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A quick look at Bloomberg News's opinion section

November 30, 2012 For more, visit
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FROM THE EDITORS

U.S.: "One by one, congressional Republicans are revoking their no-tax-increase pledges, opening the door to a fiscal-cliff compromise. Sadly, Democrats are just as quickly closing the door by calling for tax increases now and entitlement cuts later, if at all."


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Europe: A European Union court ruled that the European Central Bank can choose not to hand over secret internal documents in response to a freedom-of-information request. "In doing so, it rejected the first legal challenge to the bank's blanket exceptions to freedom-of-information rights and set a worrying precedent that will discourage openness."


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COMMENTARY

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Stephen L. Carter

The "fiscal cliff" is not a new metaphor. Understanding how it "has been used throughout history, as well as examining a few literary antecedents, can shed light on our current mess, and help us appreciate that our situation is not unique."

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William Pesek

The Bank of England's choice of a Canadian as its next governor "raises central bank head-hunting to a new level. It also could inspire more creative staffing at even bigger monetary authorities."
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Jonathan Weil

"Today, if someone called a company the next Hewlett-Packard, this would probably mean it is a prime candidate to book huge losses because of disastrous acquisitions. What might such a company look like? Consider Xerox Corp."

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Virginia Postrel

"A copyright isn't supposed to be a reward. It's supposed to be an incentive. . . . Instead of balancing the interests of consumers and future producers with financial incentives to create new works today, copyright has become an expanding monopoly privilege for well-connected industries."
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Randal C. Picker

"Google Inc. has moved from merely organizing search to owning content and the answers to questions. By competing with Yelp Inc. and others in category searches, such as reviews of local businesses, it has drawn scrutiny from regulators."

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FROM THE BLOGS

The Ticker

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Francis Wilkinson on "racializing" American politics
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The Ticker

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Justin Wolfers on the dark cloud behind a sunny report on U.S. economic output
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The Ticker

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Josh Barro on why conservatives must surrender in the "redistribution" battle
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