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Make in India? It will take more than just subsidies

  Last week, while inaugurating a new aircraft factory in western India, Indian Prime Minister Narendra Modi returned to a slogan he coined a few months after taking power in 2014: “Make in India.” This time, however, he added: “Make for the world.” This isn’t the first time Modi has gestured toward India’s need to increase manufacturing exports. Still, the ...

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Musk’s superpowers are being ignored

There’s a lot of focus on Elon Musk’s Twitter Inc. purchase and plans to turn around the troubled social network. Most debates around the acquisition miss a crucial tenent of Musk’s glittering track record: He uses software to drive previously unimaginable advances in difficult problems, and then creates a virtuous spiral with investors and users. This approach is critical to ...

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Inflation doves want it both ways with CPI quirk

  For much of the past year, interest rate doves have been eager to make excuses for inflation, blaming obscure methodological quirks in the US’s consumer price index for a stretch of concerning reports. Now, another of those peculiarities is pulling reported inflation down, but the doves are happy to look the other way. While there were certainly positive developments ...

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