Opinion

Return of long-term unemployment in US

More than 10 percent of Americans say they have recently given serious consideration to suicide. Among younger adults, that figure rises to over one in four. Thirteen percent of people have reported starting or increasing drug or alcohol use to cope with pandemic-related stress. Nearly one in three say they have symptoms of anxiety or depression. These alarming statistics, based ...

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Russia report implies more than Trump’s campaign

“This is what collusion looks like.” That is how five Democratic senators, including vice presidential nominee Kamala Harris, view the fifth and final volume of the Senate Intelligence Committee’s report on Russian interference in the 2016 election. Their argument rests on new evidence, which they say shows that Paul Manafort, former campaign manager for President Donald Trump, “was directly connected ...

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Walmart sends warning to Washington

Long after the spring spike of pandemic-related pantry loading and panic buying, Walmart Inc is still benefiting from all the ways Covid-19 has reshaped consumer needs and spending patterns. And yet, even as the mega-retailer unveiled another strong quarterly performance, the underpinnings of its results should serve as a wake-up call to Washington: More government stimulus is urgently needed because ...

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Detroit and Germany have their own Teslas

When finance types talk about internal combustion engines, they often just use the abbreviation ICE. It’s an appropriate name: Investors have a frosty view of car companies that depend on petrol or diesel to power their vehicles. Volkswagen AG, the world’s biggest auto maker by sales, has a market value of 73 billion euros ($87 billion), or about 6.5 times ...

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Europe’s youth have found an unlikely hero

Europe’s youth have found an unlikely hero. Mario Draghi, former president of the European Central Bank (ECB), has used his first major speech since his departure from that role to underline the plight of Europe’s youngest generations. At a time of deep uncertainty about the future, and facing accusations of driving recent spikes in infections, teenagers and twentysomethings can use ...

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In Belarus it’s ultimately all up to Vladimir Putin

It’s hard to think of anything more ominous than Russian President Vladimir Putin offering you his “assistance” so you can “resolve the problems” that are keeping you busy. But that’s what Putin has just promised to Alexander Lukashenko, the embattled and apparently fading dictator of Belarus. As the post-Soviet state, wedged awkwardly between the European Union and Nato on one ...

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Virus exposes Spain’s failings again

After the euro-zone crisis, Spain emerged as a sort of model for how the monetary union’s more fragile nations might prosper. The economy expanded steadily as tight labour laws were loosened, and investors flocked to Madrid, pushing its government bond yields well below Italy’s. Subsequently, Spain strengthened its political clout in the European Union, challenging Italy’s position as the third-most ...

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Trump took nuclear option on Huawei

A new US edict limiting Huawei Technologies Co’s access to technology is more than just an incremental measure against the Chinese telecommunications giant. It threatens to kill the company, which invites retaliation from Beijing. In May, the administration of President Donald Trump mandated that manufacturers globally couldn’t use American technology to produce chips designed by Huawei. At first, that also ...

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Britain’s exam fiasco wasn’t just AI’s fault

When the UK government announced the cancellation of exams to prevent the spread of the coronavirus, there was a collective intake of breath from parents and a giant exhalation from students. These yearly trials usually dominate the beginning of summer for British families with school-age children, who are tested to within an inch of their lives. A-levels — taken at ...

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Congress should think like central bank on virus relief

Last week’s US retail sales numbers provided comfort for both the V and the square-root economic recovery camps. But rather than mark the beginning of a consensus on what lies ahead, they highlight a durable debate raging not just on Wall Street, but also on Capitol Hill. By adding 1.2% growth after the 8.4% rebound of the previous month, the ...

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