Subject: Stumbling toward 2020
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Wed, 8 Nov 2017 05:03:06 -0500 (EST)

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}A daily digest of opinions and analysisVirginia Win Soothes Democrats and Makes GOP SweatRalph Northam's gubernatorial victory in Virginia on Tuesday night sends a strong message to supporters of the current administration and bolsters his party after a terrible 2016, says Albert R. Hunt. Still, anything is possible for Donald Trump, who is currently the least popular president at this point in his tenure. But Jonathan Bernstein asks: What if Republicans had a choice in the next presidential primary election? Meanwhile, Noah Feldman delves into Founding Father James Madison's strict standards for impeachment, which didn't include the mere ineffectiveness of a commander in chief.A Tax Cut for People and Not for BusinessThe House Ways and Means Committee will begin considering the Tax Cuts and Jobs Act this week. The numbers say that the tax reductions for corporations and people are split about 50-50. That seems fair, right? Not when individuals generate five times more tax revenue than U.S. corporations do, Justin Fox points out, and Americans aren't buying what Republicans are selling. Neither are institutions of higher learning, especially elite ones, says Megan McArdle, though it's time to take a look at why the government subsidizes universities (and students) that have more than enough money to sustain themselves.  Why Apple Should Buy NetflixSure, it's a flight of fancy (right now, anyway), but let's indulge: Barry Ritholtz imagines a Netflix takeover in an all-stock deal worth $100 billion, and beating Amazon to the punch would be well worth the price for the content-lacking Apple. Putin Is Losing the Long Game on Foreign PolicyHas Russian President Vladimir Putin really managed to outsmart a series of American presidents while bolstering his nation's standing in the world? Lots of observers think so, but they underestimate the burden Putin has shouldered in three foreign engagements — military involvement in Syria, Ukraine and the annexation of Crimea, and meddling in U.S. and European elections. Council of Foreign Relations fellow Michael Dempsey says the price of those adventures will eventually be high.Ritholtz's ReadsBeing Trump’s mouthpiece is risky for Fox News — and democracy (NBC News)The government wants to stop supporting your farmers market (Quartz)Saudi Arabia’s government purge — and how Washington corruption enabled it (the Intercept)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflySnapchat is having a crisis of confidence. So are investors.When India's money helicopter flew the wrong wayOPEC thinks this whole "shale" thing might be a thing(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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