Subject: Share the View: Uber Isn't Worth $10 Billion
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 21 May 2014 03:02:03 -0600

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SHARE THE VIEW

A quick look at Bloomberg News's opinion section

May 21, 2014For more, visit 
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WALL STREET: 

The Editors: "Eric Holder wants you to know there is no such thing as 'too big to jail.' To prove it, the U.S. attorney general this week won a guilty plea from Credit Suisse AG, the largest financial company in 20 years to cop to a crime: helping thousands of U.S. citizens dodge taxes. Credit Suisse will pay $2.6 billion in penalties, a record amount for a tax-related offense." 
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Matt Levine: "Pretty soon I'm going to stop complaining about how dumb it is to make Credit Suisse plead guilty to criminal tax-evasion conspiracy, not only because it is boring but also because everyone agrees. ... The point is that the only consequences of the guilty plea -- as opposed to a deferred prosecution, etc. -- are the ones prosecutors forgot." 
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THAILAND: The Editors: Thailand's military leaders are free to claim that yesterday's imposition of martial law, "which included the occupation of TV stations and the banning of protests on the streets of Bangkok, is 'not a coup.' They should not be allowed to pretend that it is a solution." 
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TECH: The AT&T and DirecTV merger is "one more megadeal that promises to provide the giant carrier with more opportunities to increase its profits, while not moving the country any closer to being competitive on the global informational stage," Susan Crawford writes. "We'll become two Americas: poorer people and people in rural areas depending on wireless smartphones, and richer people paying through the nose for expensive bundled services." 
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ENERGY: "Russian President Vladimir Putin and Chinese President Xi Jinping are likely to find they have more in common than ever as they meet this week," Meghan L. O'Sullivan writes. "For all the fascinating and potentially consequential strategic conversations that may take place between these two men, the one to look out for will be whether they conclude a much-delayed energy deal to pipe huge amounts of Russian natural gas to China starting in 2018." 
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CARS: "News that Uber is angling for a valuation of more than $10 billion in talks with Wall Street raises the specter of Tesla-style overenthusiasm," Edward Niedermeyer writes. "Forget the 'tech bubble' talk, the reasons to avoid overvaluing these companies has everything to do with the auto industry." 
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EDUCATION: @CassSunstein (Cass R. Sunstein): Major effects from recent curricular reform in China -- a warning about the potential effectiveness of indoctrination. 
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POLITICS: @fdwilkinson (Francis Wilkinson): Is this Oregon Senate scandal too late for the primary or too early for the general? 
http://click.email.bloomberg.com/?qs=5553299559d8a4c77651e70f53429f9dbb82b9b93af28dd62a9f2e87d6ee6d15 
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EUROPE: During the European debt crisis, "Spain and Italy found it easier and cheaper to take out short-term loans, rather than longer-term funding," Mark Gilbert writes. "The result, though, is a repayment hump in 2015 that will need to be financed with fresh debt sales." 
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SPORTS: "If there was ever any doubt over just how much power the National Football League wields, it is now put to rest," Kavitha A. Davidson writes. "The tentative monster merger between DirecTV and AT&T is reportedly contingent on the satellite company successfully renewing its deal with the league for exclusive television rights to NFL Sunday Ticket, which expire at the end of this upcoming season." 
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ENTERTAINMENT: Stephen L. Carter: "Oh, but Fox's '24' is insane fun." Monday night's takeaway: "Don't ever get Margot Al-Harazi -- or, as I prefer to call her, Obviously Insane Woman -- angry at you." 
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