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China Sentences Evergrande Founder To Life In Prison
China Sentences Evergrande Founder To Life In Prison
Five years after Chinese property development firm Evergrande Group collapsed under the weight of enormous debt, founder Xu Jiayin was sentenced to life in prison on Thursday.
Xu Jiayin, also known as Hui Ka Yan, founder of property developer Evergrande, appears for sentencing at the Shenzhen Intermediate People's Court in Shenzhen, China, on Aug. 20, 2026. Shenzhen Intermediate People's Court /Xinhua via AP
Xu (Hui Ka Yan in Cantonese), 64, pleaded guilty in April to fundraising fraud, illegally taking public deposits, illegally extending loans, bribery, fraudulently...
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Jun 12, 2026 / Tyler Durden
Welfare-Warfare State Reform Is Not Freedom
Welfare-Warfare State Reform Is Not Freedom
Authored by Jacob Hornberger via The Future of Freedom Foundation,
The libertarian movement can be divided into two basic groups: libertarians who call for reforming welfare-warfare state programs and libertarians who call for dismantling welfare-warfare state programs.
I fall within the latter group. Why? Because I want to be free. Reform doesn’t get me freedom. At best it gets me a better serfdom. That’s nice, but it’s not want I want for the rest of my life. I want to be free, and only by dismantling...
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May 4, 2026 / Dave DeCamp
Russia and Ukraine Declare Ceasefires That Will Begin on Different Days
Russia said on Monday that it would observe a ceasefire with Ukraine on May 8 and May 9 to observe Victory Day, when Russia celebrates the Soviet Union’s victory against Nazi Germany in World War II, but it’s unclear if the truce will hold, as Ukrainian President Volodymyr Zelensky responded by declaring a ceasefire that […]
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Aug 29, 2026 / Tyler Durden
'Chexit': Global Asset Managers Are Fleeing China
'Chexit': Global Asset Managers Are Fleeing China
Authored by Anders Corr via The Epoch Times,
Fidelity International (FIL) is reportedly the latest fund manager to plan a pullout from its China fund. FIL launched a wholly-owned subsidiary in Shanghai three years ago, but a lack of demand from retail investors led to disappointing growth.
Reuters first reported the story. According to its sources, "A combination of fierce local competition, frequent leadership turnover and chronic struggles to build scale ultimately convinced global FIL executives that the China retail venture was untenable."
FIL has $1.18...
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