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Economists losing their inflation-forecasting touch

July was another month of very low inflation, we learned it. That’s too bad. Economists had anticipated a small but respectable gain in the US consumer price index. That would have relieved some pressure on the US Federal Reserve to delay interest-rate increases in the name of economic growth. The increase was indeed small at 0.1 percent in July from ...

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US students should be taught how to code

During a recent White House meeting with President Donald Trump, Apple CEO Tim Cook remarked that “coding should be a requirement in every public school.” He’s right. But turning an aspiration into a reality—whether in the classroom or in the Apple store—takes time, money and concentrated effort. The economic argument for upgrading computer science education in the US is strong. ...

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Amazon could probably conquer drugstores, too

Can Amazon do to the pharmacy business what it’s done to … well, everything else? Rumor has it they’re thinking about doing just that. They’ve reportedly created a new general manager position to look into such an expansion. In May, when those rumors started floating, Bloomberg’s own Max Nisen explained why they might find the business attractive: CVS Health Corp.’s ...

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