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Utopia Talk / Politics / Norway stays afloat w/ child labor
Habebe
Member
Fri Mar 27 07:52:46
http://www.cnn.com/travel/amp/norway-cod-tongues/index.html

"This is my ninth year doing it, I started when I was just 6 years old,"

Ah yes the age old tradition of having 6 year olds cut out dish tongues.
jergul
large member
Fri Mar 27 07:59:23
I had no idea we had children managing our Sovereign Wealth fund.

Incidentally, the Norwegian Central Bank leveraged the Fund to get free USD loans from the Federal Reserve (aka liquidity).

Its using the money to buy slowly buy back Nkr

The alternative to free money would of course had been to sell of stocks. 2% of all public issues in the US are owned by the fund.

The Federal reserve acted very proactively :D.
Rugian
Member
Fri Mar 27 08:04:25
"Norway's sovereign wealth fund, the world's biggest, has lost 1.33 trillion kroner ($125 billion) since the start of 2020 as markets collapse under the COVID-19 pandemic, its management said Thursday.

As of March 25, the fund was valued at 10.1 trillion kroner ($949 billion) after registering a negative return of 16 percent since January. Its share portfolio, which accounts for about two-thirds of its holdings, reported a 23-percent drop."

http://www...trillion-kroner-in-coronavirus

That being said, talking about the fund is blatant thread hijacking, so I'd ask for a return to discussion of the OP.
Habebe
Member
Fri Mar 27 08:04:51
Deflect all you want.

Habebe
Member
Fri Mar 27 08:07:56
Damn ots a good thing those six year olds are making money atleast.

Oil plummets.1/5th of the economy.

The currency plummets.

But they habe lax child.labor laws so they should rebound quick.
jergul
large member
Fri Mar 27 08:10:25
Ruggy
Look at you learning stuff.

Paper losses. The Fund has not liquidated positions (and is in fact has been buying up stocks to keep its fractions of property-debt-stocks stable).

Habebe
Your thread title concerns what is keeping Norway afloat.

Answer: The ability to borrow endless amounts of money at little or no interest.

Perhaps choose your titles better if you want to highlight a different point.
jergul
large member
Fri Mar 27 08:24:55
6% of employment and 19% of State revenues.

The 20% figure you are referring to includes Norway as a rentier State. About 20% of its budget is from taking a fraction of sovereign fund profits to support government budgets.

obaminated
Member
Fri Mar 27 13:15:15
it is pretty funny how cnn makes this child labor article into a positive narrative focused on tradition and character building. we are talking about 6 year olds using 10 inch long knives to cut out fish tongues so adults can sell them. this is 3rd world level stuff.
jergul
large member
Fri Mar 27 14:33:09
The 6 year olds are making a better hourly wage then you are.
Habebe
Member
Sat Mar 28 01:43:24
Onamimated, I found it oddly humorous myself. When you really look at whats going on its absurd.

This is on par 8 year old miners.

tumbleweed
the wanderer
Sat Mar 28 02:07:56
"so adults can sell them"

sounds like the kids get full control to me:

"With his mother's or father's help, he then bags them at home and sells them directly to customers and via a community Facebook page for between 60 to 65 Norwegian Kroner a kilo -- earnings that can add up to as much as US $460 for a half day's work."

so it's like pumpkin carving combined w/ a lemonade stand
patom
Member
Sat Mar 28 05:55:01
Norwegian Cruise lines among others won't be getting any bail out money from the US Congress. They among other Cruise lines register all their ships in low tax low law enforcement countries to avoid US Taxes and regulations.

http://ban...mic-relief-bill/?ref=also-like
jergul
large member
Sat Mar 28 06:06:21
Patom
That Panamanian company? We should have trademarked Norway and Norwegian.
Habebe
Member
Sat Mar 28 06:14:15
http://www...560&dpr=2#imgrc=VomJ8NAlqpakyM


Creepy as fuck.
jergul
large member
Sat Mar 28 06:30:18
Habebe
I am guessing you eat unfried fish like biannually or something close to that. So, yah. Fish consumption at all is of course creepy to you.

(you might possibly eat raw fish slices more often than that. Once every two months maybe)

Health guidelines is fish 3 times a week.

Its meat that otherwise goes to waste (best case - the heads are dried and sold in bulk to Africa, or dried and ground up and sold as fishmeal - also to Africa).

You might even like it. Its generally fried in butter with a flour and s+p batter.

I have done it a couple times with tempura. That works really well.
jergul
large member
Sat Mar 28 06:39:09
I am gearing up to compare pirate cosplay enthusiast rates in Norway and the US using peg legs as a metric.

There is a strong correlation between diet and rates of pirate wannabes.

If we must troll, then lets do it properely.
Habebe
Member
Sat Mar 28 14:39:04
How frequently do you recommend puppy?
jergul
large member
Sat Mar 28 15:29:46
Oh, at least once a life
Habebe
Member
Sat Mar 28 15:33:11
Ah well your a good sport abouy it.

Truth be told it seems like a good practice, teaching them the value of a dollar and a good work ethic.

I kust enjoy trolling Norway from.time to time.
Habebe
Member
Sat Mar 28 15:36:00
But dead serious those kids in the pictures, creepy, smelling the knife? Wtf
McKobb
Member
Sat Mar 28 16:01:17
Who tf eats cod tongue?
Habebe
Member
Sat Mar 28 16:13:17
Norwegians apparently.

However Jergul was arguimg against fried fish, its a local delicacy to fry the "tongues" which are not actually tongues but a muscle of some sort in thw mouth.
jergul
large member
Sat Mar 28 16:34:27
Its not tongue. Its the strip of meat running from the chin to the jawline.

Take a look at your double or triple chin. Thats what is being cut off the cod.
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