@Comparativist If you're getting that from the timestamps on footage from the Chinese border crossing, bear in mind China is UTC+8 while Nepal is UTC+5:45 - the reported ~8.40am initial event is local time in Nepal, and would have corresponded to 10:55am just over the border.
@Comparativist If I am reading it right, they mean that they are evaluating the risk of the river no being dammed and beginning to form barrier lakes (which is a very real possibility) in coming days/weeks/months
@michaelturton The general trend is not great (but also note that wage and GDP growth correlation has been spotty for decades now in the West) but it is not right to say that the non-electronics economy is in the doldrums. In outright terms it is doing pretty well.
@michaelturton "Recession" is misleading. For example, the quoted decline in labour share of nominal GDP in 2024 is a relative one: yes the slice got smaller, but the pie got much bigger, so the labour slice still grew by north of 6% in outright terms. Likewise trad industry decline of 2.1% ...
@niubi "Won't have a huge impact"... airline and military pilots all need to start somewhere, and light single engine prop planes are almost without exception where their training begins.
@pijoe1212@1sthand2@PolemicTMM As someone who lives in a part of the world where AC is basically a necessity, I've got reversible air-air units for the few weeks in the year where heating's needed, and they're not ideal for that job. Great at cooling (descending air), heating not so much - ok but not great
@pijoe1212@PolemicTMM Some aren't even locked out! Early in the heat pump propaganda campaign I saw a report of people who'd chosen an air-to-air system specifically because it meant they could use it as AC in summer (wafting warm air around your ceiling in winter makes for crap heating thoughπ)
@PolemicTMM Like, it's not a technicality or a word-game. They are literally the same bit of kit.
The BBC today has an article containing a warning of the dangers of AC refrigerants which are "greenhouse gases" and "often leak". Which is alarmist BS, but if true, would mean "heat pumps bad"
@Jonathanjk Dunno. Clicks? I left HK a few years back but like you spent the better part of a decade and half there and never once saw anyone being called out, much less fined, for taking a sip of water on the MTR.
@felipegfc12345@Brad_Setser correct, significantly lower concentration limits on EMs, particularly those that have a history of jumpy regulators. Books will have had to be selling just to stay within notional limits & not likely able to convince risk mgmt to increase book size just to accommodate rising mkt