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The Latest Opinions From Bloomberg View


December 22, 2014

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BANKING

The Editors:"The U.S. recovery is starting to look halfway respectable. Europe's economies, meanwhile, face the risk of a third recession in seven years. There's a lesson in that contrast: Good economic policy means never having to ask your central bank to be a hero."
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TRANSPORTATION

Adam Minter:"New York Senator Charles Schumer has always been relentless in defending the middle class (or at least in presenting himself that way), but his latest cause doesn't make much sense. Last week, Schumer called for a Justice Department investigation into why airlines aren't lowering ticket prices in tandem with plunging fuel costs."
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U.K.

Mark Gilbert:"There's an austerity row brewing in the U.K., where Chancellor George Osborne faces accusations that his enthusiasm for budget cuts risks driving government spending down to levels last seen in the 1930s. The rush to squeeze the economy to be able to boast of a budget surplus is unseemly (at best) and dangerous (at worst), given the frailty of the global economy. But what's lost in the debate is growing evidence that Britain is in a state of ruddy health."
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RUSSIA

Mohamed A. El-Erian:"Veterans of crises in emerging markets can name three issues in assessing how quickly and decisively Russia overcomes its economic and financial dislocations. The country needs to deal with at least two of them and preferably all three. Right now, it is on the way to meeting just one."
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DECLASSIFIED

Eli Lake:"With Cuba and North Korea dominating the headlines, Americans may have missed the good news from a corner of the world that has provided very little: Iraq."
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WHITE HOUSE

Cass Sunstein:"In the domain of foreign affairs, 2014 has brought heated national debates on an impressive range of subjects: Russia, Ukraine, Iran, Syria, Ebola, immigration policy and, most recently, torture, North Korea and Cuba. One of the more remarkable features of all these discussions has been the consistent grace of President George W. Bush."
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CLIMATE CHANGE

Mark Buchanan:"The world's approach to combating climate change, as set out at this month's United Nations conference in Lima, may seem naive: Instead of setting binding limits on the emission of greenhouse gases, the Lima Accord relies on nations to act in good faith and come up with their own voluntary limits in six months' time. Actually, I think there's reason for optimism. The agreement could actually put us on the path to a lasting solution."
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NEWS ROUNDUP

Jonathan Bernstein(
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Read the
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news roundup )

- Has Barack Obama been a (relatively) unpopular president because he was so productive in his first two years? Seth Masket at Mischiefs of Faction thinks about it.
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- Lydia Bean at the Monkey Cage on why white evangelical voters show up for the midterms:
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- Also at the Monkey Cage: Andrew Gelman tries to understand shifting attitudes about marriage.
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Zara Kessler on What's Popping

- Sony lawyer: The film "will be distributed."
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- Leak pushes Madonna to release six songs from upcoming album: "I would prefer my fans to hear completed versions of some of the songs instead of the incomplete tracks that are circulating."
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- "Elton John
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marries longtime partner David Furnish nine years after civil partnership." Lance Bass also
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got married , and Justin Timberlake wasn't there.
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- "
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When Kids Stop Believing in Santa ." "Saturday Night Live" applies "Serial" to Santa, and it's marvelous.
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INDIA

Pankaj Mishra:"In May, Narendra Modi's Hindu nationalist government swept to power on his promise to revive investment, boost manufacturing and create jobs. ... Six months on, Modi's scorecard on the development front is mixed."
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LAW

Stephen Mihm:"The legal profession has fallen on hard times in recent years. ... We shouldn't be too surprised. The idea that law was a surefire, recession-proof path to success and financial security may have been a misconception all along: The U.S. has regularly had a surplus of lawyers."
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TECH

Leonid Bershidsky:"U.S.-based social networks have been credited with helping protesters in many countries topple oppressive regimes, or at least try. ... Governments have learned a lot from the Arab Spring and other such protests, and social networks have turned into mature companies that must, by definition, maintain good relations with the authorities."
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