Subject: Love loses with Trump's military ban
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 27 Jul 2017 05:05:14 -0400 (EDT)

A daily digest of opinions and analysis

A Dishonorable Ban on Transgender Patriots

Love loses, and so does America, when the president decides to exclude an entire class of citizens from military service — apparently on a whim, as happened early Wednesday morning. Michael R. Bloomberg, founder of Bloomberg LP, decries Donald Trump’s latest stunt:

"Trump's tweeted ban smacks of disrespect: for the military's careful process, for the value of political deliberation, for the American ideal of equality. And, finally, it demeans the service of the transgender people currently serving in the military, who have volunteered to fight and die for their country, and deserve the gratitude of all Americans."

The ban was questionable on strategic and legal grounds, too: Eli Lake argues it will set back the U.S. in its fight against Islamic State, while Noah Feldman says there’s no way it could stand up in court.

Insuring Everybody Should Be a Republican Goal

Nearly 30 million Americans lack insurance under Obamacare, and 20 million more stand to lose coverage under “repeal and replace.” Can’t the GOP aim higher? Michael Strain says that Republicans could get that number to zero without violating conservative principles, if they made it a priority.

Those Pointless Upper-Middle-Class Entitlements

The home mortgage interest deduction, the subsidies for IRAs and 401(k)s and college savings accounts — as popular as these tax breaks are, they really have no need to exist. Justin Fox takes aim at the least essential of the bunch.

Asteroid Mining Has a New Champion

Space isn’t just for superpowers anymore. Just ask Luxembourg. Adam Minter explains how a tiny country made itself a big player in an exotic and fast-growing industry.

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

The topic is gold (Irrelevant Investor)

It’s time to go large in small-caps (Barron’s)

Tesla and Elon Musk’s moment of truth with first mass-market car (Financial Times)

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

Bloomberg Gadfly

It’s lift-off for Apollo's record fund

The Fed could use a little help from investors

Don’t worry about Facebook’s growth. Be happy.

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

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