Obama Rejects Keystone Pipeline in Win for Environmentalists
President Barack Obama rejected TransCanada Corp.'' s bid to develop the Keystone XL pipeline, ending seven years of dispute over an infrastructure task that swelled into one of the most controversial environmental problems of his presidency. A lengthy …
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China'' s Financial Repression Returns Amidst Rebalancing Threat
China'' s savers now effectively pay to keep cash in the bank, a hit that weakens the Communist leadership'' s campaign to enhance the function of customer spending. Households, whose conserving options have actually been limited by a roller-coaster stock market …
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The Devil'' s in the Financial obligation Practically any economics or financing book will describe how banks take money from savers and lend it to borrowers, designating money amongst investment alternatives. This is alarmingly fictitious since banks don'' t lend out existing cash. They create credit …
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