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Showing posts from October, 2023

The phony economics of Second Life

 Original article here  , posted on Tue 20 Feb 2007 ANALYSIS Two weeks ago, business leaders at Davos gave their blessing to Linden Lab's Second Life. They hailed the spectacular growth of its virtual economy while politicians spoke of democracy itself moving into its online world. But little of this coverage questioned its true popularity, or how sustainable its "virtual economy" might be. Second Life went live in 2003, burning through $8m of venture capital investment over the next three years. And it remained invisible until recently - with a few mentions on enthusiast weblogs. But in March 2006, Linden Lab used some of an $11m additional investment from VC firms, and from Amazon's Jeff Bezos, eBay's Pierre Omidyar, and the Open Source Foundation's Mitch Kapor, to hire a professional agency, Flashpoint PR. It was now business journalists who began to spread the word. The Wharton School, Business 2.0, the Harvard Business Review - all wrote approvingly of Se

India far from replacing China as global growth engine: HSBC

HSBC Holdings has stated that India's recent economic gains are unlikely to surpass China as the main growth engine of the world economy in the near future. HSBC expects the gap between the two economies to widen, reaching $17.5 trillion by 2028. The bank highlights the difference in consumption and investment trends between the two countries. Although India is expected to contribute significantly to global demand for commodities, consumption, and capital goods, it will take another 18 years for India's investment spending to catch up to China's. India’s impressive recent economic gains are unlikely to displace China as the world economy’s main growth engine anytime soon, according to HSBC Holdings Plc. “The numbers don’t exactly add up,” economists Frederic Neumann and Justin Feng wrote in a report Friday. India, at the moment, “runs on too few cylinders,” while China is “simply too large to have its importance for the world economy readily eclipsed,” they said. HSBC expec

Russia’s national debt reaches 16.7% of GDP

Published: 2 Oct 2023 | 05:15 GMT Russia’s state debt rose by almost 10% in the first half of the year, as the government needed the funds to support the economy, Izvestia newspaper wrote on Friday, citing Russia’s Accounts Chamber’s report on budget implementation. Government borrowing between January and June soared by 9.8% and is projected to reach 25.1 trillion rubles ($256 billion) by the end of the year, accounting for 16.7% of Russia’s gross domestic product (GDP). The domestic debt increased by $14 billion (+7.4%) in the first six months and has now reached $206 billion, closely approaching the upper limit of $211 billion set by the Finance Ministry for this year. At the same time, the share of internal borrowing in the total debt structure decreased from 82.3% to 80.5%, the report noted. The amount of domestic debt in securities as of July had risen by $14 billion since the beginning of the year and now amounts to $198.9 billion. ‘External pressure’ strengthening Russian econo

How To Leave An Abusive Relationship: Step-By-Step Guide

This resource is a step-by-step guide on how to leave an abusive relationship. Whether you're ready to leave now or just trying to figure out exactly what to do when the moment arrives, what matters most is that you're considering taking even a small step in a new direction⁠—a direction that is leading you away from your abusive relationship and into a safe space. Even if your next step seems terrifying and your mind is overwhelmed, remind yourself that you've already begun your journey to freedom. Even considering leaving your abusive relationship is a sign of power, a sign of your desire to move forward and start a new life.  This guide was created with the help of Kayla Katz, MSW, RCSWI, a domestic abuse education and action advocate at Ruth and Norman Rales Jewish Family Services, and Gabrielle Powell, a victim services coordinator for a New York City–based victim services program. 1. Get some clarity and remind yourself that you're doing the right thing. sleep supp

What Is Negging? How To Recognize This Form Of Emotional Manipulation

Ever interacted with someone who seemed to be expressing interest in you...by making fun of you? This confusing behavior is known as negging, and oddly, it's often used as a form of flirting. We all desire and deserve healthy, mutually supportive relationships, but sometimes we can find ourselves entangled with people who manipulate and harm us. Why do some people get a rise out of putting others down? Here, we'll be doing a deep dive into the psychology behind this form of emotional control and how to deal with it. What is negging? Negging is a form of emotional manipulation that is carried out through "backhanded compliments and insults disguised as constructive criticism," says licensed mental health counselor Amanda Levison, M.S., LMHC, LPC, CCBT. Negging is deployed by people who wish to undermine, belittle, and control the people around them, with the intention to make the person begin to overly desire and depend on the negger's approval for self-esteem. Ove