Subject: Share the View -- China's Rotary Club
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 25 May 2012 08:59:57 +0000

Share the View -- Bloomberg View

A Quick Look at Bloomberg News's Opinion Section for May 25, 2012
Share the View -- China's Rotary Club

JONATHAN WEIL: “With the benefit of hindsight, anyone can see there
must have been something amiss with the way JPMorgan Chase & Co. put
together some of the disclosures for its first-quarter earnings release
on April 13.” http://bloom.bg/KIjYpU

MICHAEL KINSLEY: Some insight following an eight-day junket to China:
“Yes, the Chinese Communist Party continues to do terrible things -- as
the case of Chen Guangcheng demonstrates. But the Party also seems to
function as sort of a Rotary Club that you join if you want to get
ahead in China’s raucous, utterly non-Communist economy."
http://bloom.bg/KIk00I

WILLIAM PESEK: “July 2 marks the 15th anniversary of the baht
devaluation that ignited one of history's worst meltdowns. Thailand's
plunge ricocheted from Indonesia to South Korea to Malaysia before
heading west. . . . Now, Europe is looking to deep-pocketed Asian
nations for help. It should be doing something else: learning the
lessons from Asia's collapse and impressive revival.”
http://bloom.bg/KXXXTM

ANDREW M. KATZENSTEIN and SCOTT A. BOWMAN: The “hubbum” surrounding the
case of Eduardo Saverin reflects misconceptions about U.S.
expatriation. “In Saverin's case, the difference between his initial
investment in Facebook and the fair-market value of the stock upon his
expatriation -- less an exemption -- is subject to the U.S. income tax.
The simple act of giving up his U.S. citizenship caused that
capital-gains tax to be due and payable immediately.”
http://bloom.bg/K1p8zD

STEPHEN L. CARTER:“Mitt Romney and his supporters have developed the
unfortunate strategy of referring to President Barack Obama as a
product of ‘the faculty lounge'. . . .The problem is [Romney’s] effort
to transform membership in a university faculty into a pejorative.”
http://bloom.bg/KXYEfS

THE EDITORS: The NATO conference this week was largely a success, from
reaching an agreement on an “irreversible” plan to withdraw the bulk of
allied forces from Afghanistan to “fighting global terrorism and other
threats through stronger alliances.” Yet “in terms of keeping America
safe and prosperous over the long haul, Obama could make no greater
contribution now than standing tough with Congress over Pentagon cuts
and finding new ways to do more with less.” http://bloom.bg/KXXZuW
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