Why Age of Transformation? Like the creation of Ministry of
Innovation or Ministry of Happiness,soon,
added as new classification to the national wealth measurement charts amongst
the 200 nations “The Ministry of Critical Thinking; mandated to measure its
national ‘rate’ of human-transformation into futurism and creating skilled-citizenry
with innovative performance based on critical thinking” This powerful value add to national capability on economic
development fronts while discovering hidden human assets of productivity and
attracting foreign direct investments. National leaderships hard pressed to
demonstrate such scaling will have to make new policies on critical thinking
across the nation. In the 80s highest numbers of MBA within a nation were such attractive
measurements. Starting 2020 uplifting citizens to superior and productive performances
to cope with future or have restless citizenry turn into mob and chaos.
Counting and mounting steps is what education can teach you,
swinging on ropes what practice will train you, but somersaults without the
net, demands critical thinking; running businesses are the flying acts of
trapeze, deeply hidden inside in search of key on self-discovery journey, waiting to get
liberated and dazzling performances. After a lost decade on such talent-advancement
fronts deeper understanding such topic urgently needed. The world is changing
fast is no longer a cliché, it’ now a warning. Smart counties focused in helping
citizenry against onslaught of AI robotization.
Elements of Critical Thinker: In order to form a judgment about
anything some analysis of facts are critically necessary in that pursuit. It is
complex and difficult, demands rationality, unbiased analysis and study of
facts. The beauty of this craft hidden being independently free, open to
anyone, as part of self-discovery, self-directed-optimization and
self-monitored-disciplines based on self-corrective thought. Here there are no
criteria, no entrance exam, no fees and no degrees, all about just being a
critical thinker to walk a better path on the planet. Such thinking also leads
to command and clarity of communication and narratives of higher order with
standards of excellence.
Historically speaking, this 2500 year topic dating back to
Socrates ironically needed as a survival strategy for today when artificial
intelligence finally starts overtaking our artificially structured economic
models challenging national leaderships. In broad strokes how comfortable are
we about our advancements as mankind and what measures should we apply to get
even much higher. This is a dawn of a new era based on deeper thinking for
higher achievements to demonstrate harmony, diversity and tolerance. Anyone can
develop critical thinking. Anyone can be an entrepreneur. Anyone is free to
choose a path. Entrepreneurs display the highest clarity and rational of their
pursuits. Review 100 books on business of our times, start a bonfire when
becomes necessary.
Why Critical thinking and Entrepreneurialism; on the superior front of economic
growth, the art of turning minimum resources and into maximum output, backbone
of entrepreneurialism, called out of box for being unheard ideas with unseen
execution, labeled as crazy for being persistent against all odds and sometimes
nonsensical for being mysterious-cause-driven and not typical greed displayed
as outlandish success. Observe the difference and study last 100 great
entrepreneurs.
Why Reset the Future: Perhaps no need to blame, time to efficiently
reset the future; critical thinking an extremely essential trajectory and
necessary to allow the last lost decade teach us some real valuable
transformation models.
Caution: As the term ‘critical thinking’ becomes a
popular academic therapy with a portable couch and painless remedy for HR teams,
on the economic fronts, let’s isolate and declare real entrepreneurialism as
safety net of the future economic models and required thinking to pursue such
advancements. National agenda to mobilize working citizenry must come about to
create transformation; avoid mental health and depressions issues out of fear
of artificial intelligence. AI will play a very powerful role in the future but
limited or unskilled over time are the most fearful. Identify the difference
and study why artificial intelligence is
artificial ignorance
Understanding the transformation of human
performance: Like an
unstoppable tidal wave, all over the world, massive robotization and artificial
intelligence driving forces will replace a billion once high value middle and
senior level white collar workers. This happened when factory floors automated.
This time the targets are shinny office towers and downtown cores. Any mishap
may turn into chaos, as these once highly skilled workers will be far more
difficult unlike the old manufacturing workers lost in the crowd. Study the
rise and fall of WeWork
Imagine; National economies having deployment ready
mobilization to transform masses to higher levels of performance on
entrepreneurial learning grounds. When such deployments are self-generating
imagine the impact across 50-100 countries.
Imagine; Midsize
business economy of the nation transformed with new thinking, independent and
confident to maximize the free flow of new technologies, robotization, and
artificial intelligence, creating grassroots prosperity via their own
enterprises of sorts, with local or exportable models balancing local growth
and prosperity.
Imagine; Nations that already missed the Third
Industrial Revolution would leap-frog, by-passing all and energize its working
citizenry to superior performance fitting highly automated and digital platform
world.
Imagine; There are 11,000 Chamber with combined 45
million members across the world, how big an impact will they make on digital
platforms and bounce on global markets. The future of Chambers of Commerce is a
hot topic and new technologies are going to transform them. What’s required are
institutional dialogue and answers on role of major national trading blocks and
gate keepers of midsize business economy to come full circle on these new
thinking? Authoritative, bold national scale Round-table discussions a good
start. Study very closely as massive transformation already underway.
Three key areas digitization and advanced
strategies; how
digital advancements balanced with humanization will uplift common citizen to
better performers. How simultaneous digital transformation will make its impact
in synchronized fashion. How entire nation mobilized in a highly motivated
style creating harmonious environments with parallel responses to
entrepreneurial movements. Study platform economies and
entrepreneurialism.
Understanding National Entrepreneurialism: the most neglected are the national
entrepreneurial talents scattered across the unknown regions within national
boundaries, their earlier dreams and spirits stolen later blocked at every
stage but now opened as only resort to uplift such talents and combine their
ideas with technologies and global access on platform economies.
Caution: Just as if wearing a lab-coat does not make a
doctor similar rule MUST apply to entrepreneurialism, academic institutions
needs massive adjustments to differentiate new thinking as outdated MBA mounts.
Find truth and study deeply Fake
Entrepreneurialism.
Understanding Exportability: Without exports nations are doomed;
without the export promotion bureaus and agencies local exporters are doomed;
without exporting there is no foreign exchange. Without foreign exchange
national economy slips, restless citizenry starts growing. Unless ultra-modern
global-age savvy and platform economy centric the export promotions bureaus of
the world become the lingering exports will become troublesome, nation by
nation, country by country, mostly damaging their own national image and economies,
hurting their own local exporters and equally creating a poor image for
themselves becoming irrelevant. Observe the difference and study
trade-wars and skills-wars
Understanding Grassroots prosperity: Imagine abundance of local grassroots
prosperity now waiting national mobilization of hidden talents of
entrepreneurialism on platform economies. This is the new frontier; this
requires all elements of critical thinking on one side massive transformation
to uplift citizenry and parallel mobilization of entrepreneurialism on other to
create innovative excellence and exportability all in simultaneous
synchronization. Mastery of such topics is easier via critical thinking.
Beneficiaries: The new and emerging talents are hidden and
untapped amongst workforces and national entrepreneurial energies trapped in
outdated policies ready for global challenges, making working citizenry the top
beneficiaries. Political leadership ready to shine with such advances
Enemies: The same forces that gripped the last decade,
the same silence that ignored opportunities will play the same wait and see
game. Unchanged they remain comfortable.
Adjustments: Use master blueprints on how to manage and
systematically advance large number of once qualified people to higher ground
of critical thinking, global-age skills, lifelong learning and
entrepreneurialism on platform economies; such national mobilization are
execution starved and not necessarily funding dependent. 2020 debates and
discussions must acquire consensus before human endurance and performance issues
become new crisis of sorts entangled with artificial intelligence and massive
automation of senior level office work.
What are
your local priorities and what urgent help would you require?
TORONTO – Canada’s main stock index was down more than 200 points in late-morning trading, weighed down by losses in the technology, base metal and energy sectors, while U.S. stock markets also fell.
The S&P/TSX composite index was down 239.24 points at 22,749.04.
In New York, the Dow Jones industrial average was down 312.36 points at 40,443.39. The S&P 500 index was down 80.94 points at 5,422.47, while the Nasdaq composite was down 380.17 points at 16,747.49.
The Canadian dollar traded for 73.80 cents US compared with 74.00 cents US on Thursday.
The October crude oil contract was down US$1.07 at US$68.08 per barrel and the October natural gas contract was up less than a penny at US$2.26 per mmBTU.
The December gold contract was down US$2.10 at US$2,541.00 an ounce and the December copper contract was down four cents at US$4.10 a pound.
This report by The Canadian Press was first published Sept. 6, 2024.
TORONTO – Canada’s main stock index was up more than 150 points in late-morning trading, helped by strength in technology, financial and energy stocks, while U.S. stock markets also pushed higher.
The S&P/TSX composite index was up 171.41 points at 23,298.39.
In New York, the Dow Jones industrial average was up 278.37 points at 41,369.79. The S&P 500 index was up 38.17 points at 5,630.35, while the Nasdaq composite was up 177.15 points at 17,733.18.
The Canadian dollar traded for 74.19 cents US compared with 74.23 cents US on Wednesday.
The October crude oil contract was up US$1.75 at US$76.27 per barrel and the October natural gas contract was up less than a penny at US$2.10 per mmBTU.
The December gold contract was up US$18.70 at US$2,556.50 an ounce and the December copper contract was down less than a penny at US$4.22 a pound.
This report by The Canadian Press was first published Aug. 29, 2024.
The crypto market has recently experienced a significant downturn, mirroring broader risk asset sell-offs. Over the past week, Bitcoin’s price dropped by 24%, reaching $53,000, while Ethereum plummeted nearly a third to $2,340. Major altcoins also suffered, with Cardano down 27.7%, Solana 36.2%, Dogecoin 34.6%, XRP 23.1%, Shiba Inu 30.1%, and BNB 25.7%.
The severe downturn in the crypto market appears to be part of a broader flight to safety, triggered by disappointing economic data. A worse-than-expected unemployment report on Friday marked the beginning of a technical recession, as defined by the Sahm Rule. This rule identifies a recession when the three-month average unemployment rate rises by at least half a percentage point from its lowest point in the past year.
Friday’s figures met this threshold, signaling an abrupt economic downshift. Consequently, investors sought safer assets, leading to declines in major stock indices: the S&P 500 dropped 2%, the Nasdaq 2.5%, and the Dow 1.5%. This trend continued into Monday with further sell-offs overseas.
The crypto market’s rapid decline raises questions about its role as either a speculative asset or a hedge against inflation and recession. Despite hopes that crypto could act as a risk hedge, the recent crash suggests it remains a speculative investment.
Since the downturn, the crypto market has seen its largest three-day sell-off in nearly a year, losing over $500 billion in market value. According to CoinGlass data, this bloodbath wiped out more than $1 billion in leveraged positions within the last 24 hours, including $365 million in Bitcoin and $348 million in Ether.
Khushboo Khullar of Lightning Ventures, speaking to Bloomberg, argued that the crypto sell-off is part of a broader liquidity panic as traders rush to cover margin calls. Khullar views this as a temporary sell-off, presenting a potential buying opportunity.
Josh Gilbert, an eToro market analyst, supports Khullar’s perspective, suggesting that the expected Federal Reserve rate cuts could benefit crypto assets. “Crypto assets have sold off, but many investors will see an opportunity. We see Federal Reserve rate cuts, which are now likely to come sharper than expected, as hugely positive for crypto assets,” Gilbert told Coindesk.
Despite the recent volatility, crypto continues to make strides toward mainstream acceptance. Notably, Morgan Stanley will allow its advisors to offer Bitcoin ETFs starting Wednesday. This follows more than half a year after the introduction of the first Bitcoin ETF. The investment bank will enable over 15,000 of its financial advisors to sell BlackRock’s IBIT and Fidelity’s FBTC. This move is seen as a significant step toward the “mainstreamization” of crypto, given the lengthy regulatory and company processes in major investment banks.
The recent crypto market downturn highlights its volatility and the broader economic concerns affecting all risk assets. While some analysts see the current situation as a temporary sell-off and a buying opportunity, others caution against the speculative nature of crypto. As the market evolves, its role as a mainstream alternative asset continues to grow, marked by increasing institutional acceptance and new investment opportunities.
