The Who - Eminence Front (Original)
Eduardo Montenegro M1
The single entered Billboard Hot 100 on 25 December 1982, reaching number 68. - Wikipedia
I was still in Austin, Texas in 1982.
The single entered Billboard Hot 100 on 25 December 1982, reaching number 68. - Wikipedia
I was still in Austin, Texas in 1982.
Not sure why I am posting this. I mean, who cares if the Chinese Commercial Real Estate (CRE) market is in free fall? The CRE market here at home is not in such great shape itself. Guess I'm just trying to keep tabs on fast the world is sliding towards the abyss. There are always ups and downs, but these days the news just seems to be consistently bad, which I translate to meaning that the slide has gotten steeper and faster. Will something happen to pull us out of this ever worsening recession / depression? Or are we really going to go into free fall?
Anyway, I thought the opening to this story was pretty good. It goes on for a while and if you are really into what's going on in the Chinese economy you might want to read it.
Chinese Offices Emptier Now Than During Peak Of Covid Lockdowns As Economy Crumbles
BY TYLER DURDEN FRIDAY, AUG 30, 2024 - 08:30 PM
One week ago, we reported that China had found itself "On The Verge" of collapse as its "Welfare State Crumbles, Explosion In Social Unrest As Youth Unemployment Soars, Strikes Surge." All of this was the result of Beijing's very deliberate - and extremely risky - decision to not engage in a massive stimulus this time, unlike every previous occasion of sharp economist slowdown, and risk social unrest at best, or a full-blown revolution as an unthinkable worst case.
Here is the silver lining: all those revolutionaries will have brand new empty offices at their disposal when they finally take over. That's because as the FT reports, offices in China’s biggest cities are emptier than they were during stringent Covid-19 lockdowns in what is the latest clear sign of how the country’s economic slowdown has crushed business confidence.
At least a fifth of high-end office space was vacant in the tech hub of Shenzhen in June, according to data from three real estate agencies, while office vacancy rates in Beijing, Guangzhou and Shanghai were also higher than in June 2022. Naturally, with demand collapsing, rents are at least 10% lower than they were two years ago and in many cases much lower.
While a rise of flexible working has made it hard for developers to fill office space in cities such as London and San Francisco, and led to an unprecedented commercial real estate crisis, in Chinese cities - where far fewer people work from home - analysts said there is a much simpler cause for explosion in office vacancies: the collapsing economy.... which is amusing considering the centrally-planned central government has set a full-year economic growth target of about 5%. The reality is that China's economy is shrinking at that rate, if not much faster.
Stolen entire from Borepatch on account of it's so great:
Leonid Brezhnev |
And the Leonid Brezhnev Memorial Award goes to ...
So UK Prime Minister Keir "Two Tier" Starmer has decreed that people saying hateful things will be jailed because their speech is actually violence, and he's making room for them in His Majesty's prisons by releasing violent criminals because their violence is actually speech, you guys.
Some big shot police constable has even said he was going to go all 1775-Bunker Hill on Americans for their speech, which is totally violence. Ooooh kaaay,
All this totalitarianism reminds me of a joke from the Soviet Union, back in the day. It was said about Leonid Brezhnev (and likely others). I've somewhat rewritten it for modern times. See if you can tell the difference.
So this guy goes to
Red SquareHyde Park Speaker's Corner and yells "Leonid BrezhnevKeir Starmer is asenilefascist old fool!" Of course, the police swarm him and drag him off to Ye Olde Gaol. He is sentenced to ten years and ten days in durance vile - ten days for slander and ten years for revealing State Secrets.Maybe I gave away my edits right there ...
And so the Leonid Brezhnev Memorial Award for Totalitarianism goes to Brit PM Keir Starmer, for fascism above and beyond the call of duty. Well done you dirty commie bastard.
MS Bard |
MS Bard |
This boat uses the same power transmission gear as a diesel locomotive. They have diesel engines generating electrical power that is fed to two 350 kilowatt electric motors that turn the propellers. Similar to a hybrid car, but no giant battery pack. This has a couple of advantages over a conventional drivetrain. There is no mechanical gearbox, so the engine does not need to be aligned with the propeller shaft.
Svalbard |
Abandoned Coal Loading Dock |
Who’s afraid of Sahra Wagenknecht? Germany's 'left-conservative' has redefined populism by Thomas Fazi. This story is about an old time, east German politician who has founded a new political party in Germany. I like her.
Data Centers In 'Spy Country' Northern Virginia Face Seven-Year Hookup Wait by Tyler Durden. I'm impressed with all the data centers being built in my neighborhood, but I imagine they are small potatoes compared to what's being built in Northern Virginia.
Drunk Driving |
How the war on drunk driving was won by Nick Cowen
Deterrence alone might not stop crime. But, as the campaign against drunk driving shows, it could help create the norms that do.
Via Detroit Steve
Chance of Earthquake |
Hairy Eyeball |
Sometimes he does a live stream, which I have found mesmerizing for a few minutes until I start to feel vicarious exhaustion and hopelessness.
Broken Glass |
Broken Glass Closeup |
Murder & Mayhem |
Grumman G-36 Wildcat (N5HP) |
Near as I can tell the G-36 version was used by Britain and France. Almost 8,000 of Wildcats were built. Those built for the Europeans used metric instruments. The throttle in the French version worked opposite of the American version. The Americans pushed the throttle forward for more power, the French pulled the throttle back.
10 Reflections On Ukraine After Its Latest Independence Day Celebrations by Andrew Korybko
Introduction:
Post-independence Ukraine failed to fulfill its initially promising socio-economic potential due to incorrigible corruption, and when people finally began to protest this systemic problem, their movements were co-opted by the West as part of a geopolitical power play against Russia.
"The planned French withdrawal led to a state crisis. This included various assassination attempts on de Gaulle as well as some attempts at military coups. Most of the former were carried out by the Organisation armée secrÚte (OAS), an underground organization formed mainly from French military personnel supporting a French Algeria, which committed a large number of bombings and murders both in Algeria and in the homeland to stop the planned independence."
Bozouls, France |
Peugeot 203 |
Panhard CD |
Taylor Swift |
Just when you thought the headlines couldn’t seem more absurd, Swiss banking giant UBS has issued a warning that in the global battle against inflation, the worst enemy of central banks could be none other than pop star Taylor Swift.
The report could be seen as one part genuine economic analysis, one part marketing schtick for the UBS Arena. This is the chosen venue for many huge events including Taylor Swift concerts and the MTV Music Video Awards. However, the underlying point is that sudden spikes in demand make it harder for central bankers to use monetary policy tools to cool inflation.
UBS economist Paul Donovan describes in his report how huge events that draw attendees from all over the world — such as Taylor Swift shows, which draw masses of screaming Swifties who flood cities around the world to see their favorite star — create demand shocks. These are especially noticeable in industries like travel and hospitality when a sudden influx drives up prices at hotels, restaurants, airlines, taxis, and similar services. Donovan says:
“Hotel prices will often rise for accommodation near a mega event venue. Transport costs (in particular air fares) may also increase. The measurement method for these prices is more likely to capture the unusual and transitory pattern of demand, and it is here that the increase in consumer price inflation takes place.”
It isn’t so much that UBS is wrong. Sudden increases in demand drive up prices. But the large point is how the notion itself lays bare the total absurdity of the global economy, and the nonsensical notion that a handful of central planners is able to micromanage global inflationary pressures. Are Taylor Swift concerts really enough to move the needle on global inflation and derail monetary policy efforts?
Eurozone inflation and PMI got a boost this month, but it was entirely artificial — caused by the fact that France hosted this year’s Olympic Games. The surge in economic activity created a massive but entirely transitory increase in demand, dragging up Eurozone economic data points. Meanwhile, fundamentals remain weaker, and major Eurozone economies outside of France continue to contract, fueling motivation for the ECB to return to cutting interest rates again next month.
PMI - Purchasing Managers' Index is a measure of the prevailing direction of economic trends in manufacturing.
Roman is a historian who sometimes writes for RT. I read a couple of his stories today. I think they are well done. Now I'm wondering if there is American news site that is produced in Russian, and if there is, what does it sound like? Does it sound reasonable like RT does to me, or is it like the Washington Post and The New York Times, full of bullshit and lies? I suppose it matters which stories you choose to read. I don't read anything about Ukraine or Gaza because everyone writing about those two war zones has an ax to grind. Yes, wars are horrible, but that's the way of the world these days, there is always a war going on somewhere. I think it's because people just like to fight and there are 'leaders' who are willing to take advantage of this natural inclination and are able to organize those people into a coherent force.
Anyway, here's a couple of stories by Roman:
hecatomb
Baiken Uranium Mine in Kazakhstan |
Baiken Uranium Mine in Kazakhstan |
Baiken Uranium Mine in Kazakhstan |
Perry Rhodan is a German space opera franchise, named after its hero. It commenced in 1961 and has been ongoing for decades, written by an ever-changing team of authors. Having sold approximately two billion copies (in novella format) worldwide (including over one billion in Germany alone), it is the most successful science fiction book series ever written. The first billion of worldwide sales was celebrated in 1986. The series has spun off into comic books, audio dramas, video games and the like. A reboot, Perry Rhodan NEO, was launched in 2011 and began publication in English in April 2021.
Amazon has some of these books. There is a bunch of stuff on the net.
Graham Hryce is an Australian journalist and former media lawyer, whose work has been published in The Australian, the Sydney Morning Herald, the Age, the Sunday Mail, the Spectator and Quadrant.
This one from Daily Wire is another page in the book of charges against the big media for corruption and bias, the same charges Elon is suing them over.
Study Suggests Tone Of Legacy Media Coverage Amounts To Election Interference
Are Trad Catholics a Protestant Sect?
JMSmith has a post up today about Martin Luther versus Traditional Catholics. I am nominally a Lutheran, and I have certain problems with the Catholic Church, but I often enjoy what JMSmith writes. Some of his stuff is wonderful and some of it is inpenetrable. Today's post is borderline, bunch of words I didn't know.
Funny words:
More funny words that I think I know the meaning of, but mostly I'm too lazy to look them up.
Yesterday there was a story in The Oregonian about QAnon. (Original from Washington Post, book review of The Quiet Damage by Jesselyn Cook) It was a little silly. Lady reads goofball stuff on the internet and takes it to heart. So what? There have always been people who believe weird, even unbelievable stuff. I'm thinking that maybe this is where all these campaigns against disinformation got started - if you could stop the sources of these fairy tales, people would stop believing them, everyone would start believe the correct things and the world would be full of flowers and unicorns. But that's not going to happen. You cut off the supply of nonsense, a new wellspring of fairy tales will erupt somewhere else. I don't understand why it happens, but talking to people convinces me that it does. Some people are gullible, some people are not smart enough to tell truth from fiction, and some people are just crazy. And wherever there are listeners, there are going to be people willing to fill their ears with gibberish.
City of Portland District Map Plan |
Wikipedia: Colors of Evil: Red is a 2024 Polish mystery crime thriller film directed by Adrian Panek and based on the 2019 novel of the same name by Malgorzata Oliwia Sobczak. The film stars Jakub GierszaĆ, Maja Ostaszewska and Zofia Jastrzebska. It follows the murder of a young woman in Tricity, Poland and the rookie prosecutor Leopold Bilski who teams up with the victim's mother, Judge Helena Bogucka.
We watched it, like we do all movies, in the original language with the subtitles turned on. I've never seen a dubbed movie that was convincing. Doesn't mean there aren't any, but I like the funny noises furriners make.
The rookie prosecutor notes some troubling similarities between this current murder and another one that happened 15 years ago. He becomes convinced that they got the wrong guy then and they got the wrong guy now, so wants to overturn the old case, the case that made his boss's bones. Naturally the boss isn't too happy about it. Not happy at all until the dead girl's father, who has been the kingpin's lawyer for many years, turns over a thumbdrive containing all of the kingpin's illicit business dealings. The kingpin has been responsible for many murders over the years, but he won't own up to this one. While he is a very evil man, would he really want to kill his lawyer's daughter? Something doesn't quite add up here.
Tricity (Gdynia, Sopot & Gdansk) in Poland on the left and Kaliningrad Russia on the right. |
In the movie, fatso gets in trouble with the king pin for selling drugs on the side, drugs he got from Russsians in Kaliningrad.
Seems I remember hearing something about the Poles wanting to cut through the barrier island the crosses the border so they wouldn't have to go into Russian waters to get to the Baltic.
Accident on Highway 26 |
Hillsboro Industrial Park |
Abdullah bin Mohammed al-Khulaifi was awarded the CIA's George Tenet medal this week [File: X/@AJArabic] |
Aljazeera has the story. Qatar, the biggest producer of LNG (Liquified Natural Gas) in the Persian Gulf. Qatar, host to Hamas leadership. Qatar the magnificent, Qatar the despicable. And now they're in bed with the CIA. I pitty al-Khulaifi. I suspect there are a number of people who want his head, literally, but maybe growing up in a snakepit he has learned to dodge and weave.
John William "Long John" Baldry (1941 – 2005) was an English musician and actor. In the 1960s, he was one of the first British vocalists to sing the blues in clubs and shared the stage with many British musicians including the Rolling Stones and the Beatles. Before achieving stardom, Rod Stewart and Elton John were members of bands led by Baldry. He enjoyed pop success in 1967 when "Let the Heartaches Begin" reached No. 1 in the UK, and in Australia where his duet with Kathi McDonald "You've Lost That Lovin' Feelin'" reached No. 2 in 1980.