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A quick look at Bloomberg News's opinion section

November 15, 2012 For more, visit
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FROM THE EDITORS

Taxes: When President Barack Obama "sits down with congressional leaders for a fiscal chat this week, he should broker an agreement to limit the individual tax breaks that cost the U.S. Treasury more than $1 trillion every year. . . . The best ground for compromise appears to be scaling back so-called tax expenditures, the myriad deductions, exclusions and credits that allow individuals -- particularly the wealthiest Americans -- to lower their tax bills."


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Nonprofits: The fastest-growing part of the U.S. economy is the nonprofit sector, but as it has boomed, "government resources devoted to overseeing it have either declined or stayed the same. That has left considerable room for questionable practices."


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COMMENTARY

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Ezra Klein

"The Washington consensus on tax reform: It slices, it dices, it cleans up after itself. But that's not the economic profession's consensus. . . . If it's a 'game changer,' it is only in the sense that it gives Republicans a face-saving way to do what needs to be done: raise taxes."

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Michael Kinsley

"Before we say goodbye to the Campaign 2012, I would just like to point out that the entire drama of a close election, as played out in the news media on Election Day and evening, is basically fake." Television networks already know who's going to win, "primarily because of research conducted by the National Election Exit Poll on Election Day."

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Jonathan Mahler

John Calipari, head basketball coach of the University of Kentucky Wildcats, has a deal for his players: "Give me seven months and I will make you rich. It's basically a one-year associate's degree in basketball with an unparalleled job-placement record."

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Caroline Baum

The Campaign to Fix the Debt, which includes chief executives of major U.S. companies, "sounds a lot like a 12-step program for Debtors Anonymous, minus the Higher Power stuff. . . . To what extent are CEOs, who are accountable to their shareholders and focused on their stock price, willing to 'put national interest ahead of special interests,' one of the key bullet points in the citizen's petition?"

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FROM THE BLOGS

The Ticker

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Josh Barro on the lack of a compelling Republican economic agenda
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The Ticker

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Deborah Solomon on President Obama's $1 trillion presumption
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The Ticker

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William Pesek on Japan's revolving door for prime ministers
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