Subject: Share the View 2: Scottish Independence and Beer Bids
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Mon, 15 Sep 2014 10:33:00 -0600

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The Latest Opinions From Bloomberg View

September 15, 2014

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U.K. 
Mark Gilbert:"Psychologists call it the 'framing effect': Presenting the same information in different ways can influence how people respond to identical scenarios. By allowing the Sept. 18 referendum question to be framed as 'Should Scotland be an independent country?' the U.K. government may have unwittingly skewed the outcome -- in favor of a 'yes' vote."
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FEDERAL RESERVE 
Mohamed A. El-Erian:"Tomorrow was supposed to be the kickoff of a straightforward, two-day policy meeting for the 'steady as she goes' Federal Reserve. Instead, recent data releases have turned the gathering into a cliffhanger for markets and a challenge for a central bank that has struggled before to effectively and ably communicate tricky policy transitions."
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LATIN AMERICA 
Barry Ritholtz:"U.S. policies toward Cuba are anachronistic and perplexing. The embargo is a Cold War relic that has long ago stopped serving its intended purpose. It was adopted after the now-defunct Soviet Union tried to establish nuclear bases on the island, bringing the two superpowers to the verge of nuclear war. But what purpose does the embargo serve today?"
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EUROPE 
Leonid Bershidsky:"It should surprise no one that representatives from across Germany's political establishment, including the president and chancellor, turned out for a rally against anti-Semitism in Berlin on Sunday, given the country's history and a series of ugly anti-Israel protests this summer. The small size of the crowd was less expected, but Germany isn't sliding back into the habits of the 1930s -- today's anti-Semitism has an altogether different source."
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INDIA 
Dhiraj Nayyar:"Relations between China and India -- the world's two most populous countries, neighbors and rivals -- have long been prickly. But when China's President Xi Jinping travels to Gujarat and New Delhi this week for his first bilateral meeting with India's Prime Minister Narendra Modi, he will have a unique window of opportunity, with some help from Modi of course, to change the dynamic of that relationship decisively."
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CHINA 
William Pesek:"The risk of what Nobel laureate Paul Krugman calls 'Japanification' -- a semi-permanent economic funk -- has haunted China for at least a couple years now. Last week a Bank of America Merrill Lynch report again asked, 'Will China Repeat Japan's Experience?' Let's dispense with the suspense: Yes, China very likely will. And the outcome will have far more serious global implications than Krugman's main worry, which focuses on the chances of stagnation in Europe."
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NEWS ROUNDUPS 
Jonathan Bernstein 
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(Read the News Roundup) 
	- Read Andrew Rudalevige on war powers and Barack Obama. 
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	- Michelle Schwarze thinks through what Adam Smith would say about Scotland going its own way. 
http://click.email.bloomberg.com/?qs=f6b36a22b3ce5fffb11217525ee22daf2ad8803f56ccb5291ca14c5b4bb35823 
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	- Adrianna McIntyre on the debate over over-the-counter contraception. 
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Matt Levine
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(Read the News Roundup) 
	- Read your bond contracts! 
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	- The BIS Quarterly Review is out. 
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	- Some beer wars. 
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Barry Ritholtz
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(Read the News Roundup) 
	- Will Apple Pay kill PayPal? 
http://click.email.bloomberg.com/?qs=f6b36a22b3ce5fff64419737f14d5baa3084db165e7d0046dd97ed141920c72d 
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	- The Secrets of Berkshire's success: An interview with Charlie Munger. 
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	- Crowdsourced trading: 21 investors / 21 rules. 
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