kaliali

Bullet points from article:

Sichuan Trust last week apologised to investors for missing payments on its financial products due in part to the coronavirus outbreak and global economic downturn

The firms troubles indicate growing risks in the trust industry, which is often linked to China’s shadow banking system

Any additional links related to this story would be appreciated.

Damned if you do, damned if you don't. Might as well get $9 Billion to go with it.

Debt can be useful to quickly get capital to grow a business. The problem is that everyone is competing to grow their business faster and so the amount of debt steadily climbs faster and faster than being able to pay the interest. New businesses who gather debt in a more controlled way will look like they aren't growing as fast (if loans were the primary source of funding) and they are quickly left for the companies that grow fast. Luckily, VCs take responsibility with their investments and make it possible for a new business to not need to go into crazy amounts of debt.

Eventually, so much debt will be accumulated that companies will not be able to pay off the interest and the bubble pops. If everyone is always in debt, there will always be a periodic crash.

Why not have a site where people can openly comment and discuss individual research papers? This would make it more accessible to the public and increase the transparency in the research. You can have a mod that keeps the conversation on topic and in any case it's better than nothing.

I assume this a video by Sixty Symbols on the same subject https://www.youtube.com/watch?v=8k6dKfmOufI

Musk putting his fortune on the line and trying colonize Mars offers a win-win for everyone.

If people want to keep expanding as well as having more individual freedoms, we must get ourselves more room and resources.

If environmentalists want to keep planet Earth safe, having a place to send people and begin colonizing off-planet will in the long-term be best for Earth.

Lovelock is too close-minded in this case. Staying on Earth forever means the death of the human race and most likely the Earth's environment.

Too bad it's not homeless free.

Ok that makes more sense. The word sickness absence is a bit confusing.

Conclusion: "A routine (hot-to-) cold shower resulted in a statistical reduction of self-reported sickness absence but not illness days in adults without severe comorbidity."

So less people were sick but everyone still took just as many sick days. Hmm....

I would buy this for $200, not $350. I still use a Blackberry and look for phones like this but I won't pay $350 for it.

All I want is a phone I can call, text, and listen to audiobooks.