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A quick look at Bloomberg News's opinion section

November 29, 2012 For more, visit
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www.bloomberg.com/view

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FROM THE EDITORS

Trade: "One of the biggest worries of the 21st century -- the vast imbalances in global trade and capital flows that helped cause the financial cataclysm of 2008 -- has largely fallen off the radar of the world's economic policy makers. Unless they take the measures needed to get trade flows under control, it will be back."


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FAA: Here's an easy spending cut: "The $10 million a year wasted on overstaffed and unneeded Federal Aviation Administration facilities. . . . A Bloomberg News investigation this month found that one-third of FAA-staffed airport towers and radar rooms don't handle enough traffic to justify round-the-clock operations. They should be closed at night."


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COMMENTARY

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Ezra Klein

The austerity crisis known as the "fiscal cliff" is a "measure of how poorly Washington works. Legislators from both parties have concluded that crises are the only impetus to get anything -- and thus the opportunity to get everything -- done."

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Caroline Baum

"If Congress wants to reduce the deficit, stabilize the debt, put spending and revenue on a sustainable path, or all of the above, it has to go where the money is. And the money, or the growth in spending, is in entitlements."
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Margaret Carlson

Republican Senators Lindsey Graham and John McCain "have been plotting for weeks to stop Susan Rice, the U.S. ambassador to the United Nations, from rising any further in the Washington firmament. . . . It's hard enough to know what really happened in Benghazi in September. It's harder still to implicate Rice in some kind of cover-up."

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Jonathan Mahler

The undefeated Ohio State Buckeyes "aren't allowed to play in any postseason bowl games because of some violations of National Collegiate Athletic Association rules. This inconvenient fact may leave an asterisk next to the Buckeyes' unblemished 2012 season. But it's going to leave a much bigger one next to the entire college football season itself."

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Shikha Dalmia

For inspiration on immigration reform, "Americans need look no farther than Canada. Canada's provincial-nominee program, while not perfect, avoids the economically meaningless distinctions between skilled and unskilled workers that bedevil the employment-based U.S. immigration laws. It also puts in place incentives to treat foreign workers not as foes but as friends whose labor and skills are vital to the economy."

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FROM THE BLOGS

The Ticker

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Evan Soltas on the expiration of the Bush tax cuts
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World View

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Leonid Bershidsky on Ukraine's costly addiction to the dollar
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The Ticker

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Marc Champion on London Mayor Boris Johnson's efforts to poach investors from France
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