Facebook’s latest foray into China just may work

  Facebook’s Mark Zuckerberg is willing to try just about anything to get his company back into China. Publicly, he launched a charm offensive that included learning Mandarin and offering Chinese President Xi Jinping the chance to name his first child (he declined). Less publicly, but no less important, the New York Times reports that his company has developed tools ...

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France’s Republicans must decide who can stop Le Pen

  On Sunday, France’s Republican Party will choose its candidate for the presidential election next spring. Opinion polls say that the Republicans are so far ahead that the party, in effect, is about to name the next president — either Alain Juppe or Francois Fillon, former prime ministers offering not-too-dissimilar conservative programs. The polls, for once, had better be right. ...

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Urgent need to ban plastic microbeads

  Environmentalists are stepping up their campaign to ban plastic microbeads, which are polluting our seas and killing marine life. These are also entering our food chain. What are plastic microbeads? They are tiny plastic particles which are found in cosmetics — including facial scrubs, exfoliators, shower gels and toothpastes — and household products as well as industrial processes. A ...

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Hammond should get on with Britain’s fiscal reset

  The Chancellor is right to keep his powder dry” was George Osborne’s comment on the mini-budget presented this week by Philip Hammond, his successor at the head of the U.K. Treasury. That’s probably correct given the cloud of uncertainty the Brexit vote is casting over the economy. If he waits too long, however, Hammond risks missing an opportunity to ...

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Economics can’t be entrusted to the experts

  Why has so much of the world succumbed to populist demagoguery and xenophobic nationalism? To a non-trivial extent, economists may be responsible. This idea finds some support in a new book, The Econocracy, written by three U.K. economics students — Joe Earle, Cahal Moran and Zach Ward-Perkins. They argue that popular dissatisfaction with government has a lot to do ...

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Beware of data mining to help your investments

Barry Ritholtz I keep promising to stop writing about lessons from the election that are applicable to markets, and then I keep finding more examples. So rather than make any promises I cannot keep, let’s just jump right into this. Since Donald Trump’s surprise victory — though it wasn’t a surprise to those of you with the power of hindsight ...

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Lufthansa offers pilots new deal to end strike

  Berlin / AFP Germany’s flagship carrier Lufthansa offered pilots a new wage deal to end a crippling three-day strike that has led to mass flight cancellations affecting over 300,000 passengers. However the pilots’ union Cockpit swiftly rejected the new offer. The airline said it had been forced to cancel more than 2,700 flights since the start of the walkout, ...

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Holiday price war heats up as Walmart, Target chase Amazon

  Bloomberg Wal-Mart Stores Inc., Target Corp. and other brick-and-mortar chains are counting on heavier discounts and a bigger online selection to help keep up with Amazon.com Inc. this holiday season. As Black Friday ushers in the year-end shopping rush, chains are touting larger price cuts than in 2015 — a gamble that maintaining market share is worth squeezing margins. ...

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Missing vintage rally pilot turns up in South Sudan

  Nairobi / AFP A maverick 72-year-old British pilot taking part in a vintage air rally turned up in South Sudan on Saturday after going missing for a second time when the event arrived in Kenya. Maurice Kirk is one of about a dozen pilots flying vintage biplanes across Africa, but has repeatedly run foul of organisers for failing to ...

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Airline workers enjoy good times amid doubt resurgence will last

  Bloomberg US airlines are posting record profits, awarding hefty pay raises and winning over longtime skeptics like Warren Buffett’s Berkshire Hathaway Inc. The missing ingredient: proof that the industry can weather a downturn. Previous airline booms were followed by busts that eventually forced all the biggest full-service airlines into bankruptcy. The difference this time is an eight-year era of ...

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