Daron Acemoglu News
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Updated 1 hour, 58 minutes ago
When Turney Duff was a junior trader at the now-defunct hedge-fund company Galleon Group LLC, he was plied with dinners, free trips and cocaine by securities-fund salesmen.
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What books have high-profile readers been enjoying this year?
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On Feb. 10, Beijing will celebrate the Chinese New Year -- assuming the city can catch its breath. January may have been its worst month ever for air pollution. The level of airborne particulates was six times higher than the U.S. Environmental Protection Agency considers safe.
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“Why Nations Fail” by Daron Acemoglu and James Robinson is getting lavish praise. Mostly, the book deserves it.
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Sometimes tax seasons find their own movie. The movie for tax season 2012 is “The Hunger Games,” which came about just about the time most of us were opening the tax preparers’ kit.
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The labor market is healing faster for immigrants than for U.S.-born workers as the growing economy favors those at the low and high ends of the pay scale.
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A slight acceleration in Chinese economic growth at the end of last year is reinforcing the common narrative that China’s expansion is a threat to other nations, including the U.S.
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Jamie Dimon , chief executive officer of JPMorgan Chase & Co. , has harsh words for Fannie Mae and Freddie Mac. They are “the biggest disasters of all time,” Dimon told the Financial Crisis Inquiry Commission last fall, according to his just-released interview.
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Without a growing economy that creates more high-paying jobs, both President Barack Obama and congressional Republicans face the unpalatable prospect of much higher taxes or reductions to popular programs (or both). Growth is the best way to cut this Gordian knot.
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Everyone remembers how fast EBay, Facebook, YouTube and other websites that have changed our world grew.
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