A world without Roe will send women back to the 1960s

Plus: Blaming Amazon for inflation. [Bloomberg]( Follow Us [Get the newsletter]( This is Bloomberg Opinion Today, a glamorous ghost of Bloomberg Opinion’s opinions. [Sign up here](. Today’s Agenda - We’re hitting the [rewind button]( on [Roe vs. Wade](. - Let’s [blame Amazon]( for inflation. - [Monetary policy]( can be poetic. - [U.K. midterms]( are about to get messy. Death Roe Last night, Kim Kardashian wore a [$5 million piece of fashion history]( on the Met Gala red carpet. Her sheer dress, adorned with 6,000 crystals, belonged to Marilyn Monroe, who originally donned it for her 1962 rendition of "Happy Birthday" for President John F. Kennedy. Within hours, Kardashian’s moment in the spotlight was obscured by a much less glamorous ghost of the past: Roe vs. Wade. Politico released a leaked first draft of a majority opinion, written by Justice Samuel Alito, that would completely overturn the landmark ruling on abortion. The irony is palpable: Carnivalesque "Gilded Glamour" colliding with the harsh reality of America slowly regressing to an era when women had no say over what happened to their bodies, an issue with which Monroe was familiar. She grew up at a time when abortion procedures were illegal and taboo — though [on Hollywood sets](, the practice was as common as popping a Zyrtec in springtime; some biographers claim [Monroe terminated a pregnancy]( in a Los Angeles hospital in July 1962. Life without Roe vs. Wade in the 2020s will likely return us to a similar landscape: Just as in the Sixties, women with money, fame and power will still be able to access the procedure. Women of color, those without money and without access to a clinic will face tremendous medical, [financial]( and [personal hurdles](. In a [Twitter Spaces discussion]( led by Sarah Green Carmichael, Dr. Aditi Nerurkar said Roe’s end [could impact 32 million American women](. Making matters worse, Aditi noted, is the fact that abortions are often medically necessary to protect the mother’s health. Many of us knew this day would come. What we couldn’t have expected was the unusual way we got the news. Noah Feldman writes [the end of abortion rights would be a “constitutional tragedy”]( that “would harm women and undermine basic liberty rights. It would also be bad for the Constitution and the rule of law. The leak just makes it all worse.” The Supreme Court has confirmed [the leaked draft is legitimate](, with the caveat it doesn’t reflect a final decision. Jonathan Bernstein examines the political implications of Roe’s end, noting the decades of polling suggesting [most Americans want it to stay in place](. Though few voters make abortion their top priority, there will always be a minority considering it the only priority. I went to college in Indiana and saw firsthand the fervor this debate can inspire in some corners: Pro-life activists camped outside university buildings, handing out pamphlets about “the sanctity of life.” Young children would stand with them, holding up posters depicting fetuses. Then-Governor Mike Pence signed an anti-abortion bill [mandating women have funerals for fetuses](. Such red flags have been popping up in this nation for decades, warning of the repudiation of women’s rights. The tipping point is finally here, and in the wrong direction. Bonus Roe Reading: Someone at the Supreme Court abused their colleagues’ trust. [We deserve to know who they are](. — Stephen Carter Blame Amazon for All the Things As a society, we get mad at Amazon for a lot of things because, well, it’s sorta fun for plebeians to blame all our problems on bloodthirsty, bajillion-dollar corporations! Ah, twist my arm, let’s have at it: - Overpriced textbooks? Amazon. - Homelessness in Seattle? Amazon. - Online shopping addictions? Amazon. - Targeted ads that can read your mind? Amazon. - Your weird obsession with onion goggles? Amazon. - The bidet you drunk-ordered last weekend? Amazon. - That cardboard box fort your child may or may not sleep in? Amazon. - Pictures of Jeff Bezos shirtless on a yacht? Definitely Amazon. Conor Sen adds yet another item to the list: inflation. As much as we love to hate on Amazon, we depend on the company for basically everything, from toilet paper to underwear to food (big shoutout to jalapeno-flavored Cheetos!). During the pandemic, our borderline-unhealthy relationship with two-day delivery, combined with all those stimulus checks, caused unprecedented demand for stuff. In response, Amazon hired hundreds of thousands of workers and spent billions to ramp up its facilities. It did all this in the midst of a supply-chain crisis from hell, which made everything cost even more. It did what it had to do to keep us happily brushing Cheeto dust off our pants. But [all this excess spending was a major driver of inflation](, Conor writes. Luckily, Amazon has noticed its margins are bleeding red and is slowing its roll. That should help bottle up some of the inflation it unleashed on us. We wouldn’t be mad at that. Rate Hike Haikus In honor of the Fed’s rate decision tomorrow, here are three haikus for the financial hive mind, starring the work of John Authers, Mohamed El-Erian and Marcus Ashworth. TIPS are positive. 10-year yields reach a landmark. [Fed decision looms](. 50 basis points. It’s a “done deal.” Uh, no, no... [Powell must do more](. “It is hideous!” say the Yen, Pound and Euro. That is, [the dollar](: Telltale Charts A stunning 8% of the U.K.'s elected leaders are currently being investigated for sexual misconduct, just ahead of midterm elections on Thursday. Therese Raphael writes [Boris Johnson and his party will suffer](, especially as the Tories have been in power for a long time. More than 6,000 local councilors will be selected in England, Wales and Scotland. This is how things have shaken out in the recent past: [BNP Paribas has established itself]( as a global stock-trading wizard, with equities revenue that puts Credit Suisse to shame, writes Paul J. Davies. Just look at the stock valuation, unrivaled among European peers: Further Reading We now live in a world where [ExxonMobil is mining Bitcoin](. It’s odd, sure, but it might help solve our gas-flaring problem. — Trung Phan A bad man named Bongbong will probably be the next leader of the Philippines. [Here’s how that happened](. — Clara Ferreira Marques [Military alliances aren’t exactly Israel’s bread and butter](, but the war in Ukraine left its government with little choice. — Zev Chafets Not a great look: [Spain and Portugal ducked out of the EU’s huddle]( to stop Russia so they could score cheaper energy prices. — Lionel Laurent It sure looks like a Citi trader accidentally hit the “Sell Everything Now” button and [wiped out 3% of the European index](. — Matt Levine ICYMI [Apple hired a 31-year-old former Ford executive]( to help boost its electric car project. The SEC is doubling the size of its [crypto fraud enforcement army](. If you earn less than $125,000 and have student loans, [you just might get some relief](. Kickers How can one explain the [questionable physics]( behind Blake Lively’s Met Gala dress(es)? [Honeybees]( know how to count their odds and evens. ‘Chief Snacking Officer’ is a real job title. [But only if your name is Gary](. Notes:  Please send cheesy snacks and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Instagram](, [TikTok](, [Twitter]( and [Facebook](. Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before it’s here, it’s on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. [Learn more](. You received this message because you are subscribed to Bloomberg's Bloomberg Opinion Today newsletter. [Unsubscribe]( | [Bloomberg.com]( | [Contact Us]( [Ads Powered By Liveintent]( | [Ad Choices]( Bloomberg L.P. 731 Lexington, New York, NY, 10022