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Give up FB for a month and help economists fix GDP

Bloomberg Would you give up Facebook for one month in exchange for $50? The question, posed by MIT’s Erik Brynjolfsson and four co-authors of a new paper, may help economists get a better measure of the extent to which new, free technologies are reshaping the economy and our lives. The answer, unsurprisingly, is a lot. They estimate that the social ...

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Leading China carmaker BAIC says competition is ‘brutal’

Bloomberg Beijing Automotive Group Co hopes to sell at least the same amount of vehicles this year as in 2019 as it battles “brutal” competition and a prolonged slowdown in China’s car market. China’s fourth-largest carmaker is targeting up to 2.35 million vehicle sales in 2020, General Manager Zhang Xiyong said at a news conference in the northeastern province of ...

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Ghosn used bullet train to escape: NTV

Bloomberg Carlos Ghosn used public transportation to get from Tokyo to Osaka before boarding a private jet in his escape to Lebanon, broadcaster NTV reported, citing sources involved in the investigation. The former head of Nissan Motor Co and Renault SA took a bullet train around 4:30 pm local time on December 29 from Tokyo’s Shinagawa station, according to the ...

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