Articles by Bloomberg
Bloomberg
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[Leonid Bershidsky] Europe must learn to work with its autocrats
The landslide victory of Prime Minister Viktor Orban’s Fidesz party in Sunday’s election in Hungary may have disappointed European liberals -- but it drives home an important truth: The limits of the acceptable on the right flank of European politics are moving further to the right. Orban has often been described as Europe’s black sheep, an outsider challenging European values, setting a bad example for others, and emboldening parties of the far-right fringe in Western Europe. Indeed, French nat
Viewpoints April 11, 2018
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[Timothy L. O’Brien] Reality meets reality TV in Oval Office
The Trump Era began when the future president descended into Trump Tower’s lobby on June 16, 2015, aboard an escalator. He launched his campaign there with a speech in which he promised to build a “great, great wall on our southern border.” Trump has clung to that idea ever since. On Wednesday he vowed to send the National Guard to the southern border to patrol the area until the wall is built. Trump also vowed in that 2015 speech that “nobody would be tougher on ISIS than Donald Trump,” referri
Viewpoints April 9, 2018
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[Stephen Roach] US needs China more than China needs US
Not one to be outdone by any adversary, Donald Trump has upped the ante in a rapidly escalating trade war with China, threatening an additional $100 billion of tariffs on top of the initial round of $50 billion. In doing so, the Trump administration is failing to appreciate a crucial reality: The United States needs China more than China needs the US. Yes, China is still an export-led economy, and the American consumer is its largest customer. But China’s export share of its gross domestic produ
Viewpoints April 9, 2018
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[Cass R. Sunstein] Bad nudge from California
Should coffee come with a cancer warning? As a matter of policy, the answer seems obvious: Of course not. As a matter of law, it’s much more complicated, at least in California. A tentative judicial ruling in Los Angeles County last week suggests that when people go to the local coffee place, their morning ritual is going to be accompanied by a jolt of fear. It could potentially turn into a fiasco, I think, and it tells us something important about how well-intentioned laws can go badly wrong. T
Viewpoints April 9, 2018
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[Tyler Cowen] How gender relations define today’s politics
Explanations of the Donald Trump phenomenon often start with conservatives versus liberals, the rural-urban split, or perhaps race and immigration. Those all play a role, but the accumulation of evidence is validating a hypothesis from New York Times columnist Ross Douthat: A big and very fundamental split in American electoral politics today is between different understandings of sex and gender relations. I am struck by a recent poll by the Pew Research Center. Millennial women, defined as the
Viewpoints April 9, 2018
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[Hal Brands] Trump’s trade victory over South Korea will end in defeat
Donald Trump says he got a “great deal” in renegotiating America’s bilateral trade agreement with South Korea. This is the first trade pact Trump has successfully revised, and it reflects the intellectual core of his America First approach to trade: The US can use its great economic and geopolitical leverage to drive harder bargains with weaker powers. That approach appears to have worked in the South Korea case, at least in a modest way. But limitations and dangers lurk should the president try
Viewpoints April 8, 2018
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[Stephen L. Carter] Spies tracking our phones? Don’t be so shocked
The press has been in a lather of late over reports that the Department of Homeland Security had discovered evidence that cellphone tracking tools were being used by “unauthorized” parties in and around Washington. Formally known as International Mobile Subscriber Identity catchers, and often called stingrays, these devices fool your phone’s baseband into believing it is in contact with a cell tower. IMSI catchers can use your phone’s signal to track your movements and contacts. In some cases th
Viewpoints April 8, 2018
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[Andrew Polk] China’s financial opening isn’t quite what it seems
Although trade tensions between the US and China show no signs of abating, there are some reasons for cautious optimism. One is that the Americans have finally gotten around to giving the Chinese a concrete list of demands -- and, on at least one score, China is prepared to deal.The Chinese financial market has long been closed to foreign ownership, despite widespread criticism from the US and others. In November, following Donald Trump’s state visit to Beijing, China’s finance ministry announce
Viewpoints April 5, 2018
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[Tyler Cowen] Two American power centers are about to clash
Not long ago I attended an informal session in San Francisco on, basically, how to make the world a better place. Most of the attendees were from the Bay Area, and the technology industry. I was struck by how their approaches and perspectives differed from what I am used to, living in Northern Virginia, just outside of Washington. Many participants announced visions of a better and very different future, such as letting top scientists operate without financial constraints. It was implied that we
Viewpoints April 5, 2018
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[Jason Schenker] Trade tensions are already hitting industrial-metal prices
The prices of industrial metals, oil and other commodities have risen significantly since the Chinese manufacturing recession ended in June 2016. But many have fallen from their highs in January 2018, first in reaction to the risk of higher interest rates and now, more critically, because of trade tensions and the potential for global manufacturing and growth to be slower than expected. The potential for slower growth due to US and reciprocal tariffs was highlighted by the International Monetary
Viewpoints April 5, 2018
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[Cass R. Sunstein] How to think about threat to America
For the first time since the 1940s, Americans have been asking: Can it happen here? The question, which has been debated in the US for months, is meant to draw attention to the potential fragility of democratic self-government -- and to emphasize that in some periods, democracies are especially likely to turn in authoritarian directions. It would be fair to pose that question in any case in light of China’s continued rise, Russia’s resurgent aggression and the disturbing developments in Turkey,
Viewpoints April 4, 2018
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[Virginia Postrel] Politics of ‘Roseanne’ are recognition and empathy
Before Wednesday evening, I’d never seen a single episode of “Roseanne.” But in the interest of cultural commentary, I cranked up my ABC.com app to see what all the fuss -- and the extraordinarily high ratings -- was about. Here’s what I learned. 1) It’s knowing. From the moment Dan Conner (John Goodman) wakes with a start, we’re in a familiar world rarely seen on TV. His face is covered by a plastic mask with a breathing tube. The show assumes the audience recognizes what it is: a CPAP (continu
Viewpoints April 3, 2018
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[Eli Lake] Don’t expect Trump’s new hawks to save the war in Syria
The conventional wisdom in Washington these days says that Secretary of Defense James Mattis is the one man who can save the nation from war. The new secretary of state, Mike Pompeo, is a hawk’s hawk. And don’t get the foreign policy establishment started on incoming national security adviser, John Bolton. President Donald Trump himself pines for military parades and asserts that torturing terrorists “works.” Like most conventional wisdom in the Trump era, however, this is all wrong -- for a num
Viewpoints April 3, 2018
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[Hal Brands] Only the US can sustain the peace in Taiwan
Recent weeks have seen significant developments in the awkward three-way relationship between Taiwan, China and the US. First, President Donald Trump signed the Taiwan Travel Act, which made it American policy to encourage greater high-level contacts — including defense and national security ones — with Taiwan, despite the displeasure those contacts will surely incur from China. Second, Taiwan’s spy chief warned that a more empowered and assertive Chinese government, under the leadership of Pres
Viewpoints April 2, 2018
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[Mihir Sharma] Is India ready to take on China?
As the People’s Republic of China continues its rise, Asia and the world are scrambling to keep their balance. Among China’s neighbors and rivals, few countries seem willing or ready to counter the challenge it poses. Japan is struggling with decades of diffidence internationally and the strictures of its postwar constitution. The countries of Southeast Asia are divided among themselves about the virtues of growing closer to China, while Australia is split internally over the same question. Euro
Viewpoints April 2, 2018
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