Fortune on Ex-Lehman CFO Erin Callan's Stunning New Memoir, Full Circle [H/T @BarbarianCap] (LINK)
Chinese Brokerages Rally on Revived Support for Margin Trading (LINK)
China Securities Finance Corp. said it will restart offering loans to securities firms for periods ranging from 7 days to 182 days. The state-backed agency, which provides funding to brokerages for margin trading, will cut interest rates on the debt to as low as 3 percent, it said in a Friday statement.
The amount of shares purchased on margin has plunged more than 60 percent from last year’s pre-rout peak as traders fled Chinese equities and regulators made it harder for investors to access loans. Speculation last week that officials were relaxing such restrictions helped revive trading volume and sent a gauge of small-cap shares in Shenzhen to its biggest weekly gain on record. The Shanghai Composite Index gained 2.2 percent on Monday, paring its slide from its June peak to 42 percent.
Everyone's favorite astronaut Scott Kelly will retire from NASA next month (LINK)
Related PBS show to the above: A Year in Space
Follow astronaut Scott Kelly’s record-breaking 12-month mission on the International Space Station, from launch to landing, as NASA charts the effects of long-duration spaceflight by comparing him to his identical twin on Earth, astronaut Mark Kelly.