2018.08.17

News Headlines - 17 August 2018

China’s stock market nears low of 2015 crash after drug makers slide amid Beijing crackdown on industry | South China Morning Post

China’s stocks dropped for a fifth day, nearing the low of the 2015 market rout, as Beijing vowed to clean up the health care sector in the wake of a vaccine scandal and concerns deepened about a slowdown in growth... That is just 0.5 per cent shy of the nadir set in January 2015 after the rout that erased US$5 trillion in market value.
In contrast, Hong Kong’s Hang Seng Index rose for the first time after five days of losses, ending up 0.4 per cent.

Value of BOJ assets exceeds Japan’s GDP - The Japan News

The total value of Bank of Japan-owned assets, mainly Japanese government bonds, has exceeded the country’s annual nominal gross domestic product for the first time ever, a central bank report showed on Tuesday... The Bank of Japan’s balance sheet is expected to expand even further as the central bank is continuing with its massive asset purchases to meet its inflation target of 2 percent.
The total Bank of Japan assets swelled 3.3-fold from the end of March 2013, just before the bank embarked on massive monetary easing in April that year.

NYU Medical School Plans Free Tuition For Those Studying To Be Doctors : NPR

In a move it said was to address the large cost of entering a career in medicine, New York University's School of Medicine said Thursday that it will offer full scholarships to all current and future students in its doctor of medicine program.
NYU said it was the "only top 10-ranked" medical school in the U.S. to offer such a generous package.

Should Tesla investors worry about Elon Musk's 'stability?'

Are Tesla investors concerned about CEO Elon Musk’s “stability?”
That question reverberated Friday as the electric carmaker’s stock price fell nearly 9 percent following an interview in which Musk cried and bemoaned his “excruciating” year.
In the interview with the New York Times, published late Thursday, Musk sounded more like a man on his last lap than the visionary leader of one of the most iconic companies in business today. Even for a man who compulsively over-shares — about his relationships, his challenges, his opinions of others — the content of the interview was remarkable.

Police use Taser on 87-year-old woman cutting dandelions with a knife - CNN

An 87-year-old grandmother using a knife to cut dandelions in the woods near her rural Georgia home last week was taken down by a police Taser and arrested, according a police report.
Martha Al-Bishara was arrested for criminal trespass and obstruction of a police officer, according to the report. Chatsworth Police said Al-Bishara did not drop a steak knife despite several commands and a demonstration by officers. At one point, she walked toward officers with the knife, police said.


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