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A quick look at Bloomberg News's opinion section

March 22, 2013 For more, visit
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FROM THE EDITORS

Cyprus: "Europe's handling of a bailout for Cyprus is looking more chaotic by the minute. Negotiations have descended into a three-way game of chicken among the island nation, Russia and the euro area's leaders. . . . What's amazing about this fiasco is that Europe's leaders had almost a year to think about how to avoid it."


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Drones:
"Is the Central Intelligence Agency getting an honorable discharge from the drone war? White House officials indicate that the Defense Department will eventually take over full operation of U.S. targeted killing operations abroad. . . . Yet this step is unlikely to offer much solace to Americans and others troubled by the idea that the government is killing people -- including U.S. citizens -- without due legal process in ways that might breach other nations' sovereignty and broaden support for al-Qaeda."


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COMMENTARY

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Stephen L. Carter

There's nothing new "in the efforts of White House officials -- or anybody else -- to influence what journalists write. The fascinating part is how controversial the practice once was. There was a time when it was thought unseemly, and perhaps unconstitutional, for the federal government to try to manage the news -- so unseemly, in fact, that Congress tried to make it illegal."

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William Pesek

Sandstorms in Japan are "compliments of China's boom. Thanks to deforestation and overgrazing, more and more of the Gobi Desert's grit, along with industrial pollution, is being carried by prevailing winds to Japan."

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Jonathan Weil

"One of the best parts about last week's Senate hearing on JPMorgan Chase & Co.'s London Whale trades is that we finally got a clear picture of whose side the regulators were on during the early days while the bank's executives tried to contain the unfolding debacle. . . . The regulators didn't merely keep quiet while JPMorgan spread falsehoods. Their silence made them complicit."

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Noah Feldman

"A Jewish boy in the northeastern U.S., I was raised on tales of the brilliant exploits of the Israeli intelligence agencies. So whenever Jonathan Pollard returns to the headlines -- as he has with President Barack Obama's visit to Israel -- I can still remember my horror when he was arrested for passing secrets along to Israel in 1985."

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Amity Shlaes

What's with all the green eyeshade references from Republican leaders? "The 'green eyeshade' refers to the tinted celluloid visor worn by accountants and other desk men in the days of rubber cement and cigarettes. . . . The popularity of an expired metaphor among Republican leaders betrays a flaw in the party of Reagan that could prove costly to its future."

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A. Gary Shilling

"The huge fiscal and monetary stimulus dispensed in recent years has staved off the onset of chronic deflation. For now. The deficits created by this spending would be inflationary only if the measures occurred in a period of full employment and created excess demand. That isn't the case in the U.S., where the large budget shortfalls are a response to private-sector weakness that has depleted tax revenue."

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Christopher R. Knittel

"Opponents of the Keystone XL oil pipeline warn of its potentially catastrophic consequences. Building it, climate scientist James Hansen says, would mean 'game over' for the climate. . . . Are they all just crying wolf and using Keystone XL as a proxy battle against oil?"

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FROM THE BLOGS

The Ticker

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Matthew C. Klein on making Edward DeMarco a scapegoat for the housing mess
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Echoes

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Eric Rauchway on how Franklin D. Roosevelt ended the gold standard
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The Ticker

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Josh Barro on Arkansas's deal for expanding Medicaid
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