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Cake day: June 5th, 2023

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  • “The offices of the Central Social Institution of Prague, Czechoslovakia with the largest vertical letter file in the world. Consisting of cabinets arranged from floor to ceiling tiers covering over 4000 square feet containing over 3000 drawers 10 feet long. It has electric operated elevator desks which rise, fall and move left or right at the push of a button. to stop just before drawer desired. The drawers also open and close electronically. Thus work which formerly taxed 400 workers is now done by 20 with a minimum of effort.

    Source


  • Opening paragraphs translated:

    Barrage ammunition Stick M12 was developed in Ukraine Aviation Bpa (Unmanned aerial vehicles) defense industry Ukraine

    The Ukrainian defense company developed a barrage ammunition called the Stick M12.

    The United Military Solutions company said that their new drone is capable of flying at a distance of up to 70 km.

    At the same time, the Stick M12 UAV type «Krylo» is able to stay in the air for more than an hour.

    The impact drone is equipped with one electric motor in the rear. In the front part there is a warhead.

    It is designed to defeat stationary targets, armored vehicles and locations where enemy personnel are deployed.

    It is known that in June, a batch of these barrage munitions was received by a 100th separate mechanized brigade of the Ground Forces.






  • Economists at JP Morgan, the largest US bank by assets, published a research paper on de-dollarization in 2023.

    In reference to the global economy as a whole, they concluded that, “while marginal de-dollarization is expected, rapid de-dollarization is not on the cards”.

    However, they argued that, “Instead, partial de-dollarization — in which the renminbi assumes some of the current functions of the dollar among non-aligned countries and China’s trading partners — is more plausible, especially against a backdrop of strategic competition”.

    The JP Morgan economists added, “This could over time give rise to regionalism, creating distinct economic and financial spheres of influence in which different currencies and markets assume central roles”.

    This seems inline with the Chinese leadership game of influence, as well as the clown show that the US has become. Even with the interest still there from the US standpoint two decades of GWT, the lack of prioritize spending on following our so called values, the very high debt to GDP ratio we are running, the lack of real legislative ability, plus other challenges, all make the fundamentals seem less fundamental. Although China very much has it’s own issues such as an excess of manufacturing, a housing bubble, and a very steep demographic bubble. So their fundamentals are seemingly similar in question, but they have a marked ability to pivot quickly and do seem to be using their status as the 2nd largest economic to garner the same level of influence.

    Whether either has staying power of economics and global influence for the next 50 years is a very interesting question.

    I certainly don’t count the US out yet, but even if the election settles things down, there is some real work to do which has little to do with the current hotly discussed policy topics. I’d be curious about your opinions?