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Israelis take to streets against corruption

Bloomberg Thousands of Israelis demonstrated against government corruption as police move to wrap up an investigation of Prime Minister Benjamin Netanyahu on suspicions of bribery. In addition to the weekly march in central Tel Aviv by liberal opponents of the government, which police said drew about 5,000 people, about 500 conservatives normally allied with Netanyahu held a parallel protest in ...

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Suddenly, America’s trade deficit isn’t so terrible

It’s possible that more than half of the US’s trade deficit is a mirage — an artifact of corporate shenanigans designed to avoid taxes. Official statistics say that the US trade deficit is about 3 percent of gross domestic product — smaller than in the 2000s, but still historically large. But a recent Goldman Sachs note about tax reform makes ...

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World’s emerging markets don’t control their own destiny

For all the hype about the decline of the West, it still largely controls whether emerging markets thrive or suffer. The broad global pick-up in growth this year propelled emerging markets toward the biggest gains in stocks and currencies in almost a decade. China’s debt binge did add ballast to the global expansion, and the country’s neighbors are vulnerable to ...

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