The internet was supposed to render geography irrelevant. But the corporations that dominate the internet have turned out to be remarkably concentrated, geographically speaking. In internet publishing and web search portals, a somewhat ungainly but very important North American Industry Classification System category, 58 percent of all US jobs in December could be found in just five counties, and more ...

So much for deleveraging. China’s biggest shadow lenders are back. On the surface, it may look like regulators have managed to shrink the role of trust companies, after a wide-ranging, mo-nths-long crackdown on China’s financial underbelly. Assets und-er management at these lightly regulated non-bank financial firms – a hybrid of private equity, asset management and lending – posted their first ...

Rare is the week that doesn’t bring some new controversy over someone or something being banned from Twitter or Facebook for being too offensive. As regular readers know, I prefer more speech to less speech, but this column isn’t about what content rules private companies should enforce. Today I’m wearing my fair-process hat. These mighty controversies over kicking users off ...