Feb 3, 2016 07:52 PM
Donald Trump nominated for Nobel Peace Prize, following Stalin, Putin, and Bono
http://www.vox.com/2016/2/3/10904788/don...eace-prize
EXCERPT: Remarkable news emerged on Wednesday: Donald Trump has been nominated for a Nobel Peace Prize. [...] Trump's nomination letter said he should win the prize because of "his vigorous peace through strength ideology, used as a threat weapon of deterrence against radical Islam, ISIS, nuclear Iran and Communist China," a Nobel watcher told French media....
China's $7.6 billion Ponzi scam highlights growing online risks
http://newsdaily.com/2016/02/chinas-7-6-...ine-risks/
EXCERPT: [...] Ezubao collected 50 billion yuan ($7.6 billion) in less than two years from more than 900,000 investors through savvy marketing and the promise of big returns. But executives at Ezubao’s parent company, Yucheng Group, now say it was “a complete Ponzi scheme”,[...] The alleged scam underscores the risks in China’s fast growing and loosely regulated wealth management product industry, with many products peddled through online financial investment platforms and privately run exchanges. Products promising annual returns of up to 14 percent have drawn in investors at a time when savings rates are low and property is no longer a guaranteed get-rich-quick bet. A report on China’s stock market crash authored last year by former senior officials, including former central bank vice governor Wu Xiaoling, said Chinese retail investors are short-sighted, have a weak investment philosophy and a herd mentality.....
http://www.vox.com/2016/2/3/10904788/don...eace-prize
EXCERPT: Remarkable news emerged on Wednesday: Donald Trump has been nominated for a Nobel Peace Prize. [...] Trump's nomination letter said he should win the prize because of "his vigorous peace through strength ideology, used as a threat weapon of deterrence against radical Islam, ISIS, nuclear Iran and Communist China," a Nobel watcher told French media....
China's $7.6 billion Ponzi scam highlights growing online risks
http://newsdaily.com/2016/02/chinas-7-6-...ine-risks/
EXCERPT: [...] Ezubao collected 50 billion yuan ($7.6 billion) in less than two years from more than 900,000 investors through savvy marketing and the promise of big returns. But executives at Ezubao’s parent company, Yucheng Group, now say it was “a complete Ponzi scheme”,[...] The alleged scam underscores the risks in China’s fast growing and loosely regulated wealth management product industry, with many products peddled through online financial investment platforms and privately run exchanges. Products promising annual returns of up to 14 percent have drawn in investors at a time when savings rates are low and property is no longer a guaranteed get-rich-quick bet. A report on China’s stock market crash authored last year by former senior officials, including former central bank vice governor Wu Xiaoling, said Chinese retail investors are short-sighted, have a weak investment philosophy and a herd mentality.....
