Subject: The chaos to come in Puerto Rico
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Tue, 21 Nov 2017 05:02:40 -0500 (EST)

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}A daily digest of opinions and analysisThe Real Fiasco Comes After Puerto Rico's RecoveryYou know Puerto Rico is in bad shape. You might not know the worst is yet to come. Fresh from a reporting trip to the island, Timothy L. O'Brien notes that even when the grid is rebuilt, the island's fiscal health, jobs picture, and government will still be in disrepair. So Many Laws. So Much Ignorance. Something Has to Give.Ignorance of the law is no excuse, or so the saying goes — but in a country with hundreds of thousands of criminal regulations, maybe it should be. Yale law professor Stephen L. Carter suggests a longstanding principle of American courts has to change. The Blockchain Might Scare the Gig Economy to DeathThe startup Skeddaddle has a cute name, an ICO on the way, and a terrifying plan to eliminate Facebook and tipping. Matt Levine explains why this "Uber for buses" is the logical endpoint of the "gig economy."In Search of Market Signals in the $450 Million Da Vinci"Price contains information," as Friedrich Hayek said. But what does a record-breaking art sale say about stocks and the economy? Barry Ritholtz sees four ways of looking at the spectacularly expensive painting "Salvator Mundi."Ritholtz's ReadsCan bitcoin survive an apocalypse? (Bloomberg)When a 10 percent gain makes you feel like a loser (MoneyBeat)The 21 Club: 401(k) investors can thank just 21 superstar stocks for driving the big gains in their retirement savings accounts this year (USA Today)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflyThe risks in China's risk curbsUber hints at a detour with Volvo dealQualcomm was right about being undervalued(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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