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Bitcoin’s bulls should fear scarcity problem

In the eyes of many Bitcoin advocates, scarcity is a key advantage over more conventional assets. Unlike fiat money, which can be created from nothing on a bank’s balance sheet, or gold, which can be mined from the ground in quantities still far from being exhausted, the supply of Bitcoins was set from the start at 21 million. That means, ...

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Singapore virus success isn’t easily replicated

At the dawn of 2021, Singapore feels like a coiled spring where growth is just waiting to be unleashed. Last-minute dinner reservations are once again almost impossible to secure and the countless malls that dot the map are hopping on weekends. The Central Expressway, a core artery running north from downtown, is again prone to congestion. Children — mercifully — ...

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Trump’s last stand on election gives Pence a final loyalty test

Bloomberg President Donald Trump will make his last stand to overturn his election loss on Wednesday when Vice President Mike Pence presides over a congressional session to ratify November’s results, an event that threatens to strain the relationship between the two men. Trump’s refusal to concede and his obsession with overturning the will of voters means the ceremony poses a ...

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