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Housing must be job no. 1 for London’s new mayor

  The bookies and polls called it correctly. Londoners chose the son of Pakistani immigrants as their next mayor over the Eton-educated heir to a family fortune. Now it will be up to Mayor Sadiq Khan to fulfil his promise to address the greatest source of London’s growing inequality: the city’s housing crisis. London housing is both expensive and scarce. ...

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Machines will never put humans out of work

  Leonid Bershidsky It is now widely accepted that technological advances, especially ones that make machines more like humans — such as robotization or artificial intelligence — are putting people out of work and will only destroy more jobs in the future. The wealth will accrue to those who own the machines, not to what’s known as the middle class ...

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Corruption, economic development and poverty alleviation

  Asit K. Biswas / Augustin Boey SPECIAL TO EMIRATES BUSINESS Corruption has probably existed since the dawn of human civilization. With a steadily increasing population, accelerating economic activities accelerating, and intensification of global inequalities, corruption has become increasingly commonplace and pervasive. Alan Greenspan, former Chairman of the Federal Reserve of the United States of America, has observed: “Corruption, embezzlement ...

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