Juggling Dynamite

How did Zhang Xin go from working in a sweatshop to being a billionaire real estate developer? Lesley Stahl reports. Here is a direct link.

This is another secular trend likely to continue as excessive debt levels are written off and down. Bloomberg Detroit bureau chief Jeff Green and Bloomberg Government senior economic analyst Nela Richardson discuss the city of Detroit facing a state takeover in ten days on a declaration of a financial emergency by Michigan Governor Rick Snyder. Here is a direct link.

This is a trend that is finally going in the right direction as the credit genie slowly gets squished back into the bottle. Chris Whalen of Carrington Investment Services LLC talks about the U.S. banking industry and economy. He speaks with Tom Keene and Scarlet Fu on Bloomberg Televison’s “Surveillance.” Bloomberg’s Dawn Kopecki also speaks. Here is a direct link.