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Another Major Chinese Property Developer Is In Trouble – HotAir

First it was Evergrande, then it was Country Garden, now China’s #2 property developer by sales volume is in trouble. On Monday, Vanke’s was downgraded to junk status by Moody’s. Moody’s said on Monday it withdrew Vanke’s ‘Baa3’ rating which is the lowest of Moody’s investment grade ratings, and assigned ‘Ba1’ corporate family rating (CFR). […]

Florida’s Strange Ban on Heat Protection for Workers – HotAir

There is a bit of controversy swirling around the latest legislative efforts in Florida regarding government regulation of workforce safety practices. The state Senate voted along party lines Tuesday to pass legislation prohibiting local, municipal, and county governments from mandating workplace heat standards that exceed those set by federal law. Examples would include mandatory water […]