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US defense spending is less than you think

Whenever I or someone else suggests that we need higher defense spending, there is an incredulous response from critics: US military spending equals the outlays of the next eight countries combined; how can we possibly be spending too little when we spend so much more than any conceivable adversary? The answer is that, while technically accurate, this argument is so ...

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Flying-car future looks like a dystopia

Flying cars! So futuristic! A world in which they’re buzzing around the skies must be dazzling – like a Popular Mechanics feature come to life! Well, yeah. About that. It seems increasingly likely that aerospace companies and startups are rushing to embrace a world of vertical take-off robotaxis. Just don’t be surprised if it looks a lot more like “Blade ...

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Singapore’s office market is buzzing

What’s not to like about Singapore’s office property market? Take a look at CapitaLand Commercial Trust’s 2018 results. Singapore’s biggest office landlord, owner of $7.4 billion of the city-state’s commercial buildings, finished the year with a record-high occupancy rate of 99.3 percent. To achieve this, the real-estate investment trust didn’t have to compromise on pricing, at least not too much. ...

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