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China’s Banking Watchdog Warns Fed Easing Risks Financial Crisis
The Federal Reserve’s unparalleled stimulus risks plunging the world into financial crisis, according to the chairman of China’s banking watchdog, who also warned that bad debts at Chinese financial institutions could balloon significantly this year due to the impact of Covid-19. “In an international monetary system dominated by the U.S. dollar, the unprecedented, unlimited quantitative easing policy of the U.S. actually consumes the creditworthiness of the dollar and erodes the foundation of global financial stability, said China Banking Regulatory Commission Chairman Guo Shuqing.
“The world may once again be pushed to the verge of a global financial crisis,” he wrote in an article published in the Communist Party’s Qiushi magazine on Sunday.
For China’s financial sector, “after the Black Swan of the virus pandemic, asset quality will inevitably deteriorate,” Guo said.
The article comes on the heels of a similar warning from Guo in an interview with Xinhua, where he cautioned that easy access to funding could spark a reemergence of financial irregularities, and that China should make preparations to deal with a rise in non-performing assets.
https://www.bloomberg.com/news/articles/2020-08-16/china-s-banking-watchdog-warns-fed-easing-risks-financial-crisis?srnd=markets-vp
>>10306428 02-5001 USAFSOC C-32B ne from Eglin AFB on final at NAS Oceana, VA
SAM388 USAF C-40B south from JBA with AZAZ09O9 US Army C-560 from Houston starts it 's descent to Ft. Bragg, NC
First male cheerleader in Japan's pro soccer league hopes to carve out new path
FUKUOKA – As a group of cheerleaders danced with flamboyance and flexibility, one of them stood out with bold and dynamic moves. It was none other than 23-year-old Takara Yoneoka, the Japanese professional football league's first male cheerleader.
Yoneoka, whose regular job is as a high school substitute teacher, made his cheerleading debut for the J-League's second division team Avispa Fukuoka this season.
On July 25, spectators filed into Best Denki Stadium in the southwestern Japan city of Fukuoka Avispa Fukuoka's home turf for the first time of the season. Thirteen cheerleaders who had not had a chance to perform due to the novel coronavirus were finally able to put on a show. After Avispa Fukuoka's victory, in the afterglow of the win, Yoneoka wowed the spectators with a series of backward somersaults and other unique moves. "There were spectators 360 degrees around the pitch. I was nervous but it felt good," Yoneoka said, his face alive with expression.
Yoneoka was born in the southwestern Japan city of Kumamoto. When he was 5, he began performing in the baton-twirling class that his mother ran, and went on to represent Japan in the International Baton Twirling Federation's Grand Prix competition. In the two-baton division, he won silver medals in three tournaments in a row.
At Avispa Fukuoka's home games, the cheer dance team RFC had performed before matches and at halftime, among other appearances. From this season, the soccer club collaborated with RFC to form a team of cheerleaders unique to the club, and they decided to enlist a male cheerleader, wanting to step out in a new direction. Picked for the role was Yoneoka, who had received accolades while representing Japan in baton twirling.
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https://mainichi.jp/english/articles/20200815/p2a/00m/0sp/041000c
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