It is true that a weakened Obama will seek to win cheap points by putting the squeeze on Israel.

CENTERFORSECURITYPOLICY: An enfeebled Obama

Backing down on reform, and resorting to populist spending measures, may help win Mr Cardoso some cheap short-term popularity.

ECONOMIST: A paradox for Cardoso

While the adoption of this proposal would be a win for shareholders, we view this cheap portfolio as an attractive value regardless of the outcome.

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