#economic conditions and growing debt

[theonlythingtheyfearistruth]

WHY DYSTOPIA MUST BE BORING TO SUCCEED

The "Boring Dystopia Strategy" is a highly strategic and often subtle method employed by those in power to create an enduring, all-encompassing authoritarian government. The genius of this approach is that it doesn't look like a dystopia at first glance. Each step toward oppression is disguised as a necessary solution to a societal problem, creating a series of small, unassuming changes that collectively transform society into a high-surveillance, debt-ridden, and highly regulated landscape. The result is a quiet but relentless march towards a government structure that controls nearly every aspect of daily life, cloaked in the language of safety, responsibility, and "public good."

Key Components of the Boring Dystopia Strategy

Enhanced Surveillance as Crime Prevention Surveillance systems are marketed as tools to make communities safer. The rationale is straightforward: if there are cameras everywhere, criminals are less likely to act. At first, this seems like a good idea. However, as surveillance expands, it reaches a point where privacy no longer exists—every action and interaction is tracked and recorded. People's movements, purchases, conversations, and even thoughts (through social media and data mining) become data points in a government database. The population is conditioned to accept surveillance under the guise of crime prevention, even though the surveillance network eventually exists to deter any resistance to the growing system of control.

Financial "Disincentives" as a Form of Behavior Control Insurance companies, incentivized by government policies, implement "dynamic" pricing models that penalize risky behavior. Drivers with even minor infractions, young drivers, or anyone with imperfect credit face skyrocketing insurance costs. While it’s presented as a means to reward safe drivers and reduce accidents, it’s ultimately a method of forcing people into line. Over time, these small financial penalties accumulate, and as people find themselves unable to afford the rising costs, they are pushed further into debt or forced to depend on the very government that created the conditions of their hardship.

The Department of Bureaucracy: A Growing Web of Useless Jobs New laws and regulations are introduced to solve every conceivable social issue, resulting in bloated departments filled with superfluous workers whose roles add no real value to society. The justification is often to create jobs and stimulate the economy, but these positions end up creating layers of bureaucracy that slow down meaningful progress. This web of inefficiency puts financial strain on both the government and the people, leading to higher taxes and fees. With each new law or regulation, the cost of compliance grows, straining both businesses and individuals who can't afford to play by an ever-increasing list of rules.

Rising Cost of Living as an Inevitable "Economic Shift" As government regulations add costs to every industry, prices naturally increase. This is explained away as the cost of progress or as an unfortunate byproduct of addressing critical social issues, like "ethical sourcing" or "green initiatives" that are actually revenue-boosters for corporations. As inflation rises and wages stagnate, the lower class is squeezed financially. Each attempt to improve their situation—whether by taking a second job or reducing expenses—is offset by further price increases or surprise taxes. This creates a cycle where economic mobility is nearly impossible, locking the lower class in place.

Debt as a Tool for Control As the cost of living rises, debt becomes unavoidable for many. Loans, credit cards, and financing options are promoted as solutions, pushing people into a system of lifelong debt repayment. With growing financial obligations and little hope of ever breaking free, individuals are forced to work harder, often taking on additional jobs, which leaves them with less time and energy to question or resist the system. Debt chains the population to the very system that oppresses them, creating a sense of dependency on government stability, even as that stability is the source of their financial despair.

The Final Stage: Disempowerment Disguised as "Efficiency"

As the population is weakened by financial strain, endless surveillance, and a tangled bureaucracy, the final stage involves introducing measures to "simplify" governance. This might mean fewer elected officials, streamlined decision-making processes, and the merging of regulatory bodies for "efficiency." In reality, this final stage centralizes power even further, leaving those at the top with almost unchecked authority, a situation that the people, too exhausted and indebted to resist, accept as necessary.

The Boring Dystopia Strategy works because it does not announce itself as an authoritarian takeover. Instead, it subtly shifts the balance of power by presenting every oppressive measure as a solution to a social ill. And because each step is introduced slowly, over decades, the population becomes accustomed to the new reality, accepting surveillance, debt, and regulation as the normal costs of a safe and responsible society. By the time people realize the extent of their powerlessness, the dystopian state is fully entrenched, with every escape route closed off.

[argyrocratie]

"When I first went to Jamaica in 2012 as a graduate student studying the environmental politics of the Maroons, an Afro-Indigenous community who freed themselves from enslavement in the 18th century and established an autonomous society in the mountainous interior of the island, Chinese overseas development policy seemed irrelevant to my work. Yet as my field research progressed over the following eight years, first as a doctoral student in African diaspora studies and then as a post-doctoral researcher, the impact of Chinese infrastructural development and extractive industry on the Jamaican people and environment became increasingly apparent.

The timing of my field work overlapped with an unprecedented surge in Chinese economic and diplomatic engagement with Jamaica and the Caribbean as a whole.

(...)

It is beyond the scope of this article to detail the political economic dynamics and immense social impact of debt in Jamaica over the last 40 years.4 Suffice it to say that the island became a byword for structural adjustment during this period, with every new loan from the World Bank, or default on payments thereof, coming with International Monetary Fund-mandated austerity.

Health and education were notable casualties of this socio-economic assault. By the start of my field research, Jamaican child mortality had almost doubled over the span of a single decade while completion of primary school dropped from 97% to 73% in the same period. This despite the fact that Jamaica had already repaid more money than it had been lent, with continuing debt servicing accounting for a 106% debt-to-GDP ratio according to the latest World Bank figures.

All this is only a small snapshot of the catastrophic outcomes of debt wielded as a tool of neocolonialism.

With the island’s status as one of the most indebted countries on the planet, Chinese infrastructural development was received with fanfare from Jamaican elites, a possible economic lifeline out of the debt trap.

(...)

Jamaican elites may appreciate that they can pay back debts with land, and that China does not directly require broad policy changes like the structural adjustment conditions of IMF and World Bank loans.

However, even with the above and the fact that the Jamaican debt to China is small compared to that claimed by Western IFIs and private firms, Jamaican politicians are growing increasingly wary of the costs of doing business with China. In November 2019, Prime Minister Andrew Holness announced that Jamaica would no longer borrow from China, a scant seven months after formally joining the BRI.

As usual, most Jamaicans are not privy to the inter-governmental discussions and deals driving these decisions, but their government’s newfound reticence in engaging with China reflects deeper concerns among BRI partners that the initiative is a debt trap.

(...)

Almost two decades of Chinese loans and infrastructure-led development have left Jamaican workers and farmers as precarious and dispossessed as ever. The hard-fought and generational struggle for Jamaican workers’ power (trade unions were instrumental to Jamaica’s independence struggle) has been curtailed and rolled back by China’s transposed sovereignty.

Furthermore, Chinese mining interests appear poised to pick up where their Western counterparts left off in terms of irreversible ecological destruction and threats to indigenous survival. Certainly, Jamaica cannot bear another 50 years of capitalist exploitation and extractive industry.

If there is any hope in turning this dire situation into revolutionary momentum, it will be in Jamaicans making common cause with the Chinese laborers imported to the country. According to China Labor Watch, Chinese workers on overseas BRI projects are often subject to “deceptive job ads, passport retention, wage withholding, physical violence and lack of contracts” to the extent of constituting forced labor and human trafficking.

In fact, at least one Chinese worker in Jamaica has already blown the whistle on such conditions. Unfortunately, as of the time of writing this article, there appears to be no organized effort to make solidaristic alliances among Jamaican workers, Chinese workers, and Maroons. The Maroons are organized as an indigenous community seeking land and sovereign rights, rather than workers seeking class emancipation, and remain locked in a fractious political battle with the Jamaican state toward those ends.

Furthermore, the cultural and language barriers between Jamaicans and imported Chinese workers are significant. Yet both countries have rich revolutionary traditions. If Jamaican labor militancy and Maroon struggle were able to reconcile and align their interests, while cultivating strategic allies among the heavily exploited Chinese workers, a powerful relationship of international solidarity from below could be forged."

...

[probablyasocialecologist]

“A move away from development focused on aggregate GDP growth (economic growth is conventionally measured as increasing gross domestic product, or GDP) to differentiate between sectors that can grow and need investment (the so-called critical public sectors, clean energy, education, health, and more) and sectors that must radically degrow due to their fundamental unsustainability or their role in driving continuous and excessive consumption (especially private sector oil, gas, mining, advertising, and so forth);”

“An economic framework focused on redistribution, which establishes a UBI rooted in a universal social policy system, a strong progressive taxation of income, profits, and wealth, reduced working hours and job sharing, which recognizes care work and essential public services such as health and education for their intrinsic value;”

“Agricultural transformation towards regenerative agriculture based on biodiversity conservation, sustainable and mostly local and vegetarian food production, as well as fair agricultural employment conditions and wages;”

“Reduction of consumption and travel, with a drastic shift from luxury and wasteful consumption and travel to basic, necessary, sustainable, and satisfying consumption and travel;”

“Debt cancellation, especially for workers and small business owners and for countries in the Global South (both from richer countries and international financial institutions).”

[dailyanarchistposts]

J.4.5 Why is this “economic structural crisis” important to social struggle?

The “economic structural crisis” we out-lined in the last section has certain implications for anarchists and social struggle. Essentially, as C. George Benello argued, ”[i]f economic conditions worsen … then we are likely to find an openness to alternatives which have not been thought of since the depression of the 1930s … It is important to plan for a possible economic crisis, since it is not only practical, but also can serve as a method of mobilising a community in creative ways.” [From the Ground Up, p. 149]

In the face of economic stagnation and depression, attempts to generate more profits (i.e., increase exploitation) by increasing the authority of the boss grow. In addition, more people find it harder to make ends meet, running up debts to survive, face homelessness if they are made unemployed, and so on. This makes exploitation ever more visible and tend to push oppressed strata together in movements that seek to mitigate, and even remove, their oppression. As the capitalist era has worn on, these strata have become increasingly able to rebel and gain substantial political and economic improvements, which have, in addition, lead to an increasing willingness to do so because of rising expectations (about what is possible) and frustration (about what actually is). It is true that libertarians, the left and labour have suffered setbacks since the 1970s, but with increasing misery of the working class due to neo-liberal policies (and the “economic structural crisis” they create), it is only a matter of time before there is a resurgence of radicalism.

Anarchists will be in the forefront of this resurgence. For, with the discrediting and eventual fall of authoritarian state capitalism (“Communism”) in Eastern Europe, the anti-authoritarian faction of the left will increasingly be seen as its only credible one. Thus the ongoing structural crisis of the global capitalist economy, combined with the other developments springing from what Takis Fotopoulos calls (in his book Towards an Inclusive Democracy) a “multidimensional crisis” (which includes economic, political, social, ecological and ideological aspects), could (potentially) lead to a new international anti-authoritarian alliance linking together the new (and not so new) social movements in the West (feminism, the Green movement, rank-and-file labour militancy, etc.) with non-authoritarian liberation movements in the Third World and new movements in formerly Stalinist countries. However, this is only likely to happen if anarchists take the lead in promoting alternatives and working with the mass of the population. Ways in which anarchist can do this are discussed in some detail in section J.5.

Thus the “economic structural crisis” can aid social struggle by placing the contrast of “what is” with what “could be” in a clear light. Any crisis brings forth the contradictions in capitalism, between the production of use values (things people need) and of exchange value (capitalist profits), between capitalism’s claims of being based on liberty and the authoritarianism associated with wage labour (“The general evidence of repression poses an ancient contradiction for capitalism: while it claims to promote human freedom, it profits concretely from the denial of freedom, most especially freedom for the workers employed by capitalist enterprise.” [William Greider, One World, Ready or Not, p. 388]) and so on. It shakes to the bone popular faith in capitalism’s ability to “deliver the goods” and gets more and more people thinking about alternatives to a system that places profit above and before people and planet. The crisis also, by its very nature, encourages workers and other oppressed sections of the population to resist and fight back, which in turn generates collective organisation (such as unions or workplace-based assemblies and councils), solidarity and direct action — in other words, collective self-help and the awareness that the problems of working class people can only be solved by ourselves, by our own actions and organisations. The 1930s in the USA is a classic example of this process, with very militant struggles taking place in very difficult situations (see Howard Zinn’s A People’s History of the United States or Jeremy Brecher’s Strike! for details).

In other words, the “economic structural crisis” gives radicals a lot potential to get their message across, even if the overall environment may make success seem difficult at times!

As well as encouraging workplace organisation due to the intensification of exploitation and authority provoked by the economic stagnant/depression, the “economic structural crisis” can encourage other forms of libertarian alternatives. For example, the “economic structural crisis” has resulted in the erosion of the welfare state (at least for the working class, for the elite state aid is never far away). This development has potential libertarian possibilities. “The decline of the state,” argues L. Gambone, “makes necessary a revitalisation of the notions of direct action and mutual aid. Without Mama State to do it for us, we must create our own social services through mutual aid societies.” [Syndicalism in Myth and Reality, p. 12] As we argue in more depth in section J.5.16, such a movement of mutual aid has a long history in the working class and, as it is under our control, it cannot be withdrawn from us to enrich and empower the ruling class as state run systems have been. Thus the decline of state run social services could, potentially, see the rise of a network of self-managed, working class alternatives (equally, of course, it could see the end of all services to the weakest sections of our society — which possibility comes about depends on what we do in the here and now. See section J.5.15 for an anarchist analysis of the welfare state).

Food Not Bombs! (FNB) is an excellent example of practical libertarian alternatives being generated by the economic crisis we are facing. FNB is a community-based group which helps the homeless through the direct action of its members. It also involves the homeless in helping themselves. It serves free food in public places to expose the plight of the homeless, the callousness of the system and our capacity to solve social problems through our own actions without government or capitalism. The constant harassment of FNB by the police, middle classes and the government illustrates their callousness to the plight of the poor and the failure of their institutions to build a society which cares for people more than money and property (and the police and prisons to protect them). The fact is that in the US many working and unemployed people have no feeling that they are entitled to basic human needs such as medicine, clothes, shelter, and food. FNB encourages poor people to make these demands, provides a space in which these demands can be voiced, and helps to breakdown the wall between hungry and not-hungry. The repression directed towards FNB by local police forces and governments also demonstrates the effectiveness of their activity and the possibility that it may radicalise those who get involved with the organisation. Charity is obviously one thing, mutual aid is something else. FNB is a politicised movement from below, based on solidarity, not charity as, in Kropotkin’s words, charity “bears a character of inspiration from above, and, accordingly, implies a certain superiority of the giver upon the receiver.” [Mutual Aid, p. 222]

The last example of how economic stagnation can generate libertarian tendencies can be seen from the fact that, ”[h]istorically, at times of severe inflation or capital shortages, communities have been forced to rely on their own resources. During the Great Depression, many cities printed their own currency; this works to the extent that a community is able to maintain a viable internal economy which provides the necessities of life, independent of transactions with the outside.” [Benello, Op. Cit., p. 150]

These local currencies could be the basis of a mutual bank (see section J.5.5), providing interest-free loans to workers to form co-operatives and so build libertarian alternatives to capitalist firms, so eliminating the profits of capitalists by allowing workers to exchange the product of their labour with other workers. Moreover, “local exchange systems strength local communities by increasing their self-reliance, empowering community members, and helping to protect them from the excesses of the global market.” [Frank Lindenfield, “Economics for Anarchists,” Social Anarchism, no. 23, p. 24] In this way self-managing communes could be created, communes that replace hierarchical, top-down, government with collective decision making of community affairs based on directly democratic community assemblies. These self-governing communities and economies could federate together to co-operate on a wider scale and so create a counter-power to that of state and capitalism.

This confederal system of self-managing communities could also protect jobs as the “globalisation of capital threatens local industries. A way has to be found to keep capital at home and so preserve the jobs and the communities that depend upon them. Protectionism is both undesirable and unworkable. But worker-ownership or workers’ co-operatives are alternatives.” [Gambone, Op. Cit., pp. 12–13] Local communities could provide the necessary support structures which could protect co-operatives from the corrupting effects of working in the capitalist market (see section J.5.11). They could also demand that rather than nationalise or bailout failing companies (or, for that matter, privatise state services or public works), they should be turned over (as Proudhon constantly argued) to workers co-operatives by aiding “the Labour Unions to enter into a temporary possession of the industrial concerns”, anarchists would provide “an effective means to check the State Nationalisation” in the period before a social revolution when “State phases which we are traversing now seems to be unavoidable.” [quoted by Ruth Kinna, “Fields of Vision: Kropotkin and Revolutionary Change”, pp. 67–86, SubStance, Vol. 36, No. 2, p. 77] In this way, economic liberty (self-management) could replace capitalism (wage slavery) and show that anarchism is a practical alternative to the chaos and authoritarianism of capitalism, even if these examples are initially fragmentally and limited in nature.

However, these developments should not be taken in isolation of collective struggle in the workplace or community. It is in the class struggle that the real potential for anarchy is created. The work of such organisations as Food Not Bombs! and the creation of local currencies and co-operatives are supplementary to the important task of creating workplace and community organisations that can create effective resistance to both state and capitalists, resistance that can overthrow both (see sections J.5.2 and J.5.1 respectively). “Volunteer and service credit systems and alternative currencies by themselves may not be enough to replace the corporate capitalist system. Nevertheless, they can help build the economic strength of local currencies, empower local residents, and mitigate some of the consequences of poverty and unemployment … By the time a majority [of a community are involved it] will be well on its way to becoming a living embodiment of many anarchist ideals.” [Lindenfield, Op. Cit., p. 28] And such a community would be a great aid in any strike or other social struggle which is going on!

The general economic crisis which we are facing has implications for social struggle and anarchist activism. It could be the basic of libertarian alternatives in our workplaces and communities, alternatives based on direct action, solidarity and self-management. These alternatives could include workplace and community unionism, co-operatives, mutual banks and other forms of anarchistic resistance to capitalism and the state.

Finally, we must stress that we are not arguing that working class people need an economic crisis to force them into struggle. Such “objectivism” (i.e. the placing of tendencies towards socialism in the development of capitalism, of objective factors, rather than in the class struggle, i.e. subjective factors) is best left to orthodox Marxists and Leninists as it has authoritarian implications. Rather we are aware that the class struggle, the subjective pressure on capitalism, is not independent of the conditions within which it takes place (and helps to create, we must add). Subjective revolt is always present under capitalism and, in the case of the 1970s, played a role in creating crisis. Faced with an economic crisis we are indicating what we can do in response to it and how it could, potentially, generate libertarian tendencies within society. Economic crisis could, in other words, provoke social struggle, collective action and generate anarchic tendencies in society. Equally, it could cause apathy, rejection of collective struggle and, perhaps, the embracing of false “solutions” such as right-wing populism, Leninism, or Fascism. We cannot predict how the future will develop, but it is true that if we do nothing then, obviously, libertarian tendencies will not grow and develop.

[head-post]

HP Insight

Trump to pay off US national debt with bitcoins

During his election campaign, Donald Trump assured the entire planet that he would be able to repay the US national debt by paying it off with bitcoins. Most of the people took his words as a peace move or a joke. However, it was for nothing.

The Bitcoin quote depends solely on the balance of supply and demand, it is not regulated or constrained by anyone. At the same time, no one is obliged to accept bitcoins, i.e. there is no mechanism to get anything for them if for some reason they refuse to buy or accept them as payment.

Its price will rise due to increased demand and limited supply, which creates tremendous value, unlike conventional money, which can be printed as much as you want, and the more it is printed, the more it depreciates. Experienced stock speculators know very well how to create (or simulate) increased demand. Here we can recall how George Soros, using insider information about the artificial collapse of the pound sterling rate, earned his first billion dollars, and he did it in just one day.

Pragmatic financiers always dream of making money quickly, easily and a lot. Financial pyramids are built on the exploitation of this desire, which are created from nothing, promise a lot and obey the only law: the organisers and those who enter the pyramid among the first can grab their piece of the pie.

Bitcoin is also a phenomenon from this sphere. Its difference is that pyramid builders, as a rule, announce what fixed increase of the capital invested today will be tomorrow and the day after tomorrow (for example, any financial pyramid). No one announces in advance the quotation of bitcoin, the named unit of the cryptocurrency system. It is only known that its growth or fall depends on the ratio of supply and demand of this crypto.

Initially (in 2008, which coincidentally coincided with the global economic crisis), the author of this system, hiding behind the pseudonym Satoshi Nakamoto, announced its creation and “participants of the exciting game for money” rushed to mine bitcoins. How did it happen and is it happening now?

Specialists explain that “miners computers solve a complex cryptographic problem, which consists in selecting (actually – guessing by brute force) a combination of numbers and letters that will enter a new block of the blockchain. Without mining, no new transactions would be added to the network that are written to the same blocks, and so the whole mechanism would cease to work. The computer that finds the right solution first receives a bonus of a certain amount of crypto coins.” The participants of the system will be able to mine 21 million bitcoins by joint efforts. The founder has decided that the issue will not expand.

At the start of the mining process, these 21 million bitcoins were worth exactly $0 and 0 cents. As bitcoin miners produced more and more bitcoins, new participants were drawn into the game, a cryptocurrency exchange appeared, and rates began to fluctuate. Surely there were people who noticed that the coin invented by Sakamoto is not backed by anything. But does that surprise anyone? Dollar since the middle of the 70s of the last century, after its unbinding from gold, also exists, although it is not secured by anything, except the obligation to pay for transactions in this currency. And there are no problems – it is quoted on exchanges.

As conditional units were mined and interest in the system grew, money flowed into it, and cryptocurrency began to be quoted on exchanges. The cryptocurrency went from a value of zero per unit of nothing to $1 in almost three years, reaching that level in March 2011. Today, the “unit of nothing” rate fluctuates up and down around $100,000. Is this the limit? No, of course not.

Bitcoin price

It is impossible to give an exact answer to the question ‘how many times the price of bitcoin can still grow. But if the count goes into the hundreds of thousands – it is unlikely to surprise. In 2010, American Laszlo Hanyecz bought two pizzas for 10 thousand BTC (the value of 1 BTC at that time was $0.0025). If Hanyecz had simply saved this electronic money for 10 years, his bitcoin account would be worth up to $450 million in 2021.

What influences the price of bitcoin? – Supply and demand on cryptocurrency exchanges, – Regulatory decisions by governments of different countries, – Technological updates and network security, – Statements by well-known investors and public personalities, – Activity of large holders (whales of the market), – General state of the world economy, – Introduction of cryptocurrencies into traditional businesses.

One can still list a number of factors and see that none of them can be categorised as “events that exist independently of the individual.” Including even such phenomena as economic crises, which their organisers carefully try to disguise as “processes that arose spontaneously as a result of lack of control over certain areas of the economy, overproduction of goods and services,” etc.

It is sometimes suggested online that it is impossible to accumulate a large number of bitcoins in one hand. This is not the case. Firstly, such a ban would violate the freedom of trade. And secondly, it was impossible to accumulate in one hand when bitcoins were only being mined and there was no other way to get virtual currency. After it started to be listed on exchanges, buying and selling started and it became possible to accumulate a large amount in one hand.

Besides, “in the same hands” does not mean under one name. There can be many formal owners, but all of them, in fact, can work for one pocket.

That is, the phenomenon that really influences the cryptocurrency exchange rate is the notorious “human factor.” And since this is the case, there is no problem to catch up the value of bitcoin to the level needed by the US to pay off its astronomical national debt. At today’s rate of $100,000 per bitcoin, Trump needs 350 million units of the cryptocurrency to do this. Among experts today there is speculation that the US now has about 200 thousand BTC at its disposal. In the total issue, which is, let me remind you, 21 million, America’s need does not fit yet. But it will not pay off its debts tomorrow.

By the right moment, there is no doubt that the exchange rate, using the points mentioned above, will be driven to the required height. And the states will not even have to have on their balance sheet the entire volume of existing bitcoins.

One fine day for the US, it will transfer its crypto-money to all the treasure holders, which, few doubt, it bought at the dawn of the system for mere pennies. Or (more likely) during Trump’s first administration, when at the end of 2018 the value of bitcoin fell by 80% compared to 2017 and miners sold their businesses en masse due to their inability to recoup their losses.

Consequences of paying off US government debt with cryptocurrency

Some time after the debt is zeroed out, it will not be difficult for the world hegemon to close the channels to the recipients of the payment. That is, an unknown (or known) hacker group will once again hack the crypto exchange. What will happen next can be understood on the example of the Mt. Gox platform, where bitcoins were traded. In February 2014, it was hacked not for the first, but now for the last time. Hackers stole 744,408 units of cryptocurrency. The exchange went bankrupt, the bitcoin price collapsed by 36%, and the stolen virtual money was not returned to the owners.

Of course, there will be many who want to say that all this is a conspiracy theory and conspiracy theories. But COVID-19 in 2019 was also called a natural phenomenon, and the other day almost the entire world press agreed that the origin of the virus-carrier of the disease is the fruit of laboratory efforts of scientists.

Trump’s warning has been sounded. But bitcoin holders will cling to it to the end – it fluctuates up and down, and every time it goes down, the owners of this cryptocurrency have greed over fear – you just have to wait for a good deal and the lost will come back. To then fall again. Already irrevocably.

THE ARTICLE IS THE AUTHOR’S SPECULATION AND DOES NOT CLAIM TO BE TRUE. ALL INFORMATION IS TAKEN FROM OPEN SOURCES. THE AUTHOR DOES NOT IMPOSE ANY SUBJECTIVE CONCLUSIONS.

Erik Kelly for Head-Post.com

Send your author content for publication in the INSIGHT section to headpost.social@gmail.com

[michellestanley]

How to Get Unsecured Business Loans with No Collateral: A Guide for Small and Medium Business Owners in Australia

Running a small or medium-sized business in Australia presents many exciting opportunities, but it also comes with challenges. One of the biggest hurdles many business owners face is securing the necessary funds to sustain and grow their operations. Whether you’re looking to expand your business, purchase new equipment, or simply manage cash flow, access to financing is critical.

In Australia, securing a business loan can be difficult, particularly if you don’t have substantial assets to offer as collateral. This is where unsecured business loans can play a crucial role. In this guide, we’ll explore how you can obtain an unsecured business loan without collateral, the advantages and risks involved, and how to navigate the application process.

The Current Economic Landscape in Australia

Before diving into the specifics of unsecured business loans, it’s important to understand the broader economic context in Australia. Small and medium enterprises (SMEs) are vital to the country’s economy, contributing significantly to employment and GDP. However, economic conditions can fluctuate, and businesses often need to adapt to changes such as shifts in consumer demand, inflation, and regulatory changes.

Impact of Economic Changes on SMEs

Recent economic factors, such as global supply chain disruptions, rising inflation, and interest rate adjustments by the Reserve Bank of Australia (RBA), have put pressure on many SMEs. Access to funding has become more crucial than ever for businesses needing financial support to weather economic uncertainties or seize new opportunities.

Unsecured business loans have emerged as a popular financing option for SMEs that either lack the assets to provide as collateral or prefer to avoid tying their property or equipment to their business loan.

Read About - Quick Business Loans

What Are Unsecured Business Loans?

An unsecured business loan is a type of loan that does not require any collateral to back the loan. Unlike secured loans, where borrowers pledge assets such as property, inventory, or equipment, unsecured loans are based primarily on the borrower’s creditworthiness and the strength of the business.

Key Characteristics of Unsecured Business Loans:

No Collateral Required: The most significant feature of an unsecured loan is that you don’t need to offer your assets as security.

Higher Interest Rates: Since lenders take on more risk without collateral, unsecured loans often come with higher interest rates than secured loans.

Shorter Loan Terms: Lenders typically offer shorter repayment terms to minimize their risk exposure.

Creditworthiness is Key: Lenders will focus on your business's financial health, revenue, and credit score when evaluating your loan application.

How to Qualify for an Unsecured Business Loan with No Collateral

Securing an unsecured loan without collateral may seem challenging, but many businesses in Australia successfully obtain this type of financing. Here’s a step-by-step guide to increase your chances of approval:

1. Understand Your Business Financials

Before applying for any loan, it’s essential to have a clear understanding of your business’s financial health. Lenders will examine your financial records closely to assess your ability to repay the loan.

Review Financial Statements: Ensure that your profit and loss statements, balance sheets, and cash flow statements are up to date and accurate.

Calculate Debt-to-Income Ratio: This ratio compares your total business debts to your revenue. A lower ratio indicates better financial stability and can improve your chances of approval.

Prepare Tax Returns: Lenders often request several years of tax returns to verify your income and profitability.

2. Build and Maintain a Good Credit Score

Your credit score is one of the most important factors that lenders consider when reviewing your application. It reflects your ability to manage debt responsibly. Both your personal and business credit scores may be evaluated.

Pay Bills on Time: Ensure that you make all business payments, including suppliers and utilities, on time to avoid negative marks on your credit report.

Reduce Outstanding Debts: The lower your outstanding debts, the better your credit score will be.

Monitor Your Credit: Regularly check your business credit report to ensure there are no errors or discrepancies that could harm your score.

3. Demonstrate Steady Cash Flow

Lenders are more likely to approve loans for businesses with a consistent and reliable cash flow. A steady stream of income demonstrates that your business has the ability to repay the loan over time.

Track Sales and Revenue: Use accounting software to maintain accurate and detailed records of your business’s sales and revenue patterns.

Seasonal Adjustments: If your business experiences seasonal fluctuations in income, provide explanations and evidence of how you manage these periods to maintain financial stability.

4. Prepare a Strong Business Plan

A well-structured business plan can help convince lenders that you’re a low-risk borrower. Your plan should outline your business goals, market strategies, and how you intend to use the loan to achieve growth or stability.

Include Revenue Projections: Show lenders how you plan to generate revenue and ensure the loan will be repaid.

Detail Your Loan Purpose: Clearly explain why you need the loan and how it will benefit your business (e.g., purchasing inventory, hiring staff, or expanding operations).

5. Explore Lenders Specializing in Unsecured Loans

Not all lenders offer unsecured loans, so it’s essential to identify financial institutions that provide this type of financing. Alternate business lenders are often more flexible than traditional banks and may be willing to lend to businesses without collateral.

Online Lenders: Many online lenders cater to small and medium businesses, offering quick approval processes and competitive terms for unsecured loans.

Peer-to-Peer Lending Platforms: These platforms connect businesses directly with investors, allowing for more flexibility in terms and conditions.

Specialized SME Lenders: Some lenders focus specifically on providing loans to SMEs, and they may offer tailored solutions for businesses without collateral.

The Application Process for Unsecured Business Loans

1. Gather Necessary Documentation

Lenders will require a variety of documents to assess your loan application. Be prepared to provide:

Financial Statements: Profit and loss, balance sheets, and cash flow statements for the past 1-2 years.

Tax Returns: Personal and business tax returns from the last few years.

Bank Statements: Business bank statements for the past 6-12 months.

Business Plan: An overview of your business, market strategies, and financial projections.

2. Complete the Loan Application

Once you’ve gathered the necessary documents, fill out the lender’s loan application. Be sure to:

Provide Accurate Information: Double-check that all details are correct, as any errors or inconsistencies could delay the approval process.

Be Honest: Be transparent about your financial situation and the purpose of the loan.

3. Wait for Approval and Review Terms

After submitting your application, the lender will review your financial information and credit history. If approved, carefully review the loan terms, including:

Interest Rate: Compare the rate offered to other lenders to ensure it’s competitive.

Repayment Schedule: Understand the repayment terms and make sure they’re manageable for your business.

Fees and Charges: Be aware of any hidden fees, such as early repayment penalties or administrative charges.

Advantages and Disadvantages of Unsecured Business Loans

Advantages:

No Collateral Required: You can obtain financing without putting your personal or business assets at risk.

Faster Approval: Since unsecured loans don’t require collateral evaluation, they often have quicker approval processes.

Flexibility: Many unsecured loans offer flexible terms that can be tailored to your business’s unique needs.

Disadvantages:

Higher Interest Rates: Lenders compensate for the increased risk by charging higher interest rates compared to secured loans.

Lower Loan Amounts: Since unsecured loans don’t involve collateral, lenders may limit the amount you can borrow.

Shorter Repayment Terms: To reduce risk, lenders may offer shorter repayment periods, leading to higher monthly payments.

Best Practices for Managing Unsecured Loans

1. Create a Repayment Plan

Once you’ve secured the loan, it’s crucial to establish a clear repayment strategy. This will help you stay on top of your loan payments and avoid financial difficulties.

Budget for Loan Payments: Include your loan payments in your monthly budget and ensure that you have enough cash flow to cover them.

Set Up Automatic Payments: Automate your loan payments to avoid missed deadlines and penalties.

2. Monitor Loan Impact on Cash Flow

Track how the loan affects your business’s cash flow. Ensure that the loan is being used efficiently and generating a return on investment.

Track Spending: Monitor where the loan funds are allocated to ensure they’re contributing to business growth.

Adjust Budgets if Necessary: If the loan payments are straining your cash flow, adjust other areas of your budget to stay financially healthy.

Conclusion

Obtaining an unsecured business loan with no collateral can be a game-changer for small and medium businesses in Australia. Whether you’re looking to expand operations, manage cash flow, or cover unexpected expenses, unsecured loans provide a flexible and accessible option for financing.

In Australia’s evolving economic landscape, understanding your business’s financial health, maintaining a strong credit score, and preparing a solid business plan are key to securing financing. With various lenders, including alternate business lenders, providing unsecured loan options, you can find the right solution for your business needs.

If your business faces a sudden financial crisis, options like same day business loans or emergency business loans can provide quick access to the capital you need. By planning carefully and understanding the terms of your loan, you can leverage unsecured business loans to help your business thrive without putting your assets at risk.

[pilawturkey]

Turkish Real Estate Law

Navigating the complex world of real estate in Turkey can be challenging, especially for foreign investors unfamiliar with the local legal landscape. Hiring a seasoned Turkey real estate lawyer is crucial to ensuring your property transactions are secure and compliant with Turkish laws. At our law firm, we specialize in providing expert legal advice and services to both local and international clients seeking to invest in Turkish real estate. From the bustling streets of Istanbul to the tranquil beaches of Antalya, our Turkey real estate attorneys are well-versed in handling all aspects of property law, making the process of buying, selling, or managing property seamless and efficient.

Why Choose a Turkey Real Estate Lawyer?

Turkey has emerged as a prime destination for real estate investment due to its strategic location, economic growth, and favorable investment climate. However, the legal framework governing real estate in Turkey is complex, involving numerous regulations and procedures. A qualified Turkish real estate lawyer can provide invaluable assistance in navigating these complexities. Our legal team is adept at managing various aspects of real estate transactions, including property sales and purchases, title deed transfers, and contract preparations. We also handle disputes and litigation between parties, ensuring your rights are protected throughout the process.

What Services Do Turkey Real Estate Attorneys Offer?

Due Diligence and Title Deed Transfers: One of the essential roles of a Turkey real estate lawyer is conducting thorough due diligence on the property. This includes verifying the title deed’s authenticity, ensuring there are no encumbrances or legal disputes associated with the property, and checking for any unpaid taxes or debts. Proper due diligence is crucial in avoiding future legal issues. Our Turkey real estate law firm takes a proactive approach to protect your investment.

Contract Drafting and Review: Real estate transactions involve complex contracts that need to be carefully drafted and reviewed to safeguard the interests of both parties. Our Turkish real estate attorneys specialize in preparing clear, legally sound contracts that outline all terms and conditions of the sale, minimizing the risk of disputes. We also review existing contracts to ensure compliance with Turkish real estate laws.

Legal Representation in Disputes: In the event of disputes over property ownership, rental agreements, or other real estate-related issues, having a skilled Turkey real estate attorney is invaluable. Our law firm provides robust legal representation, seeking amicable settlements or pursuing litigation to protect our clients' rights and interests.

Guidance on Turkish Citizenship and Residency through Property Investment: Turkey offers the possibility of obtaining citizenship or residency through real estate investment. Our Turkish real estate lawyers provide comprehensive guidance on the requirements and procedures for acquiring Turkish citizenship by property purchase. This process involves meeting certain investment thresholds and legal criteria, which we navigate on your behalf to streamline the application process.

Why Turkey is a Hotspot for Real Estate Investment

Turkey’s real estate market is attractive to investors due to its dynamic economy, growing urbanization, and strategic geographical position, bridging Europe and Asia. Cities like Istanbul, Antalya, and Izmir offer excellent opportunities for investment, whether for residential, commercial, or vacation purposes. Additionally, the low cost of living, combined with high-quality healthcare and education systems, makes Turkey a desirable destination for expats and retirees. Our Turkey real estate law firm is committed to helping clients capitalize on these opportunities while ensuring all legal aspects are handled professionally.

Common Questions about Real Estate Investment in Turkey

Can you sue doctors in Turkey for malpractice? While this question is not directly related to real estate, it illustrates the broader legal concerns that foreign investors might have. Turkey has a robust legal framework to address various legal disputes, including medical malpractice. Similarly, the country's property laws are well-regulated to protect investor interests.

Is it safe to invest in Turkish real estate? Yes, with the right legal guidance, investing in Turkish real estate is safe. Our Turkish real estate lawyers conduct thorough due diligence and handle all necessary legal processes to ensure a secure investment.

What role does a Turkey real estate lawyer play in property purchase? A Turkey real estate lawyer plays a critical role in managing the entire property purchase process, from due diligence and contract drafting to title deed transfer and dispute resolution. Engaging a lawyer ensures that all legal procedures are followed, reducing the risk of future complications.

How do I get Turkish citizenship through real estate investment? Foreign investors can obtain Turkish citizenship by purchasing property worth a minimum of $400,000. Our Turkish real estate attorneys guide you through the application process, ensuring compliance with all legal requirements and facilitating a smooth path to citizenship.

Conclusion

Engaging a knowledgeable Turkey real estate lawyer is essential for anyone considering real estate investment in Turkey. Whether you're purchasing a home for personal use, investing in commercial property, or seeking to obtain Turkish citizenship, our Turkey real estate law firm provides comprehensive legal services tailored to your needs. With our expertise, you can navigate the complexities of the Turkish real estate market confidently and securely. For more information or to schedule a consultation, please contact our office.

[ziad246]

Egypt Approves 50 Billion Pound Investment to Boost Tourism

Egypt has recently authorized a substantial financial package worth 50 billion Egyptian pounds to bolster its tourism sector by expanding hotel capacities. This strategic initiative is projected to create around 45,000 new job opportunities, directly and indirectly, thereby supporting the government's efforts to combat unemployment through increased private-sector investment.

The allocated funds are specifically intended to enhance Egypt's tourism infrastructure and are prohibited from being used to settle existing banking sector debts. This condition underscores the government's commitment to the growth and revitalization of Egypt's tourism industry.

Moreover, this initiative aims to foster the development of new tourism offerings that capitalize on Egypt's rich cultural heritage and historic sites. By leveraging these assets, Egypt seeks to attract more tourists and enhance visitor experiences, thereby solidifying its position as a premier global tourism destination.

In conclusion, Egypt's decision to invest 50 billion pounds into its tourism sector represents a crucial step towards economic revitalization, job creation, and enhancing Egypt's international appeal as a tourism hub through focused infrastructure improvements and innovative tourism initiatives.

Reservations for Egypt Easter tours following the holiday week further indicate the revival of activities in Siwa Oasis during this period. The recovery of Egypt classic tours can also be attributed to increased local tourism promotion for Siwa Oasis and growing awareness of its distinctive and unique tourism offerings. The oasis provides a wide range of accommodations to suit all economic groups, with reasonable subsistence costs and no cases of exploitation or price violations, thanks to the hospitable nature of the local people.

During the winter tourist season, Siwa Oasis has witnessed a surge in popularity, driven by the active promotion of Egypt day tours by domestic tourism companies. Domestic tourism has played a significant role in reviving the winter tourism movement over the past years, as more people discover the oasis's tourism, cultural, and environmental components, as well as its serene natural beauty. Siwa Oasis has become a sought-after destination for recreation and the enjoyment of tranquility during the winter season, while also gaining recognition as a medical tourism destination during the summer.

Siwa Oasis stands out as one of the most important parks in Egypt and internationally, boasting a continental climate, warm weather, and diverse destinations and activities. It offers adventure tourism, safari tours, camping experiences, unique cultural and natural attractions, and recreational activities. International tourism companies include Siwa Oasis on their list of recommendations for tourists, adventure enthusiasts, and those seeking comfort, tranquility, and a primitive way of life. Popular tour packages like the Siwa Oasis, Bahariya, and White Desert Tour Package and the unique Private Tour to Siwa Oasis allow visitors to explore the fascinating oasis and immerse themselves in its charming atmosphere, hot springs, and salt lakes. Siwa Oasis is also home to various Islamic, Roman, and Pharaonic monuments, such as the Temple of Revelation, the Tomb of Alexander the Great, the Mountain of the Dead, and the Temple of Amun and the Shali Castle.

Siwa Oasis is renowned for its medical tourism offerings during the summer months, attracting patients seeking treatments like hot sand baths for conditions such as rheumatoid arthritis and various skin diseases. Patients and visitors come from different regions of Egypt, as well as Arab and foreign countries, often combining their visits with other tourist destinations like Egypt and Jordan tours.

Siwa Oasis, being a natural reserve, takes pride in preserving its unique heritage architectural style, characterized by buildings of one or two floors. Hotels and tourist resorts adhere to the ancient Siwi architectural style, maintaining a unified appearance, colors, and facades. Accommodation prices cater to various budgets, ensuring a memorable and inclusive experience for all visitors.

When exploring Egypt, travelers can combine their adventures with visits to Siwa Oasis. From the bustling city of Cairo, visitors can embark on the Siwa Oasis Tour from Cairo, immersing themselves in the natural beauty and cultural heritage of the oasis. Alternatively, the 7-day tour to Cairo and Siwa Oasis provides a comprehensive experience that combines the highlights of Cairo with the serenity of Siwa Oasis. For a shorter excursion, the 3 Days 2 Nights Siwa Oasis Desert tours from Cairo offer a taste of the oasis's unique charm. Other popular options include Egypt Nile Cruise tours, which allow travelers to sail along the iconic Nile River, and Egypt shore excursions, which provide opportunities to explore the country's remarkable coastal destinations.

[newstfionline]

Monday, July 8, 2024

Political unrest worldwide is often fueled by high prices and huge debts (NYT) Like a globe-spanning tornado that touches down with little predictability, deep economic anxieties are leaving a trail of political turmoil and violence across poor and rich countries alike. In Kenya, a nation buckling under debt, protests over a proposed tax increase last week resulted in dozens of deaths, abductions of demonstrators and a partly scorched Parliament. At the same time in Bolivia, where residents have lined up for gas because of shortages, a military general led a failed coup attempt, saying the president, a former economist, must “stop impoverishing our country,” just before an armored truck rammed into the presidential palace. And in France, after months of road blockades by farmers angry over low wages and rising costs, the far-right party surged in support in the first round of snap parliamentary elections on Sunday, bringing its long-taboo brand of nationalist and anti-immigrant politics to the threshold of power. The causes, context and conditions underlying these disruptions vary widely from country to country. But a common thread is clear: rising inequality, diminished purchasing power and growing anxiety that the next generation will be worse off than this one.

Texas coastal residents told to expect power outages, flooding as Beryl moves closer to landfall (AP) Beryl began lashing Texas with rain and intensifying winds Sunday as coastal residents boarded up windows, left beach towns under evacuation orders and prepared for the powerful storm that has already cut a deadly path through parts of Mexico and the Caribbean. Although Beryl remained a tropical storm Sunday as it churned toward Texas, forecasters expected it to regain hurricane strength in the warm waters of the Gulf of Mexico before making landfall early Monday. The storm was projected to come ashore near the small coastal town of Matagorda, about 100 miles (161 kilometers) south of Houston, but officials cautioned the path could still change. Texas officials warned the storm would cause power outages and flooding.

Argentine President Milei heads to CPAC in Brazil, snubbing Lula and escalating a political feud (AP) Given the choice between a far-right convention to bash his enemies and a presidential summit to discuss regional trade policy, Argentine President Javier Milei preferred the stadium packed with cheering fans. The libertarian leader was in Brazil on Sunday, preparing to headline the country’s version of CPAC, the conservative political action conference, alongside former President Javier Bolsonaro in Brazil’s southern city of Balneario Camboriu. In skipping the Mercosur trade bloc summit in Paraguay and sidling up to Bolsonaro just days after federal police indicted the right-wing populist in a scheme to embezzle Saudi diamonds, Milei delivered another harsh rebuke to Brazil’s left-wing President Luiz Inacio Lula da Silva, escalating a risky feud with his country’s biggest trading partner.

French leftists win most seats in legislative elections, beating back far-right surge, pollsters say (AP) A coalition of the French left that quickly banded together to beat a surging far right in legislative elections won the most seats in parliament but not a majority, according to polling projections Sunday, a stunning outcome that threatens to plunge the country into political and economic turmoil. The projections put President Emmanuel Macron’s centrist alliance in second, no longer in control of parliament, and the bruised far right in third. With no bloc securing a clear majority, France faces uncertainty that could rattle markets and its economy, the European Union’s second-largest, and cast a shadow of political instability over the Paris Olympics opening in less than three weeks. Final results are not expected until late Sunday or early Monday in the highly volatile snap election that redrew the political map of France even before votes were cast.

In Ukraine, Killings of Surrendering Russians Divide an American-Led Unit (NYT) Hours after a battle in eastern Ukraine in August, a wounded and unarmed Russian soldier crawled through a nearly destroyed trench, seeking help from his captors, a unit of international volunteers led by an American. Caspar Grosse, a German medic in that unit, said he saw the soldier plead for medical attention in a mix of broken English and Russian. It was dusk. A team member looked for bandages. That is when, Mr. Grosse said, a fellow soldier hobbled over and fired his weapon into the Russian soldier’s torso. He slumped, still breathing. Another soldier fired — “just shot him in the head,” Mr. Grosse recalled in an interview. Mr. Grosse said he was so upset by the episode that he confronted his commander. He said he spoke to The New York Times after what he regarded as unwarranted killings continued. It is highly unusual for a soldier to speak publicly about battlefield conduct, particularly involving men whom he still considers friends. But he said he was too troubled to keep silent. The shooting of the unarmed, wounded Russian soldier is one of several killings that have unsettled the Chosen Company, one of the best-known units of international troops fighting on behalf of Ukraine.

Heavy rains trigger landslides in Nepal, 11 killed, 8 missing (Reuters) Heavy rains triggered landslides and flash floods killing at least 11 people in the last 36 hours in Nepal and blocking key highways and roads, officials said on Sunday. Eight people were missing, either washed away by floods or buried in landslides, while 12 others were injured and being treated in hospitals, police spokesperson Dan Bahadur Karki said. At least 50 people across Nepal have died in landslides, floods and lightning strikes since mid-June when annual monsoon rains started. Hundreds of people die every year in landslides and flash floods that are common in mostly mountainous Nepal during the monsoon season which normally starts in mid-June and continues through mid-September.

In Rafah, We Saw Destruction and the Limits of Israel’s Gaza Strategy (NYT) The armed convoy of jeeps filled with reporters rumbled into a dusty Rafah, passing flattened houses and battered apartment buildings. As we dismounted our Humvees, a stillness gripped this swath of southern Gaza, near the border with Egypt. Slabs of concrete and twisted rebar dotted the scarred landscape. Kittens darted through the wreckage. Streets once bustling with life were now a maze of rubble. Everyone was gone. More than a million people have fled to avoid an Israeli onslaught that began two months ago. Many have been displaced repeatedly and now live in tent cities that stretch for miles, where they face an uncertain future as they mourn the loss of loved ones. As Israel says it is winding down its operation against Hamas in Rafah, the Israeli military invited foreign journalists into the city on a supervised visit. The military says that it has fought with precision and restraint against Hamas fighters embedded in civilian areas. But the death, destruction and mass displacement of civilians have left Israel increasingly isolated diplomatically.

An overview of Israel’s widening conflict (Bloomberg) Israel and Hezbollah, the powerful militant group in Lebanon, are lurching closer to all-out war even as Israel dispatches its intelligence chief to Qatar for talks after Hamas signaled broad agreement with a US plan for a cease-fire in Gaza. To the north, US Secretary of State Antony Blinken warned that the US sees a grim “momentum” toward a wider war. Tensions rose as Israel killed a senior Hezbollah in an airstrike in southern Lebanon, and Hezbollah responded by launching more than 200 missiles and a swarm of drones at Israel. In Gaza, even amid the possible progress on a cease-fire, Israel ordered Palestinians to evacuate parts of Khan Younis, underscoring its struggle to stop Hamas from regrouping in areas that it previously attacked. And the Hamas-run health ministry in Gaza said that more than 38,000 Palestinians have been killed there since the war began.

Sahel States Form New Alliance, Break from ECOWAS, Align with Russia in Major Regional Shift (Daily Briefs) Military juntas from Mali, Burkina Faso, and Niger have formed the Alliance of Sahel States (AES), distancing themselves from ECOWAS and aligning with Russia. The new alliance aims to bolster regional cooperation and establish a joint investment bank, amid postponed elections and ongoing terrorist threats. The alliance, led by coup-installed leaders, accused ECOWAS of being influenced by France and postponed elections.

Kenya’s dramatic flooding sweeps away a central part of the economy: Its farms (AP) With dismay, Martha Waema and her husband surveyed their farm that was submerged by weeks of relentless rainfall across Kenya. Water levels would rise to shoulder height after only a night of heavy downpour. The couple had expected a return of 200,000 shillings ($1,500) from their three acres after investing 80,000 shillings ($613) in maize, peas, cabbages, tomatoes and kale. But their hopes have been uprooted and destroyed. “I have been farming for 38 years, but I have never encountered losses of this magnitude,” said the 62-year-old mother of 10. The rains that started in mid-March have posed immediate dangers and left others to come. They have killed nearly 300 people, left dams at historically high levels and led the government to order residents to evacuate flood-prone areas—and bulldoze the homes of those who don’t. Now a food security crisis lies ahead, along with even higher prices in a country whose president had sought to make agriculture an even greater engine of the economy.

Students Target Teachers in Group TikTok Attack, Shaking Their School (NYT) In February, Patrice Motz, a veteran Spanish teacher at Great Valley Middle School in Malvern, Pa., was warned by another teacher that trouble was brewing. Some eighth graders at her public school had set up fake TikTok accounts impersonating teachers. Ms. Motz, who had never used TikTok, created an account. She found a fake profile for @patrice.motz, which had posted a real photo of her at the beach with her husband and their young children. “Do you like to touch kids?” a text in Spanish over the family vacation photo asked. “Answer: Sí.” In the days that followed, some 20 educators—about one quarter of the school’s faculty—discovered they were victims of fake teacher accounts rife with pedophilia innuendo, racist memes, homophobia and made-up sexual hookups among teachers. Hundreds of students soon viewed, followed or commented on the fraudulent accounts. In the aftermath, the school district briefly suspended several students, teachers said. The principal during one lunch period chastised the eighth-grade class for its behavior. The biggest fallout has been for teachers like Ms. Motz, who said she felt “kicked in the stomach” that students would so casually savage teachers’ families. The online harassment has left some teachers worried that social media platforms are helping to stunt the growth of empathy in students. Some teachers are now hesitant to call out pupils who act up in class. Others said it had been challenging to keep teaching.

[s20marketing]

Cash Flow Analysis – Basics, Benefits And How To Do It

The most important part of financial management is cash flow analysis. It is what guides the people amid the storm of fluctuating economies and unpredictable markets. Every entity intending to achieve economic and growth stability needs to understand cash flow comprehensively and what it includes.

For those who wish to enhance their comprehension, taking online accounting training courses can offer priceless insights into becoming an expert in this vital area of financial administration. Let’s get down to business now, starting with the essentials of cash flow analysis, discussing its many advantages, and then explaining how to do it properly.

What is exactly cash flow analysis?

In cash flow analysis, the concentration is on the amount of cash that enters and leaves the organization in a specific period. It serves financial managers to make inquiries into an organization’s liquidity, solvency and general financial health. This process helps them determine whether they can repay their debts on time, run their operations with cash, and look for ways to grow by seeing how money passes through their hands.

Components of cash flow analysis

There are three main parts to a cash flow analysis:

1. Operating Cash Flow (OCF): This is the amount of the money which a business earns or spends on its day-day activities. It is made up of proceeds accruing from sales, as well as payments to the wholesalers, salaries, and other expenses of running the business.

2. Investing Cash Flow (ICF): ICF tallies the type of cash flow that you make when you buy or sell assets, invest in stocks, or buy other businesses.

3. Financing Cash Flow (FCF): This sort of cash flow indicates sources of cash entering into the business through financial activities such as new money, dividends, buying or selling shares, and debt repayments.

Importance of cash flow analysis

Liquidity management: Short-term cash flow analysis allows companies to be solvent and have enough liquid funds to cover required short-term debts and unexpected expenses.

Solvency assessment: It gives you an insight into how well a company would deal with long term financial obligations such as servicing the debts and making capital purchases.

Decision making: Through a strong-cash-flow-analysis you will be able to make business strategies that show trends, cash gaps, and investment opportunities that probably will work.

Advantages of cash flow analysis

1. Enhanced financial planning

A strong financial scheme is all about proper cash flow analysis. Businesses could arrange their financing needs, manage their assets well, and not experience any cash gap or excesses by forecasting their cash flows. Professionals who take online accounting training courses can start planning their finances better once they know what they’re doing.

2. Better management of working capital

Learning how inflows and outflows of cash affect working capital is crucial for effectively managing them. Organizations can stick to their financing costs, and improve their working capital’s turnover by adjusting their receivables, payables, and inventory amounts according to their cash flow projection.

3. Better risk management

A cash flow analysis anticipates problems and allows companies to take preventative measures. Businesses can work in advance preparing what to take if something’s gone wrong, looking at how volatile is their source of income or how sensitive they are to changes in the market and finally how much cash they might have at hand.

4. Investor confidence

Both investors and lenders rely on the cash flow analysis that properly outline. Through demonstrating that they are great at managing their funds as well as getting the right flows and they trust the investors, businesses can obtain money on good conditions and get their trust.

How to conduct cash flow analysis?

Step 1: Get financial data

Organize your paperwork, income statements, balance sheet, and cash flow for the period you want to cover. Be sure that the details are accurate, complete and in their latest versions.

Step 2: Get operating cash flow

Start with net income and then subtract non-cash expenses, depreciation and changes in working capital like accounts due and receivable etc., the other non-operating items.

Step 3: Assess investing and financing factors

Having the cash flows from investing and financing analyzed, one can notice their effect on the total cash flow. Think of key events, like acquiring assets, settling loans, or giving out dividends, and work out what they mean to the company’s liquidity and capital structure. By accessing online accounting training courses one can gain insights into their impact on overall cash flow dynamics.

Step 4: Analyze the results and get conclusions

See in the cash flow statement for trends, awkwardness and red flags. If you want to generate a profitable cash flow, compare your current cash flow performance with industrial benchmarks and your own past data. Analyze the findings, and find ways to make your cash flow healthier.

Step 5: Implement strategies for improvement

Various strategies should be followed to enhance the cash flow management based on the cash flow analysis results. It could encompass increasing operating capital, re-negotiating payment conditions, deriving new income sources, or refinancing debt, among other ways.

In conclusion

Cash flow analysis is an essential part of financial management as it gives a lot of information about the company’s finances, how well it nurtures finances and what are its short-term and long-term objectives. Companies can really benefit from how they take the chance to learn the basics of cash flow analysis.

A business can competently and effectively venture into the complex business world of today with a proper cash flow analysis and the right tools to do it. Online accounting training courses help people learn how to do cash flow analysis, which gives professionals and people who want to start their own businesses the power to use it to its fullest.

[carolinemillerbooks]

New Post has been published on Books by Caroline Miller

New Post has been published on https://www.booksbycarolinemiller.com/musings/thoughts-on-altered-states/

Thoughts On Altered States

Sitting down to lunch with my broker, his conversation turned to an old worry. “The national debt keeps growing.  Congress has to reign it in.” “What’s your solution?” I asked before taking a sip of coffee. “Should children of low-income families go without lunch?  Should we put an end to healthcare for the indigent?” My companion’s cheeks grew red.  “I’m not proposing that.  But if we don’t cut costs somewhere, we’ll all go down. Raising taxes harms the economy.” “Let’s close tax loopholes, instead,” I replied.  “Corporations and the superrich should pay their fair share.” The man opposite me dropped his gaze to the menu as he uttered a sigh. “I think we should order.” By now, our skirmishes over the economy had become a ritual, like an old Kabuki dance. Neither of us expected to convince the other. Still, over time, an idea formed in my head. I saw that neither of us had grappled with the essence of the problem: the way money flows in our society. Sorting ourselves into camps of right or left persuasion was pointless. The mess society finds itself in is the result of human enterprise. Scientific or technological achievements both benefit and imperil us, whether they lie in harnessing atomic energy, extending human life, or advancing knowledge through artificial intelligence (AI). Yet each time we reach a crossroads for change, entrepreneurs gallop ahead, though they are no more far-sighted about the outcome than the average citizen. Even so, those of us who remain silent are responsible for the consequences. By enjoying the fruits of relentless industrialization, we have made climate change possible.     We have granted entrepreneurs another indulgence, one also detrimental to society: the right to accumulate vast sums of money. The result is economic inequality that endows the few with power over the many.  Elan Musk, for example, imagines his entrepreneurship gives him the right to decide the outcome of warring armies.  Hail Caesar! Do these oligarchs of innovation set out to degrade our democracy? I doubt it.  Generally, they are inspired by an idea they believe will benefit the public and themselves. If they are successful, money and influence follow.  Call it the unwritten law of greed, but the more they gain, the more reluctant they are to share.   They cannot help themselves.  A plethora of studies show that unlimited access to money and power physically alters the brain and changes its thought processes.  One historian likens the aberration to a tumor that destroys human sympathy. Doug Rushkoff, a media theorist, describes the outcome of this affliction on society.  …a whole bunch of billionaires [have] left a whole lot of really poor and unhappy people.  (“The Defector” by Malcolm Harris, Wired, Sept. 23, 2023, pg. 28) Entrepreneurship is a poor tool for defending a democracy.  Its objective, according to economist Glen Weyl, isn’t to spread equality but to end competition.  Should we be surprised when entrepreneurs prove unresponsive to the needs of others?  Psychologist Timothy Leary didn’t think so.  He once described them as psycho-sexually immature white men who want all the benefit[s] of being sealed up in their perfectly controlled and responsive environments without ever having to face the messy, harsh reality of the real world.  (“The Defector,” by Malcomb Harris, Wired, Sept. 23, 2023, pg. 68)  Leary singles out white men for criticism but history provides no evidence that women and minorities, given the same privileges, would behave differently. Self-love is a condition of being human.  Take the example of one newly minted entrepreneur.  He avows the goal of his startup is to make technology safe for humanity. (“Transformers,” by Steven Levy, Wired, October 2023, pg. 37.)  Even so, success has brought a change.  No longer an open-source organization that shares its creativity, his company, having grown to almost $30 billion, has gone private. (Ibid, pg. 37.)  It’s a progression all too familiar.  This sense of history brings me to the role the elderly should play in modern society. After retiring, many return to the workplace bringing with them a different perspective than their younger coworkers. Most importantly, they tend to humanize the environment, displaying more patience on the job than their younger colleagues.  Says one manager, we find that retirees are really great at interacting with clients and showing empathy. (“How We Are Changing America,”pg. 7) In their new role, the old blanch to learn that among the young are those who show an alarming willingness to question democracy’s value.  The latter even dare to ask, “Would it be a bad thing to build a machine that CHANGES HUMAN LIFE AS WE KNOW IT, (“Future Tense,” by Nick Bilton, Wired, October 2023, pg. 77-81) Given what’s at stake, seniors may be forgiven for worrying about the future of their children and their children’s children. Experience has taught them that it’s easier to destroy a civilization than to build one.  Frankly, as someone old, I grow weary of complaints about Joe Biden’s age. The number of candles on a cake has nothing to do with leadership.  What matters is vigor coupled with wisdom born from practice.  These the President has. What is aging, after all, but one of several altered states in a life? Is one period in time truer than the one before or after it?  We can only know what we know at a given point in life.  Someone young looks to the future and sees a road not taken.  Someone old pauses, remembering where the minefields are. No one either young or old, rich or poor, poet or scientist sees the whole of existence. It takes a village for us to prosper.  Simply put, we need each other.

[francesbeau]

The Culture of Narcissism - Christopher Lasch

American Life in An Age of Diminishing Expectations. 

Preface: 

The Awareness Movement and the Social Invasion of the self 

- Sense of Ending which has given shape to so much of twentieth century literature : as the twentieth century approaches its end, the conviction grows that many other things are ending too.’ . 

‘The contemporary climate is therapeutic not religious. people today hunger not for personal salvation, let alone for the restoration of an earlier golden age, but for the feeling, the momentary illusion of personal well-being, health, and psychic security.’ (pp.7)

‘Having displaced religion as the organizing framework of American culture, the therapeutic outlook threatened to displace politics aswell.; (pp13)

- surrender yourself to the latest products of modern technology 

The Narcissistic Personality of Our Time 

- ‘every age develops its own peculiar form of pathology which express in exaggerated form its underlying character structure.’ In Freuds time hysteria and obsessional neurosis carried to extremes the personality traits associated with the capitalist order at an earlier stage in its development - fanatical devotion to work. 

- ‘The ethic of self preservation and psychic survival is rooted the, not merely in objective conditions of economic warfare, rising rates of crime and social chaos but in the the subjective experience of emptiness and isolation.’ (0051) 

- ‘The ideology of personal grown, superficially optimistic, radiates a profound disrepair and resignation. ‘(pp51)

Changing Modes of Making It

- Protestant work ethic was one of the most important underpinnings of American culture. according to the myth of capitalist enterprise thrift and industry held the key to material success and spiritual fulfillment.’ 

- ‘The self made man, archetypal embodiment of the American dream owed his advancement to habits of industry, sobriety, moderation self discipline and avoidance of debt.’

- In the age of diminishing expectations the protestant virtues no longer excite enthusiasm.’ (pp.53)

- ‘Self preservation has replaced self improvement as the goal of earthly existence.’ 

The Eclipse of Achievement: 

- ‘In a society in which the dream of  success has been drained of any meaning beyond itself, men have nothing against which to measure their achievements except the achievements of others.’ (pp.59)

‘Self-approval depends on public recognition and claim, and the quality of this approval has undergone.’ ‘Today men seek approval the kind of approval that applauds not their actions but their personal attributes. they wished not so much to be esteemed, but admired.’ 

‘They crave not fame, but the glamour and excitement of celebrity. they want to be envied rather than respected. pride and acquisitiveness, the sins of an ascendant capitalist have given way to vanity.’ 

‘Success in our society needs to be ratified by publicity.’ (pp.60) 

‘The propaganda of death and destruction emanating ceaselessly from the mass media, adds to the prevailing atmosphere of insecurity.’

- Absence of continuality in the converge of events .... 

Ironic Detachment as an escape from routine

- I’m our society, anxious self criticism only serves to regulate information signaled to others. It also established an ironic distance from the deadly routine of daily life.’ (pp94)

- ‘He takes refuge in jokes, mockery and cynicism. - by refusing to take seriously the routines he has to perform, he denies their capacity to injure him.’ (pp.95)

- ‘by demystifying daily life, he conveys to himself and others the impression that he has risen above it, even as he goes through the motions and does what is expected of him.’ (pp.95)

The socialization of reproduction and the collapse of authority

- ‘as the child begins to perceive his mothers limitations he relinquishes the image of maternal perfection and begins to take over many of her functions to provide for his own comfort. Any idealized version of the mother lives on the child’s subconscious. Diminished however by the daily experience of maternal fallibility’

- the Marcus stick mother incessant yet curiously perfunctory attentions go her c go of interfere with the mechanism of optimal frustration.’ Because she so often sees the child as an extension of herself she lavishes awkward out of touch attentions onto the child

- by treating her child as an exclusive Possession she encourages an exaggerated sense of his own importance.’ Pp173

- ‘co fixed her child deserves the best of everything she arranges every detail of his life with a zeal that undermines his initiative and destroys his capacity for self-help’ (pp.173)

-Women with "otherwise well-integrated personalities, according to Dr. Reich, unconsciously seek to please a narcissistic mother by replacing the missing father, either by elaborating grandiose fantasies of success or by attaching themselves to successful men.’ (pp.174)

The flight from feeling: sociopathology of the sex war

Russel once predicted that the socialization of reproduction - the super session of the family by the state- would make def move itself. Orr trivial ‘en courage a certain trivia Ty in all personal relate so

 ‘the cult of intimacy conceals a growing despair of finding it.’ (pp.188)

[inspiration30000]

Side Hustles: Earning Extra Income

Typical 9-to-5 employment is no longer the only route to financial stability in today's changing economy. More and more people are relying on side companies or employment as a complement to their primary source of income. This essay will go into the realm of side jobs and offer a thorough primer for anybody considering this source of additional money. We'll go over everything you need to know to begin your side hustle adventure, from comprehending the premise of a side hustle to examining numerous concepts and tactics for success.

Side Hustle

Side Hustle: A Quick Overview

Recognizing the Idea of a Side Business Any form besides one's regular job is considered a side hustle. It gives additional cash and, frequently, a creative outlet that a day job would not. Side occupations include traditional part-time work and more entrepreneurial pursuits like starting a small business. They might be associated with your present position, enabling you to use your abilities and information, or they could be entirely unrelated, allowing you to discover new interests and passions.

The Growth of the Gig Economy and How It Affects Side Hustle

The gig economy, characterized by freelancing and adaptable labor, has considerably fueled the growth of side businesses. People can now make additional money based on their schedules and talents. Finding freelance employment that matches your lifestyle is now simpler than ever, thanks to sites like Uber, Airbnb, and Upwork. Additionally, these platforms have made it feasible for individuals to monetize their interests and passions through successful side businesses, such as creating and selling handmade things on Etsy or providing coaching or personal training services.

Why Having a Side Business is More Important Than Ever

In a time of unstable economic conditions and increased living expenses, side jobs provide a means to boost financial stability. They enable people to spread their revenue sources and lessen their reliance on one company. Additionally, side jobs might provide a safety net in the event of a job loss or other monetary setbacks. They may also be a means to fund a dream vacation, pay off debt, or save for a significant purchase. Additionally, side jobs provide chances for both professional and personal development. With their assistance, you may grow your network, create your portfolio, and acquire new skills.

Investigating Different Side Business Ideas

  Online Employment: A Path to Flexible Employment The internet has completely changed how we work by providing a variety of remote online employment—the potential range from content development to digital marketing. You could establish a blog or provide freelance writing services if you enjoy writing. If you have visual design talent, you might make and sell digital items or provide graphic design services to companies. You can provide online tutoring or translation services if you speak another language well. The secret is to identify a need in the market for something that fits your talents and interests. Freelance Work's Influence in the Digital Age One benefit of freelancing is the ability to select assignments that fit your talents and interests. In practically every profession, there is a need for freelancing employment, whether it be in writing, graphic design, or coding. Additionally, freelancing allows for remote work, allowing you to work from any location and according to your schedule. You must build a portfolio to display your work and attract clients if you want to start working as a freelancer. It might entail contacting companies directly, establishing connections with individuals in your sector, or using online marketplaces for freelance work like Upwork or Fiverr. Earning Money While You Sleep Through Passive Income The term "passive income" describes profits that require little active effort, such as rent or commissions from affiliate marketing. It's a terrific method for increasing your revenue without spending much time on it. For instance, you may regularly earn money by renting out a spare room or piece of property on Airbnb. If you have a blog or website, you can use affiliate marketing to generate passive income by advertising goods and services relevant to your writing and receiving a commission on any purchases made through your referral links. You may also establish a dropshipping business, invest in stocks or bonds, produce and sell digital goods like ebooks or online courses, or invest in stocks or bonds. What Part Does Entrepreneurship Plays in Side Hustle? A side job might be the first step towards entrepreneurship for people with a company concept. It lets you learn about running a business with minimal risk, test your idea, and grow your client base. Starting small and focusing on your business in your spare time could make it your full-time career as it expands. Additionally, beginning a side business has several advantages, including the chance for financial gain and the delight of making your creations.

How Can I Earn $2000 Monthly as a Side Income?

2000$ Methods for Earning $2,000 a Month from Side Hustle You must pick the right side of the business, establish specific goals, and maintain consistency to make a sizable income. When selecting your side business, consider your hobbies, abilities, and market need. For instance, if you have writing skills, you may create a blog or offer freelance writing services. You may establish a drop shipping company or work as an affiliate marketer if you have a strong sales background. Set clear, measurable, attainable, relevant, and time-bound (SMART) goals to direct your efforts once you decide on a side hustle. For instance, you could earn $2000 monthly from your side business during the next six months; once you have a plan to accomplish your objective, stick to it. Successful side hustlers making $2,000 a Month: Case Studies Many people have been successful in transforming their side ventures into successful businesses. For instance, a graphic designer may begin providing freelance services on the side before expanding their company to include a group of designers and working full-time. An instructor could start giving lessons to pupils in their spare time and then create a tutoring facility. A person who enjoys working out may begin providing personal training sessions and eventually operate a gym. These instances demonstrate that generating a sizable income from a side hustle is feasible with the correct strategy, diligence, and dedication.

What Are Some Good Side Hustles

Today?

  Current Market Trends for Side Hustle Your ideal side business will rely on your talents, hobbies, and available time. However, contemporary developments include e-commerce, virtual support, and online education. Due to the pandemic, for example, there has been an increase in demand for online instruction as more parents look for online tutors for their kids. E-commerce is also increasing, with more customers than ever purchasing online. Many organizations outsource administrative chores to virtual assistants, another expanding industry. Finding Sustainable and Profitable

Side Hustle in the Modern Economy

A successful side business is sustainable as well as profitable. You should be able to sustain it over the long run and should enjoy doing it. Consider your talents and hobbies, the market need, and the possibility for development when choosing a side business to pursue. For instance, if you have expertise in digital marketing, you may offer small firms your services. Digital marketing services are in great demand due to the growth of e-commerce, and this trend is set to last for the foreseeable future. Additionally, as you acquire more clients and experience, you could broaden your service offerings or even launch a digital marketing firm.

Digital Marketing's Place in Side Businesses

Making Use of Social Media for Your Side Business Social networking sites like LinkedIn, Facebook, and Instagram may be practical marketing tools for your side business. They let you establish your brand, interact with potential consumers, and reach a large audience. You might use Instagram, for instance, if you're beginning a handmade jewelry business, to promote your goods, offer behind-the-scenes images, and interact with your fans. You might connect with potential clients on LinkedIn if you provide freelance writing services, promote your portfolio, and publish articles pertinent to your industry. The Effect of LSI Keywords and SEO on Your Online Side Business Latent Semantic Indexing (LSI) keywords and search engine optimization (SEO) may significantly improve the exposure of your online side business. Optimizing your website or online profiles with pertinent keywords may draw more organic traffic and prospective clients. For instance, you may use SEO and LSI keywords like "personal finance tips," "budgeting advice," and "financial independence" if you're launching a blog about personal finance to raise your search engine ranks and draw visitors who are interested in these subjects.

How to Start a Side Business Making $500 a Day?

High-Paying Side Hustle: How to Earn $500 Every Day Some side businesses might bring in $500 or more daily. These comprise high-end freelance employment, specialist consultancy, and certain kinds of web enterprises. For instance, if you are an authority in a specific sector, you might provide consulting services to organizations or private citizens. You could accept lucrative freelancing tasks if you're a talented programmer, designer, or writer. You might establish an online store or a drop shipping business if you are knowledgeable about e-commerce. Tips and Tricks for Increasing the Profits from Your Side Business Improve your abilities, deliver superior customer service, and advertise your side business skillfully to maximize your revenue. You may enroll in online courses or attend seminars to hone your talents. Going above and above for your clients might result in rave reviews and recommendations. You might also put time and effort into marketing your side business using SEO, email marketing, and social media marketing techniques.

Managing Your Side Business While Working Full-Time

  Techniques for Managing Your Time for

Side Hustle

It might be challenging to juggle a full-time job with a side business. Setting a clear timetable for your side business and employing productivity tools are two effective time management techniques. For instance, you may schedule specific times each day or week for your side business, ensuring it doesn't conflict with your day job. You might also utilize tools like project management applications, timers, and calendars to keep you organized and productive. How to Balance Work and Life in the Gig Economy Even while side jobs might earn you extra money, it's crucial to strike a healthy work-life balance. Set limits and schedule time for relaxation. Remember that a side business's purpose is not merely to generate more revenue but also to enjoy the experience and discover your hobbies.

How to Start a Side Business Making $100 a Day?

  Side Hustle for Novices: How to Make Your First $100 Start if you're new to side jobs. Several side jobs can help you earn your first $100, such as pet sitting or selling homemade crafts. After first recognizing them, find a side business opportunity that fits your talents and interests. Remember that the objective at this point is not simply to make money but also to gain experience and become knowledgeable about the side hustle industry. From $100 to $500 a Day: Scaling Your Side Business Look for expansion methods once your side business has begun to pay off. It can entail growing your customer base, raising prices, or adding new services. If you provide pet sitting services, consider giving extra services like dog walking or pet grooming. If you offer handcrafted things, consider listing them on a more popular website like Etsy or opening your online shop.

The Financial Dimensions of Side Jobs

  Financial Planning and Budgeting for Side Hustlers Effective money management for your side hustle is essential. Budgeting, financial planning, and a grasp of the tax ramifications of your additional income are required. Set a budget for your side business initially, accounting for costs like supplies or advertising. Plan how you will spend your revenue after that. You may preserve them, put them back into your side business, or utilize them to settle a debt. Finally, remember to record your income and outgoings for tax purposes. Recognizing the Effects of Side Hustles on Taxes Comprehending your tax requirements is critical because side hustle income is taxed. You could have to pay income tax, self-employment tax, or sales tax, depending on your area and the type of your side business. You could also write off some costs associated with your side business. Consider speaking with a tax expert to guarantee you comply with all rules.

The Prospects for Side Hustle

Forecasting Side Business Market Trends The possibilities for side businesses will grow as the gig economy develops. Keep up with market changes to adjust your side business plan as necessary. For instance, there could be more potential for internet-side businesses if remote employment becomes more prevalent. Demand for eco-friendly goods and services can increase as people grow more concerned about sustainability. Future-Proofing Your Side Business: Changing with the Times Flexible and adaptive individuals are the most practical side hustlers. Be prepared to adapt your side business when the market needs to do. For instance, you might need to switch from providing in-person services to delivering them online. If you sell, you should modify your items to reflect shifting consumer tastes.

Conclusion: Adopting a Lifestyle of

Side Hustle

A unique option to supplement your income, pursue your hobbies, and start a full-time business exists with side jobs. You may maximize the benefits of the side hustle lifestyle by picking the right side business, coming up with practical ideas, and being flexible. The opportunities are unlimited, whether you want to earn an additional $100 or $2000 monthly. Why then wait? Begin now with a side business!   Read the full article

[mariacallous]

With the 2022 midterms ushering in a divided federal government, the consensus view—at least in the media—is that Washington’s moment to enact big policy measures has now passed. The New York Times, The Washington Post, The Wall Street Journal, and others predict that disputes between a Republican-led House and Democrat-led Senate will cause federal legislative work to grind to a halt. A Politico headline said it most succinctly: “Biden’s era of big government is over.”

It’s true that a divided Congress should mean a less productive and less ambitious legislative calendar. But Washington has only begun to execute all the work created by the previous Congress—and nowhere is that more true than infrastructure policy.

Between the Infrastructure Investment and Jobs Act (IIJA) and the Inflation Reduction Act (IRA), the 117th Congress invested $1.25 trillion across the transportation, energy, water resources, and broadband sectors for the next five to 10 years. It’s now the Biden administration’s responsibility to get that historic amount of money out the door—yet the bulk of it is still sitting in federal coffers or unrealized tax credits on the federal balance sheet.

Nor will implementation outside Washington be easy. Leaders in state and local governments, utilities, and qualifying industries will confront a range of challenging economic conditions to put all that federal money to work. Significant price inflation in the construction sector, the growing cost of municipal debt, a tight labor market, and a general downturn in state and local government revenues could all limit how many projects move from planning to physical construction. Communities and companies may need to right-size their infrastructure ambitions for those volatile economic realities.

The goal of this report is to use the past year of legislative activity and economic data to prepare public officials, practitioners, and analysts for what the next few years of federal infrastructure implementation may entail. If there’s one common theme across all the data, it’s this: With so much money available across so many programs, strategic implementation is now the most urgent priority. We recommend the following three cross-cutting strategies:

Rank major priorities. No matter the infrastructure sector or asset owner, there is a likelihood that not all “good” projects can be completed by the time the IIJA or IRA expire. Leaders must reconsider priorities and rank what matters most to constituents, customers, and the bottom line.

Prepare for different funding scenarios based on shifting economic conditions. Even with the significant increase in federal resources, all projects will require either matching public funding (such as formula programs), private investment (such as those incentivized by tax credits), or both. With economic conditions feeling especially volatile, practitioners should consider how different amounts of state and local dollars will impact access to federal funding. Experiences in Philadelphia and Colorado—both of which adopted policies to secure funding to make federal matches—could serve as models.

Expand the talent pipeline. The IIJA and IRA primarily fund capital investments or operations, leaving the question of where talent comes from to infrastructure owners and operators. With five to 10 years of funding increases, public and private stakeholders won’t complete their project pipeline if they don’t also address their workforce pipeline. States should make use of flexible workforce funding within the IIJA, and localities should consider new regional strategies.

[visionarycios]

MacKenzie Scott’s Philanthropy Surpasses $19 Billion, Transforming Key Sectors’

https://visionarycios.com/wp-content/uploads/2024/12/1-MacKenzie-Scotts-Philanthropy-Surpasses-19-Billion-Transforming-Key-Sectors-Source-fortune.com_.jpg

Source: fortune.com

MacKenzie Scott, billionaire author and philanthropist, has reached a staggering milestone in her philanthropic journey. In a blog post this week, she revealed that she had donated another $2 billion in 2024, bringing her total giving since 2019 to $19.2 billion.

Scott also shared new details about how she is managing her wealth, explaining that she has directed her advisors to invest her resources into mission-aligned ventures. Instead of withdrawing funds from traditional stock portfolios or bank accounts, Scott’s approach focuses on for-profit solutions addressing challenges such as economic security and opportunity.

Most of Scott’s wealth originates from her shares in Amazon, which she received during her divorce from founder Jeff Bezos. Even after years of significant donations, her current net worth is estimated at $31.7 billion, underscoring the immense scale of her giving and the resources still available to her.

A Focus on Poverty and Economic Security

MacKenzie Scott’s giving has increasingly centered on poverty alleviation and economic security. Experts in the nonprofit sector have noted her growing impact in these areas. Her method of providing unrestricted, trust-based grants has reshaped philanthropy, with over 2,450 nonprofits benefiting from her generosity. These large, flexible donations allow organizations to address their unique needs without restrictions or conditions.

In 2024, Scott introduced a new dimension to her giving by awarding repeat donations to several organizations. Notable beneficiaries include CAMFED, which supports girls’ education in Africa, and Undue Medical Debt, previously known as RIP Medical Debt. Both organizations received their third grants from Scott this year.

Shaun Donovan, CEO of Enterprise Community Partners, an affordable housing organization, was surprised to receive a second major donation. Donovan recalled receiving a call informing him that his organization would be awarded $65 million. This came after an earlier $50 million donation in 2020. He emphasized that Scott’s team advises grantees not to expect additional funding, making repeat donations an unexpected but impactful development.

Donovan advised organizations receiving grants to avoid using the funds for operating expenses that might create future budget shortfalls. Instead, he recommended treating the donations as opportunities to make strategic, long-term investments in their missions.

Transforming Sectors Through Large-Scale Giving

MacKenzie Scott’s contributions have been transformative not just for individual organizations but for entire sectors. Experts say her giving has fundamentally changed fields like affordable housing, creating ripple effects that extend far beyond the immediate beneficiaries. Her unrestricted grants give nonprofits the flexibility to address pressing issues, innovate, and expand their reach.

This year marked another first for Scott’s philanthropy, as she conducted an open call for grant applications. In March, she announced the recipients of this process, awarding a total of $640 million to over 360 nonprofits. The application process, managed by Lever for Change, attracted an overwhelming response, with 6,353 nonprofits applying for unrestricted grants.

Ultimately, 279 organizations received $2 million each, while 82 organizations were awarded $1 million each. This shift toward an application-based model allowed more nonprofits to participate and benefit from her generosity.

Redefining Philanthropy

Scott’s approach to philanthropy, often referred to as trust-based giving, has set a new standard for how megadonors can operate. Unlike traditional philanthropic models that often come with strict conditions and oversight, her strategy prioritizes empowering organizations to use the funds as they see fit.

Her impact has been felt across diverse sectors, from economic security to affordable housing and girls’ education. Experts highlight her role in demonstrating how large-scale giving can be both effective and efficient. However, while Scott’s giving has created a model for other philanthropists, few have matched her pace or scale.

Five years into her philanthropic efforts, MacKenzie Scott has not only reshaped the nonprofit landscape but also inspired new possibilities for addressing social challenges. As she continues to give at an unprecedented rate, the long-term effects of her generosity are already transforming lives, organizations, and entire fields.

Visit Visionary CIO for the most recent information.

[cleverhottubmiracle]

Opens in new windowFor yet another year, the most common sentiment among fashion leaders for 2025 was “uncertainty,” according to the BoF-McKinsey State of Fashion 2025 Executive Survey. Just 20 percent of respondents expect conditions to improve from 2024, 41 percent expect conditions to remain the same and 39 percent expect them to worsen.Like last year, there is a divide among executive expectations, but reasons for concern have changed:Fashion leaders are concerned about consumer sentiment, as the economic outlook remains in flux and sluggish across markets. Seven out of 10 fashion leaders cited consumer confidence as the top risk for 2025.Executives remain concerned about how geopolitical instability and economic volatility will impact the fashion landscape in the year ahead. Given changing dynamics and conflicts in the geopolitical landscape we expect these risks to stay top of mind.Meanwhile, inflation has been falling further down the list of executives’ concerns. Around the world, central banks are lowering interest rates as inflation cools. In this year’s survey, executives were nearly half as likely to cite inflation as a key risk compared last year.The fashion industry will post low single-digit growth in 2025Despite these continued challenges, McKinsey Fashion Growth Forecasts predicts the global fashion market to post low single-digit growth in 2025, reflecting a structural deceleration following the post-pandemic boom. This deceleration, coupled with relatively muted consumer confidence, will force brands to prioritise capturing market share, rather than reaping the rewards of the outsized market growth of the last few years.The macroeconomic climate will continue to challenge growth across regions​Non-luxury: ​Europe+2-4% —  year-on-year market growth in 2025GDP growth is expected to increase slightly to 1.2 percent in 2025, as rising real wages are anticipated to boost consumption.Economic uncertainty and geopolitical concerns are keeping personal savings rates high, reaching a three-year peak in June 2024.Appetite to spend is ticking up slightly as disposable personal incomes rise and inflation falls.Recovery across the continent will be mixed; sluggish growth is still expected in key economies such as Germany and the UK.US+3-4%—  year-on-year market growth in 2025GDP growth is expected to slow slightly to 2.2 percent in 2025, while the Federal Reserve aims to continue rate cuts in 2025 to boost consumption.Consumer purchasing power is rising, buoyed by a strong stock market and property sector. In 2024, wage growth outpaced inflation, while the personal savings rate dipped below pre-pandemic levels at 6 percent.China+2-4% —  year-on-year market growth in 2025China is experiencing a structural slowdown. While GDP growth is still outpacing global growth, it is expected to decelerate to 4.5 percent amid a property market crisis and record-high debt-to-GDP of 288 percent.In August 2024, consumer confidence fell to just above 2022 record lows. It remains uncertain whether government measures will be sufficient to drive a meaningful boost in sentiment in 2025.Luxury:​Europe+1-3% —  year-on-year market growth in 2025Domestic luxury demand is expected to be low, affected by consumer caution in Europe.As of May 2024, tax-free shopping in continental Europe had recovered to 138 percent of pre-pandemic sales levels — although Chinese tourist spend was 59 percent of 2019 levels.Looking ahead, foreign arrivals to Europe are expected to grow by 8 percent per year from 2024 to 2026, expected to drive market growth.US+3-5% —  year-on-year market growth in 2025Aspirational middle- and upper-class consumers’ ability to spend on luxury is increasing as a result of decreasing inflation, higher disposable income and a strong real estate market.The growing ultra-high-net-worth individual (UHNWI) population is also driving demand: 8 percent growth in 2023 and an expected 5 percent compound annual growth rate (CAGR) from 2023 through 2028.China -3-0% —  year-on-year market growth in 2025Domestic luxury growth is expected to pick up slightly in late 2025 thanks to high savings rates (household savings rate at 32 percent), and the rise of new wealth centres, such as Shenzhen and Wuhan.Domestic growth will remain below historical levels due to a rebound in international travel and slower growth in UHNWIs (expected 8 percent CAGR from 2023 to 2028 vs 13 percent from 2019 to 2023).Executives are continuing to focus on sales growth in the year aheadNearly three out of four fashion leaders are prioritising sales growth over cost improvements, a slight uptick from the 2024 survey.However, the drivers of growth are shifting. In the last few years, volume growth has slowed, or even declined, in regions such as the US and Asia-Pacific. Now, in a reversal of recent years, leaders anticipate volumes, rather than price, will fuel growth.Compared to the prior year, the number of executives that expect to increase prices dropped 17 percentage points.Nearly two thirds of executives expect volume growth in 2025, mostly in the low single digits.Consumers are tired of price increases. This is particularly true for middle- or lower-income shoppers, who are more sensitive to price hikes. As a result, brands anticipate having less pricing power, in line with executives’ uncertainty over consumer appetite to spend.Fashion leaders identify new opportunities for 2025In pursuit of differentiation:At the top of executives’ priorities this year is finding ways to differentiate, whether through new designs, customer experiences or finding new customer niches.Localisation is one lever fashion brands are leveraging. Half of executives plan to localise their go-to-market model and value proposition, especially through pricing, fulfilment channels and assortment. This will help connect with customers in promising emerging markets for growth such as India.65 percent of executives also plan to alter their assortments to include a variety of options across price points. In 2025, it will be important to appeal to a wide range of consumers to gain share while balancing tight control of inventory.Reduced focus on cost improvements:While executives continue to prioritise advancements in AI and digital innovation, they are less focused on actively mitigating costs. Over 85 percent expect their cost of goods and selling, general and administrative costs to grow at a low single-digit rate.Sustainability takes a backseat:In the past two years, sustainability was a top opportunity for industry executives. This year, in an environment where growth may be constrained, the focus on sustainability has faded into the background, as executives prioritise other opportunities, such as differentiating their brands and offering new designs to capture market share.The 10 fashion industry themes that will set the agenda in 2025:1. Trade ReconfiguredGlobal trade is shifting as major economies diversify and source from countries where they have more political alignment. This will accelerate in the fashion industry in 2025 due to rising costs, evolving trade policies and sustainability targets. As a result, fashion brands are likely to double down on diversifying their sourcing footprint in Asia and lay the foundations for nearshoring.2. Asia’s New Growth EnginesChina’s economic deceleration, changing consumer preferences and the return of international travel are making growth in the country highly challenging, leading international fashion brands to look to other Asian markets. India will be a focus, particularly for high-street players, while Japan’s luxury boom is expected to continue into 2025, fuelled by strong international and domestic spend.3. Discovery ReinventedFashion shoppers are overwhelmed with choice, which negatively impacts their engagement and conversion rates with brands. However, a new era of brand and product discovery is on the horizon, underpinned by AI-powered curation across content and search.4. Silver SpendersFashion brands have typically focused on youth, but in 2025 they may struggle to grow sales from younger shoppers alone. The “Silver Generation” aged over 50 represents a growing population with a high share of global spend. Brands that engage these previously overlooked shoppers while creating inter-generational appeal will unlock incremental growth.5. Value ShiftMacroeconomic pressures and rising prices have driven fashion shoppers to adopt cost-conscious behaviours. This is expected to persist, even as some economies begin showing signs of recovery. This dynamic is fuelling growth in segments with strong value-for-money perception, such as resale, off-price and dupes, among others. To capture customers’ share of wallet, brands will need to prove their value.6. The Human Side of SalesDifferentiating the in-store experience is key to reigniting demand for in-person shopping. Brands can achieve that by empowering their store associates to reach their full potential, as sales staff have a central and valuable role to play in connecting with customers. The benefits will be sizeable, since customer and employee experience are inextricably linked.7. Marketplaces DisruptedFollowing a tumultuous period for luxury e-commerce platforms, online non-luxury marketplaces are facing challenges of their own. Share prices have dropped as much as 98 percent since Covid-19 peaks due to existential business model challenges and disruptions. Non-luxury marketplaces globally must carve out a clear role in the fashion ecosystem to survive.8. Sportswear ShowdownChallenger brands are forecast to generate over half of the sportswear segment’s economic profit in 2024, up from 20 percent in 2020. This means the battle between challengers and incumbents in the growing sportswear market will likely intensify. To gain market share, brands will need to develop innovative products and use the right ambassadors and channels to activate unique brand stories.9. Inventory ExcellenceInventory remains a challenge for the industry with both excess stock and stocks-outs impacting brands. In 2025, margin pressures and sustainability regulation will place greater emphasis on end-to-end planning excellence, with brands increasingly adopting tech tools and adjusting their operating model to support agile supply chains.10. The Sustainability CollectiveFragmentation and complexity across the fashion value chain, coupled with consumer reluctance to pay for sustainable products, are inherent barriers to reaching sustainability goals. But with decarbonisation efforts falling short of targets and the climate crisis accelerating, inaction is not an option. The fashion sector must act collectively to drive impact.This article first appeared in The State of Fashion 2025, an in-depth report on the global fashion industry, co-published by BoF and McKinsey & Company. Source link