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A line worker checks frames for imperfections at Nissan Motor Co's...

Breakingviews - Review: An economic paradigm for ordinary people

How was the American economy transformed from a broad engine of prosperity to favoring a rich elite? That’s the conundrum Nicholas Lemann explores in his new book. “Transaction Man: The Rise of the Deal and the Decline of the American Dream” shows how the post-1980 move from stable institutions to a deal-oriented economy benefited the wealthy and disempowered everyone else. Active interest groups and pluralism could redress the balance. So would smaller businesses and lower overheads.

FILE PHOTO: An employee of German car manufacturer Porsche works on a...

German manufacturing downturn drags into final quarter

German industrial orders fell unexpectedly in October as demand at home and from outside the euro zone weakened, suggesting a manufacturing downturn will continue to hold back growth in Europe's largest economy in the final quarter.

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