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Colombia needs peace for economic revival

  It would be wrong to say that all Colombians have rejected their government’s peace deal with the Marxist guerrillas FARC when the turnout for the referendum was only 37percent. The accord was turned down by a razor-thin margin of 50.2percent to 49.8percent. Had the two-thirds who abstained voted, the result would have been very different. The referendum shows only ...

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India’s next rate decision shouldn’t cause anxiety

  Roiled by fears of a possible conflict with Pakistan, markets in India haven’t been terribly stable in recent days. But at least one source of anxiety has happily been alleviated. Investors are confident that Tuesday’s monetary policy statement from the Reserve Bank of India — the first since the departure of former governor Raghuram Rajan — will signal continuity, ...

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New immigration’s face changes the housing market

  The twin shortages plaguing the U.S. in 2016 — a shortage of cheap service labor, and a shortage of affordable housing — are products of the same little-noticed trend: For decades, the education level of immigrants has been rising. A recent report from the National Academies of Sciences, Engineering, and Medicine entitled “The Economic and Fiscal Consequences of Immigration” ...

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