Subject: Share the View 2: Big Ideas, Big Payoff
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Date: Tue, 19 May 2015 12:47:10 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

May 19, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2meki.=4oq/VQoHU0mOo5ZTeiFiB9971" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Companies

Matthew A. Winkler: Among lar=e companies that spend money on research and development, bigger investmen=s pay off. "Part of this story sounds familiar. We expect younger companie= like Google Inc. to rely on R&D for growth. Here's what's surprising: The=data show older companies performing better over the long term in the stoc= market when they are committed to investing in innovation." Read more...

Immigration

Francis Wilkinson: "The U.S. =s in the midst of a demographic transition unlike any in history. No natio= with a white European ethnic majority has evolved to become a nonwhite-ma=ority nation, a shift the U.S. is on track to achieve by mid-century. ... =iven the enormity of the change, opposition to immigration among white Ame=icans is shocking only for its lack of breadth and urgency." Read more...

Declassified

Josh Rogin and Eli Lake: "Whe= Secretary of State John Kerry earlier this month was planning the first h=gh-level talks between Washington and Moscow in years, he faced a problem:=Two American aid workers were secretly being held by Ukrainian separatists= ... What’s never been reported is that Kerry personally intervene= and raised the issue over the phone with Russian Foreign Minister Sergei =avrov, asking him to use Moscow’s influence over the Donetsk separ=tists to secure the release of the two Americans." Read more...

Lake and Rogin: "As Iraq's Sh=ite militias gather on the outskirts of Ramadi in preparation for battle, = key Sunni tribal leader and opponent of Islamic State is warning against =he militias' participation. Sheikh Abdulrazzaq al-Dulaym said of the group=: 'We warned of the popular organization entering Anbar and specifically R=madi. If they enter now, it will cause a civil war.'" Read more...

Investing

Barry Ritholtz: "We don�=99t know what the economy is going to look like during the next 12 to 24 m=nths. However, it is probable that many investors have underestimated the =ossibility of a virtuous circle." Read more...

Economics

Megan McArdle: "It has become=customary for any academic writing about adjunct faculty in any context to=insert a call for their work to be done by well-paid tenure-track faculty.=No meditation on 'American manufacturing' is complete without explaining w=y those workers need stronger unions to get them higher pay. And I don't n=ed to tell you how much ink has been spilled on the plight of college grad=ates and their student loans. The average American is at the heart of this=story -- as the victim and as the perpetrator." Read more...

Noah Smith: "The Great Reset =ypothesis isn't clearly specified, doesn’t include an underlying m=chanism and runs counter to much of the experience of history. It really j=st amounts to a worry that something big has shifted under our feet, and t=at things will be bad in years to come. That worry may even be well-founde=. ... But that shouldn't discourage us from trying policy fixes." <=pan class="topic-read-more" style="font-family:Arial, sans-serif;text-=ecoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-height=1.6em;text-transform:none">Read more...

2016 Elections

Jonathan Bernstein: "It's tim= for a quick primer on what a disaster a deadlocked convention would be fo= the Republican Party -- a possibility that the combination of so many can=idates and so much money has everyone speculating about. It isn't going to=happen, of course." R=ad more...

Europe

Leonid Bershidsky: "Macedonia=is a poor, landlocked Balkan country of about 2 million. To the Kremlin, i='s also the newest front in an ideological battle, with the U.S. fomenting=regime change to counter Russia's influence. As is often the case, that vi=w is correct to the extent that Russian interests are aligned with those o= a corrupt authoritarian ruler." Read more...

Mark Gilbert: "When does Gree=e finally run out of money? At what point will depositors have drawn so mu=h cash out of the Greek financial system that its banks are essentially in=olvent? And how long before Greece exhausts its bag of tricks, such as dra=ing down account balances at the International Monetary Fund to pay money =wed to the International Monetary Fund? Here's a potential answer."=Read more...

India

Dhiraj Nayyar: "When he was e=ected as India’s prime minister one year ago, Narendra Modi earned=a handsome mandate for one task above all else: to revive the economy and =eliver jobs and prosperity to India’s 1.25 billion people. The goo= news is that Modi remains committed to his vision for India's future. ...=The mixed news comes on the policy front." Read more...<=span>

U.K.

The Editors: "If the EU is se=ious that it wants Britain to stay at the heart of Europe, it needs to hel= U.K. Prime Minister David Cameron in his battle for the hearts, minds and=votes of the British public. And Cameron needs to put the European questio= before the people sooner rather than later, while he is in the strongest =ossible position to win the argument -- and the vote." Read more...

Gilbert: "With the U.K. elect=on over and the Conservative Party installed in Parliament with a surprise=majority, the U.K. housing market can go back to business as usual: a nati=nwide shortage of new homes driving already-crazy prices higher. The lack =f supply, which everyone acknowledges is the problem, seems to defy a solu=ion. And nowhere is the insanity more evident than in London." Read more...

News Roundup

Katie Benner (Read the news roundup)

21 Inc., a bitcoin startup that’s marketing chips =hat let devices such as smartphones mine for the digital currency, just ad=ed former Treasury Secretary Larry Summers to its advisory board. Read more...

Snapchat is getting into the music video business. Read more...Spotify is working with Starbucks to bring the streaming m=sic company’s playlists to all Starbucks locations in the U.S. Read more...=/li>

Ritholtz (Read the news roundup)

How likely is a recession? =a href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2meki=14oq/VVtlDkmOZA0giCAbB03ff" style="text-decoration:none;color:#00b9e7;li=e-height:1.6em">Read more...

The ten harsh financial commandments: Read more...

Wall Street is back, almost as big as ever. Read more...

Mon=y Stuff

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