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The Elusive Fix for China’s Budget Crisis

Across China, many local governments are on the brink of insolvency. Some cities have reduced pay for civil servants. Cuts to municipal health insurance have triggered street protests.Central government bailouts […]










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Will the Fed Keep Tightening as Banks Fail?

Quantitative tightening is supposed to be boring. That’s by design.It doesn’t demand attention like a bank failure, emergency government rescue, wildly fluctuating interest rates or uncomfortably high inflation.But it is […]




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By Adding Apartments, Malls Seek to Bring Shopping Closer to Home

The Westlake Shopping Center, which opened in the 1950s in Daly City, Calif., is one of the first modern malls in the country. Over the past seven decades, it has […]







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This Is What It Looks Like to Try to Count America’s Homeless Population

Jobs in the Delta are scarce, government services are limited and the nonprofit infrastructure is thin, Ms. Maharrey said. The burden of helping the desperate falls largely to churches, neighbors […]










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What’s Behind All Those Tech Layoffs? A New Economic Reality

“High rates are painful for almost everyone, but they are particularly painful for Silicon Valley,” said Kairong Xiao, an associate professor of finance at Columbia Business School. “I expect more […]