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Xiaomi’s rebound portends a return to capital markets

Growth is back at Xiaomi Corp. After suffering some pretty brutal quarters at the hands of compatriot competitors and a weakening global smartphone market, the Chinese startup trumpeted its return last week at an all-hands staff meeting. Shipments in the second quarter climbed 70% from the prior three-month period to 23.16 million handsets, founder Lei Jun said in a statement ...

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Let your taxidermist cross state lines

The freedom to move in pursuit of opportunity is a basic — and constitutionally protected — American value. Yet it’s a value in decline. American workers are half as likely to relocate to another state as previous generations. Lower mobility may be one reason why job openings in the U.S. are at an all-time high. The country’s irrationally restrictive system ...

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The Macron revolution should be about growth

It took brave, radical thinking for President Emmanuel Macron to transform French politics so completely. Reforming the French economy will demand no less focus and ambition. To judge by the speech he gave at Versailles last week, there’ll be no lack of ambition: It was positively regal. Focus, though, was less apparent. Once he turns to the task of governing, ...

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