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A quick look at Bloomberg News's opinion section

September 24, 2012 For more, visit
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FROM THE EDITORS

U.S. "GM, bailed out with $50 billion from the Troubled Asset Relief Program, wants the U.S. Treasury to sell its remaining 26.5 percent stake quickly, even if that means taking a huge loss. . . . GM's fitful relationship with its government overseers should serve help deter the poor decision-making that landed companies at Washington's doorstep."


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Environment: "Air conditioning is one of the biggest sources of new demand on electricity grids in emerging economies. . . . Barring a change in the way our air conditioners work, their increasing use not only will require huge expansions of the energy supply but also will take a direct toll on the environment."

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Europe: Europe shouldn't give up on creating a banking union. "The euro area has a deeply integrated financial system. It lacks a single bank regulator, a common resolution agency for distressed banks, and a deposit insurance scheme that spans the currency zone. That's what 'banking union' means."


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COMMENTARY

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Betsey Stevenson and Justin Wolfers

"Mitt Romney has one potential response to working Americans angered by the 14.1 percent federal income tax rate he paid in 2011: If elected, he would lower taxes for everybody." But "he is campaigning on the parts of his plan that would lower voters' tax burden, while hoping they'll forget about the equal and opposite parts that will raise it. In reality, he's not planning to cut taxes at all."

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William Cohan

"Now that the JPMorgan Chase stock has returned more or less to where it was trading before the scandal, it's safe to say shareholders have lost nothing as a result of the London Whale." JPMorgan Chase says depositors lost nothing, too. So what happened to all that money?

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Albert Hunt

In the recent Iran Project report, a high-level group of national security experts offered answers about cost and consequences of a strike against Iran. "The Iran Project authors say flatly that 'extended military strikes by the U.S. alone or in concert with Israel could destroy or severely damage the six most important nuclear facilities in Iran.'"
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Jeff Rubin

"In the last decade, the price of oil has quadrupled, and that shift will permanently shackle the growth potential of the world's economies." Running huge budget deficits and maintaining record low borrowing costs are not long-term substitutes for cheap oil; "an economy can't grow if it can no longer afford to burn the fuel it runs on." The first of four excerpts from "The Big Flatline: Oil and the No-Growth Economy."
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Luigi Zingales
Mitt Romney would have done a better job with the cards President Obama was dealt four years ago. "Whatever you might think of his political priorities, he is the ultimate pragmatist. He governed Massachusetts like Obama promised to govern the country: trying to fix problems, not to advance an ideology."
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FROM THE BLOGS


The Ticker

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Francis Wilkinson on why Obama's money is worth more than Romney's
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Echoes


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Thai Jones on Occupy Wall Street's lasting ideas
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The Ticker

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Tobin Harshaw on the Postal Service's junk-mail plan
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SHARE THE VIEW

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