Subject: Share the View 2: Bad Reasons to Merge
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 12 May 2015 12:35:37 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

May 12, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2lgua.=52y/VRCSkEmOJlxkJJ_ZB5a9a" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Media

Megan McArdle: "The main bene=it of an AOL-Verizon merger would be for AOL shareholders, who will get a =ice price for stock in a firm with a cloudy future. But I'm not clear on h=w much Verizon is going to get out of this deal. Probably not as much as t=e company puts into it." Read more...

Stuck in the Middle

The Editors: "Increased autom=tion today should boost productivity, stimulate demand by driving down pri=es, and free many workers from drudgery to focus on more creative pursuits= But there's no guarantee of a smooth transition. ... That could mean depr=ssed wages, widening inequality, increased unemployment and deepening soci=l problems. Easing this maladjustment for the middle class is likely to be=ome one of the central public-policy challenges of our time." Read more...

The Editors: "America's convo=uted tax code has needed comprehensive reform for years. The case for chan=e would be open and shut even if families on low and middle incomes hadn't=come under increasing strain of late -- but they have. The middle-class sq=eeze underscores the need for a far-reaching overhaul." Read more...

Culture

Leonid Bershidsky: "I feel sorry for 'Les Femmes d'Alger (Version 'O'),' the painting b= Pablo Picasso that just sold for $179.4 million. Now that it is in the po=session of an anonymous collector, it is less likely than ever to be reuni=ed with its 14 sisters in the 'Women of Algiers' series." Read more...

European Economy

Mohamed A. El-Erian: "An imme=iate crisis has been averted once again in the Greek drama. At least that =s how most media outlets will interpret Greece's approval of a scheduled d=bt payment to the International Monetary Fund this week. ... This interpre=ation is strictly correct; it is also potentially misleading." Read more...

Mark Gilbert: "Greece has to =ay the International Monetary Fund about 750 million euros ($847 million).=To avoid a default, the nation pulled out 650 million of reserves -- from =ts account at the IMF, according to Greece's Kathimerini newspaper. It's t=e equivalent of writing a check to yourself to clear your bank overdraft."=Read more...

Economics

Noah Smith: "Whatever they ar=, the U.K.’s troubles don’t look very Keynesian. Austerity=is unlikely to cure the British economy, but there’s not much reas=n to think fiscal stimulus would either." Read more...

Energy

The Editors: "Two of Presiden= Barack Obama's top priorities clashed on Monday in the Arctic Ocean, and =he outcome has some environmentalists feeling betrayed. They shouldn't be.= Read more...

Latin America

Mac Margolis: "Small, lean an= sensibly managed, Chile has long been the standout in an underperforming =ontinent. In a dismal year for Latin America, its economy is accelerating.=... And yet President Michelle Bachelet's approval ratings have slumped to=a record low of 29 percent just months after she won the election with 62 =ercent of the vote." =ead more...

News Roundup

Katie Benner (Read the news roundup)

MarkLogic, a database startup, raised $102 million and is =ow valued at more than $1 billion. Read more...

Uber is experimenting with letting customers pay by cash i= India. Read more...<=span>

Venture investor Heidi Roizen shows us how a founder can b=ild a unicorn and walk away with nothing. <= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2lgua.=52y/VU2fI8PoVL_L-JuyB9fab" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Read more...

Barry Ritholtz (Read the news roundup)

Top 50 U.S. boardroom hoarders sit on $1tn in cash: Read more...

The view from the front seat of the Google self-driving ca=: Read more...<=span>

Drillers answer low oil prices with cost-saving innovation=. Read more...<=span>

Money Stuff

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