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The race to avert disaster at China s biggest bad bank

BusinessWorld May 25, 2021 | 12:01 am IT WAS PAST 9 p.m. on Financial Street in Beijing by the time the figure inside Huarong Tower there picked up an inkbrush and, with practiced strokes, began to set characters to paper. Another trying workday was ending for Wang Zhanfeng, corporate chairman, Chinese Communist Party functionary — and, less happily, replacement for a man who very recently had been executed. On this April night, Mr. Wang was spotted unwinding as he often does in his office: practicing the art of Chinese calligraphy, a form that expresses the beauty of classical characters and, it is said, the nature of the person who writes them.

Links 5/22/2021 | naked capitalism

Republicans lose patience with Arizona election audit The Hill. The audit, ordered by a state Senate majority that has bought into former President Trump’s big lie about the results of the election he lost handily, is on hold until Monday. It has already dragged on well past the estimated time auditors said it would take to recount the county’s ballots. …. Even one of the Republicans who initially backed the audit has now changed his mind. In an interview Thursday, just blocks from the coliseum where the audit is scheduled to resume Monday, state Sen. Paul Boyer (R) told The Hill he believed the audit had become an albatross for his party.

La desigualdad y los desequilibrios amenazan la era poscovid

La desigualdad y los desequilibrios amenazan la era poscovid
lavanguardia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lavanguardia.com Daily Mail and Mail on Sunday newspapers.

How Inequality Distorts Economics | Dissent Magazine

How Inequality Distorts Economics | Dissent Magazine
dissentmagazine.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dissentmagazine.org Daily Mail and Mail on Sunday newspapers.

Links 5/12/2021 | naked capitalism

See yesterday’s Links and Antidote du Jour here. This entry was posted in Guest Post, Links on About Lambert Strether Readers, I have had a correspondent characterize my views as realistic cynical. Let me briefly explain them. I believe in universal programs that provide concrete material benefits, especially to the working class. Medicare for All is the prime example, but tuition-free college and a Post Office Bank also fall under this heading. So do a Jobs Guarantee and a Debt Jubilee. Clearly, neither liberal Democrats nor conservative Republicans can deliver on such programs, because the two are different flavors of neoliberalism (“Because markets”). I don’t much care about the “ism” that delivers the benefits, although whichever one does have to put common humanity first, as opposed to markets. Could be a second FDR saving capitalism, democratic socialism leashing and collaring it, or communism razing it. I don’t much care, as long as the benefits are delivered

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