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For decades, there have been two financial systems in America. In one, hedge funds and family offices walk into a prime broker, pledge their equity portfolios, and trade against that value across every asset class — never selling a share, never interrupting their exposure, never handing the taxman a realized gain

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Megacities Are Booming

The number of people living in megacities has been growing significantly for decades, rising from 2.5 percent in 1950 to 16.4 percent of city dwellers...