News
Evergrande Default Adds to Market Jitters
After many close calls for the embattled Evergrande property developer, a failed interest payment earlier this week led Fitch Ratings to downgrade Evergrande’s credit rating to RD (restricted default) — on Thursday.
Primer on Universal Basic Income by Ray Dalio
UBI isn’t an especially new idea; even Thomas Paine was an advocate. The idea gained traction and elicited debate in late 1960s (especially during the Nixon administration), but never really gained a foothold.
Gold Correction Nearing its End
Gold bullion1 lost some ground in November, closing the month at $1,775, off $8.86 from October's finish of $1,784.
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