Re: Newfoundland Will be the First Domino to Fall: Province is Teetering on Bankruptcy

[Anonymous]

The Chinese that emigrate have money..



They take a reduction in living standards for a few years, get a passport and then return home.



Not to mention China offers incentives to returnees.



China's Return Migration and its Impact on Home Development

https://unchronicle.un.org/article/chinas-return-migration-and-its-impact-home-development">https://unchronicle.un.org/article/chin ... evelopment">https://unchronicle.un.org/article/chinas-return-migration-and-its-impact-home-development

[@realAzhyaAryola]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

[Anonymous]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

Why?

[@realAzhyaAryola]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

Why?

"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."



https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/">https://foreignpolicy.com/2011/05/18/wh ... -european/">https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/

[Anonymous]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

Why?

"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."



https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/">https://foreignpolicy.com/2011/05/18/wh ... -european/">https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/

So, a Japanese or Korean could not hold either position.

 

[@realAzhyaAryola]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

Why?

"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."



https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/">https://foreignpolicy.com/2011/05/18/wh ... -european/">https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/

So, a Japanese or Korean could not hold either position.

 

Sorry!  ac_toofunny

[Anonymous]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

Why?

"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."



https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/">https://foreignpolicy.com/2011/05/18/wh ... -european/">https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/

So, a Japanese or Korean could not hold either position.

 

They get to serve the ramen.

[Odinson]

I'd like to know where this guy hails from and why he is begging.

Looks like a dopehead... He spent his welfare check on dope..



Now he needs more money for dope.

[@realAzhyaAryola]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

Why?

"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."



https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/">https://foreignpolicy.com/2011/05/18/wh ... -european/">https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/

So, a Japanese or Korean could not hold either position.

 

They get to serve the ramen.

 ac_lmfao

[Anonymous]

The Managing Director of the IMF must always be a European while the President of the World Bank must always be an American. ac_smile

Why?

"The policy is a long-standing "gentlemen's agreement" under which the IMF managing director is a European and the World Bank president is an American. There's no mention of the director's nationality in the IMF's Articles of Agreement, which state only that the director is appointed by the organization's executive board. The voting rules are set up so that countries with the highest "quotas" — a measure of the size of their economy and economic viability — are given preference for membership. In practice, for most of the IMF's history, this has meant that the United States and Western Europe have dominated the board."



https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/">https://foreignpolicy.com/2011/05/18/wh ... -european/">https://foreignpolicy.com/2011/05/18/why-is-the-imf-chief-always-a-european/

So, a Japanese or Korean could not hold either position.

 

They get to serve the ramen.

 ac_lmfao

That was good. ac_toofunny

[caskur]

I'd like to know where this guy hails from and why he is begging.

Looks like a dopehead... He spent his welfare check on dope..



Now he needs more money for dope.

Apparently there are others that beg also. I'm waiting for confirmation from my aunty when she comes over to see if he is the same person that asked her for money.



That blanket was clean and his shoes looked new. That means somewhere he has a roof over his head,...

[Anonymous]

U.S. GDP fell 4.8 per cent in Q1. The worst since 2008. This included the month of January that saw close to 300, 000 jobs created. Q2 will be much worse.



That couldn't stop North American stock markets from continuing their powerful rebound from the coronavirus crash, with all major indices surging more than two per cent for the day. Wednesday's gains appeared to be driven by a positive update from Gilead Sciences Inc. on its efforts in testing a drug, Remdesivir, to treat COVID-19. There are hopes that the drug, if successful, will allow some semblance of normalcy to return to the economy.

[@realAzhyaAryola]

U.S. GDP fell 4.8 per cent in Q1. The worst since 2008. This included the month of January that saw close to 300, 000 jobs created. Q2 will be much worse.



That couldn't stop North American stock markets from continuing their powerful rebound from the coronavirus crash, with all major indices surging more than two per cent for the day. Wednesday's gains appeared to be driven by a positive update from Gilead Sciences Inc. on its efforts in testing a drug, Remdesivir, to treat COVID-19. There are hopes that the drug, if successful, will allow some semblance of normalcy to return to the economy.

Astonishingly good news.

[Anonymous]

U.S. GDP fell 4.8 per cent in Q1. The worst since 2008. This included the month of January that saw close to 300, 000 jobs created. Q2 will be much worse.



That couldn't stop North American stock markets from continuing their powerful rebound from the coronavirus crash, with all major indices surging more than two per cent for the day. Wednesday's gains appeared to be driven by a positive update from Gilead Sciences Inc. on its efforts in testing a drug, Remdesivir, to treat COVID-19. There are hopes that the drug, if successful, will allow some semblance of normalcy to return to the economy.

Astonishingly good news.

There will be a correction in the markets. I would guess in the neighbourhood of ten per cent. The market rise is not based on earnings. It's based on containment and now the possibility of treatments for COVID-19.

[Anonymous]

Canada's economic growth was flat in February even before the lockdowns started. Our Q1 growth will be released on May 29. It will be very bad. Q2 will be much worse.