Bloomberg Business

Supreme Court Rejects Appeal Backed by The Onion

The US Supreme Court turned away an appeal from a man arrested for making fun of his local police department on Facebook in a case that inspired the parody site The Onion to file a brief saying its “highly acclaimed, universally revered coverage” was under threat.

Italy Faces Upward Deficit Revisions on ‘Reckless’ Stimulus Plan

(Bloomberg) — Italy will likely revise up its budget deficit for recent years, potentially bringing it near to 10% of last year’s gross domestic product, as it incorporates the cost of a tax break the country’s finance minister recently branded “reckless.”

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