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Trump is scaring away some foreign students

The number of new international students at US universities fell for the fourth academic year in a row in 2018-2019. But only by a little bit (the new-student number was 0.9% lower than the previous year’s). These data, released by the Institute of International Education, shed a little more light on the question whether the policies and rhetoric of President ...

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A model economy has stopped to drink its own ‘kool-aid’

Australia is edging closer to needing a dose of extra stimulus if it’s to retain its status as the magical land where recessions don’t happen. That juice may take the form of quantitative easing — a once-unthinkable step for a country with a historical preference for budget surpluses and an economy that’s expanded continuously for 28 years. After four quarters ...

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Modi finds his inner Thatcher with privatisations

When it comes to shrinking the state’s role in production, the priorities of the Bharatiya Janata Party government that’s ruled India since 2014 are very different from those of its predecessor, which left power a decade earlier. And that’s something that has annoyed investors no end. Atal Bihari Vajpayee, the BJP prime minister between 1998 and 2004, gave a colleague ...

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