Posted on 04/25/2021 9:42:36 AM PDT by SeekAndFind
:)
A wealhy Chinese man in the insurance business bought the iconic Waldorf Astoria Hotel for over a billion dollars.
The Chinese govt came along and asked him where he got they money to buy the hotel.
Owning private property is not allowed in the Communist world....
......sooooooo....... now the Chinese govt owns the hotel. ....
They closed it down for two years to renovate and turn some suites into condos.
The multi-million dollar condos went on the market just before the virus hit.
SCHADENFREUD IN CHINESE:
幸灾乐祸
Empty mall.
The 2005 Chinese property bubble was a real estate bubble in residential and commercial real estate in China. The New York Times reported that the bubble started to deflate in 2011,[1] while observing increased complaints that members of the middle-class were unable to afford homes in large cities.[2] The deflation of the property bubble is seen as one of the primary causes for China's declining economic growth in 2013.[2]
The phenomenon had seen average housing prices in the country triple from 2005 to 2009,[3] possibly driven by both government policies and Chinese cultural attitudes. High price-to-income and price-to-rent ratios for property and the high number of unoccupied residential and commercial units have been cited as evidence of a bubble. Later, average housing prices in the country increased between 2010 and 2013,[4]
Critics of the bubble theory point to China's relatively conservative mortgage lending standards and trends of increasing urbanization and rising incomes as proof that property prices are justified.[5]
Thanks....lol.
the chinese were successful in getting rid of trump with a so called “deadly virus” and creating a new batch of chicken littles screeching “we’re all gonna die” while communists take over our country...
Very likely if Trump was in Hong Kong would not have gone
.
#2 What is that saying about statistics: “There are three kinds of lies: lies, damned lies, and statistics.”
Facts are stubborn things, but statistics are pliable.
There are two ways of lying.
One, not telling the truth and the other, making up statistics.
At work we have new managers from India. They use reports as a way to show they are getting more done sooner when actually less is done and taking longer. The reports higher ups see are the level 1 tech guys (me) having to close a ticket in 10 mins or less. If transferred to another dept that is not reported.
They want us to have a call time under 10 minutes and close all tickets 80% of the time without transferring to another dept. We have to transfer as we do not have the access anymore that we use to. We must have our tickets closed within 3 days. We usually are waiting on a reply from a user. The other groups do not seem to have a time table judging by the complaints we get from users waiting to have a simple issue fixed that we use to take care of right away.
I had a area vice president email me showing an email to my manager’s managers boss complaining about the slowness in getting issues fix. The reply back was the equivalent of my dog ate my homework excuses.
I’ve heard more than one Chinese watcher say China’s not bad for the leading everyone.
For example, there are 1.6 million luxury cars sold into China (2018 industry figure). Compare that to the U.S. where 1.2 million luxury cars are sold each year.
So the ruling mercantile class is quite comfortable. However, for the great masses of people, life is not so great.
Great movie.
“Him dead already. And him don’t even know it.”
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