2025 was full of red flags

It was not a banner year.

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This is a special end-of-year edition of Bloomberg Opinion Today. Chaos in governance, finance, education and trade set off alarm bells for Bloomberg's editorial board in 2025. But every problem has a solution — and that's where the editors come in. Preparing for the Worst The Financial Crisis of 2025? Better to Be Ready Washington Ignores a Looming Fiscal Emergency Washington Must Break Its Promise on Social Security The NBA Has a Gambling Problem. So Does America. Restoring Fiscal Control Can't Wait Much Longer Trade Troubles The US Will Be the Biggest Loser From Trade 'Wins' The US Shouldn't Need Another Warning on Rare Earths The Only Thing Dumber Than a Trade War Would Be a Real One Who Blinked First in US-China Trade War? Who Cares? New US Tariffs Are Working as Intended, Right? Wrong Crises in Education Does College Still Have a Purpose in the Age of ChatGPT? For Too Many American Kids, Math Isn't Adding Up If America Doesn't Want Harvard, Somebody Else Will Shaky Finances Private Equity and 401(k)s Aren't a Great Match America Needs to Be Strong. Why Weaken Its Banks? Fannie and Freddie Can Never Be Truly Privatized The Credit Hazard Lurking in Your Retirement Funds When Banks Need Capital, Synthetic Isn't Good Enough Europe in Disarray Does Europe Even Know What Competitiveness Means? France's Crisis Isn't Just Macron's Problem — It's Europe's Merz Risks Blowing His Chance to Restart Germany To read more from the board, which publishes the views of the editors across a range of national and global affairs, click here. Notes: Please send go bags and 529 contributions to Brooke Sample at bsample1@bloomberg.net. This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads.

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