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Lagarde’s ‘agenda’ is a risk for the ECB

The Christine Lagarde-era at the European Central Bank (ECB) is barely a week old, but these first few days raise concern that her political agenda risks undermining trust in the institution. More specifically, Lagarde is expected to use the might of her new position to push through ideas that European elites prefer, such as closer fiscal coordination, but that broader ...

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US needs to cure the health-care cost disease

By this point, everyone knows that the US health-care system is fundamentally broken. But every plan to fix it runs into a fusillade of opposition. This dynamic could be seen in the reaction to the Affordable Care Act, which remained unpopular for years after its passage. The Obamacare system substantially reduced the number of Americans who were uninsured, but costs ...

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Are we heading towards the US-China tech war?

President Trump seemed to be nearing a preliminary truce in his trade war with China. But the deeper danger that still lies ahead is a Sino-America technology war, as the two countries race to develop artificial intelligence. Beijing and Washington seemed to be clearing a path for a limited tariff-reduction deal with the announcement by China’s Commerce Ministry of a ...

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