The shares of Chinese developer giant Country Garden Holdings are experiencing a free fall. Since the beginning of this year, their price has plummeted by 63.6 percent. On Friday, they closed trading below one Hong Kong dollar for the first time, dropping more than six percent to a price of 0.98 (2.75 Czech koruna). Jang … Read more
The shares of Chinese developer giant Country Garden Holdings are experiencing a free fall. Since the beginning of this year, their price has plummeted by 63.6 percent. On Friday, they closed trading below one Hong Kong dollar for the first time, dropping more than six percent to a price of 0.98 (2.75 Czech koruna). Jang … Read more
The recent downgrade of the United States’ credit rating has brought to mind the mistakes of Dr. Chocholouk in the film “Jchyme, ho ho do stroje.” From Washington’s perspective, this is a regrettable oversight that occurs at most once every fifteen years. Or maybe twice? Now, it seems it might even be three times. A … Read more