Subject: The worst thing to do in North Korea
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 7 Jul 2017 05:03:51 -0400 (EDT)

A daily digest of opinions and analysis

Striking North Korea Would Be an Absolute Disaster

Much of the world has been on edge since the Hermit Kingdom launched its first intercontinental ballistic missile this week, and the Trump administration’s muddled response has only ratcheted up the tension. Let’s hope cooler heads prevail: Former NATO commander James Stavridis argues that striking North Korea would amount to mutually assured insanity.

It’s Time For Some Game Theory

No, really, we mean it. If Donald Trump wants a peaceful resolution to the conflict, Leonid Bershidsky says, he should study game theorist Thomas Schelling’s work on nuclear deterrence and brinkmanship.

Why China Tolerates a Nuclear North Korea

You might think having an erratic, heavily armed pariah state next door would lower your real-estate values, but guess again: China has no interest seeing the regime in Pyongyang disappear. (So much for Trump’s threats!) Noah Feldman explains how the current tense situation works to Beijing’s benefit.

The U.S. Should Invest in Minds, Not Miners

For the past four decades, new technologies have gradually been making physical labor obsolete — a structural shift that some say rivals the Industrial Revolution. And just like those at-home weaving jobs never came back, Caroline Freund and Christine McDaniel say the glory days of mining and manufacturing are likely gone forever.

The Daunting Cure for DC and NYC Subway Woes

New York commuters face a “summer of hell,” and conditions aren’t much better in the nation’s capital, where Megan McArdle despairs at the state of American mass-transit infrastructure. Fewer bureaucrats and self-dealing unions would help, but in the end, lasting fixes will require — you guessed it — huge sums of money.

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 Reads

Stocks still don’t look very expensive (Real Clear Markets)

How to survive the retail crisis: A master class from T.J. Maxx (Wall Street Journal)

Ancient Romans made world’s “most durable” concrete. We might use it to stop rising seas. (Washington Post)

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

Bloomberg Gadfly

Elon Musk won’t save big mining

To love Tesla, simply lower your expectations

Brave women in tech can’t weed out misconduct alone

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

Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022

Web ● Facebook ● Twitter

Feedback ● Unsubscribe