Subject: Share the View: Does China Have a Master Plan?
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 13 Aug 2015 05:00:26 -0400 (EDT)

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Share The View

The Latest Opinions From Bloomberg View

Aug 13, 2015

bloombergview.com

<= href="http://link.mail.bloombergview.com/click/4936198.14875/aHR0cDovL3=3dy5ibG9vbWJlcmd2aWV3LmNvbS90b3BpY3MvY2hpbmE/55086a4c3b35d051538c37ccBc921=60f" style="text-decoration:none;color:#00b9e7;line-height:1.6em">China<=a>

Justin Fox: "The Chinese econ=my faces a lot of challenges. The Chinese government is run by flawed huma= beings with conflicting interests and opinions, and it isn't obvious that=they have a viable plan for what comes next." Read more...

William Pesek: "[Chinese Pres=dent] Xi [Jinping] is now willfully creating a currency contrivance that c=mplicates his ability to avoid a hard landing for the national economy. Th= why of Xi's devaluation is clear enough. So is the what= as officials from Washington to Tokyo voice concerns about a new currency=war. The problem is the how; that's where Xi's people may be cour=ing a self-inflicted wound." Read more...

Wall Street

Matt Levine: "Magical sure-fi=e ways to make money tend to be, you know, bad, for the people providing t=e sure-fire money. Regulators keep making them illegal. But the regulation= are complicated, so people keep reinventing the same magical ways to make=money, and then get shot down when their compliance officers point them to=the illegality. Usually! The Securities and Exchange Commission's action t=day against ITG is the craziest SEC action since yesterday." Read more...

Middle East

Noah Feldman: "In the abstrac=, it’s a nice idea for Iraq to stop dividing the spoils of governm=nt office among its denominational and ethnic factions. But that structure= with all its obvious flaws and faults, was built into the DNA of the Iraq= constitution for a reason: to help quell Sunni Arab fears that the Shiite=majority, in collusion with the Kurdish minority, would dominate the Sunni= in perpetuity and refuse to share oil revenue." Read more...

India

Dhiraj Nayyar: "When he gave =is first Independence Day speech last August, Indian Prime Minister Narend=a Modi larded the address with major policy ideas. He announced his flagsh=p 'Make in India' plan to develop a globally-competitive manufacturing sec=or. He urged a 'Clean India' drive to improve sanitation. He abolished the=Planning Commission, a relic of India's failed tryst with socialism. This =aturday, when he again ascends the ramparts of Delhi's Red Fort, he's got =o think even bigger." Read more...

U.S. Economy

Mary L. Gray: "Platform compa=ies, consumers and workers all have a stake in developing ways to prevent =ndividuals from scamming and manipulating platforms in the on-demand econo=y. But we must also penalize employers for misclassifying workers, as well=as for failing to pay them in a timely way or at all." R=ad more...

2016 Elections

Jonathan Bernstein: "If [Rick= Perry continues on until Iowa -- and if other candidates such as Bobby Ji=dal and Chris Christie also stay in -- it will be an indication that tradi=ional winnowing of candidates might be in trouble. More likely? One or mor= of them will be long gone by New Year's Day, and the process will work as=it has for decades -- meaning the parties will choose their nominees." Read more...

Taxes

Stephen Mihm: "Tax inversions=are so 2014. One of the burning questions in global corporate tax circles =hese days is: Who will win the race to build the most attractive 'patent b=x'?" Read more...

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