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A quick look at Bloomberg News's opinion section

March 27, 2013 For more, visit
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FROM THE EDITORS

Same-Sex Marriage: "After the first of two days of oral arguments on the constitutionality of same-sex marriage, it's clear the court can't ignore what other people think -- and can't afford to. Support for same-sex marriage has come from politicians, elected officials, professional athletes and the thousands gathered outside its doors this week. . . . The reason proceedings like these are public is that the court is as interested in forging consensus as following it."


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Italy: "Were it not for some shady derivatives trades carried out by the world's oldest bank, Banca Monte dei Paschi di Siena SpA, Italy's most recent parliamentary elections might have produced a government. When Bloomberg News on Jan. 17 broke the first details of derivatives transactions that the bailed-out Monte dei Paschi made to hide losses, the election campaign was in full flight. Many Italians were planning to vote for Pier Luigi Bersani's center-left Democratic Party. . . . Yet the Democratic Party ran the philanthropic foundation that, in turn, controlled Monte dei Paschi."


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COMMENTARY

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Cass R. Sunstein

The Supreme Court same-sex marriage arguments this week "pose an unusually stark choice among the radically different paths of heroism, restraint, not deciding and minimalism. The lawyers will be offering some highly technical arguments. But the competing analogies, and history's likely verdict, loom large in the background."

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Jeffrey Goldberg
"Operation Desert Schmooze, President Barack Obama's two-day charm offensive in Jerusalem, achieved its central goal of convincing Israelis that the U.S. president, to invert an ancient stereotype, doesn't have horns."

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Margaret Carlson

On immigration, the issue of foreign guest workers "removes the debate from the realm of the social and moral -- what do we owe the estimated 11 million undocumented immigrants here -- to the economic and practical. . . . Are Republicans poised to let comprehensive immigration reform go down this time over guest workers?"
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Noah Feldman

"The story of China's transportation revolution is an allegory of unexpected consequences and perverse incentives. It's also an invitation to think about what happens when markets take hold in an environment unaccustomed to them."

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Peter Orszag

"Roads, bridges and other infrastructure in the U.S. are steadily growing older and weaker. Given low interest rates and elevated unemployment, this is an ideal moment to invest in fixing them."

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A. Gary Shilling
"Of the seven varieties of deflation, five are already at work in the U.S. economy. . . . If persistent excess supply and weak demand for goods and services cause the CPI and the producer-price index to fall 2 percent to 3 percent per year, as I expect, those who predict inflation will be in for a big shock."
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Mario I. Blejer

"The financial crisis and its aftermath have raised questions about central banks and their mandates. In the past three decades, central banks adopted price stability as their sole goal. This led to the rise of inflation targeting as the key to monetary policy, and of its corollary, central-bank independence from political interference."
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FROM THE BLOGS

The Ticker

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Josh Barro on the fiscal impact of gay marriage
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Echoes

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Joe Martin on the hardest-hit country of the Great Depression
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The Ticker

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Francis Wilkinson's interview with Jack Balkin on originalism and gay marriage
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