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LI XINTONG DID not want one overpriced cashmere sweater, let alone a hundred. But when his loan to Jicai came due, the investment firm offered to repay him not in cash, but in sweaters. The value of 100 cashmere pullovers, it said, equalled his 150,000 yuan ($ 22,000) loan, and was thus fair compensation. Mr […]
Companies offer payment in kind to avoid defaults amid a financial squeeze
Progress, the Blairite Labour-supporting organization, is advertising for “volunteers” to fill its job vacancies, in a sign that a severe lack of funding is beginning to bite for the consistent Corbyn critics. Listed on its job vacancies page are three unpaid roles; events, social media and sub-editor, with job specifications that intimate that such positions […]
