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Economy

Employees work on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ford announced it will invest $500 million to upgrade the plant to support production of the new 2.7-liter EcoBoost designed for 2015 F-150.

Photograph by Ty Wright/Bloomberg

Employees work on the assembly line installing parts on the Duratech 35 V6 engine at the Ford Motor Co. Engine Plant in Lima, Ohio, U.S. on Friday, March 28, 2014. Ford announced it will invest $500 million to upgrade the plant to support production of the new 2.7-liter EcoBoost designed for 2015 F-150.

Bloomberg by the Numbers: 74

It took 74 months for U.S. private employment to exceed the pre-recession peak of 116 million in January 2008. Payrolls excluding government agencies rose by 192,000 workers in March, bringing total private employment to 116.1 million, according to the Labor...

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A journalist drives a Toyota i-Road in Tokyo.

Photograph by Yoshikazu Tsuno/AFP via Getty Images

A journalist drives a Toyota i-Road in Tokyo.

Toyota Keeping Lawmakers Happy

Tired of waiting to (finally) get your turn to question that Obama administration official at your subcommittee hearing? Bored of floor debates on bills that will never go anywhere? Toyota has a solution for you, just a few blocks away...

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An attendee during the Inside Bitcoins conference in New York on April 7, 2014.

Photograph by Jin Lee/Bloomberg

An attendee during the Inside Bitcoins conference in New York on April 7, 2014.

Bitcoin, Pot Ripe for Congressional Action — (Don’t Hold Your Breath)

Bitcoin and marijuana are among the issues on which Congress should provide clarity — though probably won’t this year — Rep. Jared Polis says. “In general, it’s better for Congress to reasonably consider these things and provide a uniform statutory...

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Frank: High-Frequency Trading Deserves Congressional Hearings

Flash: Former House Financial Services Chairman Barney Frank says Congress should hold hearings into high-frequency trading to see if the “transformative” technology has out-stripped the federal government’s regulations intended to police it. “I think there should be serious inquiries,” the...

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A job seeker at the Recruit Military veteran job fair in San Diego.

Photograph by Sam Hodgson/Bloomberg

A job seeker at the Recruit Military veteran job fair in San Diego.

Veterans Seeking Capitol Hill Work Gain Their Own Caucus

Congress repeatedly has urged employers to do more to hire veterans — even creating an “I Hire Veterans” initiative through the bipartisan Congressional Veterans Jobs Caucus in 2012. The campaign encouraged private businesses and lawmakers to display an “I Hire...

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Senator Sherrod Brown, a Democrat from Ohio, in Washington, D.C.

Photograph by Brendan Hoffman/Bloomberg

Senator Sherrod Brown, a Democrat from Ohio, in Washington, D.C.

Brown: Banking Bill Moribund — Boehner ‘Speaker of Tea Party’

Sen. Sherrod Brown, co-sponsor of a bill to prevent any one financial institution from growing so large that it could jeopardize the economy or require another federal bailout, sees little likelihood of anything passing this year — not his plan,...

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Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego, California, on Feb. 27, 2014.

Photograph by Sam Hodgson/Bloomberg

Job seekers speak with representatives at the Recruit Military veteran job fair in San Diego, California, on Feb. 27, 2014.

Bloomberg by the Numbers: 59

Fifty-nine senators voted yesterday to renew extended unemployment benefits through May. The Senate passed a compromise negotiated by Rhode Island Democrat Jack Reed, Nevada Republican Dean Heller and eight other senators from both parties. “The Emergency Unemployment Compensation program, which...

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President Barack Obama looks over a student's work as he visits a classroom at Bladensburg High School in Bladensburg, Md. on April 7, 2014.

Photograph by Carolyn Kaster/AP Photo

President Barack Obama looks over a student's work as he visits a classroom at Bladensburg High School in Bladensburg, Md. on April 7, 2014.

Obama Goes to School in Biology

The president went to school in biology today. At Bladensburg High School, in Maryland just outside the District of Columbia, President Barack Obama was announcing the winners of Youth Career Grants. The project of the Departments of Education and Labor...

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