"Many people didn't realize the tribe owned land in the area. The 31-acre plot is small, but there's nothing small about the built-from-scratch NuWu Cannabis Marketplace on Paiute Circle."
"Wang is part of a group of Chinese nationals known as haigui or sea turtles, who return to the country after gaining knowledge and skills abroad. Last year, 432,500 Chinese who studied abroad returned to China, an increase of 58 percent compared with 2012, according to the country’s Ministry of Education. The boomerang effect is aided by the strength of China’s economy and the promise of its homegrown tech industry, including social networking giant Tencent, e-commerce firm Alibaba and search engine Baidu. Local governments provide incentives to startups that open offices."
"Any day now, medical marijuana will legally start to grow in the state of Texas. It will be planted, grown and processed on a 10-acre parcel of land in Schulenburg, a small community east of San Antonio, now that the company that owns the property — Cansortium Texas — has received the state’s first license to do so. The low-level cannabidiol will be sold, under a 2015 law, to help Texans with intractable epilepsy if federally approved medication hasn’t helped."
"Declassified files have revealed new details of U.S. government knowledge and support of an Indonesian army extermination campaign that killed several hundred thousand civilians during anti-communist hysteria in the mid-1960s. The thousands of files from the U.S. Embassy in Jakarta covering 1963-66 were made public Tuesday after a declassification review that began under the Obama administration. The Associated Press reviewed key documents in the collection in advance of their release."
"'The only value of bitcoin is what the other guy'll pay for it,' Dimon said. On Thursday, Dimon said during a post-earnings conference call with media that he's 'not going to talk about bitcoin anymore.' The executive called bitcoin a 'fraud' in September and said it 'won't end well.'"
"Rajoy said Catalan authorities broke the law by holding the referendum and incited street protests to give an appearance of legitimacy to the vote. He did not refer to the violence with which police cracked down on voting day but said 'nobody can be proud of the image' Spain projected, adding the only ones to blame were the Catalan leaders."
"The two financial giants are now offering trades in derivatives that enable investors to bet on or against high-risk bank bonds that financial regulators can wipe out if a lender runs into trouble. Others are also planning to start making markets in the contracts, known as total-return swaps, in the coming weeks, according to Max Ruscher, the London-based director of credit indexes at IHS Markit Ltd., which administers the benchmarks that the swaps are linked to."
"Investors placed almost 11 billion euros of orders for Austria’s first century bond, which had a yield of 2.1 percent. That’s less than the current yield earned on Treasuries coming due in just 10 years. The 'quite peculiar' bond market reflects expectations of a subdued investor response to when the European Central Bank decides to rein in its super accommodative monetary policy, according to Kim Liu, senior fixed-income strategist at ABN Amro Group NV."
"Buyers of Lennar's homes could receive a payment of up to $13,000 toward their student loans, as much as 3% of the home's purchase price, from its subsidiary, Eagle Home Mortgage. The nation's collective student debt stands at an all-time high of $1.34 trillion, according to the Federal Reserve Bank of New York."
"Those kinds of bets have often paid off. Buyers who snapped up co-ops and office towers when New York was near bankruptcy in the 1970s made a killing. More recently, companies including Blackstone Group LP and other marquee names bought foreclosed homes after the 2008 financial crisis and are sitting on billions in potential gains. The cycle begins with small-time investors such as Schild, who’s bought more than 30 waterlogged houses for an average $175,000 apiece. Then Wall Street swoops in."