Subject: Share the View: True Union
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Mon, 17 Dec 2012 04:01:55 -0600

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SHARE THE VIEW

A quick look at Bloomberg News's opinion section

December 17, 2012 For more, visit 
http://click.email.bloomberg.com/?qs=950df10ff34f7875646160c705508240a26c408d2cf7ce491d91a67672dc5bce 
www.bloomberg.com/view 

http://click.email.bloomberg.com/?qs=950df10ff34f78758beea03a8015d28123bec4d7f17e7b12a9d410945fd7dbd8 
FROM THE EDITORS» 

U.S.: "Almost lost in the fiscal cliff debate is whether to extend two programs, the payroll-tax holiday and extended federal unemployment benefits. They have helped gird the economy over the past four years by putting more money in consumers' pockets. They should be continued, though perhaps in less-generous form."

http://click.email.bloomberg.com/?qs=950df10ff34f78750db50b807ca74a48fd7a828d1c074687cda9d244b7df9b50 
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EU:
By March 2014, the European Central Bank will become the hub of bank supervision for the 17 countries using the euro. The European Union's agreement on the matter "goes beyond the stopgap measures typical of Europe's crisis management since Greece's near-collapse in 2010. . . . The fact that leaders could agree on a single banking authority shows there is a desire and the political will to achieve a true economic union." 

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COMMENTARY

http://click.email.bloomberg.com/?qs=950df10ff34f7875e975527b992e0bea8df6407a68c8e4f8dda081a1b8f2d736 
William D. Cohan» 
Who will Obama pick to be the next Federal Reserve chairman? "The usual list of highly qualified candidates to replace Bernanke -- including Lawrence Summers, the former Treasury secretary and Harvard University president; Janet Yellen, a current vice chairman of the Fed; and Alan Krueger, the precocious chairman of the White House Council of Economic Advisers -- misses the person who probably wants it the most and continues to have Obama's ear on a regular basis." Treasury Secretary Tim Geithner. 
http://click.email.bloomberg.com/?qs=950df10ff34f7875065db55378b595d2af7b13de0d1970dd773cf0fb9dfbc851 
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http://click.email.bloomberg.com/?qs=950df10ff34f7875850a1c79222b7256e08f1c2108131cd08abb4ee961d8163b 
Virginia Postrel» 

Complaints about the lack of significant U.S. innovations "says less about economic or technological reality than it does about the power of a certain 20th-century technological glamour: all those images of space flight, elevated highways and flying cars, with their promise of escape from mundane existence into a better, more exciting place called The Future. These visions imprinted themselves so vividly on the public's consciousness that they left some of the smartest, most technologically savvy denizens of the 21st century blind to much of the progress we actually enjoy."

http://click.email.bloomberg.com/?qs=950df10ff34f787530691970d3ca4793de1e145c001f2659eb46f911bc382f96 
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http://click.email.bloomberg.com/?qs=950df10ff34f7875857b713deccdde442356835e83573cde3529c4e9346b10fd 
Albert R. Hunt» 
"The Republican obsession with lower marginal tax rates for the more affluent defies economic and political reality. Polls show strong support for Obama's position on the top rate." 
http://click.email.bloomberg.com/?qs=950df10ff34f7875f810b2c62580114493534f9accfd9847d79bcacbae61aad5 
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http://click.email.bloomberg.com/?qs=950df10ff34f78756a3675b89cf9869470d3bc22a016bf5b20919c65c521a8de 
A. Gary Shilling» 

"Most of us still look at China, the world's second-largest economy, as the undisputed leader among major developing countries. In the long run, however, I'm betting on India to emerge as the more significant global economy."

http://click.email.bloomberg.com/?qs=950df10ff34f7875129876af49aa2abc624c6e3599652fe6f91688856ef48431 
Read part one of a five-part series on India» 

http://click.email.bloomberg.com/?qs=950df10ff34f7875df3db2c2ee07b1ba4f650926d7a576d53dc6ee5831ae8552 
Lee Hamilton, Thomas Pickering and Anthony Zinni» 

"As the U.S. Congress prepares to tighten the vise around Iran with new sanctions, American leaders need to ask what previous measures have accomplished and whether additional ones would help or hurt efforts to prevent Iran from acquiring a nuclear weapon. . . . Additional penalties would undermine efforts to test the effectiveness of existing sanctions." 
http://click.email.bloomberg.com/?qs=950df10ff34f7875b3c43bff7776a509538b4e6d0aaa84d43af12062530c5b13 
Read More» 

FROM THE BLOGS

The Ticker

http://click.email.bloomberg.com/?qs=950df10ff34f7875154e13440eb7d62422ebfecee87df5ac67e22cafba71c651 
Josh Barro on doctors as crony capitalists 
http://click.email.bloomberg.com/?qs=950df10ff34f7875646160c705508240a26c408d2cf7ce491d91a67672dc5bce 
»

The Ticker

http://click.email.bloomberg.com/?qs=950df10ff34f7875d3564ee5a8d06295898ce5003ac64b3d985a7271b76fc268 
James Gibney on Susan Rice's next move 
http://click.email.bloomberg.com/?qs=950df10ff34f7875646160c705508240a26c408d2cf7ce491d91a67672dc5bce 
»

The Ticker

http://click.email.bloomberg.com/?qs=950df10ff34f78758f16c27bca7fcf89414ec4873da969f8d56356b4ffe609ca 
Francis Wilkinson on Republicans offending their own constituencies 
http://click.email.bloomberg.com/?qs=950df10ff34f7875646160c705508240a26c408d2cf7ce491d91a67672dc5bce 
»

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