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The Latest Opinions From Bloomberg View


November 6, 2014

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Midterm Elections

Michael R. Bloomberg: "Here's the big news from Tuesday's election: Faced with gridlock in Washington, more and more voters are turning to states and municipalities to do the work that the nation's capital seems increasingly unable to do. ... We can't give up on Washington -- there is no substitute for national action on many issues -- but we can't afford to wait for it, either."
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The Editors:The Republican Party's triumph Tuesday "was both deep and broad, encompassing two chambers of Congress, several state capitals and assorted demographic groups. The depth of the victory reinforces concerns about the nature and future of Republican conservatism; its breadth offers the promise of a more inclusive and moderate party."
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Mohamed A. El-Erian: The stock market is reacting positively to the midterm election results. "Yet the relationships are far from straightforward."
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Francis Barry: "Voters in 42 states decided 146 ballot measures on Election Day, according to Ballotpedia." Here are preliminary results from some of the most contested and intriguing referendums.
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Lanhee Chen: "Evidence from recent election cycles suggests Republicans have some distance to go in winning minority support in major elections." But there were indications from exit polls "that they may be making some headway with Asian-Americans, the fastest-growing minority group in the U.S."
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Albert R. Hunt:"There could be light at the end of the tunnel for Democrats after yesterday's devastating defeats in congressional and gubernatorial contests, but it's a couple years away."
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Francis Wilkinson and Alexander Bruns:"Across the South (using the expansive definition of political scientists Thomas Mann and Norman Ornstein), white congressional Democrats are close to extinction."
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Stephen L. Carter: "To call voting a responsibility of citizenship, as many do, is at best imprecise. Participation in governance might be said to be obligatory, but voting is only one form of participation, perhaps not the most important one."
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Entertainment

Zara Kessler: If anyone was doubting the persistence of Taylor Swift's star power or her transformation from country to pop, numbers released for her latest album, "1989," should silence the haters. "How has Swift gotten this far without more explicitly selling sex?"
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Leonid Bershidsky:"I cannot mourn Taylor Swift's removal of her back catalog from the Spotify streaming service. ... The only people who need all music to be on Spotify are the owners of Spotify. For the rest of us, and that includes musicians, a multiplicity of distribution models should do just fine."
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Asian Economy

William Pesek:"Just when one thought the 'Korean discount' might be a thing of the past, South Korean billionaire Chung Mong Koo reminds us why Asia's No. 4 economy continues to be plagued by such cheap valuations."
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