Venezuela detains opposition lawmaker

Bloomberg Venezuelan police detained an opposition lawmaker hours after Juan Guaido supporters in Caracas were met with tear gas during a protest against Nicolas Maduro’s regime. Masked FAES officers forcibly removed Renzo Prieto from a hotel in eastern Caracas in the late afternoon, according to Guaido’s press office. Two other lawmakers, Zandra Castillo and Angel Torres, were released after being ...

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Sanders, Biden scrap rallies amid virus fears

Bloomberg Bernie Sanders and Joe Biden have cancelled planned rallies in Cleveland, Ohio amid concerns about coronavirus spreading at public events and suggested the campaigns might suspend large gatherings. But President Donald Trump’s campaign took a different tack, announcing that he would attend a ‘Catholics for Trump’ coalition event in Milwaukee, Wisconsin, on March 19, that “will bring together Catholics ...

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Can’t the US economy tolerate higher taxes?

We are edging towards a soak-the-rich economy. To borrow from Winston Churchill: Rarely would so much be taken from so few. To be sure, the United States is undertaxed in the sense that people want more government spending than they are willing to pay for with higher taxes. Here are the numbers. In 2019, federal taxes equaled 16% of the ...

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Coronavirus: To fear or not to fear!

Americans have become polarised over something other than politics. We’re now divided into those who are washing our hands more carefully and more often, but otherwise living as usual, and those who are buying a year’s supply of toilet paper at Costco and, at the extreme end, ordering $400 bottles of now-rare Purell. For every Covid-19 headline urging “don’t panic,” ...

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JPMorgan’s coronavirus challenge just got harder

Wall Street’s giants are grappling with an unprecedented test of their business resilience — arguably their biggest challenge since 2008. A potential pandemic is forcing a complete rethink of how they operate, while stock markets plummet amid fears of an economic slump. For JPMorgan Chase & Co, the world’s most systemically important financial institution, the sudden absence of its powerful ...

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Was Mick Mulvaney a worst chief of staff?

Might as well be blunt about it: Mick Mulvaney, ousted last week, was probably the worst White House chief of staff ever. And there’s no reason to believe his replacement, Mark Meadows, will be any better. If anything, he looks like an even worse fit for the job than Mulvaney. Mulvaney’s main accomplishment seems to be that he was able ...

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Covid-19 highlights US’s school-nurse shortage

School nurses are already on the front line battling epidemics, from asthma to obesity to teen suicide. Now, as the coronavirus epidemic forces schools to shuffle sports schedules and debate whether to cancel proms, school nurses would seem to be ideal leaders to help guide the response, from offering prevention tips to correcting the kind of misinformation that inevitably courses ...

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Sars lessons inoculate HK against epidemic

Hong Kong has fewer coronavirus cases than the US, Singapore or Italy. That might seem surprising for a city that sits on the doorstep of mainland China and has intertwining business, tourism and personal connections with the source of the epidemic. The reason can be summed up in one word: Sars. The outbreak of severe acute respiratory syndrome (Sars) in ...

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UK’s Tesco scores a super Thai checkout deal

Britain’s largest grocer is heading for the checkout in Southeast Asia with an impressively full trolley. Tesco Plc said it had sold its Thai and Malaysian business to entities linked to Dhanin Chearavanont’s Charoen Pokphand (CP) Group for more than $10 billion, a heftier than expected price. It’s a bold bet on billionaire clout. Picking a buyer that already touches ...

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Most Asian benchmarks fall, Japanese yen rallies

Bloomberg Wednesday brought another day of reversals in many major markets, with US stock futures dropping, the dollar weakening and Treasury yields falling after surging a day earlier. Contracts on the S&P 500 Index fell about 2% after the US administration failed to offer details on what President Donald Trump said would be “major” measures to combat the economic impact ...

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