The story argues that traders fear the good jobs number will translate into the Fed raising interest rates. The overall mood is that traders are getting scared and this story has sparked a sell off.
The person interviewed recommended not to strike the bear with the pole. Instead he recommended using the pole to scare the bear — keeping it at arms length. Realistically a bear encounter is likely to result in injury. The pole is an attempt to minimize the injuries sustained. It is basically a walking stick with a U shaped end to fend off the bear’s paws.
"Local officials lied about food production and greatly exaggerated output figures to gain promotions."
Were any of these officials who played fast and loose with truth ever punished and stripped of their ill-gotten promotions? The only person "punished" because of the Great Leap Forward, from my memory, was Peng De Huai who stood up to Mao and was eventually killed during the Cultural Revolution.
"After Peng still refused to "confess," his jailers began routinely beating him and broke several ribs,[106] injured his back, and damaged his internal organs,[107] especially his lungs. Peng's violent "interrogations" lasted over ten hours a day, but his interrogators were replaced every two hours to keep them from developing any sympathy for Peng, a practice pioneered by the Stalinist secret police in the 1930s. Peng was "interrogated" that way over 130 times.[106]"
The US has half the number of medical school graduates compared to the average. Instead of creating a lunar base, maybe create more residencies to graduate doctors?
Quote:
“…has produced one of the lowest ratios of medical school graduates, 8.6 for every 100,000 people. This is far lower than the OECD average of nearly 15 graduates per 100,000 people.”
A family member is in Germany this summer. He said he took a regional train from Aachen to Dusseldorf to Cologne. He said, at Dusseldorf Hbf, it was wall to wall people jostling each other to get on the train. He said there was a young couple with infant in a pram, who literally had to fight their way on a train because that train was already delayed 1+ hour and who knows when the next one will come.
The last time I took an DB ICE train was 20 years ago. It was a much more relaxed and pleasant experience then.
The ICEs are still generally ok, as long as you're willing to play roulette with big delays and missed connections (last few I got ran perfectly).
Regional trains are part of Germany's new super cheap unlimited travel ticket, which excludes ICE and afaik this is why they are now super crowded but I haven't taken them recently so no first hand experience
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