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The Making of Taiwan 2.0 And What African Leaders Must Learn

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Everywhere is HOT – Israel/Palestine, China/Taiwan, Russia/Ukraine, and the regulars with failing states and failed states. Yes, if you look deeper, one thing is evident: prosperity in an absolute economic sense may not bring peace in this world. I would not have imagined that China would do live military drills around Taiwan, even as I remain flummoxed on the real purpose of US House speaker Nancy Pelosi’s mission in Taiwan. 

China does not like the visit: “a severe impact on the political foundation of China-U.S. relations, seriously infringed upon China’s sovereignty and (territorial) integrity and … undermines peace and stability across the Taiwan Straits.” And China is cutting many bilateral relationships with the US. In ancestral Africa, when leaders of two kingdoms stopped talking, unease would envelop the subjects.  Why? Silence during war is the loudest noise possible! The world is not better when the US and China are not speaking with each other. 

Top Chinese military officials have not returned multiple calls from their American counterparts this week as a crisis erupted in the Pacific over House Speaker Nancy Pelosi’s visit to Taiwan, according to three people with knowledge of the attempts.

Beijing’s ghosting of Defense Secretary Lloyd Austin and Joint Chiefs Chair Gen. Mark Milley comes as China continues launching missiles and positioning warships and aircraft in unprecedented military drills around Taiwan. Officials and experts say China’s silence is a shortsighted and reckless move that increases the risk of escalation in an already tense situation.

On that trip, what is the cost-to-benefit analysis for the Taiwanese people who could be under ruins if China miscalculates? As you look deeper, you will notice that humans are unique: our stable state is confusion and confrontation.

This brings me to a suspicion: Africa’s mess may not be that we’re not a rich continent but rather, our paralysis is a designed state to balance the metastasis of the global confusion. Indeed, only fools will allow superpowers to stimulate them into crazy decisions. Ukraine wants to join NATO; now, it is under ruins. Taiwan hosts a special visitor for two days; now, it has given China valid reasons (real, perceived, justified or otherwise) to cause confusions in its lands.

Across all indicators, it is now Taiwan 2.0 even as Madam Speaker will be in her house tasting a  new meal from McDonalds. If China stops sending silica to Taiwan’s TSMC, the economy of Taiwan will be rattled and its global importance will fade. 

African leaders must be strategic to ensure we do not ignorantly stimulate avoidable confrontations, scoring unnecessary own-goals!

 China cut off contacts with the United States on vital issues Friday — including military matters and crucial climate cooperation — as concerns rose that the Communist government’s hostile reaction to House Speaker Nancy Pelosi’s Taiwan visit could signal a lasting, more aggressive approach toward its U.S. rival and the self-ruled island.

China’s move to freeze key lines of communication compounded the worsening of relations from Pelosi’s visit and from the Chinese response with military exercises off Taiwan, including firing missiles that splashed down in surrounding waters.

After the White House summoned China’s ambassador, Qin Gang, late Thursday to protest the military exercises, White House spokesman John Kirby on Friday condemned the decision to end important dialogue with the United States as “irresponsible.”

The White House spokesman blasted China’s “provocative” actions since Pelosi’s trip to Taiwan, which China claims as part of its territory. But Kirby noted that some channels of communication remain open between military officials in the two countries. He repeated daily assurances that the U.S. had not changed its policy toward the Communist mainland and the self-ruled island.

A Key Global Company On The Path of US and China Battle for Supremacy

Tobi Amusan Qualifies for Finals at the 2022 Commonwealth Games

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Nigerians look forward to an extension of record as Tobi Amusan qualified to the finals of the women’s 100m Hurdles at the ongoing 2022 Commonwealth Games with yet another brilliant performance which clocked 12.40s.

The defending champion from the 2018 Commonwealth Games which was held in Gold coast, Australia will on Sunday race to maintain her title at the Alexander Arena, Birmingham.

Amusan had left Oregon for Birmingham shortly after winning a gold medal at the women’s 100m hurdles final at the 2022 World Athletics Championship which made her the first ever Nigerian Athlete in history to win a world title at the World Athletics Championships.

Tobi Amusan has been recently dubbed the trailblazer after her sensational record at Eugene, Oregon was immediately followed by back-to-back success stories of other Nigerian athletes performing in their respective fields. Her victory was such a morale booster for many other athletes.

On Sunday, hundreds of thousands of Nigerians will hope to witness an extension of  record by the graceful athlete and Nigerian pride at the Alexander Arena, Birmingham.

Trends and Pattern Heralding the Great Global Stagflation

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Since the Covid19 pandemic outbreak, the global economy has been agitated and shaped by an array of social, socioeconomic and political forces which require an ability to quickly adapt to the new normal. Following the global supply chain disruption which brought about operational frictions and monetary loss of most businesses that had yet to fully integrate digital technology, the great labour attrition which became rampant at least in greater parts of the United States and some parts of Europe stemmed from an attitudinal change to work due to a short period of remote working. The ensuing campaign of the hybrid work rule is a way of gradually adjusting to the new normal.

In early 2021 when the world had barely begun to recover from the Covid shock, a sharp increase in global demand for food and non-food items met with shortages due to the global supply chain that was still reviving slowly. Consequently, food price and general price inflation increased considerably later in the year while unemployment remained high in many parts of the world.

Thus, in June 2022, the World Bank slashed its global economic growth forecast to 2.9 percent from 5.7 in 2021, warning that the world economy is vulnerable to a period of intense stagflation reminiscent of the 1970s.

Stagflation which stems from the fusion of two words, “stagnation” and “inflation” is defined as an economic state where there is fixation in growth level due to increasing unemployment and inflation. The term was coined by Iain Macleod, a British politician, in 1965.

Earlier, the concept had been challenged by many economists who had doubted that unemployment and inflation could coexist since both are mutually exclusive — for instance, price levels are usually driven by an economy’s level of demand, and unemployment generally falls when demand booms. However, certain events later emanated in the US economy in the 1970s that underscored the possibility of Stagflation.

According to historical accounts by analysts, in 1971, President Richard Nixon’s aggressive position to the US balance of payment pressure by taking the US off the gold standard allowed the value to float. This led to the subsequent fall of the US Dollars and aggravated inflationary pressures locally. In 1973, the placement of embargo on the US and other nations that supported Israel in the Yom Kippur war by the Arab members of the OPEC led to a surge in oil prices. Due to supply shock, the US businesses passed along those costs and went out of production which led to inflation by making goods scarcer while unemployment also increased. Also, the US Federal Reserve’s decision to raise interest rates led to a spike in the misery index from 19.9 percent in 1975 to 22 percent in 1980.

The ongoing Russian-Ukrainian war has really aggravated fears of impending stagflation globally. Russia’s invasion of the Ukrainian’s territory has triggered a global shortage in cereal and gas supply and consequently, higher food and energy prices worldwide. Analysts have also linked the increase in price of bread, wheat and cereals amidst double digit inflation reported in Nigeria to this territorial warfare between Russia and Ukraine. The war was said to have compounded the Covid pandemic induced damage to the global economy which according to the World Bank may be a “protracted feeble growth and elevated inflation”.

The increasing global inflation accounts for a mass layoff across industries. In another Tekedia’s article, it was reported that as of July 2022, more than 30,000 tech workers were laid off by big tech companies including Microsoft, Tesla, Twitter as well as Fintech and Crypto-exchange platforms due to increasing inflation and decrease in users of those platforms.

Many Governments across economies had begun to increase interest rates to address the skyrocketing global inflation. Analysts noted that the decision by fed and the Bank of England to begin aggressive interest rate hikes and by the European Central Bank to prepare to raise interest also added to the Stagflation worries. Many believed that the odds of Stagflation were higher in the European Union and the United Kingdom than in the United States where economic recovery from the pandemic had been stronger.

Tekedia Business – Enterprise-wide Training – Launches Aug 8th. Upskill your workforce.

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From Monday, Aug 8th, your team does not need to come to school.tekedia.com for access to our industry-curated world-class courseware. Simply, we will offer you an API to integrate our specific courses in your organization portal. Tekedia Business makes it possible for you to pay for a license, and your entire workforce will have access to our enterprise-learning courseware. You want it at Tekedia or your portal, you decide.

As we do this, we remain central to our African nativity of entrepreneurial capitalism where our cases are locally relevant even as we introduce our learners to the global markets. We have served banks, insurance firms, MNCs, startups, etc who want their teams to understand Africa.

Ask your HR partners, consultants, software vendors, etc to add Tekedia Business as part of their deliveries. You need our courseware besides those from Australia, UK, and USA. Or simply, reach out here. Be the next, and advance the corporate mission.

  • Ndubuisi Ekekwe
  • Professor and Lead Faculty
  • Tekedia Institute

6 Fun Ways To Meet Someone New And Kickstart Your Summer Adventure

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Summer’s here and before you know it, it’ll be over again. After two years’ worth of lockdowns, self-isolation, and fear, the COVID-19 pandemic is mostly over. A large percentage of the U.S. population is vaccinated and cases are dropping. Because you won’t have to socially distance and lock yourself away this summer, it’s the perfect time for an adventure. But who wants to go on an adventure alone? The best way to have a summer adventure is with a friend or even a romantic partner. If you don’t have someone to go with, then this post’s got you covered.

Here’s how you can meet someone new and kickstart your summer adventure:

Dating Sites

Casual sex and adult dating sites are by far the best place to meet new people in today’s digital landscape. The best thing about these sites is that they are incredibly impersonal, meaning that even if you have confidence issues you are able to introduce yourself to people and paint yourself in a good light. If you are going to use an online dating site, then you can click here to learn more about the whole online dating game. The folks from Philadelphia Weekly recommend finding the one that’s right for you. The internet is certainly not short on dating sites, which is why it’s a good idea to do a little research, read a few guides, and find a site like BBW escorts that has all of the features desirable to you.

Social Media

Social media is second only to online dating sites. The downside to using social media to meet new people is that it’s not as impersonal as a dating site is, because more often than not the people that you communicate with are going to already know you in some capacity. If they don’t know you then it’s highly likely you will at least have mutual friends with them, who they can ask about you. Social media approaches should be done delicately, subtly, and maturely. Never tell lies about yourself either, because it’s very easy for people to find out whether or not you are misleading them nowadays.

Joining Clubs

You can join a club to make new friends and meet new people, although it is worth noting that joining a club certainly isn’t as effective as social media and dating sites are. The main reason for this is that by joining a club, you have to express an interest in the thing that the club’s centered around first. If you do not have an interest in whatever this is, then the club won’t allow you to join. Bear this in mind before you apply to join any clubs so that you can meet people.

Friendly Introductions

You could ask your friends to introduce you to any potential romantic partners that they think would be a suitable match for you. A lot of people overlook the efficacy of asking their friends to set them up, mainly because of the anxiety and apprehension that’s inevitable when it comes to blind dates. Make sure that you tell your friend exactly the kind of person that you would be interested in starting a relationship with so that they can find a person who’s suitable for you and fits your requested criteria.

Introducing Yourself

Introducing yourself to people that you are interested in is also a good idea. A lot of people have crushes and romantic interests but never chase them, because they are worried about being rejected. You shouldn’t care about rejection and you certainly shouldn’t let it stand in the way of your happiness. If a person does reject you, then you move on and forget about it. If it’s a person you see often, then it will be a little awkward for a while but will eventually fade away and both of you will forget about it. You need to be assertive and confident if you want to find a romantic partner.

Cold Approaches

Lastly, if you see anybody on the street who you are interested in, then go ahead and cold approach them. If you are going to cold approach people then you need to be as polite and confident as possible. A woman or man won’t want to talk to you if you appear nervous and are rude to them. You also need to read people’s signals. If the person you have approached appears nervous or disinterested, disengage and move away from them. Some people don’t like being stopped on the street and spoken to.

If you want to kickstart your summer adventure, then why not do it by meeting new people and starting a romantic relationship? Making new connections isn’t difficult, thanks to the internet. You could even consider starting a relationship with somebody internationally and then flying out to see them—now that’s an adventure.