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The Latest Opinions From Bloomberg View


November 13, 2014

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Climate Change

The Editors: The U.S.-China climate deal announced Wednesday in Beijing "may well mark the end of finger-pointing between the two countries and the start of cooperation on reducing greenhouse-gas emissions. ... Now, it's possible to contemplate an effective agreement coming out of next year's international climate conference in Paris -- if other rich countries follow suit."
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Christopher Flavelle:"Republicans' best argument against regulating carbon emissions from U.S. coal plants has always been this: If China won't act, what use is it?" The U.S.-China climate agreement announced Tuesday "turns that argument on its head."
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Wall Street

The Editors:"Regulators in the U.K., the U.S. and Switzerland have moved with impressive speed to extract about $4.3 billion from some of the world's largest banks for their role in rigging global currency markets. Now comes the hard part: identifying and punishing the people who actually did the manipulating."
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Noah Smith: "It isn't so much low interest rates that Wall Street despises; it's when interest rates are lowered by Fed policy."
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Tech

Katie Benner: "Investors probably will never bury venture capital firms under the mountains of cash that they once did in such banner years as 2000 and 2001. ... But that doesn't mean that there isn't a lot of easy money still washing over VCs -- and that there still isn't a lot of risk associated with that phenomenon."
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Taxes

Noah Feldman:"Maryland refuses to credit residents for part of the money they earn elsewhere, choosing instead to double-tax them. The U.S. Supreme Court now has to decide whether this is constitutional."
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Culture

Margaret Carlson: "Jon Stewart's first movie 'Rosewater' tells the story of Maziar Bahari, a Newsweek contributor in Iran who was arrested on suspicion of spying in 2009 and brutally tortured for 188 days. ... Why does he have to go and get all serious?"
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Megan McArdle:"I'm fascinated by this graphic on dogs in Slate, which divides dog breeds into four categories." The problem with it is that "its ranking is basically useless to anyone who's thinking about getting a dog."
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China

Adam Minter: Chinese social media "has been a reliablefan and supporter of Obama since 2008." You can bet that Chinese President Xi Jinping knows "that Obama's sustained popularity in China isn't just about charisma. Ultimately, it's about values."
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Ukraine Crisis

Leonid Bershidsky:Ukraine "is struggling to find a replacement for the coal it once received from the region controlled by pro-Russian separatists. ... With winter fast approaching, the uncertainty over the country's energy supply highlighted both Ukraine's challenges and the inability of its politicians' to meet them."
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Asia

The Editors:"The conflict in Myanmar was once easy to caricature: brutal generals on one side, pro-democracy icon Aung San Suu Kyi on the other. At this point, however, to sustain Myanmar's halting political opening, the world needs to adopt a less black-and-white view."
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Gambling

James McManus:"The World Series of Poker Main Event recommenced at the Rio casino in Las Vegas this week. ... The first surprise came early."
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