> ## Content Index
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# May 2, 2017
- URL: https://www.thejanusobserver.com/may-2-2017/
- Published: 2017-05-02T12:00:55.000Z
- Updated: 2026-10-25T20:26:30.000Z
- Author: Jonathan Janus
- Tags: Uncategorized, Apple, Australia, Credit Cards, Ghana, Millennials, Real Estate, #Migrated-1792957904788, #wp, #wp-post, #Import 2026-10-25 19:52

Perspective

[BuzzFeed - Young People Are Struggling, So Furniture Stores Target "The Bank Of Mom And Dad" - Matthew Zeitlin 4/30](https://www.buzzfeed.com/matthewzeitlin/the-bank-of-mom-and-dad?utm%5Fterm=.iynqypdw9&ref=thejanusobserver.com#.vk2RK4r2J)

- "The financial crisis and weak economic recovery locked millions of young people out of the labor force, and for many who do have jobs, they're not particularly well-paying ones. Those jobs leave people burdened by student loans and unable to build up the cash needed to get a place of their own."
- Rather than focusing on selling millennials, focus on their parents.

[WSJ - Apple's Cash Hoard Set to Top $250 Billion - Tripp Mickle 4/30](https://www.wsj.com/articles/apples-250-billion-cash-pile-enlivens-hopes-fuels-expectations-1493566748?mod=djemMoneyBeat%5Fus&ref=thejanusobserver.com)

[![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj_apple-cash-hoard_4-30-17-w-165.jpg)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/wsj%5Fapple-cash-hoard%5F4-30-17.jpg?ref=thejanusobserver.com)

Markets / Economy

[WSJ - From Diapers to Soda, Big Brands Feel Pinch as Consumers Pull Back - Sharon Terlep and Annie Gasparro 4/26](https://www.wsj.com/articles/from-diaper-to-soda-makers-big-brands-feel-the-pinch-of-a-consumer-pullback-1493223098?mod=djem10point&ref=thejanusobserver.com)

Real Estate

[FT - Australia record home sale highlights bubble risks - Jamie Smyth 4/30](https://www.ft.com/content/21712a3e-2e11-11e7-9555-23ef563ecf9a?segmentId=6a1a31f2-ec14-36da-2cf9-65bc949587d6&ref=thejanusobserver.com)

[![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/ft_worlds-least-affordable-cities_4-30-17-w-300.png)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/ft%5Fworlds-least-affordable-cities%5F4-30-17.png?ref=thejanusobserver.com)

Finance 

[FT - US credit card stocks sink to fresh lows - Alistair Gray 4/30](https://www.ft.com/content/10c2691c-2c60-11e7-9ec8-168383da43b7?segmentId=6a1a31f2-ec14-36da-2cf9-65bc949587d6&ref=thejanusobserver.com)

- "US credit card stocks have hit new lows for the year after figures in recent days from three of the biggest providers — Synchrony, Capital One and Discover — showed they set aside 36%, or $1bn, more for bad loans in the first quarter than a year ago."
- "Weaker than forecast financial results on Friday from Synchrony Financial, a $90bn-in-assets issuer that provides cards for retailers including Walmart and Amazon, pushed its shares down 16% and sent a chill through the wider sector."
- "Just three months after the company forecast that net charge-off — or writedown — rates would come in at no more than 5% this year, Synchrony said it now expected they would in fact be at least that high."

[FT - Interest-free credit cards a 'ticking time bomb', bankers fear - Emma Dunkley 4/30](https://www.ft.com/content/a7df4432-2daa-11e7-9555-23ef563ecf9a?ref=thejanusobserver.com)

Health / Medicine 

[FT - Cancer pill costs soar as drug companies retain pricing power - David Crow 4/30](https://www.ft.com/content/935e6ebe-29a1-11e7-9ec8-168383da43b7?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8&ref=thejanusobserver.com#myft:notification:daily-email:content:headline:html)

[![](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/ft_cancer-medication-in-various-countries_4-30-17-w-300.png)](https://storage.ghost.io/c/df/b1/dfb1dfbb-f8fb-4ec3-bf5b-87cf7344bdd1/content/images/2026/10/ft%5Fcancer-medication-in-various-countries%5F4-30-17.png?ref=thejanusobserver.com)

Africa 

[FT - Ghana crackdown on illegal gold mining inflames tensions with Beijing - Maggie Fick 4/30](https://www.ft.com/content/cb032036-2a63-11e7-bc4b-5528796fe35c?desktop=true&segmentId=7c8f09b9-9b61-4fbb-9430-9208a9e233c8&ref=thejanusobserver.com#myft:notification:daily-email:content:headline:html)