Subject: Stop defending payday lenders
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 28 Jul 2017 05:12:09 -0400 (EDT)

A daily digest of opinions and analysis

Avoiding Payday Loans Makes the Poor Richer

Short-term, high-interest credit doesn’t help people in a jam, new research shows; it just encourages reckless spending. But doesn’t that contradict classical economic theory? you might ask. Well, exactly. Noah Smith suspects economists have been too quick to play down the industry’s real harms.

Why Uber’s Losing to the Locals in Southeast Asia

In a ride-share market set to expand fivefold in a decade, local startups are tutoring drivers and subsidizing smartphones — and they’re leaving Uber in the dust. Adam Minter says the Silicon Valley giant needs to change its model if it ever hopes to catch up.

Trump’s Twitter Habit Destabilizes the World

Three words for the president: Delete your account. Really. Donald Trump’s tweets have scrambled military policy, upended foreign relations, shaken financial markets and antagonized allies, and the Bloomberg View editorial board sees only one solution: Stop.

Slow Down, Everyone. You're Moving Too Fast.

A team fires a football player for a crime he didn’t commit. A restaurant chain starts an embarrassing spat with a superfan blogger. Reporters mistakenly spread a false story. What do these snafus all have in common? Stephen Carter says they could have been prevented, if only people gave Slow Thought a try.

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

Howard Marks gets bearish (Oaktree Capital)

Why can’t Americans ditch checks? (Bloomberg)

11 great American companies that have totally lost control of their narrative (24/7 Wall Street)

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

Bloomberg Gadfly

AstraZeneca shows the perils of going all-in

Don't pretend Amazon is something it's not

Beloved corporate bonds get weaker and longer

(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