With the large scale global economic turmoil underway for close to five years I am totally confused. Not because it impacts me in a direct way but because I am not sure why people are tolerating public instituional leader salaries that get paid out.
Here are a few examples -
International Monetary Fund - IMF - what does their MD do? Its a French woman who seems nice on camera but what exactly does she do to deserve a $400K annual salary? (TAX FREE).
WORLD BANK - newly elected Korean American that runs this entity also a government elected official. What exactly is the World Bank's role these days? What does he do?
European Central Bank or ECB - this is a new one to me - I am not sure what they have done in the past and what their current charter is but whoever is running it is as clueless on what to do than the jokers that make up the private banks in Europe.
EU head followed by the heads of the large federal institutions incuding the USA. Then come the slew of governing or regulatroy bodies in all the developed world including more acronyms like FINRA, SIPC, NASD, SEC and other alphabet soups.
The truth of the matter is that people have been and continue to be encouraged to spend without showing good collateral or ability to pay their debt back. This in turn leads to growing debts all over the world with nary a clue as to how this actually gets paid.
So why do these bloated entities survive?
Cool cat the Japanese are Tokyo at dusk My second visit to this land of the rising sun after almost a decade. Back then clearly I was wet behind the ears product manager and likely didn’t pay attention to all (efficient) things Japanese. But today I did and of course continue to be impressed. It is as much the obvious stuff like on time travel that is both clean and comfortable and all that which makes it possible. The impressive landmark and landscapes that these humans have put together despite their cramped (or because of it) surroundings and precarious geological conditions could amaze a novice architect among us. But it’s also the little things that someone had to think about which have a phenomenal impact on day to day lives that make the Japanese stand apart. Below are few random examples- 1. Providing a very fine machined wooden toothpick in every packet of wooden chopsticks. The said chapsticks are simply set on the To Go counter of any food vendor/ convenience store wher...
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