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Showing posts from December, 2022

How Nauru squandered its staggering fortune and ended up bankrupt

N ot too long ago, the once idyllic nation of Nauru was actually the world’s wealthiest – before its staggering and surprising fortune was squandered, leaving the republic essentially bankrupt. Phosphate – a valuable substance commonly used in fertiliser – was first discovered on Nauru around 1900, when it was under German rule. It didn’t take long before the resource was “exploited” by the Pacific Phosphate Company and then the British Phosphate Commission after World War 1, when it was administered by Australia, New Zealand and the United Kingdom. According to the Australian National University’s Dr Stewart Firth – an expert in the Pacific region – phosphate was dug up and “spread across fields in Australia and New Zealand” in a “very exploitative arrangement” which barely benefited locals. Then, in 1968, Nauru – which is just 20.98 km² and located 4000km northeast of Sydney – gained independence, meaning it had control over its resources for the first time. Dr Firth said what happen...

Man buys cruise ship apartment because it's less than renting and he can see the world

  Watch:   https://www.dailymotion.com/video/x8gkkeu Living the rest of your life on a cruise ship seems like the dream of the ultra-rich. You wake up every morning and have an all-you-can-eat breakfast. Spend the afternoon hanging out by the pool or touring a fantastic city such as Rome or Dubrovnik. At night, have a drink in the lounge watching a comedian or a jazz band, then  hit the sack  and do it all over again the next day. Seems too good to be true for the average person, right? Think again. Twenty-eight-year-old Austin Wells of San Diego told CNBC that he can make it happen because it’s cheaper than living  onshore  in Southern California and he gets to see the world. “The thing that most excites me is I don’t have to  upend  my daily routine, in order to go see the world,” Wells told CNBC. “I’m going from this model where you want to go somewhere, you pack a bag, you get on a flight, you rent a room, to now my condo, my gym, my doct...

Psychologist explains how Argentina’s Martinez played mind games during penalty shoot-out against France

  Watch : https://www.youtube.com/watch?v=WRSxy1KgPTY Psychologist Geir Jordet has spent the last five years of his life viewing video of every penalty shootout from every significant international men's competition during the last 50 years. In order to understand how the teachings from a soccer pitch in Qatar applied to every field of employment, his objective was to study as much as he could about the complexity of performing under pressure. Here comes his analysis of Argentine goalkeeper Emiliano Martínez’s strategy during the critical penalty shoot-out in the FIFA World Cup 2022 final. Emi Martinez established the tone and grabbed control of the penalty area right away. Hugo Lloris, the captain of France, successfully executed the coin toss while Martinez hurriedly approached the penalty area and awaited Lloris' arrival as if he were receiving a guest at his own house. Martinez started a handshake as Lloris arrived. With Mbappé, he followed suit . Martinez's initial war...

Saudi Arabia plans to build six-runway airport

  Saudi Arabia has announced a plan to build a huge airport. Crown Prince Mohammed bin Salman told journalists about the plan on Monday. He said his country would transform Saudi's current Riyadh airport into a world-beating six-runway hub. He said the airport would be able to accept up to 120 million travellers by 2030. He added that the airport would change travel in the region. It would be the world's fifth largest logistics hub. The new airport would also boost Saudi Arabia's economy. Another ambitious plan is the creation of a second national airline Riyadh International Airlines (RIA). This will compete with regional rivals Qatar Airways and the UAE carrier Emirates. The Saudi Press Agency (SPA) said the new King Salman International Airport would stretch over 57 square kilometres. It will include the current King Khaled Airport. An SPA official said: "The airport project is part of Saudi Arabia's vision to transform Riyadh to be among the top ten city econ...