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A quick look at Bloomberg News's opinion section

September 14, 2012 For more, visit
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FROM THE EDITORS

U.S.: "Without muss or fuss, Congress just voted overwhelmingly to keep the federal spigot open for six more months." If last summer's debt-ceiling fight "was necessary to save the country from fiscal wrack and ruin, why is this fall's continuing resolution, as the measure is called, not a threat to Western civilization?"


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Egypt: After a mob overran the U.S. embassy in Cairo this week, it took a full day for Egyptian President Mohamed Mursi to "say his government was committed to protecting foreign missions. . . . His too-little, too-late responses left the ground fertile for further unrest."


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France: While they were battling over taxes, French President Francois Hollande and billionaire Bernard Arnault, who recently applied for Belgian citizenship, "may have missed a golden opportunity to find common ground on restoring growth to their country's beleaguered economy."


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COMMENTARY

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Jonathan Alter


Mitt Romney's remarks on Libya and Egypt made him seem "simultaneously unpresidential, untruthful and unwise. . . . Accusations that the Obama administration is somehow 'sympathizing' with terrorists are false and, well, pathetic."

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Stephen Carter


Mitt Romney's recent foreign policy remarks are a reminder that "the old saw that 'politics stops at the water's edge' is just that -- an old saw. . . . Being commander-in-chief of a nation under threat is no longer viewed as providing an immunity from criticism. The truth is, it never was."

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Ezra Klein


Is this a tax plan even Grover Norquist could get behind? "Given a choice between taxing work and income on one hand, or taxing carbon on the other, the preference is clear: Tax carbon, especially as part of a deal to lower overall tax rates."
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Jonathan Weil


"Now is as good a time as ever to fess up to long-overdue red ink. The stock market is surging, and the Federal Reserve and European Central Bank are doing all they can to prop up the industry. Booking pent-up losses gets bad news into the past and helps banks build credibility."

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William Pesek


In China, "no one will say where Vice President Xi Jinping is. These events should serve as a useful reminder to anyone who thought that as China advances on the global stage, the government would adopt international norms of transparency."

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Noah Feldman

"The great danger to the Chinese Communist Party posed by Xi's disappearance is that it calls into question the regularity and predictability of the transition. The speculation about Xi's whereabouts is harmful not primarily because of its content, but because it reminds the Chinese public that the transition may not be smooth, after all."

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Alex Marshall


There's an accepted idea "that some sort of independent, free-standing market exists with its own laws. . . . But this so-called free market doesn't exist, not even as a valid concept. Governments create markets. Government is responsible for every aspect of the market economy, from writing the laws to define private property, corporations and intellectual property, to building the roads on which commerce depends."

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FROM THE BLOGS

The Ticker

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Deborah Solomon on the impact of QE3
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The Ticker

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Marc Champion on how the Dutch elections offer hope for Europe
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The Ticker

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Josh Barro on why Romney can't be trusted on health care
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