Opinion

Facebook’s latest foray into China just may work

  Facebook’s Mark Zuckerberg is willing to try just about anything to get his company back into China. Publicly, he launched a charm offensive that included learning Mandarin and offering Chinese President Xi Jinping the chance to name his first child (he declined). Less publicly, but no less important, the New York Times reports that his company has developed tools ...

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France’s Republicans must decide who can stop Le Pen

  On Sunday, France’s Republican Party will choose its candidate for the presidential election next spring. Opinion polls say that the Republicans are so far ahead that the party, in effect, is about to name the next president — either Alain Juppe or Francois Fillon, former prime ministers offering not-too-dissimilar conservative programs. The polls, for once, had better be right. ...

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Urgent need to ban plastic microbeads

  Environmentalists are stepping up their campaign to ban plastic microbeads, which are polluting our seas and killing marine life. These are also entering our food chain. What are plastic microbeads? They are tiny plastic particles which are found in cosmetics — including facial scrubs, exfoliators, shower gels and toothpastes — and household products as well as industrial processes. A ...

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Hammond should get on with Britain’s fiscal reset

  The Chancellor is right to keep his powder dry” was George Osborne’s comment on the mini-budget presented this week by Philip Hammond, his successor at the head of the U.K. Treasury. That’s probably correct given the cloud of uncertainty the Brexit vote is casting over the economy. If he waits too long, however, Hammond risks missing an opportunity to ...

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Economics can’t be entrusted to the experts

  Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, The Econocracy, written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. They argue that popular dissatisfaction with government has a lot to do ...

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Beware of data mining to help your investments

Barry Ritholtz I keep promising to stop writing about lessons from the election that are applicable to markets, and then I keep finding more examples. So rather than make any promises I cannot keep, let’s just jump right into this. Since Donald Trump’s surprise victory — though it wasn’t a surprise to those of you with the power of hindsight ...

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The boondoggle of infrastructure spending

  History has a sly sense of humor. It caused an epiphany regarding infrastructure projects —roads, harbors, airports, etc. — to occur on a bridge over Boston’s Charles River, hard by Harvard Yard, where rarely is heard a discouraging word about government. Last spring, Larry Summers, former treasury secretary and Harvard president, was mired in congealed traffic on the bridge, ...

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Populism won’t make EU fall apart

  The global populist revolution is widely seen as an existential threat to the European Union. The parties pushing it are mostly anti-EU, and after Brexit, more exits don’t look impossible. It’s probably wrong, however, to equate the strength of populist movements with anti-EU sentiment. Bertelsmann Stiftung, an organization that regularly measures attitudes toward the EU, has published the results ...

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How Trump can make Medicaid work better

President-elect Donald Trump has already stepped back from his campaign pledge to entirely repeal Obamacare, saying he’ll keep a couple of the law’s popular insurance protections. Soon enough, certain governors in his own party can be expected to argue that it would also be smart to retain the law’s most successful component: the expansion of Medicaid. Trump should take that ...

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Role of SMEs in UAE economy vital

  The UAE is giving huge impetus to Small and Medium Enterprises (SMEs) as the vital sector drives the economic engine of the country. At the recent 13th session of SME World Summit in New Delhi, the UAE representatives underlined that SMEs were the backbone of UAE’s economy. During the conference, the UAE stressed the need to promote partnerships that ...

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