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US diplomats scored a quiet win against China

China advances its campaign for global influence stealthily, partly by winning control of little-known but influential UN agencies. The State Department decided last summer to push back hard — and just won a potentially important victory in protecting global technology rights. The US diplomatic success came recently, when the World Intellectual Property Organization (WIPO) voted 55 to 28 to back ...

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Covid-19: Airlines sounding alarms

The last thing anyone needs in this coronavirus situation is more panic, but there’s a notable gap between the alarms emanating from the airline industry and the sanguine attitude among the companies that supply their spare parts and maintenance work. Last week brought a flood of fresh warnings from US carriers on cancelled flights, with Delta Air Lines Inc and ...

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Best virus response? QE plus infra spending

The economic threat from the coronavirus pandemic is profound. Stocks have plunged, oil prices have tumbled, the entire yield curve has fallen below 1% for the first time in history, and the country may already be in recession. Boosting the economy will be difficult, because macroeconomic theory and policy are not set up to deal with pandemics. The US economy ...

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