Subject: Share the View -- on the Angry Sun and a Prescriptionless Pill
From: "Bloomberg View -- Tobin Harshaw" <[email-masked]>
To: <[email-masked]>
Date: Fri, 9 Mar 2012 05:04:26 -0500

_Share the View_
   _Bloomberg View _

A Quick Look at Bloomberg News's Opinion Section for March 9,  2012

   Maybe Chicken Little had a point after all. "On the eve of daylight-saving
   time, came a solar storm that was expected to beat the daylights out of the
   Earth’s magnetic field," warn the View editors. "Earthlings braced for
   breakdowns in radio and satellite communications and possible damage to
   electricity grids. Nothing bad happened, as it turned out. Depending on a
   solar storm’s magnetic orientation, it can be large and fast yet still
   harmless. That’s what happened this time. Do not rest easy. More and greater
   magnetic activity will continue in the months ahead as we close in on the
   so-called solar maximum in 2013, when activity in the sun’s magnetic field
   reaches its 11-year peak." [2]Link.
     Links:
       2. http://bloom.bg/x16Hyl

   If the dangers of solar storms are underestimated, those of oral birth
   control are overstated, according to View columnist Virginia Postrel:
   "Making the pill available over the counter could reduce the amount of
   outrage and invective available for entertaining radio audiences, spurring
   political fundraising and otherwise amusing the American public. But the
   medical risks are quite low." Once again, leave it to the market. [3]Link.
     Links:
       3. http://bloom.bg/AvMZ5d

   "The U.S. unemployment rate is 8.3 percent," notes op-ed contributor Matthew
   Yglesias. "In North Dakota, however, it was just 3.3 percent in December,
   the latest month for which figures are available. There’s no mystery about
   why North Dakota is booming: They’ve struck oil! Production has increased
   more than fourfold since the beginning of 2008 and shows no signs of slowing
   down. And where there’s an oil boom, a jobs boom follows." Yet we haven't
   noticed many workers following that boom. "Why don’t they?" asks
   Yglesias. "The first reason is housing costs. So many people have already
   moved to North Dakota that there’s no place to put them." [4]Link.
     Links:
       4. http://bloom.bg/wlDEdQ

   China hasn't played fair on the yuan's valuation, but the U.S. has bigger
   problems with the growing power, writes op-ed contributor Samuel Sherraden:
   "Complaints from U.S. leaders about China’s currency manipulation may be
   misplaced and leave America more vulnerable to a Chinese economic decline.
   Rather than stoke the fire over currency manipulation, U.S. officials should
   consider reducing exposure to China through trade and financial flows and
   assess what stimulus and pro-growth measures America would undertake if
   China’s growth waned. At the same time, the U.S. should continue to pressure
   China to transition from growth driven by net exports and investment, to
   growth driven by greater household consumption." [5]Link.
     Links:
       5. http://bloom.bg/wwUDtr

   "Right after a Delaware state judge issued his ruling last week in a
   shareholder lawsuit contesting Kinder Morgan Inc.’s purchase of El Paso
   Corp., the public finger-wagging aimed at Goldman Sachs Group Inc. began,"
   notes columnist Jonathan Weil, who doesn't think the top bank on Wall Street
   will pay much attention. "While it’s always fun to fantasize about Goldman
   losing at anything, one gnawing question stands out: What exactly did the
   company lose? The answer is nothing, as far as I can tell. Actually, it won
   big."

   Also, the View editors want the Germans to follow their leader; columnist
   Jonathan Alter looks at the latest online political revolution; and World
   View contributor Adam Minter reports on a firestorm over the Nanjing
   Massacre.

   To see if you share the View, go to [6]www.bloomberg.com/view.
   And check out our editors' blog, [7]The Ticker.
     Links:
       6. http://www.bloomberg.com/view
       7. http://www.bloomberg.com/view/the-ticker

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