SKT, the largest telecommunications company in South Korea, has been hacked with SIM numbers and customer personal information. Backdoor malware was used in the hack, a method commonly used by Chinese hackers. https://www.securityweek.com/korean-telco-giant-sk-telecom-hacked/
Flyingsword
4 days ago
The National Election Commission of Korea sued a YouTuber who claimed that election servers had been hacked, saying that election servers are impossible to hack. Last week, however, the Election Commission requested a police investigation into the hacking of election servers.
Korean Man
4 days ago
Flyingsword, do you even know what the title of your story you just posted says? It doesn’t say it was ‘hacked’. This is why you shouldn’t be hanging around Korean far-right conspiracy theorist sites running fake stories. They think they are MAGA.
Last edited 4 days ago by Korean Man
Flyingsword
4 days ago
요새 미세먼지가 별로 없죠? 이게 바로 트럼프 대통령의 관세 펀치 효과입니다.
미국은 지금 한국을 많이 돕고 있습니다!
Lately, there hasn’t been much fine dust, has there? This is exactly the effect of President Trump’s tariff punch.
The U.S. is helping Korea a lot right now! https://x.com/yong_seok/status/1915277387023213050
Korean Man
4 days ago
Didn’t even bother answering my question. Because you can’t answer it.
Last edited 4 days ago by Korean Man
GrayBlack
4 days ago
Been hearing from multiple grunts that British military men do disturbing gay shit in the field. Like sucking each other off. They don’t view it as gay, just helping their buddies. I thought it was pure bullshit, but then I found multiple studies confirming ~90% of ‘straight’ British college men kiss each other on the lips… and lurid stories of their boarding schools have always been around.
I don’t know what to believe anymore, but word is I’ll get visual confirmation with NVGs soon enough.
Last edited 4 days ago by GrayBlack
GrayBlack
4 days ago
The trend towards greater gender integration in the military, now extending to basic/mos training and even the barracks, has created a barracks bunny epidemic far worse than the most crude sex stories I’ve heard from the early GWOT generation.
Commandant Gen. David Berger told lawmakers that it’s going “great”. Reality on the ground is that it wouldn’t be an exageration to call the barrack, ‘whorehouses’. It is affecting the training environment negatively, but speaking about the problem is highly risky.
ChickenHead
4 days ago
Inside every British soldier, there are two Greeks.
One is from Sparta and one is from Athens.
Both are gay.
Flyingsword
4 days ago
KM, of course on the outside they deny the hack was effective…in reality it cyber defense is swiss cheese
ChickenHead
4 days ago
Just remember, as we move into the next wave of insanity… “science” making stuff, media pushing lies, globalist consolidating power, governmemts destroying more small business and middle class, globalists promoting the multinationals, and everyone sabotaging Trump…
Korean Man
4 days ago
Oh shut up, Maggots don’t know what science means.
M, of course on the outside they deny the hack was effective…in reality it cyber defense is swiss cheese
Still can’t answer it. Shouldn’t be hanging around with American maggots, pointing fingers at Korean language sites to spread fake news, when you have zero Korean knowledge, because it’s going to give you wrong information ten times out of ten.
Been hearing from multiple grunts that British military men do disturbing gay shit in the field. Like sucking each other off.
Even if true, why should that even bother you? It’s their business, and it’s not affecting you in any way. Are you a closeted gay man who wants to deny the truth by playing machismo? Maybe this is why so many White Christian maggot males spread hatred towards gay people, but have been caught sexually abusing little boys.
There is a perception that Pam Bondi has done nothing, by a lot of people. I agree the Epstein file business was a sh*t show. But she has done some good work. Here is an example:
“The Judge learns that ICE was outside to get the guy, because he had been deported in 2013, came back into our country, charged with committing these crimes, victim is in court.
Judge finds out. She goes out into the hallway. Screams at the immigration officer. She’s furious. Visibly shaken. Upset. Sends them off to talk to the chief judge.
“She comes back into the courtroom. You’re not going to believe this. Takes the defendant and the defense attorney back in her chambers. Takes them out a private exit and tells them to leave. While the state prosecutor and victims of domestic violence are sitting in the courtroom.”
Liz
4 days ago
Know a guy from high school who always kind of felt like a grifter to me. He had a nice car, he’d won from a lawsuit over some accident when he was 18.
Looked him up out of curiosity and he has started a bunch of businesses all around (we involved in the distance learning diploma mill biz too). He got a PhD in “Engineering technology” from a distance learning certificate course. I doubt he has taken anything beyond Calc 1 but he calls himself an engineer. He has about 10 different advanced degrees on his resume from other diploma mills.
All this to say…he talks a great deal about how much he knows about “SCIENCE!” and how little others know. Wonder if he’s one of the trolls here.
Liz
4 days ago
PSA:
As a side note, I was almost scammed once, when I was looking for a nursing program. Lots of scammer programs out there will promise a nursing degree in a year and a half (or even one year). Always make sure the program is either CCNE or ACEN accredited. If they aren’t, you can’t even sit for the NCLEX-RN exam and will never hold an RN license.
Watch out, they will claim to be “accredited” and give a nice long list of all the agencies that gave their program “accreditation” but those “agencies” don’t count for licensure and at the end of all that time and money there’s nothing to show for it.
That’s just one example, I’m sure many other diploma mill programs are similar. Caveat Emptor.
ChickenHead
4 days ago
“Been hearing from multiple grunts that British military men do disturbing gay shit in the field. Like sucking each other off.”
I am fully supportive of homosexuality in the military. It builds comradery. I would totally fight to the death for a guy that gives a good schnarling.
But it has to be open.
You can blackmail a guy who wants to keep that hidden.
But you can’t touch a guy who is proud of his technique.
Plus, it is harder for the enemy to kill a guy with skills…
…especially if they fight Arabs or the French.
Liz
4 days ago
Just found out Rob Holland passed away in an aviation accident. RIP Rob Holland. Mike went for a ride with him a few years back. A great pilot, a great man.
setnaffa
3 days ago
Yep.
ChickenHead
3 days ago
Collectivists are mostly composed of people who are too stupid to take care of themselves and predators who use these dummies as a shortcut to power.
There is a time for collectivism… as we all like roads and fire departments which nobody can make on their own…
…but that time is not when you don’t want to work but you feel entitled to the same nice things I earned.
Socialism always ends up with one empty hand extended to the productive while the other hand hold a gun…
…even in America where you dare not fail to pay your taxes even if you don’t believe they should go to illegal alien maternity care and generational welfare.
Korean Man
3 days ago
Collectivists are mostly composed of people who are too stupid to take care of themselves and predators who use these dummies as a shortcut to power.
Are you looking at the mirrors, Maggots?
Korean Man
3 days ago
South Korea’s Conservatives are in sync with the American MAGA movement. The exact same platform as ex-President Yoon. This sickness that affects the brain is very contagious.
No, silly, I am not a collectivist, I take care of myself, and I make fun of dummies rather than exploit them…
…though starting to reconsider on that last point.
ChickenHead
3 days ago
“Conservative candidates slam political correctness and feminism to win over young male voters”
Feminism has become a sickness.
…plus it has no femininity.
First wave feminism wanted equal legal rights. The big victory was the right to vote. The number one issue with women voters now is if they can kill their baby. Let’s agree this experiment failed and return to letting men make the big decisions.
Second wave feminism wanted equal opportunity. That sounds reasonable until the truth came out. They really wanted quotas.
Third wave feminism no longer wanted equality, they wanted equity. They didn’t want equal opportunity, they wanted equal outcomes.
Forth wave feminism is insanity, focused on power dynamics, victimhood, intersectionality. Special privileges are shamelessly demanded in academics, the workplace, society, and even in criminal justice.
Feminism destroys women rather than empowers them.
Anybody smart will simply treat women according to their merit¹ and tell the femenazis to beat it.
¹This is pretty easy because men treat men according to their merit.
Liz
3 days ago
To see the face of feminist “justice”, check out Hannah Dugan’s mugshot.
FWIW, Denver is already improving immensely from this time last year. It is cleaner, and safer. MS-13 and their ilk are no longer running around with impunity.
I don’t know if it’s the local government allowing cops to once again do their jobs due to tax revenue lost with all the businesses fleeing, or Trump’s policies, or some combination. Either way the change is welcome, and long overdue.
(still moving to Florida though)
Remember how everyone said the female helicopter pilot who flew into the airplane in Washington DC was a strunning and brave, strong and independent woman rather than a DEI hire?
We knew that was nonsense when her name was hidden for 3 days while her social media was scrubbed.
Let’s see if there has been any quiet update on the story.
“On Sunday, The New York Times released new details about the fatal crash and it revealed Rebecca Lobach repeatedly ignored warnings from her right seat about altitude.
Lobach’s male co-pilot, an Army flight instructor, directly told her to turn away, and she flew straight into a passenger jet.
“Not only was the Black Hawk flying too high, but in the final seconds before the crash, its pilot failed to heed a directive from her co-pilot, an Army flight instructor, to change course,” The Times reported.
“The Black Hawk was 15 seconds away from crossing paths with the jet. Warrant Officer Eaves then turned his attention to Captain Lobach. He told her he believed that air traffic control wanted them to turn left, toward the east river bank,” The New York Times reported.
“Turning left would have opened up more space between the helicopter and Flight 5342, which was heading for Runway 33 at an altitude of roughly 300 feet,” The Times reported.
And the fatal mistake, as reported by The Times, “She did not turn left.”
…shall we count the times we have witnessed Strong and Independent women intentionallly do the wrong thing because awareness of the right thing came from a man?
The Korean Incels don’t know the Ways of Women but many of the rest of you do.
Actually, we don’t know why she ignored repeated instructions to avoid hitting the jet, but, as information is slowly allowed to trickle out, nothing supports competence.
The pattern of all new evidence supporting an unpleasent conclusion should be obvious to everyone now.
setnaffa
2 days ago
As CH was too polite to mention, that was her fifth check ride, having failed the four previous.
Liz
2 days ago
A while back, at a major commercial airline, there was a female Captain who was so hard to work with she topped the “will not fly” list (that’s a list made by FOs, of captains they won’t fly with…I don’t know if they still have that, but it was a thing for decades, and a good thing).
Very top “will not fly with this person” pilot.
Well…she and her copilot had an altercation landing. She ended up crashing on the runway, the landing gear broke off it was so forceful.
Guess who retired with a nice severance package? That stupid female captain. Her name didn’t even make the news (they mentioned the crash on the runway, but not the name of the pilot). That was a few years ago.
Also look up the Alaska Air FO who claimed the captain she flew with drugged and sexually assaulted her. With no evidence. It made headline news at the time. About a month later, she did it again with another captain. The first pilot she accused could not find employment again as a pilot anywhere. Her name was just fine. She went on to work for an airline in Hawaii (last name is Pena).
Liz
2 days ago
Asked Mike and he thinks they still have that list.
It’s a “bid avoidance” list. When a pilot becomes so unpopular less than a certain percent of FOs want to copilot with him/her, that person has to go to another hub (location to fly out of). There was another woman pilot who retired pretty recently who had to move several times for this reason. She seemed to take pride in being hated (guess for the feminist being intolerable just means you’re super awesome and independent). It’s less of a problem with male pilots (though there are some). Most likely because everyone is afraid to question a woman for being impossible to work with.
Liz
1 day ago
Wallstreet journal mentioned something interesting today.
Nationwide, business office properties are only 62 percent occupied now. It basically happened during covid when people started working from home. Cascading consequences are much like a miniature scale (miniature scale per building, massive scale taken as a whole) of when a military installation closes and all the businesses around it have to close up shop.
To add a fly to the ointment, large financial investors like Blackstone bought up the buildings because they thought they were getting a great deal. Now, they are sitting on those properties and won’t make concessions necessary to attract new renters. So those areas area slowly dilapidating (even if and when they get crime under control, which has also been a factor since 2021).
Related note, and the reason I bring this up:
Most people don’t know that major investment institutions like Blackstone have indirect partnerships with large financial institutions like Meryl Lynch. Meryl Lynch has historically had a good reputation, so many investors trust them with their money. They (and I’m sure they aren’t the only ones) are incentivized to buy large chunks of Blackstone (and others) using the retirement accounts of their customers. The next fly in the ointment: Investors are limited, yearly, on the number of shares they are allowed to sell from Blackstone (and again, I am certain they aren’t the only company that does this). Much like global “free trade”, owning shares in this company comes at a cost…and that cost is hidden in the fine print because investors trusted their financial institution with their savings, and that financial institution is tied to a lot of perverse incentives to work for larger interests that don’t help the small investor.
It might take 10 years or more, once one decides to sell, to sell all of the shares. Furthermore, the ROI is extremely low for those ML bought shares (especially compared to the alternatives), and the cost extremely high. It is extremely predatory. The large financial institutions do not work for the customer, they work for the institutions they put their investor’s money into to tie it up in perpetuity and make it inaccessible, as inflation eats it away.
(I am reminded of the Big Short…and on that note, because the bankers suffered no consequences but quite the contrary, were largely rewarded for their derivative scams, the derivative market has never been more alive than it is now).
Last edited 1 day ago by Liz
Liz
1 day ago
BTW, large financial institutions also incentivize publications like the Wall Street Journal, which is why every day they scream something about tariffs, rather than offering some considered perspective on cost to gains. This is why our Korea thing posters can reference the WSJ articles and claim they are “conservative”, when they do not have our nation’s longterm interest in mind but rather the short term interest of their financial backers who have a short term interest in their personal ROI that will be impacted by any change to the status quo.
Liz, In England Blackrock is working with Serco to buy up private rental housing because English government has come up with a scheme to pay landlords a guaranteed 5 year contract to house the migrant invaders.
setnaffa
19 hours ago
@GIKorea, I think under the new rules the commanders better not have any other issues or they’ll be tasked with inventorying landscaping tools at a base in BFE…
It looks like China has caved, granting some tariff exemptions on American imports and considering lifting more – Financial Times
https://www.ft.com/content/b3bfe704-c6b9-4bbd-9525-2144c979d757
SKT, the largest telecommunications company in South Korea, has been hacked with SIM numbers and customer personal information. Backdoor malware was used in the hack, a method commonly used by Chinese hackers. https://www.securityweek.com/korean-telco-giant-sk-telecom-hacked/
The National Election Commission of Korea sued a YouTuber who claimed that election servers had been hacked, saying that election servers are impossible to hack. Last week, however, the Election Commission requested a police investigation into the hacking of election servers.
Flyingsword, do you even know what the title of your story you just posted says? It doesn’t say it was ‘hacked’. This is why you shouldn’t be hanging around Korean far-right conspiracy theorist sites running fake stories. They think they are MAGA.
요새 미세먼지가 별로 없죠? 이게 바로 트럼프 대통령의 관세 펀치 효과입니다.
미국은 지금 한국을 많이 돕고 있습니다!
Lately, there hasn’t been much fine dust, has there? This is exactly the effect of President Trump’s tariff punch.
The U.S. is helping Korea a lot right now!
https://x.com/yong_seok/status/1915277387023213050
Didn’t even bother answering my question. Because you can’t answer it.
Been hearing from multiple grunts that British military men do disturbing gay shit in the field. Like sucking each other off. They don’t view it as gay, just helping their buddies. I thought it was pure bullshit, but then I found multiple studies confirming ~90% of ‘straight’ British college men kiss each other on the lips… and lurid stories of their boarding schools have always been around.
I don’t know what to believe anymore, but word is I’ll get visual confirmation with NVGs soon enough.
The trend towards greater gender integration in the military, now extending to basic/mos training and even the barracks, has created a barracks bunny epidemic far worse than the most crude sex stories I’ve heard from the early GWOT generation.
Commandant Gen. David Berger told lawmakers that it’s going “great”. Reality on the ground is that it wouldn’t be an exageration to call the barrack, ‘whorehouses’. It is affecting the training environment negatively, but speaking about the problem is highly risky.
Inside every British soldier, there are two Greeks.
One is from Sparta and one is from Athens.
Both are gay.
KM, of course on the outside they deny the hack was effective…in reality it cyber defense is swiss cheese
Just remember, as we move into the next wave of insanity… “science” making stuff, media pushing lies, globalist consolidating power, governmemts destroying more small business and middle class, globalists promoting the multinationals, and everyone sabotaging Trump…
Oh shut up, Maggots don’t know what science means.
Still can’t answer it. Shouldn’t be hanging around with American maggots, pointing fingers at Korean language sites to spread fake news, when you have zero Korean knowledge, because it’s going to give you wrong information ten times out of ten.
Even if true, why should that even bother you? It’s their business, and it’s not affecting you in any way. Are you a closeted gay man who wants to deny the truth by playing machismo? Maybe this is why so many White Christian maggot males spread hatred towards gay people, but have been caught sexually abusing little boys.
People like this Maggot, and he’s not alone.
https://www.huffpost.com/entry/maga-raw-ricci-wynne-homeless_n_67dc47a6e4b038b4d0a69941
Why are Maggots such hypocrites?
There is a perception that Pam Bondi has done nothing, by a lot of people. I agree the Epstein file business was a sh*t show. But she has done some good work. Here is an example:
https://x.com/charliekirk11/status/1915826498533310904
What happened with Milwaukee Judge Hannah Dugan that led to her arrest by FBI:
“The Judge learns that ICE was outside to get the guy, because he had been deported in 2013, came back into our country, charged with committing these crimes, victim is in court.
Judge finds out. She goes out into the hallway. Screams at the immigration officer. She’s furious. Visibly shaken. Upset. Sends them off to talk to the chief judge.
“She comes back into the courtroom. You’re not going to believe this. Takes the defendant and the defense attorney back in her chambers. Takes them out a private exit and tells them to leave. While the state prosecutor and victims of domestic violence are sitting in the courtroom.”
Know a guy from high school who always kind of felt like a grifter to me. He had a nice car, he’d won from a lawsuit over some accident when he was 18.
Looked him up out of curiosity and he has started a bunch of businesses all around (we involved in the distance learning diploma mill biz too). He got a PhD in “Engineering technology” from a distance learning certificate course. I doubt he has taken anything beyond Calc 1 but he calls himself an engineer. He has about 10 different advanced degrees on his resume from other diploma mills.
All this to say…he talks a great deal about how much he knows about “SCIENCE!” and how little others know. Wonder if he’s one of the trolls here.
PSA:
As a side note, I was almost scammed once, when I was looking for a nursing program. Lots of scammer programs out there will promise a nursing degree in a year and a half (or even one year). Always make sure the program is either CCNE or ACEN accredited. If they aren’t, you can’t even sit for the NCLEX-RN exam and will never hold an RN license.
Watch out, they will claim to be “accredited” and give a nice long list of all the agencies that gave their program “accreditation” but those “agencies” don’t count for licensure and at the end of all that time and money there’s nothing to show for it.
That’s just one example, I’m sure many other diploma mill programs are similar. Caveat Emptor.
“Been hearing from multiple grunts that British military men do disturbing gay shit in the field. Like sucking each other off.”
I am fully supportive of homosexuality in the military. It builds comradery. I would totally fight to the death for a guy that gives a good schnarling.
But it has to be open.
You can blackmail a guy who wants to keep that hidden.
But you can’t touch a guy who is proud of his technique.
Plus, it is harder for the enemy to kill a guy with skills…
…especially if they fight Arabs or the French.
Just found out Rob Holland passed away in an aviation accident.
RIP Rob Holland.
Mike went for a ride with him a few years back.
A great pilot, a great man.
Yep.
Collectivists are mostly composed of people who are too stupid to take care of themselves and predators who use these dummies as a shortcut to power.
There is a time for collectivism… as we all like roads and fire departments which nobody can make on their own…
…but that time is not when you don’t want to work but you feel entitled to the same nice things I earned.
Socialism always ends up with one empty hand extended to the productive while the other hand hold a gun…
…even in America where you dare not fail to pay your taxes even if you don’t believe they should go to illegal alien maternity care and generational welfare.
Are you looking at the mirrors, Maggots?
South Korea’s Conservatives are in sync with the American MAGA movement. The exact same platform as ex-President Yoon. This sickness that affects the brain is very contagious.
Conservative candidates slam political correctness and feminism to win over young male voters
https://www.reddit.com/r/korea/comments/1k8y1h5/conservative_candidates_slam_political/
“Are you looking at the mirrors, Maggots?”
No, silly, I am not a collectivist, I take care of myself, and I make fun of dummies rather than exploit them…
…though starting to reconsider on that last point.
“Conservative candidates slam political correctness and feminism to win over young male voters”
Feminism has become a sickness.
…plus it has no femininity.
First wave feminism wanted equal legal rights. The big victory was the right to vote. The number one issue with women voters now is if they can kill their baby. Let’s agree this experiment failed and return to letting men make the big decisions.
Second wave feminism wanted equal opportunity. That sounds reasonable until the truth came out. They really wanted quotas.
Third wave feminism no longer wanted equality, they wanted equity. They didn’t want equal opportunity, they wanted equal outcomes.
Forth wave feminism is insanity, focused on power dynamics, victimhood, intersectionality. Special privileges are shamelessly demanded in academics, the workplace, society, and even in criminal justice.
Feminism destroys women rather than empowers them.
Anybody smart will simply treat women according to their merit¹ and tell the femenazis to beat it.
¹This is pretty easy because men treat men according to their merit.
To see the face of feminist “justice”, check out Hannah Dugan’s mugshot.
FWIW, Denver is already improving immensely from this time last year. It is cleaner, and safer. MS-13 and their ilk are no longer running around with impunity.
I don’t know if it’s the local government allowing cops to once again do their jobs due to tax revenue lost with all the businesses fleeing, or Trump’s policies, or some combination. Either way the change is welcome, and long overdue.
(still moving to Florida though)
This is what evil looks and sounds like.
https://www.youtube.com/watch?v=aOHJdbnv_mI
This is one heck of a throw.
https://www.youtube.com/shorts/L93batUzo-k
Remember how everyone said the female helicopter pilot who flew into the airplane in Washington DC was a strunning and brave, strong and independent woman rather than a DEI hire?
We knew that was nonsense when her name was hidden for 3 days while her social media was scrubbed.
Let’s see if there has been any quiet update on the story.
“On Sunday, The New York Times released new details about the fatal crash and it revealed Rebecca Lobach repeatedly ignored warnings from her right seat about altitude.
Lobach’s male co-pilot, an Army flight instructor, directly told her to turn away, and she flew straight into a passenger jet.
“Not only was the Black Hawk flying too high, but in the final seconds before the crash, its pilot failed to heed a directive from her co-pilot, an Army flight instructor, to change course,” The Times reported.
“The Black Hawk was 15 seconds away from crossing paths with the jet. Warrant Officer Eaves then turned his attention to Captain Lobach. He told her he believed that air traffic control wanted them to turn left, toward the east river bank,” The New York Times reported.
“Turning left would have opened up more space between the helicopter and Flight 5342, which was heading for Runway 33 at an altitude of roughly 300 feet,” The Times reported.
And the fatal mistake, as reported by The Times, “She did not turn left.”
…shall we count the times we have witnessed Strong and Independent women intentionallly do the wrong thing because awareness of the right thing came from a man?
The Korean Incels don’t know the Ways of Women but many of the rest of you do.
Actually, we don’t know why she ignored repeated instructions to avoid hitting the jet, but, as information is slowly allowed to trickle out, nothing supports competence.
The pattern of all new evidence supporting an unpleasent conclusion should be obvious to everyone now.
As CH was too polite to mention, that was her fifth check ride, having failed the four previous.
A while back, at a major commercial airline, there was a female Captain who was so hard to work with she topped the “will not fly” list (that’s a list made by FOs, of captains they won’t fly with…I don’t know if they still have that, but it was a thing for decades, and a good thing).
Very top “will not fly with this person” pilot.
Well…she and her copilot had an altercation landing. She ended up crashing on the runway, the landing gear broke off it was so forceful.
Guess who retired with a nice severance package? That stupid female captain. Her name didn’t even make the news (they mentioned the crash on the runway, but not the name of the pilot). That was a few years ago.
Also look up the Alaska Air FO who claimed the captain she flew with drugged and sexually assaulted her. With no evidence. It made headline news at the time. About a month later, she did it again with another captain. The first pilot she accused could not find employment again as a pilot anywhere. Her name was just fine. She went on to work for an airline in Hawaii (last name is Pena).
Asked Mike and he thinks they still have that list.
It’s a “bid avoidance” list. When a pilot becomes so unpopular less than a certain percent of FOs want to copilot with him/her, that person has to go to another hub (location to fly out of). There was another woman pilot who retired pretty recently who had to move several times for this reason. She seemed to take pride in being hated (guess for the feminist being intolerable just means you’re super awesome and independent). It’s less of a problem with male pilots (though there are some). Most likely because everyone is afraid to question a woman for being impossible to work with.
Wallstreet journal mentioned something interesting today.
Nationwide, business office properties are only 62 percent occupied now. It basically happened during covid when people started working from home. Cascading consequences are much like a miniature scale (miniature scale per building, massive scale taken as a whole) of when a military installation closes and all the businesses around it have to close up shop.
To add a fly to the ointment, large financial investors like Blackstone bought up the buildings because they thought they were getting a great deal. Now, they are sitting on those properties and won’t make concessions necessary to attract new renters. So those areas area slowly dilapidating (even if and when they get crime under control, which has also been a factor since 2021).
Related note, and the reason I bring this up:
Most people don’t know that major investment institutions like Blackstone have indirect partnerships with large financial institutions like Meryl Lynch. Meryl Lynch has historically had a good reputation, so many investors trust them with their money. They (and I’m sure they aren’t the only ones) are incentivized to buy large chunks of Blackstone (and others) using the retirement accounts of their customers. The next fly in the ointment: Investors are limited, yearly, on the number of shares they are allowed to sell from Blackstone (and again, I am certain they aren’t the only company that does this). Much like global “free trade”, owning shares in this company comes at a cost…and that cost is hidden in the fine print because investors trusted their financial institution with their savings, and that financial institution is tied to a lot of perverse incentives to work for larger interests that don’t help the small investor.
It might take 10 years or more, once one decides to sell, to sell all of the shares. Furthermore, the ROI is extremely low for those ML bought shares (especially compared to the alternatives), and the cost extremely high. It is extremely predatory. The large financial institutions do not work for the customer, they work for the institutions they put their investor’s money into to tie it up in perpetuity and make it inaccessible, as inflation eats it away.
(I am reminded of the Big Short…and on that note, because the bankers suffered no consequences but quite the contrary, were largely rewarded for their derivative scams, the derivative market has never been more alive than it is now).
BTW, large financial institutions also incentivize publications like the Wall Street Journal, which is why every day they scream something about tariffs, rather than offering some considered perspective on cost to gains. This is why our Korea thing posters can reference the WSJ articles and claim they are “conservative”, when they do not have our nation’s longterm interest in mind but rather the short term interest of their financial backers who have a short term interest in their personal ROI that will be impacted by any change to the status quo.
How would like to be one of the commander’s that received a phone call that their Soldiers were arrested being involved in this incident?:
https://www.armytimes.com/news/your-military/2025/04/28/active-duty-troops-detained-in-dea-raid-at-illegal-colorado-nightclub/
Liz, In England Blackrock is working with Serco to buy up private rental housing because English government has come up with a scheme to pay landlords a guaranteed 5 year contract to house the migrant invaders.
@GIKorea, I think under the new rules the commanders better not have any other issues or they’ll be tasked with inventorying landscaping tools at a base in BFE…