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- China: Secrets of a succession war – FT.com –
- Chinese Village’s Revolution Unlikely to Be Replicated – NYTimes.com –
- Critics Worry About Influence of Chinese Institutes on U.S. Campuses – NYTimes.com –
- For Food Delivery Workers, Speed, Tips and Fear on Wheels – NYTimes.com – Lin Dakang, a bicycle deliveryman who works for a Chinese restaurant on Manhattan’s Upper East Side, discusses his hectic life on the road, swerving taxis and good and bad tips.
- Low Rates for Savers Are Reason for Complaint – Fair Game – NYTimes.com – lots of talk about financial repression in china to benefit special interests. there should be more talk about financial repression in america to benefit special interests//
The Fed has been following this plan for more than three years now. Yes, we are seeing some improvements here and there. But the transfer of wealth from savers’ pockets has been immense. And with the price of gasoline and other goods going up, the vise is tightening.
“We are rapidly approaching a situation,” Mr. Todd said, “where Congress and the administration are unwilling to confront bankers on the need of thoroughgoing reform of everything involving household finance and credit reporting/credit scoring because it would cost the bankers money to do so.” The big banks, meanwhile, complain bitterly about regulation, but don’t mention how regulation might have helped mute the crisis.
“Our policy makers do need to think about what we are transferring to the banks,” Mr. Todd said. “Why is the public obligated to provide them with all those subsidies? Nobody will ask these questions.”
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