The carry-trade bubble is around the $500 billion dollar level and growing. The bigger it gets, the more danger, since there is no foreseeable way for it to deflate short of bursting.

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Here’s why China’s biggest metropolis has shanghaied its competitors.

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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.

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