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The Latest Opinions From Bloomberg View

November 24, 2014

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ASIAN ECONOMY
Mohamed A. El-Erian:"For all its political intrigue over the years, China has had a relatively clear economic strategy, at least until recently. In the last few weeks, however, its approach to managing its exchange rate has puzzled those who closely follow it."
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MILITARY
The Editors:"The shenanigans that have been going on at U.S. nuclear bases are almost too clownish to believe. ... Given such blatant management problems, it's also hard to swallow the $1.5 billion funding demand for the program from Chuck Hagel, who is expected to step down as defense secretary today."
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CLIMATE CHANGE
Cass R. Sunstein:"Do frigid temperatures give you doubts about global warming? You wouldn't be alone."
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RUSSIA
Leonid Bershidsky:As Russian President Vladimir Putin's voters "begin to experience economic hardship following a steep decline in oil prices, Putin clearly feels he needs to appeal to their patriotism -- and to explain why he sees the West as a treacherous rival."
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NEWS ROUNDUPS
Zara Kessler on What's Popping
- Taylor Swift, still #winning. The performances at last night's American Music Awards, ranked worst to best:
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- University of Virginia fraternities are suspended until Jan. 9 after last week's
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Rolling Stone article about campus rape.
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- Katy Perry will perform at the Super Bowl halftime show.
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- It's almost Thanksgiving, and John Oliver has some thoughts on turkey pardoning.
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Jonathan Bernstein
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(Read the News Roundup)
- One more precinct heard from: Presidency scholar Matthew Dickinson, on his blog, isn't sure President Barack Obama's executive order on immigration was smart, but he doesn't see any norm violation.
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- While Josh Huder at Rule 22 explains the legislative options available to Republicans to overturn the order -- and why they may prefer bluster to action.
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- Julia Azari at Mischiefs of Faction, meanwhile, wonders whether executive action has a conservative bias. Interesting.
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Matt Levine
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- Confidential relationships:
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- On Bank of America:
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- The AIG trial is still going on.
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Barry Ritholtz
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(Read the News Roundup)
- Sign of Health of Stocks: Weak 2015 Forecasts:
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- Why We Educate Our Clients:
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- Falling Apart: America's Neglected Infrastructure:
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CHINA
Adam Minter:"Nearly five years after grandly pulling out of China due to hacking and censorship concerns, Google may be looking to return. ... From a business standpoint, the decision would seem to be a wise one."
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UKRAINE CRISIS
Marc Champion:"The ultimate question for Moldovans -- as it was for the protesters in Kiev earlier this year -- is whether they think the EU path is their only chance to produce cleaner, more open government and the investment and economic growth that tends to follow."
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SPORTS
Kavitha A. Davidson:"The National Hockey League has issued its first legal response to the concussion lawsuit filed by former players, and it's so tone-deaf it almost makes Roger Goodell and the National Football League look charitable."
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LATIN AMERICA
Mac Margolis: "Pick a Latin American dictatorship, scroll the official transcripts and you'll get an eyeful about the good fight against godless communists. Argentina's military government from 1976 to 1983 was the benchmark."
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