Subject: Share the View 2: The Deal Europe Should Make
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Mon, 22 Jun 2015 12:39:00 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Jun 22, 2015

bloombergview.com=/a>

<= href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2qu1q.=0d6/VYg37kmOiyr6LVYUB8990" style="text-decoration:none;color:#00b9e7;lin=-height:1.6em">Wealth

Barry Ritholtz: "The new 'Wor=d Wealth Report' for 2015 was released last week from Capgemini and RBC We=lth Management. The focus is on the population of high-net-worth individua=s, or HNWIs as the report calls them. ... Perhaps the most significant new= is that the wealthy now have more capital invested in stocks than any oth=r asset class." Read =ore...

Law

Noah Feldman: "What determine= whether the police have used excessive force on a detainee: the officers=E2�� beliefs about their own actions or the assessment of a reasonable=observer? It’s hard to imagine a more important question after the=events of the past year in Ferguson, North Charleston and Staten Island --=and on Monday the U.S. Supreme Court held in favor of the objective observ=r, not the subjective mindset of the officers." Read more...

Health-Care Reform

Jonathan Bernstein: "What if =he Supreme Court rules against the government in King v. Burwell, and the =bamacare subsidies end in states that have chosen not to set up health-car= exchanges? ... The real question (if the challengers win) isn’t a=out which party gets the blame for chaos in Republican-state insurance mar=ets. It’s whether important groups in those states pressure their =oliticians to do something about it." =a href="http://link.mail.bloombergview.com/55086a4c3b35d051538c37cc2qu1q=10d6/VYg37kmOiyr6LVYXB187b" style="text-decoration:none;color:#00b9e7;li=e-height:1.6em">Read more...

Europe

The Editors: "When the euro s=stem's leaders meet Monday night, the fate of the single currency and the =arger European project will be in their hands. Greece and its creditors ca= finally start to undo the damage of recent months -- or else refuse to bu=ge, and gamble on fatally undermining the whole European venture." =span class="topic-read-more" style="font-family:Arial, sans-serif;text=decoration:none;color:#00b9e7;font-weight:normal;font-size:17px;line-heigh=:1.6em;text-transform:none">Read more...

Mohamed A. El-Erian: "Switzer=and is a wealthy country and can rely on its past earnings to maintain liv=ng standards during a period of stress. It is also agile enough to partial=y counter the impact of exchange-rate overvaluation through a gradual inte=nal devaluation -- that is, the acceptance by Swiss workers of lower nomin=l wages. ... The problem for Switzerland is that euro-zone monetary policy=normalization is quite far away." Read more...

China

William Pesek: "China's stimu=ate-growth-via-stocks plan may be approaching an endgame. The government w=ll surely try to backstop the market: Xi needs to maintain the aura of Chi=ese government omnipotence. But there will come a time when the tide turns=and the market gets away from Beijing, proving that the world's most excit=ng stock rally has no clothes. It may soon be upon us." Read more...

Adam Minter: "Tempering the h=bits of China’s young and rich, after a lifetime spent indulging t=eir impulses, won’t be easy. And, unfortunately, the millions of f=mily businesses that comprise the backbone of the Chinese economy don't ha=e a clear backup plan." Read more...

India

Dhiraj Nayyar: "The window of=opportunity for Indian Prime Minister Narendra Modi to press for serious e=onomic reform seems to be closing. A little over a year after taking offic=, Modi’s government has been caught up in its first big political =candal." Read more...=/a>

Wall Street

The Editors: "Toyota sharehol=ers last week approved the issuance of 50 million new shares -- and not ju=t any new shares. The securities are a curious hybrid: They look like stoc= but behave more like convertible bonds. If you're interested in the quali=y of corporate management, it's an innovation worth watching." Read more...

News Roundup

Ritholtz (Read the news roundup)

When ordinary beats extraordinary: Read more...

The housing market, any way you look at it, can’t =ose. Read more...

Twitter’s Project Lightning will curate the news a=ound live events. Read mor=...

Early Returns

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