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United States

Kevin Allison

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Dec 30 2016

Dominican Republic economy faces tricky crosswinds

(Reuters Breakingviews) - The Dominican Republic's beneficial perfect storm won't keep blowing forever. The Caribbean nation of 10 million has notched the strongest economic growth in the Western Hemisphere for the third year running - over 6 percent for 2016, according to U.N. estimates. President Danilo Medina, who cruised to a second term in May with over 60 percent of the vote, has made the most of the favorable climate.

Dec 27 2016

Rate hikes will help U.S. pensions, but not enough

CHICAGO (Reuters Breakingviews) - Interest-rate hikes will help America's underfunded public pensions in 2017. Relief could be fleeting, however, especially if the U.S. economy falters. Illinois and Dallas, in particular, are canaries in a $1 trillion coal mine.

Dec 16 2016

Energy Dept choice pits Trump against bureaucracy

CHICAGO (Reuters Breakingviews) - Donald Trump's choice of Rick Perry to head the U.S. Department of Energy may accelerate the inevitable clash between the president-elect and Washington's bureaucrats. It would be a mistake for Trump to underestimate their ability to slow-roll his agenda.

Dec 15 2016

3G will take another bite of Corporate America

CHICAGO (Reuters Breakingviews) - The Brazilian billionaires at 3G Capital that turned Kraft Heinz and Anheuser-Busch InBev into mega-acquisition machines will dive back into the buying business in the coming year. Their next target should be Mondelez, the $66 billion food conglomerate that failed to coax chocolate-maker Hershey into a sale in 2016. A deal will require some unusual ingredients.

Dec 14 2016

Exxon's new boss will confront the end of empire

CHICAGO/MADRID (Reuters Breakingviews) - Exxon Mobil's next chief executive will confront a weakened empire in 2017. With current boss Rex Tillerson selected as Donald Trump's secretary of state, likely successor Darren Woods will take charge of the $380 billion oil giant amid still-weak prices and falling reserves.

Dec 06 2016

JBS delivers a cleaner cut on second carve-up

CHICAGO (Reuters Breakingviews) - JBS sharpened its carve-up blade. The $8 billion Brazilian meatpacker filed on Monday to list its overseas business again after a government shareholder nixed an earlier plan that could have put the Sao Paulo-based rump under control of a foreign parent. The new deal should lower capital costs, but with fewer complications.

Nov 15 2016

Buffett's love for moats trumps fear of flying

CHICAGO (Reuters Breakingviews) - Warren Buffett beats up on few industries with the regularity of American airlines. In a 2007 investor letter, the Sage of Omaha, still smarting from an errant $358 million investment in USAir two decades earlier, called the sector a "bottomless pit" for capital. He quipped that investors would've been better served if aviation pioneer Orville Wright had been shot down at Kitty Hawk. Now his Berkshire Hathaway is sinking more than $1.3 billion into the four largest U.S. carriers. What gives? It's simple - Buffett's love of competitive moats has trumped his fear of flying.

Nov 14 2016

Harman sale grooms stallion instead of unicorn

CHICAGO (Reuters Breakingviews) - Samsung is riding a stallion instead of a unicorn into the driverless revolution. Despite no stated cost savings, the 28 percent premium the Korean electronics group agreed to pay for connected-car supplier Harman International is reasonable. The likes of Alphabet's Google are investing heavily to invent the automotive future as General Motors and others bet on risky startups. This deal suggests there are safer ways to play a mega-trend in the making.

Oct 21 2016

Reynolds will struggle to smoke out better deal

BAT's $47 bln offer for 58 pct of the tobacco group is at 16 times EBITDA - more than Reynolds paid for Lorillard last year. BAT's big stake will deter rivals. Recent lackluster earnings and a new CEO may also filter Reynolds' ability to push a decent price noticeably higher.

Sep 27 2016

Gas deal pushes limits of U.S. energy M&A thaw

Rice Energy's $2.7 bln swoop on Vantage, which was planning an IPO, follows transactions in oilier shale regions. Paying partly in shares will limit debt, but unlike in EOG Resources' recent deal, Rice's shares fell. Maybe gas isn't yet inspiring the same animal spirits as oil.

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