The resistance today by publishers to the onrushing digital future does not arise from fear of disruptive literacy, but from the understandable fear of their own obsolescence and the complexity of the digital transformation that awaits them, one in which much of their traditional infrastructure and perhaps they too will be redundant.
Oil will probably hit $100 a barrel, thanks to economic recovery and shrinking supply from refineries. There are also signs out there that the global economy is picking up, and that speaks to increasing energy demand.
China’s local governments are raising funds through investment vehicles to circumvent regulations that prevent them from borrowing directly. A crackdown on such loans, estimated at about $1.7 trillion at the end of 2009, could trigger a gigantic wave of bad debts as projects are left without funding.