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}A daily digest of opinions and analysisOne Reason North Korea Isn't Bowing to PressureThe Hermit Kingdom was slapped with still more sanctions this week, but the international community’s go-to punishment may not be as effective as you think. David Volodzko explains why this largely poor and dysfunctional country is (for the moment) cushioned by strong economic growth. Private Information Is a Casualty of ModernityYour personal finances are a mystery to your neighbors, but not to the faceless entities that trade in your data. Life feels private, but it has never been less so. Why not? Borrowing a concept from anthropologist James C. Scott, Megan McArdle argues that the very way we make sense of the world puts us at risk.Rising Incomes Don’t Mean Much in the Rising-Debt EraSure, the median American household earned a record-high $59,000 last year. But the gap between rich and poor also widened to a new record. Danielle DiMartino Booth takes stock of the many millions of Americans whose paychecks only cover the basics (and their increasingly hefty loan repayments).Republicans Need a Tax Plan for 2017, not 1981If the GOP has one priority this year, it’s tax reform — but nostalgia for Reagan-era rate cuts is blinding the party to new realities. Ramesh Ponnuru says today’s Republicans need to grapple with four major differences between our time and the Gipper’s.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsWall Street titans grow wary of aging rally in U.S. stocks (Financial Times)The voting commission is a fraud itself. Shut it down. (Washington Post)Bonds and balls: How debt trading saw me through the U.S. Open (Bloomberg)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyPharma keeps ignoring its price problemPrivate bankers love this four-letter wordVenture capitalists shouldn’t drink the coffee(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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