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Wells Fargo hasn’t dealt with its scandal

There is a typical arc of bank scandals. Wells Fargo appears to be caught in a feedback loop, and its first-quarter earnings provided more evidence of that. Wells Fargo recently said that its quarterly earnings per share rose just 8 percent to $1.12, which was slightly more than the $1.06 analysts were expecting. The bank’s revenue of $21.9 billion was ...

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Grilling Zuckerberg doesn’t solve Facebook’s problems

As so often in the past, Mark Zuckerberg found himself apologizing this week. Testifying before Congress, he offered hours of penitence and self-reflection. “I’m sorry,” he said. “I’m committed to getting it right.” And just what would getting it right entail? In questioning Zuckerberg, the assembled members of Congress voiced a long series of abstract anxieties — about data collection ...

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A ray of hope for TPP

Nobody expects a coherent and consistent trade policy from President Donald Trump. But sometimes incoherence and inconsistency are to be welcomed. Trump has apparently directed his trade advisers to explore rejoining the Trans-Pacific Partnership (TPP). This instruction contradicts much of what has gone before — and is, in other words, a very good idea. Trump dumped this painstakingly negotiated pact ...

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