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India’s Rahul Gandhi mounts a quiet turnaround

Bloomberg Five years ago, Rahul Gandhi, scion of one of the world’s most famous political dynasties, stood with his mother by his side, trying to explain why his Indian National Congress had suffered the worst defeat in its history. Rival Bharatiya Janata Party had won a landslide and crowned Narendra Modi prime minister. For much of India’s 2014 elections, political ...

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The Ex-Im Bank and essence of socialism

Briefly suspending their warnings about the rising tide of socialism, a large majority of Senate Republicans recently joined with almost all their Democratic colleagues in affirming the essence of socialism, which is government allocation of capital. The Senate’s revival of the Export-Import Bank is a redundant reminder that the rhetorical discord between the parties exaggerates their actual differences. The Ex-Im ...

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Macron gets it all wrong over Nissan

Like a practitioner of the Japanese art of Kabuki, Emmanuel Macron’s administration is going through some elaborate dance steps to try to shape the future of the Renault-Nissan carmaking alliance. The French president wants to protect the jobs of his citizens, as well as taxpayer money and France’s credibility as an industrial investor. It’s been an incredibly clumsy performance. France ...

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