More free market evolution to help cut the cross-selling banking conglomerates back down where we need them: as well-capitalized, deposit holding and lending utilities.
It’s being called the financial technology, or fintech, revolution. Lesley Stahl meets some of the fintechies challenging the establishment, seeking to reinvent nearly every aspect of modern banking. Here is a direct video link
There is a common theme evident for those who wish to see reality: Pushing more debt onto heavily indebted borrowers = a bad debt epidemic, not economic growth. This is worldwide.
Chinese banks’ bad loans are at least nine times bigger than official numbers indicate, an “epidemic” that points to potential losses of more than $1 trillion, according to an assessment by brokerage CLSA Ltd.
Nonperforming loans stood at 15 percent to 19 percent of outstanding credit last year, Francis Cheung, the firm’s head of China and Hong Kong strategy, said in Hong Kong on Friday. That compares with the official 1.67 percent. Here is a direct video link.
Stratford Festival founder Tom Patterson, explains the inspiring humble story of how they got this now internationally acclaimed festival off the ground with a budget of $125. I love this story…it reminds us that success stories were everything but a sure thing in inception.
To honour William Shakespeare on the 400th anniversary of his death, the second program about the Stratford Shakespeare Festival. Hear stories from some of the actors who’ve made their mark there: Hume Cronyn, Maggie Smith, Colm Feore and Paul Gross. Here is a direct video link.
