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Inequality is not what’s making people mad

Do people really care about income inequality? Or when they use the term, are they really thinking about something else? You would certainly think from the US political debate that Americans want to close the rich-poor wage gap. In 2013, President Barack Obama famously asserted that inequality is “the defining issue of our time.” Or take Senator Elizab- eth Warren, ...

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Wing unveils air traffic control app for drones

Bloomberg The company that brought you free digital maps and email wants to do the same thing for your drone. Wing LLC, an offshoot of Alphabet Inc’s Google, unveiled a new app it calls OpenSky that it hopes will become the basis for a full-fledged air-traffic control system to manage the expected growth of this new class of flying devices. ...

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Toyota’s $2b pledge revs up Indonesia electric car push

Bloomberg Toyota Motor Corp will lead $3.6 billion in investments that global carmakers have pledged to plow into Indonesia’s electric-vehicle programme in the next five years, Industry Minister Airlangga Hartarto said. The Japanese carmaker’s commitment — it plans to spend $2 billion to build hybrid vehicle plants in Southeast Asia’s largest car market — will help the country triple its ...

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