Subject: Share the View: Kim Jong Un's Insecurity
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Mon, 22 Dec 2014 04:02:52 -0600

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The Latest Opinions From Bloomberg View

December 22, 2014

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ENERGY 

The Editors:"No one doubts Governor Andrew Cuomo's concern for the well-being of New Yorkers. It's just not clear that a ban on fracking protects it -- or how the ban can help make fracking safer and less destructive in states where it is practiced. ... Yes, the practice has costs -- to public health as well as to the environment. But it also has benefits -- to local economies, to state coffers and (also) to the environment."
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WALL STREET 

Matt Levine:"Here's a little story about water damage. ... The way the mortgage settlements were built was on a water-damaged garage here, a decaying swimming pool there, a dumb phrase in an e-mail over there. The bad anecdotes accreted into a bad story, but never quite into a systematic summing up of what happened."
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INVESTING 

A. Gary Shilling:"When the U.S. Federal Reserve ended its quantitative-easing program in October, it also ended the primary driver of U.S. stocks during the past six years. So long as the central bank kept flooding the markets with money, investors had little reason to worry about a broader economy limping along at 2 percent real growth. Now investors face more volatile markets and securities that no longer move in lock-step. At the same time, investors must cope with slower growth in China, minuscule growth in the euro area and negative growth in Japan."
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2016 ELECTIONS 

Albert R. Hunt:"When it comes to products, sports or politics, matchups matter. There's a premium for quality, but whom you're selling to or competing against often affects outcomes. That's a useful framework for assessing the 2016 Republican presidential contest at this early stage. If, as all signals suggest, Jeb Bush, the former Florida governor and brother and son of presidents, is about to get in, the race quickly intensifies."
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DECLASSIFIED 

Josh Rogin:"North Korea's 30-something dictator Kim Jong Un's over-the-top reaction to Sony's satire 'The Interview' is rooted in his manifest insecurity about his grip on power and his need to maintain his cult of personality. That's more important to him than whatever counterattack the U.S. might have in store."
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LATIN AMERICA 

Mac Margolis:"Brazilian airline Gol set out earlier this year to launch the world's first commercial flight powered partly by renewable fuel made from sugar cane. Fermenting ordinary sugar into jet fuel ended up being the easy bit. Surviving Brazilian policy makers was another story."
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WHITE HOUSE 

Noah Feldman:"One part of the U.S. Constitution stood out above all others in 2014: executive power. ... We can expect much more concern about the use of executive power during the rest of Obama's presidency, as the lame duck becomes the executive duck in charge."
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TECH 

Clive Crook:"In pondering your Christmas gift ideas, you will surely have considered, as I did, that hedonic adjustment of price indices seriously complicates judgments about changes in one's standard of living."
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ASIA 

William Pesek:"Japanese Prime Minister Shinzo Abe says he wants to put more women to work, to help make up for the country's shrinking population. His Liberal Democratic Party seems to have other ideas. Of the 1,093 people who ran for office in recent snap elections, a mere 169 were women. Once the votes were counted, the lower house was 91 percent male. That ratio falls a long way short of Abe's goal for corporate Japan."
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