• Two out of three UK pension schemes are in the red to the tune of £210bn
• S&P Global Ratings says China to see first bond default by a local government financing vehicle in 2018
• California’s other drought: A major earthquake is overdue
• Saudi Arabia has arranged to seize more than $100 billion in financial settlements related to its corruption purge
• Treasury expects to borrow $441 billion in first quarter
• Chinese provinces with GDP of six Australias cut 2018 growth targets
• U.S. budget deficit to top $1-trillion in 2019: budget experts
• Cape Town water crisis is credit-negative: Moody’s
• System Failure
• China unveils its Arctic ambitions, declaring it’s a “near Arctic state”

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