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FriedButter

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Lmao. The Russians don’t want the Indian Rupees. Yuan, Dirhams, or something else another than Rupees.

With a high trade gap in favour of Russia, Moscow believes it will end up with an annual rupee surplus of over $40 billion if such a mechanism is worked out and feels rupee accumulation is 'not desirable', an Indian government official, who did not want to be named, told Reuters.
Russia is not comfortable holding rupees and wants to be paid in Chinese yuan or other currencies, a second Indian government official involved in the discussions said.
 

FriedButter

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Would certainly drink a beer ! It's more the US citizens that will pay...

IF it downgrades US Credit Rating, it could cost the government and ordinary consumers billions of dollars by jacking up interest rates the U.S. must pay on its debt and a host of rates consumers pay for items such as mortgages, car loans and credit cards.

Other countries could get the downfall too...US debt annulation maybe. In the worst scenario, like we have seen in history, some country unable to pay debt have gone to war in the past to bypass their obligations.

I think it’s more likely they will cut or halt interest rates hikes. You can’t jack up interest rates if the government can’t pay for it. Beside that, the treasury yields will likely collapse, the value of the dollar will slowly decline, US stock market plunges until they raise the ceiling. However, I wouldn’t expect it to last more than couple or few months in a default scenario. Someone will eventually balk at the negotiation tables… especially with the 2024 election around the corner.

Oh beside that. It may further deepen the slow moving banking crisis into the 2024 election. Regional bank runs will 100% evolve into national bank runs.
 

Strangelove

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They know it's Game Over for Japan.

That forest at the foot of Mount Fuji may get crowded real soon...


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Almost half of young people in Japan have had suicidal thoughts, survey finds​

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May 4, 2023

Almost half of young people in Japan have had suicidal thoughts, according to a survey by the Nippon Foundation, with a majority of those respondents saying they did not speak with anyone about their feelings.

The report based on the survey, which sought responses from 501,018 people between the ages of 18 and 29 in November and received valid responses from 14,819, was released last month and found that 56.6% of those who had suicidal thoughts did not speak to anyone about it, while 12.4% of people said they opened up to friends and 11.7% to their mothers. More than half of the respondents were unaware of organizations or support groups that help those with suicidal thoughts.

Overall, the report showed that 44.8% of respondents had experienced suicidal ideation, citing difficulties in their relationships with others, bullying and anxiety over their future employment or educational prospects. Among those who had suicidal thoughts, 40.8% said they had prepared to take their own life or attempted it.

The number of respondents to the questions on suicidal ideation was 14,555.

Of those who identified as LGBTQ, 59.4% experienced suicidal ideation. For transgender and nonbinary people specifically, who made up 10% of respondents, 52.4% experienced suicidal ideation. The figure was 41.3% for people who identified as cisgender — those whose gender identity matches the sex they were assigned at birth.

People who have experienced sexual abuse were more likely to have reported suicidal thoughts, with the figure reaching 76.4%, compared with 39.3% for those who had not experienced sexual abuse. The survey found that 15.3% of respondents had experienced sexual abuse.

According to health ministry data, suicide was the leading cause of death for young people from 2019 to 2021.
 
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baykalov

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China said it did not endorse describing the Ukraine conflict as "aggression by the Russian Federation" by voting in favour of a UN resolution last week.

"China's position on the Ukraine issue has not changed, and the voting position has nothing to do with the phone call between the two heads of state," the Permanent Mission of China to the United Nations said on Tuesday in an emailed reply to queries.

The mission was referring to China's vote on a resolution in the UN General Assembly on April 26, and a conversation between Chinese President Xi Jinping and Ukrainian leader Volodymyr Zelenksy the same day.

China's vote drew attention since the resolution described Russia as the aggressor in the conflict - language Beijing has not used. China has never condemned Russia's attack on Ukraine and has been criticised by the West over its stance on the war.

The vote's timing - just hours after Xi and Zelensky spoke for the first time since the Russian invasion - also raised questions over that position.

European Union foreign policy chief Josep Borrell tweeted on Wednesday that the bloc welcomed the resolution and that it was supported by its Group of 20 partners including China, Brazil, India and Indonesia.

But Beijing's mission to the UN denied there was any change to China's position.


"The 'yes' vote was a vote on the entire text of the resolution and cannot be considered an endorsement of that paragraph," the mission said.

China had abstained from an earlier vote on whether to keep the paragraph in the preamble that said Europe faced unprecedented challenges following Russian aggression against Ukraine and Georgia.
 

FriedButter

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The report based on the survey, which sought responses from 501,018 people between the ages of 18 and 29 in November and received valid responses from 14,819, was released last month and found that 56.6% of those who had suicidal thoughts did not speak to anyone about it, while 12.4% of people said they opened up to friends and 11.7% to their mothers. More than half of the respondents were unaware of organizations or support groups that help those with suicidal thoughts.

Overall, the report showed that 44.8% of respondents had experienced suicidal ideation, citing difficulties in their relationships with others, bullying and anxiety over their future employment or educational prospects. Among those who had suicidal thoughts, 40.8% said they had prepared to take their own life or attempted it.

If I did the math right. Of the ~500,000 people who took the survey. About ~115,000 had prepared or attempted suicide, which is a ~23% rate. It is that high? Wow.
 
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