Nikkei average stock price hit 39,098 yen per share, a high that hasn't been seen in 34 years

Hokkaido resident interviews below regarding the phenomena

When the stock prices go up abnormally, there are repercussions so I'm cautious

Hourly wage nor salaries will rise up and we cannot go on living like this. Only (stock) prices that are unrelated to daily living are rising.

No one feels that the economy's doing well. The rich gets richer while the poor stays poor.

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The act of cross-posting fragment discussion among myriads of instances

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The act of cross-posting fragment discussion among myriads of instances

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The act of cross-posting fragment discussion among myriads of instances

The act of cross-posting fragment discussion among myriads of instances

-Saito Kohei is a renowned Marxist scholar from the University of Tokyo

-As a result of ignoring climate change and economic disparity, people are not reproducing anymore

-Japanese social contract has been broken down and lifetime employment has been reduced to irregular employment

-Workers are being seen as nothing more than costs by companies

-Overconcentration of population in Tokyo is happening not due to the wish of the poeple, but due to the concentration of capital there

-Population decline is happening not only in rural areas but in regional cities as well due to this phenomena

-Japan and South Korea are in a grave situation due to advanced capitalism (in their respective countries)

The car starts at just over US$11,000, lower than bestselling petrol-powered cars like Volkswagen’s Lavida and Toyota’s Corolla

The world’s largest EV maker, BYD has been ramping up efforts to make its mass-market electric cars more affordable for Chinese consumers

BYD, the world’s largest electric-vehicle (EV) maker, has launched a new version of its plug-in hybrid model the Qin Plus DM-i, pricing it lower than bestselling petrol-powered cars like Volkswagen’s Lavida and Toyota’s Corolla.

The company, backed by Warren Buffett’s Berkshire Hathaway, said on Monday that the new variant, known as the Glory Edition, aims to accelerate customers’ conversion from fossil fuel-powered vehicles to EVs amid a slowing economy.

The new version starts at 79,800 yuan (US$11,086), lower than the previous edition by 20,000 yuan or 20 per cent. Its battery-only driving range is 55 kilometres.

“The price will make petrol car assemblers tremble,” BYD said in a statement on the microblogging site Weibo. “The Glory Edition will become a benchmark for the Class-A [compact] car segment.”

The new edition is 15 per cent cheaper than the entry-level Lavida and nearly 40 per cent less than the basic Corolla.

Prada likes the word useful; she dislikes the word luxury, which she finds vulgar. And here is the rub, the nub, the dichotomy that runs through her life and her work: Miuccia Prada is an extraordinarily successful fashion designer selling beautiful, expensive clothes and accessories. She is also—something confirmed with a nod when I asked—politically left of center, with a doctorate in political science (she also studied mime for five years), a former member of the Italian Communist Party who marched for women’s rights. “I always thought there were only two noble professions: politicians or doctors,” she told me. “Doing clothes [while coming from] a group of very important intellectuals—for me it was like a nightmare. I was so ashamed, but anyway I did it…. The love of beautiful objects prevailed.” Her political opinions have mostly had to be kept private. “I work for a luxury company,” she said, laughing at the irony. “It’s not perfect for a political position like mine—this was always the biggest contradiction in my life.”

Miuccia Prada was born Maria Bianchi into a well-heeled bourgeois Milanese family in 1949. Her grandfather Mario Prada had founded Fratelli Prada (“Prada Brothers”), a leather-goods shop, in 1913; her mother took over the family business in the 1950s.

“When I was young,” Prada told me, “I always wanted to be different.” She immersed herself in the activist generation of the 1960s, but she always loved clothes—while everyone else was wearing jeans at demonstrations, she famously wore Yves Saint Laurent.

And while she rebelled against the bourgeois assumptions of her upbringing, she joined the family business, taking it over from her mother in 1978.

It comes as little surprise, given her youthful background in agitprop and protest, that Prada remains very much aware of the wider world far outside fashion—its wars and suffering, its array of crises and injustices. “That’s why I am always ashamed,” she told me. Publicly but quietly, as well as personally, Prada supports a myriad of causes, including cancer research, but she tends to be discomfited by showy fundraising galas, preferring engagement to mere charity.