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5% of all retail sales are online (and 11% are at gas stations …) (via Number of the Week: Five Cents of Every Retail Dollar Spent Online - Real Time Economics - WSJ)
The lottery economy (via Why Are Harvard Graduates in the Mailroom? - NYTimes.com)
Vicious cycle: no investments -> older asset base -> lower returns -> less cash flow available for investments … (via “No Continent For Young Assets” - Charting The Root Of Europe’s Problems: Record Old Asset Age)