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US’s school closing costs differ by ZIP code

As communities prepare to reopen their public schools, many parents, students and teachers alike worry that it’s still too soon. But the evidence tells us that the longer that physical classrooms stay closed, the less students will learn, and the gap between haves and have-nots will grow even wider. The governor of Florida is being sued by the teachers’ union ...

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The EU’s “Robin Hood” tax is being resurrected

When the European Union first suggested a tax on financial transactions a decade ago, the idea was savaged by banking lobbyists and nixed by many of the bloc’s members. The UK said it was “madness.” The initial ambition to raise up to 35 billion euros ($40.6 billion) a year was reduced to a mere 3.5 billion euros, with only 10 ...

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Singapore Air braces for another loss on Covid-19

Bloomberg Singapore Airlines Ltd, consistently voted one of the world’s best airlines by Skytrax, is poised for another hefty quarterly loss after the coronavirus left it flying a tiny fraction of its usual number of passengers. The airline warned this month that it expects a material operating loss in its fiscal first quarter. It already suffered a record net loss ...

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