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A Quick Look at Bloomberg News's Opinion Section for July 27, 2012

MICHAEL R. BLOOMBERG: “One of the U.S. Senate's most pro-gun members
has paradoxically shown" how the battle for sensible gun regulations
might begin. Senator Tom Coburn “identified an indefensible tax -- the
ethanol subsidy -- isolated it and forced a vote on it. . . . In the
same way Coburn pointed out the ethanol-corporate welfare
contradiction, a pro-gun senator can point out the obvious: It’s
impossible to support police officers and law enforcement agencies and
also oppose giving them the tools they need to keep guns out of the
hands of dangerous people." [Read more]
Links:
1. http://bloom.bg/POy4L4

And THE EDITORS write: “In the interest of transparency, comity and
public improvements -- roads and bridges need maintenance sooner or
later -- we propose an end to the ban on earmarks, albeit with a
twist." [Read more] In the U.K., THE EDITORS write, with 0.7 percent
contraction in the second quarter, “there’s no longer much question
about it: Prime Minister David Cameron’s government needs to loosen up
its austerity-focused fiscal policy.” [Read more]
Links:
3. http://bloom.bg/OnLyw4
4. http://bloom.bg/OnLLiS

JEFFREY GOLDBERG: Don't count on Mitt Romney to resolve the Israel-Iran
conflict. "Barack Obama is the one who's more likely to confront Iran
militarily, should sanctions and negotiations fail." [Read more]
Links:
5. http://bloom.bg/PNGe6c

WILLIAM PESEK: The “uniform-gate” controversy over U.S. Olympic outfits
is “nothing more than a ready-made excuse to beat up on that economic
bogeyman, China, which replaces the Soviet threat of old in a U.S.
election year.” [Read more]
Links:
6. http://bloom.bg/MMs7vh

JONATHAN WEIL: The ill-advised consulting contract between Freddie
Mac’s outside auditor and the Federal Housing Finance Agency is another
example of government’s incompetency at overseeing large financial
institutions. “Auditors are supposed to be watchdogs for the public,
not beholden to their clients.” [Read more]
Links:
7. http://bloom.bg/OnLWea

JONATHAN ALTER: President Obama’s “you didn’t build that” phrase was an
honest gaffe. Business has received crucial help from the government
over the years. “It’s the DIY libertarians -- who deny our 223-year
nexus between government and business -- who are out of sync with U.S.
history.” [Read more]
Links:
8. http://bloom.bg/OnNMM1

STEPHEN CARTER: The penalties against Penn State will fall on the
people who don’t deserve it. But "this is precisely what enterprise
liability does and what it is designed to do." [Read more]
Links:
9. http://bloom.bg/OnNSmT

KIM SCHOENHOLTZ and LAWRENCE WHITE: How do we ensure that a Libor-like
scandal won’t happen again? “Wherever feasible, benchmarks for
financial contracts should derive from actual transactions, not
surveys, as is the case with Libor.” [Read more]
Links:
10. http://bloom.bg/OnO19U

PANKAJ MISHRA: “Is state capitalism more or less innovative or
competitive than its free-market rival?” Part II of a two-part series.
[Read more]
Links:
11. http://bloom.bg/OnOusD

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