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SHARE THE VIEW

A quick look at Bloomberg News's opinion section

August 1, 2014For more, visit
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WALL STREET

The Editors: "The Government Accountability Office has issued a long-awaited study on the hidden subsidies that large U.S. financial institutions enjoy. Many will read it as evidence that the Dodd-Frank Act has ended the threat that big banks pose to taxpayers and the economy. That conclusion would be unduly optimistic."
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Matt Levine: Is there still a too-big-to-fail subsidy for big banks? "The answer is no-ish but it's complicated. It's complicated in part by the fact that the GAO ran 42 different regression models, and they all got different answers."
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IMMIGRATION

The Editors: "House Republicans today killed their own bill on the immigration crisis, which may be just as well: It wasn't a bill so much as a meta-bill. Which is to say it was designed not to address the problem of scores of thousands of child immigrants showing up at the U.S.'s southern border, but the problem of Democrats saying House Republicans had failed to address the problem."
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MIDTERM ELECTIONS

Jonathan Bernstein: "No, there is no Republican lock on the House of Representatives. They're going to keep the chamber this year, and any incumbent party always has an advantage. But after this year? Too early to know."
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FOOD

Mark Gilbert's Trade of the Day:
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Vodka's getting bubbly

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WORK

Leonid Bershidsky: "A growing number of wealthy entrepreneurs are speaking out about the need for people to work less and do it in more flexible formats than the traditional 40-hour workweek. ... The problem is that people who work fewer hours make less money, and not just because they put in fewer hours."
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INDIA

Chandrahas Choudhury: Last week, India's newly elected prime minister, Narendra Modi, prescribed controversial books to the schoolchildren of Gujarat, the western state where Modi previously served as chief minister -- "books that describe an 'undivided India' that encompasses the nation-states of Pakistan, Afghanistan, Tibet, Nepal, Bhutan, Myanmar, Bangladesh and Sri Lanka."
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SHARE THE VIEW

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