Subject: Share the View: Housing’s Wild Ride
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 26 Feb 2014 04:05:21 -0600

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SHARE THE VIEW

A quick look at Bloomberg News's opinion section

February 26, 2014For more, visit 
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BITCOIN: 

The Editors: "Let's go ahead and concede that Mt. Gox, the Bitcoin exchange that went offline today and seems to have misplaced about 365 million of its customers' dollars, might be 'the worst-run business in the history of the world,' as one Bitcoin investor recently said. One thing that is supposed to help prevent the worst-run businesses in the world from operating exchanges and losing hundreds of millions of dollars is regulation." 
http://click.email.bloomberg.com/?qs=fc4ff6dbb6051d0e445f81864331bf525e2e4f6b6a05fe0b423d8c5ddef21ca5 
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Megan McArdle: The Mt. Gox meltdown matters. "Bitcoin does not yet have enough users to continue its survival; unless more people start using it, it will go the way of laser discs and eight-track tapes." 
http://click.email.bloomberg.com/?qs=fc4ff6dbb6051d0e1c6d8435fdb6a420d189eab0ea44bc084c923931cf455908 
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HOUSING: Matthew C. Klein: "For more than a decade, the U.S. housing market has been on a wild ride -- from bubble to bust to recovery. Check out this interactive data visualization explaining what happened and why." 
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NETFLIX: "When Netflix agreed to pay to stream its movies to Comcast customers without infuriating delays, it essentially yielded to monopolistic extortion," Leonid Bershidsky writes. "The outcome, however, is good for consumers: They will not be charged for what they are not buying." 
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GUNS: "Voting rights for felons is an issue of convergence for liberals and libertarians," Francis Barry writes. "But it invites another question: What about gun rights?" 
http://click.email.bloomberg.com/?qs=454dd29967bc5864bc529ebab35a923f5431b3d32e618256fe3712d07e2a58d0 
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OBAMACARE:

Paul Howard: The recent Congressional Budget Office report on the economy should give "both liberals and conservatives pause in their preference for means-tested programs for poor and moderate-income Americans. ... Reforming safety-net programs such as Obamacare so that they don't penalize working more hours or taking a better job would allow both parties to claim victory in the battle against inequality -- helping more poor families to lift themselves out of poverty along the way." 
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Jonathan Bernstein: "The politics of Obamacare hatred keep getting goofier. I came across a television spot for Texas Lieutenant Governor David Dewhurst ... bashing the Affordable Care Act, which makes perfect sense because he's in a hotly contested renomination contest in which he's one of four Republicans trying to convince primary voters he's the True Conservative." 
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WHATSAPP: "By paying $19 billion in cash and stock for WhatsApp Inc.'s 55 employees -- $345 million apiece -- Facebook Inc. has crystallized why it's been so difficult for the U.S. to climb out of the unemployment ditch dug by the 2008 financial crisis," William D. Cohan writes. "Hiring and nurturing lots of new employees is no longer a required, or even necessary, way to build a business in the Internet age." 
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MARKET: "Just as there are rich-people problems -- it's so hard to find good help for the summer home on Nantucket -- there also are bull-market problems," Jonathan Weil writes. "And William Galvin, the Massachusetts secretary of the commonwealth and chief securities regulator, seems to be upset about one he has discovered by reading some news articles." 
http://click.email.bloomberg.com/?qs=454dd29967bc5864ca7cb7fc369fcf3edc6f635edcde54e25303419a3f2c4957 
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MEXICO: "For Mexican President Enrique Pena Nieto, the capture of Joaquin 'El Chapo' Guzman, head of Mexico's Sinaloa cartel and arguably the world's most notorious drug lord, is as momentous (and Hollywood-ready) as the killing of Osama bin Laden was for U.S. President Barack Obama," the Editors write. "Unfortunately, the parallels don't stop there." 
http://click.email.bloomberg.com/?qs=454dd29967bc5864cab9884132372c32dfb08b35e308eeff808f231e4438082b 
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'12 YEARS A SLAVE': The memoir that was the basis of "12 Years a Slave" "reads a bit like the best science fiction, in the sense that the world it depicts is fully recognizable, but with an odd twist that gives it a constant sense of being off-kilter," Cass R. Sunstein writes. "Of course, the twist is slavery, so we are dealing with neither science nor fiction." 
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BASKETBALL: Kavitha A. Davidson: "Just when you thought things couldn't get any worse for the New York Knicks, Raymond Felton shows up doing his best Plaxico Burress imitation (minus the championship ring, of course)." 
http://click.email.bloomberg.com/?qs=454dd29967bc5864ef3a43e12fd2ef0a2659965c6e1a00f6f7422359d77a8c49 
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SHARE THE VIEW

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