>>12461264 lb/Pb
Tyb
Is it sad that the first arrest will likely not shock any anons here? But the bets are on.
Anon ruled out the pope today.
reasoning is so many are clinging to faith at this moment and severing normies from faith might be worse than the disease itself.
China Plans to Let Banks Sell Soured Personal Loans to Ease RisksChina plans to allow some commercial banks to start selling soured personal loans to distressed asset managers as soon as this month, according to people familiar with the matter.
At a December meeting by the official credit assets transfer center, banks and state-run bad-loan managers were asked to accelerate preparations to ensure a smooth start of the trial program in January, said the people, asking not to be identified as the matter is private. Industrial & Commercial Bank of China Ltd. could be the first seller, other people said.
Details of the trial are not yet finalized and still subject to approval by the China Banking and Insurance Regulatory Commission, said the people.
The move will beef up financial strength at Chinese banks by helping them offload as much as 1 trillion yuan ($155 billion) of non-performing personal loans, according to an estimate by research firm Financial Regulation & Law. China’s total amount of bad loans has climbed to a 17-year high as of Sept. 30 amid the pandemic, eroding banks’ capital and ability to extend new credit to individuals and smaller businesses to revive the economy.
https://www.bloomberg.com/news/articles/2021-01-11/china-said-to-let-banks-sell-soured-personal-loans-to-ease-risks
Kim Jong Un gains new title at party congress, calls U.S. 'principal enemy'SEOUL, Jan. 11 (UPI) – North Korean leader Kim Jong Un was elected general secretary of the ruling Workers' Party of Korea, state media reported Monday, receiving a title that had been held by his deceased father, Kim Jong Il, and grandfather, Kim Il Sung.
The move came on Sunday, during the sixth day of a party congress, state-run Korean Central News Agency reported. The congress, being held for the first time since 2016, has mapped out economic, military and foreign policy goals for the next five years.
Kim's election as general secretary reflected "the unanimous will and desire of all the delegates and other party members, all the people and service personnel of the People's Army," KCNA reported.
The election was greeted with "stormy cheers" and was celebrated as "opening up an era of unprecedented changes and miracles with [Kim's] gifted ideological and theoretical wisdom, extraordinary leadership and noble moral virtue," the KCNA report said.
Kim Jong Un had previously held the title of party chairman and is referred to as the "supreme leader" of North Korea. The new designation, while largely symbolic, places Kim on the same level as his father and grandfather and appears to be a move to further cement his power atop the reclusive state. He inherited leadership of North Korea after his father, Kim Jong Il, died in 2011.
Over the weekend, Kim outlined a goal of bolstering North Korea's defensive capabilities and referred to the United States as "our principal enemy."
"It is necessary to develop the nuclear technology to a higher level and make nuclear weapons smaller and lighter for more tactical uses," Kim told the party congress in a report, KCNA said on Saturday.
The messaging from North Korea sets the tone for relations just ahead of U.S. President-elect Joe Biden's inauguration on Jan. 20, analysts said.
"At first read it is an apparent hardline policy and a continuation of Kim's political warfare resting on the foundation of blackmail diplomacy – the use of increased tension, threats, and provocations to gain political and economic concessions," retired Col. David Maxwell, senior fellow at Washington, D.C.-based Foundation for Defense of Democracies, wrote in an email.
North Korea does seem willing to negotiate, Maxwell added, but as equals.
"Kim wants to be treated as a nuclear power," Maxwell wrote.
https://www.upi.com/Top_News/World-News/2021/01/11/Kim-Jong-Un-gains-new-title-at-party-congress-calls-US-principal-enemy/7841610351978/