Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans
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Europe

Rishi Sunak and Keir Starmer can barely say the B-word (The Times)

Introduction LO: This topic is truly amazing: a majority of the British population now regrets Brexit except for its politicians (eg, Times). The article argues that it's fear that keeps politicians away from discussing it. Perhaps, it is indeed. However, fear over what exactly? And - more importantly - why? It has been argued by others that it will take "decades"...

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Jobs keep booming (Axios Markets)

Axios Markets title: Jobs keep booming Axios Markets subtitle: The labor market isn't cooperating with the Fed By: Neil Irwin and Courtenay Brown Date: 2 December 2022 "There's no denying it: The labor market is fantastic for workers. Where it stands: Jobs are plentiful, and businesses have a robust appetite for new employees who are in short supply. The...

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The 3 stages of ignorance

Recently, the FT mentioned a 2022 book by Andy Borowitz, an American satirist: Profiles in Ignorance: How America’s Politicians Got Dumber and Dumber (eg, Amazon). I just listened to his interview on PBS. He mentions 3 stages in ignorance: (i) ridicule, (ii) acceptance, and (iii) celebration. According to Andy Borowitz, stage 1 was in the 1970s (eg, Ronald Reagan)....

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Hallmark Christmas films

I've been watching Hallmark Christmas films again on Amazon Prime Video. Yes, these films are entirely predictable. Yes, some actors are out of their depth. Nevertheless, I love watching those scenic locations (eg, countryside, snowy mountains), and their cosy, farm, and/or majestic houses. Hallmark films usually show rural America which is indeed quite different...

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Investors flee China (Axios Markets)

Axios Markets title: 1 big thing: Investors rethink giant bet on communist dictatorship By: Matt Phillips Date: 25 October 2022 "Global capital fled China en masse yesterday in the aftermath of Xi Jinping's quasi-coronation as the sole power in charge of China, Matt writes. Why it matters: Market moves suggest investors were surprised by the extent to...

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Money does not buy Power

There's a Dutch saying that translates like: a sparrow is a bird but a bird is not a sparrow. I was reminded of that saying when I read the following: "it's easier to turn power into money than it is to turn money into power" (Axios Markets, #1). The best example might be former Chinese tech billionaires (eg, Nikkei) Money is 1 of the 3 belief systems in the Power...

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