Bloomberg (December 2)
“If Sam Bankman-Fried isn’t lying, crypto is in trouble.” If “systematic incompetence” was the reason behind FTX’s implosion, “it’s perhaps more damaging to the industry’s ambitions than if its problems were caused by premeditating Madoff-like criminals who could be brought to justice.”
Tags: Ambitions, Criminals, Crypto, Damaging, FTX, Implosion, Incompetence, Lying, Madoff, Premeditating, Reason, SBF, Trouble
Sydney Morning Herald (August 10)
“There are 68 trusts in China with about $4.3 trillion of assets – property loans, shares, bonds and commodities – under management, with property accounting for at least $500 billion of the total.” The National Audit Office has been instructed “to inspect the books of the country’s biggest trust firms.” This shows “the increasing concern of the Chinese authorities that the implosion of their property development sector could ignite a wider financial crisis.”
Tags: $4.3 trillion, 68 trusts, Assets, Authorities, Bonds, China, Commodities, Concern, Implosion, Loans, National Audit Office, Property, Shares
Washington Post (September 17)
“Afghanistan is teetering between a political implosion that could ignite civil war in Kabul and a power-sharing deal that could give the country another chance for stability.” Official election results will soon be announced, but due to voting irregularities a “winner-takes-all approach” is unsustainable. “It is up to Mr. Abdullah and Mr. Ghani [the two candidates] to show that Afghanistan can have a future under moderate, pragmatic leaders who are able to compromise.”
Tags: Abdullah, Afghanistan, Civil war, Compromise, Election, Ghani, Implosion, Kabul, Leaders, Moderate, Power sharing, Pragmatic, Results, Stability, Voting
