Pons_Aelius @ Pons_Aelius @kbin.social

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Joined

2 yr. ago

And Most of the EU, and Nz and Aus...

But that is the case for so many posts about shady business practises.

It's funny how US corps can still operate and make a profit in these markets...

I have no idea how we move forward.

Maybe more self hosted and crowd hosted stuff is one solution?

Currently private finding rounds hinge on convincing a few people who control millions to fund you. Part of that is showing them often highly confidential details of what you are trying to create.

Crowd finding would be much. much more difficult. Now you have to convince millions of people to give you funding, possibly exposing you to having your ideas stolen before you can develop them.

Why should Joe Shmoe who’s family fortune is based off mafia and cartel funds get to have say in your company? Just because of the money?

Yes. Becasue it is Joe Shmoe's money that funds the company while it builds the product. Without the money, there is no product.

I think it’s less about going public

Going public is a big issue, that is how Joe Shmoe gets his payback. He is the one pushing for the IPO so they can get paid.

Once that happens, the founders lose what little control they had, the control is always with the people that supply the money in the end.

Chinese shadow bank Zhongzhi faces $36bn shortfall after ‘management ran wild’
Hudson Lockett, Sun Yu
3–4 minutes

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Zhongzhi, one of the biggest groups in China’s vast shadow financing market, faces a shortfall of as much as $36.4bn and has warned that it is “severely insolvent” in a letter to investors.

The worsening situation at Zhongzhi has put the spotlight on liquidity issues in China’s nearly $3tn shadow financing market and its exposure to the country’s property sector crisis.

Zhongzhi, a sprawling financial conglomerate, wrote in a letter viewed by the Financial Times that its total assets amounted to just Rmb200bn ($28bn) against obligations of up to Rmb460bn.

The company blamed the shortfall on the departure of “multiple senior executives and key personnel” and the 2021 death of founder Xie Zhikun, who “played a pivotal role in decision-making” at the group.

The company said “internal management ran wild” as a result of these departures. “The group’s investment products have defaulted one after the other, and we deeply apologise to investors,” it said.

Zhongzhi and its affiliate investment company Zhongrong missed payments on several products in August, prompting concerns of a brewing liquidity crisis.

“On a standalone basis, it is quite large,” said Zerlina Zeng, a senior credit analyst at CreditSights, “but compared to the China trust industry as a whole, it’s not very big.”

She added that authorities were unlikely to bail out the company. “Most of the hit will be taken by wealthy individual investors, so we don’t see the state stepping in this time around.”

Shadow financing in China frequently flows into property groups. Missed payments at Zhongzhi have prompted concerns of potential spillover effects from China’s slowing property sector, which has dragged down growth in the world’s second-largest economy.

A Beijing-based distressed-asset manager said he had declined a request last month to purchase Zhongzhi assets because they were worth “far less than the company claimed” and came with additional debt obligations.

Chinese authorities have recently increased pressure on state banks to boost lending to property groups such as Country Garden, once China’s largest private developer by sales but which recently missed offshore repayment obligations.

Shares in developers rose on Thursday following a Bloomberg report that Beijing had created a draft list of 50 real estate companies eligible for financing support. Country Garden rose as much as 22.4 per cent, though the stock is down more than 60 per cent this year.

The missed payments at Zhongzhi have spurred outrage among the company’s many retail investors, who have sought to lodge formal complaints with authorities in Beijing.

Zhongzhi did not immediately respond to a request for comment.

Additional reporting by William Langley and Chan Ho-him in Hong Kong

Why paint the windows and tyres?

Reincarnation...the only thing I can imagine being remotely plausible.

Even that has a big issue.

By some estimates there are more humans alive now than have ever died in the past...

My guess is they would not go in the first place.

or will they say that it’s fake and the windows on the space stations are monitors?

But if they did, this would be my guess. They have not used logic or accepted any proof that they are wrong so I doubt they would in space.

Some flat earth guys designed a great experiment to prove whether the earth is flat or round. The only problem was they when their own results showed it was round...

They rejected the results they had come up with as it did not fit their belief.

That sounds like a great way for one network to go down, then the extra load on the other one to bring it down as well.

Not a good idea.

That's what happens when your da boss of a glorified crew.

In summary i’m really asking for whether if it should be acceptable or not.

That is a question whose answer will be different for each person answering. Because it is a value judgement and people have different values.

Even "Is it legal?" Depends on where the person is answering and what laws apply to them.

Penguins. Pretty sure the islands were uninhabited.

yep.

Never understood it on reddit either.

We hate this guy...so let's make a community to constantly complain about him.

First it Beverley Hills Cop, now this.

It's the early 80's all over again.

But...but...think of the profit margins when they release a reskin version 2 and everyone stays playing V1 on community servers.

I worry about employers deploying spyware.

If you are using their equipment, it is not spyware and you should expect to be under surveillance when using it.

If you are allowing them to install shit on your devices, the fault is all yours.

Counter point:

The majority of players do not have the time to invest or inclination to get gud.

All they want is to have an enjoyable playing experience. Getting ganked in every game is not an enjoyable playing experience.

"Designers should strive to find a way that players of all skill levels can have fun together.".

The way that is done in a game like golf is handicapping. Would the high skill players be ok with shorter wait times if they were handicapped?

My guess is: Fuck no.

Leave them the fuck alone.

I seriously doubt it would be possible with humans still in the picture due to our impact on the biosphere and resource use.

No matter what high minded principles we might espouse, human history shows that we fuck up less tech advanced cultures, even when we think we are trying to help.

Case in point North Sentinel Island.

TLDR: Hunter gatherer society that the world has decided to leave alone as they do not want contact but some fuckhead US christian decided he knew better, attempted contact to tell them about God or whatever and got himself killed. While possibly infecting them with something they have no immunity for.

This is not an endorsement of either

But it is advertising its existence.

I wish I could go back 5 minutes to a time when I did not know these two shit stains think they have anything positive or useful to say about anything, let alone the topic they are discussing.

My response to this.