Subject: Cruz's Veep Pick Reveals His Desperation
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 28 Apr 2016 05:01:42 -0400 (EDT)

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When perennial Republican runner-up Ted Cruz announced Wednesday that he'd chosen Carly Fiorina as his running mate, he was probably hoping to energize his campaign before the critical Indiana primary. But Jonathan Bernstein says gambling on a running mate is a sign of a very weak hand. 
Trump's New Slogan Has Nazi-Era Baggage 
Also on Wednesday, Donald Trump laid out his "America First" foreign-policy platform. If that phrase sounds familiar, it's because Charles Lindbergh used it -- to call for American neutrality toward Nazi Germany. Eli Lake says the speech only went downhill from there.  
What the Fed Statement Signals and Why
The Federal Reserve kept interest rates stable on Wednesday, but Mohamed A. El-Erian says the policy makers' more hawkish tone signals that a June increase is increasingly likely. 
Surprise! The Free Market Isn't Killing You
Sorry, George Monbiot, but "neoliberalism" isn't to blame for loneliness, eating disorders, and everything else wrong with the world. Noah Smith sees a sad irony: Just as zealots once oversold the benefits of laissez-faire economics, detractors now take their critique too far.
Theranos and the Blood-Testing Delusion
The high-flying biotech firm Theranos, once valued at $9 billion, now faces government sanctions and a criminal investigation. Why did so many investors place their trust in the secretive startup? Faye Flam blames misguided faith in the power of medical testing.
Terrible People Have Free Speech Rights, Too
Crackpot theories shouldn't get a tenured professor fired, Noah Feldman says -- not even if that professor argues the Sandy Hook massacre and Boston Marathon bombing were elaborate government hoaxes.  
Ritholtz's Reads

Uncertainty is a fact of life, so get used to it (MarketWatch)
When mediocrity trumps brilliance (A Wealth of Common Sense)
Facebook may have peaked as a social network, but it's reinventing itself as something bigger. (Slate)

(Read Barry Ritholtz's full daily news roundup.)
Bloomberg Gadfly 

The failure of hedge-fund neutrality
GlaxoSmithKline finally finds some momentum
Tech stocks are bruised, but they're still not cheap.

(Read more from BV's sister site for fast business commentary.)
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