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End the shutdown with a deal on Trump’s wall

It’s depressing — but at the same time fitting — that the new Congress has come to town in the midst of another government shutdown. For the moment President Trump sees tactical advantage in extending his dispute with Congress over funding his “wall.” Most of the country would be grateful if he and the Democrat-controlled House of Representatives came to ...

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In Space, China has taken a big step but not the lead

On January 2, China successfully landed its Chang’e-4 spacecraft on the moon’s far side — an impressive technological accomplishment that speaks to China’s emergence as a major space power. Understandably, some Chinese scientists are taking a victory lap, with one going so far as to gloat to the New York Times that “We Chinese people have done something that the ...

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Yield curve is telling Fed to hold on interest rates

Imagine if you could predict recessions, years in advance, more accurately than professional economic forecasters, just by looking at a few data points. Well, according to a 2008 paper by economists Glenn Rudebusch and John Williams, you can. The data you have to look at is what’s known as the yield curve — a technical term for the different interest ...

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