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Countries’ debts are higher than ever—just as the bond market is signalling that the era of cheap government finance is over. If high long-term yields are here to stay (and there are reasons to think so), America’s annual interest payments could nearly triple by the end of the decade. Big borrowers are about to discover
just how painful
debt piles can be when interest rates can no longer be ignored.
If you speak a few languages, are comfortable on yachts and don’t mind ironing underwear, you might consider the demanding, but lucrative, career of nannying for the absurdly rich. Like many industries, the business of caring for the kids of the .001% was transformed by the pandemic.
Here’s how
the ultra-wealthy do child care. | 
