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A quick look at Bloomberg News's opinion section

December 26, 2012 For more, visit
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FROM THE EDITORS

Nuclear Weapons: "As wonderful as the idea of a world without nuclear weapons is, it isn't going to be a reality any time soon. For now, the appropriate U.S. approach is to have the smallest arsenal possible, made up of weapons that will deter a weak rogue state -- think North Korea or Iran -- from developing a nuclear capability."

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High-Frequency Trading: "Finally, a bit of evidence, rather than anecdote, about the costs of high-frequency trading." A new study shows that "the most aggressive firms tend to earn the biggest profits, hence the incentive to trade as quickly and as often as possible. Furthermore, these traders make their money at the expense of everyone else."


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COMMENTARY

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Amity Shlaes

"The real opponent of the underpaid, benefit-poor newbie is not the employer. It is fellow overpaid workers. The taxpayer can 'afford' to pay public-sector wages higher than $8 an hour, but not $200,000 a year."
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Susan Crawford

"Americans might be surprised at how concentrated the market is for the modern-day equivalent of the standard phone line. Two enormous monopoly submarkets -- one for wireless and one for wired transmission -- are each dominated by two or three large companies. On the wired side, Comcast is the communications equivalent of Standard Oil."
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Read the first of three excerpts of "Captive Audience: The Telecom Industry and Monopoly Power in the New Gilded Age"

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Andrew J. Cherlin

"A large U.S. government-funded experiment to encourage low-income parents to marry, a legacy of the George W. Bush administration's Healthy Marriage Initiative, has just fallen flat. . . . For the children of these unmarried couples, it is bad news: It portends years of unstable, complicated home lives. The apparent failure of marriage promotion makes the task of finding other ways to help them even more urgent."
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