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The Latest Opinions From Bloomberg View


November 6, 2014

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Midterm Elections

@MikeBloomberg (Michael R. Bloomberg): Faced with gridlock in Washington, voters are turning to states and cities to get things done.
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The Editors: "Iran's diplomats understand perfectly well what a Republican-controlled U.S. Congress could mean for them: more sanctions and less compromise. So the pressure is on to get an agreement in the ongoing talks over Iran's nuclear program before the Nov. 24 deadline."
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Cass R. Sunstein: "Of the many changes that will result from the midterm elections, here's a big one that has received scant attention: Expect hearings and investigations. Lots of them."
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Barry Ritholtz: The Democrats seem to have forgotten about the economy during the midterm elections. "President Barack Obama and the Democrats could have pointed to a number of economic accomplishments."
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Europe

Leonid Bershidsky: "Catalonia's determination to go ahead with a symbolic vote on independence from Spain on Sunday -- despite being banned by the nation's constitutional court -- now has an additional layer of legitimacy."
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Bershidsky: "The European Commission's new president, Jean-Claude Juncker, will preside over an investigation of shady tax deals with global companies made by Luxembourg under Prime Minister ... Jean-Claude Juncker. That must be great news for the multinationals -- and for Ireland, which made similar but somewhat sloppier deals of its own."
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Tech

Katie Benner:"Most everyone hopes that Ginni Rometty, International Business Machines Corp.'s chief executive officer, can make Big Blue grow again. ... But the road might start getting rocky for IBM, not just because cloud computing is supplanting its business."
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Education

Noah Smith: "Liberals have found another way to out-tradition the traditionalists -- curbing teen sexuality in the face of modern media."
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Food

Mark Gilbert: "The U.K.'s increasingly fierce supermarket war has claimed another victim: Dairy Crest, the nation's biggest dairy producer, is getting out of the milk business."
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India

Dhiraj Nayyar: Passenger traffic for India's airlines "has grown rapidly over the last decade. ... Packed airplanes, however, have not led to profitable airlines."
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Chandrahas Choudhury: "Last weekend, public-minded Indian citizens moved swiftly to crack down on a grave threat to Indian culture. The provocation took the form of a sudden epidemic of kissing that broke out in the south Indian city of Kochi."
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China

Adam Minter: "For decades, the Chinese government has ruled via quotas and benchmarks while ignoring the social and environmental costs incurred in meeting them." The latest: "'Funeral reform' officials in south China's Guangdong province will be expected to meet quotas on the number of dead people who are cremated."
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News Roundup

Jonathan Bernstein
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(Read the news roundup)

- Citizens are somewhat polarized.
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- Matthew Dickinson's postmortem at his Presidential Power blog:
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- Lynn Vavreck looks at how the economy (and perceptions of the economy) affects elections.
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Matt Levine
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- Banks can't get too big.
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- Should shareholders get to nominate directors?
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- You have to tell shareholders if you dilute them.
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Barry Ritholtz
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(Read the news roundup)

- QE worked, but not as advertised.
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- Gold, silver prices slide to 4.5-year lows.
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- How Iceland is benefiting from climate change:
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Zara Kessler on What's Popping

- Postpartum Taylor Swift Disorder at the Country Music Association Awards.
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- "Phil Rudd, the drummer for legendary hard rock band AC/DC, has been charged with attempting to have two men killed."
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- Newly elected West Virginia delegate, 18, will be country's youngest state lawmaker.
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- "Miley-brand novelty redneck teeth."
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