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Bubbles and buildings: time to be afraid | FT Long Short
"A Chinese company is setting out to build the world’s tallest building in Changsha, central China, aiming to go from start to finish in just three months. Aside from the impact of the amazing technique (assuming it works) on the construction industry, this might send a message to investors: get out of China now!"
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Paul Ryan wants to imbue partisan politics with the moral weight of the Cold War.
"You don't expect practical politicians engaged in a political campaign to deliberately call attention to what they have in common. But over the past two days I've watched a lot of totally made-up disagreements with the Obama administration. And Ryan's dark warnings of a centrally planned dystopia if people below the age of 66 enjoy the same kind of regulated subsidized health insurance that Ryan favors for people over the age of 66 just don't make sense."
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"To watch Condoleezza Rice, the face of George W. Bush’s foreign policy, stand before a convention of cheering Republicans and condemn Barack Obama for diminishing America’s standing in the world—one can only gasp at the magnitude of chutzpah in one woman. "
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