naomirovnick.bsky.social
Markets correspondent, Thomson Reuters. Free school meals kid, FT diaspora, SEND parent.
145 posts
985 followers
148 following
Regular Contributor
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So yes this sharing planning my notes with pre teen system is going well…read to the bottom and I’m sure you’ll agree 🙈
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Now I also agree that non-means tested PIP can be quite lavish. I don't get this and have never applied. I am not convinced a banker's child with a private ASD diagnosis needs DLA. But disability benefits that cover the extra financial cost of being in work (or study) definitely earn their keep.
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The market thinks disability benefit keeps us sat on the sofa watching Jeremy Kyle all day and that we're all basically the cast of Shameless. Mine gets me to work and back. I paid GBP 2300 tax this month and I buy things.
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We must protect their tithes. Have we learned nothing from failing to reintroduce the corn laws?
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‘Vladimir says he’s sorry you felt upset by what happened after you started this conflict. Can you try to be less hysterical and stop over-reacting?’
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Employees learn to game this. They hold performance back at baseline to set themselves up to then hit role-appropriate goals, get a high progress rating and the biggest bonus. Luckily I work in a field this doesn't apply to, but I'm hearing of it across finance, law and government. Needs a reset.
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But possibly you can't do that without the star saying 'I need to go up to the next band if I'm going to take on all this extra responsibility.' And maybe you can't promote them because budget doesn't allow. So you give them an average rating, which lowers your progress score as a manager.
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You hire a star. They come in at baseline excellent and continue to be excellent. But your progress is judged on your team's progress. You have to set 'stretch' goals that they meet. What do you do with the stars? Temptation is to set wildly high goals that surpass reasonable output for their role.
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Their report card rating says 'expected progress.' But some of their friends got 'above expected.' So they think they did less well than their friend, even though they got top marks. This happens in workplaces too, and it is a problem for managers and their top performers. Here's how that works...
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(The boy popped up on my LinkedIn once. I congratulated him on his 20 year anniversary at the high end estate agency. This was fun.)
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Oh buy the dip and up again I'm sure. These are Chumbawamba markets. They get knocked down and they get up again...
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Am I posting this on social media to try and get some dopamine-boosting likes? Yep. We're all hooked to some degree.
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Funnily enough, most 'ESG' funds are just loaded up on big tech. Lawsuits claim social media groups intentionally write code to hijack kids' dopamine receptors, making and keeping them addicted. If true, ESG has a problem.
There's loads of these suits:
www.robertkinglawfirm.com/personal-inj...
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Short term options traders don't see the bond market chilling out. Now this is important because the 10y yield is the cost of 'money' and when money's not cheap, its less tempting to chase that next leg up in Nvidia: www.reuters.com/markets/rate...
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Of course all market trends start early in the seemingly boring bond markets. And the bond markets are very, very unsure about the Trump trade. Keep watching the 10y US Treasury yield for clues.
www.reuters.com/markets/rate...
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The bargain hunting for Not-Trump stocks started just after the Nov election, in fact. I wonder how much juice is left in this, given the smart money moved early.
www.reuters.com/markets/us/i...
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We also tipped the European 'recovery' trade way back in December, ahead of Trump's inauguration. Folk are quietly scrambling to buy things that just aren't, well, American.
www.reuters.com/markets/euro...
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We called the rush back into European stocks (Anything but Trump) a few weeks back. Its a dash for trash, probably, but it does make sense. Random Belgian utilities stocks, or whatever, are out of the line of fire.
www.reuters.com/markets/euro...
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This is such an inspirational story about what can be achieved in a true meritocracy.
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This is the modern content-consuming brain. It’s been plunged into a distracted, dopamine-seeking abyss. It needs wilder, weirder more shareable ‘news’ to stay engaged. It’s how Trump got to dominate the news and why the news industry perpetuates that, for clicks. www.theguardian.com/global/2021/...
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I still do long form but I have to think how to package it so the headline serves up dopamine, in the hope that readers at least give it a click. Many do but rly not sure how many read to the end.
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The future of mainstream journalism has to be infinite-scroll, short-form content. It’s why Mail Online has 100k paid subscribers. Live blogs heavy on multimedia will always work. Clickbait news is failing because pop-up ads disturb the scroll/neural flow state even Gen X needs now.
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That's 1000 PRs per day billing clients for contacting you, Jim.
It helps economic growth, or something.