And plenty of reaction to the biggest deals. This checks all the boxes. Oracle is making a desperation move to boost their cloud revenue. David where did money move this year, and why . We revisit reflections from investment insiders. Etfs are sharpening volatility. I think what we see is a play to quality. We are in a low return world. Those are the three most important words to remember. I am not predicting calamity but i am sitting on a lot of cash. David join us for a look back at 2016 straight ahead on bloomberg best. David hello, i am david westin. Welcome to a special edition of bloomberg best. We will review the most important business announcements and interviews for the United States and the americas in 2016. Without a doubt one of the most globally significant events was the u. S. President ial election. This kicks off our year in review. Lets turn to the race for the white house and the results of super tuesday. On the democratic side hillary , clinton jumped out to a big l
A little flatness for the kospi. A mixed start to the trading day. Most markets are shocked because of the Christmas Day and boxing becausedays are shut of the Christmas Day and boxing day holidays. The chinese economy shows no signs of faltering after three months of 6. 7 growth. Private Service Companies reported their momentum was the best since august, 2014. Bloomberg intelligence says the expansion picked up to about 7 last month. Toshiba may take a loss on its business in the u. S. , but there are conflicting estimates of how much. This coming after the acquisition of a Power Services business by westinghouse last year. There is a dispute over the units values. The nikkei puts the expected loss at around 850 million. Nha expects that to be 4. 2 million. Sony music has apologized to Britney Spears after its twitter account was hacked and falsely reported the popstars death. It comes to have years after a major cyber attack rippled the companys film division. Sony says the issue ha
Also known as anwr including offshore areas, from future energy development. By declaring these lands wilderness, Permanent Development of any kind including roads would be prohibited. Environmental activists have reacted with elation. From their perspective, alaskas wildlife refuge is a National Treasure that must be preserved at all costs. But alaska lawmakers are furious. They believe the federal government is impeding American Energy independence. Heres 14year senior senator from alaska, republican Lisa Murkowski echoing the position of Ronald Reagan in 1987 recommending Oil Development in the refuge and denouncing the barack obama designation of alaska as a wilderness. We feel that this is a frontal attack on the state of alaska and our ability to develop resources for the good of alaskans and for the good of the country. This is not just about alaska. Our oil comes to you guys, down here. If you think senator murkowski sounded angry, listen to how 40plus years in Congress Alaska
Matthew Kahn, Siqi Zheng
The large productivity gaps across regions or sectors within developing countries create an enduring development puzzle: Why do workers remain in low productivity areas when they could experience wage gains elsewhere (Gollin et al. 2014)? It is important to understand the drivers of worker location choices, as migration has the potential to produce substantial economic gains. The literature proposes a few explanations for the low rates of within-country mobility observed across the world: migration costs may be high, migration may be risky, and potential migrants may lose something valuable that they possess at home, that they cannot easily take with them.
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