Subject: The next Fed chair won't really control the Fed
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 22 Aug 2017 05:03:05 -0400 (EDT)

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}A daily digest of opinions and analysisThe Fed Is More of a Democracy These DaysEconomists seem confident Gary Cohn will be the next head of the Federal Reserve, but whoever gets the role will have much less power than, say, Alan Greenspan did. Daniel Moss examines how a host of forces came to constrain the central bank over the course of the past decade.Renewables Won’t End Global Conflicts Over EnergyThere are plenty of reasons to get excited about the rise of solar and wind power. An escape from energy geopolitics isn’t one of them. Sure, the age of fossil fuels is passing, Meghan L. O’Sullivan says, but countries that dominate rare-earth minerals will be the petrostates of tomorrow.Sorry, But Silicon Valley Isn’t Special Anymore“It’s better to be a pirate than join the navy,” Apple co-founder Steve Jobs famously said. But can the world’s most powerful companies still claim to be buccaneers? Conor Sen says the tech industry is only pretending to be full of upstarts — and the facade is crumbling.The Computer Models That Say Diversity HelpsDifferent minds matter. For proof, just ask a game theorist. Justin Fox speaks with Scott E. Page, a University of Michigan professor of complex systems, about cognitive diversity, Silicon Valley hiring, and that controversial Google memo.Number of the Day: 51,000That’s how many extra retweets and favorites Donald Trump can get just by adding “Make America Great Again” to a tweet. Mark Whitehouse runs the numbers on the president’s most effective social-media mantra.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 ReadsHow a new audit rule could bring sunshine to U.S. markets (MoneyBeat)Stanley Fischer, Fed vice chair, on the risky business of bank reform (Financial Times)China is burying its cities under mountains of extremely cheap bikes (Bloomberg Businessweek)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyChina tech M&A fires upHerbalife buyback shouldn’t obscure risksWarren Buffett can’t keep coming up empty-handed(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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