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.footer .iOSLink a { color: #666666 !important; text-decoration: none !important; } @media only screen and (max-device-width: 480px) { body { padding: 10px !important; } .one-column p, .one-column li { font-size: 19px !important; line-height: 29px !important; } }A daily digest of opinions and analysisA Political Victory, But at What Cost?House Republicans narrowly passed a revision of Trumpcare on Thursday afternoon, and the Bloomberg View editorial board isn’t mincing words about it. “The dereliction of duty is breathtaking,” they write:In pushing the American Health Care Act through the House of Representatives, Speaker Paul Ryan and his Republican conference have voted to remake almost one-fifth of the U.S. economy. They did so without public hearings, without input from outside experts, without analysis by the Congressional Budget Office and without, finally, much compunction or consideration of the tens of millions of Americans it will harm.The question is now: What next? The House bill only needs a simple majority to pass the Senate, but a handful of upper-chamber Republicans have already said they plan to sideline the legislation in favor of their own Obamacare repeal. Amidst all the moving parts, Jonathan Bernstein evaluates the AHCA’s chances of survival.A Constitutional Crisis Unfolds in VenezuelaIt’s hard to imagine things getting any worse in the Bolivarian Republic, where hyperinflation, crime, and shortages of basic goods have led to mass protests in recent weeks. But indeed, they may. President Nicolas Maduro’s call to rewrite the country’s constitution was an unprecedented power grab, Mac Margolis argues, and neither the government nor the opposition looks ready to back down. Meanwhile, Noah Feldman notes that under Maduro’s plan, the same people tasked with drafting the new constitution would also be empowered to govern — an arrangement that invites abuse and corruption.France’s Centrist-Vs.-Populist Contest Is Deja Vu for AmericansTraveling in France during the run-up to Sunday's all-important presidential election, Megan McArdle is struck by the parallels to the 2016 U.S. election — “the populist upstart against the center-left representative of the establishment, the status quo against the YOLO, the woman against the man.” But the differences may be more interesting, McArdle argues, as far-right populist Marine Le Pen is both more competent than Donald Trump, and less likely to win.In Putin’s Russia, You Can Never Go Home AgainMoscow’s city government is about to tear down 4,500 Khrushchev-era apartment blocks (and resettle about 1 million people) in a gargantuan urban-planning project. One of those people is writer Leonid Bershidsky’s mother, and one of the apartments is the fifth-floor walk-up where he spent his childhood. Bershidsky isn’t terribly nostalgic for the unlovely flat with paper-thin walls, but he sees the city’s venture as a worrisome development: Once again, the state is the only ambitious economic player, and individual rights are being shunted aside.Analogy of the Day“Blaming a stock bubble on ETFs is like blaming MP3s for Nickelback or One Direction.” — Eric Balchunas, How ETFs Became The Investing World’s No. 1 ScapegoatBefore it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsInvestors have a contradiction addiction (Teachable Moment)How Microsoft jumped on Apple’s laptop stumbles (Bloomberg)Obama’s legacy: a retirement rule that’s tough to kill (Wall Street Journal)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyDon’t be fooled: Mark Zuckerberg is killing it.OPEC fights a crisis of confidence on two frontsTech bubble quietly burst for overvalued unicorns(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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