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The brave new world of robots and lost jobs

  Job insecurity is a central theme of the 2016 campaign, fueling popular anger about trade deals and immigration. But economists warn that much bigger job losses are ahead in America — driven not by foreign competition but by advancing technology. A look at the numbers suggests that America is having the wrong debate this year. Economic security won’t come ...

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Private equity falls head over heels

  The buyout Masters of the Universe are getting creative in Silicon Valley. This year, technology companies have made up about 19 percent of all US private equity buyouts, the industry’s largest share of PE deals since at least 2004, according to Bloomberg data. Some of the eye-catching private equity tech takeovers in 2016 were Thoma Bravo’s $3 billion buyout ...

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Junk-bond bears to the world

  The junk-bond bears have been terribly wrong this year. But they’re sticking with their pessimistic calls. Distressed-debt investor Anchorage Capital, for example, which lost 1.48 percent in the first six months of the year, has urged clients to start preparing for a downturn, Bloomberg News reported Thursday. The founders of rival King Street expressed a similar sentiment in a ...

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