Breaking & World News! III NO DISCUSSION!!


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In case you missed it, C Ronaldo calls Chinese New Year what it is.... koreans went hopping mad.

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Some Koreans, Not all Koreans. Besides, the Koreans that went hopping mad, are nothing but pathetic losers that are trying to find meaning in their otherwise miserable existence. IMHO most Koreans aren't that insecure or bothered with actually calling and recognizing what's essentially a Chinese origin and celebrated festivity; The Chinese New Year/Spring Festival.


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Now that's a retort...

It should be noted that US institutions/funds own more of Zambia's debt, around 65%, than China.

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China tells U.S. to fix its own debt problems after Yellen Africa remarks​

U.S. Treasury Secretary Janet Yellen meets Chinese Vice Premier Liu He, in Zurich

U.S. Treasury Secretary Janet Yellen reacts during a meeting with Chinese Vice Premier Liu He in Zurich, Switzerland, January, 18, 2023. REUTERS/Denis Balibouse/File Photo

WASHINGTON, Jan 24 (Reuters) - After U.S. Treasury Secretary Janet Yellen
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to debt reform in Africa this week, Chinese officials in Zambia had a pointed response - get your own house in order.

The Chinese Embassy in Zambia said on its website Tuesday "the biggest contribution that the U.S. can make to the debt issues outside the country is to act on responsible monetary policies, cope with its own debt problem, and stop sabotaging other sovereign countries' active efforts to solve their debt issues."

Republicans in the House of Representatives are using a risky, unusual threat to refuse to vote in a new
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, a figure that reflects money already spent and now owed by the government, to pressure the Biden administration and Democrats to cut spending programs. So far, the Biden White House is
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, counting on hardline Republicans to step back under pressure from businesses,
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and moderates.

U.S. national debt is about $31 trillion, a figure that has skyrocketed since 2000's $5.6 trillion thanks in part to increased spending for an aging population, outlays for Iraq and Afghanistan wars, COVID-19 programs and tax cuts that trimmed revenues.

Yellen and International Monetary Fund Managing Director Kristalina Georgieva
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in Zambia Sunday to highlight the need for debt reform in Africa.

Zambia defaulted on its debt in 2020 and has made little progress to restructure it with Chinese and private creditors to date, a situation that has helped pushed citizens into poverty.

The world's poorest countries faced $35 billion in debt-service payments to official and private-sector creditors in 2022, more than 40% of which was due to China, the World Bank said.

The U.S. Federal Reserve's rate increases, designed to tame inflation at home, and the appreciating U.S. dollar
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to African countries' debt service burden, the African Development Bank said last week.
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