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The Latest Opinions From Bloomberg View


October 4, 2014

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TEch

Katie Benner: "When hackers broke into JPMorgan Chase's computer systems they nabbed name and contact information for 83 million households and small-business accounts. ... If 2014 was the year of the high-profile breach headline, 2015 may give us the year of the re-breach, with big brands getting publicly hit again and again."
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Middle East

Daniel Gordis:"Yom Kippur is an ancient tradition. ... It is one of the few Jewish holidays utterly unconnected to a particular historical event. Until recently, that is. In Israel, the Yom Kippur War in 1973 changed all that."
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Immigration

Francis Wilkinson: "More than 48,000 unaccompanied minors crossed from Mexico into the Rio Grande Valley in the past year. Children and adults leave a trail of possessions on the U.S. side of the river."
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Read the photo essay...

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Cars

Edward Niedermeyer:"True to form, Berkshire Hathaway's recent purchase of the Van Tuyl car dealership group has pushed up the share value of large dealership companies. ... But for anyone who thinks now is the best time to buy into car dealerships, a quick reality check may be in order."
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Midterm Elections

Jonathan Bernstein:"Quick thoughts on some midterm developments: 1. Former Republican Senator Larry Pressler, running for Senate as an independent in South Dakota, seems to be a live candidate (albeit a Bateson class candidate)."
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Law

Stephen L. Carter: "A federal court last week unsealed an opinion detailing a particularly egregious -- some would say horrifying -- series of missteps by the Drug Enforcement Agency. ... This time, the DEA turns out to have mistreated one of its own informants."
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Bonds

Barry Ritholtz: "Bill Gross, founder of Pimco, and its chief investment officer for the past 40 or so years, resigned last week. Rumor has it that he was but two steps ahead of a mutinous gang, swords out, planning to make him walk the plank."
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Real Estate

Jonathan J. Miller: "It's pretty much universal knowledge that Manhattan real estate is expensive. What isn't so well known is what's happening at the top of the market: Price increases have been crazy."
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Federal Reserve

Noah Smith: "The Fed, fundamentally, is a bunch of academics. ... Understanding econ academia is important to understanding the Fed. That means wading into the odd, brilliant, dysfunctional culture that is macroeconomics."
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Work

Megan McArdle:"The other day, I noted in passing that it is arithmetically impossible, except in some bizarre situation with little bearing on the real world, to make money by paying your employees more and thus enabling them to afford your products. Someone asked me to show my work."
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Europe

Marc Champion: "Here's the trouble with mainstream political parties adopting the policies of xenophobic or isolationist insurgents to win back votes: You can't cherry-pick such things. You become them. This is happening to the U.K.'s Conservative Party."
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Health

QuickTake:"Abortion clinics are closing in the U.S. at a record pace. In four states -- Mississippi, North Dakota, South Dakota and Wyoming -- just one remains. ... The new strategy adopted by abortion opponents, and the court battles it has set off, may define how far abortion rights can be limited without being overturned."
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