China Is Prepared for Rough Economy Ahead, Li Says
Bloomberg Businessweek
The government will "squarely face the difficulties and challenges" of China’s weakening economy, Li said.
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China is shaking, sending ripples from Perth to Peru
georgemagnus.com
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China Bond Risk Exceeds Ireland as Defaults Unavoidable
Bloomberg
China’s default risk has risen beyond that of Ireland, having been on par with France and Japan a year ago, as Premier Li Keqiang said financial leverage is making the economy’s outlook more complex.
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Is the PBOC driving up the euro?
Financial Times
China’s central bank engineered an abrupt end to the carry trade in the renminbi last month. Could it also be helping to drive up the ever-appreciating euro?
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Falling Bond Yields in Euro Zone Point to Deflation, Not QE
Wall Street Journal
Yields on euro zone sovereign debt continue to drop.
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Blackstone’s Home Buying Binge Ends as Prices Surge: Mortgages
Bloomberg
Blackstone Group LP is slowing its purchases of houses to rent amid soaring prices after a buying binge made it the biggest U.S. single-family home landlord.
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Half of U.S. Business Schools Might Be Gone by 2020
Bloomberg Businessweek
Online degrees from top schools seen disrupting second tier brick-and-mortar schools.
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303 Deaths Seen in G.M. Cars With Failed Air Bags
New York Times
A safety watchdog says an accident trend went unnoticed by regulators before the recall of two models last month.
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Silicon Valley is turning our lives into an asset class
Financial Times
In the past few decades, Wall Street has made finance a central feature of both the global economy and of our everyday lives – a process often described as “financialisation”. Silicon Valley, almost contemporaneously, has done the same for digital media technologies. That process, too, has a fancy name: “mediatisation”.
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U.S. Says One Thing, Does Another on Mortgage Fraud, Watchdog Says
New York Times
The Justice Department has repeatedly and significantly overstated its efforts to prosecute mortgage fraud, an internal watchdog said on Thursday in a report that cited the department’s “disturbing” inability to verify its information.
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Bill Gates: People Don’t Realize How Many Jobs Will Soon Be Replaced By Software Bots
Business Insider
Bill Gates believes that within 20 years a lot of jobs will be replaced by software.
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Bill Gates: The Rolling Stone Interview
Rolling Stone
The richest man in the world explains how to save the planet.
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Why did the stock market sell off today?
The Reformed Broker
Wall Street Journal: Tensions in Ukraine and the Crimean peninsula; Yahoo Finance: Russians; Fox Business: Obamacare; CNBC: It didn’t sell off at all, it was actually a reverse rally.
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