Bank runs are bad. They're bad enough to bring down governments. There's been a slow-motion bank run in rural China for several months, and people are starting to get concerned that the "contagion" could spread.

In the anatomy of an economic crisis, a bank run is the point of no return.

Bank runs occur when people scramble to withdraw cash from banks in fear of collapse. In the worst cases, banks' liquid cash reserves are exhausted, not everyone gets their money and the bank defaults. ...

In recent years it has become clear the Chinese people are losing faith in their financial institutions. There's been anger over harsh COVID lockdowns in Shanghai recently, while the collapse of China Evergrande saw rare public demonstrations as residents faced the prospect of losing their life savings used as deposits for housing. ...

Multiple sources contacted by Asia Markets, have confirmed deposits at the following six banks have been frozen since mid-April.

• Yuzhou Xinminsheng Village Bank (located in Xuchang City, Henan Province)
• Zhecheng Huanghuai Bank (City of Shangqui, Henan Province)
• Shangcai Huimin Rural Bank (Zhumadian City, Henan Province)
• New Oriental Village Bank (City of Kaifeng, Henan Province)
• Huaihe River Village Bank (Bengbu City, Anhui Province)
• Yixian County Village Bank (Huangshan City, Anhui Province)

It's understood the banks with branches across the Henan and Anhui Provinces successively issued announcements in April, stating they would suspend online banking and mobile banking services due to a system upgrade.

At the same time, clients reported their electronic deposits in online accounts, mobile apps and third-party platforms could not be withdrawn.

This led to depositors rushing to local bank branches, only to be told they were unable to withdraw funds.

It looks like the bank failures are due to fraud and corruption -- bank managers simply stole the money. Hopefully this corruption isn't widespread and the problem can be contained.

The announcements should not be a surprise. Donald Trump said he'd do things differently this time. And yet they still prompt a double take.

Those are the types of questions Google set out to answer. In 2008, they began research into what makes a good manager, code-named Project Oxygen. They originally identified eight behaviors that were common among their highest performing managers, and began training all managers to develop those behaviors. Over time, Google saw a marked improvement in key metrics such as employee turnover, satisfaction, and performance.

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There can come days, however, when it all feels the same and very old.

That is when we steel ourselves and insist on being creative.

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Facebook and Walmart had one thing in common, they both built a product people loved. But their journey was different. Understanding how and why building startups is different from small businesses will help you make wiser business decisions. Here are the most important differences you need to know.

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(EMAILWIRE.COM, October 25, 2024 ) The global rock drilling equipment market is experiencing rapid growth, driven by the expansion of infrastructure projects worldwide. Major developments in emerging economies like India, China, and Brazil are fueling demand for advanced rock drilling machinery....

If you watch China, IL on [adult swim], the brainchild of cartoonist Brad Neely, it's a pretty sure bet that you love it, because it's pretty much all or nothing when it comes to this series about the worst college...

Our dear son Luke Everett was born on October 21, 2014 at 12:52 pm. He weighed 9 lbs and 8 oz and was 21.5 inches long. He has dark brown/black hair like Claire and Sims. His eyes are blue for now but I'm sure they will change. He is the sweetest little baby and we cannot imagine our lives without him now. He is so new but it's like he has always been with us.

Le haut responsable chinois, Li Xi, a rencontr� Phan Dinh Trac, membre du Bureau politique, secr�taire du secr�tariat et pr�sident de la Commission des affaires int�rieures du Comit� central du Parti communiste vietnamien (PCV), mardi � Beijing. ...

Le Premier ministre chinois Li Qiang a mis l'accent sur l'am�lioration de la capacit� globale de production agricole, ainsi que sur la pr�vention et la r�duction des catastrophes, afin de poser des bases solides pour assurer la s�curit� alimentaire....

La Chine promeut une ouverture de haut niveau du secteur financier et accueille les entreprises � capitaux �trangers pour approfondir la coop�ration mutuellement b�n�fique, a annonc� mardi � Beijing le vice-Premier ministre chinois He Lifeng. M....

L'agence de presse Xinhua a publi� en langue chinoise, anglaise, espagnole et portugaise un rapport intitul� "L'�veil du Sud global" � l'occasion du Forum des m�dias et des groupes de r�flexion du Sud global tenu ce lundi et mardi � Sao Paulo au...

Le Forum des m�dias et des groupes de r�flexion du Sud global s'est tenu lundi et mardi � Sao Paulo, et un rapport intitul� "Un nouveau mod�le pour le progr�s humain et son importance mondiale" a �t� diffus� � cette occasion. Il fournit une...

Le repr�sentant sp�cial du pr�sident chinois Xi Jinping, Ding Xuexiang, qui est �galement vice-Premier ministre de Chine, a appel� mardi � renforcer les syst�mes d'alerte pr�coce pour tous et � am�liorer les capacit�s d'adaptation au changement...

Le stand chinois a attir� un large public, en particulier de jeunes visiteurs d�sireux de d�couvrir la culture et la langue chinoises lors de la 27e �dition du Salon international du livre d'Alger (SILA), a constat� sur place Xinhua. Selon Liu...

Guid�e par la diplomatie des chefs d'Etat, la communaut� d'avenir partag� Chine-pays d'Am�rique latine et des Cara�bes b�n�ficiera de perspectives plus prometteuses durant la d�cennie � venir, a d�clar� mardi un porte-parole du minist�re chinois des...

Lors de l'Exposition internationale d'importation de la Chine (CIIE) de cette ann�e � Shanghai, Ghazaryan Koryun, conseiller commercial � l'Ambassade d'Arm�nie en Chine, a pr�sent� aux visiteurs, dans un chinois courant, les vins et fruits de grande...

La combinaison du vaisseau cargo Tianzhou-8 et d'une fus�e porteuse Longue Mache-7 Y9 a �t� verticalement transf�r�e mercredi vers la zone de lancement. Le vaisseau spatial sera lanc� � un moment opportun dans un proche avenir, selon l'Agence des...

Fu Cong, repr�sentant permanent de la Chine aupr�s des Nations Unies, a exhort� mardi Isra�l � lever les restrictions sur l'acc�s humanitaire � Gaza et � cesser d'utiliser l'aide humanitaire comme monnaie d'�change, alors que la situation...

L'arm�e chinoise a effectu� mercredi des patrouilles de pr�paration au combat dans les eaux territoriales et l'espace a�rien territorial de Huangyan Dao, �le chinoise en mer de Chine m�ridionale, ainsi que dans des zones avoisinantes. Le...

Un rapport conjoint intitul� "Un nouveau mod�le pour le progr�s humain et son importance mondiale" a �t� publi� lors du Forum des m�dias et des groupes de r�flexion du Sud global qui s'est tenu lundi � Sao Paulo, au Br�sil. R�dig� par des groupes...

Airbus a pr�vu que la Chine aurait besoin de plus de 9.500 nouveaux avions de transport de passagers et d'avions cargos au cours des deux prochaines d�cennies, en raison de la forte croissance de la demande de transport a�rien et de fret. Selon...

La partie continentale de la Chine a r�affirm� son engagement � promouvoir les �changes entre les jeunes � travers le d�troit de Taiwan et a demand� aux autorit�s du Parti d�mocrate progressiste (PDP) de lever les restrictions sur les voyages �...

Les consultations entre l'Association pour les relations entre les deux rives du d�troit de Taiwan (ARATS) et la Fondation pour les �changes entre les deux rives du d�troit de Taiwan (SEF) pourraient reprendre si les autorit�s de Taiwan...

La capacit� totale de production d'�nergie nucl�aire de la Chine, y compris les unit�s en fonctionnement, en construction et officiellement approuv�es, occupe la premi�re place mondiale, d'apr�s la Soci�t� de recherche �nerg�tique de Chine (China...

Aero Engine Corporation of China a annonc� mercredi qu'elle avait sign� des bons de commande et des contrats de coop�ration portant sur plus de 1.500 moteurs, pour une valeur totale de plus de 10 milliards de yuans (environ 1,39 milliard de...

Une porte-parole de la partie continentale de la Chine a qualifi� les r�sultats et la puissance de la partie continentale dans les domaines de l'aviation, de l'a�rospatiale et de la d�fense nationale de protection "solide et immense" pour les...

La Chine a promulgu� mercredi des politiques fiscales pour soutenir le d�veloppement stable et sain du march� de l'immobilier. Le minist�re des Finances a d�clar� que le pays augmenterait les incitations en termes de taxe sur les actes pour...

Le secteur chinois de la livraison express a enregistr� une expansion rapide en octobre, avec une acc�l�ration significative du taux de croissance des affaires, selon un indice de l'industrie publi� mercredi par le Bureau national des postes. ...

La Chine a continu� � accro�tre ses investissements dans la construction ferroviaire depuis le d�but de cette ann�e, d'apr�s des donn�es publi�es mercredi par l'op�rateur ferroviaire du pays. Durant la p�riode janvier-octobre, les investissements...

Chen Wenqing, haut responsable du Parti communiste chinois (PCC), a rencontr� Phan Dinh Trac, membre du Bureau politique et pr�sident de la Commission des affaires int�rieures du Comit� central du Parti communiste vietnamien (PCV), mardi � Beijing. ...

La Chine est pr�te � profiter de la 31e r�union des dirigeants �conomiques de l'APEC pour cr�er davantage d'opportunit�s pour les partenaires de l'Asie-Pacifique avec un d�veloppement de haute qualit� et une ouverture de haut niveau, a d�clar�...

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It was a late night last night of updating and
improving and in the process of doing that it got me
thinking . . .

An online business, and even more so an internet
network marketing business, can really get you
scratching your head sometimes.

We're conditioned to think in a linear fashion. Do
this and get that result is really how we think.

Work 40 hours a week and get paid for 40 hours of
work. It's how we grew up and for most of us it's
how we were conditioned to think about our results in
life.

When it comes to business this isn't always the case,
and really most of the time it's not the case.

Business is not a linear thing.

Just yesterday I was sitting at my computer
scratching my head.

4 people joined my business directly with me as their
sponsor in the last 2 days. Not something to
complain about, after all I am the king of never
calling a single lead and that's the way things work
most of the time in my business, but this time it was
a little different.

You see during that period I had absolutely no ads
running for my business and still 4 people joined
with me as their sponsor without me having to do a
thing, meanwhile my first year in the business all
I did was prospect and call leads and nothing happened.

Why is it so easy now?

Well, once you have passive traffic coming your way
good things happen and you don't have to do
anything additional actively for those good results.

But this can get people confused. I know it did for
me for a long time. Some days would be great with
little effort and some days would be not so great
with a Herculean effort.

What the heck right?

That's business for you. It's not linear. You set it
up and once you get all the pieces in place
sometimes the results flow like the mighty Amazon and
others well just one lead would keep you going.

This shift stunts most. They still want to think that
their efforts should correlate directly to their
results and when it doesn't it frustrated the heck of
them. The best advice is settle down, know your
conversion figures, and just keep on pushing.

Let me tell you . . .

If you have a great marketing system, you're doing
the right things for generating interest in your
business via your marketing system you're on the
right track despite what the results show.

They will exceed your expectations in the long run.

Think about your business like this. It's more like
having a boat tethered to port by several ropes
than going to the J.O.B.

You may spend a huge effort getting one rope off and
you've made progress, but there is still 8 more
ropes to go and nothings moving.

You've made positive progress and you know it, just
don't let money be the only marker of your success
in the beginning.

That will come.



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For years, I've been saying that I'm going to relaunch this blog and relaunch my website and frankly given life and work, it just hasn't happened. But my life is in major flux right now, and I'm trying out a...

Published at LXer: Reor is a private AI personal knowledge management tool. Think of it as a notes program on steroids. Each note is saved as a Markdown file to a �vault� directory on your machine....

A pékin aussi on s’apprête à fêter Noël comme il se doit… avec ou sans le sourire. Hesiem, Pékin (Chine)

Michael Jackson with Britney Spears legs! Oh my! It's the DNA slot machine, bet on mixing and matching celebrities DNA.

I blogged today about the imminent release of PHP Function Reference 1.0 (and it’s about time!). PHPfr has been stuck at version 0.9.6.2b for over a year now, but the project is fast approaching this important milestone. There are some great new features and it’s localized in English, German and Romanian so far, with more to come. Watch this space for the big announcement sometime (hopefully) in the next week!

The manga tech start up Orange Inc recently raised over 19 million USD in funding for machine translated manga. We were quite intrigued beca...

Discussion between Rocana dasa and Bir Krishna dasa Goswami on ISKCON North America.

Made for the Chinese new year of 2005, this animation of a flying dragon is accompanied by traditional chinese music. The dragon is believed to ward off evil spirits for the new year.

The 20th ALUMINIUM CHINA will take place from July 9-11, 2025, at the Shanghai New International Expo Centre (SNIEC). Organized by RX China, the event will feature over 600 diverse exhibitors showcasing the entire aluminium industry chain. With the theme "Aspirational·Limitless·Unique: 20 Years of Excellence," next year's exhibition will span over 60,000 square meters and expects to bring together [PR.com]

I've added clickable maps for a few of the neighborhoods. Each map shows the restaurants in that area. There are...

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Michael Prosser, a prominent figure in the study of intercultural communication, and distinguished professor of Shanghai International Studies University explains in this article that a major obstacle for Americans to learn about the real China, and the causes of the misunderstandings about China, is the lack of personal experience of the country.

In this 2005 shoot from Wired Pussy via Kink.com, Dana DeArmond is thoroughly ball-gagged and drooling down her chin: Elsewhere on Bondage Blog: Gagged And Drooling On His Cock Bondage Mouthsoaping Treasure Trove Mystery Hogtied Beauty Serena Ali, Bondage Beauty Bridle-Gagged Red-Head Jennings Mouth Gag And A Bit Of Drooling