Every once in a while a company grows so big and messy that governments fear what would happen to the broader economy if it were to fail. In China, Evergrande, a sprawling real estate developer, is that company.Evergrande has the distinction of being the world’s most debt-saddled property developer and has been on life support for months. A steady drumbeat of bad news in recent weeks has accelerated what many experts warn is inevitable: failure.But will the government let the company fail? And what would happen if it did?Guest: Alexandra Stevenson, a business correspondent based in Hong Kong covering Chinese corporate giants.Love listening to New York Times podcasts? Help us test a new audio product in beta and give us your thoughts to shape what it becomes. Visit nytimes.com/audio to join the beta.Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. Background reading: The property giant’s success mirrored the country’s transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future.Evergrande isn’t the only Chinese real estate developer in trouble — another, Fantasia Holdings Group, recently missed a key payment to foreign bondholders, heightening the persistent fears of a coming crisis in China’s real estate sector.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday.
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Folge vom 25.10.2021A Threat to China’s Economy
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Folge vom 24.10.2021The Sunday Read: ‘Who Is the Bad Art Friend?’On June 24, 2015, Dawn Dorland, an essayist and aspiring novelist, did perhaps the kindest, most consequential thing she might ever do in her life. She donated one of her kidneys — and elected to do it in a slightly unusual and particularly altruistic way. As a so-called nondirected donation, her kidney was not meant for anyone in particular, but for a recipient who may otherwise have no other living donor.Several weeks before the surgery, Ms. Dorland decided to share her truth with others. She started a private Facebook group, inviting family and friends, including some fellow writers from GrubStreet, the Boston writing center where she had spent many years learning her craft.After her surgery, she posted something to her group: a heartfelt letter she’d written to the final recipient of the surgical chain, whoever they may be. Ms. Dorland noticed some people she’d invited into the group hadn’t seemed to react to any of her posts. On July 20, she wrote an email to one of them: a writer named Sonya Larson.A year later, Ms. Dorland learned that Ms. Larson had written a story about a woman who received a kidney. Ms. Larson told Ms. Dorland that it was “partially inspired” by how her imagination took off after learning of Ms. Dorland’s donation.Art often draws inspiration from life — but what happens when it’s your life?This story was recorded by Audm. To hear more audio stories from publications like The New York Times, download Audm for iPhone or Android. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
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Folge vom 22.10.2021Qaddafi's Son is Alive, and He Wants to Take Back LibyaBefore the Arab Spring, Seif al-Islam el-Qaddafi, the second son of the Libyan dictator Col. Muammar el-Qaddafi, was establishing himself as a serious figure internationally. Then, the Arab Spring came to Libya.His father and brothers were killed and Seif himself was captured by rebels and taken to the western mountains of Libya.For years, rumors have surrounded the fate of Seif. Now he has re-emerged, touting political ambitions, but where has he been and what has he learned?Guest: Robert F. Worth, a contributor to The New York Times Magazine. Love listening to New York Times podcasts? Help us test a new audio product in beta and give us your thoughts to shape what it becomes. Visit nytimes.com/audio to join the beta.Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. Background reading: In his first meeting with a foreign journalist in a decade, Seif al-Islam Qaddafi described his years in captivity — and hinted at a bid for Libya’s presidency.For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
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Folge vom 21.10.2021A Showdown in ChicagoChicago is in the midst of a crime wave — but there is also a question about whether police officers will show up for work.That’s because of a showdown between the mayor, Lori Lightfoot, and the police union over a coronavirus vaccine mandate.Some 30,000 city workers are subject to the mandate, but no group has expressed more discontent than the police.Guest: Julie Bosman, the Chicago bureau chief for The New York Times. Love listening to New York Times podcasts? Help us test a new audio product in beta and give us your thoughts to shape what it becomes. Visit nytimes.com/audio to join the beta.Sign up here to get The Daily in your inbox each morning. And for an exclusive look at how the biggest stories on our show come together, subscribe to our newsletter. Background reading: The clash over coronavirus shots in Chicago intensified last week, when the city filed a complaint against the police union.Across the United States, there is friction between city governments and law enforcement unions over vaccinations. For more information on today’s episode, visit nytimes.com/thedaily. Transcripts of each episode will be made available by the next workday. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.