Subject: The next threat to the heartland: too many jobs
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 2 May 2017 05:03:15 -0400 (EDT)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisFull Employment: Great for Rural Americans, Bad for Rural AmericaIt may seem counterintuitive, but low unemployment means rural workers have more bargaining power and options — including the option to leave their hometowns for better-paying jobs in cities. Conor Sen warns that the labor shortages now causing problems in northern New England (where the jobless rate is 3 percent or lower) could spread to and even depopulate other already-struggling communities.Fed Officials Are a Bunch of OversharersNeel Kashkari prefers Coke to coffee, thinks his district is a pretty good microcosm of the U.S. economy, wants higher capital requirements for too-big-too-fail banks, and enjoys the chicken tenders in the Minneapolis Fed cafeteria. Sure, not everyone at the Fed is so active on Twitter, but Jared Dillian sees Kashkari’s ask-me-anything style as emblematic of a larger, troubling movement toward excessive transparency at the central bank.Start Worrying About Emerging MarketsThe good news: Emerging nations seem ready for higher U.S. interest rates. The bad news: Political risk is rising, commodities prices are lagging, foreign-currency debt remains high, and the world is still vulnerable to the U.S.’s stumbles. Satyajit Das lays out why countries like Brazil, Mexico, South Africa and Turkey and can’t get complacent just yet.What Did You Do During the Great Chemical War, Grandpa?Lt. John Suydam worked for the U.S. Chemical Warfare Service during World War I, manufacturing nerve gases to send to France. Eighty years later, his grandson worked to ban such toxic agents. The 20th anniversary of the Chemical Weapons Convention passed without much fanfare last weekend, but for James Gibney, it was both a political milestone and a family affair.The Latest Weak Argument on Climate ChangeSure, blind faith in scientists is bad. But so is stubborn distrust in the face of evidence. After a New York Times columnist created a firestorm with an essay defending climate skeptics, Faye Flam examines how scientists know what they know, and how sure they are that they know it. (Hint: Not with “complete certainty.”)Bonus Personal-Finance Factoid of the DayThe U.S. household savings rate has fallen since 1995, but its relative position among rich countries has risen ... from second-to-last to middle of the pack. USA! USA!Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsESPN is a reminder that when it comes to the market, no one is too big to fail (Arc Digital)Why not to speculate during bull markets: Lessons from Isaac Newton and Stanley Druckenmiller (Safal Niveshak)Whatever you do, don’t read this column: Investors have a hard time looking the truth square in the face (Wall Street Journal)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyGet over the OPEC meeting, alreadyFox’s double-dealing amid scandals makes senseWhat's missing from the Trump rally? Trump stocks.(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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