Subject: Share the View: What Do the Fed Minutes Tell Us?
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 21 May 2015 05:00:26 -0400 (EDT)

a:visited {
color:#00b9e7;
}
a:hover {
text-decoration:underline !important;
}
a:hover#logo {
text-decoration:none !important;
}
@media only screen and (max-device-width: 480px) {
a[id=logo]{
font-size:34px !important;
}
body {
width: 100% !important;
}
table{
width: 100% !important;
}
}
@media only screen and (min-device-width: 320px) and (max-device-width: 568=x) {
html { -webkit-text-size-adjust: auto; }
td[id=content] {
font-size: 18px !important;
}
body {
width: 100% !important;
}
table{
width: 100% !important;
}
}

Share The View

The Latest Opinions From Bloomberg View

May 21, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2mm3n.=4l6/VQoHU0mOo5ZTeiFeBbf3a" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">FEDERAL RESERVE

Mohamed A. El-Erian: "While t=ey are eager to learn more in coming weeks, Fed policy makers are inclined=to initiate an interest rate hiking cycle later this year, absent some une=pected weakening of the U.S. economy due to either domestic or internation=l developments." Read=more...

WALL STREET

Matt Levine: "The foreign-exc=ange settlements are very hard to keep straight so I made a little scorebo=rd of the various fines that various banks have paid to various regulators= ... $10.3 billion seems like a lower bound on fines paid for FX manipulat=on. That is a lot of money. Bank fines feel a bit like abstractions these =ays, but this is a lot of money even in context." Read more...

ECONOMICS

The Editors: "You can't call =he Los Angeles City Council timid. In voting to raise the city's minimum w=ge to $15 by 2020, from $9 today -- an increase of two-thirds, big by any =tandard -- it's taking quite a gamble. That's why the results, assuming th= change gets final approval, will be instructive." Read more...

Megan McArdle: "I'm sure the =orkers themselves are pretty excited about having more money in their pock=ts. What's less clear is what happens next." Read more...

Justin Fox: "Once upon a time=economists made their arguments in long, discursive, often contradictory b=oks about pin factories and newspaper beauty contests. Verbally oriented p=ople like me tend to extol those days, but to most modern economists they =ere the dark ages." R=ad more...

MARIJUANA LEGALIZATION

Leonid Bershidsky: "The idea =f legalizing cannabis is gaining momentum in Germany. It's getting surpris=ng support from parts of the political spectrum that have historically bee= hostile to the idea. Yet the measure, if adopted, could make it harder fo= Germans to get marijuana." Read more...

2016 ELECTIONS

Francis Wilkinson: "The seemi=g free-for-all in the Republican presidential field is neither free nor tr=ly for all. The entropy of candidacies will soon cease. And at some point =ext winter, Republican primary voters and money shufflers will take up the=task of winnowing conservative politicians. Where will Marco Rubio be then=" Read more...<=span>

NATIONAL

Clive Crook: President Barack=Obama on Monday "announced new rules for the distribution of surplus milit=ry hardware to local police forces and unveiled a report on 21st-century p=licing. The new procedures and recommendations rightly acknowledge failing= in the U.S. criminal-justice system, and they're a step in the right dire=tion. Obama deserves credit. Just don't expect much to change." Read more...

ASIAN ECONOMY

William Pesek: "I assigned so=ewhat disappointing grades to the would-be economic reformers of Asia's th=ee leading economies: India (B), Japan (C-) and China (C+)." Now it's Sout= Korea, the Philippines and Indonesia's turn. Read more...

Adam Minter: "There's plenty =amsung can do to try to stage a reversal in China, from developing new pro=ucts to improving its marketing. But it may have identified a shortcut for=a turnaround -- one that runs through Indonesia." Read more...

CARS

Edward Niedermeyer: "This wee=, the auto industry broke the record for the largest consumer product reca=l in U.S. history when Takata doubled its already-massive recall to nearly=34 million vehicles, admitting that its air bags -- which can explode when=they deploy -- were defective. ... Takata's exploding air bags are just on= of three major auto-safety scandals that continue to grow more troubling =ith each passing day."

CONGRESS

Jonathan Bernstein: "Remember=the House Freedom Caucus? It is the group of conservatives who broke away =rom the conservative Republican Study Committee because the RSC wasn�=99t conservative enough for them. Well, they have finally settled on their=signature issue: fighting to kill the Export-Import Bank." Read more...

CHINA

Noah Feldman: "'Mad Men' may =e over, but no one told Xi Jinping. China’s decision to put multip=e warheads into its intercontinental ballistic missiles, an approach tradi=ionally associated with a first-strike threat, is projecting China�=99s stance back into a Cold War mindset." Read more...

SPORTS

Kavitha A. Davidson: "New Eng=and Patriots owner Robert Kraft announced at a news conference Tuesday tha= the team has 'reluctantly' accepted its Deflategate punishment, declining=to appeal the team's $1 million fine and loss of two draft picks. It seems=Kraft and NFL Commissioner Roger Goodell have officially kissed and made u=. Did we expect anything less?" Read more...

For more information, email [email-masked].

For media inquiries, contact Jill Watanabe at j=[email-masked].

You received this message because you signed up for Bloomberg View newslett=rs.

b=oombergview.com | 731 Lexington Avenue, New York, NY 10022 | Contact Us | Unsubscribe