Re:PPCC: Pisitófilos Creditófagos. Invierno 2025

[Cadavre Exquis]

https://www.elmundo.es/economia/dinero-inversion/2025/01/11/677fcfe8fdddffb0398b4581.html

Saludos.

[Cadavre Exquis]

https://www.pressreader.com/spain/el-mundo-primera-edicion-weekend/20250112/page/48/textview

Mujer contra mujer: así es el feminismo antifeminista

Saludos.

[Cadavre Exquis]

https://www.elmundo.es/papel/historias/2025/01/11/67813865e85eced93e8b45b6.html

Saludos.

[Derby]

https://www.wsj.com/articles/chinas-local-governments-settle-overdue-bills-with-apartments-not-cash-50a35053

China’s Local Governments Settle Overdue Bills With Apartments, Not Cash

A yearslong real-estate slump has strained China’s local government finances and created millions of empty housing units


Cities across China are running out of cash and struggling with trillions of yuan in debt.

HONG KONG—In recent years, Chinese property developers have been so strapped for cash that they have used unsold apartments to settle debts to construction companies and furniture suppliers.

Now, Chinese local governments are following suit.

In August, a gas supplier in China’s far western Xinjiang region struck a solution to settle $25 million of overdue gas bills racked up by a few state-owned entities in Changji city. Instead of cash, the gas supplier will effectively take over 260 unfinished apartments in a French-themed residential compound being developed by its clients. The compound’s main street is to be called the Avenue des Champs-Élysées.

The gas provider’s name is Xinjiang East Universe Gas. In 2022, it agreed to supply natural gas to a group of state-owned financing vehicles. However, its customers never fully paid the bills, according to stock filings.

No wonder. The biggest state-owned entity in the group, Changji City Construction Investment Development, is desperately short of money. According to its most recent bond prospectus, it was losing money and had accumulated $1.8 billion of liabilities but only $97 million of cash by June.

So the gas company struck an agreement with its customer to take over the apartments owned by the financing vehicle. Xinjiang East Universe will appoint a third-party company to sell them when they are finished and use the proceeds to pay itself back. If the sales proceeds end up exceeding the gas bill, Xinjiang East Universe gets to keep the extras; if not, it will swallow the loss.

For companies like Xinjiang East Universe that provide services to China’s cash-strapped local governments, getting half-built apartments “is better than getting nothing,” said Bruce Pang, senior research fellow at the National Institution for Finance and Development, a Chinese financial think tank.

Xinjiang East Universe’s case reflects the depth of the cash crunch among Chinese local governments.


China’s property market has accumulated as many as 90 million empty housing units after years of breakneck growth.

In an October briefing, Chinese Finance Minister Lan Fo’an said that so far that year the government had allocated 1.2 trillion yuan, equivalent to $164 billion, to help local governments repay money owed to companies and tackle their off-the-books debt.

Cities across China are running out of cash and struggling with trillions of yuan in debt. For years, local governments collected trillions from land sales during China’s enormous property boom. But those revenues have collapsed along with the real-estate market. Years of splurging on public infrastructure have boosted economic growth but also racked up bills.

The cash crunch now threatens China’s economic growth and has led to underpaid civil servants, rising labor disputes and reduced spending on public education and healthcare.

Meanwhile, China’s property market has accumulated as many as 90 million empty housing units after years of breakneck growth, The Wall Street Journal previously reported. That is enough to house the entire population of Brazil, assuming three people per household. The value of these housing units is depreciating each month as home prices across major cities have fallen for 17 consecutive months.

The tactic of using unsold apartments to settle debt was started by Chinese developers in the early days of the property crisis. In 2022, many real-estate developers found themselves in a severe liquidity crunch after home sales nosedived and banks cut off their credit lines.

Starting last year, Monalisa Group, a Guangdong-based ceramic tiles manufacturer, accepted apartments as payment instead of cash from its real-estate clients. By September, it had accumulated $19 million worth of investment properties on its balance sheet. Monalisa told local media in October that it would collaborate with brokerages to sell those apartments to whoever wants them, including its own employees and suppliers.

More recently in June, Shanghai Urban Architecture Design proposed to take over 115 apartments from developer Greenland Holdings—a Fortune 500 company that defaulted on its bonds in 2023—to settle some $10 million of debts. In December, Sunfly Intelligent Technology, a producer of LED lighting and other electrical equipment, settled $50 million of debts with a group of developers including Country Garden by taking over 334 finished and unfinished apartments in multiple cities.

In the past three months, three unusual debtors emerged—the county-level police departments in China’s poor, mountainous Guizhou province.



Between 2012 and 2015, the police departments in Dejiang, Yuping and Sinan hired facial recognition and CCTV monitoring systems manufacturer AVCON Information Technology to build “Skynet” surveillance systems in their respective counties.

The work was done, but the local police departments failed to pay AVCON in full. Collectively, the trio owed AVCON more than $10 million by July.

To settle some of these debts, AVCON entered into an unusual trade with local property developers. AVCON bought apartments from local developers who then transferred the proceeds to the police departments. The police departments then repaid the debt owed to AVCON.

It isn’t clear why these developers—one of which is fully owned by the county government—would agree to help the police departments. None of the three police departments replied to requests for comments from The Wall Street Journal. AVCON declined to comment.

[Derby]

https://www.reuters.com/markets/europe/former-swiss-finance-minister-warns-about-size-enlarged-ubs-newspaper-says-2025-01-11/

Former Swiss finance minister warns about size of enlarged UBS, newspaper says

ZURICH, Jan 11 (Reuters) - UBS (UBSG.S), opens new tab could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss Finance Minister Ueli Maurer said on Saturday, with measures needed to reduce the risks of the enlarged bank.

"If you look at the numbers alone and compare UBS with the Swiss economy, it is too big," Maurer told newspaper Tages-Anzeiger. "Therefore, the risk must be reduced."

At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss economic output, giving the bank exceptional weight for a major economy.

Should the bank fail, there are no local rivals left to absorb it, while the cost of nationalisation could severely damage public finances, experts have warned.

Reducing risks was primarily the responsibility of shareholders via their choice of board members, Maurer said.

"They must take responsibility, not the taxpayers in the end," said Maurer, who left office months before the final collapse of Credit Suisse in March 2023.

"Legislative measures must also be examined," said Maurer, who also defended himself after a recent parliamentary report raised questions about his actions as the Credit Suisse crisis worsened at the end of 2022.

The Swiss government last year laid out plans for tougher capital requirements for UBS and Switzerland's three other big banks in a bid to make the financial sector more robust after Credit Suisse's demise.

Details of the exact capital requirements are yet to emerge, but the possibility that UBS could be made to hold $15 billion to $25 billion in additional capital has met resistance from the bank.

Maurer said if the capital requirements were too high, Swiss banks would no longer be competitive and may look to be based elsewhere.

"For the Swiss economy with its many international multi-nationals, a large bank is a locational advantage," he said. "But risks must be minimized."

UBS declined to comment on the interview. The bank's CEO Sergio Ermotti earlier this month told Migros Magazine that UBS had enough capital to cover potential problems.

The bank supported many of the Swiss government's proposals to improve banking regulation, but they had to be targetted and proportionate, Ermotti told the magazine, opens new tab.

[Benzino Napaloni]

El asunto de las MAGA y la subcontratación a la India tiene más enjundia de lo que parece.

Están reconociendo que la idea de eliminar puestos de trabajo con la IA ha fracasado y no es viable. Ni a corto ni medio plazo. Y la galera no funciona sin remeros.

Esto, junto con la "idea" de bajar impuestos para acceder a la vivienda deja claro algo que no debería sorprendernos. Aquí no se toca nada. No se quiere cambiar nada porque no hay alternativa fácil a la vista. Pero al mismo tiempo viene el apremio porque también es obvio que no es viable seguir como hasta ahora.

Como se decía en la última de Matrix, nada como una escasez de algo para provocar una pelea. La cosa está en si sabremos gestionar la transición sin que vuelen los trastos.

[asustadísimos]

[Aviso de reedición de comentario...
https://www.transicionestructural.net/index.php?topic=2619.msg236867#msg236867
... para mejorarlo (mucho) y añadir un nuevo concepto: «Pasivo No Exigible jurídica pero sí económicamente».]

[JENOFONTE10]

MINI HISTERIA(*) DE LA VIVIENDA

Presencial en el Museo del Ferrocarril. 2h 8'.

Vivienda, quinto pilar del Estado del Bienestar

El Ministerio de Vivienda y Agenda Urbana organiza el 13 de enero de 2025 el foro "Vivienda, quinto pilar del Estado del Bienestar", que contará con dos mesas de debate dedicadas al análisis de la ampliación del parque público de vivienda y a la regulación y movilización del alquiler residencial.
[...]

https://www.youtube.com/watch?v=_a7dGqH_FEc

Saludos.
-----
(*)

histeria
Del fr. hystérie, y este del gr. ὑστέρα hystéra 'útero' y el fr. -ie '-ia'.

1. f. Med. Enfermedad nerviosa, crónica, caracterizada por gran variedad de síntomas, principalmente funcionales, y a veces por ataques convulsivos.

2. f. Estado pasajero de excitación nerviosa producido a consecuencia de una situación anómala.

[Nixon]

"Así estafan en España"


https://youtu.be/TWgLeaZpBzk?feature=shared

Muy sintético.

Ese barbudo...


No recuerdo cómo se insertaba.

[AbiertoPorDemolicion]

"Así estafan en España"


https://youtu.be/TWgLeaZpBzk?feature=shared

Muy sintético.

Ese barbudo...


No recuerdo cómo se insertaba.

Está claro quien maneja la narrativa del régimen. Si hubiera sido "al revés", habría salido en todos los medios para lanzarle a los mamporreros habituales.

Si en este pais no merece la pena hacer nada...

Que trabaje o emprenda su puta madre!!!!

[Raf909]

Hoy vienen los mass media calenticos con el tema de la vivienda. He sacado las noticias de meneame:

Sánchez prepara 12 medidas para promover la vivienda pública, limitar pisos turísticos e intervenir el mercado -->

https://elpais.com/espana/2025-01-13/sanchez-prepara-un-paquete-de-12-medidas-para-promover-la-vivienda-publica-limitar-pisos-turisticos-e-intervenir-en-un-mercado-que-no-funciona.html

Sánchez anuncia una exención total del IRPF a dueños que alquilen vivienda según el índice de referencia --> https://www.europapress.es/nacional/noticia-sanchez-anuncia-exencion-100-irpf-propietarios-alquilen-vivienda-indice-referencia-20250113125355.html#google_vignette

https://www.meneame.net/story/grandes-fondos-salen-cataluna-venta-centenares-viviendas-tope -->
https://cincodias.elpais.com/companias/2025-01-13/los-grandes-fondos-salen-de-cataluna-con-la-venta-de-centenares-de-viviendas-por-el-tope-del-alquiler.html


Como se insertan hipervínculos en el foro?

[asustadísimos]

[La paradoja-retruécano en España: https://www.youtube.com/watch?v=hhd1w-10Woo. «¡Manos a la obra!».]


[Otra de paradoja-retruécano, no solo en España, es que los resentidos —como lo son las moscas cojoneras del 'lawfare'— consigan dar el golpe de Estado judicial antes de que se generalice la conciencia de que el nuevo patrón de Producción-Renta-Gasto vuela en solitario y que los apegados al modelo popularcapitalista han quedado desamparados, de modo que cuando se den cuenta sea tarde para que los golpistas puedan echarle la culpa a la herencia recibida.]

[Benzino Napaloni]

Hoy vienen los mass media calenticos con el tema de la vivienda. He sacado las noticias de meneame:

Sánchez prepara 12 medidas para promover la vivienda pública, limitar pisos turísticos e intervenir el mercado -->

https://elpais.com/espana/2025-01-13/sanchez-prepara-un-paquete-de-12-medidas-para-promover-la-vivienda-publica-limitar-pisos-turisticos-e-intervenir-en-un-mercado-que-no-funciona.html

Sánchez anuncia una exención total del IRPF a dueños que alquilen vivienda según el índice de referencia --> https://www.europapress.es/nacional/noticia-sanchez-anuncia-exencion-100-irpf-propietarios-alquilen-vivienda-indice-referencia-20250113125355.html#google_vignette

https://www.meneame.net/story/grandes-fondos-salen-cataluna-venta-centenares-viviendas-tope -->
https://cincodias.elpais.com/companias/2025-01-13/los-grandes-fondos-salen-de-cataluna-con-la-venta-de-centenares-de-viviendas-por-el-tope-del-alquiler.html


Como se insertan hipervínculos en el foro?

Mira cómo ha quedado el código de tu mensaje. Lo que va en url= tiene la web, y lo que va entre corchetes tiene el texto plano para mostrar.


Se acaba la huida hacia adelante, la presión para aquí no se toca nada es más alta que nunca, pero la gasolina para seguir como si nada también se acaba.

Eso sí, hoy Su Sanchidad ha mentado a AirBnb más que nunca, y no para bien. Y otra cosa que ha mencionado, o él o el que le redacta los discursos nos lee . Ha mencionado a Papá Estado arreglándolo todo a cuenta de la burbuja inmobiliaria. Saquen conclusiones.

[sudden and sharp]

Hoy vienen los mass media calenticos con el tema de la vivienda. He sacado las noticias de meneame:

Sánchez prepara 12 medidas para promover la vivienda pública, limitar pisos turísticos e intervenir el mercado -->

https://elpais.com/espana/2025-01-13/sanchez-prepara-un-paquete-de-12-medidas-para-promover-la-vivienda-publica-limitar-pisos-turisticos-e-intervenir-en-un-mercado-que-no-funciona.html

Sánchez anuncia una exención total del IRPF a dueños que alquilen vivienda según el índice de referencia --> https://www.europapress.es/nacional/noticia-sanchez-anuncia-exencion-100-irpf-propietarios-alquilen-vivienda-indice-referencia-20250113125355.html#google_vignette

https://www.meneame.net/story/grandes-fondos-salen-cataluna-venta-centenares-viviendas-tope -->
https://cincodias.elpais.com/companias/2025-01-13/los-grandes-fondos-salen-de-cataluna-con-la-venta-de-centenares-de-viviendas-por-el-tope-del-alquiler.html


Como se insertan hipervínculos en el foro?

Mira cómo ha quedado el código de tu mensaje. Lo que va en url= tiene la web, y lo que va entre corchetes tiene el texto plano para mostrar.


Se acaba la huida hacia adelante, la presión para aquí no se toca nada es más alta que nunca, pero la gasolina para seguir como si nada también se acaba.

Eso sí, hoy Su Sanchidad ha mentado a AirBnb más que nunca, y no para bien. Y otra cosa que ha mencionado, o él o el que le redacta los discursos nos lee . Ha mencionado a Papá Estado arreglándolo todo a cuenta de la burbuja inmobiliaria. Saquen conclusiones.

No hay que hacer NADA. POnes ,por ejemplo:

Código: [Seleccionar]

https://www.libertaddigital.com/espana/2025-01-13/supremo-cita-declarar-fiscal-general-estado-imputado-29-enero-7206443/
Sin mas... y te lleva a:

El Supremo cita a declarar al fiscal general del Estado como imputado el 29 de enero
https://www.libertaddigital.com/espana/2025-01-13/supremo-cita-declarar-fiscal-general-estado-imputado-29-enero-7206443/
También comparecerán como investigados la fiscal provincial de Madrid el 30 de enero, y el 5 de febrero, el fiscal Diego Villafañe.
- Seguir leyendo: https://www.libertaddigital.com/espana/2025-01-13/supremo-cita-declarar-fiscal-general-estado-imputado-29-enero-7206443/

[newclo]

Entonces, lo de arreglar el tema de la vivienda ¿lo va a hacer Sánchez ?



y había opción de Guerra Mundial, he leído al Maestro, no ??