Hirom

Gambling and loosing your life savings has never been easier!

Emmanuel Macron l’assume d’ailleurs "totalement"

Par expérience, je devienne que quand E Macron dit qu'il assume, il ne veut pas dire qu'il va démissionner.

Quid de la trêve hivernale dans ce cas?

Je craint que ça ne soit une faille qui permette de passer outre les lois qui protègent les locataires.

Thanks for sharing.

Are there more details available on roundtrip efficiency? I doubt this can compete against pumped hydro, given it has a very high efficiency. But that might be useful in situations where it's not possible to use more efficient options.

Thankfully, regulators aren't betting on perfect reliability to keep these power plants safe. Critical systems need to have double redundancy.

Thanks for the links, it's interesting background. In that article from February 2021, The Artlantic states "There was also never a default".

There was indeed no default as of February 2021. The default occured later, in April-May 2022, so we can't expect a past article to include that information.

All major lenders need to take part in restructuring the debt indeed. That occured in 2023, and multiple lenders asked for a restructuring deal similar to the first one signed with China. I don't know about the US, but Japan/India/French lender were looking for a similar restructuration terms. That sounds fair to me.

A debt rework between Sri Lanka and countries including Japan, India and France was also expected this week, but news of the EXIM deal took them by surprise. The three nations request comparability of debt treatment with China.

"As far as the information we have is concerned, conditions set by China are comparable to ours," Kanda said.

The country's default is clear evidence the overall debt wasn't sustainable. Both Sri Lanka and its lenders have a responsibility on this. China is often the first mentioned because it was (still is?) Sri Lanka's biggest foreign lender, although it would be good to have transparency of the country's debt and interest rates on a per-lender basis, to see which ones are the most sustaonables.

The 2022 bloomberg article you cite first state:

It didn’t provide details on the value of the loans which it said matured at the end of 2021, nor did it state which nations owed the money.

I couldn't read much further due to the paywal.

The Bloomberg article has too few details to make conclusions. We don't know if AP and Bloomberg articles are referring to the same countries, nor whether it's a significant portion or that country's debt toward China.

The Reuters 2021 article has more details, and cite write-offs, as well as specific countries benefiting from deferrals: Angola, Pakistan, Kenya, the Republic of Congo. It's good to read there's some willingness to accomodate some countries.

Sadly that didn't prevent Zambia and Sri Lanka from defaulting. China has lended hundred of billion of dollars with unsustainable terms, and this contributed to countries defaulting. That's a bad situation for everyone involved.

Et il n'a même pas annoncé ses intentions pour 2032 et 2037 ?

On nous préviens au dernier moment, comme toujours. /s

I hope Tanzania and Zambia read the fine pints on the loan/inversement agreement.

That's true. If there's lots of flexibility in the energy consumption, then it would be easy to keep adding lots of renewable. And there's lot of potential for demand flexibility.

In reality there's limited flexibility, in part due to laziness and inertia. So adding more solar is giving diminishing returns. Which means adding solar gets harder to do economically as the share of renewable increase.

There need to be better incentives for flexibility in demand (ie push consumer to shift energy usage) and for storage (ie give energy producers bonuses depending on the amount of energy storage they have available).

Knowledge of the account is an obvious caveat. Yubikey-based MFA is an added layer of protection for accounts, so any kind of attack against MFA assumes the attacker already knows which account to target.

It's like saying "our door lock is flawed, but the attacker would need to have knowledge of the door".

The cost and complexity is what's noteworthy and is more relevant. Although attack cost and complexity usuallu goes down with advances in tooling and research. So it may be a good idea to plan a progressive retirement of affected keys.

Vas y gros, qu'on rigole un peu.