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The Latest Opinions From Bloomberg View


October 9, 2014

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bloombergview.com

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JOBS

The Editors: "The impasse in Washington over President Barack Obama's push to raise the minimum wage has been good for America. The jump from the current $7.25 federal floor to his proposed $10.10 would be too high, too fast, in too many parts of the country."
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North Korea

William Pesek: "The world tends to roll its eyes at the verbal grenades North Korea tosses around so gleefully and indiscriminately, and rightfully so. Funny how we're all so scared now that Kim Jong Un has gone silent."
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Cities

Jim O'Neill: "For much of the past 12 months, I've traveled around the U.K.'s great cities, discovering or rediscovering their rich diversity and depth."
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Noah Smith: Zappos.com chief Tony Hsieh's Las Vegas downtown project "seems to be in a state of collapse, following layoffs, infighting, and the seeming withdrawal of Hsieh himself from the direct management of the project. The dream may live on, but this incarnation of it looks dead."
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Investing

Barry Ritholtz: "Humans are terrible at forecasting the future. We are bad at predicting the economy and terrible at forecasting markets. The data shows we can't even predict our own behavior."
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Russia

Leonid Bershidsky: "The ruble's downward journey reflects the economic structure that makes it possible for President Vladimir Putin to remain popular."
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European Economy

Mohamed A. El-Erian:"Judging from the recent remarks by European officials, policy positions are hardening once again in the euro zone. Fueled by disappointing economic performance, the risk is that the deepening difference in views in Europe will further complicate a much-needed recovery. This is regrettable because it need not be so."
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News Roundup

Jonathan Bernstein
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(Read the news roundup)

- Advice to candidates from Seth Masket: Flip-flopping won't hurt you, but extremism will.
http://click.email.bloomberg.com/?qs=a7fb35fc4b3edf9ff4e17deba9bfdc7f00eda88ffeebaf34f6a7c993837e86af
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- Greg Sargent looks at the choices facing Democrats in that (potentially) wild South Dakota Senate election.
http://click.email.bloomberg.com/?qs=17133763907e5b2e535b85623365f7d52a76d6fca6e69fb7de3a8e445066223e
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- The most bogus attack against incumbents?
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Matt Levine
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(Read the news roundup)

- Venture vs. IPOs.
http://click.email.bloomberg.com/?qs=17133763907e5b2e85d48192c6b70861759d0f476b458f47c210bc4151365aaf
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- Some rigging.
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- Bill Gross's new bond fund added $66.4 million in September.
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Barry Ritholtz
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(Read the news roundup)

- Q3 earnings season in the spotlight:
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- Undervalued posts from the financial blogosphere:
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- What the dollar's rise tells us about the global economy:
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