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Nigel Morris expresses alarm over the rapid growth of buy now, pay later (BNPL) services, particularly their use for essential purchases like groceries. With rising default rates and a lack of visibility into borrowers' total debt, he warns this trend could lead to broader financial instability.
The article discusses the potential economic risks associated with the rapid expansion of data centers, including their impact on energy consumption, infrastructure demands, and the overall economy. It emphasizes the need for careful planning and regulation to mitigate these risks while balancing technological advancement and sustainability.