Day: September 19, 2021

General Milley and the Proper Role of the Military

Chin@Strategy

A new book reports that Gen. Mark Milley, the chairman of the Joint Chiefs of Staff, improperly restricted the president of the United States’ ability to use military force and committed to warning China, an American adversary, of any impending U.S. military action against it. If the book, “Peril,” by Bob Woodward and Robert Costa, accurately recounts General Milley’s behavior, his actions could be an egregious series of violations of the norms that govern civil-military relations in the United States. The context surrounding General Milley’s actions is unclear and may…

Evergrande Gave Workers a Choice: Loan Us Cash or Lose Your Bonus

Chin@Strategy

When the troubled Chinese property giant Evergrande was starved for cash earlier this year, it turned to its own employees with a strong-arm pitch: Those who wanted to keep their bonuses would have to give Evergrande a short-term loan. Some workers tapped their friends and family for money to lend to the company. Others borrowed from the bank. Then, this month, Evergrande suddenly stopped paying back the loans, which had been packaged as high-interest investments. Now, hundreds of employees have joined panicked home buyers in demanding their money back from…