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May 1, 2014For more, visit
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CHINA: "Remember how China's economy was supposed to surpass the U.S.'s sometime in the next decade or so?" The Editors: "Turns out it may already have happened. ... History will deem China's surpassing of the U.S. economy a milestone. The map of the global economy is changing faster than many suppose."
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LAW: The failed execution of Clayton Lockett in Oklahoma "demonstrates how capital punishment is becoming impossible to administer," the Editors write. "Even its supporters must concede as much."
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UKRAINE CRISIS: Even without a direct invasion, Russian President Vladimir Putin has managed to plunge Ukraine "into ungovernable chaos, using local elites and law enforcers in Ukraine's southeast to throw the interim government in Kiev off balance," Leonid Bershidsky writes. "This all raises a troubling question: Can Putin undo the damage he has wrought?"
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TECH: "The largest driver of Facebook's mobile revenue is app-install ads -- that is, ads that encourage users to download an application rather than simply promote a product." Ben Thompson: "Facebook's dependence on app-install ads primarily driven by free-to-play games leaves the company exposed to both Apple and Google, albeit in two different ways."
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WALL STREET: @Jamesgibney (James Gibney): Why the results of Fannie and Freddie stress tests are good news, argues @matt_levine (Matt Levine)
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LAW: "Aristotle said that when a general law doesn't fit a particular case, the proper course is to rectify the law so it does fit," Noah Feldman writes. "Today, in the last oral argument of this term, the Supreme Court grappled with his advice in the case of Limelight Networks v. Akamai Technologies."
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HEALTH: "Earlier this month, Los Angeles Clippers owner Donald Sterling's foundation pledged $3 million for kidney research at UCLA and made an initial payment of $425,000," Virginia Postrel writes. "Now, not surprisingly, UCLA has decided to return the money. It means that Sterling's racist comments have now cost researchers precious funding in the fight against a racially biased disease."
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BANKING: @jonathanweil (Jonathan Weil): As long as Holder/Bharara keep saying too-big-to-jail is dead, that's how we'll know it isn't.
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EDUCATION: "Critics of the recent Supreme Court decision upholding the ban on affirmative action in admissions to the University of Michigan argue that it will hurt underrepresented minorities and result in a less diverse student body," Lanhee Chen writes. "The evidence from California says that argument is wrong."
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INDIA: "With just two weeks to go until poll results are announced in India, local stock markets have soared," Swaminathan S. Anklesaria Aiyar writes. "There are two problems with this overweening optimism. First, the so-called Gujarat Miracle is somewhat overhyped."
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