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pescetarian , to worldnews in Russia officially pulls out of Ukraine grain deal
@pescetarian@lemmy.ml avatar

Considering the hatred and malice that the progressive West shows towards Russia and the Russian people… nothing surprising.

BrikoX OP ,
@BrikoX@lemmy.zip avatar

Most of those grains were going to Africa which Russia pretents to be best friends with, so I’m not sure how they showed progressive West anything really.

Crackhappy , to worldnews in Evergrande: Crisis-hit Chinese property giant reveals $81bn loss
@Crackhappy@lemmy.world avatar

That actually sounds far less than I expected.

MustrumR ,

Probably far less than it is. Number sheets coming from any non easily verifiable, complicated reporting made in China are an estimate in the favor of the reporter. Cheating one another and especially the system is a national sport.

gary_host_laptop ,
@gary_host_laptop@lemmy.ml avatar

Dios no hay nada mas insufrible k estos yankis con el cerebro quemado

freagle ,

What a fucking racist sinophobic thing to say after the North Atlantic has experienced the LIBOR scandal, the Madoff scandal, the Enron scandal, the 2008 subprime scandal, the Theranos scandal, the FTX scandal, the Volkswagen Dieselgate scandal, the drug money laundering scandal, the WorldCom scandal, the Wirecard scandal, the Hurricane Katrina fraud, the multiple COVID profiteering fraud, the revelations in the Panama Paper, the revelations in the Swiss Leaks, the revelations in the Paradise Papers, the revelations in the Bahamas Leaks, the revelations in the FinCEN files, the revelations in the Pandora Papers, the revelations in the Suisse Secrets, the Qatargate scandal, the WeWork scandal, the Jack Abramoff scandals, the kids-for-cash scandal…

And this doesn’t even get into the bog standard behavior of market manipulation by hedge funds, the theft of property from citizens by police rivaling and sometimes exceeding the annual theft of property by criminals, the billions in annual wage theft, the behavior of the North Atlantic multi-national oil companies, the behavior of the North Atlantic coal companies, the behavior of the North Atlantic weapons manufactures, the behavior of the North Atlantic war-chasing reconstruction consultants, the behavior of American monopolists, the insider trading of American politicians, the billions in legal bribery we call lobbying, Forbes literally writing an article that it was impossible to keep up with all the corporate accounting scandals so they tried to make a running list and just stopped updating it in 2002.

Fuck off with your bigoted bullshit.

Blursty ,
@Blursty@lemmygrad.ml avatar

Go back to reddit Adolf.

morry040 ,

As with any data out of China, it would be underestimated or unreliable, but yes, it seems like it should have been larger.

The metrics in the latest RBA chart pack were not encouraging either.
https://www.rba.gov.au/chart-pack/pdf/chart-pack.pdf?v=2023-07-18-17-40-13

freagle ,

You do realize that there is a financial sector that invests both domestically and internationally? If literally everything was unreliable, it would be nigh impossible for investors to turn a profit.

HobbitFoot ,

There is a financial sector in China, but the sector is much smaller than other countries because it is considered less trustworthy.

Joncash2 ,

Ah yes, the country with the 3rd largest stock exchange is clearly much smaller than other countries.

en.wikipedia.org/wiki/List_of_stock_exchanges

What are you smoking and where can I get some?

morry040 ,

Not every sector of the economy is questionable, but where data heavily overall metrics like GDP, there have been well-documented issues of data integrity. For example, population counts.

This research paper from 2013 shows many more examples of discrepancies.

freagle ,

The “discrepancies” you refer in this state-sponsored research paper published by a hostile, violent, authoritarian, genocidal, regressive, and oppressive regime that has held power in its country for decades is hardly to be trusted at face value. This authoritarian country has a cultural history of lying, cheating, and manipulating the truth for their own personal and racist objectives. It’ll take a long time before a country like that will be civilized enough to be trustworthy. That said, if you actually READ the report, it talks about primarily logistical issues, 2 political events (GLF and Tienanmen) that have absolutely nothing to do with the trustworthiness of the their data but rather are quite literally propagandistic elements to make the reader BELIEVE that Chinese reporting is somehow more untrustworthy than the author’s of the paper when when the number of examples of falsified data coming out of their own country could fill multiple volumes.

Meanwhile, most of the report is about potential discrepancies, not actual discrepancies, with very few examples peppered throughout to make it seem like they’re saying more than they are.

At the same time, China literally publishes five-year plans, executes on them, reports on them every year, then publishes new five-year plans. How much more transparent than literally every other nation on the planet could China be before you admit you’re wrong? Do they need to build a massive surveillance project and ghettoize all of their lumpen so they can get you accurate population counts like the North Atlantic countries do?

morry040 ,

Regarding transparency, governments such as the US, UK, and Australia publish not only the results of metrics like inflation but also the methodology applied to determine the results.
https://www.bls.gov/cpi/methods-overview.htm
https://www.ons.gov.uk/economy/inflationandpriceindices#methodology
https://www.abs.gov.au/methodologies/consumer-price-index-australia-methodology/mar-quarter-2023

Can you direct me to the resource where I can find a similar level of detail for the Chinese economy?

freagle ,

Nope. Why are those specific metrics more important than 5-year plans? What makes it “more transparent” instead of simply “more accurate”? Who are the publications for? Private investors trying to make a profit? Is it possible that China isn’t willing to put as much effort into reporting for that purpose? Why can’t the US, UK, and Australia publish 5-year plans?

morry040 ,

Why are those specific metrics more important than 5-year plans?

Because a plan is just an intention or wishful thinking. Inflation data is an actual, measurable result.

Inflation data is one of the most common economic measurements and it can be reasonably expected that every country should be able to not only report on the inflation metric itself, but provide details on the measurement and the methodology used so that every country, globally, knows that the metric reported by each country is transparent and credible. Understanding the methodology then allows analysts to investigate the underlying drivers of the inflation result, confirm its accuracy, and compare it between countries by using similar methodologies.

Simply put, if a country can't provide detailed explanations on how they determine an important metric like inflation, then what does that suggest about other metrics or results that they share?

freagle ,

Inflation is pretty fraught. No one seems to have a good grip on what to do with it. There’s multiple ways for every country to measure inflation, most them have to do with the prices of specific categories of goods. How does that work when most of the goods used for an index are price controlled? How do you measure such a thing when prices are driven by both market dynamics and public policy?

Harping on inflation is sort of like saying China should be paying attention to yardage gains on the gridiron while they’re busy playing baseball. China is playing a fundamentally different game than the North Atlantic. Part of that game is trapping capitalists by incentivizing them to invest without it being in the capitalists’ long term interest. Of course there’s going to be a difference between Chinese financial reporting and European - China is trying to undermine the European world order using European money freely given by Europeans (and their settler descendants).

That doesn’t mean they are fudging numbers and completely incapable of getting accurate information. It just means their focus is different and they’ll only put in the effort they have to in order to attract investment. The rest of their efforts are going towards building and executing 5-year plans that actually contribute to their society and preventing the North Atlantic from infiltrating, invading, starving or nuking them.

But yeah, ok. They could report inflation numbers better. Why don’t you go talk to people who moved their businesses to China or invest billions in China and see if they think your complaint matches their reality. Until then, you’re literally picking at nits.

freagle ,

Also, the 5-year plans are tracked and reported on. They are consistently delivered on. When there is variance that variance is analyzed and the learnings are incorporated into future plans. They’ve been doing this for decades. It’s not wishful thinking.

cleric_splash ,

You do realize

He does but narrative > logic, he doesn’t believe his own words.

flipht , to worldnews in Evergrande: Crisis-hit Chinese property giant reveals $81bn loss

Damn, Elon been moonlighting?

ivanafterall ,
@ivanafterall@kbin.social avatar

Maybe once you've tasted the very top, you want to taste the bottom. Wait.

xavier666 ,

That sounds so wrong

JJROKCZ , to worldnews in Ukraine war: Russia says Crimean bridge partially open to cars again

Uh huh, you first comrade

_wintermute , to news in Typo sends millions of US military emails to Russian ally Mali

Lmao this is such a clown show. As a infosec professional I would have been fired so long ago in the private sector for allowing stupidity to get this far with regards to critical data leakage. As another user pointed out, we have had the technology for decades to prevent this kind of thing, but apparently the geriatrics at the DOD haven’t figured it out yet. Bunch of clowns with their CEH looking at each other for instruction.

cityslicker343 , to worldnews in California crews battle wildfires in extreme heat
@cityslicker343@lemmy.world avatar

Fire attack is a 24 hour operation, day and night. Aircraft typically won’t fly at night but the fire activity usually slows at night as temps go down and relative humidity go up. A lot of back burns and firing operations happen at night when the weather holds the fire in check some more.

abraham_linksys , (edited ) to worldnews in California crews battle wildfires in extreme heat

Honest question: why not fight it at night? Would be cooler with the sun down, and the target glows in the dark to the naked eye. No light no problem? I’m sure it’s more complex than that

BrikoX OP ,
@BrikoX@lemmy.zip avatar

In the 1970s, the US halted aerial firefighting activities at night due to cost and safety concerns. I know some states made narrow exceptions, but not sure about California. A good read on this www.airmedandrescue.com/…/nighttime-firefighting

ILikeToast , to worldnews in 'Massive' search on for children swept away by Pennsylvania floods

Oh that’s so heartbreaking

ThatGirlKylie , to news in Typo sends millions of US military emails to Russian ally Mali

I’m confused, so he identifies this problem ten years ago but only just now raised an alarm as his contract was due to be up on Monday?

According to the Financial Times, which first reported the story, Dutch internet entrepreneur Johannes Zuurbier identified the problem more than 10 years ago.

Since 2013, he has had a contract to manage Mali’s country domain and, in recent months, has reportedly collected tens of thousands of misdirected emails.

None were marked as classified, but, according to the newspaper, they included medical data, maps of US military facilities, financial records and the planning documents for official trips as well as some diplomatic messages.

Mr Zuurbier wrote a letter to US officials this month to raise the alarm. He said that his contract with the Mali government was due to finish soon, meaning “the risk is real and could be exploited by adversaries of the US”.

Mali’s military government was due to take control of the domain on Monday.

Holodeck_Moriarty , to worldnews in 'Massive' search on for children swept away by Pennsylvania floods

Those poor kids…

ShoePaste ,
@ShoePaste@lemmy.ml avatar

Those poor parents

venusenvy47 , to news in Typo sends millions of US military emails to Russian ally Mali

I’m a little confused about a comment in the article that says the Mali military will be taking over the .ml domain on Monday. Is the country of Mali going to start using a different domain next week?

ThatGirlKylie ,

I read it as the military is taking it over and controlling the internet/domain over there and not that .ml will only be for mali military.

zephyreks , to worldnews in Burnt out or jobless - meet China's 'full-time children'

Turns out a lack of labour protections makes your economy more productive in the short term but less productive in the long term.

Odd, that.

Lemmings_together_strong , to news in Typo sends millions of US military emails to Russian ally Mali

Why the military doesn’t filter emails being sent to an unfriendly foreign nation is beyond me. My company would restrict my account if I began emailing a random .ml domain with attatchments.

venusenvy47 , (edited )

I’m assuming this doesn’t involve intra-military emails, because that would be trivial to prevent. It’s probably because of people sending from another domain. Like if [email protected] is sending an email to [email protected], but he mistypes the .mil part because he is using his iPhone while riding his motorcycle with a girl on the back.

A more realistic example would be [email protected] sending an email to [email protected] to discuss some upcoming meeting about a new aircraft contract.

bagfatnick , to worldnews in Burnt out or jobless - meet China's 'full-time children'

Eating bitterness (吃苦) is a phrase that really brings me back to my time growing up in east Asia. However it seems older generations believing their offspring are too weak / spoilt to handle what they themselves have gone through appears to be a pretty universal thing.

orphiebaby , (edited ) to news in Typo sends millions of US military emails to Russian ally Mali
@orphiebaby@lemmy.world avatar

It’s “mail”, not “mali”, ya military dummies! /jk

I don’t even have a job, but I can definitely proofread!

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