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A.V. – Editor-in-Chief
“Innovation distinguishes between a leader and a follower.” – Steve JobsFACT OF THE DAY
$644.5 million: The amount Chinese actress Vicki Zhao aka “China’s Show Business Buffett” (after billionaire investor Warren Buffett) lost in China’s recent stock market crash.
Chinese stocks had fallen by a third in value in three weeks’ time, and it’s because tens of millions of Chinese citizens, encouraged on by their government, borrowed cash to invest in the market, inflating prices. Everything fell to shit because market dips pushed too many into selling and too few into buying.
Straight-up panic. The negative economic ripple was being felt throughout the rest of Asia and was predicted to affect the whole wide worrrrrld.
YOU SURE ABOUT THAT?
Tee hee, panic unnecessary. Chinese stocks are now rebounding — soaring in fact! — because of heavy Chinese government intervention.
Greece might not be 1,000,000% screwed after all.
According to the shade-throwing Associated Press, “Greece finally met a deadline that counted on Thursday.” The country’s government sent through a package of sweeping reform proposals to its creditors with more than an hour(!) to spare. Greece is now willing to increase sales tax rates and cut state spending in order to receive a 53.5 billion-euro ($59 billion) bailout.
Greece is especially hoping its given debt relief, although other Euro-zone countries, like Germany, have been resistant. However, the Germans are now willing to at least discuss “debt reprofiling or restructuring.”
PEOPLE DOING COOL SHIT
A Street Artist Fresh Out of Jail Made $200 Million
Viral clickbait site ViralNova has been acquired by digital media company Zealot Networks for a whopping $100 million. Who says people don’t like clickbait?! Read More.
BEFORE YOU LEAVE FOR WORK TODAY …
BEST TIP FOR AN EASIER SUMMER WORKOUT
It’s summertime and you’re ready for that summertime body. The only problem: working out in the heat can suck. Here’s the best tip on how to make working out in the heat easier:keep working out in the heat.How it Works: According to a study published in the European Journal of Applied Physiology (via Lifehacker), heat training increases bloodflow to your veins, which helps keep your skin cooler. However, like all good things, heat adaptation takes work. The U.S. Army training protocol recommends spending at least two hours in the heat each day, a part of which should be cardiovascular exercise. Also, remember: drink lots of water!
BAD NEWS FOR STARBUCKS LOVERS
Ready for your morning cup of Starbucks coffee? Well, make sure you’ve got a little extra money to add to the already high cost — the Seattle-based company has raised prices on many of their drinks by 1%. Now you’re awake, right?
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