
On January 1, 1994, China devalued its currency by 50% in a single day, and since then has experienced a manufacturing boom …in modern times there never has been free trade with China; the US has already been in a trade war for nearly two decades; and it is the only time in this nation’s history it surrendered without ever firing a shot. The United States lost six million jobs, indebted itself to China by $1.4 trillion, and received in return a host of consumer goods, many of which now reside in landfills across the country. -Paul Tudor Jones
Now that the year is about to turn, the parents of LIC will be starting a whole new round of birthdays for their kids. In return for cake, pin-the-tail-on-the-donkey, and meet n’ greets with Eli Manning and Beyonce; young guests (or their custodians/handmaidens) are expected to bring a gift for the birthday child. While this is a time-honored tradition, I couldn’t help but wonder, having witnessed this orgiastic display firsthand(as a journalist), if maybe it hasn’t become a bit of an anachronism in the 21st century? [Read more…] about “NO GIFTS PLEASE”




