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# July 6, 2017
- URL: https://www.thejanusobserver.com/july-6-2017/
- Published: 2017-07-06T12:00:23.000Z
- Updated: 2017-07-06T12:00:23.000Z
- Author: Jonathan Janus
- Tags: Uncategorized, China, Interest Rates, Pensions, South Africa, #Migrated-1792957904788, #wp, #wp-post, #Import 2026-10-25 19:52

Perspective

[FT - China changes tack on 'social credit' scheme plan - Lucy Hornby 7/4](https://www.ft.com/content/f772a9ce-60c4-11e7-91a7-502f7ee26895?segmentId=a7371401-027d-d8bf-8a7f-2a746e767d56&ref=thejanusobserver.com)

- "Beijing delays licenses for country's tech champions amid conflict of interest fears."

[WSJ - Ill-Funded Police Pensions Put Cities in a Bind - Heather Gillers and Zusha Elinson 7/4 ](https://www.wsj.com/articles/ill-funded-police-pensions-put-cities-in-a-bind-1499180342?mod=djem10point&ref=thejanusobserver.com)

- "Police pensions are among the worst-funded in the nation. Retirement systems for police and firefighters have just a median 71 cents for every dollar needed to cover future liabilities, according to a Wall Street Journal analysis of data provided by Merritt Research Services for cities of 30,000 or more."
- "The combined shortfall in the plans, which are the responsibility of municipal governments, is more than $80 billion, nearly equal to New York City’s annual budget."
- "Broader municipal pension plans have a median 78 cents of every dollar needed to cover future liabilities, according to data from Merritt. The 100 largest U.S. corporate pension plans have 85% of assets needed on hand, according to Milliman Inc. data as of March 31."
- "And yet any attempt to bring police pensions into line with today’s municipal budgets and stock-market performance runs into the reality that many officers won’t stand for it—and they often have the public behind them."

Worthy Insights / Opinion Pieces / Advice

[FT - Apple has built an office for grown-ups - Lucy Kellaway 7/2](https://www.ft.com/content/6e873378-5d68-11e7-b553-e2df1b0c3220?emailId=5959caa62886fd0004225865&segmentId=22011ee7-896a-8c4c-22a0-7603348b7f22&ref=thejanusobserver.com)

Markets / Economy

[FT - Fed ready to begin unwinding stimulus 'within months' 7/5](https://www.ft.com/content/8bd98766-619e-11e7-91a7-502f7ee26895?emailId=595d279fd17daf0004341fd8&segmentId=3d08be62-315f-7330-5bbd-af33dc531acb&ref=thejanusobserver.com)

Africa 

[Economist - South African mining is in crisis - 7/4](https://www.economist.com/news/middle-east-and-africa/21724766-industry-faces-tough-times-made-worse-foolish-policies-south-african?ref=thejanusobserver.com)

- "The industry faces tough times, made worse by foolish policies."

China

[FT - Hyundai's China sales plunge 60% amid 'anti-Korea sentiment' - Song Jung-a 7/4](https://www.ft.com/content/6ac827c0-c4d1-392d-af16-3db55ccf7627?desktop=true&conceptId=b2997bc8-d54f-3c4b-870f-130a4b337a51&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8&ref=thejanusobserver.com#myft:notification:daily-email:content:headline:html)

- "Hyundai Motor’s problems in China are worsening as China’s backlash over the deployment of a controversial US missile shield continues to dent sales in one of its key overseas markets amid heightened competition with fast-growing local automakers."
- "Hyundai said on Tuesday its China sales dropped 64% to 35,000 in June from a year earlier while Kia’s fell 58% to about 19,000 units. 'Because of the anti-Korea sentiment, fewer Chinese are visiting our showrooms these days,' said a company spokeswoman."