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A quick look at Bloomberg News's opinion section

March 15, 2013 For more, visit
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FROM THE EDITORS

Whale: "In the U.S. Senate on Friday, legislators will try yet again to answer a question of great concern to the country: How did JPMorgan Chase & Co., a bank large enough to bring down the U.S. economy, rack up losses of $6 billion in a unit that was supposed to be managing its excess cash and mitigating risk? Allow us to suggest a follow-up question: Why should any bank be big and threatening enough to bring down the U.S. economy?"


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U.K.: "Next week, U.K. Chancellor of the Exchequer George Osborne will unveil his annual budget. Rarely has the country so badly needed bold new policies to generate growth. . . . The too-tight squeeze on fiscal policy is self-defeating. If the cycle of stagnation and austerity continues, the debt outlook will continue to worsen and markets will have more reason to worry, not less."


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COMMENTARY

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Stephen L. Carter

"Contrast the endless and largely pointless chatter of the modern world with the minutes Pope Francis spent standing silently on the balcony before addressing the thousands in St. Peter's Square and the hundreds of millions around the world. The silence was beautiful and eloquent, projecting both a sense of peace and a sense of occasion."
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Jonathan Alter
"History sometimes has a way of tying itself up with a little bow. That's the way I felt in January when I introduced Scott Prouty, the bartender-turned-videographer who helped sink Mitt Romney's presidential campaign, to Teddy Goff, the 28-year-old director of digital media for President Barack Obama's re-election."

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Jeffrey Goldberg

"One of the reasons Obama is traveling to Israel next week -- the first overseas trip of his second term -- is to correct the impression, partly created in Cairo, that he doesn't understand Israel's history, and has no feeling for the underlying justice of its cause."
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Jonathan Weil

Dennis Lerner, a former tax director at Commerzbank AG in New York who pleaded guilty this week to public-corruption charges, "isn't too big to jail. But the bank he once worked for may well be, along with the other executives there who made his crimes possible."
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William Pesek

"Viewed from Seoul or Tokyo, the U.S.'s obsession with Iran looks unbalanced. No serious observer thinks a nuclear Iran is good for world peace, not with President Mahmoud Ahmadinejad's abhorrent anti- Semitism and threats to obliterate Israel. Yet the single-minded focus on Iran ignores a more immediate and provocative atomic threat: North Korea."

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Neil Barofsky

Banks are facing an unusual obstacle: credit-rating companies. They are now apparently refusing to bestow good ratings on bonds "whose representations and warranties will expire like stale milk. This is a problem for the banks because they need that stamp of approval in order to persuade large-scale investors to jump back into the mortgage-bond pool with them."
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Rajrishi Singhal

"After a brief lull, the strain in the fractious relationship between India's Finance Ministry and its central bank, the Reserve Bank of India, is back."

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FROM THE BLOGS

The Ticker

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Josh Barro on why Social Security is the best retirement saving vehicle
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Echoes

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Peter Andreas on the Chinese infiltration across the U.S.-Mexico border
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The Ticker

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Evan Soltas on why more Americans retire later in life
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