Miscellaneous News

daifo

Major
Registered Member

tygyg1111

Captain
Registered Member
Good article. I had always suspected that the European luxury fashion brands are priced more for their brand than their material. I've had a chat with an Italian guy about this. He told me that an average fashion student in Italy could recreated those fine leather products from LVMH for a fraction of the cost. He also said that those big Italian fashion brands have much bigger outlets in Asia than back at home. So their target market is actually abroad, not at home. In our Asian societies, these luxury items are more important as status symbols, than the actual products.

I have 2 funny examples:

I had a friend who bought an LV T-shirt to join a clique of people. That T-shirt costed him more than 10x the price of an average-branded t-shirt. Yet it's little more than a heat-pressed T-shirt. He had to use a credit card to buy that thing, as it costs him as much as his monthly wage. But it was worth it for him. He found his future wife from that clique of people. Whatever we want to say about that, that is his life, and he looks happy, as far as I'm concerned.

I had another friend who upgraded from a Lexus to a Lamborghini. He is no average dude, but he can barely afford that car. No doubt that the Lamborghini vastly outclasses the Lexus on paper. But maintaining and fueling that Lamborghini also vastly outclasses the Lexus. That Lamborghini ended up being a garage queen. And when my friend took it for a spin, he never drives above 100km/h. So it kinda defeats the purpose of owning that kinda car. He had to get another Suzuki to become his everyday car. But then again, that Lamborghini elevated his social status. He can now enter places and join cliques that he couldn't before.

I grew up admiring and aspiring to own some of these European luxury stuff. But now that I've heard from people who have reached there, the picture is not that rosy after all. This dream that the West sells to us, about buying their nice cars, nice house, nice clothes, etc. I think it misdirects alot of society to pursue these things for little reason other than status. While at the same time, the Western luxury businesses make huge money out of them. They won't care if you took a loan to buy them, bought it with clean cash or with dirty cash. It is not wrong to buy and own luxury stuff from the West, but I think our Asian societies should moderate our obsession with them. People can buy and enjoy them as they are, but these things should not become a social status for them. People have taken loans, cheat, steal, and sometimes murdered to get these luxury goods.
Fyi - the majority of branded goods are priced this way, especially consumer products. I ignore the label and just test function, materials / ingredients and country of manufacture (wages as percentage of total cost).
 

sndef888

Captain
Registered Member

U.S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China​

wsj
4 min read 12 Jun 2023, 05:52 PM ISTThe Wall Street Journal

The Biden administration plans to allow top semiconductor manufacturers from South Korea and Taiwan to maintain and expand their existing chip-making operations in China without U.S. reprisals, according to recent remarks by a senior Commerce Department official.
The US finally realised their sanctions are backfiring?
 

Sardaukar20

Captain
Registered Member
If you only noticed it now I don't know what to tell you. I struggle to come up with a luxury item that is other way around.
Well we all have to learn one way or the other. Back in the 90s, who wouldn't aspire to get a Porsche? Sometimes it takes experience to wake people up. Only when we start buying these luxury stuff, that's when we find out the truth behind the myth.

Yes, there are luxury items that are worth their money. Boutique luxury items. Not branded, so not so crazy expensive. But with quality that can rival or exceed the branded stuff. Experienced buyers look for these things. Just avoid the branded and popular stuff, and there are plenty of hidden gems. Let the fools chase the branded stuff.

For example, boutique wines from small, but talented winemakers. They don't get much publicity, so they are usually priced more fairly. Is this capitalistic nonsense? I don't think so. The buyer is actually helping the small guys with genuine talent to get the recognition and business they deserve. At the same time, the buyer gets a bargain. Win-win.
 

FriedButter

Colonel
Registered Member

That billion dollar propaganda fund by the US Congress demands to see products

US Propaganda being made with AI generated images? Future US elections is certainly looking bright.

edit: bit of context. The original video did not contain any warning it had AI generated images. It was flagged by twitter couple days later.

DeSantis campaign reportedly uses A.I.-generated images to attack Trump​

A.I. is apparently poking its way into the 2024 presidential election.

A division of the Ron DeSantis campaign has tweeted a video that reportedly includes images showing Donald Trump hugging Dr. Anthony Fauci. Those images appear to be created by artificial intelligence and never occurred, AFP first reported, citing media forensic experts.

The tweet originated from a group called DeSantis War Room, which news outlet Semafor describes as “the campaign’s primary vehicle for Twitterfights with Trump’s supporters.” The video was flagged with a warning reading: “This video contains real imagery interspersed with AI-generated imagery of Trump hugging and kissing Dr. Anthony Fauci without noting they are fake.” However, there are concerns people will believe the images are real nonetheless.

The pictures, which are mixed with real images of Trump, are part of a video that contrasts Trump’s days as a reality TV star “firing” people on The Apprentice with “real life Trump” who kept Fauci on the job, even as he became a polarizing figure during the heart of the COVID-19 pandemic.
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ACuriousPLAFan

Brigadier
Registered Member
Oof...


Looks like a not-so-significant - Yet razor-sharp - Warning shot from China to Japan - Especially when considering that this came from President Xi himself.

Kinda hints to Tokyo: "If you keep messing with Taiwan (and the Diaoyus), then we'll make sure that the Ryukyus will become permanently lost to you once we are done with Taiwan (and you)."
 
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tokenanalyst

Brigadier
Registered Member

Experts warn of ‘one of the most dangerous periods in human history’ amid nuclear arsenal development.​

A group of experts warns that that the development of nuclear arsenals is leading to a perilous period in history.

“We are drifting into one of the most dangerous periods in human history,” Dan Smith, director of the Stockholm International Peace Research Institute, said in a statement. “It is imperative that the world’s governments find ways to cooperate in order to calm geopolitical tensions, slow arms races and deal with the worsening consequences of environmental breakdown and rising world hunger.”​
The report noted that the United States and Russia have nearly 90 percent of all nuclear weapons across the globe.

China has increased its arsenal from 350 warheads to 410 warheads in 2023, a move that the report said could signal that China may have as many intercontinental ballistic missiles (ICBMs) as either Russia or the United States by 2030.
“China has started a significant expansion of its nuclear arsenal,” said Hans Kristensen, a fellow at the organization’s weapons of mass destruction program. “It is increasingly difficult to square this trend with China’s declared aim of having only the minimum nuclear forces needed to maintain its national security.”

The report said that India and Pakistan were both expanding their arsenals, as well as North Korea. The report added that it estimated North Korea may have assembled about 30 warheads and has enough material for between 50 and 70 warheads.

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