The west innocence or sense of infallibility is a problem. People need to take air gapping of networks more seriously

Worse, some of them are Ethical Altruists, just like Sam Bankman Fried of FTX

Delay No More

…and this is why conservatives in the UK pushed for Brexit

Yes, American munitions export controls

Low inheritance taxes exacerbate nepotism

That’s the one. The possessed one.

Any megachurch, to be honest. Any thing Pat Robertson did, that guy with the crazy demon eyes, Joel Osteen, etc

Commercial CAs are not that better either

That was France, not the EU

The road is being paved for Clippie’s return

I was expecting “universe” to include things as hyperbolic, spherical, elliptical, and toroid surfaces…

On the other hand the christians that are ashamed of this are not doing enough to show their disapproval

He has a good point as this monoculture of systems and models would very greatly amplify any market imbalance and defects, at a speed human bank managers would only realize when getting notified of their impending bankruptcy

Except it is considered “unamerican” for government to help people, and tue generosity of billionaires is hoped for instead

The one good thing about this trial is that America is realizing how chronically inadequate its laws are for expecting people in political office (or campaigning for) to behave within the law. Everyone is human and bound to abuse and the law should set clear boundaries to prevent that abuse.

… about fucking time?

But all politicians are equally at fault for not leglislating to ensure workers have livable salaries and encouraging the “outsourcing” thing that moved jobs overseas so people could buy cheaper Walmart stuff.

I guess both given the massive scale of the business and its massive impacts on the whole economy is reasonable

When banks loan against property and the collateral is the property itself, there should be an independent revaluation of the property to ensure the bank is not running into excessive risk by lending say, $300, on a property that is worth $200. In case the borrower default, then the banks sells the property for $200, but losses $100 because the property was only worth $200.

Trump claiming that banks never saw losses indicate that bank relationship managers were complicit in using distorted valuations to lend, potentially violating internal credit rules established by their own employers.

Another possibility is that Trump actually defaulted multiple times but banks do not publicly admit it.

The root cause that all comments here in Lemmy miss is the Chinese approach to tax funding, which is entirely built on cities and provinces being expected to generate tax income through land sales to property developers, and then public officials competency and rise inside the party being measured by the size of that tax income generated trough land sale.

China needs to adopt a western style of income and consumption taxation if they don’t have one but I understand that internal enforcements is very lax (to prevent popular protests) and corruption (that ends up siphoning off any revenue raised through taxes).

In short, that housing stock will remain unused and, without maintenance and continued use, will only deteriorate over time, leaving cities with a terrible burdensome legacy