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Poland’s Play to announce IPO to boost growth

  Bloomberg Play, Poland’s fastest growing mobile provider, may soon announce an initial public offering that would give it a multibillion-dollar valuation. The Warsaw-based company, which already serves about 14 million customers, is reviewing options to generate further growth, according to a filing on the Luxembourg Stock Exchange Friday. One option is an IPO, the company said in the filing. ...

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Don’t compare Reagan’s economy to Obama’s

  If I were teaching a college-level course on political economy, my midterm exam would ask students to spot the errors in an op-ed with the headline, “Do You Want Reagan’s Economy or Obama’s?” Why? Because this particular article, by former Republican Senator Phil Gramm and Michael Solon, a GOP policy adviser, provides a perfect opportunity to show how partisan ...

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Beware the weak debt tail wagging emerging markets

  It’s not often that the International Monetary Fund (IMF) warns of a risk to global financial stability at its spring meeting in Washington, and almost immediately evidence jumps out of a bank earnings report in Mumbai. That’s what happened on Wednesday. The IMF released analysis showing an alarming buildup of vulnerable corporate debt — the kind where operating profit ...

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