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Bankers don’t care if bitcoin is a bubble, as long as there is money to be made
 

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The ‘collective madness [of committees] manifests itself in all sorts of ways’, writes Stephen Vines. Photo: Special credit to Nero Chan
A construction worker directs others as they walk past an artist's impression of the Central Business District under construction in Beijing. Last week’s succession of interest rises in several major developing economies suggest they are turning more hawkish., but the fact some emerging market central banks continue to cut rates when the Fed is lifting them shows just how far developing economies have come since the mid-1990s. (AP Photo/Ng Han Guan)
The city has many other advantages that make it attractive to international businesses, and it should make sure it retains them

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