Hank Paulson, former CEO of Goldman Sachs/Treasury Secretary and catalyst of the financial crisis, has a new book out! Fortunately, it’s not all about him making people poor, but he also shows how ridiculous and hilarious John McCain was/is. (you still got it in my book)
This is regarding Mr. McCain suspending his campaign during 2008 to “address the economy” which was in shambles. (more…)
The theme this time is SOVEREIGN DEBT. Remember those words for you will hear them NON STOP on ALL news networks from now till forever. You see, since the governments of all the world’s countries decided to save their economies by throwing money at things they were able to avert a grave economic depression but at the cost of large debts. So now everyone’s worried about countries defaulting on these debts. Basically, even if you don’t know anything about anything: SELL, SELL, SELL. Oh god, they almost had me there for a second. Let me know when the silly market commotion is over so I can come out of my bomb shelter. (more…)
China’s good at a lot of things. Polluting the planet, genetically breeding eternally pre-pubescent gymnasts, and questionably building massive shit in the name of economic growth. New South China Mall is one of those questionable things!
New South China Mall is the world’s second largest mall in the world measuring 7.1 million square feet (behind another one of those freakishly irresponsible buildings in Dubai), and has the most leasable area of any mall in the world with over 1,500 available spaces for stores. Only problem is most of those 1,500 spaces are still available. The mall is, for the most part, completely barren. It’s another of the many bastard children of an era built on frighteningly unshakable optimism towards real estate.
Click here for the ~14min PBS video. Highly recommended.
