Presenting The Most Striking Way Chinese Are Evading Capital Controls

First it was over-invoicing 'exports' to friends in Hong Kong; then it was Bitcoin, most recently it was buying domain names, and now, the ever-industrious (and increasingly desperate) Chinese have found a new way to beat the government's quasi capital controls... by losing.

China Law Blog's Dan Harris explains how the Chinese are getting money out of China by losing in Arbitrations...

File this one under “just when I thought I had seen/heard everything.”

Ukraine Government In Meltdown

Ukraine have confirmed that an imminent collapse of its current coalition government is on the cards, amid a Parliamentary vote on whether to hold snap elections in the country.  Ukraine’s largest political party confirmed that they will vote whether the performance of Prime Minister Arseny Yatseniuk is “unsatisfactory” before arranging a general election. Theglobeandmail.com reports: If the government loses, lawmakers need 150 signatures in parliament to hold a no-confidence vote, which could lead to national elections if the coalition cannot agree on a new cabinet.

Police State: US Marshals Arrest Students For Failing To Pay Back Loans

US Marshals in Houston have begun arresting students who have failed to pay back their student loans.  Former student Paul Aker has confirmed that he was arrested last week in his home for failing to pay back a $1500 federal student loan he received in 1987. Fox26houston.com reports: He says seven deputy US Marshals showed up at his home with guns and took him to federal court where he had to sign a payment plan for the 29-year-old school loan. Congressman Gene Green says the federal government is now using private debt collectors to go after those who owe student loans.

Turkish Troops Open Fire On Russian Military In Syria

Turkey have open-fired on Kurdish YPG militia and Russian troops operating within the Syrian-Turkish border, as military tensions escalates between Russia and Turkey in Syria.  Turkey have asked the United States for military assistance in a ground operation as Russian troops advance closer to its borders. Thestar.com.my reports: A large-scale joint ground operation is still unlikely: Washington has ruled out a major offensive. But the request shows how swiftly a Russian-backed advance in recent weeks has transformed a conflict that has drawn in most regional and global powers.

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