Subject: Share the View: Apple Privacy and Seinfeld Elections
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 19 Sep 2014 03:02:20 -0600

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The Latest Opinions From Bloomberg View

September 19, 2014

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bloombergview.com 

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Tech 

The Editors:When Apple updated its privacy policy Wednesday, with much self-congratulation, "it noted that the security features in its new iOS8 operating system would prevent anyone from gaining access to data -- such as photos, messages or e-mails -- stored on mobile devices that are protected by users&apos; passcodes. That includes Apple itself. And, by extension, law enforcement."
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Midterm Elections 

Francis Barry:"This is the year of the Seinfeld midterms, we are told -- an election about nothing in particular, lacking dominant themes. Yet the election also highlights how we are becoming a Seinfeld society. When it comes to two cultural issues that were once taboo, gay relationships and marijuana use, Americans are increasingly saying: &apos;Not that there&#x2019;s anything wrong with that.&apos;&#x201D;&#xA0;
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Congress 

The Editors:"When does a $23 billion spending cut result in no savings at all? When it&apos;s part of the U.S. farm bill. ...&#xA0;Just a few weeks ago, the newest bill -- a grab bag of subsidies for farmers and federal nutrition programs -- went into effect. It was meant to save money by swapping $5 billion in annual direct payments to farmers with a new kind of crop insurance. But this insurance subsidy is turning out to be even more bloated and wasteful than the old cash giveaways."
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Wall Street 

Matt Levine:"Here is a dumb story." Banco Santander, a Spanish bank, failed the Fed&apos;s stress test. "The punishment for failing a stress test is that you&apos;re not allowed to pay dividends, and about a month after failing the stress test, Santander went out and declared a dividend. That&apos;s some bad capital planning!"&#xA0;
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Ukraine Crisis 

Leonid Bershidsky:"Did Russian President Vladimir Putin really say that he could have troops in the capitals of Ukraine, Latvia, Lithuania, Estonia, Poland and Romania in two days? Whatever the truth may be, the rumor plays into his hands."&#xA0;
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ISRAELIS/PALESTINIANS 

Rami G. Khouri: "A hard-hitting 
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column &#xA0;this week in Haaretz by Amira Hass posed a series of questions to Hamas leaders that cut right to the heart of the strategy and raison d&#x2019;etre of the Palestinian group. Hass&#x2019;s intimate knowledge of Gaza adds force to her questions, especially when she asks Hamas leaders how they feel about the lack of any quantifiable gains from the last war with Israel, other than a sharp and probably temporary rise in the group&#x2019;s own popularity."&#xA0;
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European Economy 

Mark Gilbert: "European Central Bank President Mario Draghi is a smart guy, with a career including stints at Goldman Sachs, the World Bank and the Bank for International Settlements. So there must be a reason he has created a bank-lending program that not many banks want to borrow from, and an asset-backed bond purchase program that I can&apos;t find a single market participant to applaud."&#xA0;
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Hillary Clinton 

Jonathan Bernstein:Fun item from Ezra Klein, "who wonders why most Democrats see Hillary Clinton as an obvious selection over Joe Biden. Klein&apos;s theory? The vice president&apos;s occasional gaffes."&#xA0;
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Sports 

Kavitha A. Davidson:"An historic vote just took place in Scotland, but not the one you&#x2019;re thinking of. ...&#xA0;The Royal and Ancient Golf Club in St. Andrews has voted to admit female members for the first time in its 260-year history."
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Terrorism 

Francis Wilkinson: "Islamic State, which mixes extreme violence with the very best of seventh-century religious ideology, has recognized the power of imagery to influence us. The group is hardly the first, of course. But Islamic State clearly recognized the value of ratcheting up the horror."&#xA0;
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