Subject: This tax bill is a trillion-dollar blunder
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 15 Dec 2017 05:09:10 -0500 (EST)

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}A daily digest of opinions and analysisCongress Put Politics Ahead of Smart Reform"The largest economic challenges we face include a skills crisis that our public schools are not addressing, crumbling infrastructure that imperils our global competitiveness, wage stagnation coupled with growing wealth inequality, and rising deficits that will worsen as more baby boomers retire," writes Michael Bloomberg. "The tax bill does nothing to address these challenges. In fact, it makes each of them worse."Disney Will Rue Its Merger With FoxThe combined company will be tied to cable TV. And cable TV will die. Joe Nocera anticipates the post-mortem.Thank Goodness for Donald Trump"With Trump in the White House," writes Mihir Sharma, "the potency of white supremacism can no longer be hidden." Ditto sexual assault, climate-change denial, and the terrible political consequences of inequality.Latin America Needs a China StrategyBecause, as Mac Margolis shows, China definitely has a Latin America strategy.How to Avoid the Worst Possible BrexitThe Bloomberg View editorial board writes that separation talks between Britain and the EU need a new purpose and a greater sense of urgency. Some in the "remain" camp are calling for a new referendum instead, to short-circuit the withdrawal -- which Therese Raphael argues would bring the worst of all worlds. The course is set and must be navigated. Ritholtz's ReadsEmerging Markets Shrug Off Crises for Best Gains in Eight Years (Bloomberg)El-Erian: Financial Investors’ Wish List for 2018  (Project Syndicate)The Amazon Machine (Benedict Evans)(Read Barry Ritholtz's full daily news roundup here.) Bloomberg GadflyWhat's the Murdochs' master plan?Peak subscription box has arrivedNew life for gaming consoles(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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