Market Tumult Stings the New Bond King

Pacific Investment Management Co. investment chief Daniel Ivascyn is in a slump, hurt by a bet on housing bonds and investors flight to safety.For much of the past decade, Mr. Ivascyns Pimco Income Fund has posted stellar returns. Its surging popularity ma…
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Gibraltar rejects U.S. request to seize Iranian oil tanker

BEIRUT A U.S. attempt to seize an Iranian oil tanker was rejected by a Gibraltar court on Sunday, paving the way for the ship to resume its journey in the Mediterranean under the Iranian flag and with a new name. The Grace 1 supertanker, now renamed the Adr…
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Perspective | Facebook’s Libra cryptocurrency is part of a disturbing financial trend

In June, Facebook announced plans to effectively create its own currency, called Libra and eventually a financial system to go with it. Libra was, of course, cloaked in corporate-speak that promised lower costs and more freedom for consumers and businesses th…
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Perspective | How not to fix Silicon Valley

The technologists building our future dont lack for confidence. Silicon Valley brims with pride about what it can make and how it will transform everything. The tech sector hoovers up STEM graduates (science, technology, engineering and math), pays them bette…
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Perspective | The Hong Kong protests are the inevitable effect of an impossible system

One country, two systems. Those four simple words sounded like a good idea 40 years ago, when Chinas paramount leader, Deng Xiaoping, was meeting with visiting British dignitaries in Beijing, trying to chart a future for their last major colonial outpost in E…
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Perspective | The Kashmir crisis isn’t about territory. It’s about a Hindu victory over Islam.

For two weeks, Kashmir, Indias sole Muslim-majority state, has existed in a surreal state of nonexistence. Since a presidential decree abolished the state, revoked its autonomy and partitioned it into two federally administered territories, the Internet has b…
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