The Most Internet-Addicted Countries | Populists & Poor People | Backlash Against Billionaires

SEASONED NUTS: QUOTABLE

 

“Appear weak when you are strong, and strong when you are weak.”

“Victorious warriors win first and then go to war, while defeated warriors go to war first and then seek to win”

“There is no instance of a nation benefitting from prolonged warfare.”

– Sun Tzu, The Art of War

 
 
 

IN A NUTSHELL: MUST READ

 

The Internet Is Still Young: A new report of online habits shows that Southeast Asia is one of the most internet-addicted regions on the planet. At the head of the top five list is the Philippines, whose users average 10 hours and 2 minutes of screen time every day. Thailand and Indonesia are also in the top five. Brazil and Colombia rank second and fourth, respectively. Japan is at the other end of the spectrum; users there spent the least amount of time online, with a daily average of 3 hours and 45 minutes. India experienced the biggest jump in internet usage last year. The South Asian nation added almost 100 million users, nearly doubling the same growth in China. Internet penetration in India is now at 41 percent.

The report also reveals that 57 percent of the global population is now connected to the internet, with users spending an average of 6.5 hours online daily. According to the report’s author, Simon Kemp: “The big story in this year’s data is the accelerating growth in internet users. More than 360 million people came online for the first time in 2018, at an average rate of more than one million new users every day.” Kemp calculates that the “world’s digital community will spend a combined total of more than 1.2bn years using the internet in 2019.” Additional read: U.K. Doctors Call for Caution in Children’s Use of Screens and Social Media (NYT, $)

 
 
 

MIXED NUTS: QUICK TAKES ON WORLD NEWS

 

The Tortoise And The Hare But We All Lose: Now that President Trump has said he’s taking America out of the Intermediate-Range Nuclear Forces Treaty (INF), there is speculation, and trepidation, that it could usher in a new arms race with Russia. President Putin even said Russia would mirror the US moves and suspend its own obligations under the pact. Bellicose rhetoric aside, harsh economic reality could well force Putin to keep things pretty much the way they are. His ratings are down; he needs to preserve state funds to hedge against new Western sanctions and raise living standards. He really cannot afford to get sucked into a costly nuclear arms race with the US. That could be why he said Moscow would not be deploying new land-based missiles in Europe or elsewhere unless Washington did so first. (Reuters)

First Navka Tower, Next Navka Steaks: Being a friend or associate of Russian President Vladimir Putin is very lucrative. Putin’s press secretary Dmitry Peskov and his wife Tatiana Navka, an ice dancer who won a gold medal in the 2006 Winter Olympics, lead an extraordinarily affluent lifestyle. Navka, who married Peskov in a 2015 celebrity wedding, has accumulated a real estate empire worth well over $10 million and is designing a riverside palace on an exclusive Moscow estate. The project is being overseen by a Russian tycoon who, documents show, has previously done business with Donald Trump. (Guardian)

Additional reads:

al-Baghdadi Has Flown The Coup: Intelligence officials believe the ISIS leader Abu Bakr al-Baghdadi survived a coup attempt last month launched by foreign fighters in his eastern Syrian hideout, and that he now has a bounty on his head. It is thought the incident took place January 10 in a village in the Euphrates River Valley where the jihadist group is clinging to its last little bit of land. Apparently a planned move against Baghdadi lead to a firefight between the perpetrators and the fugitive terrorist chief’s bodyguards, who managed to rush him away into nearby deserts. (Guardian)

Additional world news:

 
 
 

NUTS AND BOLTS: SHOULD READ

 

The Yellow Vests Are A Warning Sign Of What’s To Come Down The Road: In recent months Italy’s two far-right deputy prime ministers, Luigi Di Maio and Matteo Salvini, have criticized French President Emmanuel Macron on a host of hot-button issues from immigration to the gilets jaunes (yellow vest) anti-government demonstrations. After Maio met with gilets jaunes leaders this week and declared a “new Europe is being born of the yellow vests” Macron saw red. He said the comments were unacceptable “provocation” and immediately recalled France’s ambassador to Italy.

Salvini initially seemed contrite, saying Rome didn’t want a fallout with Paris, and suggesting the two leaders meet to iron out their differences. Unfortunately that conciliatory gesture was followed by insistence that Macron address three issues first: make French police stop pushing migrants back into Italy, end lengthy border checks blocking traffic, and hand over some 15 Italian leftist militants granted asylum in France in recent decades. With the European Parliament’s elections coming up at the end of May, France’s Minister for European Affairs, Nathalie Loiseau, just wants everybody to mind their own country’s business and play nice with their neighbors.

 
 
 

NUTS IN AMERICA

 

With Loan Sharks Circling, The CFPB Spills Some Blood In The Water: The Consumer Financial Protection Bureau (CFPB) was created in 2011 to protect consumers from predatory lending practices and losses like those suffered in the Great Recession. Its first director, Richard Cordray, took aggressive steps to regulate banks and other financial institutions, and prior to President Trump taking office, the CFPB had returned almost 12 billion dollars to consumers. In 2017 Trump picked Mick Mulvaney to head the agency. As a congressman, Mulvaney had proposed a bill to abolish it, and under his leadership the agency began limiting its oversight of the industry. A rule that would have protected the most vulnerable borrowers from the ballooning debt that can accrue with payday loans was due to be implemented beginning in January 2018, but Mulvaney delayed it. Now the agency’s current chief, Kathy Kraninger, has announced the rule is being scrapped for good. (NPR) Exhibit A: When populists turn on protecting poor people.

Additional news from the U.S.A.

 
 
 

LOOSE NUTS: WEEKEND READS

 

Parenting the Next Generation

Backlash Against Billionaires

Thinking Before Eating

 
 
 

LAST MORSELS

 

“The greatest victory is that which requires no battle.”

“Opportunities multiply as they are seized.”

– Sun Tzu, The Art of War

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