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Protesters in China besiege an indebted property developer

The Economist China - Sáb, 09/18/2021 - 02:00
Angry investors have flocked to several of Evergrande’s offices

The Chinese Communist Party’s model emperor

The Economist China - Sáb, 09/18/2021 - 02:00
A Qing dynasty ruler is praised for pacifying China’s borderlands

South Korea’s government sees tech firms as the new chaebol

The Economist Business - Sáb, 09/18/2021 - 02:00
It accuses online darlings like Coupang and Naver of picking up the old conglomerates’ bad habits

Who needs expats?

The Economist Business - Sáb, 09/18/2021 - 02:00
The case for shuffling staff around was looking stretched even before the pandemic

Primary care’s problems go well beyond stay-at-home doctors

The Economist Britain - Sáb, 09/18/2021 - 02:00
GPs are miserable. Patients are angry

Britons are snapping up electric vehicles

The Economist Britain - Sáb, 09/18/2021 - 02:00
That is good news for the climate—but a problem for the Treasury

Adventures in DeFi-land

The Economist Briefing - Sáb, 09/18/2021 - 02:00
Can decentralised finance lay the foundations for an open digital economy?

What are blockchains?

The Economist Briefing - Sáb, 09/18/2021 - 02:00
The databases represent an immutable shared history

India’s pupils have been hard hit by extended school closures

The Economist Asia - Sáb, 09/18/2021 - 02:00
Poverty, undernourishment and poor pedagogy make a bad situation worse

Realme: "Queremos ser más grandes que Xiaomi"

Expansion tecnologia - Vie, 09/17/2021 - 20:41
El CEO para Europa de la marca china de 'smartphones', Madhav Sheth, asegura que sus ojetivos a largo plazo son muy ambiciosos, y no solo en telefonía. Leer

TikTok ofrece buen juicio... pero también sandeces

Expansion economia digital - Vie, 09/17/2021 - 19:28
Algunos 'influencers' ofrecen consejos financieros sensatos, pero otros empujan a los pequeños ahorradores a asumir excesivos riesgos. Leer

What does the Australian submarine deal mean for non-proliferation?

The Economist International - Vie, 09/17/2021 - 19:18
Nuclear subs are fuelled with the same stuff used in bombs

La compañía sueca BTS compra la firma barcelonesa Netmind

Expansion tecnologia - Vie, 09/17/2021 - 18:51
Le empresa escandinava, que cotiza en la Bolsa de Estocolomo, se queda con la compañía especializada en formación sobre tecnología y transformación digital. Leer

German election diary: Never work with kids; Greta and the Greens

The Economist Europe - Vie, 09/17/2021 - 18:04
A weekly dispatch from the race for the Bundestag

Banking the Poor

netinterest.substack.com - Vie, 09/17/2021 - 17:31

There’s a disconnect that sits at the heart of banking: the people with the highest demand for loans aren’t the ones banks want to lend to. More often than not, it’s because they don’t have collateral – and there’s nothing a bank likes more than collateral. A private bank will lend you as much as you want against the value of your stock portfolio; a mortgage bank will do the same against the value of a house. It’s more difficult if you haven’t got a brokerage account, or any real assets, or even a bank account. Globally, around 1.7 billion adults didn’t have a bank account when the World Bank last did a survey, in 2017.

One of the ways round this, if you want to avoid usurious interest rates, is to find a guarantor. 

Jonathan Swift – the author of Gulliver’s Travels – took up a sideline doing this form of lending in his home town of Dublin in the eighteenth century. He set up a small fund to lend to poor but creditworthy tradesmen who had projects that promised high returns on investmen…

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