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A Quick Look at Bloomberg News's Opinion Section for July 9, 2012

THE EDITORS: Penalty? Tax? “Both words describe situations where the
government demands payment from someone for something. There are
penalties that clearly are not taxes, such as jail time for committing
a crime, and there are taxes that are not penalties, like the Social
Security or Medicare payroll taxes. Then there are penalties that are
also taxes. Like the individual mandate." [Read more]
Links:
1. http://us2.campaign-archive1.com/?u=98bac6cd6075b07f398b277fa&id=cc9a76208f&e=002874f745
2. http://bloom.bg/PCCiYm

AL HUNT: Let's chart the election: “If the race is decided by two
percentage points or more the electoral map won't matter; if it's less
than that, the president has a slight advantage with the map.” [Read
more]
Links:
3. http://bloom.bg/PCCxlZ

PANKAJ MISHRA: “The economic misfortunes of Europe and America have
inspired glee among some Asian leaders and commentators, especially
those who champion ‘Asian values.’" But these values are often
self-flattering, hollow or out of context. [4][Read more]
Links:
4. http://bloom.bg/PCCIhj

SIMON JOHNSON: Banks are required to devise "living wills" to contain
failure and make it manageable. But in an era of global finance, these
directives “are shockingly incomplete and flawed in one crucial aspect:
They neglect to explain how cross-border assets and liabilities would
be handled in different legal jurisdictions.” [Read more]
Links:
5. http://bloom.bg/PCD5bI

SUSAN CRAWFORD: “As pressure mounts on Google to change its practices,
it's not clear whether antitrust regulators are asking the right
questions.” After all, Google’s not just a search engine any more.
[Read more]
Links:
6. http://bloom.bg/PCDhrj

WILLIAM COHAN: Anyone who works on Wall Street or has a brokerage
account and wants to make a legal claim against an employer or broker
must submit to a Finra arbitration process. It “constitutes one of the
largest ongoing abdications of legal rights in the U.S., and nobody
seems to be bothered enough to rectify it.” [Read more]
Links:
7. http://bloom.bg/PCDquM

JED KOLKO: Housing prices are on the rise. To ensure that we don’t
inflate another bubble, “we must not encourage homeownership and
housing construction beyond what our income and demographics can
support.” [Read more]
Links:
8. http://bloom.bg/PCDydO

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