Introduction LO: I agree with Henry Gee's opinion below and recommend reading his arguments. The impact of a graying population (a.k.a. demographics) is already noticeable in the labour market. There's a shortage of workers in several sectors in many countries. There's some discussion about whether China's population is already in decline (eg, Financial Times-April...
Financial Times title: There is no easy escape from the global debt trapFT subtitle: No matter what happens to near-term inflation and growth, the world is too indebted for rates to rise much higherOpinion by: Ruchir Sharma (see Note below)Date: 22 November 2021 "One of the big mysteries in the global economy is why, though inflation is making a strong comeback,...
A salmon lives in oceans or seas but returns to the place it was born in order to lay its eggs (ie, to spawn). That upstream river swim towards the spot where the salmon was born is so exhaustive that salmon "usually die after spawning" (source). I suppose this explains the human adage: go with the flow. Most of us adhere to that adage. At times, we don't like that...
While looking for the Confucius quote for Wednesday's blog on a simple vs complicated life, I suddenly noticed this one at the top: "By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest.” In 2019, I wrote part one of this blog, The 3 roads to Wisdom,...
CNN, 31 October: "American Airlines canceled another 634 flights on Sunday, more than 12% of its total operations for the day, the company said Sunday. The airline has now canceled more than 1,500 flights since Friday, as it deals with weather issues and staffing shortages that started last week." Some media claim that vaccine mandates are causing those staffing...
"Bosses have power over their workers, parents have power over their children, and, more generally, we can say that those in authority have power over their subordinates. In short, power refers to the process of social influence itself—those who have power are those who are most able to influence others." (a quote from Obedience, Power, and Leadership). Power needs...
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