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A quick look at Bloomberg News's opinion section

October 8, 2012For more, visit
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FROM THE EDITORS

U.S.:
Even a government divided between the two parties should be able to manage the federal budget wisely. "Uncertainty about the ability of the nation's political leaders to deal with its fiscal mess threatens to undo the meager economic gains the nation has eked out since 2009 and throw the economy dangerously off-track. What the U.S. needs is a decisive government."


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Iran: Iranian President Mahmoud Ahmadinejad is right when he accuses the West of waging economic "war" against Iran. "The Iranian rial's death spiral is the first clear sign that we're on a path to victory." Supreme Leader Ayatollah Ali Khamenei will change his ways only "when he is forced to choose between his weapons program and the downfall of his regime."

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COMMENTARY

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William Cohan
Don't pity JPMorgan because it is being sued for misdeeds that occurred at Bear Stearns. "JPMorgan didn't buy Bear Stearns as a favor to Treasury Secretary Henry Paulson, New York Fed President Timothy Geithner and Federal Reserve Chairman Ben Bernanke; it bought Bear Stearns because it saw an opportunity to acquire on the cheap a company with assets it coveted."
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Albert Hunt

"Mitt Romney's winning performance in last week's presidential debate has reinforced his campaign's belief that this election parallels the one in 1980: In troubled times, Republicans inevitably defeat an unpopular Democratic president." Yet "Ronald Reagan's victory over Jimmy Carter wasn't inevitable; it was earned, with some help from outsiders."

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Mark Buchanan

"Mitt Romney has a classic Republican approach to financial regulation: Get government out of the way, because markets are inherently wise. If only it were right. . . . Where did such fantasy-based policies come from, and why are they so alluring?"

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Edward Glaeser

Government support for Amtrak "should be tied to the measured advantages to society when people take the train instead of driving cars. . . . Perhaps the safest approach is to tie the subsidy to something obvious and measurable: engineering assessments of the social costs of congestion, pollution and accidents from driving along particular corridors."

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Fouad Ajami

Literalists have "hijacked" Islam. "The traditional folks awed by the learning of the modernist elites had been replaced by their angry offspring. Islamism gave power and a sense of militant virtue to an unsettled generation exposed to a modernity it can neither master nor reject."

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Camille Paglia

"When is the burden of the gods lighter than air? Six stately young women stand like sentinels on a marble parapet atop the Athenian Acropolis. . . . It is a remarkable display of female power: voluptuous curves combined with massive, muscular strength." The first of four excerpts from "Glittering Images: A Journey Through Art from Egypt to Star Wars."

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FROM THE BLOGS

Echoes

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Scott Nelson on Libor's descent from Britain's 1797 bank rate
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The Ticker

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Deborah Solomon on Jack Welch's controversial tweet
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The Ticker

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Stacey Shick on winning baseball on a budget
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