Jump to content

Coss

Board Sponsors
  • Posts

    15447
  • Joined

  • Days Won

    306

Everything posted by Coss

  1. https://www.bloomberg.com/news/articles/2021-09-18/evergrande-moment-of-truth-arrives-with-bond-payment-deadlines
  2. oops... https://www.nzherald.co.nz/business/chinese-housing-giant-unable-to-pay-debts-and-could-wreck-global-economy/5CFU72UJR7NZUSIMEYO6NT22UM/ here's the link
  3. In the years since the Global Financial Crisis (GFC), the issues within China's financial system and property market have become increasingly apparent. From the infamous ghost cities to the estimated 80 million homes that sit completely empty, the writing has been on the wall detailing the risks for years. Yet, despite predictions that it would all come crashing down in one spectacular heap, the Chinese property sector has not only survived but evolved into an even greater driver of China's economic growth. But behind this apparent success story lurks a far more complex and challenging reality. For years whenever a large property developer or construction company got into a level of trouble that threatened systemic stability, Beijing would generally step in and bail them out in one way or another. Given the level of control the Chinese government wields over the financial system and the corporate world in China, these bailouts and de facto rescues have taken on many different forms over the years. But each time the core of the issue was maintaining the strong economic growth that Beijing has become reliant upon and protecting the wealth of existing property holders. With Chinese households holding more than 60 per cent of their wealth in the form of property, allowing prices to fall and the construction sector to be impacted by rising bad debts was a bitter pill for Beijing to swallow. As President Xi Jinping's push to prepare China for a global black swan event continues, it's becoming increasingly clear that Beijing may no longer have the will to step in so overtly. To put Evergrande's immense size and importance to the Chinese economy into perspective, its debts amount to around $447 billion (US$315b). That is more than three times the entire debt load of the New Zealand Government and around two-thirds of all outstanding Australian federal debt. As Evergrande struggles to pay its creditors, mum and dad investors have stormed the company's headquarters to demand their money back, after payments to retail investors were stopped. Evergrande is not the only Chinese property developer in major distress. Across a long list of China's biggest property developers, a significant number are in similar financial trouble, with their collective debts in a distressed state exceeding more than $710b (US$500b).....
  4. any comment would be superfluous https://forum.pattaya-addicts.com/topic/353944-nwg-girls-live-streaming/?tab=comments#comment-5213729
  5. https://www.msn.com/en-xl/northamerica/top-stories/france-recalls-ambassadors-to-us-australia-over-submarine-deal/ar-AAOzoHG So in a nutshell: France loses Submarine contract worth some 50~90 Billion, dollars presumably. Recalls ambassadors from USA and Straya. ? Isn't that what you do as a preamble to declaring war? Or is now the default position for contract disputes? Instead of running away, dropping rifles, clatter, clatter, clatter?
  6. Not a movie but 3 series' TV show Britannia In vein of and as good as, Vikings, and better IMHO, than Game of Tropes. 1st series: very good, so much so, that I kept straight on and watched the 2nd immediately. 2nd series: still good with plot developing quite nicely. 3rd series: mmm... like a lot of franchises that suffer from multiple directors, producers and owners, I reckon this last, was not possessed of the vigour of the first two. Could be place holder for a possible future resurrection... However - as a whole - Bloody good, some wry humour, a bit of gore and the sex so toned down that it's patently British, well it's in the name... Of note :: David Morrissey as Aulus, a real workhorse, very good performances. Eleanor Worthington-Cox as Cait, stunning performances from, a just now turned, 20 yr old. But this guy is a diamond, just discovered in the rough, very good acting this fella, Nikolaj Lie Kaas as Divis. Standout! If it were not for the 3rd series, it'd be 5 from 5, but well worth a look at 4 stars.
  7. Coss

    The Covid-19 thread

    The following is NZ centric, but I feel it's worth a read, as it has wider relevance: https://www.msn.com/en-nz/news/national/sir-peter-gluckman-beyond-science-there-are-hard-decisions-ahead/ar-AAOwkzu?ocid=BingNews Science has played an essential part in Aotearoa New Zealand’s response to this phase of the pandemic. Astonishing progress in vaccine development and the role of public health science has informed Government's decision-making. However, decisions that led us to effectively exclude the virus from our shores were simple compared to the tougher decisions that must be made soon. And while science will have a critical role to play, it alone cannot, and should not, answer the questions ahead as we move away from an exclusion strategy. The costs of Covid-19 extend well beyond the illness itself to continuing impacts of both the virus and our response to it on the rest of the health system, mental health and well-being, and family ties. Sadly, such impacts extend to family violence and economic insecurity as well as ongoing and negative effects on our economy, education, innovation opportunities, international business relationships, and our diplomatic footprint. The emergence of transmissible virus variants was inevitable and there could be more challenging variants ahead. As seen over the past 18 months, even with tight border restrictions, the virus will repeatedly seep through. The primary goal of total viral exclusion was to buy time to develop an alternative protection strategy, primarily based on vaccines. These have emerged faster than anticipated. The double doses of the RNA vaccine we use now are highly protective. In future years, there will be boosters (possibly needed rather soon), refined vaccines, and antiviral drugs to reduce harm further, but decisions must be made here and now, with what we know, and what we have. Hopefully we will soon reach vaccination levels of perhaps 85-90 percent of New Zealand’s population over 12 years old. Yet this is only about 75 percent of the total population. Then we will face decisions about vaccinating children under 12 and the need for boosters. Thankfully, international science will inform us on these. When will such high vaccination rates allow the balance to tilt from efforts to exclude the virus to a different management strategy? This cannot be far away. But it too has costs and risks, especially for those who are not vaccinated. Are incentives now needed to get as many as possible of the hesitant and resistant vaccinated? What else needs to be in place? Do we need both internal and external vaccine passports (with strong legal protections on how they would be used)? Should widespread use of rapid self-testing – now well used in Europe – be adopted? Should employers be able to require masks and/or vaccines, and does that need legislative protection? These questions, which all have ethical and “social licence” dimensions, go hand in hand with the more obvious ones of border triage, rapid testing at the border, modified entry management, ensuring adequate health facilities, and location of quarantine facilities. Neither science nor politics alone can answer such equations. Whatever choices Government makes will involve trade-offs and time-sensitive decisions. These will necessarily be made in the face of incomplete knowledge and contestable perspectives and values from different elements of our community. “Social licence” and trust will be necessary for whichever choices are made. Fear can undermine democracy. Parliament’s 2020 Epidemic Response Committee – a truly democratic innovation receiving much international interest – played a major role through its transparency, contributing to broad public acceptance of trade-offs required in following the elimination route. Similar levels of truth and transparency will be key for future choices. The Government’s challenge is to ensure trust in the pragmatic decisions it must soon make. Broader scientific contributions and contributions beyond science will both be needed. Public health expertise is certainly central, but also needed are social sciences, including communication and behavioural sciences, economics, and more. Business, local leaders, iwi leaders, and others must feel that decisions made have considered their interests. Ultimately, the decisions must remain with our elected Government which, by any measure, and putting partisanship aside, has done an outstanding job in keeping New Zealanders safe. It is much more challenging to ‘open up’ than ‘close down’. In crisis and risk management, the concept of the ‘Red Team’ has emerged. Comprising a group of experienced and skilled people who have no responsibility for managing the crisis but have access to the same data as those who are, it can ask tough questions of the decision-makers, in real time. Given the complexities and the need to get beyond political point-scoring, trust could be enhanced for our ‘team of five million’ through using such a process. After all, we want our Government to continue to do the best job possible on all our behalf. ____ Yep
  8. BANGKOK (AP) — Taxi fleets in Thailand are giving new meaning to the term “rooftop garden,” as they utilize the roofs of cabs idled by the coronavirus crisis to serve as small vegetable plots. Workers from two taxi cooperatives assembled the miniature gardens this week using black plastic garbage bags stretched across bamboo frames. On top, they added soil in which a variety of crops, including tomatoes, cucumbers and string beans, were planted. The result looks more like an eye-grabbing art installation than a car park, and that’s partly the point: to draw attention to the plight of taxi drivers and operators who have been badly hit by coronavirus lockdown measures. The Ratchapruk and Bovorn Taxi cooperatives now have just 500 cars left plying Bangkok’s streets, with 2,500 sitting idle at a number of city sites, according to 54-year-old executive Thapakorn Assawalertkul. With the capital’s streets deathly quiet until recently, there’s been too much competition for too few fares, resulting in a fall in drivers’ incomes. Many now can’t afford the daily payments on the vehicles, even after the charge was halved to 300 baht ($9.09), Thapakorn said. So they have walked away, leaving the cars in long, silent rows. Some drivers surrendered their cars and returned to their homes in rural areas when the pandemic first hit last year because they were so scared, he said. More gave up and returned their cars during the second wave. “Some left their cars at places like gas stations and called us to pick the cars up,” he recalled. With new surges of the virus this year, the cooperatives were “completely knocked out,” as thousands of cars were given up by their drivers, he said. Thailand’s new infections have ranged just under 15,000 in recent days after peaking above 23,400 in mid-August. The government hopes the country is easing out of this wave, which has been the deadliest so far, accounting for 97% of Thailand’s total cases and more than 99% of its deaths. In total, Thailand has confirmed 1.4 million cases and over 14,000 deaths. The situation has left the taxi companies in financial peril, struggling to repay loans on the purchase of their fleets. Ratchapruk and Bovorn cooperatives owe around 2 billion baht ($60.8 million), Thapakorn said. The government has so far not offered any direct financial support. “If we don’t have help soon, we will be in real trouble,” he told The Associated Press on Thursday. The taxi-top gardens don’t offer an alternative revenue stream. The cooperatives staff, who were asked to take salary cuts, are now taking turns tending the newly-made gardens. “The vegetable garden is both an act of protest and a way to feed my staff during this tough time,” said Thapakorn. “Thailand went through political turmoil for many years, and a great flood in 2011, but business was never this terrible.” https://apnews.com/article/lifestyle-health-business-thailand-gardening-94e6376a9b0ed616ba3b203f8c503a46?utm_source=Sailthru&utm_medium=email&utm_campaign=Sept17_MorningWire&utm_term=Morning Wire Subscribers
  9. Capitol police have requested the National Guard stay on standby in advance of the right-wing "Justice for J6" rally planned for Saturday. fortunately where I am, in NZ I can still get food from the Supermarket, so I'm off to get popcorn and beer for Saturday...
  10. EN, Chinapost Sep. 9, 2021, 09:03 AM BANGKOK (AP) — Thai Prime Minister Prayuth Chan-ocha sacked two Cabinet members on Thursday, including one who was widely reported to have unsuccessfully plotted for him to lose a parliamentary no-confidence vote last week. Deputy Agriculture Minister Thammanat Prompao was deeply controversial even before the alleged mutiny attempt for being imprisoned for four years in Australia in the 1990s in a case involving heroin smuggling. He has also faced other scandals, including a claim that his doctorate in public administration was fraudulently earned. He has rejected all accusations of wrongdoing. Thammanat won his Cabinet position by being a political power broker capable of turning out the vote in northern Thailand for the governing Palang Pracharath party, and was made party general secretary in June. Because of his reputation, it isn’t clear whether his dismissal will strengthen or weaken Prayuth’s government. Palang Pracharath is the military-backed party that nominated former army commander Prayuth as prime minister after the 2019 general election. Prayuth led a military government from 2014 to 2019 after staging a coup. Deputy Labor Minister Narumon Pinyosinwat was dismissed along with Thammanat, according to an official notice published Thursday in the Royal Gazette. Thai media have reported that she also was involved in last week’s failed plot against Prayuth, which neither the prime minister nor Thammanat publicly acknowledged. Prayuth and five members of his Cabinet defeated censure motions against them, steadying the government despite its continuing unpopularity for failing to secure adequate supplies of coronavirus vaccines ...
  11. Epidemiologists dispatched to Phuket to help curb the spread of Covid - are they gonna man the checkpoints? Epidemiologists from Thailand’s Disease Control Department have been dispatched by the Ministry of Public Health to Phuket. The move is intended to help curb the spread of new Covid infections on the island; Phuket has regularly seen 200 cases a day over the last couple of weeks and hospital beds have reached 90% occupancy. Public Health Permanent Secretary Dr Kiattibhoom Vongrachit says the team of epidemiologists and disease control officials are going to Phuket to assist health officials and restore the confidence of locals and visitors of the island’s safety. The doctor says out of around 30,000 Sandboxers to arrive, only 89 have tested positive for Covid. He says the low rate of infections among international visitors is due to strict immigration measures. I wonder, does he know that 89 is not a good number, 1 is too many....? Dr Pitakpol Boonyamalik, inspection-general of 11th Health Area Office, says health officials from other provinces have also been sent to Phuket to help vaccinate high risk groups and people who are stuck at home. The doctor went on to say that hotline services are being established and operation centres are being set up. Yesterday, the sea gypsy community in the Rawai sub-district municipality was ordered locked down for 2 weeks following 100 members of the community testing positive for Covid. Police have been sent to the area to enforce the lockdown. - because if they are dying from Covid, you should shoot them... Thai PBS says the government intends to make vaccinating the community a priority. - Earlier today, the Thaiger wrote how an Aunjai clinic is being established in Phuket to help ease the burden on hospitals and other health centres. People can go to the clinic for advice, x-rays, examinations, and officials there will answer questions. The government did not say whether the clinic would also include beds, but Phuket Governor Narong Woonciew has assured the public that there is no bed shortage problem. - as a grammar nazi , does that mean there is no problem with the bed shortage? SOURCE: Thai PBS
  12. BANGKOK — The Japanese government said on Monday it will donate 1.3 million AstraZeneca vaccines to several Asian countries and territories, including 300,000 doses to Thailand. Japanese Foreign Minister Toshimitsu Motegi said the country’s newest round of vaccine donation will include 400,000 doses for Vietnam, 300,000 for Thailand, 100,00 doses for Brunei, and 500,000 doses for Taiwan. So far, Japan has given out more than 23 million doses of the AstraZeneca vaccine produced in Japan to countries in South Asia and the Pacific islands, Motegi said. The vaccines have been dispersed throughout Southeast Asia and the Pacific Islands, the minister said. Thailand alone has received 1.3 million doses of AstraZeneca from Japan as donations. Japan has also pledged $ 1billion and 30 million doses to the Covax programme, which is overseen by the GAVI Alliance and the World Health Organization. Half of Japan’s population has been fully vaccinated, according to published government data, compared to just 17 percent in Thailand. The vaccination program in Thailand was meant to rely on AstraZeneca doses produced domestically by Siam Bioscience, but the palace-owned company failed to meet its target, citing delays and production issues. The Chulabhorn Royal Academy also announced on Monday that it will buy 8 million doses of COVID-19 vaccine from Moderna. The doses will be administered as booster shots next year, said the royal academy, which is 1 out of only 5 agencies with the authority to seek alternative vaccine sources. The academy has already imported shipments of Sinopharm vaccine from China and sold them to private entities. https://www.khaosodenglish.com/news/crimecourtscalamity/2021/09/15/japan-to-donate-300000-more-az-shots-to-thailand/ How about getting some of the vaccines that have been paid for, and putting them in the arms of the population?
  13. The chairman of the Joint Chiefs of Staff called China twice in the final months of the Trump administration to reassure them that Trump had no plans to attack China, according to “Peril,” a new book by the Washington Post reporters Bob Woodward and Robert Costa. “Things may look unsteady,” Gen. Mark Milley told his counterpart, Gen. Li Zuocheng of China, on Jan. 8 – two days after Trump’s supporters attacked the Capitol to try to stop the certification of his election loss. “But that’s the nature of democracy, General Li. We are 100% steady. Everything’s fine. But democracy can be sloppy sometimes.” Milley was also reportedly so concerned that Trump could “go rogue” that he convened a secret meeting later that day with senior military officials to remind them that “the strict procedures are explicitly designed to avoid inadvertent mistakes or accident or nefarious, unintentional, illegal, immoral, unethical launching of the world’s most dangerous weapons.” He added: “And I’m part of that procedure.” Following the revelations, Trump called for “Dumbass” Milley to be “arrested” for “treason.” The White House, meanwhile, said Biden has “complete confidence” in Milley. (New York Times / Washington Post / CNN) it transpires that: Defence Secretary Mark Esper, also called China, some weeks prior to Milley's actions.... For the same reason, Insanity at the helm. A federal judge denied Trump’s request to stop E. Jean Carroll’s defamation lawsuit against him from moving forward. The ruling allows for the case to proceed as an appeals court weighs whether Trump is immune from the suit. Carroll alleges Trump assaulted her in the Bergdorf Goodman department store in 1995 or 1996 and then defamed her by calling her a liar when she went public with her claims in 2019. Trump and the Justice Department have argued Trump can’t be sued because the comments were made while he was president. (Bloomberg / CNN / CNBC) 1 in 500 Americans have died from Covid-19 in the 19 months since the nation’s first reported coronavirus infection. As of Tuesday night, 663,913 total people in the U.S. had died of Covid-19. The country averaged 1,805 new Covid-19 deaths each day over the past week. About 62% of Americans have received at least one dose of a Covid-19 vaccine – last among the world’s seven wealthiest democracies. (CNN / Washington Post) for comparison, I believe that the NZ number is 1 in 189,725 - population 5,122,600, deaths 27 - not for gloating purposes but to illustrate a different circumstance and approach.
  14. As Thailand gears up for the reopening of Bangkok and several key provinces in October, some doctors warn that hospitalisations could surge again because the vaccination rate remains low across the nation. Only 18 per cent of the population is fully inoculated at present, a level that offers only limited protection from the spread of Covid-19, especially with the impending increase of the movements of people and the arrival of tourists -- who will be granted quarantine waivers based on their vaccination status. Coverage should exceed 70 per cent before reopening because fully vaccinated people can still get infected and spread the virus, said Prasit Watanapa, dean of Mahidol University's Faculty of Medicine at Siriraj Hospital. He said that the emergence of a new variant could worsen the situation and squeeze the health-care system. Prime Minister Prayuth Chan-Ocha has pushed for a wider reopening in an effort to boost the foreigner-driven tourism sector. The scrapping of quarantines -- typically two weeks -- is part of the government's "living with Covid-19" strategy that aims to revive the economy and put people back to work -- while concurrently limiting fallout from the virus. ANDRE MALERBA/BLOOMBERG A sign mandating the use of face masks at the empty Patong Beach in Patong, Phuket, Thailand. Phuket was the first province to reopen in July. The resort island of Phuket, the first province to reopen in July when the vaccination rate there was ramped up to about 70 per cent, is now battling spikes in cases, especially among migrants and in fishing communities. The Phuket experience is not unlike what's happened in other global destinations, with cases jumping in the Maldives and Seychelles following their reopenings to tourists -- despite high vaccination rates. Thira Woratanarat, an associate professor at Chulalongkorn University's Faculty of Medicine, said a surge in infections would likely be evident six to eight weeks after the wider tourism reopening. Current control measures include curfews, limits on restaurant dining, clamps on alcohol sales and gym closures. The upcoming phases of reopenings are scheduled between October 1 and October 15, depending on province and the readiness of local authorities. "If there's a new wave of outbreak, it'd be difficult for the majority of people to survive because they have been fighting this for a long time and their resources are running low," Thira said. "It would inevitably affect the economy in the end." Bloomberg - Randy Thanthong-Knight 07:24, Sep 17 2021
  15. Coss

    Britain

    I see, I was wondering about the damage to be done, to a teetering royalty, if she does or doesn't, aid her son.
  16. I was following the recall vote in California and it looks like this Elder bloke is Trumpanzee of the 1st water, all the Republicans may just be figuring out, that the current approach ain't gonna work no more, no more, no more...
  17. Coss

    Britain

    He can run, but he can't hide... The high court has agreed to intervene if necessary to serve papers on the Duke of York in the sexual assault civil case filed against him in the US, it has said. https://www.theguardian.com/uk-news/2021/sep/15/high-court-will-serve-us-court-papers-on-prince-andrew-if-necessary I have a question: If the courts are challenged, who has the final say? Democracy? or Liz?
  18. Coss

    Any New Jokes

    Deranged Conspiracy Theorists Worried Leaders May Build A New World Order After Leaders Say They're Building A New World Order ‘Vaccine’ Spells ‘Satan’ When You Rearrange All The Letters And Replace Them With New Ones, Conspiracy Theorist Says
  19. As far from this as I am, in terms of politics and facts, my view is that, the then US govt, was giving the Saudi's a lot of room to play in the politics of the middle east (sans Israel). And the Saudis being who they are, failed to get control of Bin Laden, or even have any idea, that such control was desirable. The result was not something that the US or the Saudis had imagined, just careless power plays. My only personal link to all of this, was a then colleague, who was to be on the second, of the planes that hit the towers. At the last minute, one of her friends caught sight of her ticket and said, "no you don't want fly that way, too many stop overs, go this way". So she changed her ticket and is still with us.
  20. The Protege (2021) Maggie Q, Samuel L. Jackson, Michael Keaton Rescued as a child by the legendary assassin Moody, Anna is the world's most skilled contract killer. However, when Moody is brutally killed, she vows revenge for the man who taught her everything she knows. Lotsa action and bang bang, some interesting stuff and Maggie Q, Woof!
  21. Candyman (1992) I clicked on a link in Kodi, entitled Candyman (2021) and got the 1992 version. Good, very good, after a little slowness at the beginning. Worth a look, Virginia Madsen is great.
  22. Coss

    Straya

    I had to look up Gullible in the dictionary I couldn't believe it... I was Credulous...
  23. Coss

    Straya

    This is why I like Strynes... AUSTRALIAN LETTER - I think the sender might have been upset! This is an actual letter sent to the DFAT (Department of Foreign Affairs and Trade) Immigration Minister. The Government tried desperately to censure the author, but got nowhere because every legal person who read it couldn’t stop laughing ! Dear Mr Minister, I'm in the process of renewing my passport, and still cannot believe this. How is it that K-Mart has my address and telephone number, and knows that I bought a television set and golf clubs and condoms from them back in 1997, and yet the Federal Government is still asking me where I was born and on what date ? For Christ’s sake, do you guys do this by hand ? My birth date you have in my Medicare information, and it is on all the income tax forms I've filed for the past 40 years. It is also on my driver's licence, on the last eight passports I've ever had, on all those stupid customs declaration forms I've had to fill out before being allowed off planes over the past 30 years. It's also on all those insufferable census forms that I've filled out every 5 years since 1966. Also... would somebody please take note, once and for all, that my mother's name is Audrey, my father's name is Jack, and I'd be absolutely bloody astounded if that ever changed between now and when I drop dead !!! SHIT! What do you people do with all this information we keep having to provide? I apologize, Mr. Minister. But I'm really pissed off this morning. Between you and me, I've had enough of all this bullshit! You send the application to my house, then you ask me for my bloody address! What the hell is going on with your mob? Have you got a gang of mindless Neanderthal arseholes working there! And another thing, look at my damn picture. Do I look like Bin Laden? I can't even grow a beard for God's sakes. I just want to go to New Zealand and see my new granddaughter. (Yes, my son interbred with a Kiwi girl). And would someone please tell me, why would you give a shit whether or not I plan on visiting a farm in the next 15 days? In the unlikely event I ever got the urge to do something weird to a sheep or a horse, believe you me, I'd sure as hell not want to tell anyone! Well, I have to go now, 'cause I have to go to the other side of Sydney , and get another bloody copy of my birth certificate - and to part with another $80 for the privilege of accessing MY OWN INFORMATION! Would it be so complicated to have all the services in the same spot, to assist in the issuance of a new passport on the same day? Nooooo, that'd be too bloody easy and makes far too much sense. You would much prefer to have us running all over the bloody place like chickens with our heads cut off, and then having to find some 'high-society' wanker to confirm that it's really me in the goddamn photo! You know the photo... the one where we're not allowed to smile?...you bloody morons. Signed - An Irate Australian Citizen. P.S. Remember what I said above about the picture, and getting someone in 'high-society' to confirm that it's me? Well, my family has been in this country since before 1820! In 1856, one of my forefathers took up arms with Peter Lalor. (You do remember the Eureka Stockade!) I have also served in both the CMF and regular Army for something over 30 years (I went to Vietnam in 1967), and still have high security clearances. I'm also a personal friend of the president of the RSL...Lt General Peter Cosgrove sends me a Christmas card each year. However, your rules require that I have to get someone "important" to verify who I am; you know...someone like my doctor - WHO WAS BORN AND RAISED IN BLOODY PAKISTAN!...a country where they either assassinate or hang their ex-Prime Ministers - and are suspended from the Commonwealth and United Nations for not having the "right sort of government".. You are all pen-pushing paper-shuffling bloody idiots!
×
×
  • Create New...