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Italy plays with fire in bond markets

Italy is not hanging about. Hot on the heels of its successful 16-year syndicated bond sale in mid-January, it has announced a new 30-year placement. Given the “fill your boots” hunger for all types of debt at the moment – from Turkey to Uzbekistan – it will probably get away okay. It’s certainly priced that way. But with the political ...

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Churning advertising machine drowns out Google’s troubles

In case you were worried, the advertising titans of the internet are doing just fine. Facebook Inc. showed that last week by reporting a 30 percent jump in fourth-quarter revenue from a year earlier. It was the lowest growth rate in the company’s short history, and the company has many challenges to keep growing, but it turns out that Facebook ...

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US should start to work on a Green New Deal

America needs a Green New Deal. That’s easy to say. Spelling out what it means, or ought to mean, is harder. Democrats leading this campaign intend the allusion to the first New Deal — FDR’s multi-front assault on the Great Depression — to convey urgency, ambition, commitment to social justice, and breadth of policy, except this time with the need ...

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