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A quick look at Bloomberg News's opinion section

December 5, 2012 For more, visit
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FROM THE EDITORS

Hedge Funds: "Congress probably didn't mean to turn the $2.3 trillion hedge-fund industry into a breeding ground for fraud when it passed a law designed to make it easier for small companies to raise capital. That may well be the result unless the Securities and Exchange Commission steps in with new rules."


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Health: "Scheduling births may be convenient for physicians, hospitals and expectant parents, but it generally isn't good for the health of mothers and children. It's expensive to boot."


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COMMENTARY

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Clive Crook

"The same questions preoccupy Chinese and American thinkers alike: How long, if at all, can growth at anything like this rate continue, and, if it does, will it drive China and the U.S. toward confrontation? . . . In judging the likelihood that China and the U.S. will come to blows, it's important to remember that they now share a common religion: capitalism."

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Peter Orszag

"Although it isn't yet time to panic about the fiscal cliff, negotiations so far aren't exactly going well. The Republicans are committing themselves to an unsustainable principle of no marginal tax-rate increases whatsoever. And the Democrats are failing to seize the moment to make progressive reforms to Medicare and Social Security."

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Amity Shlaes

When President Obama warned that "a 'Scrooge Christmas' is what the country will get if lawmakers won't go along with the Obama plan to raise rates on topmost earners," he assumed most Americans love economic redistribution. "That is not what the evidence suggests."
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Joe Karaganis

For the New Zealand government to keep the Hobbit trilogy there, it had to face Warner Bros. demands: "$120 million, plus the revision of New Zealand's labor laws to forbid collective bargaining among film-production contractors, plus the passage of three-strikes Internet-disconnection laws for online copyright infringement, plus enthusiastic and, it turns out, illegal cooperation in the shutdown of the pirate-friendly digital storage site Megaupload and the arrest of its owner, Kim Dotcom."
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Aaron David Miller
What does a great secretary of state need to succeed? The four essential criteria are: "the ability to project a physical presence and persona," a "negotiator's mindset," luck and the support of the president.
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FROM THE BLOGS

The Ticker

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Max Berley on a resurgence of anti-Semitism in Hungary
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Echoes

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Elizabeth Tandy Shermer on how tax arbitrage ended GE's foray into Silicon Valley
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World View

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Adam Minter on Chinese netizens' obsession with the Mayan apocalypse prophecy
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