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Apple stopped sales in Turkey after the lira crashed 15% in a day

reuters.com

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Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#231

Post by mrtksn »

fivea wrote: post #230
mrtksn wrote: post #198

Earlier quoted context omitted.

They did all that but Turkey is also a powerful country and important ally. EU can stall Turkey's admission in the EU and they did that however they also need Turkey to tackle the refugee crisis, Russia and other issues. EU got to the brink of collapse with 1 million Syrian refugees, Turkey is hosting 5 million of them. EU and Erdogan got a deal, EU turns blind eye to some of Erdogan's stuff and Erdogan takes back al…

> EU got to the brink of collapse with 1 million Syrian refugees (...) That's quite the extraordinary claim. Can you offer any extraordinary evidence that supports your claim? Because from what I've gathered, it barely holds any bearing with reality.

Yes, check Brexit and Marie Le Pen, politics in Poland, Hungary, Germany back in 2016. The refugee crisis was a central theme back then and anti-EU politics managed to gain significant grounds thanks to it. In UK, they even passed the mark narrowly and left the EU.

Sure, the refugees are never the only EU issue but the 2016 crisis pushed EU to its limits and even chopped of part of it. That's why EU was at the bring of collapse and if it continued there was as strong probability that anti-EU politics would prevail in other(than UK) EU states too.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#232

Post by aaa_aaa »

CSDude wrote: post #102
throwaway4good wrote: post #38

Earlier quoted context omitted.

Is the cost of living (food, rent, price of a coffee at a bar ...) in lira going up at the same pace? Or is the inflation only felt in imported goods suchs computers, gasoline ...

It used to be OK. However, recent increase and the longer increase with start of Covid started to amplify in all goods. Even bread is now 1.5/2x more expensive, restuarants are 2x expensive compared to 1YR, because of cascading increases in every industry, mostly transportation and goods. For instance, the wood for the kitchen is increased almost 3x in 6 months according to our guy. Tech workers are mostly in good sp…

99 taxes are only a part of it.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#233

Post by fmajid »

ryanlol wrote: post #199
mrtksn wrote: post #195

Earlier quoted context omitted.

Well, for once the CIA agent Graham Fuller[0] actively supported Gulen's green card application[1]. I don't know if Gulen was a CIA himself but there are ample clues that he is at least involved with the US government. CIA has a rich history of pulling such operations. That's Fascinating read actually. [0] https://en.wikipedia.org/wiki/Graham_E._Fuller [1] https://www.politico.eu/article/graham-fuller-turke-issues-a.…

I don’t think this really supports the original claim. E: s/your/the/

He was given a green card as a "prominent educator" despite not having a degree himself. Anyone who's been through the US immigration wringer knows the process is very strict, and prima facie Gülen was not eligible.

The only similar case that springs to mind is the maid of the former Indian vice-consul in NY's maid:

https://www.thehindu.com/news/international/world/maids-fami...

That also stinks to high heaven, and created a serious diplomatic incident with India.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#234

Post by pas »

can16358p wrote: post #141
pas wrote: post #117

Earlier quoted context omitted.

Sure, but the added value is local, which helps exports.

Yup, it helps with exports but it simply can't outweigh the losses from devaluation and foreign dependency.

It's not a one time thing. It's a convergent process.

It provides advantage as long as the currency is in that deprecated state. Basically the same work will cost less in the depreciated currency. This causes demand for that work, which causes appreciation of the currency.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#237

Post by AdrianB1 »

andrewaylett wrote: post #178
AdrianB1 wrote: post #166

Earlier quoted context omitted.

As long as they tell in advance (before you order), they can have any rules like any contract. It is extremely rare to have weird rules, but more common sense ones like "exact change or card only", "card only" are fairly common.

This quite possibly varies by jurisdiction, but at least in the UK they do have to take legal tender in the GP's case. In a restaurant where one pays after receiving the food and a petrol station where one pays after receiving the fuel, you have no way to give back what you've taken and leaving without paying is illegal. So while it would be foolish of the retailer to attempt to refuse payment in local currency, if y…

Why do you point to UK as an argument about US? Different countries, different laws, no argument. Most of Europe is very different versus US, there is no doubt about that.

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#239

Post by authed »

arcticbull wrote: post #216
authed wrote: post #130

Earlier quoted context omitted.

> Maybe they should sell it in Bitcoin and *automatically trade for dollars* Looks like you didn't read the parent comment.

That doesn’t mean they wouldn’t need to change the sticker continuously thought right? This is almost certainly what they’re doing with Lira now.

Charge a price in USD, but accept bitcoins for it?

Re: Apple stopped sales in Turkey after the lira crashed 15% in a day

#240

Post by drekk »

mrtksn wrote: post #231
fivea wrote: post #230

Earlier quoted context omitted.

> EU got to the brink of collapse with 1 million Syrian refugees (...) That's quite the extraordinary claim. Can you offer any extraordinary evidence that supports your claim? Because from what I've gathered, it barely holds any bearing with reality.

Yes, check Brexit and Marie Le Pen, politics in Poland, Hungary, Germany back in 2016. The refugee crisis was a central theme back then and anti-EU politics managed to gain significant grounds thanks to it. In UK, they even passed the mark narrowly and left the EU. Sure, the refugees are never the only EU issue but the 2016 crisis pushed EU to its limits and even chopped of part of it. That's why EU was at the bring…

One country left the EU and was made an example. Britain is worse off for it and didn't gain anything. The entire world had the pendulum swing to conservative governments, including the US which had even less refugees at the border.

I don't appease bigots. We are going to see many more refugees within our lifetime and the "1st world" cannot ignore the problem forever by sending them to different poor countries.

It's not the number of refugees that the EU can't handle, it's the fact that they're not white, english-speaking christians. We can bullshit around that, but statistically refugees commit fewer crimes and attain higher education in larger numbers than native-born citizens.

Germany, to give an example I can speak to, has a fertility rate around 1.5. Quite frankly most of the EU could really use the new blood if they could only get over the fact that those people weren't born on magical "EU soil"

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