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Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences. ↗
I recently spent quite a bit of time in Sheffield, England, which is where I'm from. I wouldn't move back there, but it's funny when you spend a bit of time in the place where you were brought up. You kind of realize how that place has had quite a big effect on you or made you a certain way. ↗
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I was recently looking at what they can actually do to reduce consumption of petrol. It would be quite possible to build automobiles out of carbon fibre that would be just as strong, weigh 10 times less and consume 10 times less petrol. ↗
