That is good to know. My only experience with this stuff was in university where someone defaulted on a credit card from a big five bank. They called them up and overall managed the process pretty well.
There is no direct linkage. Since the Chinese capital account is closed by definition the Chinese central bank is holding on to foreign assets with yuan liabilities. When the exporter gets paid the central
Bank creates offshore yuan which cannot be freely converted to onshore yuan and made into loans.
I live in NJ and in work downtown Manhattan. No one is commuting by car into downtown Manhattan. The rich take a helicopter. PATH is $5 per person roundtrip without discount. The only people (with enough time on their hands) going to that area by car are tourists, party goers, and college students. For businesses (e.g. trucks) the toll cost will be minimal.
There is a huge hype machine on the internet where people want to believe there there are crazy high salaries in other companies. Even though they don't know anyone who works there, interviewed or otherwise even bothered to look into some actual evedence. I have had interviews with citadel and know people whose have roles with that title. Total comp is slightly below what a comparable person would make at Google or Facebook. There are a few rainmakers there but those people get everything in (cash) bonus. Many are getting a base that was set 5-10 years ago.
"It’s a long-buried part of South Korean history"
This is factually wrong. The geopolitical driven sex trade is a big issue in common Korean discourse (e.g. newspapers, social media, politics, etc). I would say that it and the historical victimhood native are overemphasized in Korean society. They are a strong country now, no need to ruminate in the past.
The whole sequence of: business wants change to curb >
asks state officials for permission >
state official reviews request>
state official send business decision is predicted on the following:
- there is substantial value to creating a curb from specific local traffic patterns
- there is one state body that is tasked with "approving" changes to curbs
- changes are "rationed" so that businesses need to request approval
For example the commission of Clark county in Nevada often prioritizes the interest of the local casino's and can move very fast to remove any "obstacles"
In NYC the value of a curb is going to be much less because there is relatively more foot traffic and much less car traffic, so a bank is not going to prioritize local zoning changes.
In smaller towns you are not going to get as much casual car traffic in general
These numbers are wildly inflated. the official corporate rental sector in NYC s actually very small (most properties are condos/coops) owned by small scale landlords. That 5k number is the price that a (often foreign) company would pay to keep an executive for a temporary assignment in NYC. Then you have the students who are burning thier parents money anyways. Anecdotally the landlords are looking to recoup their COVID losses and a lot of these units are not renting.