56 Comments

"42% of business enterprises in Russia are experiencing a shortage of workers[...]"

Something like that is happening here in Vermont. Many businesses have shortened hours, there are very long waiting lists for appointments at everything from auto mechanics to courthouses, and "help wanted" signs are everywhere. Something happened in the last couple of years to cause this, and I just can't imagine what it might be! I'm baffled! I know this sounds like a crazy idea, but maybe the same baffling cause is afflicting Russia, too.

Expand full comment
Aug 13, 2023Liked by Edward Slavsquat

Julius Zeyer Monument, Prague, Czech Republic.

Expand full comment
Aug 13, 2023Liked by Edward Slavsquat

If it helps : take a pic --> go to Google Images and paste this pic --> unless you are searching a private photo of someone's uncle Rudolph (the red nosed drinker) showing off his 5 tooth smile, google should be able to identify it.

Soak up the weekend sun everyone before Eris variant gets us, DO drink and drive while you can

Expand full comment
Aug 13, 2023Liked by Edward Slavsquat

Just watched the interview on V.O.X. NEWS, recommended to everyone.

Expand full comment
Aug 13, 2023Liked by Edward Slavsquat

I loved the VOX interview. So concise and captivating. Thank you, Mr. Waggaman, for not being a bombastic prick.

Expand full comment

The IMF making strides in China:

IMF approved as qualified foreign institutional investor; China's medium- and long-term growth prospects recognized

"The IMF was approved for the qualified foreign institutional investor (QFII) status by China Securities Regulatory Commission (CSRC), after it was approved for Renminbi Qualified Foreign Institutional Investors (RQFII) in 2019, domestic media outlet cnstock.com reported on Friday.

The QFII/RQFII system is one of the most important systems for the liberalization of China's financial market. Overseas institutions, including the IMF, have accelerated their applications for QFII and RQFII, which indicates that overseas investors, especially long-term investment funds, recognize China's medium- and long-term development prospects, experts said.

The IMF investment funds that obtained the qualification of QFII are responsible for reserve assets investment. Upon obtaining the new QFII status, the IMF plans to transfer long-term investment assets through the Stock Connect to the QFII/RQFII mechanism, according to the Xinhua News Agency."

https://www.globaltimes.cn/page/202308/1296113.shtml

And so is McDonald's (and technocracy):

"McDonald's China said it is on track to open a total of 10,000 stores by 2028, propelled by deeper localization in its expansion, digitalization and supply chains, said its top executive.

On the sixth anniversary of McDonald's China's partnership with CITIC Ltd, CITIC Capital Partners and The Carlyle Group, with McDonald's maintaining 20 percent of the Chinese unit, the company has thrived with store numbers doubling, covering more lower-tier cities, offering wider digital services and creating more local delicacies to better serve Chinese consumers, McDonald's China said.

Phyllis Cheung, CEO of McDonald's China, said in an interview with China Daily that the company has more than doubled its 2,000 outlets in five years to over 5,400 restaurants currently. This year alone, the firm will open more than 900 new stores.

"The company has invented new store formats including the M2go shops, which offer contactless pickup lockers just by scanning a code. The format is designed to fit face-paced lifestyles in urban China, where more than 70 percent of our business is delivery and takeaways," Cheung said.

McDonald's China said that thanks to digitalization, developed and operated entirely by its China team of about 200 engineers, nine out of 10 orders are placed from digital devices — 80 percent from mobile phones and 10 percent from restaurant ordering screens. "It means that only 10 percent of our orders are placed face-to-face," said Cheung. Its mobile application, with more than 260 million registered members, is rated 4.9 out of 5 points."

https://global.chinadaily.com.cn/a/202308/09/WS64d2df4da31035260b81b0a4.html

Expand full comment

Thanks as usual, Riley.

Well, since we're graciously offered the chance, I'll seize the opportunity for a little bit of self promotion. Here's my last Substack post including several thoughts from a bored traveller:

https://freelander.substack.com/p/manko-you-punky-and-the-mannequins

Expand full comment
Aug 14, 2023Liked by Edward Slavsquat

I just finished watching your interview with Cecílie Jílková and I admire your measured, positive approach to Russian politics. However I cannot see how present day Russia could suddenly take a real decisive turn in the right direction since, as everywhere in the West, there is so much corruption and thuggery and incompetence at the highest levels and therefore certainly no tolerance for any real opposition. It's too late for that, I'm afraid.

Expand full comment
Aug 13, 2023Liked by Edward Slavsquat

All those wondrous sights, Riley, and I hope you're having a relaxing weekend. Thanks for the links.

Expand full comment

"42% of business enterprises in Russia are experiencing a shortage of workers, according to a new survey—the largest recorded labor shortage since 1996."

What a mystery, perhaps it's caused by the "Not War" resulting in either a mass exodus or conscription of the labor force and then of course there's the "clot shot" another important factor which can't be ignored when analyzing a dramatic workforce decline.🤔

Expand full comment
Aug 14, 2023·edited Aug 14, 2023Liked by Edward Slavsquat

"Universities in Moscow and St. Petersburg increased tuition fees by an average of 12% in 2023 [Vedomosti]". YAY!! Time to start the student loans scam, my dear Russian oligarchs! It worked so well in the US.

Riley, what's with the Russian educational system? I couldn't believe this guy, a member of the Duma, would say this: https://web.archive.org/web/20210922145733/https://business-magazine.online/fn_53098.html The original article got wiped out, but thanks the web archive... Here's the original link: https://business-magazine.online/fn_53098.html (404 Ошибка)

Expand full comment
Aug 13, 2023Liked by Edward Slavsquat

Hope that busybody bureaucrat doesn't get his way. Chicory is godawful stuff. We have a chicory coffee substitute here in South Africa called Frisco, which one must avoid at all costs. We also have a "boere" (farmer) coffee called "moer koffie". "Moer" is a wonderful word meaning something between "murder" and "mess up". As in "Ek gaan jou moer", or "I'm going to murder/mess you up". A very satisfying phrase when feeling disgruntled with someone.

Expand full comment
Aug 13, 2023Liked by Edward Slavsquat

Monument to Julius Zeyer, 1841-1901, Czech writer, playwright and Romantic poet, 1931, by Josef Mauder, in Chotkovy Sady or the Chotek Gardens, Prague, Czezch Republic.

67,943 rain drops.

Did I win?

Expand full comment

Just another day on an Odessa beach in 2023. How is this possible in a war that supposedly has claimed hundreds of thousands of lives ? Please note all the men lounging around and not afraid of being drafted forcibly.

https://gab.com/system/media_attachments/files/145/224/086/playable/6c002868cc609eb1.mp4

Expand full comment

" Iran and Russia plan to jointly build and repair aircraft and helicopters [Rhythm of Eurasia] "

The weapons embargo against Iran expired in 2020, however, yet Iran has yet to receive any major, modern weapons from Russia or China. Very telling.

Expand full comment

Shill your URLs eh? Well I just published a post about racism in the Czech Republic:

https://alipmcg.substack.com/p/theres-racism-and-then-theres-racism

Expand full comment