The curse of victory

Regardless of who wins this bitterly contested election, the victor will face the same basic, daunting, task: reconciling the vast promises that have been made, both in this campaign and earlier, with the government’s limited ability to meet those promises. It won’t be easy. You can blame Donald Trump, Hillary Clinton or both for this campaign’s guttural nature —the lies, ...

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The last, best hope for a good trade deal

  Both Hillary Clinton and Donald Trump say they oppose the Trans-Pacific Partnership, a trade deal among 12 countries. The second-place finisher in each party’s presidential primaries —Bernie Sanders and Ted Cruz —opposed it, too. These facts would seem to doom the Obama administration’s goal of getting Congress to approve the agreement between the election and the inauguration of the ...

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How US can punish Russia for meddling in its election

  Amid this divisive and miserable (and thankfully over) U.S. presidential campaign, one menacing subplot hasn’t received the kind of attention it deserves: the Russian government’s effort to disrupt the American political and electoral process. In July, hackers dumped a trove of stolen e-mails from the Democratic National Committee, leading its chairwoman to resign. A few weeks later, the personal ...

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Hatta plan will set a green precedent

  The AED1.3 billion Hatta development plan — launched on Monday — will change the face of that area, while preserving its rich heritage. There are essentially three primary targets of the project: economy and services, sports and tourism and culture and education. All these will catapult Hatta into a place where culture and recreation coexist. Hatta — located in ...

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India pushes UK to figure out an economic future

  It’s hardly surprising that Theresa May’s first bilateral summit outside Europe was with India’s Narendra Modi. Like almost everything else May has done since taking office, the visit has been all about Brexit. Nor is it surprising that May flies back to London disappointed and chastened. It was painfully visible on her trip that post-Brexit Britain still hasn’t learned ...

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Brexit starting to feel like a very British coup

  There’s a joke doing the rounds on Twitter: Brexit walks into a bar. “Why the long farce?” asks the barman. Unfortunately, it’s too close to the truth to be truly funny. Post-referendum Britain feels oddly different to the pre-plebisicite United Kingdom; less united, certainly, and also somewhat diminished as a kingdom. Less than five months after the surprise U.K. ...

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Why China’s leaders don’t understand Hong Kong fury

  Adam Minter Nobody would ever mistake the Chinese Communist Party for a fleet-footed, democratic organization responsive to public opinion. But over the decades it’s shown a capacity to recognize when political winds are shifting and has been willing to accept outside advice and solutions. That’s changing under President Xi Jinping. China’s leadership has grown increasingly isolated and distant from ...

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Chinese banks lose luster in Hong Kong as price gap shrinks

  Bloomberg A rally for Chinese banks listed in Hong Kong has cut their price gap to mainland shares in half — and that seems about as much as investors are willing to tolerate. In the five months through September, a gauge of the big four lenders’ Hong Kong shares jumped 15 percent as southbound cash poured into the stocks, ...

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BOC’s USA head sees cautionary tale in AgBank fine

  Bloomberg Bank of China’s (BOC) top official in New York said he’s boosting compliance efforts amid a US crackdown on illicit money moves that already led to a $215 million penalty against Agricultural Bank of China Ltd. “From the perspective of regulation, the U.S. is the toughest,” Xu Chen, chief executive officer and president of Bank of China’s New ...

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Credit Agricole profit jumps on trading

Bloomberg Credit Agricole SA, France’s third-largest bank, said quarterly profit doubled from a year earlier as it booked gains from a reorganization and bond-trading income surged. The lender also pledged a stable or rising dividend for next year. Net income climbed to 1.86 billion euros ($2.1 billion) in the third quarter, the bank said in a statement on Tuesday, in ...

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