Bank
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Economy
The Way Big Banks Shut Down Customer Accounts Is Callous. Let’s Fix It.
When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be…
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Economy
A Look Back at the Top Business Stories of 2023
Regional bank failures and the conviction of Sam Bankman-Fried were among the big news events this year.
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World
The Year in Apple Watches, A.I., Anarcho-Capitalists and Anticapitalists
We covered a lot of ground together in 2023. In this issue of the newsletter I’ll update you on some…
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Economy
The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the…
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World
European Central Bank Leaves Rates Unchanged as Price Pressures Ease
Although the inflation rate has fallen to 2.4 percent, the bank said economic growth was expected to remain “subdued” in…
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World
Skepticism of Digital Currency Needs to Be Taken Seriously
The world’s central banks are moving briskly, and it would seem inexorably, toward introducing digital forms of cash. But I…
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World
Trump Will Not Testify as Scheduled in Civil Fraud Trial
Donald J. Trump has changed his mind about returning to the witness stand on Monday to testify in his own…
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World
Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.
Affluent Chinese have moved hundreds of billions of dollars out of the country this year, seizing on the end of…
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Economy
Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal
Bella Cummins has run Bella’s Hacienda Ranch, her Nevada brothel, for nearly four decades — and for four decades, she’s…
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Economy
Russia’s Central Bank Raises Rates to 15 Percent to Curb Inflation
The jump, from 13 percent, would bring a long period of “tight monetary conditions” in order to ease price pressures,…