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The Latest Opinions From Bloomberg View


September 18, 2014

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U.S. Economy

The Editors:"The U.S. Federal Reserve is starting to prepare markets for the end of the longest period of near-zero interest rates in its history. In doing so, it should leave itself plenty of room to keep supporting a depressingly inadequate economic recovery."
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IRAQ

The Editors:U.S. forces in Iraq "do not and will not have a combat mission," President Barack Obama said yesterday, "repeating what he said a few days ago, and a few days before that." Which would be unremarkable except for Army General Martin Dempsey's comments to senators Tuesday "that U.S. advisers would 'accompany Iraqi troops on attacks' if necessary."
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Wall Street

Matt Levine:"A lot of high-frequency traders and exchanges and dark pool operators and other potential market-rigging culprits also, separately, do a lot of dumb stuff. So the SEC can just crack down on the dumb stuff, improve the market and look like it's doing something about market rigging, without doing anything disastrous just for the sake of doing something. The latest crackdown in that vein is this $16 million penalty against Latour Trading."
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Sports

Kavitha A. Davidson:"Adrian Peterson had the New England Patriots to thank for the Minnesota Vikings' decision to reinstate him. The rest of us might have Radisson hotels to thank for the team finally doing the right thing."
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Investing

Barry Ritholtz:"For a long time, the fund managers at Yale’s endowment were the industry's gold standard. ... I want to suggest that Harvard’s endowment shouldn't follow the Yale Model, and shouldn't even attempt to recreate the model created by Meyer. Instead, the new team leading the endowment should consider something closer to the changed direction we see at Calpers."
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Politics

Ramesh Ponnuru:This year, Democrats are campaigning hard on social issues, "saying it's their opponents who are out of step with the public. But it's a mistake to assume the public is moving substantially leftward on social issues or that Democrats now have a long-term advantage on them -- because not all 'social issues' are the same."
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U.K.

Leonid Bershidsky:"There's a good, and largely overlooked, reason that Scotland and the rest of the U.K. might be better off staying together. Both the secession and anti-secession campaigns have been courteous, nonviolent and affable. Two nations able to contest this fairly belong in a union, for few are able to."
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Latin America

Mac Margolis:"Just when the indignities of the Bolivarian Republic seem untoppable, along comes the breast implant crisis. Yes, thanks to the difficulty of importing prosthetic implants, the storied Venezuelan boob job is at risk. Call it the latest casualty of government policy incompetence."
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Economics

Noah Smith:"Peter Thiel comes bearing dark portents for our civilization. ... In recent years, Thiel has joined the chorus of voices warning that technological progress has stagnated, adding his voice to those of Robert Gordon and Tyler Cowen, but also Neal Stephenson and Paul Krugman. When you find such a diverse group of smart people sounding the same alarm, it’s worth paying attention."
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Climate Change

Megan McArdle:"Are environmentalists who want fossil-fuel divestment hypocrites if they don’t adopt a radically reduced carbon lifestyle? That’s a common charge among conservatives. ... Ultimately, I think it is unfair, for a couple of reasons."
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