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Media ID: 55371123
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Photographer: Mark Wilson/getty images Via Bloomberg


When Economics Failed

When Economics Failed

When people come up to me and declare that economists are charlatans, they usually mention how economists failed to predict the Great Recession. This is true. No mainstream macroeconomic model of the day managed to anticipate that the largest, longest economic...
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File photo of traders at the Saudi Stock Exchange (Tadawul) in Riyadh. (Reuters)


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In this Tuesday, Sept. 3, 2013, file photo, traders work on the floor at the New York Stock Exchange in New York. (AP Photo/Seth Wenig)


Hopes of Syria breakthrough gives markets a lift

Hopes of Syria breakthrough gives markets a lift

London, Associated Press—Rising hopes that a US-led military strike on Syria may be avoided gave stocks a big lift Tuesday, as well as pushing oil prices lower for the second day running. Investors were cheered to hear that Syria has accepted Russia’s call for...
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The logo of HSBC bank is seen at its office in the Canary Wharf business district of London in this April 1, 2013 (REUTERS/Chris Helgren/Files)