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Looking Backward July 11


10 years ago
July 11, 2011: NoCasino Thousand Islands, a local anti-gambling organization disbanded in 2009, soon may regroup in response to a recent proposal to convert the Bonnie Castle Recreation Center into a $140 million racino. With the help of an entertainment/casino development company, the owners of Bonnie Castle Downs Inc. plan to transform the recreation center into an “upscale racino” with a harness-racing track, a 30,000-square-foot casino and a 125-room hotel.
25 years ago
July 11, 1996: The U.S. Senate has confirmed Croghan native Donald J. Planty as ambassador to Guatemala. He will be sworn into office July 18 and will leave for Guatemala City in early August. Mr. Planty, 51, a career foreign service officer, was selected by President Clinton this spring as the next U.S. envoy. ....

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Posted Ancient Poem Likely Criticizing Beijing Rattles Stock Market


CEO’s Post of Ancient Poem Interpreted as Criticism of Beijing Rattles Stock Market
A Chinese billionaire rattled the stock market by quoting an ancient poem on social media, reflecting on the fall of the Qin Dynasty the first empire in China. Although the post was later deleted, his company’s stock plunged to a new low of the year.
“The Book Burning Pit,” read as “Fen Shu Keng” in Chinese, was a seven-character quatrain written by Tang dynasty poet Zhang Jie, questioning the tyranny of Qin Shi Huang, the first Emperor of the Qin Dynasty, or China, who ordered philosophical books to be burned as well as the burial of Confucian scholars alive for owning banned books. ....

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Meituan: China tech giant's shares slide over ancient poem


BBC News
Published
image copyrightGetty Images
Shares in Chinese food delivery giant Meituan have fallen sharply after its boss reportedly shared a 1,000-year-old poem on social media.
The Book Burning Pit by Zhang Jie was posted, then deleted, by the firm s billionaire chief executive, Wang Xing.
The Tang dynasty poem was interpreted as a veiled criticism of President Xi Jinping s government.
Meituan is currently under investigation over allegations of abusing its market dominance.
The company is one of China s biggest takeaway food delivery and lifestyle services platforms and is backed by technology giant Tencent.
It has a market valuation of around $220bn (£156bn) and in April raised $10bn to fund its investment plans for deliveries using drones and self-driving vehicles. ....

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