Miscellaneous News

[Nobo]

Inflation not hot enough? Hold my beer...

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IMO, prob should of focus on why College is so expensive and fix that while also making intrest %0 for loans. People taking loans today will be stuck in the same situation when they graduate!

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Forgiving 10k? Their breakfast bills would be bigger

 

[FriedButter]

Inflation not hot enough? Hold my beer...

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IMO, prob should of focus on why College is so expensive and fix that while also making intrest %0 for loans. People taking loans today will be stuck in the same situation when they graduate!

If Biden can do this then I am expecting to see a huge bribe in 2024 before the election and probably a good increase in national debt while not fixing the core issue. The price for college is about to skyrocket by 2024.

 

[MortyandRick]

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What's going on here? Can't say Iran is doing this by it's own without discussing Russians

Fun part from the article

The official said Iran could help relieve the price pressure by exporting more gas to Europe but pointed out that the Europeans had done this to themselves. He also predicted that oil and gas buyers would face a difficult winter this year.

 

[Minm]

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What's going on here? Can't say Iran is doing this by it's own without discussing Russians.

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This is gonna be fun to watch.

Plus

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View attachment 96094

Iran is an independent country and will do business with anyone willing. Russia's loss in the European market will be Iran's gain, while the opposite happens in the Chinese market which Iran will have to cede to Russia

 

[MortyandRick]

Iran is an independent country and will do business with anyone willing. Russia's loss in the European market will be Iran's gain, while the opposite happens in the Chinese market which Iran will have to cede to Russia

Hence why Europe wants to finish the Iran nuclear deal but US is dragging it's feet. Lol

 

[baykalov]

From Russian Sputnik's unofficial Telegram channel. Today is Ukraine's 31st Independence Day.

31 years of economic suicide

In 1990, Deutsche Bank predicted the economic prospects of each Soviet republic.

Ukraine had the greatest potential in that forecast. But something went wrong.

What happened to the Ukrainian economy in the first years of independence has no analogues in world history. From 1990 to 1994, the gross national product decreased by 44%, the volume of industry — by 41%, national income — by 54%.

For understanding: during the Great Depression in the United States, the decline in production did not exceed 25%, and in the USSR during the Second World War, the maximum drop was 30%.

Ukraine is the only republic of the former USSR that has not yet reached the level of 1990.

According to the annual well-being rating of residents, Ukraine has moved from 43rd to 74th place since independence.

But in some places it was still possible to become a leader. For many years of independence, Ukraine has been regularly on the list of the poorest countries in Europe, fighting for leadership.

Independent demographic pit

31 years ago, Ukraine seceded from the USSR with 52 million citizens.

Since then, the Kiev authorities have managed to lose more than 20% of the population — at the beginning of 2022, a little more than 41 million people remained in the country.

That is, during the years of independence, Ukraine lost 2-5 times more people than died during the so-called "Holodomor", which the Ukrainian authorities call "genocide".

At the same time, experts (including Ukrainian ones) believe that in fact much fewer people live in Ukraine, and about 7-9 million permanently live abroad.

According to the UN, in 1989 the annual population growth in Ukraine was 0.5%. By the end of 2021 – minus 0.7%.

Before the events on the Maidan, this figure was minus 0.2% per year.

In the entire history of Ukraine's independence, the population in the country did not decrease only for the first three years.

In debt, as in silk trousers

At the time of the collapse of the USSR, Ukraine was one of the richest republics in the Union.

Having inherited an impressive industrial, infrastructural, energy and other bases, the young independent state began its journey without debts.

Russia assumed all the obligations of the USSR (Kiev, by the way, did not transfer the foreign property promised in return to Moscow).

But then something went wrong:

▪The state debt of Ukraine has been constantly growing and continues to grow until now. The IMF predicts that this year it will increase to 86.2% of the country's GDP.

At the same time, an indicator of 60% is considered a foreign country for Ukraine, then bankruptcy may follow, which Kiev can avoid only with external financial assistance.

And it's not just about the special operation — it happened before. For example, in 2014, the indicator reached 70% and Kiev paid off its debts at the expense of international partners.

But will they have enough funds to help Kiev.

The decline of Ukrainian science – there is still a place to fall

31 years ago, Ukraine seceded from the USSR with a serious research base, a large number of scientists and universities.

However:

Having gained independence, Ukraine has sharply reduced research funding.

There have been fewer and fewer researchers in Ukraine for 31 years.

A new wave of cuts has covered Ukraine since 2013. Scientific organizations began to close, or due to insufficient funding, employees were transferred to part-time work.

Up to 2013, the costs of research and development (R&D) in the country exceeded $1 billion. But in 2020, Ukraine has already spent about half as much on R&D — $631 million.

In 2020, according to the Ukrainian GMK Center, Ukraine spent only 0.41% of its GDP on R&D (in 2010, the figure was 0.75%).

This is catastrophically small. In developed countries, R&D costs are much higher, on average they range from 1% to 5%.

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[Zindabad]

https://twitter.com/i/web/status/1562390116026425344

Singapore's Foreign Minister. I guess there are still some sane voices in Singapore. Maybe he's the only one left! @dengyeye

 

[pmc]

Iran is an independent country and will do business with anyone willing. Russia's loss in the European market will be Iran's gain, while the opposite happens in the Chinese market which Iran will have to cede to Russia

They are exempt from OPEC+ quota. they can produce as much as technically feasible.

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Under the OPEC+ agreement, Iran is exempt from a production quota, but its oil exports have been severely hit due to sanctions reimposed by former President Donald Trump in 2018 after the US abandoned the nuclear deal.

 

[supercat]

https://twitter.com/i/web/status/1562390116026425344

Singapore's Foreign Minister. I guess there are still some sane voices in Singapore. Maybe he's the only one left! @dengyeye

George Yeo is one of the former Singaporean Foreign Ministers and a Cabinet member for 21 years. According to him, the U.S. hasn't learned what China realized 2,000 years ago:

https://twitter.com/i/web/status/1562390052826652672

I guess some S. Koreans are nationalist extremists.

https://twitter.com/i/web/status/1562480503046868996

 

[baykalov]

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Emmanuel Macron has warned the French they are facing sacrifices and what he called the “end of abundance”, at his government’s first cabinet meeting after the summer holidays.

The president, speaking before ministers at the Élysée, said the country was at a “tipping point” and faced a difficult winter and a new era of instability caused by climate change and Russia’s invasion of Ukraine.

His cautionary and sombre speech, which was immediately criticised by opponents as ill-judged and a snub to the country’s out-of-work and poor who had already made sacrifices, came after a summer of extreme temperatures, widespread wildfires, drought and storms.

Macron said

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and the French felt they were living through a series of crises, “each worse than the last”.

“What we are currently living through is a kind of major tipping point or a great upheaval … we are living the end of what could have seemed an era of abundance … the end of the abundance of products of technologies that seemed always available … the end of the abundance of land and materials including water,” he said.

Macron added that France,

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and the world had perhaps been too “insouciant” about threats to democracy and human rights and the “rise of illiberal regimes and strengthening of authoritarian regimes”.

“This overview that I’m giving, the end of abundance, the end of insouciance, the end of assumptions – it’s ultimately a tipping point that we are going through that can lead our citizens to feel a lot of anxiety. Faced with this, we have a duty, duties, the first of which is to speak frankly and clearly without doom-mongering,” he said.

Philippe Martinez, the secretary general of the powerful CGT union, said Macron’s comments were “misplaced” and that many in France had never known abundance.

“When we talk about the end of abundance, I think of the millions of unemployed, the millions of those in a precarious situation. For many French people, times are already hard, sacrifices have already been made,” Martinez said.