Increasingly, the real estate developers can't get bank loans for their project financing in China. They're now going into the Hong Kong market to raise money in the bond market at very, very high rates, as high as 15, 20 percent. ↗
Grades are almost completely relative, in effect ranking students relative to others in their class. Thus extra achievement by one student not only raises his position, but in effect lowers the position of others. ↗
Most of us, swimming against the tides of trouble the world knows nothing about, need only a bit of praise or encouragement - and we will make the goal. ↗
I was raised in the environment where it really wasn't about sittin' around dreaming all the time, it was about practicing and workin' really hard and if a dream ever came to you, you'd be prepared for that opportunity. ↗
I've raised my girls in a sort of genderless fashion. I mean, I'll take them to get their nails done - I actually love doing that - but I also play ball with them. As a result, my girls are tough and athletic and game for everything. ↗
So how does the machine work that you have a financial crisis? How does deleveraging work - what is the nature of that machine? And what is human nature, and how do you raise a community of people to run a business? ↗