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The Latest Opinions From Bloomberg View

September 10, 2014

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WALL STREET
The Editors:"Four years ago, Congress gave U.S. regulators powerful tools to reduce the threat that the country's largest banks present to the economy. Now the Federal Reserve, under Chair Janet Yellen, looks like it's finally getting ready to use them."
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Matt Levine:"Mathew Martoma was sentenced to nine years in prison for insider trading, and you cannot say the day was full of surprises for anyone. ... Martoma's inside information made his employer, SAC Capital, $276 million. So he was looking at something on the high end of historical insider trading sentences. And that's what he got."
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TECH
Leonid Bershidsky:"Apple established itself as the world's biggest fashion company by releasing a smartwatch that is more about beauty and variety than about technology. ... Though Apple Chief Executive Officer Tim Cook seemed enthusiastic about the watch's useful features, they are too boring to discuss -- particularly in comparison to the Apple Watch's beauty as an object."
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SPORTS
Kavitha A. Davidson:"The NFL's disastrous handling of the Ray Rice situation has led, predictably, to calls for Commissioner Roger Goodell's resignation. ... You'll excuse me if I'm just a bit cynical to our prospects of actually ousting Goodell, or even that it would actually result in any change for the better."
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Stephen L. Carter:"The National Football League, in explaining why it didn't take tougher action before against Baltimore Ravens running back Ray Rice, has said that it never saw the now-viral video of Rice striking his future wife Janay in the elevator. ... If TMZ is right, and the league never even asked for a copy of the tape, then to call the original punishment process a mistake is ... rather mild."
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Mac Margolis:"When the Ultimate Fighting Championship came to Rio de Janeiro, in mid-2011, some aficionados were skeptical. This was the land of futebol, after all, where the idols glissaded on grass. Would anyone turn out to see men in spandex go at each other in a wire cage? Silly question."
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INVESTING
Barry Ritholtz Chart:"The European Central Bank announced its latest -- and belated -- program of quantitative easing last week. ... The ECB's brand of quantitative easing is an incredibly complex process."
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MIDTERM ELECTIONS
Francis Wilkinson:Hillary Clinton "will be traveling this weekend to Iowa -- a state far more special than yours -- to attend Democratic Senator Tom Harkin's fish fry. What's most remarkable about the trip is how rare this kind of politicking is by someone who, by all accounts save her own, is a leading candidate for president in 2016."
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Jonathan Bernstein:"Ready for some wild and irresponsible speculation? It's about how Senator Charles Schumer and a few other Democratic stalwarts could find themselves in trouble soon. How's that, you ask?"
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UKRAINE CRISIS
Marc Champion:"A cease-fire is agreed in Ukraine, and the European Union responds by imposing sanctions on Russia. Then the EU hurriedly meets again to delay the sanctions it just agreed on. How does this make sense?"
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HEALTH-CARE REFORM
Megan McArdle:"Last week, we finally learned the prices for the new benchmark plans for Obamacare. The good news: Prices are falling slightly. The bad news: Contrary to optimistic early reports, that doesn't mean that everyone's costs are falling; consumers will have to be attentive to make sure that their costs don't go up. The worse news: We won't actually know what effect the Affordable Care Act is having on insurance prices until 2017."
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IMMIGRATION
Ramesh Ponnuru:"Washington has been debating what to do about immigration for years. Until recently, nobody thought it would be proper for the president to legalize millions of illegal immigrants by himself."
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WOMEN
Davidson:"Graphic footage of Ray Rice beating his wife has finally forced the Baltimore Ravens and National Football League to stop their campaign to blame the victim. Unfortunately, the public has no such mandate."
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Ponnuru:"Women are slightly more liberal than men. So long as they remain the relatively conservative party, Republicans are going to do better among men than among women. ... To win presidential elections they need to do better among men and women, but there is no reason to think that doing that requires addressing a distinctive problem they have with women."
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ISRAELIS/PALESTINIANS
Daniel Gordis:"Is a breakthrough in the Israeli-Palestinian conflict suddenly emerging, or is renewed war with Hamas imminent? Given that this is the Middle East, it should come as no surprise that there's movement in both directions."
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CARS
Edward Niedermeyer:"Chinese leadership appears eager to boost the market for what it calls new-energy vehicles (plug-in hybrids, as well as electric cars and fuel-cell vehicles), a notable effort given the country's well-known air-pollution problem, not to mention its desire to lessen energy dependence and build a strong domestic auto industry. ... Will China be the new frontier of EV popularity, as BMW and some analysts seem to believe? Everybody slow down."
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