 Poor Hassan Rouhani: Iran's president is so inconsequential that the Donald Trump administration didn't even bother to impose sanctions on him. The U.S. has now levied them on Supreme Leader Ali Khamenei and eight military commanders, and is preparing similar measures against Foreign Minister Javad Zarif. It had already sanctioned Qasem Soleimani, commander of the Qods Force, and designated the Islamic Revolutionary Guard Corps as a terrorist group. In the virulently anti-American politics of the Islamic Republic, being targeted in this way by the "Great Satan" is something of a badge of honor — one that has been denied the Iranian president, who is regarded with open contempt by his hard-line opponents and by his boss. In a certain light, then, Rouhani's latest description of the White House as having a "mental disorder" might be read as a petulant complaint that his name wasn't on President Trump's hit list. The sanctions on Khamenei may not have a great deal of impact on the ayatollah himself — he doesn't travel beyond Iran's borders, nor does he have any known holdings abroad. (Zarif, on the other hand, will miss his access to the salons and think tanks of New York.) It is hard to know which portions of Khamenei's multibillion-dollar business empire might be affected, but an enterprise built by seizing the property and businesses of his subjects can, presumably, be rebuilt by seizing some more. Whatever the efficacy of the new measures, however, they are hardly a sign of madness. On the contrary, they are a sane alternative to what Donald Trump briefly contemplated: a military response to Iran's many provocations. Read the whole thing. Roberts Won't Let Trump Get Away With a Lie in Census Case – Noah Feldman Is the Media Ignoring What E. Jean Carroll Says About Trump? – Jonathan Bernstein Bitcoin at $10,000 Is About More Than Mark Zuckerberg – Lionel Laurent Everything Everywhere Is Securities Fraud – Matt Levine Trump Suffers a Triple Fail on Iran, Mexico and Immigration – Timothy L. O'Brien India's Water Crisis Is Man-Made – Mihir Sharma Putin's Big Bet on Gold Is Paying Off – Leonid Bershidsky Lightning Strikes Boeing Once Too Often – David Fickling New York's Comeback Might Have Come and Gone – Noah Smith Saturday New Music Here are eight new albums you can stream right now, including a new solo effort from Radiohead's Thom Yorke. This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the 10 most popular stories Bloomberg Opinion published this week, based on web readership, with some other stuff thrown in. | 
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