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Prices related to travel, recreation and food saw particularly steep increases, stretching Americans' wallets as they celebrate the unofficial start of summer.
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Trump says Iran deal 'largely negotiated' including reopening Strait of Hormuz BBCTrump says Iran deal reopening Strait of Hormuz 'largely negotiated,' will be announced soon CNBCIran War Live Updates: Trump Says Peace Deal Is Near The New York TimesTrump says Iran ceasefire deal in final stages, to be ‘announced shortly' The Washington Post
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Nearly three months since the fighting began, disagreements remain over the fate of Iran's uranium stockpile and transit fees for the Strait of Hormuz.
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BESIDES brains, the only tools an economist used to need were a pen and notebook. But massive improvements in computing power have turned the dismal science into an increasingly empirical one. Research by Daniel Hamermesh at Royal Holloway, University of London, finds the share of economics papers in leading journals focused on pure theory fell from 58% in 1983 to 19% in 2011.
Three types of empirical papers have taken their place. The first sort feeds on publicly available data, such as household surveys. The second relies on data from experiments, such as randomised controlled trials. Most leading empirical papers, however, now rely on other data, often administrative and acquired through extensive negotiation with government officials. Analysis by The Economist of work from the National Bureau of Economic Research finds that at least 28 papers it released last year featured the use of administrative data. Before 2000 hardly any did (see...Continue reading
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