| This is Bloomberg Opinion Today, a New York City restaurant of Bloomberg Opinion's opinions. Sign up here.  Your ticket to New York's hottest spots. Photographer: Nathan Howard/Getty Images North America You might have missed it, as it was only the second-biggest news story out of New York today, but soon you'll need to prove your vaccination status before you can enter New York City restaurants, gyms and other places humans gather to breathe on each other. As an incentive for the average, say, Missourian, this ranks somewhere between "one (1) free donut" and "50% off the all-you-can-eat buffet at Queasy Jim's Room-Temperature Shrimp Barge." But there are still too many unvaccinated New Yorkers, and every little bit helps. In fact, Max Nisen points out, mandates like New York's are probably the best incentive for devil-may-care young people to finally get vaccinated, because the youths love nothing more than breathing on each other. More places should be like New York City, said no one ever, but maybe in this one case they should be. It would also help, at least a little bit, if the FDA — which, let us once again recall, recently approved a possibly useless Alzheimer's drug over a chorus of objections — would finally approve Covid vaccines already taken by hundreds of millions of people. At the very least, Bloomberg's editorial board writes, the FDA needs to better explain the approval process here and why it appears to be measured on a 10,000-year clock. It would also be super-helpful if President Joe Biden could name a permanent FDA commissioner, after more than six months without one. Biden is busy, of course, but then again: FDA! In a pandemic! The president has at least met his goal of getting one (1) vaccine shot into the arms of 70% of Americans. It happened a month later than he wanted, but Jonathan Bernstein notes nobody's really blaming Biden for that (see Missourians, ibid.). So chalk it up as a political win, along with a win for, you know, human life. Still, we're gonna need a bigger shrimp barge. Boy, China is really not messing around with this whole "Please stop investing in our companies" thing, is it? Its latest targets seem to be gaming companies, including the massive Tencent, whose stock price crumbled after just a hint of regulatory stink eye over the effects of video games on children. This is the latest in a string of big-tech crackdowns that have left a smoking crater in China's stock market. Shuli Ren suggests Communist Party leaders didn't just wake up yesterday fretting about a subject that had Joe Lieberman worked up 30 years ago. All this big-tech agita is about chasing away hot money, to make sure the government remains the country's biggest economic power. A lesser newsletter at this point would wrap up by saying "Game over," but we have standards. Further What-Is-the-Deal-With-China Reading: Inflation has faded somewhat from the headlines, now that people are worried more about what the delta variant will do to growth. It helps that a new ISM survey of businesses registered slightly less panic about inflation than the month before, John Authers notes. That will keep his inflation-indicator dashboard looking like this:  Richard Cookson doesn't buy the bond market part of this dashboard, arguing it's misleading us about the real inflation risk. But Bloomberg Opinion Today believes it is sacrilege to question the bond market and so is keeping its Inflation Threat Level at a relatively unthreatening four (4) Volckers out of 10.  Further Economics Reading: Wall Street is underestimating the economy's growth potential post-pandemic. — Conor Sen The end of Americans' love affair with wiping everything down keeps dragging on Clorox's profits, writes Tara Lachapelle. Next thing you know, it may not even be able to pass on higher costs to us.  An insider might just have a plan to drag Emerson Electric into modernity. — Brooke Sutherland California will now pay you to run a generator every now and then. — Liam Denning Ebrahim Raisi's long career has shown he cares only about serving his benefactor, Iran's Supreme Leader. — Bobby Ghosh Mario Draghi just earned a vacation, and possibly much more time in office, by scoring a win for judicial reform. — Rachel Sanderson The Caribbean is rife with instability. Colombia can help the U.S. manage it. — James Stavridis Governor Andrew Cuomo denied a massive report on alleged sexual misconduct. Airlines keep canceling flights. A Bitcoin ETF is closer to reality. Area German fined for having a WWII tank at his house. (h/t Scott Kominers) A 100-year-old former Nazi guard is going to trial. We might need mushrooms for space travel. Vulture's best TV shows of 2021 so far. Maybe you could speed-watch them.  Notes: Please send mushrooms and complaints to Mark Gongloff at mgongloff1@bloomberg.net. Sign up here and follow us on Twitter and Facebook. | 
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