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(Al Jazeera)   IMF warns of growing threats to global economic recovery, pointing to a "dangerous divergence" between richer and poorer countries and calls the entire situation unbelievable, whoa   (aljazeera.com) divider line
    More: Scary, World Bank, Developing country, International Monetary Fund, global economy, poorer countries, low-income developing country group, Food prices, Economics  
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1260 clicks; posted to Main » on 13 Oct 2021 at 1:05 PM (8 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



36 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2021-10-13 11:56:00 AM  
nOt a pRoBLeM, aLL tHaT mAtTeRs iS tHaT i aM pErSoNaLLy sAtiSfIEd
 
2021-10-13 1:05:54 PM  
No one who runs anything in the world cares.
 
2021-10-13 1:06:51 PM  

austerity101: No one who runs anything in the world cares.


Yep. And we're done here.
 
2021-10-13 1:08:09 PM  
Money hoarding vs. humanity.
 
2021-10-13 1:08:58 PM  
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It's not just the divide between rich and poor countries - it's the gulf between rich and poor People.
 
2021-10-13 1:11:03 PM  
Don't worry the rich will build their rockets and go to other planets to start over while the of us fight over nothing.
 
2021-10-13 1:11:08 PM  
Worst. Wage-slavery. Ever.
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2021-10-13 1:13:05 PM  
Doot Doot Do-Doot...
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2021-10-13 1:18:03 PM  

groppet: Don't worry the rich will build their rockets and go to other planets to start over while the of us fight over nothing.


Might be the best outcome. Having the rich all on one planet clearly isnt helping.
 
2021-10-13 1:22:57 PM  

el_mocoso: Doot Doot Do-Doot...[Fark user image 706x900]


The first (and only?) TV theme song in 5/4 time which is a musical representation of M.I. in Morse code (_ _ ..).
 
2021-10-13 1:27:28 PM  
Feed them the cookies from that pissant website.
 
2021-10-13 1:33:54 PM  
What, is the Obvious tag on holiday, peeping leaves or something?
 
2021-10-13 1:46:23 PM  
This MF agrees.
 
2021-10-13 1:48:04 PM  
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2021-10-13 1:53:59 PM  

groppet: Don't worry the rich will build their rockets and go to other planets to start over while the of us fight over nothing.


I half expect the last couple millionaires who leave earth in 300 years to be like the first episode of Firefly. They will be "forced" to use the last remaining technology and resources, and build a nuclear power rocket, pull a Crazy Ivan, and leave the rest of us in a nuclear winter wasteland  all the while sipping "legally distinct, but similar to, champagne ".
 
2021-10-13 2:12:27 PM  

ZMugg: el_mocoso: Doot Doot Do-Doot...[Fark user image 706x900]

The first (and only?) TV theme song in 5/4 time which is a musical representation of M.I. in Morse code (_ _ ..).


What time signature is the Adam Clayton version in?
 
2021-10-13 2:23:48 PM  
You might say that fixing the rich/poor polarization is...
*dramatic sunglasses*
...Mission: Impossible.
 
2021-10-13 2:30:49 PM  

steklo: ZMugg: el_mocoso: Doot Doot Do-Doot...[Fark user image 706x900]

The first (and only?) TV theme song in 5/4 time which is a musical representation of M.I. in Morse code (_ _ ..).

What time signature is the Adam Clayton version in?


The intro is 5/4, then it switches to 4/4 for...reasons.
 
2021-10-13 2:30:54 PM  
EMF, subby, not IMF.
 
2021-10-13 2:40:16 PM  

ZMugg: The intro is 5/4, then it switches to 4/4 for...reasons.


I love the time signature change in We Can Work It Out by the Beatles. (Harrison's idea)

and of course the one in Pink Floyd's Money.

According to Dave Gilmour:

"It's much easier for me to play in 4/4."
 
2021-10-13 3:08:26 PM  

steklo: I love the time signature change in We Can Work It Out by the Beatles. (Harrison's idea)


"All You Need is Love" 7/4 in the verse 4/4 in the chorus.

More here.
 
2021-10-13 3:09:19 PM  

ZMugg: el_mocoso: Doot Doot Do-Doot...[Fark user image 706x900]

The first (and only?) TV theme song in 5/4 time which is a musical representation of M.I. in Morse code (_ _ ..).



Don't know about timing but the theme song for Inspector Morse is great and also uses Morse code. I hear that sometimes the composer snuck in hints to the murder in the song for the episode?

either way, it is also cool
 
2021-10-13 3:31:11 PM  

Permanent Solutions For Permanent Problems: You might say that fixing the rich/poor polarization is...
*dramatic sunglasses*
...Mission: Impossible.


Not without revolution.
 
2021-10-13 4:09:48 PM  

Ritter_Rote: on't know about timing but the theme song for Inspector Morse is great and also uses Morse code.


Rush's  YYZ is also drummed out in morse code at the start of the song or something like that.
 
2021-10-13 4:10:27 PM  

ZMugg: "All You Need is Love" 7/4 in the verse 4/4 in the chorus.


ah yes...sure is. I always forget that one.
 
2021-10-13 4:15:45 PM  
"IMF chief economist Ric Romero elaborated on those pandemic dynamics in a virtual news conference on Tuesday, saying that global supply shortages in the face of resurgent demand are triggering commodity price inflation that is being passed on to consumers."
 
2021-10-13 4:24:19 PM  

Karma Chameleon: groppet: Don't worry the rich will build their rockets and go to other planets to start over while the of us fight over nothing.

Might be the best outcome. Having the rich all on one planet clearly isnt helping.


I was hoping they'd blow themselves up and we could pick through the ashes.

Next hope is that intelligent life will stop humans from spreading to other parts of the universe. Basically the same as my first hope.
 
2021-10-13 4:32:49 PM  
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2021-10-13 4:51:12 PM  
Here's the problem.

Despite "wealth hoarding" whatever that may mean (since money is not gold anymore), the overall standard of living worldwide is still improving. Even in nations where the majority live on a dollar a day, the absolute standard is still better in 2021 than it was in 1980.

Infant mortality is down, famines are more widely spaced, endemic warfare is declining, healthcare is improving. The reasons for this are beyond a discussion here; but it is still true. And it is difficult to get people who are doing better than they were to want to change the status quo.

Yeah, it sucks that some people get to have six yachts with their own pet yachts; it sucks that spoiled billionaires choose to play Duck Dodgers instead of fixing some problems on Earth; but when overall things are generally not bad, it's hard to make people care.

tl;dr: class revolution is for the privileged.
 
2021-10-13 5:32:54 PM  

gameshowhost: nOt a pRoBLeM, aLL tHaT mAtTeRs iS tHaT i aM pErSoNaLLy sAtiSfIEd


Exactly.
We be 🐸 in pot of soon to be boiling water.
 
2021-10-13 5:33:58 PM  

groppet: Don't worry the rich will build their rockets and go to other planets to start over while the of us fight over nothing.


My money says they blast 🌎 as they pass the  🌙
 
JD [TotalFark] [OhFark]
2021-10-13 6:50:43 PM  
Nice to know of Dr. Gita Goliath!

;)
 
JD [TotalFark] [OhFark]
2021-10-13 6:51:57 PM  

JD: Nice to know of Dr. Gita Goliath!

;)


Gopinath

//stupid spell checker
 
2021-10-13 9:02:42 PM  
It's hard to have a functional economy when the richest people hoover up all the money and keep it.
 
2021-10-13 10:04:21 PM  

Gyrfalcon: Here's the problem.

Despite "wealth hoarding" whatever that may mean (since money is not gold anymore), the overall standard of living worldwide is still improving. Even in nations where the majority live on a dollar a day, the absolute standard is still better in 2021 than it was in 1980.

Infant mortality is down, famines are more widely spaced, endemic warfare is declining, healthcare is improving. The reasons for this are beyond a discussion here; but it is still true. And it is difficult to get people who are doing better than they were to want to change the status quo.

Yeah, it sucks that some people get to have six yachts with their own pet yachts; it sucks that spoiled billionaires choose to play Duck Dodgers instead of fixing some problems on Earth; but when overall things are generally not bad, it's hard to make people care.

tl;dr: class revolution is for the privileged.


There are all kinds of reasons that things are improving, and certainly that is true. And it is even more true, in relative terms, throughout the lower wealth and lower income countries of the world. That is the good news. And if you go outside of the US, you can see it. I know I can. Thailand, Vietnam, Korea, China, SIngapore, etc. All are moving up to higher standards of living.

But not the US. Not really. I have often said that being poor in a lot of countries is a lot better than being poor in the US. And being rich in the US is probably a lot better than being rich in most countries. That is increasingly true.

Regarding wealth hoarding, here is what I would say. It has long been argued that wealth has to be spread around to benefit people. Municipal bonds and trade credit do a lot more for the economy than a vacant warehouse that some plutocrat is keeping as a tax dodge. Investing in a restaurant, whether the place fails or not, is going to do more for a local economy than an eighth of a point rise in Walmart shares. One 500,000 dollar vehicle is not going to raise everyone's living standard as much as 25  20,000 dollar vehicles.

Money is being sucked into assets that don't improve life for "people." Bitcoin, rental properties that never get rented to anyone, gold, futures and options.... speculative assets, not productive assets or traded assets.

And this is occurring when we are supposed to be investing heavily in sustainable assets, renewables, infrastructure, etc. And that is not happening. Thus the frustration and jeering at trickle down.
 
2021-10-14 10:00:44 AM  
The more the central banks print away the more they dilute everyone's buying power.  We are so screwed.
 
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