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A quick look at Bloomberg News's opinion section

May 13, 2014 For more, visit
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IMMIGRATION:The Editors: "To secure U.S. borders and win Republican support for immigration reform, President Barack Obama stepped up deportations of unauthorized immigrants, especially those with criminal records. Whether the border is now more 'secure' is debatable. Certainly Republicans haven't been persuaded. Yet for the nations of Central America, these policies have been a disaster."
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WALL STREET: "Valeant's and Pershing Square's team bid for Allergan Inc., with a bidder and an activist working together to build a toehold to support a hostile takeover, is turning into sort of a weird textbook for the Future of Mergers & Acquisitions," Matt Levine writes. "But one long-standing, obvious textbook lesson is that, if you're a board, and someone makes a hostile bid for your company, you say no."
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EUROPE: "Austrian Tom Neuwirth's stage image in the Eurovision Song Contest, the bearded lady Conchita Wurst, was calculated to shock and cause controversy," Leonid Bershidsky writes. "It was also a political gamble that paid off throughout Europe."
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POLITICS: "Republicans are moving ahead with a plan intended to limit presidential debates during the primaries -- including a threat that candidates who participate in debates not sanctioned by the party will be excluded from the official ones." Jonathan Bernstein: "This raises an obvious question: What's the point of debates leading up to the nomination, anyway?"
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TAXES: "Tucked into the U.K., the world's seventh-richest country with an economy worth about $2.5 trillion per year, is an island of very rich people." Mark Gilbert: "The U.K.'s relatively benign tax architecture is undoubtedly a strong selling point, but the main attractions for the world's wealthy are a legal regime that respects private property, a relatively noncorrupt political system and an economy that typically drifts rather than lurches."
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INEQUALITY: "New York's new mayor swept into office on a campaign against inequality. President Barack Obama has made any number of speeches about the rich who don't pay their fair share. And yet, nationwide, this has not translated into big gains for the Democrats who are pushing it," Megan McArdle writes. "Why is a phenomenon that keeps being heralded as the defining issue of our time such weak tea at the ballot box?"
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ALIBABA: @JonathanWeil (Jonathan Weil): Who is checking the numbers at Alibaba? And how are they doing it from Hong Kong?
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RETIREMENT: "Voters in Ontario, Canada's largest province, will decide next month whether to give the current Liberal government another term in office. One of the central issues in the campaign is a Liberal Party proposal for a new mandatory province-wide pension plan for anyone not already covered by a workplace plan, to be paid for jointly by employers and workers." Christopher Flavelle: "Whoever wins the campaign, the debate around the pension plan is a test case for the kind of retirement fix that may be necessary in the U.S."
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MENTAL HEALTH: "Representatives Tim Murphy and Ron Barber both have reasons for wanting Congress to address mental-health issues," writes Ramesh Ponnuru. "The two have introduced rival bills on the topic -- and are now in an increasingly bitter dispute. ... Beneath the charges of partisanship, though, lies a real philosophical divide on how to handle mental illness."
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INDIA: "Few central bankers have had as much success in so short a period as India's Raghuram Rajan." William Pesek: "Eight months ago, when Rajan took over as head of the Reserve Bank of India, the rupee was in a free fall, speculators were betting on a debt crisis, and economists buzzed about India being the first BRIC (Brazil, Russia, India and China) nation to have its credit rating cut to junk. ... But Rajan is about to confront an even bigger challenge: India's dysfunctional politics."
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