US subsidies

Wanted: A Resilience Czar for the US Government

Everyone knows the “black swans” – extreme and one-off events that are impossible to predict. Think of the assassination of Archduke Franz Ferdinand that started World War I or the stock market crash of 1987, which set a record for one-day price cuts. But what about the risks that surround …

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How Ford burned $ 12 billion in Brazil

SAO PAULO – A century ago, Henry Ford came to Brazil and established the city of Fordlandia, hoping to become an Amazonian rubber baron, but retreated into the red. Today, the automaker he founded is once again licking his Brazilian wounds, having abandoned production in the tough market after burning …

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