41–50 of 55 posts
Earlier quoted context omitted.
Czechia doesn't exist. It should be the Czech Republic! Macedonia will never be North Macedonia! Greece, NATO, and EU ascension be damned! Rename Eswatini to Swaziland! Zaire shall live on! /s Why the double standard for Turkiye? It's just pure racism.
My keyboard doesn't have the special u
I thought interest was hudud? [0] /s Tbf, Erdogan's Islam excuse was bullshit. He kept interest rates low because his family has a controlling interest in construction companies in Turkiye. The company that built Istanbul Airport and runs IGA are run by relatives for example [1] and instigated their conflict with the UAE after Emaar "stole" the Bucharest (edit: Belgrade) Waterfront redevelopment from them [2] Turkiye…
We don't call China "中国," so why are we calling Turkey "Turkiye"?
Earlier quoted context omitted.
Czechia doesn't exist. It should be the Czech Republic! Macedonia will never be North Macedonia! Greece, NATO, and EU ascension be damned! Rename Eswatini to Swaziland! Zaire shall live on! /s Why the double standard for Turkiye? It's just pure racism.
My keyboard doesn't have the special u
Earlier quoted context omitted.
We don't call China "中国," so why are we calling Turkey "Turkiye"?
Mostly because they asked. We don't have to rehash the whole reasons here, Wikipedia already spilled endless pixels arguing both viewpoints, with the expected culture war arguments and colorful comparisons that keep those discussions spicy Do whatever you want. Let's just not derail every thread when you see someone on the opposite side, we know how that ends
Actually, I thought this was really classy of them to actually announce/ask the world that they would please call them Turkiye.
Doesn't bother me - but I thought it was interesting that they actually asked.
I have a light interest in the etymology of naming of places and countries. There was a really interesting book I perused in a book store, which was the origin of place-names for all places in California. 90% of place names are by the first/most documented land owner.
Lots of airport codes are named after the original farm fields that were used as strips, and those were named after the farm/land owners. (or after pilots who died)
My layman understanding: raising interest rates is supposed to slow down businesses from growing as fast. The way businesses often respond is by downsizing the workforce. So then you get inflation that’s still high + high unemployment: not a great recipe. Does anyone with a background in economics have more insight into this?
So, conversely, you can combat inflation by raising interest rates.
But that's only one cause of inflation. If your economy is unproductive, or if the costs of your supplies go up, then prices will go up regardless of what your interest rates are.
That was what happened to the US (and elsewhere) in the 1970s. Oil prices skyrocketed, and that raises the price of literally everything. Fewer goods were purchased, so companies reduced staff, raising unemployment. Unemployment + inflation is called the "misery index", and it's not easily fixed just with monetary measures.
The US solved that in part by government debt. The government is the "borrower of last resort". It can pump money into the economy even when interest rates are high. That will eventually cause inflation but can also break the cycle of price rises and firings. People buy stuff despite high prices, more workers are hired, and eventually the economy reaches a new equilibrium despite the higher price of supplies.
I thought interest was hudud? [0] /s Tbf, Erdogan's Islam excuse was bullshit. He kept interest rates low because his family has a controlling interest in construction companies in Turkiye. The company that built Istanbul Airport and runs IGA are run by relatives for example [1] and instigated their conflict with the UAE after Emaar "stole" the Bucharest (edit: Belgrade) Waterfront redevelopment from them [2] Turkiye…
We don't call China "中国," so why are we calling Turkey "Turkiye"?
A lot of countries and people, in particular ones that were colonized, are known by exonyms. Names chosen/given by outsiders.
In some cases, these names don’t even make sense, or they might even be pejorative.
So, in recent years, there’s been a push to use the names chosen by the people to whom it pertains. If only as a recognition of self-determination.
Türkiye, while not necessarily being subjected to colonization, capitalized on this by virtue of Erdoğan putting out a diplomatic request to other countries to be called Türkiye, and pretty much everyone acquiesced.
In his case, it was more a matter of pride and annoyance that Turkey was a homonym of the name for the Thanksgiving bird[0].
So, all in all, I’d say it’s a good development, even if, in Türkiye’s instance, it’s for less noble reasons.
Quick fun facts:
1) while the US State Department accepted the change in spelling, they’ll still use the English pronunciation[1]
2) The Thanksgiving bird is named differently in various languages after the country/region the speakers of that language thought it originated from; e.g., Turkey in English because they thought it came from Turkey, Hindi in Turkish, and Kalkoen in Dutch respectively named after “Hindistan” (Turkish for India) and Calcutta, etc.[2]
0: https://www.cnn.com/2022/06/03/middleeast/turkey-name-change...
1: https://apnews.com/article/politics-turkey-us-department-of-... There was a source on the State Department website that instructed on the old pronunciation, but I can’t find the link anymore
2: https://en.wikipedia.org/wiki/Turkey_(bird)?wprov=sfti1#Name...
The new plan after the election is single digit inflation in 2027. I don't think he will live that long to see it, he's ill, but yeah, it's the usual economics after all.
I thought interest was hudud? [0] /s Tbf, Erdogan's Islam excuse was bullshit. He kept interest rates low because his family has a controlling interest in construction companies in Turkiye. The company that built Istanbul Airport and runs IGA are run by relatives for example [1] and instigated their conflict with the UAE after Emaar "stole" the Bucharest (edit: Belgrade) Waterfront redevelopment from them [2] Turkiye…
We don't call China "中国," so why are we calling Turkey "Turkiye"?
You can continue to call it as usual, I don't think no one will be offended by it :)
Does interest rate resolve in USD or turkish lira? Isn't it a no brainer if its pays in USD to invest, as long as turkish central bank is solvent?
(The OP talks about central bank rates and a recent increase, but consumer banks have had accounts with high rates (relative to other investment alternatives) for a long time. Just nowhere as high as this.)
Earlier quoted context omitted.
We don't call China "中国," so why are we calling Turkey "Turkiye"?
Czechia doesn't exist. It should be the Czech Republic! Macedonia will never be North Macedonia! Greece, NATO, and EU ascension be damned! Rename Eswatini to Swaziland! Zaire shall live on! /s Why the double standard for Turkiye? It's just pure racism.
Why you chose to assume the worst of someone and make a baseless accusation of racism, I don't know, but it isn't charitable, and frankly, the accusation sounds ridiculous.
[0] One of my favorites. Consider that in Polish, Germany is called "Niemcy", which ultimately comes from the Protoslavic word for "foreigner", which itself comes from "mute one" ("niemy" in Polish). Compare this with "Słowianie" (Slavs) from "słowo" ("word"), thus those whose speech is intelligible to us, versus those whose speech isn't (compare this with the Greek etymology for "barbarian").