on Jun 14th, 2013
Last weekend, around midnight on Saturday, on my way home, a hedgehog crossed the road to my house. Juiced up by the joys of springtime it apparently had decided to move from one field to the next, an endeavor to be undertaken in the midst of night which involved crossing a road where daytime traffic was too dangerous. Our little friend had picked a route heading towards a nearby streetlamp, but even so I only recognized it about a second before when it was lit by my car’s headlights. Yet, instead of freezing up, roll into a ball so to have its spines point outward in defense of some imminent danger,...
Hai Bo Wang
on Jun 13th, 2013
Ou Yang stayed in Simone’s house a very long time that Sunday. She made very clear her wronged feelings and righteous logic. She cried a few times as she talked about the sacrifice she had made for her little family, as though she had stooped to marrying Ge Wen. Simone didn’t understand how Ou Yang could act so shocked, like she had been the innocent party to which the harm was done.
Ou Yang somewhat changed this time. Her voice, though still coarse, became thinner, fragile with gusts of wailing. Her face was puffy from obvious weeping and her eyeliner had become pale black smears down her cheeks....
on Jun 12th, 2013
By its very definition, shadow banking is obscure, shrouded in secrecy, and difficult to discern. It is even harder to define shadow banking in China, where the official system is itself opaque and uncertain, an area where actual procedure is often diverges significantly from the rules. Shadow banking is usually a combination of financial instruments available on markets outside of the traditional banking system, but this does not mean that banks are not involved. They can carry out shadow banking operations, or even act as primary players, even though two principal differences are maintained. Safety...