Stories By 'Liz Alderman'
For three years, a windowless warehouse on the edge of town has been whirring with enough energy to power nearly 50,000 homes. Day and night, the warehouse, and dozens of cargo containers in a windswept valley, are generating Bitcoin, the cryptocurrency that has created a virtual gold rush in the former Soviet republic of Georgia.
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When Carlos Ghosn was arrested on his private jet in Japan last month on charges of violating the nation’s financial reporting laws, Nissan promptly removed him as its chairman. At the French automaker Renault, the management stuck by Ghosn, its chief executive and chairman.
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Few countries have been moving toward a cashless society as fast as Sweden. But cash is being squeezed out so quickly—with half the nation’s retailers predicting they will stop accepting bills before 2025—that the government is recalculating the societal costs of a cash-free future.
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