Senior Editor, Bloomberg Markets Magazine, Bloomberg News
Senior Editor, Bloomberg Markets magazine, Bloomberg News, London
bloomberg.com — Coffee houses hold a special place in London 's history. During the late 17th century, they were the birthplace of Lloyd's of London and the London Stock Exchange -- two institutions that helped make the square-mile City of London a global financial capital.
bloomberg.com — There may be no government action more universally reviled in the U.S. than bank bailouts. Republicans and Democrats, financial industry lobbyists and watchdogs, Wall Street executives and President Barack Obama say taxpayers should never again rescue a failing bank. To make sure a future crisis won't force governments to intervene, international regulators are requiring the biggest banks to borrow less.
bloomberg.com — Half of London's new-home buyers come from abroad as the city's reputation as a safe haven attracts rising investment and sustains development. Foreigners spent more than 3 billion pounds ($4.7 billion) on new homes in the U.K. capital last year, a 25 percent increase from 2011, broker Jones Lang LaSalle Inc.
bloomberg.com — Nat Rothschild, dressed in a hooded sweater, jeans and hiking boots, perches on a cowhide sofa in his relatively modest chalet-style apartment in the Swiss ski resort of Klosters. He recalls the fateful day in October 2010 when, as he scanned the globe for business opportunities, he first heard the word Bumi, Bloomberg Markets will report in its June issue.
bloomberg.com — German Finance Minister Wolfgang Schaeuble said that Cyprus needs a bailout to avoid default and to remove the risk of contagion to other euro nations, as he made the case to lawmakers to aid a fifth crisis-ravaged state. "We must avoid turning the problems in Cyprus into new problems for other euro countries," Schaeuble told the lower house in Berlin today.
bloomberg.com — Defense Secretary Chuck Hagel will rescind a special medal announced in February for operators of unmanned drones, instead establishing a "distinguishing device" to be affixed to existing medals, according to a Pentagon statement. Hagel's predecessor, Leon Panetta, established the Distinguished Warfare Medal in February to recognize the achievements of a small number of drone operators flying the aircraft.
realclearpolitics.com — Margaret Thatcher, who died Monday at 87, ranks with Winston Churchill as the only British prime ministers who had a powerful impact on U.S. presidents and American public opinion. Indeed, in some respects Thatcher had an even greater influence on Ronald Reagan than Churchill did on Franklin D.
go.bloomberg.com — Margaret Thatcher spoke about Europe mainly in terms of what she didn't want: neither a "narrow-minded, inward-looking club" that is "ossified by endless regulation," nor "an institutional device to be constantly modified according to the dictates of some abstract intellectual concept."
bloomberg.com — Margaret Thatcher is keeping a record number of Britons in work, nearly 30 years after her policies drove unemployment to the highest in living memory. Slammed in swathes of northern Britain for shutting down industries from shipbuilding to mining, Thatcher's vision of the job market has now led to 29.8 million people in work at the end of December, more than at any time in history.
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