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Matthew Desmond estimates that about 2.3 million evictions were filed in the U.S. in 2016 — a rate of four every minute. “Eviction isn’t just a condition of poverty; it’s a cause of poverty,” he says.

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“… it is a cruel jest to say to a bootless man that he ought to lift himself by his own bootstraps.”

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The town sign stands in the snow at the entrance to Davos, Switzerland, host to the 48th annual meeting of the World Economic Forum taking place this week. Donald Trump will be among the attendees.

The annual report is intended for the rich and powerful who gather in Davos to talk about world poverty. And it causes the Twittersphere to flare up.

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Hanna Barczyk for NPR

Across Twitter, people in the development community were outraged that so few women were named on the list.

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Much has been done to strengthen Europe’s banking system. But not enough

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A job half-finished

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European banks

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How—and why—to end the war in Yemen

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A job half-finished

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THE permanent revolution rumbles on. Ten years after the financial crisis, Europe’s bankers must wonder whether the regulatory upheaval will ever cease (see article). Next month two European Union directives start to bite. MiFID2 will make trading more transparent and oblige banks to charge clients separately for research; PSD2 will expose banks to more competition from technology companies, and each other, in everything from payment services to budgeting advice. A new accounting rule, IFRS 9, also kicks in, demanding timelier provisions for credit …

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Europe’s boom will not last; it had better make the most of it

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The second chance

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Free exchange

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How—and why—to end the war in Yemen

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“WHAT does not kill me makes me stronger,” wrote Nietzsche in “Götzen-Dämmerung”, or “Twilight of the Idols”. Alternatively, it leaves the body dangerously weakened, as did the illnesses that plagued the German philosopher all his life. The euro area survived a hellish decade, and is now enjoying an unlikely boom. The OECD, a club of mostly rich countries, reckons that the euro zone will have grown faster in 2017 than America, Britain or Japan. But, sadly, although the currency bloc has undoubtedly proven more resilient than many economists expected, it is only a little better equipped to survive its next recession than it was the previous one.
Europe’s crisis was brutal. …

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Douglas Irwin corrects the record of American trade policy over the years

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Sticking up for a scapegoat

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A history of trade

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A hated tax but a fair one

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Scapegoating trade

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Clashing over Commerce: A History of US Trade Policy. By Douglas Irwin. University of Chicago Press; 832 pages; $35.
TRADE-policy wonks are gluttons for punishment. In good times, their pet topic is dismissed as dull. In bad, they find trade being faulted for everything. As Donald Trump blames America’s economic woes on terrible trade deals, one geek is fighting back. In “Clashing over Commerce”, Douglas Irwin of Dartmouth College tells the history of American trade policy, showing that trade is neither dull nor deserving of the attacks on …

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