Governments are splurging on handouts to avert catastropheThree decades ago, when women now entering their 40s became fertile, East Asian governments had reason to celebrate. If a South Korean woman behaved the same way as her older compatriots, she would emerge from her childbearing years with 1.7 offspring on average, down from 4.5 in 1970.
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At first glance, the world economy looks reassuringly resilient. America has boomed even as its trade war with China has escalated. Germany has withstood the loss of Russian gas supplies without suffering an economic disaster. War in the Middle East has brought no oil shock. Missile-firing Houthi rebels have barely touched the global flow of goods
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Delivered by comrade V.M.Molotov, Chairman of Council of People's Commissars and People's Commissar of Foreign Affairs, at Sitting of the Sixth Session of the Supreme Soviet of the USSR on March 29, 1940Comrades deputies
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