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Passive investing might not be great for growth

When United Airlines called security to drag passenger David Dao off of his flight back in April, some observers cheered the airline’s falling stock price, expressing the hope that this would punish the company’s executives and owners and spur them to implement a more passenger-friendly attitude. United’s stock quickly recovered. But even had it fallen a lot and not bounced ...

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Italy’s bank bailout serves German interests too

As Europe’s politicians digest the lessons from Italy’s recent 17 billion euro ($19.34 billion) bailout of two Venetian banks, two schools of opinion have emerged. The majority view is that the bailout, while less than ideal, at least brought greater financial stability to Italy. Italians themselves seem pleased with the outcome. So far there has been no great taxpayer outcry, ...

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Price is no object at Apple’s new headquarters

Do you remember the NeXT computer, the one Steve Jobs began building in 1985, after he was booted from Apple by then-chief executive John Sculley and the board? It was supposed to be a machine built for academia, the ultimate learning tool priced so that universities would be able to buy them in bulk. But Jobs being Jobs, he had ...

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