Subject: Share the View 2: Replacing Harry Reid
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Date: Fri, 27 Mar 2015 12:54:50 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Mar 27, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2fjpc.=00q/VP9kIkmOpoExRQKIB6bdd" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Declassified

Eli Lake and Josh Rogin: "America's traditional allies in the Middle Eas= -- Saudi Arabia, Kuwait, the United Arab Emirates, Turkey and Egypt -- be=an stitching together the military coalition in the beginning of March, ac=ording to sources familiar with the negotiations. The Saudis, however, did=not begin having detailed, top-level discussions with the Obama administra=ion on how the U.S. could support the new alliance until Sunday, U.S. offi=ials tell us." Read m=re...

Rogin: "F=rmer Taliban prisoner and U.S. Army Sergeant Bowe Bergdahl told military i=vestigators that he left his base in June 2009 to report on misconduct in =is unit and always intended to come right back. That will also be his defe=se if and when he faces a court-marti=l for desertion, according to his lawyer." Read more...

Congress

Jonathan Bernstein: "Reports already have Chuck Schumer as=the favorite to replace Reid as the Democratic leader, and some groups=are already mobilizing to find a more (perceived) libera= senator such as Elizabeth Warren to defeat him. Those progressive gr=ups are probably wasting their time." =a href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2fjpc=100q/VRWIJkmOl7GdP00GCd834" style="text-decoration:none;color:#00b9e7;li=e-height:1.6em">Read more...

MONEY

Mark Whitehouse: Read more...

Investing

A. Gary Shilling: retail sales and d=flation worries, the Fed won't be raising rates anytime soon. Treasury pri=es, then, are sure to rise." Read more...

Barry Ritholtz: "You would be=hard-pressed to find anyone in finance who would ever admit to believing t=at rates don’t matter. Despite the importance of bond yields and b=rrowing costs, few seem to have any idea how to analyze them in a way that=provides a helpful conclusion. And while many are quick to point out how d=sruptive the Federal Reserve programs of quantitative easing and zero-inte=est rates have been to stock and bond prices, that's a terrible excuse." <=span>Read more...=/p>

Companies

Justin Fox: "It is this U.S.-centric Kraft Foods Group that is merging w=th H.J. Heinz. But to repeat, it’s not U.S.-centric because it nev=r tried expanding overseas; it’s U.S.-centric because all its over=eas operations are now part of Mondelez." Read more...

Fox: "The Wynns seem to be at war. Accusations and possible calumnies ar= being lobbed by both sides as Elaine campaigns to retain her seat on t=e Wynn Resorts board and Steve’s people try to thwart her. It�=80�s a shame, because Elaine and Steve seem like nice people. They also =ay have been the greatest marital partnership in the history of American b=siness -- and their fight is endangering that success." Read more...

Economics

Noah Smith: "Rognlie sho=s that if we really want to counter the inequality that Piketty warns abou=, we will probably need tools like the LVT. Most importantly, our cities w=ll need to find ways to counter the political power of landlords. The most=important redistribution policy may now be urban land-use policy." Read more...

2016 Elections

Bernstein: "Compl=xity, nuance or just old-fashioned inconsistency -- a governor or senator =an get away with all those things. But as Scott Walker is learning fast, when politicians run for p=esident, it's necessary to stick to the same, mind-numbingly dull script o=er and over again if they want to avoid those little flaps. T=e latest illustration of that is the attention the Wisconsin governor is g=tting for what some saw as flip-flopping on =mmigration." Read=more...

National

The Editors: "By preventing beneficiaries from saving enough money to be=ome self-sufficient, the government can make it unnecessarily hard for the= to escape poverty. New data suggests some limits could well be raised." <=span>Read more...=/p>

Asian Economy

William Pesek: "F=r a leader facing a plethora of challenges at home, Philippines President =/span>Benigno Aquino is thinking a lot about Detroit -- in part=cular, how to steal the title 'Detroit of Asia' away from his Southeast Asian neighbo= Thailand." Read more=..

Pesek: "A=guably, no central banker in the world has been bolder and more aggressive=about quantitative easing than Japan's Haruhiko Kuroda. Yet his $700 billion in bond purchases =very month have failed to generate the 2 percent inflation targeted by the=Bank of Japan: New figures released on Friday showed that core consumer pr=ce inflation had once again flattened to zero in February." Read more...

News Roundup

Katie Benner (Read the news=roundup)

Salesforce is saying "no" to ho=ophobia in Indiana. Kleiner is embroiled in a high profile . Read more...

Fortune talked to young women i= tech about what they make of Pao's case. One woman argued that the Pao tr=al is emboldening women. Read more...

Tim Cook has made Apple a more open, trusting company and =penly championed gay rights, immigration reform and more consumer privacy,==ortune argues in its profile of Apple’s CEO. Cook also says he=E2��s going to give away =is fortune to charity. Read more...

Jonathan Bernstein =span class="topic-contributor-quote" style="font-family:Georgia, serif=font-weight:normal;color:#333333;font-size:17px;line-height:1.6em;text-tra=sform:none">(Read the news roundup)

The “doc fix” M=dicare package that passed the House overwhelmingly yesterday is worth not=ng. Sarah Kliff at Vox explains. Read more...

Why has bipartisanship suddenly broken out? Jonathan Cohn =t HuffPost suspects it’s because t=e parties have different interpretations of the effects of the bill. <=span>Read more...

Nice look at Joe Biden’s semi-sort=-maybe presidential campaign, from Alex Seitz-Wald at MSNBC. Read more...

Barry Ritholtz =Read the news roundup)

Hedge Funds: Don’t Call Us a Hedge Fund (WSJ) Read more...

Silicon Valley is seizing the customers: Instead of buildi=g for others, companies are doing more for themselves (FT) Read=more...

Meet Periscope, Twitter’s New Live Video App (Buzzfeed) Read more...

Matt Levine (Rea= the news roundup)

William Cohan had lunch w=th Bill Ackman at the "most expensive diner in Manhattan," and goaded =im into offering Marty Lipton a $1 million bet to debate whether activist =nvestors are good or bad for the world. Read more...

Meanwhile Herbalife has kicked off a new television ad campaign "to make sure people kno= what we're about and what we mean to the community." Read more...

Here is a story about how many energy companies are running into financial trouble, for =airly obvious reasons: The price of oil has plunged, and they have debt an= fixed costs and covenants and borrowing-base capacity that all look a lot=less pleasant in a world of $50 oil than in a world of $100 oil. Read more...

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