Writers Block

The joy of writing and expressing, I could think of pressing  the oranges I just have bought and I like the way the juices comes out of my labor.

In writing I’m trying to release and press as much as I could but it seems I have bought small and not so juicy oranges. For I can’t seem to satisfy my craving and satisfaction is not guaranteed.

If you are reading this, how do you plan and execute your writing entries. How do you get the passion to write.

I have plans of talking the IELTS soon but I seem to have a lot of hesitation since I can’t even stick to my schedules and be consistent.

Anyways I hope to sharpen this edge in which day by day is becoming so dull.

Paranoia and Mass Hysteria

In the news and social media people are bombarded with the latest statistics and deaths caused by the latest virus known to man. The media named it from Wuhan virus, Covid and NCov19.

The world has only done reactionary measures so far  and we would probably praise the draconian initiatives done by CCP in Hubei province.

The countries that are currently struck with deadly statistic s are Italy, Japan and South Korea. Even the US was not able to contain it.

Like the 9-11 incident which brought a number of changes in policy and governance. I would like to think that this pandemic will surely make us rethink and do things differently. Already some countries are imposing travel bans and some versions of lock down of their own.

In my country, thank God that not much cases are sprouting but I believe it may be due to the lack of testing kits.

We could only hope for the best and I have this feeling in my stomach that by 2025, we will be living on a world with different set of rules.

Until then keep on watching the news as the story unfolds.

Year 2020 :What a way to start the year or the decade!

Just came back from vacation  3 days ago, prior to that I’ve have a month long detox of staying of the computer screen and just logging in my social media accounts to check the latest in my immediate environment. My family and I have a month long quality time spent with each other and some small misunderstanding happened but eventually everything was patched up well.

Now I’m back in the Kingdom events like rumors of war between US and Iran, Taal volcano eruption, Novel corona virus ” Wuhan” and the latest which is the primary thing that people seem so caught up right now is death of Kobe Bryan. That’s a lot for the start of the year and you wonder why people are still so engrossed with celebrities compared to an impending doom of  a virus pandemic.

This year I’m trying to allocate my focus on a few topics and to see if I will have good results in my life.

So I choose the novel corona virus as a top priority, there are a lot of rumors going on right now but there are a few things that are certain, its highly contagious and whats worse infected patient are asymptomatic and keep on spreading without showing signs and symptoms.

The timing is just great, most of the places on Earth right now including my country is having rainy season, here in the Kingdom is a flu season. So wish us luck.

 

Tradeoffs: The Currency of Decision Making

Every decision we make carries an opportunity cost. If we don’t budget wisely, we end up wasting time and energy on things that don’t matter. Here’s how to do it right.

***

Economics teaches you that making a choice means giving up something. — Russ Roberts

The disregard of tradeoffs and opportunity costs play out in the same pattern again and again in our lives. We try to do everything and end up accomplishing nothing.

If you’re young, you think you can go all out in your career, have fulfilling relationships, travel on a regular basis, keep up with reading and social media, go without sleep, take out unnecessary credit card debt, and start a family at the same time. The end result is always a total meltdown.

Even if you are twenty or thirty years past this point, you are not immune. Every day we are faced with choices on how to invest our time, and we all can be guilty of the same thing: Taking on too much without properly understanding the costs. The problem is a misunderstanding of the importance of tradeoffs.

The dismal science

It’s not always that we need to do more but rather that we need to focus on less. — Nathan W. Morris

Economics is all about tradeoffs. A tradeoff is loosely defined as any situation where making one choice means losing something else, usually forgoing a benefit or opportunity. We experience tradeoffs in zero-sum situations, when a plus in one area must be a negative in another. A core component of economic theory is the study of how we allocate scarce resources and negotiate opportunity costs.

Economics offers tools that we can use as guides for getting what we want out of life if we take economic lessons and apply them to resources other than money. We all know our money isn’t infinite, yet we end up treating our time and energy and attention as if they are.  Many of us act as if there are no tradeoffs—we can just do everything if we try hard enough. The irony is that those who know how to make tradeoffs can get so much more out of life than those who try to get everything.

That’s not to say we can’t get more out of our time investments, while staying within the limitations imposed by mental and physical health. We can get more efficient in certain areas. We can combine activities. We can decide to focus on one area for a while, then switch to another. We can find plenty of smart ways to achieve more.

But blindly trying to overstuff our days and stretch our minds to their limits is foolish, whatever the self-help gurus and hustle porn promoters claim. We’re sold the false belief that we can be and have everything. As Julian Baggini writes in What’s It All About?: Philosophy & the Meaning of Life, a person in a content, long-term relationship might feel the pressure to get everything right:

They may well be an excellent life partner. But perhaps they are not a sexual athlete, the world’s best communicator, the possessor of a great body, a domestic god or goddess. In their local bookshop, however, they will be told by a book that they can and perhaps should be all of these things. This can foster feelings of inadequacy.

The truth is, when you’re trying to get everything right, you’re getting nothing right.

No one has everything

When we look at other people, we end up getting the impression that they are managing to do everything. They are fantastic parents, their relationships are novel-worthy, they look amazing, their careers are epic, they get enough sleep, and they feel good all the time. This, however, is far from true. We’re just not seeing the hidden tradeoffs they’re making.

Tradeoffs can take a while to become apparent. They sometimes only show up in the long term. We see this in complex adaptive systems. Try to optimize one area and there’s likely to be a price elsewhere. Sometimes it’s an obvious negative equation, like when steroid abuse leads to organ damage, or when fancy houses mask crippling debt.

But often the tradeoffs are genuinely hard to evaluate—people with world-class math abilities are often socially clueless, and many parents sacrifice career advancement to raise their kids. We all have to make sacrifices to be able to invest in what is important to us. Tradeoffs imply that to get really great at a few things, you have to accept being mediocre at a lot more.

There are no solutions. There are only trade-offs.

— Thomas Sowell

Most of us can divide up our lives into a few important areas: work, health, family, relationships, friends, hobbies and so on. It’s an unfortunate truism that we can never quite keep everything in balance. We’re constantly going off-kilter in one area or another and having to make course corrections. When one area goes well, another is usually sliding. It’s like a game of whack-a-mole. Focus on one area and it’s often to the detriment of another.

If you feel like you’re always behind on some area of your life, it’s probably a sign to reconsider tradeoffs. If you feel like you’re always running in place without making any serious progress on anything you care about, you’re probably making the wrong tradeoffs. We often end up allocating our time, and other scarce resources like money, by default, not in the way that gets us what we want.

How to take tradeoffs into account

The necessity of making trade-offs alters how we feel about the decisions we face; more important, it affects the level of satisfaction we experience from the decisions we ultimately make.

― Barry Schwartz, The Paradox of Choice: Why More Is Less

One of the most important areas where we need to pay attention to tradeoffs is when we make decisions. It’s not always enough to consider what we stand to gain from going for option B over option A. We also need to take into account what we lose.

Most big decisions involve major tradeoffs. That’s not necessarily a bad thing. It’s neutral. It’s just the price we pay. Simply being aware of the notion of tradeoffs is enough to change the way we make decisions.

Time is our most fundamental constraint. If you use an hour for one thing, you can’t use it for anything else. Time passes, whatever we do with it. It seems beneficial then to figure out the means of using it with the lowest possible opportunity costs. One of the simplest ways to do this is to establish how you’d like to be using your time, then track how you’re using it for a week. Many people find a significant discrepancy. Once we see the gulf between the tradeoffs we’re making and the ones we’d rather be making, it’s easier to work on changing that.

For instance, understanding tradeoffs in time usage is a good way to cut out unwanted, unhelpful behaviors and wastage. It’s one thing to tell yourself you’re not going to spend half an hour reading the news every morning before starting work. It’s another matter to plan how you’re going to spend that time instead. Will you finish work earlier and cook a fancier dinner, or Skype with a friend who lives abroad, or read a chapter of a book?

The higher the value is of what you could be doing versus what you are doing, the greater the opportunity cost. We’d all agree that we’d rather devote our time to activities we value, yet we can end up not acting that way out of habit or obligation or simply because we haven’t considered what we’re forgoing. We will never manage to get rid of everything that has low value to us, but we can keep cutting it back.

Multitasking as a way of getting more out of our time without making tradeoffs doesn’t work. The tradeoff in that case is often not doing anything particularly well. If you answer emails when you’re with your kids or friends, you’re not really focusing on either. Your emails are banal and the people you are with feel unimportant. Even if we try to find ways around fundamental constraints, the tradeoffs show up somewhere.

The final requirement in order to take tradeoffs into account is that you really need to be able to let go of not being great at something. If you’ve chosen to prioritize your relationship with your kids over a clean house, then you need to be okay with letting other people see the mess. If you’ve prioritized physical activity over entertainment, you need to accept that other people are going to tease you for being ignorant of what’s going on in the world. If you’ve chosen to focus on your career versus maintaining every friendship you’ve ever had, you need to get over the pang of hurt when people stop inviting you out.

Tradeoffs aren’t always easy, which is probably why we try to avoid them.

Conclusion

If we think we can have it all, we’re more likely to end up with nothing. We can get much farther if we decide where to focus our energy and which areas to ignore. When we actively choose which tradeoffs we want to make, we can feel much better about it than when we’re forced to let things slide. We need to actively decide what we value the most.

Each of the myriad decisions we make on a daily basis carries an opportunity cost. If we don’t consider them, we easily end up stuck in situations where we’re forgoing things we’d rather prioritize. We end up lamenting what we’re missing out on against our will, unsure how this happened. But if we first consider the tradeoffs associated with the decisions we make, we can end up with far more satisfying choices.

PocketFacebookTwitterPrintFriendly.com

Post navigation

 

Vision 2030-50

https://en.wikipedia.org/wiki/PricewaterhouseCoopers

Data analysis[edit]

Due to its size PwC is able to contribute data analysis to a wide range of areas.

  • Calculation of the drone market size: PwC published a report stating that the world drone market will reach close to $127 billion by 2020, with Poland at the forefront of legislation for the commercial use of unmanned aerial vehicles.[44][45]
  • PwC coined the phrase E7 to describe the seven emerging economies with the company is predicting will take over today’s G7 nations by the year 2050. Those emerging nations include: China, Russia, India, Mexico, Indonesia, Turkey and Brazil.[46]
  • PwC assesses the risk premiums of countries, an important factor in analyzing the valuation of a business.[47][48]
  • The company analyzes pay parity, the comparative salaries for men versus women. In early 2017 PwC found in one study that it could take 24 years to close the gender pay gap.[49]
  • PwC publishes the Low Carbon Economy Index which tracks the extent to which the G20 countries are reducing carbon intensity, which is emissions linked to energy usage.[50][51][52][53]
  • The Economy of the Sea is a long-term analysis project of PwC Portugal. Launched ten years ago, Economy of the Sea is part of the HELM project to create an integrated approach to the successful and sustainable “blue economy.”[54][55]
  • PwC developed the Total Impact Measurement and Management (TIMM) framework designed to assist companies in carrying out impact studies which will help them put a value on all a company’s activities, products or services. Mervyn King, Chairman of the International Integrated Reporting Council described it as “a huge step forward in assisting companies in thinking on an integrated basis and enabling them to do business in the 21st century. It also helps to change mindsets to take a holistic perspective and move towards Integrated Reporting.”[56][57]

Philippine Labor Market 2016-2025

Roles in demand data scientist, application development analyst, back end developer, full stack engineer, and sales development representative.

Source:https://www.opengovasia.com/emerging-jobs-in-the-philippines-require-employees-with-hybrid-skills/

While the top emerging jobs in the country are mostly related to technology, many of them require soft skills such as management and communications skills, making them hybrids of new and traditional roles.

Start-ups in fintech, agriculture, retail and engineering, among others, require tech expertise to help them build innovative products that will solve local market problems and make the lives of the people better.

 

 

Social Media, Internet and the Brain

Source:https://en.wikipedia.org/wiki/Psychological_effects_of_Internet_use

Assertions

American writer Nicholas Carr asserts that Internet use reduces the deep thinking that leads to true creativity. He also says that hyperlinks and overstimulation means that the brain must give most of its attention to short-term decisions. Carr also states that the vast availability of information on the World Wide Web overwhelms the brain and hurts long-term memory. He says that the availability of stimuli leads to a very large cognitive load, which makes it difficult to remember anything.[2][3]