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The Internet is to blame for economic inequality

TO THE question of who created today's economic inequality, there is now a new and intriguing answer: the Internet. It has apparently turned millions among us into workaholics, lugging around our laptops, ready at a moment's notice to tackle the latest digital chore. The trouble is that all this...

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Europe's drift towards recession a concern for all

WHILE almost everyone in Washington is glued to impeachment developments, Europe has been quietly drifting towards a recession. This is bad news for Christine Lagarde, the former head of the International Monetary Fund, who is now the president of the European Central Bank (ECB). It may also be...

COMMENTARY

Will Trump win the battle for public opinion?

IT increasingly seems that the fate of Donald Trump's presidency will be settled by that old political standby: public opinion. By all reports, Democrats have more than enough votes in the House of Representatives to impeach Mr Trump - that is, to indict him for "high crimes and misdemeanours"...

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Why Trump should be impeached, removed from office

NO ONE has worked more aggressively to trigger impeachment than the president. You may remember that, during the campaign, then-candidate Donald Trump suggested that, should he win, he might become one of the most "boring" presidents in history. There was in this curious pledge - which, as we...

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Trump's bid to control the Fed is appalling and misguided

IF ever there was a case of political miscalculation, it's the collapsing relationship between US President Donald Trump and the chairman of the Federal Reserve Board, Jerome ("Jay") Powell.

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'Negative' interest rates - what gives?

THE idea that interest rates could be "negative" seems so counterintuitive that it defies easy understanding. Yet, here we are. Some foreign central banks (among them, the European Central Bank and the central banks of Denmark and Sweden) have adopted them. No less a figure than former Federal...

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Has America lost its economic dynamism?

ON this Labour Day, the American economy - the source of jobs for almost all of us - is full of promise and peril. It is hard not to be impressed with its job-creation capacity. Since the low point of the 2007-09 Great Recession, payroll employment has increased by 21.7 million jobs, with strong...

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Learning from the Great Depression

WHAT is striking about the latest bouts of financial turmoil - the recent wild swings in global stock and bond markets - is that they provide a sobering reminder of the potential hazards of economic instability. There are parallels between the present tumultuous situation and past episodes of...