China’s Coming Default

Last June I pointed to four unfortunate facts in the Chinese economy.

1. Overall credit had increased to $23 trillion dollars, up from $9 trillion as recently as 2008.
2. This amount of credit was over 200 percent of GDP, an increase of 75 percentage points in just five years. (By comparison over the same period the United States’ ratio of debt-to-GDP increased by 40 percentage points.
3. The credit rating agency Fitch had downgraded the Chinese government’s debt to AA-.

Who Is Jane Bussman--and Can She Save Africa

Jane Bussman is a British comedienne who moved to Los Angeles in the late 1990s. She wrote for a number of TV shows, including South Park, for a while. She then drifted into celebrity journalism interviewing the likes of Anna Nicole Smith, Britney Spears, and Aston Kutcher. She eventually chucked it all and sought to cleanse her soul by traveling to Africa to “find a country that had a really bad problem with genocide and just help out.” And this is where her story stops short of dreary cliche and gets really interesting.