This weeks sign of the Apocalypse.


The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally, three people familiar with the matter said.
 
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Yeah. They're still reeling over the real estate bust. All they need is for there to be a run of people bailing out of other stocks and it will be the express elevator straight to hell.

I'm still amazed it hasn't happened here yet. It's staggering to me the level of debt people are carrying and NOT paying on and they're still being given more and more credit.
 
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Well, if you were stupid enough to buy creative cloud to begin with, you sort of deserve what happened to you. It says in the agreement that it is subject to change with or without notice at any time.

It's not the same as buying the actual software. You still own that license.

The difference is sort of like paying for web hosting vs. owning your own server.
 
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The company said it had more than $1 billion in debt and less than $30 million in cash on hand. It plans to sell its business to its lenders, and in turn, it will receive financing to stay afloat. It expects to continue to close restaurants in the meantime.....

Red Lobster, known for its cheddar bay biscuits, crab legs and shrimp dishes, spread around the country during the 1980s and 1990s. In 2016, Beyoncé mentioned Red Lobster in her song “Formation,” describing bringing a romantic partner to Red Lobster, causing sales to surge.

With 578 restaurants across 44 states and Canada, Red Lobster serves 64 million customers a year, and it brings in $2 billion in annual sales, the company said in its bankruptcy filing. One in five lobster tails purchased in North America is bought by Red Lobster.