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Jamesc

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In Topic: The (trade) war has started

Today, 02:57 PM

The big problem for China is not the trade wars although this isn't helping.

 

The real problem for China is millions of people bought a second and third home from bank borrowing for speculation.

 

More people own a second home in China than people who own a first home.

 

The people that own 3 homes or more is only slightly lower than people that own one home.

 

Companies that built millions of homes and shopping centres that they cannot sell or lease out will have a cash flow problem.

 

One of the biggest investment companies in China cannot afford to pay its debts and is asking its own employees to lend it money.

 

:D 

 

HONG KONG — Just before payday, an email went out to employees from top executives: Give us your money, and we’ll make it worth your while.

 

It was one of many pitches by HNA Group, a Chinese conglomerate struggling under an estimated $90 billion in debt accumulated during a global shopping spree that included buying stakes in multinationals like Hilton Hotels and Deutsche Bank.

 

The company, in an email, advertised an “employee treasure” product with an 8.5 percent return if workers handed over $1,500. A similar one dangled 9 percent. A third mentioned a return as high as 40 percent if employees ponied up $15,000.

 

These pitches, more than a dozen of which were reviewed by The New York Times, were not part of an employee stock program. Instead, they appear to be high interest loans, with the company as borrower and its workers as lenders.

 

 

HNA’s overtures to its employees come at a difficult time for many of China’s biggest dealmakers. The company is among a group of large Chinese firms chastened by the government for making splashy overseas purchases of hotels, movie theaters and film production companies. The resulting debt among the aggressive buyers got so big that Beijing saw it as a threat to the broader economy.

 

HNA is facing its own financial pressures. The conglomerate has seen its borrowing costs rise sharply on the global bond market in recent months, an indication that some investors are increasingly worried about the company’s ability to pay its debts. Seven public companies under the umbrella of HNA have suspended trading of their stock, suggesting that big announcements that could affect key businesses are in the works. The company is also starting to sell assets.


In Topic: [Upcoming] 2019 Hyundai Elantra (facelift)

Today, 11:00 AM

Hi, does anyone feel that the aircon is not cold enough?

I was previously driving a Mazda 2 and just recently changed to Avante, not sure if its because Mazda 2 is small hence easier for the aircon to cool the car. For Avante, i have to turn to min fan 2 speed and temp knob to just 2 to 3 "clicks" above the coldest temp

 

What colour was your Maz 2 and the Avante?

 

Both same colour?

 

:D  


In Topic: Liverpool Football Club - 2018/19 season YNWA

Today, 12:15 AM

Divock Origi was clocked as Liverpool's fastest player in the Premier League this season.

 

The Belgium striker outpaced the likes of Mohamed Salah and Sadio Mane with a top speed of 35.04km per hour.

 

Origi, who contributed some crucial goals to Liverpool's title challenge, was ranked eighth across the top-flight by Opta.

 

Salah was named in 11th place with Fulham's Timothy Fosu-Mensah, who was on loan from Manchester United, leading the way with a top speed of 35.32km per hour. Bizarrely, Salah found himself two places behind Fulham goalkeeper Sergio Rico.

 

Origi will enter the final year of his contract this summer but Liverpool are keen to reward his impact this season with a lucrative new deal.

 

Here's the top 10 fastest Premier League players of 2018/19:

 

10. Patrick Van Aanholt (Crystal Palace) Top Speed: 34.96 km/h

9. Sergio Rico (Fulham) Top Speed: 35.01 km/h

8. Divock Origi (Liverpool) Top Speed: 35.04 km/h

7. Felipe Anderson (West Ham United) Top Speed: 35.11 km/h

6. Gerard Deulofeu (Watford) Top Speed: 35.13 km/h

5. DeAndre Yedlin (Newcastle United) Top Speed: 35.17 km/h

4. Leroy Sane (Manchester City) Top Speed: 35.18 km/h

3. Ruben Vinagre (Wolverhampton Wanderers) Top Speed: 35.20 km/h

2. Kyle Walker (Manchester City) Top Speed: 35.27 km/h

1. Timothy Fosu-Mensah (Fulham) Top Speed: 35.32 km/h


In Topic: G vs nonG COE in this current climate

Yesterday, 11:57 PM


In Topic: HAPPY VESAK DAY!

Yesterday, 05:25 PM

Liverpool Football Club would like to say 'Happy Vesak' to all our Buddhist supporters celebrating today.

 

https://www.liverpoo...om-liverpool-fc