Chinasaysithas testedanadvancedmissileinterceptionsystem, a move thatserves as a reminder of the rapidlyprogressingtechnologicalupgradeofitsmilitarycapabilities.
At the same time, says Mr Spence, the mix of jobs available to Americans in the tradable sector (including manufacturing) that serves global markets is shifting rapidly, with a growing share of the positions suitable only for skilled and educated people.
For Square, the benefits are somewhat obvious: Backing by a company like Visa lends legitimacy to the rapidly growing venture and also serves to allay some of the security flaw allegations that have been lobbed at Square.