The U.S. economy may prove more prone to deflation than the Federal Reserve acknowledges and that may present a reason to keep monetary policy loose, according to a model created by Wells Fargo Securities LLC.
The U.S. medical-system overhaul will improve the nation’s health and cut costs only if it’s followed by initiatives to curtail the epidemic of obesity and diabetes, said Michael Milken, founder of the Milken Institute.
U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.
California Governor Jerry Brown has a new set of tools for luring companies like Boeing Co. to expand in or move to the state, including a discretionary pot of money his administration can use to sweeten deals.
Nouriel Roubini, the New York University professor who predicted the U.S. recession more than a year before its start in December 2007, said rising sovereign debt from the U.S. to Japan and Greece will ultimately lead to higher inflation or government defaults.
Nouriel Roubini, the New York University professor who forecast the U.S. recession more than a year before it began, said sovereign debt from the U.S. to Japan and Greece will lead to higher inflation or government defaults.
Goldman Sachs Group Inc. managing director Jason Lee pleaded not guilty to charges he raped a woman at his rental home in East Hampton, New York, the wealthy beach community on the east end of Long Island.
Film maker George Lucas talks about the future of moviews with with Bloomberg Television special correspondent Willow Bay at the Milken Institute 2012 Global Conference in Los Angeles. They speak on Bloomberg Televison's "Bloomberg West." (Source: Bloomberg)
Barry Sternlicht, chairman and chief executive officer of Starwood Capital Group LLC, said he plans to more than triple the firm’s investments in Europe as returns on real estate on the continent are among the highest.
T. Boone Pickens, chairman of BP Capital talks about the outlook for the natural gas industry. He speaks with special correspondent Willow Bay at the Milken Institute 2012 Global Conference in Los Angeles on Bloomberg Television's "Money Moves." (Source: Bloomberg)