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SoftBank sans telcos means Masayoshi has little to offer

Finally. Get used to hearing that word a lot when people talk about the merger of Sprint Corp. and T-Mobile US Inc. For SoftBank Group Corp. and its founder Masayoshi Son, that sigh of relief also needs a rejoinder: now what? In addition to successfully selling his unprofitable US telco, Son this year is on track to list the company’s ...

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Actually, equality is a mediocre goal. Aim for the progress

There are numerous takes on what made the Western world special during the era after World War II, including an especially large middle class, many years of peace and American hegemony. I’d like to nominate another candidate, namely that there was a rough correspondence between the major risks out there and the risks that government could afford to insure us ...

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Australia holds key rate as hiring bonanza winds down

Bloomberg Australia left its key interest rate unchanged at a record low — as expected — amid the slowing of a hiring boom. Reserve Bank Governor Philip Lowe kept the cash rate at 1.5 percent, where it has stood since late 2016, as the central bank waits for inflation to strengthen. The nation’s jobs growth has declined to a three-month ...

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