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Cheap gas fuels gains for tollways

Washington / Bloomberg Americans are paying less at the pump and more at the toll booth, making municipal bonds for highway projects one of the rare winners from the oil-market crash. Tax-exempt toll-road and turnpike securities have gained 1.8 percent this year, outpacing the 1.6 percent return for the broad $3.7 trillion market, Bank of America Merrill Lynch data show. ...

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School choice lotteries fail to make a difference

Bloomberg This is the kind of news that school- choice advocates and skeptics alike need to pay attention to: The Economist magazine reports that a team of academic economists found that students who won a lottery in Louisiana to receive vouchers to go to the public or private school of their choice did worse than students who didn’t win the ...

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Techonology stocks are bruised, but still not cheap

Bloomberg You may have heard technology stocks have had an ugly start to the year. But while they’re battered, they still aren’t cheap. It is true that early 2016 has been unkind to the technology market. Check out this chart of the share price to estimated earnings of the S&P 500 information technology sector index, which includes mega-to-medium companies such ...

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