has sought since the recession ended in 2009.
4. Trading Desks at Wall Street Banks Defy Second-Quarter Curse
June 19 (Bloomberg) -- Wall Street banks, buoyed by record stock-market prices and high-yield bond issuance, probably will report a jump in second-quarter trading and investment-banking revenue from the same period a year ago.
5. Sodomy Hazing Leaves 13-Year-Old as Outcast in Colorado Town
June 20 (Bloomberg) -- At the state high-school wrestling tournament in Denver last year, three upperclassmen cornered a 13-year-old boy on an empty school bus, bound him with duct tape and sodomized him with a pencil.
6. Middle-Aged Men in Lycra Told to Think Twice About Triathlons
June 21 (Bloomberg) -- For men competing in triathlons past the age of 40, the grueling slog to the finish line could be their last.
7. Bernanke Outlines End to Fed’s Unprecedented Policy Easing
June 20 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke is putting investors on notice that the central bank is prepared to begin phasing out one of the most aggressive easing programs in its century-long history later this year.
8. Asian Futures Rise Before Fed After U.S. Rally as Yen Holds Drop
June 18 (Bloomberg) -- Asian equity futures tracked gains in U.S. stocks while the yen held declines against most major currencies as investors assessed prospects for less economic stimulus before this week’s Federal Reserve meeting. Treasuries dropped and natural gas rebounded.
9. Japan Futures Drop as Fed Sinks U.S. Stocks While Aussie Slides
June 20 (Bloomberg) -- Japanese and Australian equity futures followed U.S. stocks lower as the dollar surged after Federal Reserve Chairman Ben S. Bernanke said bond purchases may be reduced later this year should risks to the U.S. economy abate. Australia’s currency slumped while oil slid.
10. U.K. Bankers Face Decade Bonus Delay and Criminal Sanctions
June 19 (Bloomberg) -- Senior employees at U.K. banks may face a 10-year wait for bonuses under proposals put forward by a committee investigating the failures of the industry, which also recommended making “reckless” management of lenders a crime.
1. Why Hillary Clinton Should Part With Bill: Margaret Carlson
June 19 (Bloomberg) -- Hillary Clinton’s return to the living was almost flawless. Almost.
2. How Poor Students Get Soaked for College Sports: Richard Vedder
June 18 (Bloomberg) -- As parents and students struggle to keep up with rising college tuition and take on greater burdens of debt, universities are being challenged to justify the ballooning athletic fees they tack on to the bill.
3. Apple’s Long-Lived MacBook Air Goes On and On: Rich Jaroslovsky
June 20 (Bloomberg) -- When it comes to consumer electronics, the discussion usually revolves around faster, sleeker, smaller, cheaper.
4. Bank of America Faces Tragedy of Foreclosure: Jonathan Weil
June 21 (Bloomberg) -- In one corner, we have five former Bank of America Corp. employees who told a federal court they were instructed to mislead customers on the verge of losing their homes and stall their applications for loan modification
5. Who Created the IPhone? Apple or Government?: Mark Buchanan
June 20 (Bloomberg) -- Albert Einstein famously held the view that “imagination is more important than knowledge.” What we think we know can limit what we see as possible. The greatest thinkers challenge what everyone believes to be obvious. They allow us to see the world anew.
1. Bernanke Says Fed May End Asset Buying in Mid-2014
June 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke speaks about the U.S. economy and labor market, and the outlook for the central bank’s bond purchases and benchmark interest rate.
2. Gross Says Markets Misinterpreted Bernanke on Inflation
June 19 (Bloomberg) -- Bill Gross, manager of the world’s biggest mutual fund at Pacific Investment Management Co., talks about bond market reaction to Federal Reserve Chairman Ben S. Bernanke’s remarks that the central bank may begin reducing bond purchases later this year.
3. Bernanke’s Own Words on Fed Policy, U.S. Economy
June 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke offers his views on the outlook for the U.S. economy and labor market, and the central bank’s unprecedented bond-buying program and benchmark interest rate.
4. Military, Police Training Guide Chicago Principal
June 19 (Bloomberg) -- Aaron Rucker, the principal of William H. Ryder Elementary School on Chicago’s South Side, has initiated a system for discipline called restorative justice.
5. Colorado Sodomy Hazing Pits Town Against 13-Year-Old
June 20 (Bloomberg) -- Bloomberg’s John Lauerman reports that sexual abuse is frequently part of the high-school hazing ritual.
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