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A quick look at Bloomberg News's opinion section

December 19, 2012 For more, visit
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FROM THE EDITORS

Japan: Japan's next prime minister, Shinzo Abe, "has a political opening to push reforms that could lift Japan from the economic morass it has been stuck in for the past two decades." But can he? "Here's the plan he ran on: get tough with China over the disputed islands known as Senkaku in Japan and Diaoyu in China, and turn on Japan's fiscal spigot to get its economy out of recession. Unfortunately, neither course of action is likely to produce the results he seeks."


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U.S.: "By 2025, the U.S. will require 52,000 more nonspecialist physicians than it has now. . . . As long as medical school graduates can expect to earn only half as much practicing primary care as they would in, say, cardiology or anesthesiology, the specialties will keep luring 75 percent or more of them away."

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COMMENTARY

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Betsey Stevenson and Justin Wolfers

"The real crisis in American higher education is that our best colleges never see a large chunk of our smartest students. In an important recent study, the economists Caroline Hoxby and Christopher Avery found that very few high achievers from low-income families ever apply to top colleges, and that the missing applications from these kids largely explain why they're underrepresented at our leading universities."
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Margaret Carlson

"There are more gun shops in the U.S. than there are Starbucks. More people die by gunfire in the U.S. than in any other country. Yet the NRA continues to get its way, in the states and with Congress."

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Clive Crook

"The most valuable new book I've read this year is Justin Yifu Lin's 'The Quest for Prosperity.' . . . He proposes a middle way between two contending schools: structuralism, which emphasizes barriers to development that government intervention is needed to overcome, and the neoclassical approach, which stresses market forces and frowns on industrial planning. He calls his hybrid 'new structuralism.'"
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A. Gary Shilling

In addition to external detriments to economic growth, "India's leaders recently have introduced a number of policy measures that, though they may be politically necessary, discourage domestic and foreign investment."

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Read part three of a five-part series on India

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Chris R. McDermott

If Canada had stayed in the Kyoto climate-change agreement, it "could have helped save Keystone. . . . Environmentalists might have left Canada alone" if it "would have implemented a cap-and-trade system that, with the use of carbon offsets and a price on carbon, would have cost-effectively driven oil-sands emissions down to conventional levels."

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FROM THE BLOGS

The Ticker

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Deborah Solomon on the approach of a fiscal-cliff deal
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The Ticker

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Francis Wilkinson on Nikki Haley, Tim Scott and Republicans' top-down diversity
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The Ticker

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Marc Champion on Tunisia's second anniversary of the birth of the Arab Spring
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