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Cientos de Erasmus españoles “tirados”, sin un techo donde dormir en Italia
Cientos de estudiantes Erasmus españoles se encuentran “tirados” en varias ciudades Italia ante la imposibilidad de encontrar alojamiento. Los jóvenes han denunciado a través de las redes sociales que muchos de ellos están durmiendo en estaciones de tren, autobús e, incluso, en la calle porque no encuentran pisos para alquilar. Los más afortunados han conseguido habitaciones en hostales o comparten entre varios pisos alquilados a través de plataformas como Airbnb.Es el caso de Diego Díez, uno de los estudiantes que se encuentra en Roma, que ha asegurado a Efe: “No sé donde voy a dormir hoy, pero aunque sea entre los estudiantes de Erasmus nos estamos ayudando mucho”.Díez explicó que estuvo meses buscando un alquiler a través de internet, pero al no encontrar nada decidió viajar a Italia con la esperanza de seguir buscando a través de inmobiliarias mientras reside provisionalmente en hostales o alquileres vacacionales.
Wall Street Risks a Breaking Point After Week of Monetary Mania*Extreme moves are flaring up across asset classes and regions*Freakish gyrations put stress on risk models used by big moneyCentral bankers are hellbent on tightening the monetary spigots even if something in financial markets breaks. After haywire cross-asset moves this week, that tipping point looks dangerously close.As the S&P 500 plunged another 4.7% over five days, bonds and currencies staged historic gyrations that threaten to cause fresh havoc for stock investors already grappling with the lows of this bear market.Treasury yields leaped above levels last seen more than a decade ago, with the speed of the selloff proving frenetic even by the standards of a manic 2022. The dollar soared to a two-decade high, tightening financial conditions for a slew of borrowers in the developed and emerging world while causing Japan to intervene to support the yen for the first time since 1998.For good measure, UK bonds and the pound sank faster than any time in the past four decades -- an in-tandem plunge typically seen in emerging-market trading -- as Britain’s fiscal policy makers unleashed a risky new growth plan. With more hawkish monetary action coming, get ready for all manner of freakish cross-asset moves in a world of thin liquidity from stocks to Treasuries. “What we’re seeing is a massive spike in cross-asset volatility and it is leading to a deleveraging or derisking across all asset classes,” said Benjamin Dunn, president of Alpha Theory Advisors. Whether risk models typically used by the big money can cope with what’s shaping up to be the fastest global monetary tightening campaign in the modern era is the big question. If more big moves rock Wall Street and beyond, trading signals that guide how professional investors allocate money risk turning red -- threatening more liquidations and volatility. “Most models are not used to these several standard deviation moves we are seeing almost on a daily basis,” Christian Hoffmann, portfolio manager at Thornburg Investment Management, said in an interview on Bloomberg TV. “We’re not seeing a real liquidity crisis yet but the market remains incredibly fragile.” There have been few signs of outright panic right now. But the danger lurks that a wave of selling spills into other assets. Big asset managers operate under risk-management frameworks where rising volatility often necessitates the unloading of portfolios, a process sometimes referred to as a VAR shock in a reference to the value-at-risk model. To Alpha Theory’s Dunn, Friday’s collapse in British bonds and currencies may have become an event risk that contributed to the rout in assets like oil and silver. Yields in 10-year UK government bonds saw their biggest one-day jump on record after a tax-cut package fueled concerns about inflation and further monetary tightening. The pound tumbled to the lowest level since 1985, sliding 3.5% in the third-largest drop in 20 years.“These look like forced liquidations,” Dunn said.
China’s CCB to Set Up $4.2 Billion Fund to Buy Properties*Fund will purchase existing assets from real estate firms*Government has ramped up efforts to rein in property crisisChina Construction Bank Corp. will set up a 30 billion yuan ($4.2 billion) fund to buy properties from developers, as policy makers beef up efforts to contain a real estate crisis that’s weighing on the economy.The fund will “invest in existing assets” of real estate companies and renovate the properties into rental housing, the lender said in a statement to the Shanghai stock exchange Friday. The fund lasts for 10 years, with a possible extension, according to CCB, which is one of China’s big four state-owned lenders.By establishing the fund, CCB “helps explore the new growth model of the real estate market and facilitates the stable and healthy development of the property sector,” it said in the statement. The country’s banking regulator has approved the investment in the fund, it added.China’s real estate companies have been grappling with a credit crunch after the government earlier tightened lending to the sector to reduce debt risks. The financial health of developers has worsened as property sales slumped, sparking a nationwide crisis where home buyers are boycotting mortgage payments to protest the failure of developers to deliver projects.Authorities have taken several steps to stem the downturn that’s hurt economic growth as well as government income from land sales. They cut interest rates, asked banks to meet the reasonable financing needs of developers, and are offering special loans totaling 200 billion yuan through policy banks to ensure property projects are delivered.The country has also sought to expand the rental housing market to ensure sustainable growth in real estate over the long term and CCB has been spearheading that national strategy. The bank had 181 billion yuan in outstanding loans related to rental housing by the end of June, 35% more than at the end of December. A home-leasing platform it operates has covered 96% of areas at the city level and above in China, according to its first half report this year.
CitarGoogle CEO Pichai Tells Employees Not To 'Equate Fun With Money' in Heated All-Hands MeetingPosted by msmash on Friday September 23, 2022 @11:27AM from the closer-look dept.As Google tries to navigate an unfamiliar environment of slowing growth, cost-cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on the defensive. From a report:CitarAt a companywide all-hands meeting this week, Pichai was faced with tough questions from employees related to cuts to travel and entertainment budgets, managing productivity, and potential layoffs, according to audio obtained by CNBC. Pichai was asked, in a question that was highly rated by staffers on Google's internal Dory system, why the company is "nickel-and-diming employees" by slashing travel and swag budgets at a time when "Google has record profits and huge cash reserves," as it did coming out of the Covid pandemic. "How do I say it?" Pichai began his measured response. "Look, I hope all of you are reading the news, externally. The fact that you know, we are being a bit more responsible through one of the toughest macroeconomic conditions underway in the past decade, I think it's important that as a company, we pull together to get through moments like this."Saludos.
Google CEO Pichai Tells Employees Not To 'Equate Fun With Money' in Heated All-Hands MeetingPosted by msmash on Friday September 23, 2022 @11:27AM from the closer-look dept.As Google tries to navigate an unfamiliar environment of slowing growth, cost-cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on the defensive. From a report:CitarAt a companywide all-hands meeting this week, Pichai was faced with tough questions from employees related to cuts to travel and entertainment budgets, managing productivity, and potential layoffs, according to audio obtained by CNBC. Pichai was asked, in a question that was highly rated by staffers on Google's internal Dory system, why the company is "nickel-and-diming employees" by slashing travel and swag budgets at a time when "Google has record profits and huge cash reserves," as it did coming out of the Covid pandemic. "How do I say it?" Pichai began his measured response. "Look, I hope all of you are reading the news, externally. The fact that you know, we are being a bit more responsible through one of the toughest macroeconomic conditions underway in the past decade, I think it's important that as a company, we pull together to get through moments like this."
At a companywide all-hands meeting this week, Pichai was faced with tough questions from employees related to cuts to travel and entertainment budgets, managing productivity, and potential layoffs, according to audio obtained by CNBC. Pichai was asked, in a question that was highly rated by staffers on Google's internal Dory system, why the company is "nickel-and-diming employees" by slashing travel and swag budgets at a time when "Google has record profits and huge cash reserves," as it did coming out of the Covid pandemic. "How do I say it?" Pichai began his measured response. "Look, I hope all of you are reading the news, externally. The fact that you know, we are being a bit more responsible through one of the toughest macroeconomic conditions underway in the past decade, I think it's important that as a company, we pull together to get through moments like this."
El cuento del buen corrupto, un relato socialistaLa solicitud del indulto a Griñán renueva la alianza moral entre la generación dorada de la Transición y el socialismo que la acunó.......Así que la solicitud del indulto a Griñán renueva la alianza moral entre la generación dorada de la Transición y el socialismo que la acunó. Sobre todo, busca rescatar la reputación moribunda del PSOE y su mundo, objetivo de la inquina de los “poderes oscuros” de la derecha (por qué algunos liberales se apuntan a esta misión es un problema ¿psicológico? que no podemos atender aquí). No debemos encarcelar a Griñán porque representa “una intachable trayectoria vital caracterizada por su lucha por la libertad y la democracia, la igualdad, el Estado de Bienestar…”, según afirma el orgulloso manifiesto de la familia. La verdad es que esa trayectoria ha instaurado la corrupción sistémica con ineptocracia rampante y pretensiones de superioridad moral. Es la última “batalla por el relato”: el cuento del buen socialista corrompido por amor al Estado de Bienestar; puede ser tonto pero no malo, pues la maldad nunca es de izquierdas.......
Cita de: Cadavre Exquis en Septiembre 23, 2022, 22:01:17 pmCitarGoogle CEO Pichai Tells Employees Not To 'Equate Fun With Money' in Heated All-Hands MeetingPosted by msmash on Friday September 23, 2022 @11:27AM from the closer-look dept.As Google tries to navigate an unfamiliar environment of slowing growth, cost-cutting and employee dissent over cultural changes, CEO Sundar Pichai is finding himself on the defensive. From a report:CitarAt a companywide all-hands meeting this week, Pichai was faced with tough questions from employees related to cuts to travel and entertainment budgets, managing productivity, and potential layoffs, according to audio obtained by CNBC. Pichai was asked, in a question that was highly rated by staffers on Google's internal Dory system, why the company is "nickel-and-diming employees" by slashing travel and swag budgets at a time when "Google has record profits and huge cash reserves," as it did coming out of the Covid pandemic. "How do I say it?" Pichai began his measured response. "Look, I hope all of you are reading the news, externally. The fact that you know, we are being a bit more responsible through one of the toughest macroeconomic conditions underway in the past decade, I think it's important that as a company, we pull together to get through moments like this."Saludos.Vaya. Resulta que el chachipirulismo sólo era una máscara, y detrás de ella había lo mismo de siempre.
The Cabinet can take big steps towards solving the staff shortages that now affect all sectors of the Dutch labor market by making it worth it for people to work more [...]The Netherlands is facing widespread staff shortages resulting in working parents needing time off because their kids can’t go to school, people’s surgeries getting canceled because the hospital doesn’t have enough staff, and Schiphol going from the world’s best airport to the world champion for waiting in line, Paternotte said. And the Netherlands hasn’t even reached the peak of its aging population yet. “I fear that people don't understand how big this problem is. In 2040, one in three Netherlands residents will be over 65.” [...]“If we want to defuse this time bomb, we must break taboos. We have to start now. In the Netherlands, we work the fewest hours in all of Europe. It can’t go on like that,” Paternotte said. “What about that, I ask the Prime Minister. Would the Cabinet make specific work of a full-time bonus, at least in healthcare, education, and childcare?”Jesse Klaver, leader of opposition party GroenLinks, said he would support a full-time bonus as a temporary instrument to encourage people to work more hours. But during that time, structural changes need to be made to the tax system so that people don’t get less income for working more. [...]"It's complicated. The point that the Institute for Human Rights makes is, 'What about women who do not work full-time?' Because we are mainly talking about women. They are so-called 'part-time princesses.' [...]Additionally, she argued that many employers prefer to give two different women part-time positions, instead of giving one woman a full-time job as a gender biased way of managing staffing risk. "What will really help against a staff shortage is a structural solution to make work attractive. You also need to further regulate the labor market so that employers can no longer get away with small contracts."/quote]Y no faltan solo camareros....https://nltimes.nl/2022/09/22/staff-shortages-now-affect-sectors-dutch-labor-marketCitarThe most significant shortage is currently among engineers, electricians, machine mechanics, nurses, and software developers.The UWV also noted that the number of vacancies in the second quarter increased by 44 percent compared to a year earlier. The number of people on unemployment benefits who had recently worked decreased by 31 percent in the same period. “Many more vacancies and much fewer people who can fill them,” the organization said.
The most significant shortage is currently among engineers, electricians, machine mechanics, nurses, and software developers.The UWV also noted that the number of vacancies in the second quarter increased by 44 percent compared to a year earlier. The number of people on unemployment benefits who had recently worked decreased by 31 percent in the same period. “Many more vacancies and much fewer people who can fill them,” the organization said.