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A quick look at Bloomberg News's opinion section

November 12, 2012 For more, visit
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FROM THE EDITORS

U.S.:
"Hurricane Sandy is forcing a re-evaluation of climate change, seawalls and the nation's power grid. It should also prompt a re-examination of federal flood insurance. The program gives unneeded subsidies to those with expensive beach properties, skews incentives and repeatedly needs taxpayer bailouts."


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Europe: The European Central Bank "needs to be a lot more open with the people whose well-being it aims to ensure. . . . Without open and honest discussion, executives and traders don't have a good sense of where interest rates are headed given the outlook for the economy, and monetary policy doesn't have the desired effect in the marketplace. Worse, the lack of transparency robs the ECB of the credibility and legitimacy a modern central bank requires."


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COMMENTARY

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William D. Cohan

"President Obama, the time has come for you to do in your second term what many people hoped you would do in the first: Institute meaningful reform on Wall Street." An essential first step is to "bring in a new group of people who not only understand how Wall Street really works but also have dedicated much of their lives to changing it."

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Mark Buchanan

"The underlying assumption is that growth is always the proper goal. What if that assumption were wrong? . . . What if, in the very long term, economic growth had some natural limit, beyond which it actually became detrimental to the survival of the human race?"

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Noah Feldman

"Referendums on same-sex marriage and medical marijuana represent genuine change -- and will have an impact at the Supreme Court as well." For the gay-rights movement, "these popular referendums approving same-sex marriage could not have come at a better moment. More than any lower-court decision, they let the justices know that the time for same-sex marriage is near."
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Simon Johnson

"President Barack Obama needs a new Treasury secretary. . . . A new Treasury secretary must help the president navigate a series of difficult decisions on fiscal policy -- and find a broader compromise that puts our national debt onto a more sustainable path. . . . But the Treasury secretary also has to worry about the other major cause of our economic malaise: a financial sector that is prone to blowing itself up."

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Albert R. Hunt

"There are striking parallels between Barack Obama's re-election victory last week and that of George W. Bush in 2004." Both "managed to define the race and the opposition before their slow-to-react challengers could. . . . The danger for Obama is that the parallels will continue to apply after Nov. 6. Failing to appreciate the need to change internally and adopt bipartisan compromise, Bush's second term was a failure."
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Colin Woodard

"Looking at the country through a regional lens, Democrats have good reason to be optimistic that they will keep control of the White House and Senate in coming years. The population of the Spanish borderlands is growing. Tidewater is joining the 'blue' coalition, putting an end to the notion of a 'solid south.' "

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FROM THE BLOGS

The Ticker

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Jonathan Weil on how to help a sick French bank look healthy
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The Ticker

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Lisa Beyer on Iran's case for shooting a U.S. drone
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The Ticker

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Josh Barro on six things we'll never know about Mitt Romney
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