Miscellaneous News

FriedButter said:

The same person said that OceanGate didn’t do any testing on the hull in their lawsuit. Alongside the 2 inch thinner than expected hull from 7 inch -> 5 inch. This lawsuit was settled out of court.



The company also gloated that it designed and engineered by the University of washington*… except they said they never did other then testing it in shallow waters.

Please, Log in or Register to view URLs content!

Click to expand...

FriedButter said:

Coastguard has found a debris field within the search area and that it is near the Titanic.

https://twitter.com/i/web/status/1671907901542211584

Click to expand...

FriedButter said:

Coastguard has found a debris field within the search area and that it is near the Titanic.

https://twitter.com/i/web/status/1671907901542211584

Click to expand...

Titan sub debris field: Parts of missing sub's cover found, expert says​

Debris has been found in the search for the missing Titan submersible, reportedly including parts of its outside cover. Dive expert David Mearns told the BBC the president of the Explorers Club - which is connected to the diving community - says the debris includes "a landing frame and a rear cover from the submersible".

Please, Log in or Register to view URLs content!

Click to expand...

Helius said:

All sorts of memes are popping (!) up on Reddit about the sub. It seems the folks over there have no love lost over rich people dying 10k ft underwater.

Click to expand...

Helius said:

All sorts of memes are popping (!) up on Reddit about the sub. It seems the folks over there have no love lost over rich people dying 10k ft underwater.

Click to expand...

ACuriousPLAFan said:

https://twitter.com/i/web/status/1671402568835125260

Wait... so tell me, how does an Indian low-cost carrier airline buying large number of A320s even remotely relates to "taking on China for dominance of Asian skies" at all??!
View attachment 114809

Click to expand...

India taking rupee global to grab piece of dollar trade – ex-central banker​

The Indian rupee’s global ambitions could ease trade settlements with other nations, a former official from the country’s central bank has said.

Asia’s third-largest economy, and one of the world’s fastest growing, is pivoting away from its dollar dependency to ensure its foreign exchange reserves remain stable. Last month, India’s forex reserves edged up to nearly $600 billion, a one-year high.

“India is trying to make the rupee easier to be a currency of transaction and payments with its partners for its own trading needs,” Usha Thorat, a former deputy governor at the Reserve Bank of India (RBI), said in an interview with Bloomberg’s Rishaad Salamat and Haslinda Amin on Thursday. She claimed, however, that “India is not aspiring to make the rupee a reserve currency.”

The use of the rupee as a trade settlement alternative augurs well for countries facing a shortage of the greenback in Asia, Africa and beyond, while a paradigm shift in policy mechanism could shield Indian trade and businesses from exchange risks amid global volatility.

Thorat, who served at the RBI for five years until 2010, also weighed in on India’s global trade prospects, and said its current share of world trade, both exports and imports, is around 7%. “Similarly the share in financial flows is also around the same. It will take a long time for India to get a dominant position in global trade,” she added.

However, earlier this year, M Rajeshwar Rao, a deputy governor of the RBI, insisted that India needed to gear up to manage the inevitable volatility that would emerge in the foreign exchange market as the country progresses further towards internationalization of the rupee.

“It is now widely accepted that while internationalization and a freer capital account comes with its own set of benefits, it is not without risks,” he warned. Rao did not elaborate on how to manage the dangers, but explained that “freer capital flows come with their own set of challenges, the primary one being that of volatility and we need to gear up to manage that.”

Meanwhile, India’s rupee trade settlement mechanism, which was set up by the RBI last July, is attracting several countries. Russia has pivoted towards this payment arrangement following US-led Western sanctions imposed after Moscow launched its military operation in Ukraine.

The de-dollarization bid is a win-win for countries such as sanctions-hit Russia and bankrupt Sri Lanka because it saves conversion expenses and acts as a buffer against foreign exchange rate fluctuations.

So far, 35 nations have expressed interest in better understanding the rupee trade mechanism. The rupee’s bid to become an international currency is likely to reduce India’s growing trade deficit, which stood at $22.12 billion until last month, and also make it stronger in a global market that is facing hyperinflationary headwinds from the West since the Ukraine crisis erupted.

According to the RBI, trade settlement in rupees would reduce dependencies on fully convertible currencies such as the dollar, euro and yen. The Indian rupee’s globalization move could not have been timed better as there has been a significant jump in trade in oil and other

Click to expand...

Meanwhile, India’s rupee trade settlement mechanism, which was set up by the RBI last July, is attracting several countries. Russia has pivoted towards this payment arrangement following US-led Western sanctions imposed after Moscow launched its military operation in Ukraine.

Click to expand...

LawLeadsToPeace said:

It's Reddit. They are typically young American Zoomers and Millenials who despise the older generations since they believe that the older generations put them in the current financial mess. Oh and whenever you mention something good about China, they get an aneurysm and start attacking you.

Click to expand...

LawLeadsToPeace said:

It's Reddit. They are typically young American Zoomers and Millenials who despise the older generations since they believe that the older generations put them in the current financial mess. Oh and whenever you mention something good about China, they get an aneurysm and start attacking you.

Click to expand...

azn_cyniq said:

You're absolutely right.

If your salary is $140,000 a year in San Francisco (this is well above the median salary in San Francisco), you'll end up with around $95,000 after taxes. A decent studio apartment in San Francisco costs at least $3500 a month, or $42,000 a year. If you don't feel like paying this much money, you'll have to live with multiple roommates or deal with a long (probably more than 2 hours per day) commute. Now you're left with $53,000. If you're frugal, you'll spend around $20 a day on food or $7300 a year. If you're lucky, you'll spend around $3000 a year on utilities and gasoline in San Francisco. I'll assume you already have a car. Now you're left with $42,700. Not bad.

If you're able to keep your job for the next 7 years, you'll have enough money for the down payment for a $1.5 million house in the Bay Area. A house worth less than that in the Bay Area is probably not suitable for raising a family. 7 years without eating out a single time, going on a single trip, or spending a single dollar to entertain yourself, and you can finally pay the down payment on your dream home (which probably isn't all that great). Now you can look forward to paying $10,000 a month for the next 30 years to pay off your mortgage.

If you don't want to spend your next 37 years like this, I guess you're a loser (according to another user).

Click to expand...