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A quick look at Bloomberg News's opinion section

December 12, 2012 For more, visit
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FROM THE EDITORS

U.S.: "The filibuster has surely been abused in recent years, keeping many a worthy bill from becoming law and dozens of presidential nominees from getting confirmed." Still, U.S. Senate Majority Leader Harry Reid and his Democratic colleagues should think twice about limiting its use. "Tying Republican hands today means tying their own hands later."

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EU:
"Time is running out for the European Union to meet its own year-end deadline to create a single bank regulator, or at least the legal framework for one. . . . Europe's banking problem is entering its fifth year. The EU has 27 regulators with 27 sets of rules, undercapitalized banks that can't afford to lend anymore and governments that lack the wherewithal to bail them out."


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COMMENTARY

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Margaret Carlson

"As we consider the return of the House of Clinton, we may be witnessing the start of the House of Obama. According to a survey in November, first lady Michelle Obama would beat incumbent Republican Mark Kirk, 51 percent to 40 percent, in a hypothetical matchup for U.S. senator from Illinois in 2016." That possibility "shows just how dynastic our politics have become."

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Clive Crook

"China's economy, which paused earlier this year, is picking up again -- good news for China and for the U.S. and Europe, which need all the external stimulus they can get. . . . Still, the question remains whether China is about to slip to a slower trajectory -- and, if it does, whether the government can handle the political implications."

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Edward Glaeser

In the debate over the fiscal cliff, Republicans need to make the next move. "Republicans must shift the debate from tax rates on wealthy Americans to serious spending cuts and entitlement reform. That shift requires them to spell out specific changes they would make in exchange for higher tax rates."

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Peter Orszag

"If you want a concrete example of the unanticipated harm that could come from the U.S. going over the fiscal cliff, look no further than Build America Bonds, an efficient alternative way to subsidize state and local investments. They are part of the spending that is scheduled to be reduced in January."

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Billy Bragg

"Brits are considering ways to regulate the press, and they should. I say this as a singer and songwriter who believes in free speech, because this isn't about censorship. It's about two concepts of freedom that derive from our very different histories. . . . In the U.S., the concept of freedom is most loudly expressed by those who wish to be free from the institutions of society." In the U.K., "it is more often articulated by those who wish to be free to participate in society."

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FROM THE BLOGS

The Ticker

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Deborah Solomon on AIG's extreme makeover
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The Ticker

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Margaret Carlson and Ramesh Ponnuru on the sorrows of John Boehner
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World View

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Adam Minter on reaction to Chinese author Mo Yan's Nobel Prize in Literature
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