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A quick look at Bloomberg News's opinion section

December 10, 2012 For more, visit
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FROM THE EDITORS

Debt Ceiling: "President Barack Obama, adopting a proposal first made last year by Senate Minority Leader Mitch McConnell, has offered a way for members of Congress to make their political point -- without harming the markets, the economy, or the full faith and credit of the United States. If Republican members would drop their resistance, Congress and the White House could move on with the more important task of getting the federal government's budget deficit under control."


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COMMENTARY

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Mark Buchanan

"In the case of the economy, we might not be measuring everything we need to achieve control. . . . Policy makers should pay more attention to leverage. Prevailing interest rates determine the cost of borrowing, if a borrower ultimately repays the loan."
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William D. Cohan

"Off in a small corner of the judicial system is a big-time Wall Street lawsuit that neither side in the dispute wants anyone to know much about. Thanks, however, to George B. Daniels -- the federal judge in the case -- we can catch a rare glimpse of what happens when a multibillion-dollar investment in a supposed pillar of Wall Street goes terribly wrong."

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Susan Crawford

"In an age when global networks are used increasingly for important purposes such as electronic health record-keeping and long-distance education, it is essential that (International Telecommunications Union) governments continue to say no to tollgates and monitoring of all kinds -- and preserve the open Internet we have had since its inception."

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Albert R. Hunt
"Supporters of the Citizens United and other campaign-finance rulings dismissed the concerns about corruption, contending that more money in politics would increase voter participation and turnout and enhance the public's knowledge about the candidates and important issues. Actually, even though considerably more money was spent than four years earlier, turnout in the general election was down a little."
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Simon Johnson

Why did a senior Fed governor publicly ask if there were significant economies of scale in global megabanks? "It is well established that there are no such economies. . . . The Fed has the authority to cap bank size, but it wants to shift the consensus first. The banks will push back hard, which will expose the weakness of their arguments."
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Alan D. Viard

"President Barack Obama often plays down any adverse economic impact from letting the 2001 and 2003 tax cuts expire for high-income Americans, claiming that the top tax rates would merely return to where they were during the Clinton years. Unfortunately, the president's claim is incorrect because he ignores the impending arrival of the Unearned Income Medicare Contribution tax, which will further raise tax rates on income from saving."

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FROM THE BLOGS

The Ticker

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Mark Whitehouse on the November jobs report
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Echoes

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Kenneth Lipartito on when the Army forcefully removed a CEO from his office
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World View

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Chandrahas Choudhury on the Facebook post in India that resulted in two arrests
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