Nov. 25 (Bloomberg) – British venture-capital investors in recent years have traded the leafy courtyards of Cambridge for the hipster coffee bars and converted warehouses of Shoreditch, a once-gritty East London neighborhood brimming with startups. Now, they’re dusting off their tweed blazers and train passes.
The showdown over the U.S. debt ceiling demonstrates a crucial failing of human beings: We are systematically incapable of understanding how precarious our existence, or the continuance of our currently familiar condition, really is.
Alan Joyce’s visit to the posh Wolgan Valley spa on a crisp day in May last year was no holiday. For the chief executive of Qantas Airways Ltd. the exclusive resort, in a wilderness west of Sydney once explored by Charles Darwin, was hostile territory.