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The Latest Opinions From Bloomberg View


October 23, 2014

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Immigration

Francis Wilkinson: "With Ebola and Islamic State terrorists dominating our imaginations, the border features in political ads as the unhinged back door through which our nightmares enter. Despite such earnest warnings from deeply sincere political candidates, the border is not actually so bad."
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TEch

The Editors: "The U.S. auto industry is at it again, pushing elected officials to adopt policies that protect it from innovative new entrants to the marketplace. This time, the threat to the auto industry comes not from Japan but from Silicon Valley -- home of Elon Musk and his electric-car company, Tesla."
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Midterm Elections

Jonathan Bernstein: "There's more evidence Obamacare is here to stay. Take a look at the governor's races in nine states where Republican candidates have a decent chance of replacing Democratic incumbents."
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Clive Crook: "The most striking thing about the U.S. midterm elections is how little most of the country seems to care. It isn't as though nothing will change."
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News Roundup

Matt Levine
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(Read the news roundup)

- Credit Suisse made money.
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- What are hedge funds good at?
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- Potashfinger.
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Bernstein
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- Thomas Edsell has a must-read on parties, campaign finance and polarization.
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- As outside money grows larger and larger, candidates can't avoid negative campaigning, even if they want to.
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- Gabriel Arana writes about the possibility that Hispanics will "become white" and that the U.S. will therefore not become a majority-minority nation.
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Barry Ritholtz
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(Read the news roundup)

- How to become an equity fund manager:
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- China's slowdown is secular, not cyclical.
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- Lies investors tell themselves:
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Asia

William Pesek: "If Malaysian leader Najib Razak thought he already had problems at home, now he also needs to worry about a 'Jokowi effect' spreading from neighboring Indonesia."
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Pesek: "Daniel Loeb dumping his stake in Sony no doubt thrilled the company's executives. Now they can return to driving the one-time world leader into the ground without interference from that pesky foreign investor."
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Adam Minter: "What does Kenny G fear more than chapped lips from his saxophone reed? The answer: Chinese President Xi Jinping."
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Banking

Mark Gilbert: The days of the U.K. high-street bank "are surely numbered. In coming years, the spread eagle of Barclays, the black horse of Lloyds, the arrow-head triangle of NatWest and the not-quite-a-flower of Royal Bank of Scotland will fade away, victims of the Internet."
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Sports

Kavitha A. Davidson and Jonathan Bernstein discuss the World Series: Does momentum matter?
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