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The lopsided nature of American prosperity

It was the year of inequality. The economic debate took a dramatic turn in 2019. To be sure, much attention was paid to the familiar standbys: jobs, interest rates, inflation and trade. But superseding these well-worn subjects was a growing fixation on the lopsided nature of American prosperity. It’s become fashionable to denounce billionaires. Bernie Sanders thinks they should be ...

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Will Standard Life be a winner or a zombie?

It’s showtime for Keith Skeoch. Almost three years since he and Martin Gilbert agreed to create Standard Life Aberdeen Plc, he’s now flying solo as chief executive officer of the UK’s biggest standalone asset manager. For the fund behemoth to be valued by investors and analysts at more than the sum of its parts, it needs to either consistently outperform ...

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Shale’s amazing, world-changing, lousy decade

In between dealing with margin calls, Aubrey McClendon spent some of 2009 liquidating his famously well-stocked cellar in the non-fun way. In vino veritas, as it turns out: McClendon’s vintage version of the financial crisis, after his meteoric rise at the helm of fracking pioneer Chesapeake Energy Corp., embodied the wild successes, excesses and lasting hangover of the shale boom. ...

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