Economy

The "have nots" in Sochi are highlighting how spending on the Olympic Games is making them poorer.

China's economy slowed to 7.7 percent growth. Oh, the humanity.

"Those figures appeared to mask a much sharper deterioration during the three months ending in December. Factory output, exports and investment all weakened. On a quarter-to-quarter basis, economic growth dropped to 1.8 percent from the previous period's 2.2 percent.

"The economy is slowing quite rapidly. The slowdown has accelerated during the quarter," said economist Dariusz Kowalczyk of Credit Agricole CIB."

Not good news.

Warning that the impending default by a Chinese bank is just the first act of widespread Chinese defaults.

85 richest plutocrats own 46% of world's wealth. Top 1 percent owns $110 trillion. Thank government for stealing all that money for them.