Aging population and immigration curbs – Bloomberg @Business

Lessons we won’t learn?

A piece on Bloomberg about Singapore’s imminent labour crisis:

In Singapore, immigration restrictions can partly explain an expected drop in working age population growth from 2027, even as Kuijs [Louis Kuijs, Head of Asia Economics at Oxford Economics] credits foreign labor inflows for helping boost that pool over the last decade.

and…

The grim rule of thumb for the [Asia] region: A 1-percentage-point decline in labor supply growth in any of these areas would shave off a half-point to two-thirds of a percentage point in GDP growth.

Read the article, here.

 

Photo credit: Foter.com

Terrifying and totally worth it. The freelancing life by @leifpettersen

I came across this and can relate to it. I’m sure many sovereign professionals can.

Freelancer Leif Pettersen looks at the pros and cons of our wonderful lifestyle:

  • Do you have a saintly, bread-winning spouse to help fill income gaps?
  • Are you free of dependents, expensive hobbies and vanity possessions, including pets larger than goldfish?
  • Are you cool with handling most of if not all of your own accounting, project management and the godawful networking?
  • Does your ability to manage anxiety equal that of a discount shark dentist?
  • How long can you go between checks without completely unraveling, abandoning your gig and getting a job at the local pizza joint? More than six weeks?

If you answered yes to at least two of these five questions, I’m liking your chances.

Read the full article, here.

 

Photo by Annie Spratt on Unsplash

11 Decisions for a world of craziness – Nicholas Bate

I’m late in posting this, but it seems to have resonated with everyone else I follow, too.

Nicholas Bate suggests 11 decisions:

  1. Read. But the original. The long version. The fresh thinkers. Don’t accept the hyperbole…Become your own expert.

2. Study. A lost art. Satisfying. Brain enhancing. Try subjects such as robots and/or climate change and/or…what’s ‘the truth’?

8. See the bigger pictureAnd reduce the daily stress. Look up.

Read the original. You can’t build your own understanding on someone else’s distilling.

Read the full list, here. 

 

Photo by Mohamed Nohassi on Unsplash

Routine is everything – @DailyStoic

I liked this, from the Daily Stoic email of 29th August:

Epictetus once said that “every habit and capability is confirmed and grows in its corresponding actions, walking by walking, and running by running . . . therefore, if you want to do something, make a habit of it.” If you don’t want to do something, he said, make a habit of doing the opposite.

Habits, routines and rituals are flagstones on the path to achieving big projects and long-term goals.

It reminds me, too, of Marcus Aurelius:

Your mind will be like its habitual thoughts; for the soul becomes dyed with the colour of its thoughts.

 

The mind is like a 3D printer, slowly creating impossible things layer by layer by layer.

You can find the The Daily Stoic, here.

Photo by Mikesh Kaos on Unsplash

Echoes through time: A candour affected is a dagger concealed

Sincerity and goodness ought to have their own unmistakable odour, so that one who encounters this becomes straightway aware of it despite himself.  A candour affected is a dagger concealed.  The feigned friendship of the wolf is the most contemptible of all, and to be shunned beyond everything.  A man who is truly good and sincere and well-meaning will show it by his looks, and no one can fail to see it.

Marcus Aurelius (AD 120 – 180), Meditations

Downtime: Songs of Bob Dylan by @joan_osborne

Sublime.

I love Joan Osborne’s voice and her cover of Dylan’s Man In The Long Black Coat was a high-point in her excellent debut (Relish) way back in 1995.

This album offers fresh takes on some Dylan classics. As Osborne says in this Rolling Stone interview:

There were also a couple songs that we tried to do where we couldn’t really find unique arrangements. We did “Don’t Think Twice, It’s All Right.” I still enjoy singing that song and we do it live sometimes, but I didn’t feel like we were able to come up with any way to record it that would justify putting it on the record and saying, “OK, here’s a new way into this song.” So that was really kind of the criteria. It was: Is there something left to say about this song that hasn’t already been said? And if the answer was yes, then we pursued it. And if the answer was no, and we really thought that a song had been well-served by other versions, then we left it alone.

Joan Osborne’s site is here.

The album is here.

Great listening for the weekend.