Subject: A mob-linked business partner, and other Russian minefields
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 22 Jun 2017 10:54:13 -0400 (EDT)

A daily digest of opinions and analysis

Trump, Russia and a Questionable Business Partnership

As the Justice Department's investigation into the White House broadens to include suspicious financial activity involving Russian operatives, it's a good time to revisit the president's dealings with the shadowy Bayrock Group. Trump biographer Tim O'Brien shares an insider's perspective on the now-defunct real-estate firm, which boasted mysterious access to funds, a principal with ties to Russian organized crime — and strong links to the Trump family.

In Saudi Shakeup, Economics Tops Counterterrorism

Saudi Arabia's new crown prince, 31-year-old Mohammed bin Salman, has an eye to the future, but the shuffle replaces a loyal friend of the West. Meghan O'Sullivan argues that King Salman's surprise move sends a message to the world that fighting terrorism isn't the country's top priority.

Canada Should Prepare for the Housing Bubble to Burst

Skyrocketing housing prices in Canada make the U.S. real-estate boom of the mid-2000s look mild, but American homeowners know all too well what can happen when the market destabilizes. Ben Carson explains why their neighbors to the north might be next to learn the hard way.

Colombia Treasure Ship Lures Lawyers, Guns and Money

The Spanish galleon San Jose sunk off the coast of Colombia in 1708; three centuries later, politicians, diplomats and sea-scavengers are locked in a fierce battle over the wreck. (Did we mention it may contain $17 billion in gold?) Mac Margolis explains how a fierce international dispute could redefine the law on who gets to own the past.

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Ritholtz’s Reads

Avoiding stock market distractions (Johnson Investment Counsel)

Bull market in tech stock acronyms reaches perplexing heights (Bloomberg)

Here are all the ways Jeff Sessions is wrong about drug sentencing (Washington Post)

(Read Barry Ritholtz’s full daily news roundup here.)

Bloomberg Gadfly

A GE breakup? Not so fast.

Oil bulls miss out on a royalty check

Enemies of Uber: Now's your big chance

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

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