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A quick look at Bloomberg News's opinion section

January 23, 2013 For more, visit
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FROM THE EDITORS

Debt Ceiling: "Congressional Republicans' proposal to extend the U.S. borrowing limit through May sets up yet another hair-raising deadline, complete with the threat of suspended pay for lawmakers if they fail to make the hard choices needed to fix the government's finances. This time around, there's no reason to turn the deadline into a market-rattling disaster. Much of the groundwork for a sound deficit-reduction deal has already been laid."


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Flu: "This season's worse-than-usual flu in the U.S. underscores the limitations of the existing vaccines. Shortcomings include the inability to rapidly expand vaccine supply in the event of an especially bad flu and the need to vaccinate people with a new formulation almost every year as the virus mutates." Developing better vaccines "will require a joint effort by government and the pharmaceutical industry."


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COMMENTARY

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Ezra Klein

"President Barack Obama begins his second term confronting a familiar and frustrating incongruity: the gap between how much change he has fostered and how little about the country seems different."

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Margaret Carlson


Should President Obama be more social? "If the president would have more parties with members of Congress, the argument goes, the appetite for going over a fiscal cliff just for the fun of it would be replaced by a lofty spirit of cooperation. It isn't going to happen, and maybe it shouldn't."

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Clive Crook

President Obama's inaugural address was "more divisive than it needed to be. More than in any other speech of his I can recall, Obama made the struggle for social justice and equality the whole of his message. . . . Obama made it plain he thinks Republicans are not just wrong but morally impaired."
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Peter Orszag

Globalization is "reducing the effective corporate-tax rate as the share of profits earned abroad increases. At the same time, however, by raising the corporate-profit share it is also increasing corporate-tax revenue as a percentage of GDP."

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Amy Butte

Why has the securities industry become less reliable? "Increased complexity, client concentration and demands for efficiency have led to something less than near-perfect reliability. Unless the industry is prepared to alter those inputs, we shouldn't be surprised to see glitches, violations and breakdowns soar in the years ahead."

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FROM THE BLOGS

The Ticker

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Margaret Carlson on why pro-choice advocates shouldn't celebrate Roe v. Wade's 40th anniversary
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Echoes

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Kristin Aguilera on the British bank that financed the U.S. economy
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The Ticker

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Jeffrey Goldberg on the Israeli election
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