Billion-Dollar Loopholes and the Trouble With Trump

(Bloomberg View) -- My winter solstice morning train reads:

  • Money Talks: Blackstone, Carlyle, KKR dial up donations to key GOP lawmakers as tax bill protects carried interest loophole (Fox Business)
  • The Slow Death of the American Mall (Wall Street Journal)
  • Google Maps’s Moat (Justin O'Beirnebut see Apple’s Growing Bet on Hardware (Above Avalon)
  • The Billion-Dollar Loophole (ProPublica)
  • How the baby boomers inherited a rich, dynamic country and gradually bankrupted it (Vox); see also Why millennials are facing the scariest financial future of any generation since the Great Depression. (Huffington Post)
  • Bartlett: After tax cuts, Republicans may suddenly find Trump is more trouble than he’s worth (USA Today)
  • Climate change is the story you missed in 2017. And the media is to blame (the Guardian)
  • How to Make a Mint: The Cryptography of Anonymous Electronic Cash, Circa 1996 (MIT)
  • European Ruling Buries Uber’s Platform Myth (Bloomberg View); see also If Uber Is a Taxi Firm, Airbnb Looks a Lot Like a Hilton (Bloomberg Businessweek)
  • The Year in Pictures 2017 (New York Times)

What are you reading?

How Tech Companies Own Your Day

Billion-Dollar Loopholes and the Trouble With Trump

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”

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