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Reports estimate that less than 6 percent of plastic in the United States is recycled, pointing to the impracticality of recycling on a large scale.

People may be putting plastic into recycling bins, but most of it generally ends up in landfills or incinerated.

Yet the demand for more plastic production continues—at a growing cost to human and environmental health—because of the belief that recycling offsets the associated waste and risks. A new report by the Center for Climate Integrity (CCI) alleges that the plastics industry knowingly caused the current plastic waste crisis.

The nonprofit’s report claims that as the plastics industry faced mounting concerns over plastics being incinerated and piling up in landfills, they promoted recycling as a viable solution while dismissing it internally as impractical.

“They knew since the 1970s that plastic recycling was not going to be scalable and effective in tackling the plastic waste crisis,” Melissa Valliant, communications director of Beyond Plastics, a nonprofit aiming to reduce single-use plastic use and production, explained to The Epoch Times.

The report asserts that the efforts to sell the false promise of plastic recycling were to avoid restrictive regulations and potential product bans.Plastic Recycling Poses Many Challenges

According to the report, one problem with plastic recycling is that it is not technically or economically feasible at scale. Unlike glass and metal, plastic cannot be repeatedly recycled without quickly degrading in quality. Most recyclable plastics can typically only be recycled once. As a result, most recycled plastic eventually ends up in landfills, even if it goes through an additional use cycle as another product.

Between the 1970s and 2015, 91 percent of plastic was either landfilled, burned, or leaked into the environment, according to a global analysis published in Science Advances. Another recent report published by Beyond Plastics estimated that less than 6 percent of plastic in the United States is successfully recycled.

…click on the above link to read the rest…

America’s Minsky Moment Approaches

March 30, 2024

America’s Minsky Moment Approaches

Commentary

Named after American economist Hyman Minsky, the idea behind a Minsky moment is that a financial markets crisis (especially in credit markets) is caused by a sudden and systemic collapse in asset prices, usually after a sustained period of speculative investment, excessive borrowing, and widespread financial risk taking. In other words, it’s the moment when the music stops playing, investors stop buying, and the Ponzi game ends abruptly. It’s a hard crash.

America may be on the brink of its Minsky moment.

This process, which moves from slowly, slowly, to suddenly and now, goes back decades.

The confrontation with reality that was required to put America’s economic house back in order after the global financial crisis of 2008–09 was deferred to a later date by politicians, central bankers, and government officials alike, presumably when they would no longer be around.

Instead of taking the painful but necessary steps of liquidation—i.e., allowing more over-levered and risk-heavy banks and financial firms to fail, and for the economy to take the short-term pain, then move on—the U.S. government and the Federal Reserve kicked the can down the road by massive money-supply expansion and unproductive government spending.

The same playbook from the financial crisis (i.e., money printing and fiscal excess) was used again in 2020 in response to the pandemic. As the monetary authorities had but one instrument in their toolbox—the blunt-force cudgel of money-supply growth—it was the go-to solution.

As the saying goes, when the only tool available is a hammer, every problem looks like a nail. In both instances—the financial crisis and COVID periods), the U.S. Congress went on a massive spending spree, not realizing (or, as political animals with short time horizons, not caring) that excess and repeated deficit spending, and the debt creation needed to fund it, would eventually spiral out of control and doom future generations.

…click on the above link to read the rest…

The Meltdown of Commercial Real Estate

March 29, 2024

The Meltdown of Commercial Real Estate

Commentary

In case you’ve still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of U.S. banks.

Leaving taxpayers on the hook for trillions in losses.

The note, by senior editor James Crombie, walks us through the festering hellscape that is commercial real estate.

To set the mood, a new study predicts that nearly half of downtown Pittsburgh office space could be vacant in four years. Major cities such as San Francisco are already sporting zombie-apocalypse downtowns, with abandoned office buildings baking in the sun.

So what happened?

The Fed’s yo-yo interest rates first flooded real estate with low rates and cheap money. Which were overbuilt.

Then came the lockdowns, which forced millions to figure out new workday patterns. People liked foregoing the long commute (not to mention the free money). Despite every effort, downtown businesses have not been able to get all workers back.

These days, everyone talks about hybrid models of working, some in-person and some remote. But judging from observation, remote is winning. In any case, even a 30 percent reduction in the footprint of office space once the leases are renewed could topple the entire sector.

The restaurant and retail sectors of downtown feel the pinch, with more closures all the time. Adding to the pressure are absurd levels of inflation and ever-riskier streets on matters of personal security. Put it all together and there is ever less reason to slog to the office.

When the Fed panic-hiked interest rates in the 2021 inflation, that put trillions of commercial real estate underwater even without other factors. Add to that crime, inflation, plus remote work, and you have a dangerous mix that could topple cities as we know them.

…click on the above link to read the rest of the article…

Dangerous Levels of Toxins Found in General Mills ‘LOADED’ Cereal: Report

March 24, 2024

Dangerous Levels of Toxins Found in General Mills ‘LOADED’ Cereal: Report

Testing results obtained by Moms Across America show toxic heavy metals, glyphosate, and pesticides in popular breakfast cereal.

A new report is raising concerns over General Mills’ new cereal line after testing revealed that Trix LOADED cereal is literally loaded with high levels of heavy metals and agrochemicals.

General Mills, Inc. on Feb. 1 launched “LOADED,” a new cereal line with “puffed-up larger-than-life squares” of General Mills’ Cinnamon Toast Crunch, Trix, and Cocoa Puffs cereals filled with artificially flavored vanilla creme. Trix LOADED boasts 17 grams of whole grain per serving and 12 vitamins and minerals. Yet testing by Moms Across America (MAA), an organization dedicated to educating and empowering others to create healthy communities, found the artificially flavored creme-filled breakfast food also contains measurable levels of aluminum, cadmium, arsenic, lead, glyphosate, and pesticides shown to be harmful to humans.

In a statement to The Epoch Times, MAA director Zen Honeycutt said her organization tested two samples of General Mills’ Trix LOADED cereal because they were alarmed that the company, which had previously seemed very committed to supporting regenerative organic agriculture, launched a cereal “loaded with creme, food dyes, and highly-processed foods.”Pesticides Found in General Mills’ Trix LOADED Cereal

In test results obtained by MAA, scientists found residues from eight different pesticides in both samples of Trix LOADED cereal.

The following six pesticide residues were found in trace amounts:

Imazalil-1
Metconazole-1
Pyraclostrobin-1
Pyrimethanil-1
Pyriproxyfen-1
Tebuconazole-1

Two pesticides, piperonyl butoxide-1 (PBO) and fluopyram-1, were detected in higher amounts. Fluopyram-1 is a broad-spectrum fungicide that can cause liver problems, endocrine disruption, and thyroid cancer.

Piperonyl butoxide (PBO) is a man-made pesticide synergist that enhances the potency of certain pesticides designed to kill insects. The Environmental Protection Agency (EPA) classifies PBO as a “possible human carcinogen” as studies in rats show PBO can induce thyroid and liver cancers, as well as noncancerous tumors.

…click on the above link to read the rest…

Scientists Discover Toxic Microplastics in Every Human Placenta Tested in Study

March 10, 2024

Scientists Discover Toxic Microplastics in Every Human Placenta Tested in Study

Such widespread microplastic prevalence in human tissue could explain the puzzling rise in colon cancer among younger people.

Harmful microplastics have been found in human placenta, with some of them known to trigger asthma, damage the liver, cause cancer, and impair reproductive function.

The peer-reviewed study, published in the Toxicological Sciences journal on Feb. 17, examined the issue of nano- and microplastic (NMP) pollution in human beings. Researchers found that all 62 tested placenta samples contained microplastics, with concentrations ranging from 6.5 to 790 micrograms per gram of tissue. The placenta is an organ that develops in the uterus during pregnancy. It provides oxygen and nutrients to the baby while also removing waste products from the child’s blood.

The most prevalent microplastic found in the samples was polyethylene, which accounted for 54 percent of all detected NMPs and was “consistently found in nearly all samples.”

Polyethylene has been associated with several health complications like asthma, hormone disruption impacting reproduction, and mild dermatitis or swelling and irritation of the skin.

Polyvinyl chloride (PVC) and nylon each represented approximately 10 percent of the NMPs by weight. PVC has been linked to damage to the liver and reproductive system. The substance is carcinogenic. While nylon itself is seen as harmless, the material undergoes chemical treatments during the manufacturing processes that can pose health risks.

The remaining 26 percent of microplastics found in the 62 tested placenta were represented by nine other polymers. Matthew Campen, Professor in the UNM Department of Pharmaceutical Sciences, who led the team that conducted the study, expressed concerns about the steadily rising presence of microplastics and its potential health implications.

While plastics themselves have traditionally been seen to be biologically inert, microplastics are so small they can cross cell membranes, he noted…

…click on the above link to read the rest…

‘Safe’ Food Additive May Have Consequences for Gut Microbiome

February 14, 2024

‘Safe’ Food Additive May Have Consequences for Gut Microbiome

The antimicrobial nisin used to keep foods safe from pathogens appears to be responsible for harming commensal gut microbes.

A naturally derived antibiotic that helps preserve food by killing any threatening pathogens has kept our food safe for decades.

The World Health Organization and even watchdog groups have classified this additive, called nisin, as safe. Nisin is a lantibiotic—a peptide-derived antimicrobial agent synthesized from its natural form—first discovered in 1928 and commonly used in products such as cheese, beer, processed meats, and dipping sauces.

Nisin is made when bovine milk or whey is fermented by strains of Lactococcus lactis that are concentrated and processed into small particles. In addition to being used as a food preservative, nisin can be found in beauty products, pharmaceuticals, and pet products.

However, new research raises concern about whether nisin could be harmful to the human gut microbiome—the community of bacteria, viruses, fungi, and other microorganisms that work symbiotically to help with body functions such as digestion and immune response.Potency of Lantibiotics

A study published in ACS Chemical Biology examined human gut bacteria genomes to identify those that resemble nisin. Researchers then produced six lantibiotics, including four new ones, and tested them on microbes. While the researchers found that these new candidates kill pathogenic bacteria, they also discovered that they have varying effects on commensal (favorable) microbes, too.

“Even though it might be very effective in preventing food contamination, it might also have a greater impact on our human gut microbes,” lead author Zhenrun “Jerry” Zhang, a postdoctoral scholar and director of the Duchossois Family Institute at the University of Chicago, said in a statement.

…click on the above link to read the rest…

Net-Zero Is Pulling the Plug on America’s Electrical ‘Life Support System,’ New Documentary Says

February 13, 2024

Net-Zero Is Pulling the Plug on America’s Electrical ‘Life Support System,’ New Documentary Says

‘We are seeing the grid’s reliability, resilience and affordability all declining,’ filmmaker Robert Bryce said.

Electricity is among the most essential sources of America’s unparalleled prosperity and productivity; it is also the greatest vulnerability.

The United States has become so utterly dependent upon an uninterrupted supply of affordable electricity that, as our grid becomes ever more fragile American society has become fragile along with it.

Former CIA director James Woolsey testified before the U.S. Senate in 2015 that, if America’s electric grid were to go down for an extended period, such as one year, “there are essentially two estimates on how many people would die from hunger, from starvation, from lack of water, and from social disruption.

“One estimate is that within a year or so, two-thirds of the United States population would die,” Mr. Woolsey said. “The other estimate is that within a year or so, 90 percent of the U.S. population would die.”

Chris Keefer, president of Canadians for Nuclear Energy, concurred.

“The energy grid is a civilizational life support system, and without it, modern society collapses very quickly,” he said.

Mr. Keefer is one of the experts featured in energy analyst, author, and documentarian Robert Bryce’s new film, “Juice: Power, Politics and the Grid.” This five-part docuseries looks at how and why America is now “fragilizing” and destabilizing the engineering marvel that is the central pillar of our society.

“We are seeing the grid’s reliability, resilience, and affordability all declining,” Mr. Bryce told The Epoch Times. “We wanted to get people and policy makers to understand that our most important energy network is being fragilized, and we ignore this danger at our peril,” Mr. Bryce said.

…click on the above link to read the rest…

After Court Victory for Freedom Convoy, Canadians Ready to Sue

February 10, 2024

After Court Victory for Freedom Convoy, Canadians Ready to Sue

Following a federal court ruling against the Canadian government for using the Emergencies Act during the trucker convoy, several plaintiffs plan to sue.

Several Freedom Convoy protesters, buoyed by a recent victory in Canadian federal court, said they’re preparing to sue the federal government, banks, and the police that brought the 2022 protest to a heated end.

“I think it’s the second phase to what took place with the federal court case,” military veteran and plaintiff Eddie Cornell said. “We’ve got a big hill to climb, but it’s something that’s necessary. It has to be done.”

On Jan. 23, Federal Court Justice Richard Mosley issued a ruling against the federal government’s invocation of the Emergencies Act in response to the protests and blockades that gridlocked Canada’s capital Ottawa for weeks.

The government’s use of the act did “not bear the hallmarks of reasonableness—justification, transparency and intelligibility—and was not justified in relation to the relevant factual and legal constraints that were required to be taken into consideration,” Justice Mosley wrote in his ruling.

Police veteran and plaintiff Vincent Gircys, whose bank account was frozen for more than a week under the Emergencies Act, said that while he was initially “very disappointed with our justice system—having worked in there for 32 years”—he’s pleased to see that “some level of justice is being restored.”

Alberta contractor Jeremiah Jost, who, alongside his wife, drove to Ottawa as part of the convoy, said he was “incredibly encouraged by Justice Mosley’s ruling and his courage to put his neck out.”

The ruling has likely given hope to Canadians who are upset with the country’s justice system, he said.

…click on the above link to read the rest…

Whistleblower Docs Expose Key Tactics of the Censorship Industrial Complex: Matt Taibbi

December 30, 2023

Whistleblower Docs Expose Key Tactics of the Censorship Industrial Complex: Matt Taibbi

The structures built to counter online activity of groups like Al-Qaeda and ISIS were turned inward against the domestic population.

Documents recently provided by a whistleblower reveal offensive tactics used by government and outside organizations to counter and preempt the spreading of undesirable information, said independent journalist Matt Taibbi.

Mr. Taibbi and journalists Michael Shellenberger and Alex Gutentag recently exposed a new set of documents from the Cyber Threat Intelligence League (CTIL), an “anti-disinformation” group that waged an aggressive information operation on the public.

The new documents, dubbed the “CTI files,” analyzed tactics used against foreign terrorist groups, such as Al-Qaeda and ISIS, that can now be applied domestically to prevent unwanted information from being published, Mr. Taibbi said in an interview for EpochTV’s “American Thought Leaders” program.

The CTI files referred to these tactics with the military term “left of boom action” and justified their usage by the danger posed by somebody like former President Donald Trump, the journalist said.

Mr. Taibbi previously investigated and disclosed some of the “Twitter Files” after tech billionaire Elon Musk acquired Twitter in October 2022 and allowed Mr. Taibbi and other designated journalists to query the company’s internal files.

The Twitter Files show how Twitter, a major social media platform for political speech, had been intertwined with the censorship industrial complex to suppress or remove under government pressure content on various subjects, including irregularities in the 2020 elections, mail-in voting issues, and various aspects of the COVID-19 pandemic.

The government censorship apparatus partnering with academia, nongovernmental organizations, and private research institutions is often called the “censorship industrial complex.”Preemptive Tactics

CTIL was supposed to be a volunteer organization with a goal to identify misinformation related to the COVID-19 pandemic, Mr. Taibbi said, but “in reality, you got under the hood—they were interested in basically any topic.”

…click on the above link to read the rest…

Britain’s Net-Zero Disaster and the Wind Power Scam

December 27, 2023

Britain’s Net-Zero Disaster and the Wind Power Scam

“This is not about complicated issues of cryptocurrency,” Assistant U.S. Attorney Nicolas Roos declared in the Sam Bankman-Fried trial, after accusing the defendant of building FTX on a “pyramid of deceit.” Much the same can be said about the foundations of Britain’s net-zero experiment. Energy is complicated, and electricity is essential to modern society and our quality of life, but as with FTX, the underlying story is straightforward: Wind power and net zero are built on a pyramid of deceit.

Net zero was sold to Parliament and the British people on claims that wind-power costs were low and falling. This was untrue: Wind-power costs are high and have been rising. In the net-zero version of “crypto will make you rich,” official analyses produced by the Treasury and the Office for Budget Responsibility rely on the falsehood that wind power is cheap, that net zero would have minimal costs, and that it could boost productivity and economic growth. None of these has any basis in reality.

The push for net zero began in 2019, when the UK’s Climate Change Committee produced a report urging the government to adopt the policy. Part of the justification was historic climate guilt. In the words of committee chair Lord Deben, Britain had been “one of the largest historical contributors to climate change.” But the key economic justification for raising Britain’s decarbonization from 80 percent to 100 percent by 2050—i.e., net zero—was “rapid cost reductions during mass deployment for key technologies,” notably in offshore wind. These illusory cost reductions, the committee claimed, “have made tighter emission reduction targets achievable at the same costs as previous looser targets.” It was green snake oil.

…click on the above link to read the rest…

The Censorship Began Earlier and Went Further Than We Thought

November 30, 2023

The Censorship Began Earlier and Went Further Than We Thought

There was some sense in the air in the spring of 2020 that many things were not quite normal. Here we had most governments in the world locking down their populations with extreme policies, wrecking economies and long-settled traditions of rights and liberties, while fake scientists took over the airwaves and blasted us daily and hourly with crazy messages of compliance.

It was a lonely time to be incredulous. Most of the people I would have thought would cry foul simply stopped talking. Most of what I saw on social media seemed all about conformity with the insanity. When someone would pop up to raise questions here and there, the account was shouted down brutally and socially punished for deviating from the narrative. This further discouraged people from objecting.

So on it went for months, and then got worse with the nutty masking practices and the vaccine. Suddenly every major voice from pop culture and the movies became a voice for the practice of medicine. These are people who would never recommend pharmaceuticals to people they don’t know. They are not professionals and are in no position to do so. But when the time came, they were all cocksure that getting the shot was the way to go for absolutely everyone.

One possible explanation of the unfolding frenzy was simply that society had gone mad. There is surely truth in that. History is replete with examples of such things, and I had studied them for years. We always believe that in our own times, we are too enlightened and informed for such things but apparently not. The same mad passions that led to the witch burnings, the red scares, and even the bonfire of the vanities are still with us, ready to be unleashed under the right conditions.

…click on the above link to read the rest…

Inside the UN Plan to Control Speech Online

November 30, 2023

Inside the UN Plan to Control Speech Online

The UN is escalating its war against ‘conspiracy theories’ and ‘misinformation’ by creating an ‘internet of trust.’

A powerful United Nations agency has unveiled a plan to regulate social media and online communication while clamping down on what it describes as “false information” and “conspiracy theories,” sparking alarm among free-speech advocates and top U.S. lawmakers.

The U.N. Educational, Scientific, and Cultural Organization (UNESCO) outlined a series of “concrete measures which must be implemented by all stakeholders: governments, regulatory authorities, civil society, and the platforms themselves.” in a 59-page report released this month.

The approach includes the imposition of global policies, through institutions such as governments and businesses, that seek to stop the spread of various forms of speech while promoting objectives such as “cultural diversity” and “gender equality.”

In particular, the U.N. agency aims to create an “Internet of Trust” through a focus on what it calls “misinformation,” “disinformation,” “hate speech,” and “conspiracy theories.”

Examples of expression flagged to be stopped or restricted include concerns about elections, public health measures, and advocacy that could constitute “incitement to discrimination.”

Facebook CEO Mark Zuckerberg testifies remotely during a Senate Judiciary Committee hearing on "Censorship, Suppression, and the 2020 Election," in Washington on Nov. 17, 2020. (Bill Clark-Pool/Getty Images) — Facebook CEO Mark Zuckerberg testifies remotely during a Senate Judiciary Committee hearing on “Censorship, Suppression, and the 2020 Election,” in Washington on Nov. 17, 2020. (Bill Clark-Pool/Getty Images)

Critics have warned that allegations of “disinformation” and “conspiracy theories” have increasingly been used by powerful forces in government and Big Tech to silence true information and even core political speech.

Just this month, the U.S. House Judiciary Committee released a report blasting the “pseudoscience of disinformation.”

Among other concerns, the committee found that this “pseudoscience” has been “weaponized” by what lawmakers refer to as the “Censorship Industrial Complex,” the goal of which is to silence constitutionally protected political speech, mostly by conservatives.

…click on the above link to read the rest…

JFK Assassination Doctors Break Silence, Dispute Key Government Claim

November 22, 2023

JFK Assassination Doctors Break Silence, Dispute Key Government Claim

Multiple doctors who were in the emergency room with President John F. Kennedy raised doubts about official narratives.

Several doctors who were in the emergency room when former President John F. Kennedy was assassinated in 1963 raised serious doubts about the official narrative that says a lone gunman was responsible, according to a new documentary featuring interviews conducted in 2013.

The federal Warren Commission established that two shots fired by lone gunman Lee Harvey Oswald, who was located in the sixth floor of the Texas School Book Depository, struck President Kennedy from behind as he was traveling in a motorcade in Dallas. One of the bullets entered his upper back and exited near his larynx, while the second bullet entered the right side of his head and exited via his forehead.

The former president was breathing when he entered Parkland Hospital before he was pronounced dead about a half an hour later. However, what seven doctors said in the recent footage disputes the commission’s claims about the event.

Jacquelynn Lueth, executive producer of “JFK: What the Doctors Saw,” interviewed the seven Parkland doctors for the documentary. She wrote for CBS News last week that the doctors’ “recollections were precise and clear, as if the intervening decades had melted away.”

“Each of them reacted strongly when the autopsy pictures were projected on a screen,” Ms. Lueth wrote. “They didn’t agree on everything, but it became obvious that the way the president looked at Parkland did not match the autopsy photos taken at Bethesda even before the official autopsy began.”

She added that the Parkland doctors “had no agenda other than trying to save the president’s life” but stipulated that those who witnessed the wound to the president’s neck “believed it was an entrance wound,” which would dispute the Warren Commission’s findings. “Several of them saw a gaping hole in the back of JFK’s head,” she said.…click on the above link to read the rest…

The Psychological Pain of Inflation

November 14, 2023

The Psychological Pain of Inflation

The Bureau of Labor Statistics (BLS) tomorrow morning will report its Consumer Price data from October. The Producer Price Index (PPI) appears the following day.

There will likely be no real surprise here: inflation will still be running hot around 3.7 percent, confirming what I and many have suspected. Inflation is overall accelerating over the declines earlier this year. That’s bad economic news because it further confirms lower living standards and continues to vex average people juggling multiple jobs, high interest payments on debt, and increased unaffordability of just about everything.

(Data: Federal Reserve Economic Data (FRED), St. Louis Fed; Chart: Jeffrey A. Tucker)

“Inflation has given us a few head fakes,” Fed chair Jerome Powell said at an International Monetary Conference over the weekend. He further swore that he would continue to use the power of the Fed to beat back this monster. But notice that he took no responsibility for inflation at all, despite the factual record showing that he enabled some $5 trillion in debt purchases from a spending-mad Congress, and soared the money stock in ways we’ve never seen.

This is the first time that I can recall the Fed chair having anthropomorphized inflation, as if it has a will of its own, has a head on its body, while using clever tricks to get around the defense front line, which of course is the Fed.

The line about “head fakes” pertains not to inanimate inflation but to the very human and oddly devious Fed itself. To understand Powell’s remark here fully requires a refresher lesson from Freud in what it means to project one’s failings on something else. It’s really childish—the young child blaming the monsters under the bed for the mess in his room—but it works due to the economic ignorance of the public.

…click on the above link to read the rest…

The Writing’s on the Great Wall for a China Crash

November 1, 2023

The Writing’s on the Great Wall for a China Crash

As the economy continues to implode, capital flight rises.

As the saying goes, if you want to know what’s really going on, follow the money. That catchphrase doesn’t just apply to foreign companies and investors backing out of China. It also applies to the Chinese economy.A No-Confidence Vote

In the midst of widespread economic duress and growing social disruption, following the money trail shows how Chinese investors are voting with their wallets. Consumer spending is down, and the savings rate is up. Capital is flowing out of China any way it can, and it all amounts to a definite no-confidence vote for Xi Jinping and the Chinese Communist Party (CCP).The CCP Tries to Hide the Facts

In true CCP fashion, the state puts the blame for its failed policies on those who point them out. Anyone who mentions the crumbling economy, for example, is guilty of endangering financial stability. Even though the CCP would consider prosecuting journalists and economists who report accurately about the falling employment numbers and the high debt levels that plague local governments, China’s worsening economic conditions are too dramatic and widespread to hide.

Of course, financial stability isn’t threatened by people talking about it. It’s the CCP that’s destroying the economy. Even recent history shows that the less involved the Party is in the economy, the better it performs.

The property market and the development sector are perfect examples, although not the only ones. Both continue to be heavily manipulated by the CCP, and both are hemorrhaging value, as financial ruin in flagship companies such as Evergrande and Country Garden contribute to deteriorating conditions in the wider economy. Completed projects that remain unsold are being demolished, work on existing projects is being halted, and other development plans are being canceled, even as the development companies owe billions to creditors.…click on the above link to read the rest…

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