Opinion

Trump has colossal challenges ahead

  He came; he confronted; and he conquered. The unexpected result has given the ‘unpredictable’ the presidential crown. Donald Trump has been voted to become the 45th president of the United States of America. If Brexit was a big shock for the world, Donald Trump’s victory is the bigger one. Undoubtedly, the realty tycoon has stunned America and the world. ...

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India starts to abandon cash, maybe a bit too fast

  It certainly took everyone in India by surprise. But then, Prime Minister Narendra Modi has a flair for the dramatic. In an unexpected primetime address on Tuesday, he announced that in a few hours, millions of high-denomination currency notes would no longer be legal tender. It was the only way, he insisted, to deal with “the disease” of unaccounted-for ...

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Tech has not shaken basic economics

  A funny thing happened on the path to disruption. This decade, most of Silicon Valley’s big societal claims have turned out to be wrong. These claims arguably began around the time this cycle’s real expansion began, in late 2011. Two scholars’ 2011 text, “Race Against the Machine,” looked at some of the problems plaguing the U.S. economy — stagnant ...

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Giving libertarianism an update for the 21st century

  Noah Smith A little while ago, I wrote that libertarianism — the small-government philosophy codified by Robert Nozick and others in the mid-20th century — is looking a little shopworn. As efforts to slash government yield diminishing returns, and empirical evidence piles up that many government interventions are very beneficial, the minimalist state envisioned by Nozick et al. doesn’t ...

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The curse of victory

Regardless of who wins this bitterly contested election, the victor will face the same basic, daunting, task: reconciling the vast promises that have been made, both in this campaign and earlier, with the government’s limited ability to meet those promises. It won’t be easy. You can blame Donald Trump, Hillary Clinton or both for this campaign’s guttural nature —the lies, ...

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The last, best hope for a good trade deal

  Both Hillary Clinton and Donald Trump say they oppose the Trans-Pacific Partnership, a trade deal among 12 countries. The second-place finisher in each party’s presidential primaries —Bernie Sanders and Ted Cruz —opposed it, too. These facts would seem to doom the Obama administration’s goal of getting Congress to approve the agreement between the election and the inauguration of the ...

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How US can punish Russia for meddling in its election

  Amid this divisive and miserable (and thankfully over) U.S. presidential campaign, one menacing subplot hasn’t received the kind of attention it deserves: the Russian government’s effort to disrupt the American political and electoral process. In July, hackers dumped a trove of stolen e-mails from the Democratic National Committee, leading its chairwoman to resign. A few weeks later, the personal ...

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Hatta plan will set a green precedent

  The AED1.3 billion Hatta development plan — launched on Monday — will change the face of that area, while preserving its rich heritage. There are essentially three primary targets of the project: economy and services, sports and tourism and culture and education. All these will catapult Hatta into a place where culture and recreation coexist. Hatta — located in ...

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India pushes UK to figure out an economic future

  It’s hardly surprising that Theresa May’s first bilateral summit outside Europe was with India’s Narendra Modi. Like almost everything else May has done since taking office, the visit has been all about Brexit. Nor is it surprising that May flies back to London disappointed and chastened. It was painfully visible on her trip that post-Brexit Britain still hasn’t learned ...

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Brexit starting to feel like a very British coup

  There’s a joke doing the rounds on Twitter: Brexit walks into a bar. “Why the long farce?” asks the barman. Unfortunately, it’s too close to the truth to be truly funny. Post-referendum Britain feels oddly different to the pre-plebisicite United Kingdom; less united, certainly, and also somewhat diminished as a kingdom. Less than five months after the surprise U.K. ...

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