Subject: A Stunning Victory for "Leave"
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 24 Jun 2016 05:01:33 -0400 (EDT)

Share The View            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: 568px) {         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                                                                                                                                                              Jun 24, 2016                                                     bloomberg.com/view                                                                                                   Farewell to the European Union
The pound plummeted to a 30-year low, European markets nosedived, and David Cameron announced he'd resign as prime minister after British voters chose to leave the EU on Thursday -- a move that left many in London and Brussels panicked. On Twitter, Mohamed El-Erian charted the markets' volatile response, while Megan McArdle offered a warning: "Nationalism is real. Elites forget this at their peril."
Back at Bloomberg View, the editorial board considers how to contain the risk (especially amid rising anti-EU sentiment in other countries), and Mark Gilbert says the challenge is to keep hostilities from rising. Yorkshire-born Clive Crook will take questions about Brexit's economic implications on Reddit at 12 p.m. EDT Friday.
A Blow to Undocumented Immigrants, and Obama
In other big news, the U.S. Supreme Court split 4-4 on President Obama's executive order on immigration, which would have protected some 4 million undocumented immigrants from deportation. The deadlock essentially means the end of the reforms -- at least for the rest of this administration. Noah Feldman offers three lessons from Obama's defeat, while the editorial board argues the fight isn't over yet.
Affirmative Action Survives the High Court
The justices also delivered a surprise victory to affirmative action supporters on Thursday, ruling 4-3 that the University of Texas could continue taking race into account in admissions. Cass Sunstein calls the ruling "a much-needed blow for judicial modesty," while the editorial board suggests new approaches are needed to make universities look more like America. 
The Boars of Brazil
And then there's this: Combating an invasion of wild hogs is tough in a nation where hunting is virtually outlawed. Mac Margolis explains how a Brazilian food fad became a scourge, and then a bureaucratic nightmare. 
Ritholtz's Reads

TV advertising's surprising strength -- and inevitable fall (Stratechery)
A lottery lawyer explains what to do if you hit the jackpot (Vice)
Inside Trump's most valuable tower: felons, dictators, Girl Scouts (Bloomberg)

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

Tesco has a profit problem
Pimco's real-estate storm could be a welcome pause
London's property market has more to fear than Brexit

(Read more from BV's sister site for fast business commentary.)                                                                                                                                                                                                                                                               For more information, email [email-masked].                                                     For media inquiries, contact Jill Watanabe at +1-212-617-1610 or [email-masked].                                                                                                                                                              You received this message because you signed up for Bloomberg View newsletters.                                                                                   bloomberg.com/view | 731 Lexington Avenue, New York, NY 10022 | Contact Us | Unsubscribe                   <a href="http://link.mail.bloombergview.com/click/7007619.22011/aHR0cDovL3d3dy5tYWlsLmJsb29tYmVyZ3ZpZXcuY29tIg/55086a4c3b35d051538c37ccB646f3d99><img src="http://link.mail.bloombergview.com/img/55086a4c3b35d051538c37cc46743.gzf/d9dfcb16.gif" alt="" border="0" /></a>                                                                             

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