Subject: Trump loves the middle class. Up to a point.
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 5 Oct 2017 05:03:33 -0400 (EDT)

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}A daily digest of opinions and analysisThe Limits of Trump's Middle-Class Affections They're his voters. They're his customers. But they're not his tax plan's beneficiaries. So just how much does Trump care about everyday Americans? Trump biographer Timothy L. O'Brien takes stock of the outer-borough billionaire's long and complex relationship with the U.S. middle class.Regime Change? Warsh's Fed Votes Show More of the SameAs a contender to succeed Janet Yellen as Federal Reserve chair, Kevin Warsh is seen as likely to raise rates. But as a Fed governor, he supported cuts. Daniel Moss explains what the conventional wisdom about "hawkish" Warsh gets wrong. Investors Bet on GM, Ford and Tesla. But They Can't All Win.General Motors and Ford's stock prices have surged, in large part due to their electric-vehicle plans — but investors haven't lost faith in rival Tesla, either. Conor Sen sees a fragile equilibrium: If legacy automakers become "less disruptable," after all, that's bad news for the disrupter.The Equifax Hack Started the Wrong ConversationMaybe what matters isn't who owns your data. It's what firms and governments do with it. Cathy O'Neil argues that the manifold failings of Equifax are distracting Americans from a more important debate.Too Many People Dream of a Charmed Life in AcademiaBrilliant colleagues. Curious students. High status. Earning less than half what a kindergarten teacher makes. Actually, that last part doesn't sound quite so much fun. But U.S. universities have long produced too many Ph.D.s, and Noah Smith warns the well-documented adjunct crisis is only going to get worse. Go Ahead, Order That CheesecakeThe taboo on fat owes more to puritanism than to nutrition science, if recent research is to be believed. Faye Flam argues that food fads satisfy humans' religious cravings — for myths, ritual and the promise of salvation.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 ReadsIs the gig economy the modern-day sweatshop? (Dare to Dream Beyond)Why Steve Mnuchin and Gary Cohn are so bad at selling Trump's tax plan (Slate)Bold eagles: Angry birds are ripping $80,000 drones out of the sky (Wall Street Journal)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflyRenewable energy comes at you fastEvidence of biotech froth continues to mountControl the operating system, control the future(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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