Subject: Why it's so exhausting to defend Trump
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Thu, 25 Jan 2018 05:02:05 -0500 (EST)

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}A daily digest of opinions and analysisA Moment of Sympathy for the Trump BoostersLook! A Trump scandal. Bam! There's another. Every time the president's backers respond to one disaster, still more pop up. Albert R. Hunt offers a handy guide to the lawmakers playing Trump Whac-a-Mole. Davos Warms to TrumponomicsThe president may not be popular with the elites at the World Economic Forum, but his tax cuts certainly are. Still, will their effects (and the good will they generate) melt with the snow? Ferdinando Giugliano reports on the sentiment at Davos.  California Needs to Keep Its MillionairesThose tax changes aren't popular with everyone, though — especially not those who live in high-tax blue states, such as California. The GOP tax law might not drive out the Golden State's richest residents, Francis Wilkinson says, but a hit to the upper middle class could leave California reeling.We Get It, Netflix. You're Big. Don't Be Bad.Netflix is a powerhouse, but it's running on debt and its bondholders will lose patience with spending on low-quality content. Megan McArdle says buying libraries of dreck is not a viable long-term strategy. Ritholtz's ReadsBusiness schools have a problem with fintech (Financial Times)Ray Dalio teaches Cycles 101: Boom, then bust. Repeat. (Credit Writedowns)The programmer at the center of a $100 billion crypto storm (Wall Street Journal)(Read Barry Ritholtz's full daily news roundup here.)Bloomberg GadflyNovartis climbs out of its growth pitThe pain (and gain) of Qualcomm's market powerTesla showering Musk with stock is better for bondholders(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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