“The back-and-forth about Bain Capital, Mitt Romney’s old company, is part of something larger. So is the inquest into the implications of multibillion-dollar trading losses at JPMorgan Chase. Capitalism can produce wonders. It is also capable of self-destruction, and it can leave a lot of wounded people behind. The trick is to get the most out of what capitalism does well, while containing or preventing the problems it can cause,” writes Brookings’ E.J. Dionne. (Washington Post)

Judd Legum: Newark Mayor Cory Booker defends Bain Capital, attacks Obama campaign. (ThinkProgress)

AEI’s Michael Barone: Raise taxes, growth be damned. (National Review)

Heritage’s James Carafano on the UN Convention on the Law of the Sea: “Under Reagan, America’s ambition was to build and maintain a 600-ship navy. Under President Obama’s defense agenda, the U.S. won’t be able to field half that number. Yes, today’s naval ships are better than those built 30 years ago -- but the world is still the same size, and even modern ships can only be in one place at a time.” (Washington Examiner)

Room for Debate asks: Is segregation back in U.S. public schools? (New York Times)

“Last week, a set of arbitrators gave a small MTA union, covering Staten Island and Queens bus workers, the same generous contract that a different arbitration panel awarded to the Transport Workers Union three years ago. It’s a bad sign for the MTA’s future — including its near future, because the TWU contract is up again,” writes Manhattan Institute’s Nicole Gelinas. (New York Post)

For Thomas Sowell, the census data showing the number of white babies is exceeded by non-white babies means a permanent shift left leading to the conclusion: “Unless this fashionable balkanization is stopped, demography can become destiny — and a tragedy for all.” (National Review)

Cato’s Andrew Colson: ‘Useful’ idiots and the American Community Survey. (Cato)