For at least a generation the U.S. has propped up the global economy by absorbing the world's surplus of goods. That's not good for the U.S. or its trading partners.
Gambling as an engine of economic development turned out to be a bad wager, and the famed New Jersey city is paying the price.
Johnson Controls is the latest in a string of American companies that save millions in taxes by moving U.S. headquarters overseas, costing Americans jobs and eroding the nation’s corporate tax base.
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