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A quick look at Bloomberg News's opinion section

April 1, 2014For more, visit
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HIGH-SPEED TRADERS:

Matt Levine: "There are two ways of characterizing high-frequency trading. In one, HFTs are front-running big investors, rigging the game against them and making the stock market illusory. In the other, HFTs are reacting instantly to demand, avoiding being picked off by informed investors and making the stock market more efficient."
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@paulaEdwyer (Paula Dwyer): News flash: Wall Street always pays itself first.
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Barry Ritholtz: What high-frequency traders do "is not trading -- it is skimming. I call it legalized theft."
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WASHINGTON: "This April Fools' Day coincides with primary day in Washington, where Democrats will decide whether to drop their scandal-tarred mayor, Vincent Gray," Francis Barry writes. "But the shadow of corruption that hangs over the race is obscuring a deeper problem with Washington's politics: election laws that favor parties over voters and incumbents over challengers."
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TURKEY: "Turkey's religious conservatives are rejoicing at Sunday's local-election win for the ruling Justice and Development Party," the Editors write. "For the country as a whole, there's little to celebrate."
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ACCOUNTING: \u200f@JonathanWeil (Jonathan Weil): MF Global just filed one of the most ridiculous lawsuits I have ever seen.
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BANKING: A new survey shows "that a third of all bank customers haven't set foot in a branch office in at least six months. More than a fifth haven't visited in a year or longer," James Greiff writes. "The real mystery is why there are so many bank branches to begin with: one for every 1,400 households."
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FAMILY: "The Census Bureau reported last week that the financial crisis, aside from wrecking the economy, also helped drive down U.S. fertility rates to levels not seen since the late 1990s." Stephen Mihm: "Historical demographers have long recognized that when it comes to fertility, recessions are the equivalent of a cold shower."
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BASEBALL: "The New York Yankees reign supreme over American sports," Kavitha A. Davidson writes. The $2.5 billion Yankees "don't just lead the baseball pack -- they're also the most valuable team in all of American professional sports."
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HEALTH-CARE REFORM:

Peter Orszag: "As policy-making disgraces go, last week's House of Representatives vote for a temporary 'doc fix' to avoid a cut in Medicare payments to doctors is hard to beat: It's financed in part through accounting gimmicks, and the vote was so rushed that most members of Congress didn't even realize it had been held."
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Jonathan Bernstein: "It's very possible for the ACA (that is, the actual programs) to be quite successful even when 'Obamacare' continues to poll badly." Just look at Kentucky.
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TRANSPORTATION: U.S. airports are off the chart:
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Barry Ritholtz chart

MONEY: Leonid Bershidsky: "All the talk of bitcoin in recent years has overshadowed the real e-finance revolution: In Africa, India and now Eastern Europe, a service called M-Pesa has replaced banking for millions of people who don't have or, in fact, even need a bank account."
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CULTURE: Cass R. Sunstein: "A revealing body of research, coming largely from Yale Law School professor Dan Kahan, finds that 'cultural cognition' shapes our reactions to science -- and that our values affect our assessment of purely factual claims, even in highly technical areas."
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UKRAINE CRISIS: Pankaj Mishra: "As laments about Western weakness and spine-stiffening exhortations fill the air, it's worth recalling the legacy of the central episode of the Cold War: the Soviet invasion of Afghanistan in December 1979."
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CHINA: William Pesek: "Taiwan's Ma Ying-jeou is learning a very valuable lesson the hard way: If you want to cozy up to China, it's best not to be too Chinese about it."
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