George Soros comparison of Chinese economy and that of the US in 2007-08

George Soros is an experienced financial and investment expert that has recently said the current economic situation of China resembles that of the United States right before the global recession of 2007-08. He has said that debts currently fuel the Chinese economy on, and when the credit market seized, it led to the global recession. The global economies are facing an imminent crisis and investors need to be very cautious with the decisions they make.

The Chinese economy is struggling, and since it is one of the largest economies in the world, its problems will quickly affect other economies, especially those that trade with them heavily. One of the notable problems if their devaluated currency that is already transferring its problems to the rest of the world and shares a lot of similarities to the 2008 global recession.

George Soros says that the credit growth figures from the month of March are a warning sign. He said this in an Asian Society event that was held recently in New York. China is the world’s second-largest economy, and its March credit figures surpassed the median forecast that was given by Bloomberg survey. The survey had predicted a figure of 1.4 trillion Yuan, a figure that was exceeded by almost 1 trillion Yuan. According to Soros, this shows that the government is prioritizing growth and is not concerned by the growing debt figures.

When the world’s largest economy went into recession in 2007-2008, the economy on was being fueled by a growing credit growth. Banks were supplying money that was desperately needed to keep the bad debts and loss-making enterprises alive. George Soros said this while referring to the Chinese banking system. The Chinese banks have more loans than deposits, which is not something good. Besides, their banks not only have trouble on the assets side but also an increasing trouble when it comes to liabilities. What banks are now doing is lending each other, and that is an additional cause of uncertainty and instability. This is a problem that has been deferred and can be done for a year or two. However, for the case of China, it is growing at an alarming rate.
Read more: George Soros comparison of Chinese economy and that of the US in 2007-08

Another scenario that resembles the situation just before the global recession is the booming business in the real estate sector. This is partly because of the surge in new credit in the month of March on that helped the economy gather pace and made the property sector experience a rebound. The prices of new homes in some of the biggest cities have risen by 62% over the past one year. This was the situation in the U.S. in 2005 and 2006 where the real estate business was in a bubble.

Meet Dick DeVos’s New CEO

Dick DeVos has recently hired a new CEO for the Stow Company Inc. The Stow Company is based in Holland and is part of the WindQuest Group. It specializes in custom home storage products. The previous CEO, Frank Newman, is retiring at the age of sixty-seven, though he will continue to serve on the board of advisors. The new CEO is Phil Dolci, who is 48 years old and has twenty-three years of experience in manufacturing consumer products. Before being hired by Dick DeVos, he was CEO of the Crosman Corporation, a Cincinnati-based company that specialized in producing products for shooting sports.

Dick DeVos is a well-known personality and philanthropist. He once ran for governor of Michigan and was listed as number sixty-seven on the Forbes list of the richest people in the world. He has a bachelor’s degree in business administration from Northwood University. He has also studied at Harvard and Wharton. His wife was the chairperson of the Michigan Republican Party. His wife Betsy (formerly Betsy Prince) has been married to him for thirty-five years and together they had seven children and five grandchildren. He is also a jet and helicopter pilot and a two-time National Champion sailor.

He is the son of the founder of Amway, Richard DeVos. In fact, he took over as the president of the company in 1993. This was a position he held until 2002. Before he was president of the company, he was vice president. Under his management, the company tripled their international sales over their domestic sales. This was the first time that it had happened. In addition, he was responsible for company operations in fifty countries. In his final year as president, before he became president of Orlando Magic, the company reported sales of four and a half billion dollars.

Yeonmi Park Releases New Book, Engages in War of Words with Pyongyang

North Korea is one of the greatest wildcards that the current world is facing. Their government has proven time and again to be run by a regime that cares for little more than its own self, even putting their own country’s residents at a disadvantage. The truth is that North Korea is something seemingly pulled from a dystopian novel. The people are impoverished, hungry, and absolutely dragged down by a government regime that has distaste for them. These people are essentially prisoners so when one of them manages to escape and is willing to speak out against Pyongyang and the regime, that is certainly newsworthy. That is why Yeonmi Park has reached the center of the spotlight, according to a report by
Yeonmi, at first glance, looks like she could blow away in a strong breeze. Park is a small woman with doll like features, wide eyes, and a voice so soft as to require you to strain in order to hear it. Despite this rather fragile appearance she possesses the sort of steel in her resolve that few human beings will ever have. At just the age of 13 she was forced to flee North Korea after her father had been thrown into a labor camp. She was summarily sold into the world of human trafficking by a man who had promised to help her, and her mother, escape. For the following years she would be little more than an indentured servant on the best of days and a reviled slave on the worst of them. You can read her story, in depth, and how she overcame these horrors in her Amazon best-selling autobiography, “In Order to Live: A North Korean Girl’s Journey to Freedom”.

Perhaps as inspiring as her journey is the depth of effort that the North Korean government is going through in order to disprove it. Pyongyang has released a litany of documents and videos that try to paint Park as unreliable and a ‘celebrity defector’. These are the real thoughts of a government that is so completely against their people that they would need to smear a survivor just to keep the other oppressed citizens at bay.

Beneful Leads the Way for Healthy Dog Food

Pet food companies are jumping on the latest health food craze, taking the same farm to table initiative that many organic retailers around the country have jumped on for human consumption. While specialty dog food companies have been selling their high end, organic and all natural pet foods for years, the more generic dog foods are now taking their lead. Offering fresh fish and meat as well as delicious vegetables, they are keeping the health and nutrition of our beloved pets in mind as they craft delectable dinners. Skeptics of this real food initiative have been silenced as traditional companies have seen skyrocketed sails since releasing their revamped, healthy products.
At the forefront of this real pet food initiative is the highly popular Purina Store brand, Beneful. Taking the industry to a new standard, Beneful has a variety of options on Amazon ( for dogs of every age. Whether you need to provide a puppy with the nutrients they need to spring into adulthood with their best paw forward, or ensure your senior dog is getting the proper nutrition they deserve, there is a little something for every dog out there.

Keeping nutrition in mind, Beneful is highly conscious of the ingredients that they are incorporating into their dog food. Delicious meals are churned out with real salmon, beef, and chicken. Making sure your dog gets an ample amount of fruits and veggies in their diet, Beneful also make sure to blend in a variety of fresh vegetables and fruits that will leave your pup bouncing back to their bowl for every meal.

Paris Fashion Week Ushers in New Trends

Paris Fashion Week just officially wrapped up Fashion Month with quite the bang. As recently reported by InStyle, the Paris runways were filled with retro styles, complete with ’80s throwback enormous shoulder pads and even a mix of velvet fabrics. Another one of the striking trends on the Paris runways was wide variety of floral patterns used for billowy, long skirts and slinky dresses. Many of these looks had a ’90s feel to them and were paired with open toe sandals worn with eye-catching socks. Plenty of platform heels on were in sight and should be anticipated to hit the shelves of major retailers for the upcoming seasons. Another trend to watch for is off the shoulder jackets and coats.

JustFab has been keeping up with the most cutting edge fashion trends since it burst onto the scene in 2010. If you are looking for affordable, runway worthy fashion, then JustFab is the perfect option for you. As an online subscription retailer, JustFab offers a membership option that gives customers a personalized shopping experience each month. Monthly memberships cost $39.95, which provide customers access to their very own online stylists. Members take a personal style survey upon signing up, and then they can treat themselves to the items selected by their stylist. If a member happens not to like the options for a particular month, he or she can choose to skip that month and will not be charged the membership price for that month.

Besides having access to a personal stylists and deep item discounts, another one of the perks of a JustFab membership is that subscribers get free shipping on all orders over $39, and returns or exchanges of items are hassle free. In addition, if for any reason, a subscriber is not thrilled with his or her monthly membership subscription, cancellation is super easy. Just call the JustFab customer service line and request a membership cancellation at any time without any fees or penalties. If you are on the fence about trying out JustFab’s incredible selection of shoes, accessories and clothing, then consider signing up for a trial and then cancelling if the service is not right for you. With deep discounts off on regular retail prices and top of the line fashion picks, JustFab has something in store for almost anyone’s style and budget.

Slyce is enjoying Tremendous Growth According to its end of 2015 Financial Results

Visual search technologies deployed into the market by Slyce Inc., a prominent visual search avenue have revolutionized the way retailers interact with their clients. Currently, it is possible for retailers to track the behaviour of the client prior to and after the purchase. Slyce Inc. released its financial report covering business updates, transactions and deals closed, as well as new technology for the October 31, 2015 fourth quarter.

Business updates

Slyce signed deals with new customers during the three months of the fourth quarter. SHOES.COM signed an agreement with Slyce on August 12, 2015. Slyce will be the sole provider of mobile image technology, which will enable clients to upload images of women’s footwear on and they will be presented with all type of shoes available as well as those that are matching.

Slyce proceeded to announce that it would deploy its technology on all products of Neiman Marcus on August 26, 2015. Other new customers recruited include Urban Outfitters and Shoe Carnival that were announced on October 6, 2015, and October 22, 2015, respectively.

Technology achievements

Slyce focused on creating an amazing shopping experience for clients and help retailers to boost their sales by launching a series of visual search technology. The Universal Scanner was released to the market on October 5, 2015. This device will enable retailers to recognize diverse objects ranging from physical ones, barcodes, flyers, and catalogues automatically.

Slyce Link creates a platform for clients to interact and exchange their views about brands. The platform is available in either SDKs or JavaScript that are supported by iOS and Android operating systems. This system was launched on November 25, 2015.

Revenue updates

For the three-month period, Slyce’s revenue amounted $1,692, 292, which is a 1784% increase from the previous quarter ended Oct 31, 2015. Client Integration and deployment formed a bigger percentage of the total revenue and it was followed by recurring revenue, which is currently enjoying a tremendous growth.

Operational expenses

The October 31, 2015, fourth quarter expenditure totaled $11,639,430 representing a significant increase from the previous year, which was $6,900,310. Slyce has been involved in a series of acquisitions and marketing activities that have triggered an increase in expenses.


Many large enterprises are now developing a new interest in the New York City luxury real estate sector. This industry has been subjected to many changes in the previous years which have caused the high prices that are now in place. It was anticipated that prices in the New York real estate would go up. This became the sole reason for the increased interests in this sector. The high rates have motivated many of the companies that are now entering the real estate sector in New York. However, there are other national plans which aim at uplifting the local brokerage companies in the real estate sector in New York. Brokers are now expected to up their game and stay self-sufficient in their practices. Marketing is to take a new dimension with such expectations being made to brokerage companies. The self-sufficiency that is expected to be seen in real estate broking companies is for them to understand their networks better.

Town residential company is a brokerage and property marketing company that deals majorly on real estate marketing. The company was founded by Heiberger in 2010 and the growth that it has recorded for that time is impressing. Town Residential is now among the real estate brokerage companies that can get recognition in New York. The owner of this company founded another real estate company which is now ten years old and has been the motivating factor behind the growth of Town Residential’s founding.

Town residential depend on the cash buyers as its established client network. This company has over 800 agents who take the biggest part of the commission. The company recently considered investing near the city. This, therefore, implied that it would limit its investment in the suburbs. The same factor has driven this that the company is reliant on the cash buyers. This lot of buyers is now moving towards the city whereby they want to be near to their children and grandchildren. Town residential company is taking full advantage of its loyal client base, and its established network to bring out the best from the New York real estate company.

Lacrosse Star Jon Urbana Puts His Money Behind Earth Force in GoFundMe Pledge

Jon Urbana, professional lacrosse player and co-founder of the Jon Urbana Next Level Lacrosse Camp, has recently launched a new GoFundMe campaign to raise proceeds for Earth Force. Urbana recalls his childhood in Denver, Colorado and how the area taught him to love nature and its beauty, which is the driving force behind his decision to help Earth Force. The organization centers on a campaign that motivates youth to become active participants in improvement projects for their local environments as well as become activists.

Earth Force has a goal to raise $1,750 towards increasing the involvement of his Facebook fans in environmental issues like the importance of a clean world and a future that doesn’t rely on dirty energy, and all funds that are raised through Urbana’s Twitter campaign will go directly to this cause.

Urbana not only has a deep love for nature and a clean planet, but he has a history of working side by side with animals. He is the founder and owner of a lacrosse camp held each summer where he helps train athletes and hopes that he is helping shape them to become not only stellar players, but lovers of nature and environmental activists.

Along with his love of the sport lacrosse, Urbana is known for having numerous hobbies that have propelled him into somewhat of an internet celebrity. He showcases his photography and music skills on all his social media sites as well as information about charities and organizations he feels strongly about.

Information about the GoFundMe Urbana started for Earth Force was originally obtained from

Online Shopping Problems And Visual Search Solutions From Slyce

Slyce is a well known application that is offering consumers new choices for their online shopping needs that they just can’t resist. Consumers are tired of the traditional methods of online shopping because they are seeing terrible recommendations pop up on their screens that seem irrelevant to their lives. Slyce does not take kindly to this at all. They have decided to make big changes to the ways that we view online shopping, and the consumers who use their services are appreciative of them. Consumers are seeing better recommendations based upon their recent searches, and when a product is out of stock, the Slyce platform is ready to suggest a good alternative.

One of the main reasons why Slyce is ahead of other visual search companies is because they have artificial intelligence solutions that are conducting the searches, but they also have a human counterpart that checks over what the AI is doing. The human counterpart acts like a special shopping assistant. Slyce’s users love to have this human component available to them. Users open up Slyce’s application, and they can see the chat menu right there, so if they have any questions about their search, then they can contact a member from Slyce’s team post haste.

Visual Search News

In a recent article from Live Mint, a consumer actually shares what she feels is happening in the online shopping community. This is news to many of us who have been involved in the visual search community, but it makes sense. This consumer tells us that she is tired of seeing terrible recommendations. She is referring to the traditional methods of online shopping, of course. She also complains that the sizes are wrong for her purchases. Visual search companies can solve both of these problems with their sophisticated image recognition software and accurate recommendations.

At the same time as helping the consumer, most visual search companies are assisting retailers with their analysis of current trends. Visual search companies are taking the data they collect to major retailers who keep track of their stock, and these companies try to anticipate which was the trends will go in order to accommodate the demand of their users. This can be a complicated ordeal for the retailer, and they are often several months behind. This problem and the solutions brought by visual search are discussed in this article from Live Mint’s website.

Dick DeVos Gives Back To The Community

Day Two of the 2016 Gold Cup sailing competition in Ft. Lauderdale, Florida, presented by the Lauderdale Yacht Club proved to be simply amazing! So competitive was the racing, officials increased the competition with the addition of three more races.

On the day, three races turned everything topsy-turvy as Volpe, captained by philanthropist and entrepreneur Dick DeVos captured the top spot ahead of current world champion and captain of STIG, Alessandro Rombelli. Third place is governed by Pisces captain Ben Schwartz, who took part in an altercation in the fifth race. Fourth and fifth place went to Richard Goransson’s Inga, hailing from Sweden and Rick DeVos, captain of Delta. As competitive as the races were, the newspaper headlines will speak of the influx of junior sailors in this year’s competition that hail from the Lauderdale Yacht Club Sailing Foundation. A junior sailor was a member of each Melges 32 crew, allowing them to get right into the thick of things and experience the spirit and competitive nature of sailing against the world’s best Grand Prix sailors. Melges 32 Gold Cup Regatta top honors for junior sailors went to Denver Rozzo and Michael Moss 

Windy conditions out on the water impacted the day’s results beginning with the first race, where Captain Rombelli of STIG out maneuvered Dick DeVos with Volpe, for first and Ben Schwarts placed third with Pisces. The most eventful race of the day was Race Four where Team Pisces kept a commanding lead throughout the course and won, in spite of areas where the breeze fizzled to almost non-existence. 

Congratulations to the recent Melges 32 Gold Cup participants and winners—what a thrilling race against incredibly talented sailors!

Posted by Dick DeVos on Monday, February 15, 2016

DeVos has a deep belief in the need for education, as he served on the State Board of Education. Dick established the Education Freedom Fund, a program that provides underprivileged kids in Michigan with scholarships. He also created the West Michigan Aviation Academy, an institution that inspires individuals with an interest in aeronautical science. 

Dick is a renowned businessman and philanthropist. Every place he sets foot in turns to success. A graduate of Northwood University in Michigan, Dick DeVos is an acclaimed and honored National Champion sailor. He has a deep commitment to community initiatives, such as in Grand Rapids, Michigan. His involvement transformed Grand Rapids, into a revitalized community with a new arena, convention center, and hospital.

His career began with his father’s company, Amway which is a multi-level marketing company (Source: He is also known for his great political donations and leanings which you can read more about in the following MLive article.