Subject: An “extended tweet” of a budget
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 24 May 2017 05:01:29 -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 analysisThe President’s Budget Is Dead on ArrivalDonald Trump released his 2018 budget proposal yesterday, calling for a massive increase in military spending and sharp cuts to just about everything else. It would be a big deal ... if anyone, even Republicans, thought it stood a chance of passing Congress.The Bloomberg View editorial board slams the plan as an “extended tweet” and “a waste of everybody's time,” but optimist Al Hunt points to two silver linings to the proposal. Meanwhile, Tyler Cowen sets aside questions of political feasibility and considers the budget from a purely macroeconomic point of view.Lessons From Turkey’s Slide Toward DictatorshipA permanent state of emergency: It’s a favorite tool of authoritarians, and it’s a reality in Turkey, where President Recep Tayyip Erdogan has declared that sweeping measures enacted last summer will remain in place indefinitely. Now that Turkey’s final fig leaf of democracy has fallen, Noah Feldman sees three lessons for other countries — we’re not naming any names — that hope to avoid its fate.Centrism Takes On the ExtremesA blend of free markets, regulation and redistribution turned the U.S. into the world’s richest nation. What’s not to like? Noah Smith says it’s time for sensible people to stand proud and reclaim that now-dirty word, “neoliberal.”Creating a Service Economy That Really DeliversServices represent about 80 percent of the U.S. economy, but a booming service sector can hold back the economy as a whole. As part of Bloomberg View’s ongoing series on productivity, Victoria Bateman examines how to make service-sector work more efficient.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 ReadsProof! CEOs hurt companies by golfing too much (CNBC)Who’s afraid of Amazon? Nine surprising retail winners (Barron’s)Ten insights from the Berkshire Hathaway weekend (Behavioral Value Investor)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyCharting China, a nation of competitive eatersSelling Uncle Sam’s oil may not mean what you thinkFly Charts: If hogging traffic is wrong, Netflix doesn’t want to be right(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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