Bloomberg.com - Bloomberg View Stories http://www.bloomberg.com/feed/bview/ Bloomberg View Stories on Bloomberg.com en-gb When Presidents Lose Top Deputies to Scandals Top officials sometimes have to go c5936180a2c50130878d58d38561c600 Sun, 19 May 2013 11:34:13 -0400 Albert R. Hunt http://www.bloomberg.com/news/2013-05-19/when-presidents-lose-top-deputies-to-scandals.html How Obama Can Rescue His Presidency From Faux Scandals Here’s the White House view of the current trilogy of so-called scandals: Republicans are trying to destroy President Barack Obama’s second term by magnifying bureaucratic miscues and distorting policy realities. This isn’t without some merit. MN03XP0D9L3501 Sun, 19 May 2013 10:52:59 -0400 Albert R. Hunt http://www.bloomberg.com/news/2013-05-19/how-obama-can-rescue-his-presidency-from-faux-scandals.html America's IRS Scandal Is Better Than Canada's The good news is that the system of checks and balances worked. bbdcbb00a161013086c558d38561c600 Fri, 17 May 2013 16:59:35 -0400 Christopher Flavelle http://www.bloomberg.com/news/2013-05-17/america-s-irs-scandal-is-better-than-canada-s.html Jack Lew Promises Quick Changes at the IRS U.S. Treasury Secretary Jacob J. Lew said there will be quick results on any reshaping of the Internal Revenue Service. Acting Commissioner Daniel Werfel will “get started full-bore next Wednesday and within 30 days he will report to me and we will report to the president on actions taken,” Lew told me on Bloomberg Television today. MMYMKA0D9L3501 Fri, 17 May 2013 16:36:10 -0400 Albert R. Hunt http://www.bloomberg.com/news/2013-05-17/jack-lew-promises-quick-changes-at-the-irs.html The Almost-Good Reasons Toronto Elected Rob Ford But I have bad news for you, Canada: Americans have learned about Rob Ford, and we’ll have no more of your smug superiority af767a00a1590130869158d38561c600 Fri, 17 May 2013 16:22:04 -0400 Josh Barro http://www.bloomberg.com/news/2013-05-17/the-almost-good-reasons-toronto-elected-rob-ford.html A Bureaucrat Could Explain the IRS Scandal The IRS, with more than 100,000 employees and dozens of offices across the country, is a bureaucracy.  47464d30a15a0130869458d38561c600 Fri, 17 May 2013 16:04:02 -0400 James Greiff http://www.bloomberg.com/news/2013-05-17/a-bureaucrat-could-explain-the-irs-scandal.html How Benjamin Graham Revolutionized Shareholder Activism Today, Benjamin Graham is known primarily as Warren Buffett’s investing mentor and the author of multiple classics about value investing. Toward the end of his life, in the 1973 edition of “The Intelligent Investor,” Graham wrote, “Ever since 1934 we have argued in our writings for a more intelligent and energetic attitude by stockholders toward their managements”. MMYIWA1A74E901 Fri, 17 May 2013 15:54:33 -0400 Joe Carlen http://www.bloomberg.com/news/2013-05-17/how-benjamin-graham-revolutionized-shareholder-activism.html Wanted: Syrian Rebels. No Cannibals Need Apply. When God wants to dampen the enthusiasm of interventionists, he sends in the cannibals.This is the best explanation I can come up with to help me understand the events in Syria over the past week or two. b086d0e0a1510130866958d38561c600 Fri, 17 May 2013 15:30:55 -0400 Jeffrey Goldberg http://www.bloomberg.com/news/2013-05-17/wanted-syrian-rebels-no-cannibals-need-apply-.html Oregon's Radical Health Overhaul Blazes New Trail Talk to people in Oregon about health care for long and eventually you will be asked something like this: “You’ve heard the air conditioner story, right?” MMYDN20UQVI901 Fri, 17 May 2013 13:23:26 -0400 Ezra Klein http://www.bloomberg.com/news/2013-05-17/oregon-s-radical-health-overhaul-blazes-new-trail.html Europe’s Welfare States Can Teach U.S. How to Be Pro-Market Modern fiscal conservatism has wrapped itself in one whopper of a false choice: That the U.S. must decide between economic growth and the welfare state. 15482e20a13f0130861358d38561c600 Fri, 17 May 2013 13:07:10 -0400 Evan Soltas http://www.bloomberg.com/news/2013-05-17/europe-s-welfare-states-can-teach-u-s-how-to-be-pro-market.html Helping India's Poorest Farmers, One Acre at a Time  Development comes to India's subsistence farmers e2ceeab0a1220130854f58d38561c600 Fri, 17 May 2013 12:35:52 -0400 Chandrahas Choudhury http://www.bloomberg.com/news/2013-05-17/helping-india-s-poorest-framers-one-acre-at-a-time-.html Economic History Roundup What was your favorite economic history story this week?  8c4db400a13b013085ff58d38561c600 Fri, 17 May 2013 12:21:52 -0400 Kirsten Salyer http://www.bloomberg.com/news/2013-05-17/economic-history-roundup.html Big Banks Losing Grip on Derivatives The derivatives cabal is slowly but surely headed for a break-up. c046b550a1240130856858d38561c600 Fri, 17 May 2013 10:00:40 -0400 Paula Dwyer http://www.bloomberg.com/news/2013-05-17/big-banks-losing-grip-on-derivatives.html As North Pole Melts, U.S. Arctic Policy Needs to Heat Up This week’s decision by the Arctic Council, led by the eight nations with Arctic territory, to accept China, India, Japan and three other countries as new observers points to the region’s growing importance. It’s also a sharp reminder of the need for the U.S., the council’s biggest player, to do more to prevent a destabilizing Great Game from unfolding at the top of the world. MMWX540D9L3501 Thu, 16 May 2013 18:45:00 -0400 the Editors http://www.bloomberg.com/news/2013-05-16/as-north-pole-melts-u-s-arctic-policy-needs-to-heat-up.html Power Grab Trumps Nanotechnology in Putin’s Russia Russian President Vladimir Putin’s changing attitude toward two giant government-led high-tech projects sends a troubling message about his third term in office: Maintaining power is more important than modernizing the economy. MMWWPS0D9L3501 Thu, 16 May 2013 18:20:16 -0400 Leonid Bershidsky http://www.bloomberg.com/news/2013-05-16/power-grab-trumps-nanotechnology-in-putin-s-russia.html To Help Worker Safety, Bring Back Managed Trade If all it took were official cajoling, public shaming, technical assistance or corporate promises, factory jobs in Bangladesh and other developing countries wouldn’t be so deadly. MMWV760YHQ0Y01 Thu, 16 May 2013 18:08:13 -0400 Alan Tonelson http://www.bloomberg.com/news/2013-05-16/to-help-worker-safety-bring-back-managed-trade.html Goldman Sachs Wins Even When Muzzled by the Feds Almost three years ago, when Goldman Sachs Group Inc. paid $550 million to settle fraud accusations by the Securities and Exchange Commission, one of the claims was that Goldman misled the bond-insurer ACA Financial Guaranty Corp. in a horribly complex deal named Abacus. MMWSWE1A1I4H01 Thu, 16 May 2013 18:00:57 -0400 Jonathan Weil http://www.bloomberg.com/news/2013-05-16/goldman-sachs-wins-even-when-muzzled-by-the-feds.html Note to Media: The First Amendment Protects All of Us President Barack Obama’s administration announced this week that it is throwing its support behind the press shield law that has been stalled in Congress since time immemorial. Critics insist that the administration, suddenly mired in scandal, is simply trying to curry favor with the news media, but the proposal deserves to be judged on its merits. MMWUH807SXKY01 Thu, 16 May 2013 18:00:06 -0400 Stephen L. Carter http://www.bloomberg.com/news/2013-05-16/note-to-media-the-first-amendment-protects-all-of-us.html Is This Another Bubble? We Can’t Know Without Better Data Are the easy-money policies of the world’s central banks setting financial markets up for a crash? We would have a much better idea if we measured how much of the buying is being done with borrowed money. MMWQQ407SXKX01 Thu, 16 May 2013 18:00:00 -0400 the Editors http://www.bloomberg.com/news/2013-05-16/is-this-another-bubble-we-can-t-know-without-better-data.html Three Asian Democracies, One Lame-Duck Problem Voters in the Philippines appear to have delivered a resounding victory to President Benigno Aquino in midterm elections. The son of former President Corazon Aquino looks set to control both houses of Congress, giving him a mandate to continue his reform policies. His biggest worry now is making them stick. MMWMOK0YHQ0X01 Thu, 16 May 2013 17:00:01 -0400 William Pesek http://www.bloomberg.com/news/2013-05-16/three-asian-democracies-one-lame-duck-problem.html