Did you watch President Barack Obama's speech to graduating high school seniors? It was part of a celebration broadcast through various media over the weekend. It was … adequate. He made a brief self-deprecating remark, voiced a bunch of platitudes and subtly reprimanded unnamed people in government for leaving plenty for the next generation to do. Or I suppose I could say: It was adequate! He didn't once praise himself; in fact, other than a joke about his big ears, he really didn't talk about himself at all. He didn't brag about his accomplishments. He didn't say anything false, let alone repeat any whoppers that had already been corrected multiple times; there would be no need to debate whether untrue things he said counted as lies or not. While he did say that the government could be doing better, he didn't insult anyone by name, invent any degrading nicknames or hint that his political opponents should be tossed in jail. It wasn't anything that George W. Bush, Bill Clinton, Jimmy Carter, Ronald Reagan, Gerald Ford or even Richard Nixon couldn't have done. All of them, indeed, performed that task adequately or better, sometimes memorably better, countless times over their careers. It was, of course, something the current president has failed utterly to do for more than three years now: Offer adequate oratory when the occasion calls for it. Read the whole thing. Iceland Is the Perfect Coronavirus Refuge — Lionel Laurent The Unicorns Fell Into a Ditch — Matt Levine This Recovery Is Doomed Before It Even Begins — Daniel Moss Coronavirus Will End the Golden Age for College Towns — Noah Smith What Does China Really Want? To Dominate the World — Hal Brands Americans Have No Clue What's Next on Inflation — Brian Chappatta America Has Opted for a Bad Recession — Narayana Kocherlakota A Cold War Is Heating Up in the South China Sea — James Stavridis How Putin's Russia Bungled the Pandemic — Clara Ferreira Marques This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion published this week based on web readership, plus some other stuff sometimes thrown in. | 
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