Subject: DACA gives Congress a chance to take charge
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 6 Sep 2017 07:33:06 -0400 (EDT)

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}A daily digest of opinions and analysisNow Is the Time for Courageous Political LeadershipDonald Trump’s pledge to end DACA, an Obama-era policy protecting young migrants brought to the U.S. as children, is as cruel as it is counterproductive. But Michael R. Bloomberg sees a silver lining. He writes: “Until Tuesday, those in Congress who oppose deportation — and I believe it’s a strong majority, as it is among Americans — had the luxury of sitting back and allowing Obama’s temporary fix to remain in place. That is no longer a viable option.”The stakes are high, he adds: “The future of the American dream, for all Americans, depends on our willingness to keep it open to all young people who pursue it. And that now depends on Congress having the courage to lead.” Read more.But Who Can Dreamers Trust?Back in April, Trump said the nearly 800,000 young people known as “Dreamers” could “rest easy” under his administration. Instead, he’s left their fate in the hands of a fractious GOP. Political analyst Francis Wilkinson says it’s a hard moment for a vulnerable group to put its trust in Washington.‘Let’s Make a Deal’ Doesn’t Translate in North KoreaTransactionalism may work in business, but it won’t get the U.S. out of its foreign-policy jams. Meghan O’Sullivan explains why the president's negotiating strategy is doomed to fail on the Korean peninsula.The ‘Greater Billionaire’ Theory of Sports-Team PricesWhy would a smart businessperson spend a staggering $2.2 billion on a NBA team, like entrepreneur Tilman Fertitta is reportedly dropping on the Houston Rockets? (After all, they’re not going to drive the Astros out of business.) Justin Fox offers a novel investment theory.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 federal flood insurance puts homes at risk (New York Times)Harvey: Terror, heartbreak and heroism as five Houstonians brave America’s worst storm (Houston Chronicle)The inside story of what it took to keep a Texas grocery chain running in the chaos of Hurricane Harvey (LinkedIn)(Read Barry Ritholtz’s full daily news roundup here.) Bloomberg GadflyAmazon is out to conquer more than kaleTronc’s Daily News deal only goes so farApple’s rain of cash washes away debt doubts(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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