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Bodies of 74 migrants heading to Europe wash up in Libya

  CAIRO / AP At least 74 bodies of African migrants have washed ashore in western Libya, the Libyan Red Crescent said on Tuesday, the latest tragedy at sea along a perilous trafficking route to Europe. The bodies were found near the western Libyan city of Zawiya on Monday, Red Crescent spokesman Mohammed al-Misrati told The Associated Press, adding that ...

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Beware of consultants bearing rosy news about mergers

  mid the blizzard of election news last November, two writers at the nonprofit news organization ProPublica came out with a startling investigative report. Jesse Eisinger and Justin Elliott wrote about a small but very wealthy group of American economists who make millions of dollars helping companies deal with the federal government on antitrust cases. They focused on Dennis Carlton, ...

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The shipping news suggests reflation is real

  About a year ago, I wrote a couple of columns examining the data available in the industries responsible for moving goods from A to B. “Shipping News Says World Economy Is Toast,” was my dour conclusion. Today, however, many of those indicators are pointing to a much brighter outlook for the global economy, suggesting that reflation has indeed replaced ...

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