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Joined 4 months ago
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Cake day: May 19th, 2024

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  • …a “leveraged loan” usually means there’s a contract to sell a natural resource for a very cheap price (far below the market rate) if the loan isn’t paid back. That’s the “leverage” that makes the loan (usually to an otherwise poor country) “good” in the eyes of the world bank.

    So that’s what happens. If they refuse to give up the goods, they’ll get down graded, possibly refused global banking services, or put on an embargo list… And they’ll probably arrange ownership of the mine/refinery/wells and have them secured with private security forces anyways.






  • I don’t know if you’ve ever read through a debate on a contentious and well attended topic on Wikipedia, but they tend to differ to experts, academics, and reliable sources, as it’s a Wikipedia policy (the easiest policy to appeal to in fact).

    Sounds like this was more than one ‘point of fact’ or on lone editor at play. Perhaps we read to different things here:

    The Los Angeles-based Jewish Journal, which followed the Wikipedia discussion and vote, wrote that the editors who voted on this change claimed to be relying on an academic consensus based on statements of experts on genocide, human rights, human rights law and Holocaust historians.

    Sounds like they used high quality reliable sources to define the characterisation of the events. Which is a very Wikipedia approach to take.