As a Francis Bacon triptych sold for $142.4 million at a New York auction last night, the city popped with fundraising, retail excursions, Harvey Weinstein film showcases, and a heavyweight boxer in the ring at the New York Public Library.
In the aftermath of the U.S. government shutdown and a close call with default, there is a political consensus among Democrats, many Republicans, establishment conservatives, business leaders and the inside- the-Beltway commentariat: Senator Ted Cruz of Texas and Tea Party members in the House have done grievous harm to themselves and their brand.
Consistency, consistency, consistency. Very few companies manage to consistently outperform, whether the metric is earnings growth, sales growth, or stock performance. As deal maker Marshal Sonenshine of Sonenshine Partners explained to the Bloomberg Surveillance team this morning:
We swoop down through the clouds to the Coliseum grounds. We see senators, centurions, aqueducts, Caesar, bloody-handed Brutus, Roman baths. So far, we might be watching a cheesy educational video about ancient Rome or a really bad movie preview.
July 9 (Bloomberg) -- Steve Forbes, chairman and chief executive officer of Forbes Inc., talks about tax policy, and the impact of Spain's 10-year debt yield on the U.S. stock market. Forbes speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Texas Governor Rick Perry’s tax plan is an attempt to solve a problem that no Republican has yet overcome: how to make a flat tax politically palatable. The result he came up with is a proposal that is neither flat nor attractive.
Side with us, or lose a house. That’s essentially what Gary Thomas, president-elect of the National Association of Realtors, was saying this week at the Republican convention when he warned against the elimination of the mortgage-interest deduction.