Billionaire Mike Bloomberg tries on economic populism

In a Democratic Party where progressive populism has taken hold and several leading candidates like Sanders and Elizabeth Warren are railing against the concentration of wealth in the hands of a few billionaires, Bloomberg’s evolution is something of a political necessity. It’s also a way for Bloomberg to differentiate himself from President Trump, whose tax cuts have only served to heighten insecurities about rising income inequality. A new Pew Research Center survey found 61 percent of adult Americans feel there is “too much” inequality in the country. The concern was…

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How an African state learned to play the West off China for billions

Over the course of the last decade, Ethiopia has become increasingly dependent on Chinese investment. The Export-Import Bank of China put up $2.9 billion of the $3.4 billion railway project connecting Ethiopia to Djibouti, providing the landlocked country access to ports. Chinese funds were also instrumental in the construction of Ethiopia’s first six-lane highway — an $800 million project — the metro system, and several skyscrapers dotting Addis Ababa’s skyline. Beijing also accounts for nearly half of Ethiopia’s external debt and has lent at least $13.7 billion to Ethiopia between…

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With impeachment in rear view, Pelosi looks to next attack on Trump

For moderate Democrats in competitive districts— including those where Trump dominated in 2016 — the shift away from impeachment less than a week after the Senate acquitted the president is a welcome reprieve. “I’m glad that we’re shifting and pivoting to something else. Every time I poll in my area, it’s always the same thing: education, health care and the economy,” said Rep. Henry Cuellar of Texas, who is facing a fierce primary challenger from the left in his sprawling south Texas district. The centrist Democrat said he sees Pelosi’s…

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