The newest technologies–computers, genetic engineering and the emerging field of nanotech–differ from the technologies that preceded them in a fundamental way. The telephone, the automobile, television and jet air travel accelerated for a while, transforming society along the way, but then settled into a manageable rate of change
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US hardens stance on Chinese currency
The Obama administration said on Thursday that it had “serious concerns” about the value of the renminbi, but stopped short of accusing China of manipulating its currency in a closely watched report to Congress. The Treasury toughened its language on China in its semi-annual report on exchange rate policies