The Dow Jones Industrial Average dropped more than 1000 points today before the parachute kicked in. The cause of this volatility? China. Or more accurately, an economic slowdown in China.
Beyond the market histrionics, the Chinese slowdown could have a major effect here in Los Angeles, one of the most popular destinations for Chinese tourists and investors.
Then, extraordinary events occurred in Guatemala over the weekend, where tens of thousands of citizens, the nation’s most powerful business group, and even the Catholic Church have been pressuring President Otto Perez Molina to step down. Much of his cabinet has stepped down and his Vice President has been arrested.
Finally, Los Angeles is prepared for certain disasters: drought, earthquakes, wildfires. But what about a zombie apocalypse? AMC’s new series Fear the Walking Dead premiered last night. In it, L.A. fails to notice a zombie outbreak… until it’s too late.
Banner Image: A man looks at a stock quotation board outside a brokerage in Tokyo, August 24, 2015. Asian stocks dived to 3-year lows on Monday as a rout in Chinese equities gathered pace, hastening an exodus from riskier assets as fears of a China-led global economic slowdown roiled world markets. REUTERS/Toru Hanai