A New Trend Emerges – Digital Gold "Gifting" Gains Popularity In China

Tencent’s digital gold packets, known as "microgold", are backed by the country’s biggest bank, Industrial and Commercial Bank of China (ICBC). They allow users to send funds that track the real-time value of gold to friends over the firm’s popular messaging platform WeChat.

Thursday Humor: Medicare Part G?

"If you are an older senior citizen and can no longer take care of yourself and need Long-Term Care, but the government says there is no Nursing Home care available for you, what do you do? You may opt for Medicare Part G."

5 Maps That Show China's Biggest Limitations

East Asia is the world’s most dynamic economic region. Strong countries surround bodies of water over which there is competition. These are some of the world’s most important sea lanes. Japan and China (in that order) are the region’s two most significant powers. But, the most powerful country in the Pacific, the US, is far away. Its Navy patrols and keeps freedom of movement across the Pacific. At the center of this power struggle is China. China’s struggle against its domestic and geographic constraints is the key to understanding the future of this region.

The "Retail Apocalypse" Is Officially Descending Upon America

“What’s going on is the customers don’t have the fucking money. That’s it. This isn’t rocket science.” Consumerism has long been a defining element of American society, but retail giants are now shutting down thousands of their locations amid a long-anticipated "retail apocalypse."

Valeant: The End Of The Michael Pearson Era

Valeant Pharmaceuticals International, the corporate poster-child for price-gouging, tax-inversion and hedge-fund manager wealth destruction quietly severed all ties with J. Michael Pearson, its former chief executive officer and longtime guiding light, in January according to its annual proxy statement filed this morning.

Revised GOP Health Plan Gets Terrible CBO Score: All The Negatives, Almost No Positives

CBO has scored the revised RyanCare plan (notably not with amendments that have likely been discussed today) and it is even worse... considerably less budget deficit reduction, the same number of uninsured, and similar effects on healthcare premium. We would imagine conservatives will throw up all over it as it has all the negatives of the original bill with less than half the positives.

100 Years Ago, Russian Stocks Had A Very Bad Day

Just as stocks had doubled after a trading pause lasting the duration of World War I, and the sky seemed the limit for Russian investors.... something very unpleasant happened.