Everything by design is kind of complicated. And because it is complicated it is inefficient. But inefficiency keeps people in jobs. Let us explain.
Education is form of an inefficiency. Just 20% of people go on to a role that requires their knowledge from college or university education. But keeping more people in education keeps them out of the job market.
Government regulations change so often that it inherently creates several roles. The law is complicated and inefficient, but it keeps many people in a job and creates new jobs.
The US was not alone in hiking interest rates. The 6 other countries that hiked interest rates by 0.25% in line with the US were United Arab Emirates, Bahrain, Kuwait, Saudi Arabia, Hong Kong and Macau – all of which peg their interest rates in line with the one in the US.
Meanwhile Russia, Brazil, Mongolia, Tajikistan, Kenya, Serbia and Peru all lowered their interest rate.
There were two articles in the news on social media recently, one from CNBC on how most trending videos in India on YouTube are often overwhelmingly hoaxes (click here to read it) and another from the BBC on how UN investigators have said the use of Facebook played a “determining role” in stirring up trouble in Myanmar (click here to read it).
Thanks again to everyone reading this and contributing to the success of this website. We have had an amazing first 75 days and would like to share what we have learnt, and we hope you will learn something new from what we learnt.
A massive thank you to all readers of this website.
We are pleased to report that we are now amongst the top 0.5% most visited websites in the world as per the latest Alexa rankings. This site was only registered on December 31, 2017 and this is truly an amazing achievement within 75 days.
We couldn’t have done this without you and thank you for being part of our success story.