updated
How old-school factories stay alive in China’s south
May 22, 2016 by publisher · Leave a Comment
Squeezed by high costs and unpredictable demand, some factories in southern China's manufacturing heartland are turning to a new strategy to survive: hiring workers by the day. It is a far cry from Beijing's vision of a slick, hi-tech manufacturing future of computers and chip makers: on a warm morning in the southern town of Shiling, dozens of workers gather on a city street to haggle for a day of work making bags for $20 …
Read more here:
How old-school factories stay alive in China’s south
updated
Creditors of Puerto Rico government bank revive lawsuit over debt moratorium
May 22, 2016 by creative · Leave a Comment
By Nick Brown SAN JUAN (Reuters) – Hedge funds who own debt at Puerto Rico's Government Development Bank are accusing the bank and the island's governor of giving preferential treatment to local creditors under a law designed to restructure GDB's debt, signaling a breakdown in a tentative restructuring deal the sides reached earlier this month. A bondholder group that includes hedge funds Brigade, Claren Road and Fir Tree updated an existing lawsuit against the bank and Governor Alejandro Garcia Padilla late Friday…
Read the original here:
Creditors of Puerto Rico government bank revive lawsuit over debt moratorium