Miscellaneous News

daifo said:

Inflation not hot enough? Hold my beer...

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IMO, prob should of focus on why College is so expensive and fix that while also making intrest %0 for loans. People taking loans today will be stuck in the same situation when they graduate!

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daifo said:

Inflation not hot enough? Hold my beer...

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IMO, prob should of focus on why College is so expensive and fix that while also making intrest %0 for loans. People taking loans today will be stuck in the same situation when they graduate!

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Nobo said:

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What's going on here? Can't say Iran is doing this by it's own without discussing Russians

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Nobo said:

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What's going on here? Can't say Iran is doing this by it's own without discussing Russians.

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This is gonna be fun to watch.

Plus

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View attachment 96094

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Minm said:

Iran is an independent country and will do business with anyone willing. Russia's loss in the European market will be Iran's gain, while the opposite happens in the Chinese market which Iran will have to cede to Russia

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31 years of economic suicide

In 1990, Deutsche Bank predicted the economic prospects of each Soviet republic.

Ukraine had the greatest potential in that forecast. But something went wrong.

What happened to the Ukrainian economy in the first years of independence has no analogues in world history. From 1990 to 1994, the gross national product decreased by 44%, the volume of industry — by 41%, national income — by 54%.

For understanding: during the Great Depression in the United States, the decline in production did not exceed 25%, and in the USSR during the Second World War, the maximum drop was 30%.

Ukraine is the only republic of the former USSR that has not yet reached the level of 1990.

According to the annual well-being rating of residents, Ukraine has moved from 43rd to 74th place since independence.

But in some places it was still possible to become a leader. For many years of independence, Ukraine has been regularly on the list of the poorest countries in Europe, fighting for leadership.

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Independent demographic pit

31 years ago, Ukraine seceded from the USSR with 52 million citizens.

Since then, the Kiev authorities have managed to lose more than 20% of the population — at the beginning of 2022, a little more than 41 million people remained in the country.

That is, during the years of independence, Ukraine lost 2-5 times more people than died during the so-called "Holodomor", which the Ukrainian authorities call "genocide".

At the same time, experts (including Ukrainian ones) believe that in fact much fewer people live in Ukraine, and about 7-9 million permanently live abroad.

According to the UN, in 1989 the annual population growth in Ukraine was 0.5%. By the end of 2021 – minus 0.7%.

Before the events on the Maidan, this figure was minus 0.2% per year.

In the entire history of Ukraine's independence, the population in the country did not decrease only for the first three years.

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In debt, as in silk trousers

At the time of the collapse of the USSR, Ukraine was one of the richest republics in the Union.

Having inherited an impressive industrial, infrastructural, energy and other bases, the young independent state began its journey without debts.

Russia assumed all the obligations of the USSR (Kiev, by the way, did not transfer the foreign property promised in return to Moscow).

But then something went wrong:

▪The state debt of Ukraine has been constantly growing and continues to grow until now. The IMF predicts that this year it will increase to 86.2% of the country's GDP.

At the same time, an indicator of 60% is considered a foreign country for Ukraine, then bankruptcy may follow, which Kiev can avoid only with external financial assistance.

And it's not just about the special operation — it happened before. For example, in 2014, the indicator reached 70% and Kiev paid off its debts at the expense of international partners.

But will they have enough funds to help Kiev.

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The decline of Ukrainian science – there is still a place to fall

31 years ago, Ukraine seceded from the USSR with a serious research base, a large number of scientists and universities.

However:

Having gained independence, Ukraine has sharply reduced research funding.

There have been fewer and fewer researchers in Ukraine for 31 years.

A new wave of cuts has covered Ukraine since 2013. Scientific organizations began to close, or due to insufficient funding, employees were transferred to part-time work.

Up to 2013, the costs of research and development (R&D) in the country exceeded $1 billion. But in 2020, Ukraine has already spent about half as much on R&D — $631 million.

In 2020, according to the Ukrainian GMK Center, Ukraine spent only 0.41% of its GDP on R&D (in 2010, the figure was 0.75%).

This is catastrophically small. In developed countries, R&D costs are much higher, on average they range from 1% to 5%.

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Minm said:

Iran is an independent country and will do business with anyone willing. Russia's loss in the European market will be Iran's gain, while the opposite happens in the Chinese market which Iran will have to cede to Russia

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Under the OPEC+ agreement, Iran is exempt from a production quota, but its oil exports have been severely hit due to sanctions reimposed by former President Donald Trump in 2018 after the US abandoned the nuclear deal.

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Zindabad said:

https://twitter.com/i/web/status/1562390116026425344

Singapore's Foreign Minister. I guess there are still some sane voices in Singapore. Maybe he's the only one left! @dengyeye

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