[Post 283] The Collapse Of FTX: Insiders Tell All | CNBC Documentary

Summary

Former billionaire, Sam Bankman-Fried, saw a meteoric rise as crypto's golden boy and an even more spectacular fall from grace as his $32 billion cryptocurrency exchange, FTX, collapsed in a matter of days. FTX customers and investors around the world watched in shock as a single tweet ignited a series of events that ended with the former crypto titan facing a dozen federal charges and waiting for trial behind bars. FTX customers, investors and employees were devastated to learn that $8.9 billion dollars in customer’s funds went missing from the exchange.

In this documentary, CNBC’s Kate Rooney speaks to the people most impacted by the fall of Bankman-Fried’s crypto empire. The in-depth documentary includes a candid interview with former President of FTX US who reveals what it was like to work directly for Bankman-Fried and what red flags concerned him most about the company.  FTX investor, Anthony Scaramucci, tells all about his front-row seat to the collapse and what it was like to visit SBF while his empire was crumbling around him.

Rooney’s reporting also uncovers first-hand accounts from FTX customers who share the impact of their catastrophic losses, and pull no punches when discussing what lured them into SBF’s house of cards. And far beyond SBF’s rise and fall, the documentary explores the battle that lies ahead over the missing billions, and whether customers will ever get any of their money back

[Post 282] How China Is Buying Malaysia's Largest Companies

Summary

Did you know that China is making big moves in Malaysia, buying up companies and investing in their future together?

[Post 281] “Lazy” millennials demanding work-life balance | 60 Minutes Australia

Summary

Anyone aged from their mid-20s to early-40s is considered a millennial. While the group is now the largest generation in Australia, it’s also the most heavily criticised. The flak comes mainly from older generations who are quick to complain that millennials are lazy and entitled, especially in the workplace.

Most of them probably couldn’t care less, but as Tom Steinfort reports, many of the millennials’ bosses are not sure how to handle their increasing demands for greater flexibility so they can have the freedom to enjoy acting their age.

[Post 280] Fractional Property Investment: You Can Now Buy A Part Of A Property. But Should You? | Money Mind

Summary

Fractional investing is a new way to get a share in luxury property, without needing millions in the bank. How does it work – and is there a downside?  

[Post 279] Living From Paycheque To Paycheque Every Month: Meet The Moonlight Clan | Money Mind | Adulting

Summary

Meet the Moonlight Clan – Gen Zs in the Chinese-speaking world, who spend everything that they earn every month. Can they break this cycle – and do they want to? 

[Post 278] Where You Should Stash Your Cash In Case Of A Financial Emergency | Money Mind | Personal Finance

Summary

Life is full of surprises. And when the unexpected happens, you can cope better with an emergency fund. Money Mind finds out how to grow your fund and keep the money accessible. 

[Post 277] Why The U.S. Won’t Pay Down Its Debt

Summary

The U.S. national debt is nearly $33 trillion as of early September 2023. Every year since 2001, the U.S. government has spent more money than it takes in, which means it has to borrow money to make up for the difference. The national debt is frequently discussed as a danger to future generations, but some economists say there’s no reason to get the national debt down to zero. One reason for that is without the debt, there would be no federal government securities, such as Treasury bonds, which provide investors a safe place to park their money while accruing interest. Most economist warn, however, that there’s a balancing act when it comes to the national debt. Watch the video above to learn more about why the U.S. can’t get a handle on the national debt and whether it even has to.