Breakingviews

Iran deal moves oil closer to long bear market

By Edward Hadas
April 7, 2015

A framework deal to curb Iran’s nuclear program is likely to bring the country’s oil exports way up. Like Saudi Arabia, Iran gains more from market share than it loses from low prices. Higher-cost producers will take time to adjust.

Review: Choking on digital exhaust

April 2, 2015

Government and corporate mass surveillance of citizens is an aberration on a par with child labor or environmental pollution, claims security expert Bruce Schneier in “Data and Goliath.” He offers a rousing call for resistance, and hope for change - a few decades hence.

California drought may find relief from Down Under

April 1, 2015

Governor Jerry Brown has ordered a 25 pct cut in water use. With reservoirs and snow caps low, it’s a wise, if belated, move. Now he needs a comprehensive plan for identifying new sources, reallocating existing ones and getting citizens to buy in. Melbourne offers a good model.

Silicon Valley’s noble goals hit home in Indiana

March 31, 2015

Apple, Google and other technology companies often fall short of promises to make the world a better place. Opposing discriminatory laws in the Hoosier State and elsewhere could make up for lost ground. An economic boycott helps put weight behind the industry’s lofty ideals.

Clipping Indian central bank’s wings is bad idea

March 30, 2015

The Reserve Bank of India is facing a campaign to undermine it. Subjecting its regulatory decisions to judicial review will erode its authority. Removing the bond market from its control serves little purpose. Investors can live with a bossy RBI, but not a weak one.

Review: If only U.S. elite education didn’t matter

March 27, 2015

Many American parents and teenagers believe a top-flight university degree is a necessary ticket to success. A new book tries to calm them down. The sentiment is comforting, but the statistics don’t quite support the meritocratic message. The Ivy League still gives a big edge.

Germanwings tragedy requires industry response

March 27, 2015

The crash has drawn attention to less evident aspects of flight safety – possible risks posed by crew rather than passengers. That raises questions about procedures at parent Lufthansa and all airlines. But safety is an iterative process that innovates for unforeseen situations.

India’s boardroom diversity drive has weird result

March 27, 2015

Companies have met demands they dilute male dominance by installing wives and stepmothers as directors. Some women now sit on as many seven boards. Indian corporate governance needs improving and gender diversity can boost financial returns. But mandating change isn’t the answer.

Global water woes mix with trickle of good news

March 23, 2015

The planet faces a 40 pct H2O deficit by 2030 as rising populations require more food and energy. Droughts in Sao Paulo and California may become harbingers of doom. But progress on everything from data to usage to business awareness to international agreements offers some hope.

Elliott emits ray of pragmatism in Argentina feud

March 23, 2015

The hedge fund and a U.S. judge say Citi can process two of the country’s bond payments, despite a court-ordered block. It’s a concession to cover the bank’s back, not a broader shift in holdout creditors’ intractable spat with Argentina. But it may qualify as progress.