I was tired of living in a country where not my capabilities or my competence but the connection that people have takes them forward. >> We plan to have a very small peaceful protest. >> Did you stay off of social media or did you go back to posting. >> No, I went back to posting. I will never stop posting.It's fine even if I die but I will be dying picking up for my country. There is a huge class difference and all these people they get this opportunities not because they are capable of it just because the ...

Core Argument - Traditional economics overlooks the powerful influence of social identities on economic choices, leading to incomplete or flawed policies [2][3][4] - Integrating social identity into economic considerations provides a more accurate understanding of human behavior and enables the design of more effective and socially intelligent policies [14][15] - Identity, while a powerful tool, can be misused, leading to negative consequences such as rigid labor markets and stifled innovation, highlighting the need for balance [11][12][13] Key Concepts - Social identity is defined as the sense of belonging to a group, influencing economic decisions beyond pure self-interest [2][3] - Policies that disregard social identities can lead to social crises, erosion of trust, and increased inequality, even if they address economic numbers [5][6] - Understanding and leveraging social identity can create positive social externalities, such as promoting non-smoking as a desirable social norm [9][10] Examples & Applications - The failure of trickle-down economics in the US and UK in the 1970s is attributed to overlooking the impact of tax cuts on social stratification and fairness [4][5][6] - Australia's anti-smoking campaign successfully utilized social identity by associating non-smoking with positive attributes, leading to increased quitting rates [9][10] - Japan's lifetime employment system, while initially successful, created an identity monopoly, resulting in inflexibility and hindering innovation [11][12]

Market Trends & Intervention - Rising global inequality is driving populist policies and increased market intervention [1] Sovereign Wealth Fund Perspective - Australia's sovereign wealth fund boss warns about the impact of inequality [1]

Global Economic Trends - Rising global inequality is leading to more populist policies and increased market intervention [1] Leadership Insights - Future Fund CEO Raphael Arndt highlights the growing concern over inequality worldwide [1]

It may widen inequality. But it has many advantages https://t.co/pP9tFSh5IW ...

Economic Overview - The concept of a K-shaped economy gained prominence in 2020, characterized by diverging economic fortunes [1] - High-income earners and those with wealth prospered, benefiting from a rising stock market and remote work opportunities [2] - Conversely, those without stocks or home ownership faced challenges, with unemployment remaining above 6% at the end of 2020 [2] - By 2025, the K-shaped dynamic reemerged, with consumer spending slowing among lower-income individuals while wealthier individuals continued to benefit from stock market performance [3][4] Inequality and Economic Impact - A K-shaped economy reflects economic inequality, which, while inherent in a capitalistic system, can lead to slower growth and social unrest when it becomes too wide [4][5]

Executive Compensation & Wealth - Elon Musk's potential compensation package could make him the first trillionaire [1] - To achieve this, Tesla's market value would need to reach $85 trillion [2] - If Tesla reaches the target, Musk could be worth over $2 trillion, exceeding the GDP of many countries [2] Economic Inequality & Consumer Spending - The top 20% of wage earners account for approximately 63% of all spending in the United States [6] - Many middle and lower-income individuals are struggling to keep up with inflation and are spending less [7] - Household debt in America has reached a record high of over $18 trillion [5] Inflation & Grocery Prices - Grocery prices are higher compared to the previous year [9][10][11] - A Thanksgiving meal bundle is cheaper this year but contains fewer items [9] - Inflation is still increasing in certain sectors [11] Economic Commentary - The economy is mixed, exhibiting a K-shaped recovery [5] - The President's statements about the economy, particularly regarding tariffs and price decreases, are not entirely accurate [12]

Economic and Market Overview - The global market pullback has been influenced by warnings from Wall Street CEOs, with Bitcoin entering bear market territory and ether erasing its year-to-date gains [2] - The U.S. government shutdown has reached a record length of 36 days, but indications suggest a potential resolution may be near [2] Political Developments - Zohran Mamdani, a Democratic socialist, is set to become the mayor of New York City after defeating Andrew Cuomo in the Democratic primaries, with Cuomo now running as an independent [3] - Mamdani's economic platform focuses on affordability and inequality, proposing a rent freeze, affordable housing, and a $30 minimum wage by 2030, funded by increased corporate taxes and higher rates for high-income individuals [4] Financial Industry Reactions - Notable figures from the financial industry opposed Mamdani's election, warning of risks related to capital flight and a deteriorating business environment, but some are now willing to collaborate with him [4] - Mamdani lacks the authority to regulate financial institutions or raise corporate taxes, which are determined at the federal and state levels, but he can influence city spending away from Wall Street interests [4] Company-Specific News - UPS experienced a cargo plane crash shortly after takeoff from Louisville [5] - Novo Nordisk has accepted a U.S. Medicare deal for obesity drugs [5] - Pinterest's stock has declined due to an outlook that overshadows user growth [5] - AMD's stock slipped despite beating estimates in results and guidance [5] - IBM plans to lay off a 'single-digit percentage' of its workforce in Q4 [5] Market Performance - In Asia, Japan's market fell by 2.5%, while Hong Kong decreased by 0.1%, and China saw a slight increase of 0.2% [6] - European markets showed mixed results, with London flat, Paris down by 0.3%, and Frankfurt down by 0.7% [6] - Futures indicate a flat Dow, a 0.2% decrease in S&P, and a 0.4% decrease in Nasdaq, with crude oil prices rising by 0.3% to $60.73 [6]

[Music] I'm going to start off by asking us some questions that I want us to reflect on and stay with it while I do my session. Have we ever had to learn in the same classroom with somebody living with disability. Have we ever had that one classmate that always repeated every class. [Music] Have we always had that classmate that when it is time for us to get our results, we already know the person that will carry the class and we know the person that will have all the awards.If you have all those answers, p ...

Global Poverty and Inequality - The speech addresses the pervasive issue of poverty and inequality, highlighting that it's not just about statistics but about real people and their limited choices [2] - It emphasizes that 10% of the world's population lives under $2 a day, which is the global standard for extreme poverty [5] - Poverty is defined not only as a lack of money but also as a lack of access, opportunity, and a functional support system [7] - Inequality is portrayed as a systemic issue, built into the structures that govern the world, affecting access to education, job opportunities, and overall life chances [7][8] - The speech provides examples of inequality in different regions, including rural Kenya, the United States, India, and Latin America, showcasing its global reach [9][10][11] Potential Solutions and Hope - The speech highlights examples of positive change, such as cash transfers in Colombia, healthcare expansion in Rwanda, and the rise of microfinance in India, demonstrating that progress is possible [12][13] - It argues that reducing inequality leads to faster economic growth and societal flourishing, emphasizing the economic benefits of addressing inequality [14] - The speech encourages individuals to educate themselves, support organizations making a difference, use their voices to challenge the system, and not accept inequality [14][15] - It concludes with a call to action to build a world where everyone has a chance to thrive and where basic needs are met, emphasizing the power of collective action [16][17]