Here is another post with five Best of Web links I have found and deemed worthy to share with you: How the great resignation is changing our lives, Sam Ro goes independent and writes this great post about the 10 stock market truths, how a journalist escaped from Kabul, it is really never too late to change your life and reinvent yourself, hopefully for the better lol and we close with the winners of the 2021 Wildlife Photography contest. I will see you later this week I think.
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The Best of Web posts are much shorter in length with material that is a notch or two above what you see in the regular TBB posts.
Sometimes you can pull up the pay-walled article using Archive.is site.
Click on the headline for the link!
The Great Resignation Is Accelerating
A lasting effect of this pandemic will be a revolution in worker expectations.
Archived link. There is no doubt that the pandemic changed, well, everything. We are seeing some disruptions/changes in so many aspects of how we live. The labor shortages, supply chain problems, real inflationary pressures and all this will take some time to resolve imho. As long as we don’t get hit by another deadly variant I think we should be fine. I think I can manage not having my coffee at Starbucks when I wanted it as one day last week I went there and it was closed due to “staffing shortage”.
I had a few clients retire this year because, well, they can and why the hell not? And if you can not find a better job these days you are likely not trying hard enough. So there is a lot going on in the bigger picture and workers in the lower end of the pay scale are finally getting paid more and some undoubtedly are content with the government handouts. It will take a while to find that balance again so be kind out there okay?
“Quits,” as the Bureau of Labor Statistics calls them, are rising in almost every industry. For those in leisure and hospitality, especially, the workplace must feel like one giant revolving door. Nearly 7 percent of employees in the “accommodations and food services” sector left their job in August. That means one in 14 hotel clerks, restaurant servers, and barbacks said sayonara in a single month. Thanks to several pandemic-relief checks, a rent moratorium, and student-loan forgiveness, everybody, particularly if they are young and have a low income, has more freedom to quit jobs they hate and hop to something else…quitting is a concept typically associated with losers and loafers. But this level of quitting is really an expression of optimism that says, We can do better.
But, you know, this is not all negative!
For decades, many measures of U.S. entrepreneurship declined. But business formation has surged since the beginning of the pandemic, and the largest category by far is e-commerce. This has coincided with an uptick in moves, especially to the suburbs of large metropolitan areas. Several major companies, such as Twitter, have announced permanent work-from-home policies, while others, such as Tesla, have moved their headquarters. Several years ago, I wrote that America had lost its “mojo,” because its citizens were less likely to switch jobs, move to another state, or create new companies than they were 30 (or 100) years ago. Well, so much for all that. America’s mojo is back, baby (yeah), and it may lead to a better-job revolution that outlasts the temporary measures, such as unemployment super-benefits and rent protection, that have nourished it.
Look at what we have instead: a great pushing-outward. Migration to the suburbs accelerated. More people are quitting their job to start something new. Before the pandemic, the office served for many as the last physical community left, especially as church attendance and association membership declined. But now even our office relationships are being dispersed. The Great Resignation is speeding up, and it’s created a centrifugal moment in American economic history.
10 Truths About The Stock Market
Sam Ro is one of the few financial writers I follow because, well, he is really good at it. And now he went independent with his own Substack newsletter. And this public post I am sharing here with you is fantastic. I will just headline the ten truths here, you go read it all.
1. The long game is undefeated
2. You can get smoked in the short-term
3. Don’t ever expect average
4. Stocks offer asymmetric upside
5. Earnings drive stock prices
6. Valuations won’t tell you much about next year
7. There will always be something to worry about
8. The most destabilizing risks are the ones people aren’t talking about
9. There’s a lot of turnover in the stock market
10. The stock market is and isn’t the economy
Staying could mean death. The escape nearly killed her. How one woman fled Afghanistan for freedom.
I guess the media moved on as I predicted in my blog. Nevertheless, the chaotic retreat from Afghanistan will stain Biden’s record for ever and rightly so. Anyway, as that country is on track for never ending suffering I found this account of an escape from it worthy of a Best of Web entry. Be gracious and welcoming to all the Afghani immigrants, they have been through so much hell and this post captures it all so vividly, “enjoy”.
It’s Never Too Late To Change
One of the reasons I started this blog almost nine years ago was to do my part to inspire readers. Because we can all change, hopefully for the better lol. Yesterday I ran the Detroit Half Marathon after almost a year beset with injury issues and I am now really believing I can do the Athens Greece full marathon next month. If you had told me I would be running marathons in my fifties I would think you are insane. And yet here I am. And if I can do something like that I am sure you can too. And this post captures this perfectly.
This illustrates just how powerful the mind can be. If you can change it, you can fundamentally change the course of your life.
This isn’t a flex, but a reminder that it’s never too late to change. It’s never too late to take a different path in life. If you want to do something else, you can. If you want to stop a bad habit, you can. If you want to build a new habit, you can.
Maybe you have been procrastinating on something that you know deep down you need to change. Maybe you haven’t had the courage to take the next step. But I’m telling you, that you can change whether you believe it or not.
Trust me. I did it. That doesn’t mean it will be easy. In fact, I still doubt whether I can change myself from time to time. I still doubt whether I can continue to progress in life. I still get that little voice in my head that says, “Maybe this is the best you are ever gonna do.”
But I have to fight back against that little voice almost every day. Thankfully, that fight has been getting easier. Because if I ever start to doubt myself, I can remember those that came before me and what they had to overcome to get here. I can think of my Papa. Because if he can quit smoking after 62 years, what’s my excuse? What’s yours?
I also quit smoking on December 31, 2001. It will be 20 years in a few months, wow!
The 2021 Wildlife Photographer Of The Year Winners
Enjoy this amazing photography.
DML says
Congrats on the run! That’s just wonderful. Hope you make the Greece race.
Thanks for the Sam Ro link!
Carl Pietrantonio says
Silver! FTPNW! (You know what I mean)
CONGRATULATIONS are fully in order!!!! Good job finishing the half marathon and I am certain you will do the same with the full Marathon in Athens!!!
Good stuff here again today to read, but mainly I am very happy for you, George!
Nick @ PFD says
Shoot, I was hoping to see your Mosquito Island trip report today. Oh well… congrats on the run though!
flyernick says
Congrats on the half marathon. After all the injury stuff you’ve been through, it’s a great achievement.
TBBTheDude says
Thanks a lot everyone. The Detroit half marathon was a training race for the Full marathon in Athens and now I feel very confident. Then again, I am only one trip or sudden move away from aggravating them bulging discs so I need to keep my excitement levels low lol. Only 27 minutes slower than my sub 2 hour personal record and that is perfectly okay at this stage of my life 🙂
Sadly, no Mosquito island trip reports here.
I have lots of material for the next post…whenever it comes, will try Wednesday. If not, Thursday.
The pain from the killing of the 100k CSP offers is already evident. Just two of them in early October and absolute silence since then…Blogging on is HARD and at least some supportive comments help the cause.
Let’s roll
ABC says
Well done!
Btw, Tesla moved to TX so Musk can reduce his taxes (compared to CA) when he executes on his stock options this year. Easy way to save 9 figures.
It’s amazing what nice things they say about you when you’re dead. Not sure I’ld want to be praised by Darth Vader. Former Vice President Cheney calls Powell: “A man who loved his country and served her long and well”.
I’ld love to hear the voices of ~ 1/2 million dead Iraqis. He’s part of a long list of disillusioned military “leader” who chose to not learn from their Vietnam experience. He’ll be remembered for his cowardness. Everyone knew he was lying. Mobile weapons lab. “Slam dunk”. I think this is a moment to remember how stupid our leaders can be and all the pointless wars.
TravelBloggerBuzz says
That UN “slam dunk” performance was unforgivable inho.
bob says
congrats george! the sun is back out in Athens, I need to buy me a ‘I survived storm ballos’ shirt. Some of the most intense storms I’ve ever experienced. Had a lightning strike the apartment building across the street at 430am. Went hiking today and the ground/dirt is surpisingly pretty much all dried out. Pretty impressive.
TravelBloggerBuzz says
Greece just installed a Minister for Climate Change affairs. They need it. Or maybe it was some move for another connected bureaucrat to make some dough…it happens a lot in Greece 🙂
I am afraid of the weather during the Marathon!
Ped says
Congratulations on the 20km run, well done!!
Cheers,
PedroNY
peachfront says
Congrats!!!!
rxgeek says
Congrats on the half marathon. My bumper sticker says “0.0 but good for you”.
TravelBloggerBuzz says
@ Ped @peachfront @rxgeek
Thank you. At this point doing 13.1 miles is really not a big deal to me…Doubling that in less than a month will be…a REAL test.
Today was rest day, so needed of course.
Andy Shuman says
“Doing 13.1 miles is really not a big deal to me.” Wow! You should put it on your Avatar. 🙂
Seriously George, congrats!
TBBTheDude says
Thank you…
The plan all along was to run 0.8 of each mile and then walk the last 0.2. I stuck with it and then I let it rip in the last mile without any walking at all because I felt good. I then proceeded to have 2 donuts, one pizza and a spinach pie for desert because I deserved it lol.
More training this week, 10 and 16 miles assignment this week, it is getting REAL. I am only a little trip or twitch away from going to be a spectator in Athens.
Bill says
Washington State football coach just got fired for failing to get vaccinated by the state deadline. Dude made $3.2 million but at least he’s got his principles?
I like the latest line these days from people about how the decision is between themselves and their doctor. I can only assumed their doctor is Dr. Johnny Fever
Sam says
Maybe Dr. Robert.
TBBTheDude says
I don’t get it…Some people are just way too selfish wow. Meanwhile, cases are increasing again big time in Greece and I am afraid it will interfere with my plans…talk about being selfish lol
Sam says
Buzz-
A report from the front lines. I flew Air France to Paris a few days ago. About 75% of the business class passengers were French, and about half of them just ignored masking. No reprimand from the crew that I saw.
Six months ago, I thought vaccines would help us flatten this thing in late 2021. Now I think we’ll be tossing it back and forth for, say, 3-5 more years. If we get lucky, it might die out. If we’re unlucky, a really tough variant will arrive and kill or at least hospitalize a bunch of us.
TBBTheDude says
I am not flying Air France then 🙂 Wow…yeah I feel exactly the same about the course of the pandemic now. Remember when in late 2019 there was a poll or something that the US was found the #1 country best prepared for a pandemic? Sad LOL. It is so disheartening we have screwed this up and continue….In the meantime, we all continue to soldier on and say phuck it, let’s roll….and I see why the 1918 pandemic lasted as long…Hopefully with our boosted vaccine shots when we catch it…it would not be as bad.
TBBTheDude says
I was going to post today, then I looked at the cc clicks have been silenced since earlier in the month with the last two and only CSP conversions this month. And with two $25 Paypal donations covering the Mailchimp monthly fee…I said naaaaah, see you tomorrow Thursday.
Also, on Champions League play, who shot the Sheriff LOL No more sneaking in 🙂