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(Thread IKs: fart simpson)
 
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Palladium
May 8, 2012

Very Good
✔️✔️✔️✔️

exmarx posted:

nz has pretty bad poverty rates

having a job just to pay rent is first world now

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Jose
Jul 24, 2007

Adrian Chiles is a broadcaster and writer
lmfao

https://twitter.com/osamabishounen/status/1592219495128793093?s=20&t=Cyf_XxViCpD7KAA9z6H2tw

Marzzle
Dec 1, 2004

Bursting with flavor

exmarx posted:

nz has pretty bad poverty rates

Slavvy posted:

NZ is a shithole in most ways, almost everything you know about it is marketing bullshit, relentlessly crushing the children of the poor is one of our national pastimes. We have been coasting on image and pretending to be grown ups for the past twenty odd years.

Palladium posted:

having a job just to pay rent is first world now

did NZ's property prices keep going up after people realized it wasn't going to be the last bastion of civilization during covid? is there some weird "investment" thing like in all those canadian cities (and also america but seems like a worse problem in canada)?

Slavvy
Dec 11, 2012

Marzzle posted:

did NZ's property prices keep going up after people realized it wasn't going to be the last bastion of civilization during covid? is there some weird "investment" thing like in all those canadian cities (and also america but seems like a worse problem in canada)?

They have never stopped going up afaik, covid was a blip but the system is fundamentally designed in a way that people perceive housing as a retirement investment vehicle so any reduction in property values or easing of the rental markets would effectively crater the economy. The government continues to insist the problem is a lack of housing supply as opposed to half of the country being rent slaves to the other half. The cost of the average house deposit long ago outstripped the median annual wage. The cost of living has also skyrocketed even if you ignore rent sucking up the majority of people's earnings. Canada is the most similar to us afaik. Our last chance to fix this was a government with a historical election mandate who proceeded to wring their hands and do nothing, all but ensuring we get a conservative neolib/libertarian hell fusion in the upcoming election.

Some Guy TT
Aug 30, 2011

Throatwarbler posted:

I think Some Guy TT is Korean American.

oh not at all i dont blame people for assuming that since its not like i had any good reason to do so much Korea stuff

Throatwarbler
Nov 17, 2008

by vyelkin

quote:


By itself, extending the due date for the bonds would have cost Gangwon a bit, but it would have stayed contained. Kim’s move, however, has shattered trust in government bonds. In the South Korean bond market, a local government guarantee was previously enough to ensure a bond got the highest rating, approaching the safety of South Korea’s national government bond. By withdrawing Gangwon’s guarantee, Kim demonstrated that a local government’s guarantee could evaporate for a purely political reason.

This would be a reckless move under any circumstances but nearly suicidal in the current economy. In order to curb inflation, the U.S. Federal Reserve has been aggressively raising the benchmark interest rate to remove liquidity from the market. The Bank of Korea, South Korea’s central bank, had to follow suit to prevent a rush of capital flight from South Korea to the United States. The result is a financial market starved of capital, with companies struggling to keep up with the sudden jump in the interest rate. Kim’s declaration all but threw a match into the dry winter forest that was the South Korean bond market.

Immediately, South Korea’s local government projects ground to a halt. As Gangwon did, South Korea’s local governments issue bonds with their guarantees attached to them in order to build infrastructure, public housing, and other large-scale projects. But Gangwon’s default made those guarantees worthless overnight. On Oct. 27, reports emerged that Incheon Housing and City Development Corp., a publicly owned company responsible for urban renewal for South Korea’s third-largest city, had abandoned a plan to issue bonds for affordable housing construction, as it expected no buyers. Out of the 60 billion won (about $44 million) worth of bonds issued by Gwacheon Urban Corp. (GUC) for public housing construction in a wealthy suburb of Seoul, 40 billion won in debt could not find a buyer—the first time in history that GUC failed to sell out its bonds.

But the fallout is not limited to local government bonds; it impacts the whole of South Korea’s bond market, worth more than $2 trillion. Corporate bonds are considered less safe than local government bonds. If few buyers are brave enough to buy local government bonds under these conditions, even fewer buyers can muster enough courage to buy corporate bonds. One of the safest corporate bonds in South Korea is issued by Korea Electric Power Corp. (KEPCO). The returns for KEPCO’s three-year bond had climbed from 2.184 percent to 5.825 percent since the beginning of this year. But in its latest issuance, the KEPCO three-year bond worth 200 billion won (about $146 million) could not find a buyer.


This is tremendous content.

stephenthinkpad
Jan 2, 2020
All British former colonies including HK have unreasonably high property price. It doesn't matter how empty the country is.

Cpt_Obvious
Jun 18, 2007

AnimeIsTrash posted:

libertarian guys with asian wives

lmao

fart simpson
Jul 2, 2005

DEATH TO AMERICA
:xickos:

AnimeIsTrash posted:

libertarian guys with asian wives

lol

Maximo Roboto
Feb 4, 2012

Marzzle posted:

also this showed me it's just some asean host country outfit and not an actual mao jacket :smith:



Spergin Morlock
Aug 8, 2009


look how happy Xi is. totally different vibe from when he shook Abe's hand

Spergin Morlock
Aug 8, 2009


Marzzle
Dec 1, 2004

Bursting with flavor


asean is a plot to harvest the funniest pictures of world leaders the conferences are just a cover

Cpt_Obvious
Jun 18, 2007


Imagine showing up to your important international diplomatic mission and mother loving Putin is wearing your outfit better.

AnimeIsTrash
Jun 30, 2018

Cpt_Obvious posted:

Imagine showing up to your important international diplomatic mission and mother loving Putin is wearing your outfit better.

Have you seen them wearing nehru suits?

AnimeIsTrash
Jun 30, 2018

Cpt_Obvious
Jun 18, 2007

Sailor Moon reboot looking.......old.

stephenthinkpad
Jan 2, 2020

These are some Robert Jordan fantasy covers.

Clever Moniker
Oct 29, 2007




stephenthinkpad posted:

These are some Robert Jordan fantasy covers.

looool

Slavvy
Dec 11, 2012

stephenthinkpad posted:

These are some Robert Jordan fantasy covers.

:lol::drat:

Southpaugh
May 26, 2007

Smokey Bacon


stephenthinkpad posted:

All British former colonies including HK have unreasonably high property price. It doesn't matter how empty the country is.

pretty much, Irelands in the same boat as NZ, Canada wherever, completely hosed property markets.

Vladimir Poutine
Aug 13, 2012
:madmax:
At the APEC 2007 summit all of the world leaders just wore a prominent Australian brand of raincoat because we don’t really have a culture to draw outfits from lol

e: there was also a cowboy hat that only Stephen Harper wore

gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy

Vladimir Poutine posted:

At the APEC 2007 summit all of the world leaders just wore a prominent Australian brand of raincoat because we don’t really have a culture to draw outfits from lol

e: there was also a cowboy hat that only Stephen Harper wore

???

fits my needs
Jan 1, 2011

Grimey Drawer
https://twitter.com/business/status/1592337925815025667?s=20&t=UyZco3u8Cz3tSQEGWfniDg

Random Asshole
Nov 8, 2010

Vladimir Poutine posted:

At the APEC 2007 summit all of the world leaders just wore a prominent Australian brand of raincoat because we don’t really have a culture to draw outfits from lol

e: there was also a cowboy hat that only Stephen Harper wore

Should have had them all dress like bogans.

e:

goddamn it

stephenthinkpad
Jan 2, 2020
Holy poo poo I had no idea Apec is such a meme.

But this is gangsta



Almost every year is embarrassing, however these fantasy "Chinese" dresses do look good

Cpt_Obvious
Jun 18, 2007


Captains log:

My new bathrobe came today.

gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy
https://twitter.com/xu_xiuzhong/status/1592126947039268866?t=EdZUCQoen4O0dwo-Ij3_Kw&s=19

stephenthinkpad
Jan 2, 2020
Who is this woman, a falun gong type? Iam not going to google her husband.

gradenko_2000
Oct 5, 2010

HELL SERPENT
Lipstick Apathy

stephenthinkpad posted:

Who is this woman, a falun gong type? Iam not going to google her husband.

ASPI lmao

Serf
May 5, 2011



xi don't read this






vicky, hello

Throatwarbler
Nov 17, 2008

by vyelkin
https://twitter.com/xu_xiuzhong/status/1592126936675155968

???

Cuttlefush
Jan 15, 2014

gotta have my purp

farming up the elemental essences for these is a pain in the rear end but it's so worth it

Marzzle
Dec 1, 2004

Bursting with flavor

what does this thread think of biden trying to resume cabinet level talks (halted in 2018 under trump from what I can tell but maybe it happened after that) with china? PBS news hour is touting it as averting a new cold war but I sorta feel like the USA is gonna keep ramping up defense industry stuff because ukraine is resulting in a bunch of javelin + friends factories getting dusted off. seems like everyone in europe wants to get in an order for 100+ himars and i'd imagine that will put pressure on the US gov't to keep escalating proxy conflicts

Marzzle
Dec 1, 2004

Bursting with flavor

also, how could xi possibly think the USA acts in good faith when a dude like trump can promise to gently caress with china just for the lulz and win an election off it (and absolutely will be doing that for 2024)? is china just paying lip service to deescalate in ukraine?

An Jung-geun
Sep 2, 2022

Marzzle posted:

what does this thread think of biden trying to resume cabinet level talks (halted in 2018 under trump from what I can tell but maybe it happened after that) with china? PBS news hour is touting it as averting a new cold war but I sorta feel like the USA is gonna keep ramping up defense industry stuff because ukraine is resulting in a bunch of javelin + friends factories getting dusted off. seems like everyone in europe wants to get in an order for 100+ himars and i'd imagine that will put pressure on the US gov't to keep escalating proxy conflicts

The great thing about nukes, is that death and destruction resulting from a war directly threaten the political elite, whereas with conventional warfare all the dying and suffering apply only to commoners. Biden and Xi are turning down the temperature because neither wants to get into a direct conflict with the other where nuclear weapons may end up being used over an island that's strategic and useful but honestly not strategic or useful enough to risk MAD.

A new cold war will still start. Decoupling will still happen. The trade and technology war will ramp up. The US will try even harder to make other countries take a side. Most of the global south will still try to stay neutral.

This is just to make sure the neo cold war doesn't turn hot.

Marzzle posted:

also, how could xi possibly think the USA acts in good faith when a dude like trump can promise to gently caress with china just for the lulz and win an election off it (and absolutely will be doing that for 2024)? is china just paying lip service to deescalate in ukraine?

Xi obviously doesn't. Read his work report at the party congress; he's extremely realistic about the US and its motives. The US wants to make China poorer and weaker, and China will try to prevent that. But a war over Taiwan is lose-lose and there's a zone of possible agreement here where both sides stop escalating.

edit:
Also I suspect Xi is genuinely getting sick of the Ukraine war, so the US sees an opening there. The war has probably been a net benefit for China so far in that it made Russia weaker and more reliant, it made the US show all its cards so China can better prepare for a Taiwan contingency, and it gave RMB internationalization a significant boost.

But the war dragging on doesn't give China any additional benefits. Instead, the war is loving with commodity prices and all of China's trains to Europe and causing all sorts of other economic problems. Besides, China actually had a decent relationship with Ukraine, less good after 2014 but still reasonable. And during the century of humilation China lost more land to Russia than any other country and China hasn't forgotten. China hasn't recognized the Crimean annexation or any of the Russia-backed breakaway regions.

An Jung-geun has issued a correction as of 07:32 on Nov 15, 2022

PiratePrentice
Oct 29, 2022

by Hand Knit
What's the political climate like in modern Taiwan anyways, is it like most of the global South watching the beginning of the end of the West and realizing that they're eventually going to have to reunite with China or is it more of a Ukrainian death cult thing where they'd rather die in nuclear hellfire than do the obviously smart thing?

Doktor Avalanche
Dec 30, 2008

AnimeIsTrash posted:

libertarian guys with asian wives

stephenthinkpad posted:

These are some Robert Jordan fantasy covers.

lol

An Jung-geun
Sep 2, 2022

PiratePrentice posted:

What's the political climate like in modern Taiwan anyways, is it like most of the global South watching the beginning of the end of the West and realizing that they're eventually going to have to reunite with China or is it more of a Ukrainian death cult thing where they'd rather die in nuclear hellfire than do the obviously smart thing?

Going by polling and social media, I'd say it's pre-National Security Law Hong Kong, where most of the older generation wants the status quo but much of the younger generation has bought into Western neoliberal propaganda line and hook. Again like the Hong Kong protestors, a lot of pro-DPP Taiwanese think that the US will show up to save them and the CCP will just fold and let Taiwan go if they make a push for independence. The DPP actually had a much bigger role in fomenting the HK protests than any Western country, even considering the hilarious fact that this very thread saw US diplomats actively coordinating with foreign citizens in HK to facilitate HK riots.

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genericnick
Dec 26, 2012


https://twitter.com/SebastianAFP/status/1592337180247982080?s=20&t=am1b-CXRFZ0BfB7hl_1sfQ

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