Sunday, 19 April 2015
Last updated 12 hours ago
Apr 12 2010 | 1:40pm ET
China-bubble evangelist James Chanos took to the airwaves once again to proclaim that the booming Chinese economy is about to go bust.
With as much as 60% of its gross domestic product tied up with construction, the Kynikos Associates chief told PBS’ Charlie Rose that China is “on a treadmill to hell.”
“They can’t afford to get off this heroin of property development,” Chanos said. “It is the only thing keeping the economic growth numbers growing.”
Chanos, who first publicly predicted the coming Chinese crash in January, said the bubble could burst by the end of this year or next year.
Original Air Date: April 12, 2010
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…