Money
Imaginechina via AP

Cashless complications

China | The popularity of mobile payments in China means some taxi drivers don’t even carry change
by June Cheng
Posted 12/06/17, 11:43 am

At the end of a cab ride in Chengdu, my driver pulled over at my destination and asked, “You using Alipay?”—referring to the ubiquitous mobile phone app. No, I explained, I only had cash. I pulled out 50 RMB ($7.50) for the 25 RMB ride. “Oh,” the taxi driver responded, surprised anyone in 2017 still used cash. “I’m so sorry, I don’t have any change.” I ended up running out to a nearby store to break my 50 (thankfully the cashier had some physical bills stashed away) and returning to pay the embarrassed driver.

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An unexpected opportunity

Money | Rediscovering the spirit of generosity
by Joel Belz
Posted 10/25/17, 04:56 pm

I’m so embarrassed. It was a basic principle of Christian stewardship—and I almost missed it! And as I’ve checked around, I sense others may be missing it as well.

To make the point, I have to tell you candidly that I’m a few years older than my wife, Carol. Which means that I became eligible for Social Security benefits a few years before she did.

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Associated Press/Photo by Rogelio V. Solis (file)

Wells Fargo announced Thursday its fake bank account scandal is much worse than first disclosed. Investigators say bank employees opened 3.5 million accounts without customers’ knowledge, up from the 2.1 million initially discovered. The bank thought the scandal began in 2011 but quickly realized it stretched as far back as 2009. Wells Fargo employees opened the accounts under pressure from managers to meet aggressive sales targets.

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