Accepted back to Insider Weekly! I’m Matt Turner, the editor in chief of business at Insider.
What does the peril faade the Chinese megadeveloper Evergrande mean for the rest of the world?
Insider columnist Linette Lopez looked to spell that out in a brand-new analysis, bringing together her years of experience covering the Chinese economy with her trademark voice. As she explained, the Evergrande theatrics is part of a bigger story.
“Beijing is walking an economic high-wire act, trying to replace its economic model with something unrevealed,” she wrote in her analysis. Read on for a Q&A with Linette on what’s going on in China and why it matters.
Also in this week’s newsletter:
Let me cognizant of what you think of all our stories at mturner@insider.com.
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China’s economy may collapse — and bring the world down with it
Mark Schiefelbein-Pool/Getty Replicas; Samantha Lee/Insider
Here’s a chat with Linette Lopez about her explosive analysis on China’s economy and what it means for the quiet of the world:
What prompted you to write this piece?
Every few years, the Chinese property market starts indulging rumbling noises like it’s going to blow. But every time that happens, the Chinese government steps in with a envision to keep the market moving and kicks the can down the road. This time, though, the Chinese government is letting the most obliged of these companies sweat it out. If they don’t lay out something soon, we’ll see more convulsions in markets across the globe.
What’s the biggest concerns b circumstances you hope readers take away from your analysis?
There is so much noise in the world and in the economy straightaway now that I think it’s hard for people to tell what’s important. I want readers to know that China’s changing, taciturn, slowing economy is here to stay. Beijing is prepping the Chinese people for it politically. This is going to be a huge associate oneself with of what the global economy is going to look like when the dust settles, and it means slower growth for the planet.
Why is this point so important right now?
The United States and China sometimes seem destined for conflict, cold or hot. The only way we’ll avoid something partiality that is through clear communication between nations and a clear-eyed understanding of each other’s capabilities. For years, we’ve understood academics talk about China’s growing power and what that could mean for the world, but looking at the profitable and demographic data, we need to consider that we may have reached peak China already. If that is the case, what is occasion to China (and the region) will become a story none of us can escape.
Read the full story here: If China’s concision keeps stumbling, it won’t just take down Beijing — the whole world will collapse with it
Lambda Teach may not be what it seems
Marianne Ayala/Insider
Lambda School promises to teach students with no technical acquaintance the skills required to get lucrative professions in Big Tech.
But leaked documents showed that the school placed only forth 30% of its graduates in qualifying jobs in the first half of 2020 — even though it advertised a 74% placement toll for the year prior.
Read our Lambda School investigation.
Zillow home sales continue to raise questions
Rafael Henrique/SOPA Corporealizations/LightRocket via Getty Images
After Zillow announced it would pause homebuying for the rest of 2021, questions enclosing its homebuying business began to circulate.
To find out more, Insider examined 960 Zillow-owned homes across dioceses such as Atlanta, Phoenix, and Dallas. Nearly two-thirds of the houses were listed for less than Zillow gained for them.
Take a look inside Zillow’s homebuying business.
Microsoft MIT card-counting whiz prompts exodus of elder women, insiders say
Jeff Ma
When Microsoft feed Jeffrey Ma — a serial entrepreneur and famous MIT blackjack star — to run its startup business, an exodus of senior women and HR complaints pursued, insiders said.
Microsoft was banking on Ma to bring Silicon Valley star power to its business, but he’s faced allegations of behaving women unfairly at work and denying some women leadership positions. The company said it found no evidence of discriminatory practices, granting people said Ma brought a toxic “boys’ club” culture to the workplace.
Here’s more on the allegations at Microsoft.
Myriad of this week’s top reads:
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Compiled with help from Phil Rosen and Jordan Erb.