The markets are mercurial but their tone has thoroughly changed — from the sky-is-the-limit bullishness that dominated only a month ago to a mood of heightened uncertainty and measured self-restraint. Big shifts have taken place this month. Bonds have taken a beating but are becoming increasingly attractive. Stocks are no longer rocketing straight to the […]
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On Himalayan Hillsides Grows Japan’s Cold, Hard Cash
The views are spectacular in this corner of eastern Nepal, between the world’s highest mountains and the tea estates of India’s Darjeeling district, where rare orchids grow and red pandas play on the lush hillsides. But life can be tough. Wild animals destroyed the corn and potato crops of Pasang Sherpa, a farmer born near […]
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