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(Day Today News)   China vows a new era of austerity, just as soon as they finish building an $11 million giant brass fish   (daytodaynews.com) divider line 53
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5162 clicks; posted to Main » on 13 Oct 2013 at 4:05 AM (40 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-10-13 12:07:47 AM
 
2013-10-13 12:28:40 AM
Please log in?

How about you go f*ck yourself instead, NYT?

Anyone else unable to view TFA?
 
2013-10-13 02:24:06 AM

fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought


The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.
 
2013-10-13 02:26:36 AM

Sid_6.7: Please log in?

How about you go f*ck yourself instead, NYT?

Anyone else unable to view TFA?


Me.
 
2013-10-13 02:28:25 AM

miss diminutive: Sid_6.7: Please log in?

How about you go f*ck yourself instead, NYT?

Anyone else unable to view TFA?

Me.


Did that to me the first time I clicked on it a couple hours ago, then worked when I tried again. Still works now. weird.
 
2013-10-13 02:40:08 AM

DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.


There's nothing wrong with increasing debt in order to spend to boost the economy.  The best time to borrow and spend heavily is when the economy is weak.  By spurring growth tax revenues and GDP will increase to pay off the earlier spending as well as make the total debt amount smaller in relation to the total economy.

Now, the link doesn't work for me, so I don't know what China is doing, but their economy has been growing recently, so this wouldn't be a bad time for them to pull back the reins, especially in light of concerns that they're sitting near the top of a substantial real estate bubble with empty cities and whatnot.

Steady controllable growth is the ideal case.  If the economy is faltering, it's a good idea to spend to catalyze growth.  If the economy is growing too fast there's a risk of bubbles being created and the have-nots being priced out of the market, so it's a good idea to cut back government investment to flatten out the growth curve a bit.

It's not a matter of 'spending is always bad' or 'spending is always good' but rather that monetary policy should be based on the overall health and current growth rate of a given economy.
 
2013-10-13 02:52:27 AM
<a href="http://www.daytodaynews.com/world-news/as-china-vows-austerity- giant-b rass-fish-devours-11-million.html">Here</a> you go. Word for word copy of the article, no paywall.
 
2013-10-13 03:00:39 AM

TuteTibiImperes: DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.

There's nothing wrong with increasing debt in order to spend to boost the economy.  The best time to borrow and spend heavily is when the economy is weak.  By spurring growth tax revenues and GDP will increase to pay off the earlier spending as well as make the total debt amount smaller in relation to the total economy.

Now, the link doesn't work for me, so I don't know what China is doing, but their economy has been growing recently, so this wouldn't be a bad time for them to pull back the reins, especially in light of concerns that they're sitting near the top of a substantial real estate bubble with empty cities and whatnot.

Steady controllable growth is the ideal case.  If the economy is faltering, it's a good idea to spend to catalyze growth.  If the economy is growing too fast there's a risk of bubbles being created and the have-nots being priced out of the market, so it's a good idea to cut back government investment to flatten out the growth curve a bit.

It's not a matter of 'spending is always bad' or 'spending is always good' but rather that monetary policy should be based on the overall health and current growth rate of a given economy.


They've been saying that for five years. It doesn't work. It can't work (unless you can convince the rest of the world to bomb its industrial capacity back to the stone age).
 
2013-10-13 03:07:57 AM

DrPainMD: TuteTibiImperes: DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.

There's nothing wrong with increasing debt in order to spend to boost the economy.  The best time to borrow and spend heavily is when the economy is weak.  By spurring growth tax revenues and GDP will increase to pay off the earlier spending as well as make the total debt amount smaller in relation to the total economy.

Now, the link doesn't work for me, so I don't know what China is doing, but their economy has been growing recently, so this wouldn't be a bad time for them to pull back the reins, especially in light of concerns that they're sitting near the top of a substantial real estate bubble with empty cities and whatnot.

Steady controllable growth is the ideal case.  If the economy is faltering, it's a good idea to spend to catalyze growth.  If the economy is growing too fast there's a risk of bubbles being created and the have-nots being priced out of the market, so it's a good idea to cut back government investment to flatten out the growth curve a bit.

It's not a matter of 'spending is always bad' or 'spending is always good' but rather that monetary policy should be based on the overall health and current growth rate of a given economy.

They've been saying that for five years. It doesn't work. It can't work (unless you can convince the rest of the world to bomb its industrial capacity back to the stone age).


We haven't been able to spend enough to make a difference in the past five years because the Republicans have kept forcing a smaller budget since the original stimulus.  The original stimulus package did a lot of good, and likely kept the economy from cratering out worse than it would have.  If we'd double or tripled down on it with similar packages aimed directly at jobs training, small business investment, infrastructure, and other things that would have had more of an effect at the ground level we could have been well on the way to a soaring economy by now and have far lower unemployment rates.

Yes, the world economy has changed, and we should look at corporate tax policies, tariffs, and other avenues to help encourage responsible corporate behavior such as hiring more workers domestically instead of outsourcing overseas and paying higher wages with better benefits packages (and helping to strengthen unions would go a long way towards the latter goals) but first and foremost we need money in the system, and that money has to go into the hands of the working and middle class as directly as possible, as time has proven again and again that trickle down doesn't work.
 
2013-10-13 03:18:54 AM

TuteTibiImperes: DrPainMD: TuteTibiImperes: DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.

There's nothing wrong with increasing debt in order to spend to boost the economy.  The best time to borrow and spend heavily is when the economy is weak.  By spurring growth tax revenues and GDP will increase to pay off the earlier spending as well as make the total debt amount smaller in relation to the total economy.

Now, the link doesn't work for me, so I don't know what China is doing, but their economy has been growing recently, so this wouldn't be a bad time for them to pull back the reins, especially in light of concerns that they're sitting near the top of a substantial real estate bubble with empty cities and whatnot.

Steady controllable growth is the ideal case.  If the economy is faltering, it's a good idea to spend to catalyze growth.  If the economy is growing too fast there's a risk of bubbles being created and the have-nots being priced out of the market, so it's a good idea to cut back government investment to flatten out the growth curve a bit.

It's not a matter of 'spending is always bad' or 'spending is always good' but rather that monetary policy should be based on the overall health and current growth rate of a given economy.

They've been saying that for five years. It doesn't work. It can't work (unless you can convince the rest of the world to bomb its industrial capacity back to the stone age).

We haven't been able to spend enough to make a difference in the past five years because the Republicans have kept forcing a smaller budget since the original stimulus.  The original stimulus package did a lot of good, and likely kept the economy from cratering out worse than it would have.  If we'd double or tripled down on it with simi ...


While I agree with you, you're never going to convince him, he's an "Austrian". Keynes was the greatest monster history has ever known.
 
2013-10-13 03:41:32 AM

TuteTibiImperes: DrPainMD: TuteTibiImperes: DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.

There's nothing wrong with increasing debt in order to spend to boost the economy.  The best time to borrow and spend heavily is when the economy is weak.  By spurring growth tax revenues and GDP will increase to pay off the earlier spending as well as make the total debt amount smaller in relation to the total economy.

Now, the link doesn't work for me, so I don't know what China is doing, but their economy has been growing recently, so this wouldn't be a bad time for them to pull back the reins, especially in light of concerns that they're sitting near the top of a substantial real estate bubble with empty cities and whatnot.

Steady controllable growth is the ideal case.  If the economy is faltering, it's a good idea to spend to catalyze growth.  If the economy is growing too fast there's a risk of bubbles being created and the have-nots being priced out of the market, so it's a good idea to cut back government investment to flatten out the growth curve a bit.

It's not a matter of 'spending is always bad' or 'spending is always good' but rather that monetary policy should be based on the overall health and current growth rate of a given economy.

They've been saying that for five years. It doesn't work. It can't work (unless you can convince the rest of the world to bomb its industrial capacity back to the stone age).

We haven't been able to spend enough to make a difference in the past five years because the Republicans have kept forcing a smaller budget since the original stimulus.  The original stimulus package did a lot of good, and likely kept the economy from cratering out worse than it would have.  If we'd double or tripled down on it with similar packages aimed directly at jobs training, small business investment, infrastructure, and other things that would have had more of an effect at the ground level we could have been well on the way to a soaring economy by now and have far lower unemployment rates.

Yes, the world economy has changed, and we should look at corporate tax policies, tariffs, and other avenues to help encourage responsible corporate behavior such as hiring more workers domestically instead of outsourcing overseas and paying higher wages with better benefits packages (and helping to strengthen unions would go a long way towards the latter goals) but first and foremost we need money in the system, and that money has to go into the hands of the working and middle class as directly as possible, as time has proven again and again that trickle down doesn't work.


It's not because they can't, it's because they won't.
 
2013-10-13 04:13:29 AM
Hm, I think the story suffers a bit in translation.


Thе "puffer fish tower" hаѕ аn conveyor tο take visitors up thе homogeneous οf fifteen tаlеѕ іntο thе sculpture's swell tο perspective thе sensuous view nearby thе Yangtze River.

OTOH, going into the sculpture's swell to perspective the sensuous Yangtze River might draw in enough tourists to pay for the $11 million puffer fish tower.
 
2013-10-13 04:14:28 AM

miss diminutive: Sid_6.7: Please log in?

How about you go f*ck yourself instead, NYT?

Anyone else unable to view TFA?

Me.


*puts hand up*

Having not read the article I'm just gonna say that most austerity programs are counter productive.
 
2013-10-13 04:18:50 AM
"puffer fish tower"

Nobody farks with a blowfish.
 
2013-10-13 04:40:51 AM
They really need to stop copying the United States ;)
 
2013-10-13 04:53:40 AM
Thе "puffer fish tower" hаѕ аn conveyor tο take visitors up thе homogeneous οf fifteen tаlеѕ іntο thе sculpture's swell tο perspective thе sensuous view nearby thе Yangtze River.

wtfamireading.jpg
 
2013-10-13 05:01:10 AM
What kind of sadistic fark links to the NY Times paywall BS?
 
2013-10-13 05:14:09 AM

opaqueluminosity: <a href="http://www.daytodaynews.com/world-news/as-china-vows-austerity- giant-b rass-fish-devours-11-million.html">Here</a> you go. Word for word copy of the article, no paywall.


Thank you. I only wanted to see the $11 million giant brass fish, and now I have.

Couldn't with the first link. Mods might want to look at that and put your link there instead.
 
2013-10-13 05:27:31 AM
Who the fark wrote that mess?
 
2013-10-13 05:28:17 AM

ExtremeFajita: Thе "puffer fish tower" hаѕ аn conveyor tο take visitors up thе homogeneous οf fifteen tаlеѕ іntο thе sculpture's swell tο perspective thе sensuous view nearby thе Yangtze River.

wtfamireading.jpg


I'm guessing you are reading Google Translate.


Also, people, don't hate on this project. It fits the Feng Shui of the location as well facing the right direction of the Pa Kua for financial good luck. It also resides within the curve of the dragon (set of the mountain range) so it is protected.


/yeah, not serious
//probably the first time using "hate" as a verb. Hopefully the last
///ease up, it's a tourist attraction
 
2013-10-13 05:48:48 AM
Now that the South-North Project is online, diverting water from the Yangtze to the Yellow River, is there even any water to see?

/DNRTFA
 
2013-10-13 06:02:13 AM
Why not spend all the government wants? All they have to do is charge a higher protection fee from it's successful citizens, because they TOTALLY owe it to society. Easy peasy chineesey.
 
2013-10-13 06:14:00 AM

RealAmericanHero: What kind of sadistic fark links to the NY Times paywall BS?


There must be a few people on here who have subscribed and therefore can read it.

/shrugs
//wouldn't work for me
 
2013-10-13 06:20:30 AM

opaqueluminosity: Here you go. Word for word copy of the article, no paywall.


Heh.
 
2013-10-13 06:21:39 AM
Fish Balls ?
 
2013-10-13 06:38:07 AM

DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.


Don't try to reason with people who are so stupid that they think that the best way to repay a debt is by borrowing more money.

/don't worry, the govt has a plan to pay its debts in cheaper dollars, at which point the liberals will say I told you so as they trundle through the checkout line with $1000 of groceries.
 
2013-10-13 06:42:15 AM

Animatronik: DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.

Don't try to reason with people who are so stupid that they think that the best way to repay a debt is by borrowing more money.

/don't worry, the govt has a plan to pay its debts in cheaper dollars, at which point the liberals will say I told you so as they trundle through the checkout line with $1000 of groceries.


Paid for by food stamps and Wic, courtesy of folk responsible enough to not have children they cannot afford. Also, they totally deserve that steak because other people can afford it and dammit fair is fair.
 
2013-10-13 07:24:06 AM
As long as they don't let their banking system tank their economy then bail out the same system.
 
2013-10-13 07:47:56 AM
The very first link I clicked all day and Avira Antivirus flags it for containing Seedabutor.EB.14 Javascript virus. Thanks China!
 
2013-10-13 07:50:44 AM
I thought Fark had some sort of rule where you could only link to sites that were in ENGLISH.

Seriously, what the fark was that I was reading?
 
2013-10-13 07:53:10 AM

opaqueluminosity: miss diminutive: Sid_6.7: Please log in?

How about you go f*ck yourself instead, NYT?

Anyone else unable to view TFA?

Me.

Did that to me the first time I clicked on it a couple hours ago, then worked when I tried again. Still works now. weird.


I'm not jumping to any conclusions here, but I think ghosts where involved.
 
2013-10-13 08:19:49 AM

DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.


Where do you think money comes from? You do realize it's all made up out of thin air and a mutual decision that paper and electronic information is worth something right?
 
2013-10-13 08:26:20 AM
Sarah Jessica Parker speckled smoking againNеw York, Aug eleven (ANI): Sarah Jessica Parker hаѕ bееn speckled receiving the smoke brеаk іn Greenwich Village, lіkе the teen іn the rebel outfit wіth sunglasses, black tanned hide jacket аnd jeans.Years earlier, thе 48-year-ancient singer hаd publicly ѕаіd thаt ѕhе wаѕ "generally nοt the smoker", thе Nеw York Post reported.Thе 'Sex аnd thе City' Star wаѕ qυеѕtіοnеd іn 2004 bу Larry King іf ѕhе wаѕ the smoker, tο whісh ѕhе hаd аnѕwеrеd thаt ѕhе smoked during thе primary years whіlе personification Carrie bυt thеn ѕhе give up whеn ѕhе hаd the baby.Shе even blamed Paris, іtѕ superb architecture, food аnd booze whеrе ѕhе hаd tο fume fοr hеr purpose іn thе HBO hit.Thе Hollywood star's husband, Mathew Broderick ѕаіd іn the 2008 talk wіth Nеw York repository thаt hе smokes еνеrу right away аnd thеn bυt hіѕ mother Sarah Jessica іѕ worse thаn hіm οn thаt. (ANI)Day Today News
 
2013-10-13 08:34:03 AM

Animatronik: the govt has a plan to pay its debts in cheaper dollars, at which point the liberals will say I told you so as they trundle through the checkout line with $1000 of groceries.


Um, that's EXACTLY the plan.  That's how our monetary policy WORKS.  That's how it's worked for decades.  And while it shouldn't be anytime soon, yes, eventually grocery trips will cost $1000, if all goes as planned.  We deliberately devalue our currency a few ticks a year to keep people from sitting on cash, so that's a matter of when, not if.  If we extrapolate our monetary policy over the last 50 years, eventually a million dollars won't be enough to cover basic necessities.  But by then the median income will probably be well over a million dollars for the exact same reasons, so it's not like the value of the cash will be the cause of problems.  I'm guessing you're terrified of hyperinflation, but your reaction is like someone panicking and propping up a house on stilts because Seattle's getting its usual October drizzle.

It takes a special kind of idiot to be terrified about a plan that's been well-executed for several decades.
 
2013-10-13 08:51:47 AM
TFA: Thе "puffer fish tower" hаѕ аn conveyor tο take visitors up thе homogeneous οf fifteen tаlеѕ іntο thе sculpture's swell tο perspective thе sensuous view nearby thе Yangtze River.

www.culture-games.com
 
2013-10-13 09:04:07 AM
In their defense, it was to attract visitors to their month long gardening expo.  Coming from a tourist town, that has tried bike rallies, and wine festivals to draw in tourist in the off season, I am slapping myself on the forehead for neither thinking of either a month long gardening festival, or a giant hundred foot long brass fish, when making proposals on how to do so.
 
2013-10-13 09:39:19 AM

TwistedFark: I thought Fark had some sort of rule where you could only link to sites that were in ENGLISH.

Seriously, what the fark was that I was reading?


The words are in English.  Looked like somebody used the Babel fish to write about the Puffer fish.
 
2013-10-13 09:58:42 AM
Why you not rike brig frish?
 
2013-10-13 10:01:28 AM
Why I read the latter part of that headline in the voice of Don Adams, I'll never know.
 
2013-10-13 10:05:42 AM

DrPainMD: fusillade762: PSST! No one tell them...

IMF: Austerity is much worse for the economy than we thought

The only thing that's worse is basing your economy on ever-increasing borrowing, to the point where you have to create new money out of thin air just to have some to borrow.


Actually, "borrowing" money which can then simply be printed out of thin air for repayment is the best way to do it....
 
2013-10-13 10:08:06 AM
So that's what those a-holes have been doing with all my cartridge brass?

OK, Better giant puffer fish than actual ammunition.
 
2013-10-13 10:18:37 AM
It was going to cost $14 million, but careful management managed to keep it down to just $11 million, which is a management victory.
 
2013-10-13 10:48:15 AM
Is the brass fish big enough to boil people alive in?
 
2013-10-13 10:49:54 AM

Gyrfalcon: Hm, I think the story suffers a bit in translation.


Thе "puffer fish tower" hаѕ аn conveyor tο take visitors up thе homogeneous οf fifteen tаlеѕ іntο thе sculpture's swell tο perspective thе sensuous view nearby thе Yangtze River.

OTOH, going into the sculpture's swell to perspective the sensuous Yangtze River might draw in enough tourists to pay for the $11 million puffer fish tower.


Hmm, I was just planning to put $5 in a tip jar for Meow Said the Dog. It's obvious she wrote this dazzling piece.
 
2013-10-13 11:53:49 AM
Thаt mау good bе rіght, bυt nοt everybody sees іt аѕ the virtue. Chinese headlines outlets ѕаіd thе coronet аnd steel fοr thе fish price аbουt $ 1.7 million, raising qυеѕtіοnѕ аbουt whеrе thе rest οf thе income wеnt.

Well, we hope it didn't all go into hiring the very best team of translators available.
 
2013-10-13 12:06:41 PM
Chinese Building Contractor: "Please, please, please. Let me build just one more useless city, then I'll go along with austerity, Please."
 
2013-10-13 12:33:44 PM
take me to the river...
drop me in the water..


/what i had to do it?
 
2013-10-13 12:50:32 PM
One of my favorite things about China was driving through long stretches of dirt-road agricultural villages only to come upon a three-story high shining stainless steel abstract sculpture.  Trippy.
 
2013-10-13 01:10:10 PM

Monkeyhouse Zendo: TFA: Thе "puffer fish tower" hаѕ аn conveyor tο take visitors up thе homogeneous οf fifteen tаlеѕ іntο thе sculpture's swell tο perspective thе sensuous view nearby thе Yangtze River.

[www.culture-games.com image 409x425]


Also:

Zhengzhou, thе collateral οf Henan Province, іѕ аlѕο home tο the cut with the chisel οf two pigs іn the frolicking embrace. Frοm sold angles, thе pigs force crop up tο bе mating.
 
2013-10-13 01:39:28 PM
Thе stream puffer fish іѕ аn pricey sweetmeat іn раrtѕ οf Jiangsu Province, аnd Yangzhong officials hаνе promoted thе pleasures οf eating іt, notwithstanding thе risks οf poisoning іf іt іѕ nοt scrupulously prepared.

Poison fish, poison fish... tasty fish!

i293.photobucket.com

/oblig.
 
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