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A quick look at Bloomberg News's opinion section

January 30, 2014For more, visit
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MYRA: The Editors: "President Barack Obama wants to give low-wage workers a new way to save for retirement. His proposal might do some good -- not by helping workers, most of whom are unlikely to take advantage of it, but by spurring a discussion about how to fix a broken retirement system."
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FARM BILL: "Congress actually did something today: The House passed a Farm Bill," Jonathan Bernstein writes. This suggests a formula for other bills: "If mainstream Senate Democrats (and the White House) and mainstream House Republicans want something to pass, it will happen."
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STATE OF THE UNION: Clive Crook: "When it comes to domestic policy, speeches are one of only a few instruments of presidential power. They're worth doing well. Last night's was done well."
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EXECUTIVE ORDERS:

Cass R. Sunstein: "The president has an assortment of different tools, and it is important to distinguish among them. 'Executive orders,' issued by the president personally, often involve large-scale, government-wide matters, and contain his own orders to the officials who work for him."
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Jonathan Bernstein: "Why are Republicans making a big stink about executive orders? ... Precisely because no one actually cares about procedure, getting the rubes all riled up about it is absolutely, positively safe."
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TURKEY: At an emergency midnight session, Turkey's central bank "more than doubled its main weekly repurchasing rate, to 10 percent from 4.5 percent, and raised its overnight lending rate to 12 percent from 7.75 percent," the Editors write. "In doing so, the bank finally broke Prime Minister Recep Tayyip Erdogan's spell over monetary policy, bringing hope not just for Turkey's ability to bring its economy back, but also for emerging markets as a whole."
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OLYMPICS: "The National Hockey League is reportedly mulling keeping its players home for the Winter Olympics," writes Kavitha A. Davidson. "Should the NHL decide not to send players to Sochi, the International Olympic Committee could find itself in the midst of a logistical and public-relations nightmare."
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MONEY MANAGERS: Matthew C. Klein: "A new report from the National Association of College and University Business Officers and the Commonfund Institute reinforces what has been pretty clear for some time: Rather than earning their pay and delivering the superior returns universities are seeking," many money managers are underperforming simple index funds.
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NCAA: "The NCAA should be begging college athletes to form a union," Jonathan Mahler writes. The Northwestern University football players' demands are relative to "the NCAA's most fearsome competition: a free market."
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EUROPEAN BANKS: "Today the European Commission proposed rules that would prohibit systemically important European banks from engaging in proprietary trading," Matt Levine writes. "I guess 'enrage everyone equally' is no worse a regulatory approach than any other."
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INDIA: Rahul Gandhi's first television interview "was billed as 'the biggest political interview of the year,'" writes Chandrahas Choudhury. "After all, Gandhi, one of India's most powerful if enigmatic men, had never given an interviewer such access in more than a decade in public life. But the prospect proved more exciting than the reality."
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SHORT SELLING: Jonathan Weil: One of the market's best-performing stocks on Tuesday "was a company called World Acceptance Corp., which makes small loans to people whose finances are in dreadful condition, many of whom can't even get a credit card. This is a lucrative business, as long as the cops don't clamp down too hard. And so far they haven't, notwithstanding the efforts of some hedge funds that have shorted World Acceptance's shares."
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BASEBALL: A.J. Burnett's announcement that he will pitch in 2014 "has given teams the perfect reminder not to succumb to offseason desperation," Kavitha A. Davidson writes.
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