Share the View 2: Bill Gross's Record and Google Stumbles

Share The View

THE LATEST OPINIONS FROM BLOOMBERG VIEW

JANUARY 12, 2015 bloombergview.com

ENERGY The Editors: "At this point, Keystone XL has more value as a political issue than as a pipeline. That's why President Barack Obama should just approve it already and put this absurdly politicized issue to rest." Read more... INVESTING Barry Ritholtz: Bill Gross is most upset about one thing: "Despite 40 years at the top of the fixed-income world, he believes his recent track record has been misunderstood or misrepresented. ... He wanted to know if Bloomberg was willing to look into the data and 'set the record straight.' Since we splashed his 2013 bonus of $290 million all over the Internet, it seemed only fair to do so." Read more... PARIS ATTACK Leonid Bershidsky: While it's unclear how the rallies in France "can prevent further terrorist attacks, it's easy to see how the anti-Muslim, anti-immigrant backlash could cause more of them." Read more... TERRORISM QuickTake: "Boko Haram's escalating campaign of terror led to its deadliest attack ever in January, when militants killed about 2,000 people in the northeastern town of Baga." Read more... TECH Katie Benner: "The Google of 2015 is not unlike the early 2000s Microsoft -- a hugely profitable company that is having a hard time innovating around its core product. Unless something is done, it will likely go through spasms of flailing and discontent that will be familiar to longtime veterans of the Redmond, Washington, software giant." Read more... ECONOMICS Mark Buchanan: "When economists say they can 'explain' something, beware: Their understanding of the word might be very different from yours." Read more... NEWS ROUNDUP Matt Levine (Read the news roundup) Oil is down. Read more... Your bonus will be down. Read more... Meredith Whitney's hedge fund was a strange hedge fund. Read more... Ritholtz (Read the news roundup) Seven golden rules of investing as markets defy gravity: Read more... How OPEC weaponized the price of oil against U.S. drillers: Read more... There is no effective fiduciary duty to maximize profits. Read more... Benner (Read the news roundup) The Box initial public offering was the hotly anticipated offering of 2014. Now it's also the hotly anticipated IPO of 2015. Read more... The New York Times Magazine had an in-depth story on neuroscientist Sebastian Seung's mission to map the brain's connections: Read more... Uber could someday face competition from a global alliance of rival taxi-hailing apps: Read more... Jonathan Bernstein (Read the news roundup) Julian E. Zelizer at the Monkey Cage on how "even Lyndon Johnson wasn't Lyndon Johnson" -- on presidential power, Congress, Selma and the Great Society: Read more... Nate Cohn at the Upshot on the invisible primary: Read more... Jacqueline Gehring writes at the New West about the political consequences of the terrorist attacks in France: Read more... EUROPE Mark Gilbert: "The euro region is stepping back from the abyss." Read more... CHINA Adam Minter: "Rare earths aren't the world's sexiest commodity. ... But what they lack in branding, they certainly make up for in utility and ubiquity: They're essential to products as wide-ranging as wind turbines, smartphones, high-tech weapon systems and even your fishing reel." Read more...