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Cabinet members: Don't quit on Trump
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DATE:
2017-08-17 09:03:15
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}A daily digest of opinions and analysisTrump’s Cabinet Must Put Country Ahead of PresidentIt's hard to fault anyone who would resign over Donald Trump’s response to the racist violence in Virginia last weekend. Indeed, the CEOs who fled his business councils were right to do so, both morally and strategically. But this particular White House can’t afford to lose any talented aides and cabinet members — especially those who would protect the country from Trump’s dangerous instincts. The Bloomberg View editorial board calls on them to defend America from its indefensible president.U.S. Natural Gas Market Sees Big Benefits From NaftaThe Trump administration struck a tough tone as Nafta renegotiations kicked off Wednesday, but ending the pact could cause major problems for an industry he otherwise supports. Shelley Goldberg sizes up the trade deal’s substantial effect on the U.S. energy sector.Bring Back Make-Work ProgramsMark Zuckerberg can wax poetic all he wants about universal basic income. Would widespread idleness really work to society’s benefit (as opposed to, say, Facebook)? A doubtful Jared Dillian breaks with his fellow libertarians, calling for a New Deal-style labor program that would give meaningful work to those who would otherwise have none.The Jobs Most Segregated by Gender and RaceIt’s lonely being a male speech therapist, an Asian veterinarian, a female crane operator, or an African American airline pilot. These, of course, are some of the least-diverse occupations in America. Delving into the latest data, Justin Fox takes stock of how wide the country's professional and pay gaps really are.Is This the World’s Most Ridiculous Constitutional Crisis?Over the past month, five members of Australia’s parliament admitted they may have to leave office — because they unwittingly held dual citizenship. But in a country where half of all permanent residents are first- or second-generation migrants, why should that matter? David Fickling says the tangle over Australia’s constitution should lead countries around the world to rethink their citizenship restrictions.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsWhen cheaper P/E ratios mean nothing (MoneyBeat)Hedge funds have stopped hemorrhaging U.S. endowment clients (Bloomberg)How brokerage app Robinhood got millennials to love the market (Fast Company)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyFiduciary rule critics cry wolfPrivate equity follows the moneyEnergy Transfer thanks you for your generosity(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe
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