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A quick look at Bloomberg News's opinion section

December 17, 2012 For more, visit
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FROM THE EDITORS

U.S.: "Almost lost in the fiscal cliff debate is whether to extend two programs, the payroll-tax holiday and extended federal unemployment benefits. They have helped gird the economy over the past four years by putting more money in consumers' pockets. They should be continued, though perhaps in less-generous form."

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EU:
By March 2014, the European Central Bank will become the hub of bank supervision for the 17 countries using the euro. The European Union's agreement on the matter "goes beyond the stopgap measures typical of Europe's crisis management since Greece's near-collapse in 2010. . . . The fact that leaders could agree on a single banking authority shows there is a desire and the political will to achieve a true economic union."


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COMMENTARY

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William D. Cohan
Who will Obama pick to be the next Federal Reserve chairman? "The usual list of highly qualified candidates to replace Bernanke -- including Lawrence Summers, the former Treasury secretary and Harvard University president; Janet Yellen, a current vice chairman of the Fed; and Alan Krueger, the precocious chairman of the White House Council of Economic Advisers -- misses the person who probably wants it the most and continues to have Obama's ear on a regular basis." Treasury Secretary Tim Geithner.
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Virginia Postrel

Complaints about the lack of significant U.S. innovations "says less about economic or technological reality than it does about the power of a certain 20th-century technological glamour: all those images of space flight, elevated highways and flying cars, with their promise of escape from mundane existence into a better, more exciting place called The Future. These visions imprinted themselves so vividly on the public's consciousness that they left some of the smartest, most technologically savvy denizens of the 21st century blind to much of the progress we actually enjoy."

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Albert R. Hunt
"The Republican obsession with lower marginal tax rates for the more affluent defies economic and political reality. Polls show strong support for Obama's position on the top rate."
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A. Gary Shilling

"Most of us still look at China, the world's second-largest economy, as the undisputed leader among major developing countries. In the long run, however, I'm betting on India to emerge as the more significant global economy."

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Read part one of a five-part series on India

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Lee Hamilton, Thomas Pickering and Anthony Zinni

"As the U.S. Congress prepares to tighten the vise around Iran with new sanctions, American leaders need to ask what previous measures have accomplished and whether additional ones would help or hurt efforts to prevent Iran from acquiring a nuclear weapon. . . . Additional penalties would undermine efforts to test the effectiveness of existing sanctions."
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FROM THE BLOGS

The Ticker

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Josh Barro on doctors as crony capitalists
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The Ticker

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James Gibney on Susan Rice's next move
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The Ticker


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Francis Wilkinson on Republicans offending their own constituencies
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