Welcome to Monday, where post-Merkel Germany looks set shift to a center-left coalition, San Marino and Switzerland catch up with the rest of Europe on two key social issues, and a turtle slows things down at a Japan airport. Meanwhile, we take an international look at different ways to handle beloved, yet controversial, comic books and graphic novels characters.
🌎 7 THINGS TO KNOW RIGHT NOW
• Social Democrats narrowly win German elections: Germany's center-left party claimed a narrow victory in the federal election, beating the CDU party of outgoing chancellor Angela Merkel by just over 1.5%, according to preliminary results. SPD leader Olaf Scholz has claimed a mandate to form a government with the Greens and Liberals, in what would be Germany's first three-way ruling coalition. Germany's capital city Berlin will also get its first female mayor.
• Switzerland says yes to same-sex marriage: Nearly two-thirds of Swiss voters approved the proposal to legalize same-sex marriage in a referendum, making it one of the last countries in Western Europe to do so.
• San Marino voters back legal abortion: More than 77% voted in support of legalizing abortion up to 12 weeks of pregnancy in San Marino in a historic referendum for the predominantly Catholic tiny city-state, which was one of the last places in Europe that still criminalized abortion.
• COVID update: Australian authorities announced they will gradually reopen lockdowned Sydney, with a system that will give vaccinated citizens more freedom than the unvaccinated. Meanwhile, Thailand will waive its mandatory quarantine requirement in Bangkok and several other regions for vaccinated travellers in November. In Brazil, a fourth member of President Jair Bolsonaro's delegation to the United Nations has tested positive to COVID-19.
• Power shortages in China spread: Tight coal supplies and toughening emissions standards have led to power shortages in northeastern China, forcing numerous factories including many supplying Apple and Tesla to halt production.
• Strong earthquake hits Crete, at least one killed: An earthquake of magnitude 6 struck the Greek island of Crete, with reports that at least one person was killed and several injured after buildings collapsed.• Turtle causes delays at Tokyo airport: A wandering turtle forced the Tokyo Narita airport to close its runway for twelve minutes, delaying five planes, including an All Nippon Airways plane featuring ... a sea turtle-themed fuselage.
"Neck and neck," titles German daily Augsburger Allgemeine about the tight results of the federal election, which according to preliminary results, is set to be won by the center-left party SPD led by Olaf Sholz by just over 1.5%. It was the country's tightest race in years, and will likely lead to long, complicated negotiations to form a coalition government.
On Sunday, hundreds of thousands of Muslim pilgrims from Senegal, but also from elsewhere in Africa, Europe, and the United States, converged to the great Mosque of Touba, as part of the Grand Magal. The annual pilgrimage, a Wolof word meaning celebration, marks the date French colonial authorities exiled spiritual leader and founder of the Senegalese Mouride Brotherhood Sheikh Amadou Bamba.
📰 STORY OF THE DAY
Cancel Tintin? Spotting racist imagery in comics around the world
From the anti-Semitic children's books of Nazi Germany to the many racist caricatures of Asian, African or Indigenous people in the 20th century, comics have long contained prejudiced, sexist and xenophobic stereotypes. These publications have been rightfully criticized but some are pushing back, saying that this kind of unwarranted "canceling" threatens freedom of expression. Here are examples from three countries around the world about how people are handling the debate and sketching the future of comics.
🔥📚 The Adventures of Tintin and The Adventures of Asterix both emerged in French-speaking Europe during the 20th century and quickly developed global audiences. But the comic books have also been called out for controversial depictions of certain groups, including North American Indigenous peoples. And as Radio-Canada recently reported, one group of French-speaking schools in Ontario found the texts so offensive that they decided to go ahead and burn the books. The report, not surprisingly, stirred up a pretty fiery debate on the issues of free speech and what some refer to as "cancel culture."
🤠 In a more progressive model for rethinking cartoons with long — and complicated — legacies, Lucky Luke in France is taking a different direction. Telling the story of a cowboy in the Wild West, the series is notably lacking in terms of diversity. But in 2020, well-known French cartoonists Julien Berjeaut (known as Jul) and Hervé Darmenton (known as Achdé) took on the challenge of a more inclusive Lucky Luke. With its 81st album, Un Cow-Boy Dans Le Coton (A Cowboy in High Cotton), they changed the perspective to focus on recently freed Black slaves.
🇯🇵 Outside of France and Belgium, Japan arguably has the largest market for graphic novels, or manga, which first developed in the late 19th century. And like their European counterparts, certain manga titles have been accused of using racist tropes. One example is the character Mr. Popo, a genie from the popular Dragon Ball series who has been cited for having offensive features. In the meantime, more and more mangaka (creators of manga) are expanding beyond these traditional representations, including in their depictions of women, who are over-sexualized in many mangas.
➡️ Read more on Worldcrunch.com
"Still now, I am terrified."
— In mid-August, Afghan news anchor Beheshta Arghand interviewed Mawlawi Abdulhaq Hemad, a high-ranking Taliban representative, for TOLOnews. A historic moment for the female presenter, just days after the Islamic fundamentalist group took over Afghanistan. Now exiled in Albania, Arghand tells the BBC in a moving testimony why she had to flee to Albania and how she, like many in her country, has lost everything.
✍️ Newsletter by Anne-Sophie Goninet, Jane Herbelin, Clémence Guimier & Bertrand Hauger
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- Cancel Tintin? Spotting Racist Imagery In Comics Around The World ›
- Cancel Tintin? Spotting Racist Imagery In Comics Around The World - Worldcrunch ›
Crunching the numbers of South Korea's personal and household debt offers a glimpse into what drives the win-or-die plot of the Netflix hit produced in the Asian country.
SEOUL — The South Korean series Squid Game has become the most viewed series on Netflix, watched by over 111 million viewers and counting. It has also generated a wave of debate online and off about its provocative message about contemporary life.
The plot follows the story of a desperate man in debt, who receives a mysterious invitation to play a game in which the contestants gamble their lives on six childhood games, with the winner awarded a prize of 45.6 billion won ($38 million)... while the losers face death.
It's a plot that many have noted is not quite as surreal as it sounds, a reflection of the reality of Korean society today mired in personal debt.
Seoul housing prices top London and New York
In the polished streets of downtown Seoul, one sees endless cards and coupons advertising loans scattered on the ground. Since the outbreak of the pandemic, as the demand for loans in South Korea has exploded, lax lending policies have led to a rapid increase in personal debt.
According to the South Korean Central Bank's "Monetary Credit Policy Report," household debt reached 105% of GDP in the first quarter of this year, equivalent to approximately $1.5 trillion at the end of March, with a major share tied up in home mortgages.
Average home loans are equivalent to 270% of annual income.
One reason behind the debts is the soaring housing prices. In Seoul, home to nearly half of the country's population, housing prices are now among the highest in the world. The price to income ratio (PIR), which weighs the average price of a home to the average annual household income, is 12.04 in Seoul, compared to 8.4 in San Francisco, 8.2 in London and 5.4 in New York.
According to the Korea Real Estate Commission, 42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s. For those in their 30s, the average amount borrowed is equivalent to 270% of their annual income.
Playing the stock market
At the same time, the South Korean stock market is booming. The increased demand to buy stocks has led to an increase in other loans such as credit. The ratio for Korean shareholders conducting credit financing, i.e. borrowing from securities companies to secure stock holdings, had reached 21.4 trillion won ($17.7 billion), further increasing the indebtedness of households.
A 30-year-old Seoul office worker who bought stocks through various forms of borrowing was interviewed by Reuters this year, and said he was "very foolish not to take advantage of the rebound."
In addition to his 100 million won ($84,000) overdraft account, he also took out a 100 million won loan against his house in Seoul, and a 50 million won stock pledge. All of these demands on the stock market have further exacerbated the problem of household debt.
42.1% of all home purchases in January 2021 were by young Koreans in their 20s and 30s
Game of survival
In response to the accumulating financial risks, the Bank of Korea has restricted the release of loans and has announced its first interest rate hike in three years at the end of August.
But experts believe that even if banks cut loans or raise interest rates, those who need money will look for other ways to borrow, often turning to more costly institutions and mechanisms.
This all risks leading to what one can call a "debt trap," one loan piling on top of another. That brings us back to the plot of Squid Game, "Either you live or I do." South Korean society has turned into a game of survival.