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Excerpt from The Second Sun

“Ziqi, I know it’s been hard for you. But I hope you will find it in your heart to forgive me,” sighed Leihong, “Ah, 往事不堪回首月明中[1], it’s hard to explain in a few words…. But please do not worry. No matter what people think of me, whether they slander or extoll me, I will always live by my five rules: love my country and my people, observe the law, remain steadfast, fight for the future, and finally, forever love Ziqi!”

“What an interesting list of criteria!” Ziqi giggled. “You even added me into it… but I…


The rocketing rise of GameStop and other meme stock prices instigated by the now infamous Reddit group r/Wallstreetbets with over 8 million members and growing have captured the world’s attention over the past weeks as hedge funds suffer tremendous losses. On the surface, it seems to be about vengeance or spite but a closer look at this ongoing feud between wall street elites and small-time investors reveals a deeper societal problem beyond a simple act of trolling the short-sellers. It is the classic struggle of the haves and have-nots, the 1% and the 99%, now projected in modern finance.

As…


BACKGROUND

Explaining the organization of China’s banking system is crucial to understanding its financial structure. China’s banking sector has expanded exponentially “from $10.2 trillion in 2009 to $41.6 trillion at the end of 2019”, making it the largest banking sector in the world (Bisio 4). It also wields the greatest presence in China’s financial sector, making up more than 80% of all assets held by financial institutions while providing two-thirds of all the credit to the economy in 2019 which also held true at the time of the crisis (4). There is a fundamental difference between the way in which…


The evanescent sun during sunset, like a ball of blazing fire, hung distantly in the hazy firmament. It radiated its magnificent yet tender rays of light, illuminating the vigorous and majestic Qinghai Tibet Plateau, and glistening the meandering Kunlun Snowy Mountains in a dazzle as though they wore a magical veil of gold.

In the variegated sky, there was a mighty and dignified eagle spreading its powerful wings and soaring regally in the air; it looked over this resplendent world in its lofty height, grasping all perceptible changes across the land in its mystical eyes.

A moving train — a…


Bang! Bang! Bang! It only took the first round to wake up the six-year old Zhiyu. Unlike the muffled gunshots and cannons she so often heard in the distance and had grown accustomed to, a crisp and peculiar rhythm suddenly came from beyond her room; this time, a lot closer. The sound gradually increased in volume and frequency and seemed to have surrounded her. The roused girl timidly peered outside the window for fear of the worst but what she found was a delightful surprise: it was the first time she witnessed fireworks. The fireworks flew into the starry night…


Why the Eurozone Crisis of 2010 Happened

The Euro Area Crisis of 2010, known as the European Sovereign Debt Crisis, was a financial crisis that extended from the U.S. Financial Crisis of 2008. As the name suggests, the primary culprit of the financial crisis had much to do with periphery countries borrowing too heavily in an overheated and widely integrated economy. When the flow of capital dried, the governments suddenly found themselves on the edge of bankruptcy. …


With acceptance rates among top universities decreasing to an all-time low, it is no surprise that high school students face more pressure than ever before. And there is no indication that the trend will stop breaking new records any time soon, especially as the number of applications to prestigious institutions increases each year by the thousands. Just fifteen years ago, only 10% of all high school students applied to seven or more colleges. Today, high school students on average apply between 7–10.

While the rationale of having a choice variety to provide a greater safety net is understandable — more…

Jin Qiu

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