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A quick look at Bloomberg News's opinion section

January 11, 2013 For more, visit
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FROM THE EDITORS

Mortgages: The Consumer Financial Protection Bureau's new rule "intended to strengthen mortgage standards and provide more legal protection to lenders . . . gets many things right: It requires lenders to consider specific factors in determining whether a borrower can repay a loan, including income, overall debt, employment status and credit history. . . . Yet the CFPB's rule alone won't open the lending spigot."


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Medicare: Raising the Medicare eligibility age would have expensive side effects. A study shows "people age 65 and 66 would pay more out of pocket and on premiums than they would have paid on Medicare." Here's a better idea for savings: "By requiring drugmakers to issue Medicaid-level rebates for medicines prescribed to beneficiaries who also qualify for Medicaid, Medicare could save $135 billion over 10 years."


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COMMENTARY

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Stephen L. Carter

Minting a trillion-dollar coin as a temporary measure to get around the debt ceiling limits is "a really bad idea. In the first place, it would be illegal. . . . The purpose of section 5112(k) is to allow the creation of collectors items, not money."

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Jonathan Weil

"This week's events at China's second-biggest maker of construction equipment, Zoomlion Heavy Industry Science & Technology Co., were awfully strange. It all started when a Hong Kong-based news outlet, Ming Pao Daily, published an article about an anonymously written letter it had received that accused Changsha-based Zoomlion of falsely inflating its sales." Then, "Zoomlion told the Hong Kong and Shenzhen stock exchanges to halt trading in its shares for a day."

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Amity Shlaes

"It is sad, but telling, that the economist James Buchanan died just as Congress was finishing up the details of its budget deal. Or, for that matter, that this 93-year-old Nobel Memorial Prize winner left us just as the U.S. entered the stage of enforcement of its new health-care law. . . . As Buchanan and his colleagues showed, a public interest is often just another special interest in disguise."

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William Pesek

"Expectations that a woman would be included in the Politburo Standing Committee, China's most powerful body, came to naught last year. . . . As women cool their heels for another 10 years, China has an even bigger gender problem on its hands: a girl shortage."

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Justin Welby, Archbishop of Canterbury-Elect

"It is blindingly obvious that the banking system we had a few years ago has more or less collapsed. . . . It is clear that responsibility needs to be taken and structures created that lean toward virtue rather than vice. . . . Financial services must serve society, and not rule it. They must be integrated into the economy, not semidetached. They must recognize human fallibility, not assume the effectiveness of human imagination."
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FROM THE BLOGS


The Ticker


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Francis Wilkinson on Republicans angling to blame Obama for spending cuts
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Echoes


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David Hochfelder on how bucket shops lured the masses into the market
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The Ticker


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Mary Duenwald on how the flu shot won't protect you from whooping cough
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World View

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Adam Minter on foreign basketball players in China
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