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[-] Hirom@beehaw.org -1 points 3 days ago* (last edited 3 days ago)

Thanks for the links, it's interesting background. In that article from February 2021, The Artlantic states "There was also never a default".

There was indeed no default as of February 2021. The default occured later, in April-May 2022, so we can't expect a past article to include that information.

All major lenders need to take part in restructuring the debt indeed. That occured in 2023, and multiple lenders asked for a restructuring deal similar to the first one signed with China. I don't know about the US, but Japan/India/French lender were looking for a similar restructuration terms. That sounds fair to me.

A debt rework between Sri Lanka and countries including Japan, India and France was also expected this week, but news of the EXIM deal took them by surprise. The three nations request comparability of debt treatment with China.

"As far as the information we have is concerned, conditions set by China are comparable to ours," Kanda said.

The country's default is clear evidence the overall debt wasn't sustainable. Both Sri Lanka and its lenders have a responsibility on this. China is often the first mentioned because it was (still is?) Sri Lanka's biggest foreign lender, although it would be good to have transparency of the country's debt and interest rates on a per-lender basis, to see which ones are the most sustaonables.

[-] Hirom@beehaw.org -5 points 3 days ago* (last edited 3 days ago)

The 2022 bloomberg article you cite first state:

It didn’t provide details on the value of the loans which it said matured at the end of 2021, nor did it state which nations owed the money.

I couldn't read much further due to the paywal.

The Bloomberg article has too few details to make conclusions. We don't know if AP and Bloomberg articles are referring to the same countries, nor whether it's a significant portion or that country's debt toward China.

The Reuters 2021 article has more details, and cite write-offs, as well as specific countries benefiting from deferrals: Angola, Pakistan, Kenya, the Republic of Congo. It's good to read there's some willingness to accomodate some countries.

Sadly that didn't prevent Zambia and Sri Lanka from defaulting. China has lended hundred of billion of dollars with unsustainable terms, and this contributed to countries defaulting. That's a bad situation for everyone involved.

[-] Hirom@beehaw.org -5 points 3 days ago* (last edited 3 days ago)
[-] Hirom@beehaw.org 15 points 1 week ago

Better late than never.

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[-] Hirom@beehaw.org 15 points 1 week ago

Scientists don't have to explain why they're leaving twitter. The reasons should be obvious to anyone familiar with Twitter.

Journalists need to explain why they're still on Twitter, given that platform has so much bots, trolls, hate and lack moderation.

[-] Hirom@beehaw.org 8 points 1 week ago* (last edited 1 week ago)

Once the war in Ukraine is over, weaponized drones won't just vanish. They're already made by companies with different level of ethics and any country able to pay is or will be able to buy them. Sooner or later, like many weapons, organised crime will get their hands on them, and use them outside of battlefield.

There's no way to completely prevent it, but we could at least limit damage by regulating the shit out of drones.

[-] Hirom@beehaw.org 2 points 1 week ago
[-] Hirom@beehaw.org 16 points 1 week ago* (last edited 1 week ago)

A call for resignation may only be the first step, or a way to confront him and calling out his failures.

[-] Hirom@beehaw.org 14 points 2 weeks ago* (last edited 2 weeks ago)

Nice.

~~Does Forgejo support Git? I'm not familiar with Forgejo, and it's not obvious in this announcement or their homepage.~~

Forgejo does support Git, I didn't read carefully enough.

[-] Hirom@beehaw.org 6 points 2 weeks ago* (last edited 2 weeks ago)

I was about to say people can walk and chew gum. But this kind of miss the point.

This is not space exploration, this is not for science's sake. This is about extracting resources, and making a profit. I heard one of these companies perpetuate the idea that there's virtually infinite resource, which imply we can continue with humanity's exponential growth without negative consequences. That mindset landed us in the inextricable mess we're in.

[-] Hirom@beehaw.org 61 points 2 weeks ago

GIMP 2.99.99.1.5-final-reallyfinal-rc64-proper

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Hirom

joined 2 years ago