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Are You Guilty of Poor Onboarding? The Consequences Are Worse Than You Think. on August 2, 2023 at 7:00 pm Entrepreneur: Latest Articles

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The onboarding process has a profound effect on your employee satisfaction, retention and productivity. Harness these actionable strategies to optimize your onboarding process, ensuring a smooth transition for new hires.

​Hiring The onboarding process has a profound effect on your employee satisfaction, retention and productivity. Harness these actionable strategies to optimize your onboarding process, ensuring a smooth transition for new hires.  

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Saudi Arabia Says ‘Thank You, Next’ to the US Dollar

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Saudi Arabia is reportedly considering abandoning the US dollar for oil trade settlements, a move that could shake the foundations of the global financial system. For decades, the petrodollar system has propped up the dollar’s status as the world’s reserve currency, with Saudi Arabia insisting on dollar payments for its vast oil exports.

However, recent comments from Saudi officials hint at exploring alternatives to the dollar amid growing tensions with the US over various geopolitical issues and the rise of economic powerhouses like China.

Implications of a Petrodollar Shift

If Saudi Arabia abandons the petrodollar, the implications could be significant:

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1. Dollar Dominance Eroded: The dollar’s reserve currency status could weaken, potentially leading to a decline in its value.
2. Global Financial Instability: A sudden shift could trigger volatility in global markets as investors adjust portfolios.
3. Geopolitical Realignment: The move could signal Saudi alignment with China and challenge US economic hegemony.

Challenges and Uncertainties

While the prospect is significant, challenges remain:

1. Finding a suitable alternative currency with the dollar’s liquidity and stability.
2. Potential economic disruption for Saudi Arabia and trading partners.
3. Political backlash and strained relations with the US and allies.

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As the world watches, it remains uncertain whether Saudi Arabia’s comments signal a negotiating tactic or a profound shift in the global financial order.

 

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Are Babies the New Luxury Item?

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The declining birth rate is a global phenomenon, but Gen Z’s approach to parenthood is particularly striking. This generation, born between 1997 and 2012, appears to be grappling with the decision to have children in unprecedented ways, raising concerns about a potential “extinction by choice.”

One of the primary factors influencing Gen Z’s hesitancy towards reproduction is the escalating cost of living and financial burdens associated with raising children. According to a Newsweek survey, 53% of Gen Zers aged 18-24 expressed that they would consider having children if the financial burden were lessened. The staggering costs of childcare, education, and basic necessities have made the prospect of parenthood daunting for many young adults.

Like previous generations, Gen Zers are delaying parenthood, with many prioritizing education, career development, and financial stability before starting families. The average age of first-time mothers has risen from 24.9 years in 2000 to 27.1 years in 2020, reflecting this trend. Additionally, changing societal norms and a focus on personal freedom have contributed to a shift in priorities, with some Gen Zers opting for a childfree lifestyle.

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Gen Z’s heightened social awareness and concerns about global issues, such as climate change, political instability, and economic uncertainty, have also played a role in their decision-making process regarding parenthood. Many Gen Zers have expressed reservations about bringing children into an unstable world, further contributing to the declining birth rate.[2]

The lack of comprehensive family-friendly policies, such as affordable childcare, paid family leave, and workplace flexibility, has made it challenging for Gen Z mothers to balance work and family life. According to reports, Gen Z mothers are 2.5 times less likely than Millennial moms to have job flexibility and half as likely to have paid maternity leave.

While the declining birth rate among Gen Z is a complex issue with multiple contributing factors, addressing financial concerns, promoting work-life balance, and implementing family-friendly policies may help encourage sustainable population growth in the future. However, if the current trends persist, Gen Z’s hesitancy towards reproduction could have far-reaching implications for the future of societies and economies worldwide.

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Trump: ‘Made in USA’ Bitcoin”

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In a bid to court the crypto industry and its supporters, former President Donald Trump has declared his desire for all remaining Bitcoin to be mined within the United States, positioning the cryptocurrency as a defense against a potential central bank digital currency.

Meta description: Former President Donald Trump doubles down on his pro-crypto stance, calling for all remaining Bitcoin mining to occur in the US as he seeks to woo the industry’s voters ahead of the 2024 election.

Donald Trump, the presumptive 2024 Republican nominee, took his embrace of the cryptocurrency industry a step further on Wednesday, stating on Truth Social: “WE WANT ALL THE REMAINING BITCOIN TO BE MADE IN THE USA!!!!” He framed Bitcoin mining as a means for the US to achieve “energy dominance” and a “last line of defense” against a central bank digital currency (CBDC) from the Federal Reserve.

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Trump’s latest pro-crypto remarks come after he hosted a meeting with several Bitcoin mining executives at his Mar-a-Lago resort, including representatives from Riot Platforms, CleanSpark, and TeraWulf. The attendees discussed how Bitcoin mining could strengthen the electrical grid and create jobs, with Trump reportedly promising to support the sector if elected.

The former president’s stance marks a stark contrast with President Joe Biden’s administration, which has proposed a 30% electricity tax on Bitcoin miners and faced mounting pressure over the industry’s emissions and energy consumption. Trump has accused Biden of having a “hatred of Bitcoin” and suggested embracing crypto could benefit the US against its adversaries, though the rationale behind these claims remains unclear.

While Trump previously dismissed cryptocurrencies as a “scam,” he has since reversed course, accepting crypto campaign donations, selling digital trading cards, and revealing millions in digital assets. His latest remarks solidify his pro-crypto positioning as he seeks to attract the growing base of cryptocurrency supporters, estimated at over 50 million Americans.

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If you want to create awesome branded experiences that truly captivate your audience, look no further than Bolanle Media. Our team of experts specializes in crafting immersive, unforgettable events that seamlessly blend creativity and strategy. From product launches to experiential marketing activations, we’ll ensure your brand makes a lasting impression. With our finger on the pulse of the latest trends and technologies, we’ll help you engage customers in innovative ways they’ll be buzzing about. Don’t settle for ordinary – let Bolanle Media elevate your brand with extraordinary experiences tailored to your unique vision. Click this link to learn more and take your marketing to new heights.

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