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The Latest Opinions From Bloomberg View

September 12, 2014

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bloombergview.com

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UKRAINE CRISIS
The Editors:"Despite a cease-fire in eastern Ukraine, and despite Russia's apparent withdrawal of troops from the region," the European Union has decided to impose new sanctions on Russia. "As perverse as it may sound, the sanctions make sense -- and the U.S. intends follow suit."
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FAMILY
Megan McArdle:"Governor Chris Christie has signed a bill that ends the practice of permanent alimony in the state of New Jersey. Unsurprisingly, the people who have been agitating for this change are men paying permanent alimony."
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SPORTS
Kavitha A. Davidson:"The Ray and Janay Rice story has transcended sports media into the mainstream, featured everywhere from 'Good Morning America' to 'Fox and Friends.' But no matter the outlet, one thing has remained consistent: The conversation has been dominated by men."
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TECH
Leonid Bershidsky:"Microsoft's willingness to pay a whopping $2 billion for Mojang, maker of the Minecraft computer game, might make more sense than meets the eye: The software giant would be getting an entire virtual world, which could prove a lot more valuable than a mere game company."
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WALL STREET
Matt Levine:"Here's a story for you. Warren Buffett was thinking about investing a few billion dollars in a deal. But he worried that the deal might be negatively affected by some possible legislation. To assess the odds of that legislation happening, and being bad for his deal, he did what anyone else would do if they could: He called Senator Orrin Hatch."
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INDIA
Chandrahas Choudhury:"What ails relations between India and the U.S.? Nothing, if you were to believe the leaders and diplomats tasked with keeping the road between the two well-lit and clear of obstructions."
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WAR
Jonathan Bernstein:One debate arising from President Barack Obama's speech Wednesday night "and his decision to conduct airstrikes in Iraq and Syria has been about legality and presidential authority. ... The political system works best when both branches get involved."
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INVESTING
Barry Ritholtz Chart:"Much of the anecdotal criticism of the current recovery has argued that employment has been lagging while the stock market has run too far. But as you can see in the updated chart, employment in the U.S. is actually greater than the average post-crisis recovery."
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McArdle:"The idea of divestment from fossil fuels is gaining traction on U.S. college campuses. ... I think the odds of this movement having any impact at all on the consumption of fossil fuels are statistically indistinguishable from zero. So why are endowments giving in, and thereby sacrificing potential returns? Why, for that matter, has this so fixated the students?"
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EUROPEAN ECONOMY
Bershidsky:"As Europe and Russia head into another round of sanctions, economic data are driving home an important point: Nobody stands to win in this tit-for-tat battle."
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HEALTH
Mark Gilbert:"Extinguish that e-cigarette. Rip off that nicotine patch. Spit out the nicotine chewing gum. It turns out that magic mushrooms are the way to kick that deadly smoking habit."
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LATIN AMERICA
Mac Margolis:"Diplomacy is a coded business, where every tonic syllable counts. So here's one for Latin American semioticians: How to parse Colombia's decision to hand over two young Venezuelan fugitive dissidents to the Bolivarian thought police."
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MONEY AND POLITICS
Bernstein:"So here's my question for Senate Democrats and Majority Leader Harry Reid: How many desperately needed executive branch nominees could you have confirmed in the time you wasted demagoguing campaign finance with an irresponsible constitutional amendment that finally went down?"
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