Subject: Share the View: Mario Draghi's Latest Flop
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 06 Jun 2014 03:02:01 -0600

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A quick look at Bloomberg News's opinion section

June 6, 2014For more, visit 
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EUROPEAN ECONOMY: 

Mohamed A. El-Erian: The European Central Bank made history yesterday "by doing what no major central bank has done outside a major financial crisis: It pushed the rate on bank deposits to minus 0.1 percent. ... It is an impressive move, and it needed to be, given the headwinds facing the European economy. Yet it may not be sufficient." 
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The Editors: Mario Draghi made a bunch of new announcements yesterday, "and investors were initially impressed: European Union stocks went up, and the euro dropped almost 2 percent. Their glow wore off, however, once they realized that the president of the European Central Bank had failed to announce the one policy that would make a real difference to Europe's economy." 
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RUSSIA: "The emerging Sino-Russian alliance looks like an opportunistic arrangement," Leonid Bershidsky writes. "Russia, rejecting and rejected by the West, needs a strong alternative while resource-poor China hopes to harness the potential of its huge northern neighbor. In fact, China and Russia are made for each other." 
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WALL STREET: "The U.S. Court of Appeals, in resolving a dispute between a federal judge and the Securities and Exchange Commission, has raised an important question: Should judges be allowed to second-guess the deals that the SEC strikes with alleged lawbreakers?" The Editors: "The court asserted that the law says no. In that case, the SEC should hold itself to a higher standard." 
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EDUCATION: Stephen L. Carter: "I have spent my career fighting for genuine dialogue across our disagreements rather than the sloganeering, cant and demonization that have come to characterize our politics. My own choice of the academic life was spurred in no small part by my search for an arena in which what matters is not which side you are on but the quality of your ideas." 
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ECONOMICS: "There's no denying that something weird happens when a country slips into recession -- all the same factories and offices and people and ideas are there, but suddenly people aren't producing as much stuff. Why?" Noah Smith: "Despite sending some of our best brains up against the problem, we've made frustratingly little progress." 
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SPORTS: Don Zimmer passed away Wednesday night at the age of 83. Kavitha A. Davidson: "A 'baseball lifer,' as Yankees Manager Joe Girardi put it, Zim's 66-year career spanned almost every major era in the modern game from integration to the present." 
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BUBBLES: "Sometimes people pay too much for things and they lose money. That's bad judgment. Other times people pay too much for things and everybody loses money. That's a bubble." 
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Read the Quicktake on watching for bubbles  

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