Subject: Share the View: Richard Thaler Gets Personal
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 29 May 2015 05:10:20 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

May 29, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm.=3q2/VQ8zgUmOo5ZTej6IB5415" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">ECONOMICS

Michael Lewis: Richard Thaler=has just published an odd and interesting professional memoir, "Misbehavin=." "It's odd because it's funnier and more personal than books by professo=s tend to be. It's interesting because it tells the story not just of Thal=r's career but also of the field of behavioral economics -- the study of a=tual human beings rather than the rational optimizers of classical economi= theory." Read more..=

Megan McArdle: "If workers ha=e to have $15 an hour to live in LA, and that's a level the economy can su=port with minimum job loss, then the $15-an-hour wage should apply to ever=one. If in fact this wage level is too costly, then LA should lower it for=everyone. Lowering it only for favored political groups is a terrible idea= and the unions have earned every bit of the catcalling they got for sugge=ting it." Read more..=

WALL STREET

Matt Levine: "One popular rea=tion to the U.S. case against FIFA is: Why should the U.S. justice system =rosecute Brazilian companies for bribing Venezuelans in Argentina? Isn't t=at sort of imperialistic? ... It's not just the U.S. justice system that i= being pressed into the odd job of regulating international soccer ethics.=It's also the U.S. financial system." =a href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm=13q2/VWehL0mOD7aLr0BLB862f" style="text-decoration:none;color:#00b9e7;li=e-height:1.6em">Read more...

AFRICA

The Editors: "Nigeria's new p=esident, Muhammadu Buhari, who takes office Friday, made history by notchi=g the first defeat of an incumbent president since independence in 1960. N=w comes the hard part: getting Africa's biggest economic dynamo restarted.= Read more...

EUROPE

Mark Gilbert: If Greece wants=a happy ending -- "they get the money and the country doesn't go bankrupt"=-- instead of its own economic version of "Groundhog Day," it must change =ts behavior. "The universe isn't poised to intervene favorably on Greece's=behalf. Instead of behavioral change, Greece just pretends it's on the ver=e of a solution when that doesn't seem to be true." Read more...

Marc Champion: "There's a new='ism' to add to the pantheon of Putinism, Chavezism, Kemalism (after Turke='s founder Mustafa Kemal Ataturk) and others. Now we have Tayyipism. One w=y to look at parliamentary elections that are to take place here in Turkey=on June 7 is as an attempt by President Recep Tayyip Erdogan to consolidat= the kind of populist, ideologically founded personal rule that such 'isms= imply." Read more...=

2016 ELECTIONS

The Editors: "Former New York=Governor George Pataki, who announced his presidential campaign Thursday, =s arguably the most qualified Republican candidate yet. He is also -- agai=, arguably; he has a lot of competition on this score -- the candidate lea=t likely to win the nomination. This is a paradox worth examining."=Read more...

Jonathan Bernstein: "How shou=d presidential candidates react when their party is far from the mainstrea= on an issue?" Read m=re...

CHINA

William Pesek: "Christine Lag=rde's people say China's currency is no longer undervalued. Jacob Lew's ar=ue it still is. There's a lot at stake in the debate: The yuan can't gain =tatus as a global currency reserve if China is thought to be manipulating =ts value. So who should we believe?" <= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2nnzm.=3q2/VWehL0mOD7aLr0BOBf3e4" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Read more...

Pesek: "Shanghai's stock mark=t just experienced a Wile E. Coyote moment. For weeks, investors had been =hasing higher and higher returns. On Wednesday, however, they suddenly loo=ed down to find their road had disappeared." Read more...

DECLASSIFIED

Eli Lake: "The U.S. watched I=lamic State fighters, vehicles and heavy equipment gather on the outskirts=of Ramadi before the group retook the city in mid-May. But the U.S. did no= order airstrikes against the convoys before the battle started. It left t=e fighting to Iraqi troops, who ultimately abandoned their positions." Read more...

TRANSPORTATION

Justin Fox: "Self-driving car= are coming. Self-driving trucks, too. OK, maybe they're not coming tomorr=w, but there certainly are a lot of resources and smarts being devoted to =eparating us from our steering wheels. What about trains?" Read more...

SPORTS

Kavitha A. Davidson: "The fal=out from the FIFA arrests has only just begun, with renewed calls from pol=ticians and soccer officials for President Sepp Blatter to step down. That=s unlikely. ... But the calls from some previously silent voices are an en=ouraging sign that the rampant corruption in soccer's world governing body=can no longer be ignored." Read more...

Leonid Bershidsky: "The gover=ing body of world soccer, FIFA, can count on the support of at least one m=jor global corporation in its efforts to retain sponsors and survive corru=tion charges: Gazprom, the Russian state-owned natural-gas supplier. That'= because Russia views U.S. prosecutors' charges against FIFA as an attack =n its interests." Rea= more...

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