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Introduction to the Premiere League and its Format. An average of 1.9 million football fans worldwide watch the Premier League, the wealthiest football competition in the world. One of the most thrilling athletic events is this one. The Premier League has had a significant influence on […]
Sports and FitnessHey Readers! The current metaverse concept revolves around letting people do anything they can in real life. Going to a meeting at work, hanging out with friends, shopping, concerts, performances, and even sightseeing are all possible in the metaverse. Mark Zuckerberg recently rebranded Facebook as […]
Science and TechnologyHey Readers! Pollution and the emission of CO2 have caused global warming and climate change and today I will be explaining what is climate change, how does it affect the world and individuals and what is the COP26 summit and was it a failure or […]
Current Affairs Science and TechnologyIntroduction to the Premiere League and its Format. An average of 1.9 million football fans worldwide watch the Premier League, the wealthiest football competition in the world. One of the most thrilling athletic events is this one. The Premier League has had a significant influence on […]
Sports and FitnessIntroduction to the Premiere League and its Format.
An average of 1.9 million football fans worldwide watch the Premier League, the wealthiest football competition in the world. One of the most thrilling athletic events is this one. The Premier League has had a significant influence on the financial industry. Despite the UK’s poor economic development, the Premier League has been a benefit to the economy for the previous three years. In this article, the financial effect is covered in more detail than the sport as a whole.
The establishment of this league begins back on February 20, 1992, by Football Leagues First Division. The name of the championship was FA Carling Premiere ship from 1993 to 2001. After the Barclaycard gained control in 2001 the league was known as Barclays Premier League. 20 clubs are a part of the tournament, to win the title of English Championship.
The Premier League is the most watched event on Earth, with a record-breaking one billion homes watching the action in 188 nations. It is the home of some of the most well-known football clubs, players, managers, and stadiums in the world. 380 games are played between the teams overall during the league season, which lasts from August to May. The team with the most points at the conclusion of the regular season wins the Premier League. Three points are awarded for a victory, one point is awarded for a draw, and no points are awarded for a loss.
How does the English Premiere League earn its revenue?
The EPL has developed a strong commercial strategy based on television rights. The majority of the clubs’ primary source of income comes from the sale of TV rights. Here is the configuration. The league’s stockholders are the football clubs.
The clubs revoke the league’s broadcasting licences, which are subsequently granted to broadcasters like Sky Sports and (British Telecom) BT. These broadcasters typically participate in a bidding procedure to secure the rights to the games, after which they bill their viewer’s subscription fees and charge advertisement placement fees.
The earnings from the international broadcasting rights, it is split equally; however, beginning with the 2019–2020 season, any increase will be distributed to clubs in accordance with their standing in the league standings. The value of the Premier League’s global television rights in 1992 was £40 million. They are apparently worth £3.83 billion at this time. Domestic rights for the Premier League are sold in six different packages at auction every three years, with the most expensive deal costing Sky Sports £9.3 million per game.
The EPL generates commercial revenue through sponsorship and merchandise sales in addition to broadcast revenue, which is naturally split evenly among the clubs. Let’s now examine the economics of each individual team at a deeper level. The maker of the clubs’ uniforms and the shirt sponsor are their two primary sponsors. Nike and Adidas pay the clubs to create the uniforms in exchange for a cut of the proceeds from fan purchases. The club receives payment from shirt sponsors to have their logos put on the jerseys.
If we use Manchester United as an example, Chevrolet pays them 64 million pounds annually to have their emblem on Jersey while Adidas pays them 75 million pounds annually to design the jerseys. That might potentially rise to 70 million pounds starting with the next season. Clubs are also permitted to have a sleeve sponsor in order to generate even more revenue. Matchday money is another clear source of income for teams. This is the revenue teams receive from ticket sales to spectators during home games. Old Trafford, home of Manchester United, holds the record for being the league’s largest stadium, with a capacity of about 75,000.
How is the world’s most profitable league a boon to the UK economy?
During the 2019/2020 season, the league contributed largely to aid the UK economy. Analysis shows that £7.6billion was added to the economy in that year, which would have been higher if the League had not been shut down because of the pandemic
• Of the £7.6bn ($9.9bn), £3.9bn ($5bn) came from “direct impact,” which included matchday and commercial revenue, employees, broadcasting, and sponsors. This money was produced by the Premier League and its clubs.
• “Indirect impact” refers to all economic activity produced by the club and Premier League supply chains as a result of direct impacts, such as the building and construction industry or the hospitality sector, and it totalled £1.5 billion ($1.9 billion).
• The most recent £2.1 billion ($2.7 billion) came from “induced impact”—all the output and employment brought on by people using products and services like TV licences or TV engineers.
Since the 1998/99 season, the leagues and its club’s activity has risen by 840% and has generated a massive amount of £3.6 billion, as tax for the country. Clubs have a key role in the tax revenue collected by the government as it has risen by £3.1 billion since 1999.
“This new report from EY shows how we and our clubs continue to contribute significantly to the UK economy and have delivered much-needed assistance to all levels of football and communities” said Premiere League’s Chief Executive Richard Masters, last year.
While tax revenue helped the British government, the football tournament created 100,000 jobs every year, making a huge impact on the economy. These jobs have helped people from experiencing poverty which further assisted the GDP growth in 2022. People living outside London, have faced a major economic impact than the city residents which shows that Premier Leagues are not limited to one geographical area. 72% of the economic benefit is outside of London.
To add on, UK’s economy was sluggish and had just avoided a recession until December 2022. However, since January 2022, economic growth had returned majorly due to the contributions of the Premiere League. Research depicts, that output had risen by 0.3% since December 2022 where output fell by 0.5% then.
The economic benefit gained doesn’t stop here, Premier League has caused the tourism industry to boost in the past 2-3 years. Over £442 million was generated by the tourism sector which consists of hundreds and thousands of domestic trips.
The UK GDP was roughly £2.2 trillion ($2.9 trillion) in 2020–2021. Sports & Entertainment, which includes the Premier League, is another one of those areas. So how much of the nation’s GDP was contributed by this one organisation? 0.33%. That is considerably more than Tesco, which accounts for 0.18% of the national economy, and AstraZeneca, but slightly less than BP, one of the largest British corporations, which accounts for 0.42% of the GDP. AstraZeneca provided 0.15% of the UK GDP in 2020, a significant year for them.
The Premier League is ahead of the competition when compared to other significant football leagues. The Bundesliga contributes approximately €5.1 billion (£3.9 billion/$6.6 billion) annually, or 0.2% of the German economy. La Liga, on the other hand, is anticipated to generate €1 billion (£770 million/$1.31 billion), or 0.1% of Spain’s GDP.
The English Premier League plays a significant part in supporting the UK economy’s development in addition to its contributions to the sports industry. It’s undoubtedly a blessing in disguise for the nation, which is on the verge of experiencing “Stagflation.”
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! The current metaverse concept revolves around letting people do anything they can in real life. Going to a meeting at work, hanging out with friends, shopping, concerts, performances, and even sightseeing are all possible in the metaverse. Mark Zuckerberg recently rebranded Facebook as […]
Science and TechnologyHey Readers! The current metaverse concept revolves around letting people do anything they can in real life. Going to a meeting at work, hanging out with friends, shopping, concerts, performances, and even sightseeing are all possible in the metaverse. Mark Zuckerberg recently rebranded Facebook as Meta. Everyone was taken aback by the unexpected name changes, and the real reason behind the name ‘META’ is Metaverse. Today will be explaining the Metaverse, its effect on various industries, the relation of Metaverse with crypto etc. Click the button down at the end of the post to listen to the article.
What is metaverse and how does it work?
Although the concept has been present for nearly three decades, the metaverse has suddenly become a huge topical subject. The answer to the question “what is metaverse?” is not straightforward. This is since there is currently no metaverse and no one knows what it will be in the future. The Metaverse is a massively scaled and interoperable network of real-time rendered 3D virtual worlds that can be experienced synchronously and persistently by an effectively infinite number of users, each with their own sense of presence and data such as identity, history, entitlements, objects, communications, and payments. The “metaverse” is an “immersive internet experience” that combines standard social media, augmented reality, and other technologies to create an online presence that is “as compelling as your actual one.”
People will be able to meet, collaborate, play games, and more in a “world of limitless, interconnected virtual communities,” thanks to technologies like virtual reality headsets and augmented reality glasses. Mark Zuckerberg emphasised that the metaverse was intended to be “the next evolution of social interaction” — virtual and engaging areas where people could socialise with one another, study together, and interact in new ways — during a two-hour presentation on the metaverse’s possibilities earlier this year. It’s essentially a digital world where digital items and stuff reflect digital humans. It is a hypothetical concept that combines characteristics of social media, augmented reality (AR), virtual reality (VR), online gaming, and cryptocurrency.
The origin of Metaverse and its relation to Sci-Fi Book.
The term “metaverse” is a combination of “meta-” and “verse.” “Meta” is a Greek prefix that means “beyond,” while “verse” is derived from “universe.” Neal Stephenson’s dystopian novel Snow Crash from 1992 was the first to employ it in literature. The metaverse is described in the book as the next step in the evolution of the internet, a type of virtual reality in which any virtual activity can have a direct impact on the real world. The metaverse is encapsulated in this book. It’s a physically persistent virtual world containing virtual avatars, digital social interactions, and games, among other things.
Snow Crash also highlights how the metaverse in the tale influences events in the protagonist’s real world, such as a conspiracy that drives people with brains connected to the virtual world insane. Since the publication of the book, several additional works, notably Steven Spielberg’s well-received film Ready Player One (2018), which was based on Ernest Cline’s 2011 novel of the same name, have played with the concept to varying degrees. The metaverse is a virtual world in which individuals will be able to do everything they can in real life, depending on the technology of the age.
How is Metaverse affecting different industries?
Internet video games such as Roblox, Active Worlds, Decentraland, and Fortnite are among the current Metaverse implementations. It also focuses on improving virtual reality technology, with Facebook just launching Facebook Horizon, a virtual reality realm. Furthermore, numerous firms are focusing on utilising the metaverse to improve job productivity.
Most virtual meetings will likely transition to the metaverse in three years, according to Bill Gates, with workers interacting via VR headsets and avatars.
This tiny country in the Caribbean called Barbados is all set to become the first sovereign country in building an embassy in the metaverse. It has signed an agreement on November 14 with Decentraland to establish its metaverse embassy.
In collaboration with Gucci, Roblox will create a new category called “Metaverse Design.” On Roblox, players can purchase exclusive clothes. A digital Gucci purse recently sold for US$4,000 on the gaming platform Roblox, demonstrating that virtual fashion has the potential to become a multimillion-dollar industry!
The former Facebook has previously made considerable investments in virtual reality, including the acquisition of Oculus in 2014.
The software giant already uses holograms and is developing mixed and extended reality (XR) applications with its Microsoft Mesh platform, which combine the real world with augmented reality and virtual reality.
“It’s no secret that Epic is invested in establishing the metaverse,” said Tim Sweeney, CEO of the firm that developed Fortnite. It’s hosted concerts by Ariana Grande and Travis Scott, as well as movie trailers and music videos.
Isn’t it incredible that property owners will be able to create whatever they want, whether it’s a hotel, a casino, an art gallery, a theatre, or a sports stadium? Yes, they can make as much money as they want by charging admission fees, constructing a facility, or marketing advertising reservations. Investment is not only a physical asset but also a virtual asset.
To make money in the Metaverse, advertising will be common. Users can generate money by connecting with brands, companies, and marketers. It will not only be a place for young people to spend their time, but it will also be a place where they can earn money by meeting, socialising, and advertising on Metaverse. Developers will construct rewarding locations to boost the number of people who grow in the virtual world.
Customers will be able to walk through the store, choose the product they want and purchase it in the CEEK City universe, the company said.
How will businesses profit?
The Global HR Summit last fall demonstrated how immersive technologies may help with digital transformation. The three-day event featured 50 presenters using Oculus Quest headsets, while virtual guests could use their own headsets or simply utilise their laptops for an immersive experience. All 50 presenters received headsets, which were considered to be substantially less expensive than flying speakers out, providing housing, and other conference-related fees. To adapt to a shared, virtual economy, businesses will need to change their marketing techniques. In the metaverse, businesses will need to conduct market research on their new clients. While there will be advertisements in the metaverse, according to Cathy Hackl, a digital futurist and speaker who specialises in AR/VR and the metaverse, businesses can actually contribute to the creation of the metaverse.
The technology used by Metaverse:
The introduction of virtual reality headsets like Oculus has given the metaverse a big boost. VR games are already generating a lot of revenue. The global virtual reality gaming market is expected to increase from USD 7.92 billion in 2021 to USD 53.44 billion in 2028, according to Fortune Business Insights. AR takes things a step further by enhancing the user’s impression of reality through technology. It’s like gaining more information about a real-world object while looking at it through an AR gadget or headset.
It’s surprising how quickly the real world is attempting to make virtual reality, augmented reality, and the metaverse a reality. Apple Inc. already claims to have “the world’s largest AR platform” in augmented reality. On the App Store, there are several AR apps for everything from making Snapchat videos more entertaining to researching 3D projects in AR. The Nreal Light glasses were released in 2020 by Nreal, a Chinese augmented reality company, and the Nreal Air glasses will be available in December 2021 in China, Japan, and South Korea. Furthermore, consumer augmented reality glasses are designed to seem like high-end fashion sunglasses, thus boosting the enhanced reality experience. A haptic glove that provides a real-world sense of touch, Meta is simultaneously developing a lot of technologies. Meta is looking forward to combining the auditory, visual and haptic feedback to generate the physical impact of touch. The company is developing new soft actuators (tiny, soft motors) which will move in synchronization to deliver a sensation to the wearer.
Is Metaverse going to be safe?
Technology has two sides. Metaverse is intriguing to consider because it has both benefits and drawbacks, but the key question is if it is truly safe from hackers and cyber-attacks. Let’s put these problems aside for a moment and focus on the Metaverse’s legal ramifications. Its establishment and existence will almost certainly necessitate the processing of massive amounts of personal data, which will be subject to many of the same increasingly strict privacy and data processing standards that apply to social networks. This might be a significant burden, especially for smaller businesses interested in contributing to the Metaverse.
Due to the ambiguity of ownership in the Metaverse, intellectual property issues will grow more common. Developers may use new artificial intelligence technology to monitor voice or text for keywords, as well as scan signals of unusual behaviour, such as one adult approaching youngsters frequently or making particular motions. Metaverse’s Blockchain technology ensures that it is not controlled by a single entity. Because of blockchain technology, hacking into one account would be difficult and thousands of systems and accounts have to be compromised before accessing one account, making hacking extremely difficult. However, there is no guarantee that it will be safe, and, just like in the real world, cybercrime will be a possibility in Metaverse.
Metaverse and its connections with Cryptocurrency and Blockchain
You transact in the physical world with fiat currency, which serves as a store of value and a medium of exchange for buying and selling anything. But how do you suppose you’ll pay for your artwork, land, and concert in your virtual world in a smooth, immediate manner? The answer is straightforward: cryptocurrency! It’s difficult to envision the metaverse, the other, the equally real universe, functioning without cryptocurrencies. Crypto becomes a requirement rather than an option in a world where speed, transparency, and security are nearly essential. Cryptocurrency is the ideal means of trade for this rapidly evolving hybrid society.
Consider the scenario. Frequent transactions, such as selling your vintage and buying a new one right away, or even getting your hands on that NFT, necessitate decentralisation and transparency, in which the power to approve and validate your desired transactions is shared by all network participants, making it more accountable to the people, accessible, and quick! You don’t put your faith in just anybody, unlike the real world. Second, because cryptocurrencies like bitcoin use highly powerful blockchain technology for encryption and fund protection, you can be confident that your funds are safe when you use a public ledger like blockchain, where every transaction you make is irreversible, traceable, and secure.
The third pillar of the metaverse is unquestionably the enviable lightning-fast speed, a gap dutifully covered by the scalability promise of cryptocurrencies, or their ability to execute or confirm a bigger number of transactions per second! Crypto is the way to go, establishing the idea of compatibility, i.e., working across various blockchain systems, rapid transfer of money, and digital, permanent proof of ownership in the metaverse.
How will Metaverse affect the global economy?
It’s crucial to understand that the metaverse does not require you to use the physical world. You may be a person from Africa who travels to the metaverse and competes on a global scale without prejudice, racism, or misogyny. This will have a profound impact on human society on a worldwide scale that has never been seen before. As a result, technologies will solve problems that politicians have been unable to tackle for hundreds of years. The metaverse will include 8 billion individuals in global affairs and completely alter global GDP. It’s as though you’ve discovered a new world. The rediscovery of free-market capitalism would aid in the creation of many riches. All ownership transferred from the state to private hands in a handful of years. People could suddenly become the owners of any asset and become wealthy. This new GDP appeared out of nowhere simply because people were able to design, run, and own their own world. In the same way, the metaverse might cure the current stagflation or poor GDP growth mixed with excessive inflation. Because we uncovered a totally new universe, markets and global GDP growth may explode. By many accounts, the metaverse demonstrates that our existence is not constrained by our physical surroundings and that the world itself has endless potential.
A Meta Universe (METAVERSE) is a futuristic vision of a comprehensive world that combines virtual reality and augmented reality, online and active, job possibilities, media, shopping malls, and economics. Users will access this virtual environment for nearly every reason, which will have an impact on the marketing business. Marketing and the creative economy have emerged as the most exciting and innovative aspects of this new society. Advertisers would receive comprehensive and accurate data that they did not previously have access to. Brands will collaborate by building avatars for their digital twins. Many powerful people have already started working with brands to develop avatars and cooperate with the universe’s new trends. Influencers, fans, and artists may communicate and interact with Meta Universe more distinctly. Through METAVERSE’s revolutionary approach, food key opinion leaders cook with fans, sports key opinion leaders guide fans through crowds, and travellers may explore with their fans. Not only that but there will be a lot more. Metaverse’s targeted adverts on the screen will transform the physical universe into a virtual universe by simply putting concepts into the mind and clicking a single button. Users can spend their virtual vacation with their favourite influencers.
Internet celebrity marketing has become the cream of the crop for consumers and a burgeoning sector, so it might be a huge potential for the virtual world’s multibillion-dollar economy. Metaverse is a new dimension of the internet that will be integrated into our lives. It will provide firms with new opportunities. Stocks of Metaverse-focused enterprises will give those who prefer the traditional investing method a second shot. Roblox, Microsoft Corp, Unity Software, Amazon, Walt Disney, Nvidia, and Facebook, among other gaming, e-commerce, tech, and social media titans, revealed their shares to expand their own Metaverse, resulting in economic growth.
How will Metaverse affect employment in the future?
Workers now have a variety of easy alternatives to the traditional job thanks to emerging technologies. The creation of the metaverse could be the ultimate game-changer. Zoom has changed the remote and hybrid work environment. The ability to put on a pair of glasses and join a new, virtual world isn’t simply a fun concept for entertainment or gaming; the metaverse has a close relationship to virtual reality and gamification. Satya Nadella, the CEO of Microsoft, has stated that his company is focusing on creating the “corporate metaverse.” “As the digital and physical worlds collide, we’re leading in a new layer of the infrastructure stack called the enterprise metaverse,” Nadella said during Microsoft’s fourth-quarter earnings call. Epic Games revealed in April that it has raised $1 billion in funding to pursue its metaverse goals. The zeal with which IT firms are hurrying to fill this digital frontier will fundamentally alter the future of employment and the workplace.
The metaverse replaces Zoom calls by allowing you to communicate with coworkers in a virtual environment that feels almost genuine. You can buy houses, play video games, socialise with your friends, go to concerts, shop, and buy things. According to Eric Yuan, CEO of the videoconferencing software Zoom augmented reality and virtual reality will play a significant role in the future of work, particularly remote employment. Up until now, the most accessible way into the metaverse has been through multiplayer video games. The best way for people to learn is to really accomplish something. Military, doctors and scientists have been using virtual reality to train for decades. Employees in businesses such as retail, logistics, and customer service are using VR headsets to practise their skills. In less than a decade, virtual reality will be used in 20 million occupations around the world, ushering humanity into the metaverse. Metaverse-style ideas could help people organise work — and society in general – in a more effective way. Shared standards and protocols that link various virtual worlds and augmented realities into a single, open metaverse could make it easier for individuals to collaborate and save time.
What can workers expect from the metaverse?
Some Disadvantages of Metaverse:
It’s the viewpoint in which technology entirely absorbs human attention, completely oblivious to the real world. We will eventually get addicted to the metaverse, and our children will grow up in it.
Final Opinion
The metaverse is still in its infancy, and it has just begun to scratch the surface of what it will become. The contemporary internet can be thought of as the first incarnation of the metaverse. It isn’t flawless, but it does the job. There have been tremendous winners in each era of the internet. However, no single corporation can usher in a new era on its own. A tsunami of capital and management is working tirelessly to create a better version. That is why the metaverse is such a revolutionary concept. It’s not just about virtual reality, Fortnite, or cryptocurrency; it’s about a concept that encompasses all of them. Facebook (or Meta) has made great progress, but it will not be alone in this endeavour.
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! Pollution and the emission of CO2 have caused global warming and climate change and today I will be explaining what is climate change, how does it affect the world and individuals and what is the COP26 summit and was it a failure or […]
Current Affairs Science and TechnologyHey Readers! Pollution and the emission of CO2 have caused global warming and climate change and today I will be explaining what is climate change, how does it affect the world and individuals and what is the COP26 summit and was it a failure or a success? Click the button down at the end of the post to listen to the article!
What is climate change?
The average weather in a location over a long period is referred to as climate. Climate change is the result of a change in the average conditions. Humans’ use of oil, gas, and coal for their houses, factories, and transportation is causing rapid climate change. When fossil fuels are burned, greenhouse gases are released, primarily carbon dioxide (CO2). The heat from the Sun is trapped by these gases, causing the planet’s temperature to rise.
What are the causes of climate change?
The “greenhouse effect” — warming that occurs when the atmosphere traps heat emanating from Earth toward space — has been expanding due to human expansion since the mid-twentieth century, according to scientists.
The presence of some gases in the atmosphere prevents heat from escaping. Long-lived gases that remain in the atmosphere semi-permanently and do not respond physically or chemically to temperature changes are referred to as “forcing” climate change. Gases that react physically or chemically to temperature changes, such as water vapour. The following gases contribute to the greenhouse effect:
The causes of climate change continued:
Human actions on Earth are altering the natural greenhouse. The burning of fossil fuels such as coal and oil has raised the concentration of carbon dioxide in the atmosphere over the last century (CO2). This occurs because the combustion of coal or oil produces CO2 by combining carbon in the air with oxygen. The clearing of land for agriculture, industry and other human activities has raised greenhouse gas concentrations to a lesser amount. Changes in the natural atmospheric greenhouse’s repercussions are difficult to forecast, however, the following effects appear to be likely:
How climate change plunders the planet?
Here are a few high-profile examples of how increased warmth affects climate conditions and weather patterns:
2. Human life and prosperity suffer
Our health, economy, livelihoods, infrastructure and much more waver:
One of the most recent cases is that of a Canadian woman who has been identified as suffering from ‘climate change for the first time in the globe. Doctors blame her health issue on the deadly heatwaves earlier this year, and a Canadian woman in her 70s could be the first patient to be diagnosed with ‘climate change.’ Dr Kyle Merritt of Kootenay Lake Hospital, who diagnosed the patient, told the Times Colonist how the heatwaves exacerbated the toll on patients who were already dealing with several health issues. Hundreds of people died as a result of record-breaking heatwaves in Canada and parts of the United States.
The heatwaves killed at least 233 people in British Columbia. The emergency situation was produced by a dome of high pressure over the Northwest, which was exacerbated by human-induced climate change, which is increasing the likelihood and intensity of extreme weather occurrences. The cause of the dome is unknown, but considering the heatwave’s duration, severity, and the fact that it is establishing new temperature highs a month early than the usual hottest time of year, climate change appears to be a factor. Heatstroke and heat exhaustion were more likely due to the extreme temperatures and humidity. Now the question is whether we really need to be concerned about “climate change.”
3. Natural Habitats become hostile
Habitats on land and at sea are changing, rendering certain species uncomfortable while allowing others to migrate in and take over. Some ecosystems are on the verge of extinction. Here are three well-documented examples of natural-world changes:
Scientists suggest that if we want to escape the worst effects of climate change, we need to cut down temperature rises. They claim that global warming should be kept to 1.5 degrees Celsius by 2100. However, unless additional measures are done, the globe may still warm by moreover 2 degrees Celsius by the end of the century. According to a forecast published in 2021 by the Climate Action Tracker organisation, the earth will warm by 2.4 degrees Celsius by the end of the century. Scientists believe that if nothing is done, global warming would approach 4 degrees Celsius in the future, resulting in severe heatwaves, millions of people losing their homes due to rising sea levels, and irreversible extinction of plant and animal species.
Droughts, floods, and excessive temperatures are examples of climate extremes that can cause crop losses and affect agricultural producers’ livelihoods as well as community food security around the world. Weeds, bugs, and fungi can thrive in warmer temperatures, wetter climates, and higher CO2 levels, depending on the crop and habitat, and climate change will likely increase weeds and pests.
Finally, while increased CO2 stimulates plant growth, research has revealed that it decreases the nutritional content of most food crops by lowering protein and critical mineral concentrations in most plant species. New pest and disease patterns may evolve as a result of climate change, impacting plants, animals, and humans and creating new dangers to food security, food safety, and human health. These are the factors that can contribute to climate change, which has detrimental repercussions for not only people but all living species.
One major example of how climate change has started to affect the Earth
More than 130 people have died suddenly in the Vancouver area, according to police. The majority were old or had underlying medical issues, with heat being a major role. On Tuesday, Canada set a new temperature record of 49.6 degrees Celsius (121.3 degrees Fahrenheit) at Lytton, British Columbia. The northwestern United States has also had record highs, as well as several fatalities. Extreme weather phenomena, such as heatwaves, are projected to become more common as a result of climate change, according to experts. However, it is difficult to attribute any particular incident to global warming.
Premier John Horgan of British Columbia claimed the province’s hottest week has resulted in “disastrous effects for families and communities.” As several localities claim to have responded to sudden death situations but have yet to compile the figures, the number of heat-related deaths is likely to climb. Heat is suspected to have been a major factor in the deaths of 65 individuals in Vancouver alone since Friday.
How climate change could impact the global economy?
Climate change is a severe threat not only to the earth and its inhabitants but also to the global economy. This issue necessitates public-private sector partnership to shift the way we create commodities to alternate techniques that ensure and propel long-term economic prosperity. Climate change is one of the most serious challenges to economic stability, in addition to its serious impact on the environment and people. Heatwaves make us less productive and make us less able to work.
Hurricanes, cyclones, and typhoons wreak havoc on millions of people, leaving them penniless after sweeping their communities away. Droughts reduce harvests, adding to the difficulty of feeding the world’s growing population, which is estimated to reach 10 billion by 2050. (World Population Prospects 2019, United Nations Organisation). Climate change, according to the World Bank, could push 100 million more people into poverty by 2030 if we don’t act quickly.
How can we reduce and curb the effects of Climate change?
Now that the causes and consequences have been listed, the question arises is that how can climate change be curbed?
What is the COP?
The COP is the Convention’s highest decision-making body. At the COP, all States that are Parties to the Convention are represented, and they review the Convention’s implementation, as well as any other legal instruments adopted by the COP, and make decisions necessary to promote the Convention’s effective implementation, including institutional and administrative arrangements. The evaluation of national communications and emission inventories presented by Parties is a major duty for the COP. The COP evaluates the effects of the actions adopted by Parties and the progress made toward the Convention’s ultimate goal based on this information.
Unless the Parties agree differently, the COP meets once a year. In March of 1995, the inaugural COP summit was held in Berlin, Germany. Unless a Party volunteers to host the session, the COP meets in Bonn, the secretariat’s headquarters. The COP Presidency alternates among the five designated UN areas — Africa, Asia, Latin America and the Caribbean, Central and Eastern Europe, Western Europe, and Others – and the COP venue tends to vary among these groupings as well.
What is COP26?
The United Nations Climate Change Conference (COP26) will take place in 2021. For nearly three decades, the United Nations has brought almost every country on the planet together for global climate summits, known as COPs (Conference of the Parties). Climate change has progressed from a minor concern to a worldwide priority in that time. The 26th annual summit, dubbed COP26, will take place this year. COP26 takes place in Glasgow, with the United Kingdom as President. In the run-up to COP26, the UK is collaborating with all nations to find a solution to climate change. For twelve days of discussions, world leaders will arrive in Scotland with tens of thousands of negotiators, government representatives, corporations, and individuals. It’s not only a massive undertaking, but it’s also not simply another international summit. The majority of experts feel COP26 has a special urgency. It’s important to go back to another COP to understand why.
The importance of the Paris Agreement
For the first time in history, every country agreed to work together to keep global warming far below 2 degrees Celsius, with a goal of 1.5 degrees Celsius, to adapt to the effects of a changing climate, and to make money available to achieve these goals.
The Paris Agreement came into being. The goal of 1.5 degrees is critical because every fraction of a degree of warming will result in the loss of many more lives and the destruction of livelihoods. Countries pledged to bring forth national plans outlining how much they will reduce their emissions under the Paris Agreement, known as Nationally Determined Contributions, or ‘NDCs.’ They committed to revisit the plan every five years with an updated version that reflected their highest aspirations at the moment.
Goals needed to achieve at COP26?
Was COP26 a success if a failure?
Greta Thunberg, a climate activist, called the COP26 climate summit a failure, accusing the United Nations-sponsored discussions of devolving into a public relations exercise. “It’s no secret that COP26 was a disaster. “It should be self-evident that we cannot fix the crisis using the same techniques that brought us here in the first place,” Thunberg remarked.
“The COP has devolved into a public relations event, with leaders giving lovely speeches and setting fancy commitments and targets, while governments in the Global North continue to refuse to take any significant climate action behind closed doors.” She was speaking on stage just after hundreds marched 1.6 miles from Kelvingrove Park to George Park in Glasgow’s city centre, less than 2 miles from where the COP26 event is being hosted, as part of a strike called by “Fridays For Future.”
Special envoy John Kerry of the United States, a 30-year veteran of climate geopolitics, said he “had never counted as many projects and as much money – real money – being put on the table.” Some argue it’s hypocrisy because world leaders flew to Glasgow for the COP26 meeting on 118 private aircraft, emitting over 1400 tonnes of CO2, while others say it’s a step toward making the world a better place and preventing serious consequences from climate change.
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! Recently Evergrande, one of the worlds biggest real Estate Group was near about to collapse and so today I will be explaining the main reason behind it, how does it affect global markets and most importantly India. Click the button down at the […]
Finance and BusinessHey Readers! Recently Evergrande, one of the worlds biggest real Estate Group was near about to collapse and so today I will be explaining the main reason behind it, how does it affect global markets and most importantly India. Click the button down at the end of the post to listen to the article!
Synopsis
China’s massive and opaque banking system has long been a threat to the country’s economy and the international community. The woes of Evergrande, a property developer with massive debts, serve as a stark reminder of how difficult it is to manage risks. The government is attempting to inflict an orderly default on some of its creditors, but it risks spreading the problem. The stock and bond markets around the world are keeping a careful eye on China Evergrande Group, a Chinese property developer on the verge of defaulting on part of its loans. If it is not resolved, it might become Asia’s greatest corporate debt default, shattering investor confidence around the world. Beijing appears hesitant to bail out the company, but it is taking steps to mitigate the consequences.
What’s Evergrande?
In 1996, the company began selling bottled water before moving on to pig rearing. Evergrande, situated in Guangzhou, now owns China’s premier professional soccer team (Guangzhou Football Club). The real-estate developer became the face of China’s real-estate boom. The post-pandemic economic boom of China was fuelled by a surge in property prices. Evergrande, too, expanded to over 250 cities but accumulated massive debt. Evergrande Real Estate now owns over 1,300 projects in over 280 cities around China. The Evergrande Group has expanded to include far more than just real estate development. Its activities include wealth management, electric car production, and food and beverage manufacturing. It even owns Guangzhou FC, one of the country’s most popular football clubs. Mr Hui was once Asia’s richest man and, despite his fortunes plummeting in recent months, Forbes estimates that he has a personal fortune of more than $10 billion (£7.3 billion). Evergrande is the world’s most indebted real estate corporation, with approximately $300 billion in liabilities. In comparison, Russia’s state debt was $257 billion in 2020. If the corporation goes bankrupt, it will have a significant influence on China’s economy. Because China is a key commercial partner for almost every country on the planet, economic issues in the country might have far-reaching consequences.
What is the trouble at Evergrande?
Evergrande borrowed more than $300 billion to expand quickly and become one of China’s largest enterprises. Beijing enacted new laws last year to regulate the amount due by large real estate developers. Evergrande was forced to offer its properties at deep discounts as a result of the new rules, in order to ensure that money was coming in to keep the company afloat. It is currently struggling to make interest payments on its loans. Evergrande’s stock has dropped by nearly 80% this year as a result of the uncertainty. Global credit rating agencies have also downgraded its debts. The Evergrande Group employs approximately 200,000 people and is China’s second-largest real estate corporation in terms of total sales. Its main business is to purchase vast tracts of land, convert them into residences, restaurants, and other structures, and then sell them to prospective customers. To support its operations, the corporation takes on enormous sums of debt from banks and investors, as well as short-term loans from suppliers and property buyers.
It has over $300 billion in total obligations and will have to pay roughly $37 billion in interest and maturing debt over the next year. Given the company’s poor financial state, rating agencies such as Fitch and S&P have downgraded the company’s bonds, which have traded considerably below 50 cents on the dollar. In addition, the company has received the money in advance from nearly 1.5 million homebuyers, promising to deliver developed properties to them in the future, and many suppliers have yet to be paid. The company’s wealth management staff has collected more than $6 billion from its own employees in the hopes of generating substantial returns. It has defaulted on these items and offered to give away parking spaces and another real estate in exchange for the loans, which has sparked public outrage.
Why is the company in trouble?
The Chinese government’s new guidelines for property developers, according to observers, are the most urgent cause of the current problem. The Chinese government issued laws (commonly known as the “three red lines”) in August 2020, indicating how much a property developer can borrow based on its financial situation as determined by three debt criteria. Evergrande is effectively barred from taking on any further debt under the new restrictions. Evergrande’s business suffered a significant setback as a result of this, as the company relied heavily on borrowing to operate. As a result, the company was compelled to sell its land and other assets at a loss in order to pay its debt obligations. Evergrande’s insolvency is said to have resulted from this asset fire sale. Some perceive the Chinese government’s new measures as an attempt to burst the country’s property bubble and bring the economy to a “soft landing.” To construct new properties, Chinese authorities have always encouraged firms to take on massive sums of debt through the tightly state-controlled financial system. This resulted in indiscriminate property development, with the property industry accounting for about a third of China’s GDP. In China’s “ghost cities,” millions of houses have been spotted with no interest from purchasers. Chinese authorities have also unwittingly aided the property bubble by bailing out problematic developers over the years.
Evergrande officials requested financial aid from the Chinese government in a letter published by Bloomberg last year, revealing their inability to pay their loan commitments to banks. According to reports, China’s authorities now wish to focus the country’s resources on other industries, such as technology and have so chosen to end their support for property developers. It’s worth noting that the Chinese government has recently allowed several property-related businesses to fail rather than bailing them out. Other observers, on the other hand, feel that the current problem has been building for a long time.
They claim that the business model of the corporation has been unsustainable for a long time. In 2012, Citron Research’s Andrew Left claimed that Evergrande was bankrupt and that the business was using aggressive accounting techniques to hide its problems. It was claimed that the firm kept properties it couldn’t sell as inventory on its financial sheet, avoiding the need to register losses. The company was also accused of conducting a ponzi scam since it relied on a continual input of cash to support a fundamentally unsustainable economic model. Surprisingly, Evergrande has regularly reported high earnings and a healthy financial sheet with ample liquid assets throughout the years.
What is the ‘Lehman Moment’ and why is the Evergrande crisis is being referred to as one?
The subprime mortgage crisis came to a head-on on September 1
5, 2008, when Lehman Brothers filed for bankruptcy. The Federal Reserve called six banks to discuss funding for the financial services firm’s restructuring after it was warned of a possible rating downgrading owing to its significant position in subprime mortgages. These talks fell through, and Lehman filed a Chapter 11 case, including more than US$600 billion in assets, which is still the biggest bankruptcy filing in US history.
The bankruptcy caused the Dow Jones Industrial Average to plummet 4.5 percent in one day, the biggest decrease since the September 11, 2001 attacks. It indicated that the government’s ability to manage the crisis had reached a breaking point, causing widespread financial panic. Mass withdrawals from money market mutual funds, a crucial source of credit, were made to prevent losses, and the interbank lending market tightened, putting banks at risk of collapse. To quell the fear, the government and the Federal Reserve System took a number of emergency steps.
“The prospect of an Evergrande bankruptcy looks to be driving to concerns of China’s very own Lehman [Brothers] moment, with a large spillover throughout the region,” CMC Markets’ Michael Hewson said. Investors are also concerned that the US Federal Reserve will reaffirm plans to reduce assistance for the US economy this year during its meeting on Tuesday and Wednesday. Global stock markets have risen as economies have reopened and central banks have pumped billions of dollars into the economy to help it expand. However, if assistance is withdrawn at a time when the Delta type of coronavirus continues to stymie healing, there are fears of deterioration. Morgan Stanley strategists predict a 10% drop in the S&P 500 index as the Federal Reserve begins to remove its support. They went on to say that indicators of a stalled recovery may push the drop to 20%.
However, the Evergrande crisis might not be the Lehman Moment because of the following reasons:
How could the Evergrande Collapse affect China?
A major slowdown in property building over the next several years already looks imminent and would become considerably more so if Evergrande failed or went bankrupt. A long-term slowdown in property building, which accounts for roughly a fifth to a quarter of China’s economy, would result in a major drop in GDP growth, commodity demand, and possibly disinflationary consequences internationally, according to most estimates.
Markets are concerned about the impact of China’s property market turmoil on other nations. Foreign investors that have direct exposure to Evergrande or firms that are financially related to Evergrande, on the one hand, may suffer losses. Any slowdown in the Chinese economy as the nation attempts to rebalance its economy away from the property industry, on the other hand, would have an impact on the global supply chain. Metal equities in India, for example, have experienced a significant fall, which has been ascribed to concerns about a drop in Chinese demand. According to some observers, Chinese growth might fall to as low as 1-2 percent as the government rebalances its economy.
Banks and other lenders may be obliged to lend less if Evergrande fails. This might result in a credit crisis, in which businesses are unable to borrow money at reasonable rates. A credit crisis would be disastrous for the world’s second-biggest economy, as businesses that are unable to borrow find it impossible to expand and, in some circumstances, cease to exist. This may frighten international investors, who may perceive China as a less appealing location to invest in.
In the case of a collapse, the Chinese economy and financial system will be severely harmed, with a cascade effect affecting a number of other domestic industries. It will also have an influence on the global economy, particularly financial institutions and enterprises involved in real estate and housing, both directly and indirectly. According to CITI experts, China’s financial system would be badly harmed since, as of end-2020, roughly 41% of the banking system’s assets were either directly or indirectly linked to the property industry.
Analysts do not anticipate, however, that the Evergrande crisis will become China’s “Lehman moment,” as officials are more likely to avoid systemic risk and gain time for debt resolution and marginal easing. Home sales by value may have dropped 20% in August and September from a year ago, the largest decline since the coronavirus broke out early last year, according to data.
How has Evergrande Collapse affected the global markets?
China’s retaliation has been fierce. Evergrande has pledged to develop between 1.3 million and 1.6 million houses, according to various estimates, and sought loans from workers earlier this year, according to The New York Times, which it now appears unlikely to repay. Protests have erupted in front of Evergrande offices around China, as well as at its Shenzen headquarters. Those who demonstrated included employees, suppliers, and consumers who had paid for homes that have yet to be completed. World markets have braced themselves, even though the business has not yet formally defaulted. Many markets, including the S& P 500, the Nasdaq, Japan’s Nikkei 225, and Australia’s ASX, have fallen in the last 24 hours as a result of possible Evergrande problems. Cryptocurrency, too, has taken a blow.
Evergrande’s difficulties have corresponded with a drop in stock market interest: Between September 2 and September 20, the S&P 500 index dropped 5.2 percent. Evergrande isn’t the only source of anxiety, either. Recent economic indices, for example, have been trending sideways. Employers hired only 235,000 people in August, far less than market estimates. Consumer confidence has slipped to a six-month low as retail sales have fluctuated. Inflation continues to rise, and many expect the Federal Reserve will declare soon that it will stop buying bonds in November. While not as essential as rising interest rates, this so-called tapering indicates that the Fed is backing away from its emergency policy of putting in a lot of cheap money to help the economy recover from the Covid debacle. Then there’s Washington, D.C.
In addition to debating a contentious $3.5 trillion social programme package and a $1 trillion infrastructure plan, Congress will soon need to lift the debt ceiling to avoid the US Treasury defaulting on its debts. Republicans are refusing to cooperate now that Democrats have complete control of the legislative and executive parts of the government. If the economy slows and a new stimulus is not provided, one Morgan Stanley analyst predicts a 20% decline in stock prices. Much of the pessimism stems from fear of what might happen. These shocks in the foreign financial markets, on the other hand, would only be brief. Most other analysts have downplayed the comparison, claiming that even if the developer went bankrupt, it would have a minor worldwide influence.
How does it affect India?
In the previous five trading sessions, stocks of numerous leading Indian steel, mining, and chemical companies, including some of the index’s best-performing equities like Tata Steel, Jindal Steel, SAIL, JSW Steel, Tata Chemicals, NMDC, and DCW, have fallen by 10-15 percent. All of these businesses would have had receivables from the Chinese real estate corporation or would have been related to it. If Evergrande fails, this might be jeopardised. If this issue is not resolved quickly and the contagion spreads, commodity-exporting companies will continue to suffer.
Is the government going to help?
No one knows for sure yet, but there are some indications that the state will not save Evergrande. Aware of the amount of debt that real-estate companies were accumulating, China last year devised the “three red lines,” a system that requires property developers to maintain a liability-to-asset ratio of less than 70%, a net gearing ratio of less than 100%, and a cash-to-short-term debt ratio of at least one since last August. Companies like Evergrande would be prohibited from borrowing more money if they over these lines. The message to real estate developers was clear: it was up to them to clean up their act.
There are suggestions, though, that China’s regulators will offer Evergrande some leeway. Rather of purchasing its debts, regulators have authorised Evergrande’s proposal to restructure its loans, according to Bloomberg. This would entail extending payment dates.
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! Two decades ago in 2001, the American soldiers came to Afghanistan and started the longest war. The Taliban were suppressed, but now as the US troops are withdrawn the Taliban have come back. Today I will be explaining who are the Taliban, why […]
Current AffairsHey Readers! Two decades ago in 2001, the American soldiers came to Afghanistan and started the longest war. The Taliban were suppressed, but now as the US troops are withdrawn the Taliban have come back. Today I will be explaining who are the Taliban, why did US troops come to Afghanistan, what’s the current situation etc. Click the button at the end of the post to listen to the article!
Introduction
The capital Kabul was the final major city to succumb to the attack, which began months ago but escalated as hard-line Islamists seized territory. In 2018, the Taliban began direct talks with the US, and in February 2020, the two sides reached an agreement in which the US agreed to depart and the Taliban agreed to refrain from attacking US personnel. Other commitments included not allowing al-Qaeda or other terrorists to operate in regions controlled by the government, as well as moving forward with national peace negotiations. However, the Taliban continued to attack Afghan security personnel and civilians in the following year, rapidly moving across the nation.
Who are the Taliban?
The Taliban, whose name means “students” in Pashto, first appeared in 1994 in the Kandahar region of southern Afghanistan. Following the withdrawal of the Soviet Union and the consequent fall of the government, it was one of the forces fighting a civil war for control of the country. It was founded by so-called “mujahideen” fighters who, with the help of the United States, fought Soviet forces in the 1980s. In less than two years, the Taliban had seized complete control of the country, declaring an Islamic emirate in 1996 and imposing a strict interpretation of Islamic law. Other mujahideen organisations withdrew to the country’s north. Following the Al-Qaeda attacks on September 11, 2001, in the United States, US-backed soldiers in the north surged into Kabul in November under the cover of US airstrikes. The Taliban dispersed into the countryside, where they launched a two-decade insurgency against the Afghan government and its Western supporters. Mullah Mohammad Omar, the Taliban’s founder and first leader, went into hiding when the Taliban was deposed. His whereabouts were so mysterious that his death, in 2013, was only confirmed by his son two years later.
What is the Taliban’s ideology?
The Taliban imposed a severe interpretation of sharia law throughout their five years in power. Women were largely forbidden from working or studying, and unless accompanied by a male guardian, were restricted to their houses.
Why did the US fight a war in Afghanistan and why did it last so long?
In 2001, the United States was responding to the 9/11 attacks in New York and Washington, which killed almost 3,000 people. Al-Qaeda, an Islamist militant group, and its leader, Osama Bin Laden, were blamed by officials. Bin Laden was in Afghanistan, where he was protected by the Taliban, a group of Islamists in control since 1996. When the Taliban refused to hand him over, the US engaged militarily, overthrowing the Taliban quickly and promising to support democracy and eliminate the terrorist threat. Despite one of the world’s greatest manhunts, the militants slipped away, and the group’s then-leader, Mullah Mohammad Omar, and other top leaders, including Bin Laden, escaped capture.
Many senior Taliban commanders are said to have sought asylum in Quetta, Pakistan, from whence they guided the Taliban. Islamabad, on the other hand, disputed the existence of the “Quetta Shura.” Despite increased foreign force numbers, the Taliban steadily regained and then expanded their control in Afghanistan, leaving large swaths of the nation unsafe and bloodshed returning to levels not seen since 2001.
In 2004, a new Afghan government took over and Nato allies joined the US, but deadly Taliban attacks persisted. In 2009, President Barack Obama’s “troop surge” helped push the Taliban back, although it was short-lived. Nato’s multinational soldiers terminated their combat operation in 2014, at the end of the bloodiest year since 2001, handing security over to the Afghan army. The Taliban gained momentum as a result, and they conquered additional land. Peace talks between the US and the Taliban began tentatively, with the Afghan government largely absent, until an agreement on a pullout was reached in Qatar in February 2020.
Although there was a US-Taliban agreement, it didn’t stop their continuous attacks; instead, they shifted their attention to Afghan security forces and civilians, as well as targeted murders. Their areas of control expanded.
Why did Joe Biden withdraw troops?
US President Joe Biden said on Tuesday 13th April 2021 that he wants all US troops out of Afghanistan by August 31, putting an end to a huge two-week airlift that could leave evacuees behind. In February 2020, former President Donald Trump reached a deal with Taliban terrorists that all US forces would leave Afghanistan by May 1 of this year.
When Biden took office in January, he ordered a review. On April 14, he announced a four-month delay to Trump’s timeline, claiming that US and NATO forces “would be out of Afghanistan before the 20th anniversary of that horrible act on September 11th.” The focus was on evacuating the remaining 2,500 US troops, tens of thousands of NATO troops, and 16,000 civilian contractors in the nation. The timing of the US exit and the commemorations of the 20th anniversary of the 9/11 attacks, according to critics, may not be favourable. Biden announced an earlier, more exact end date in early July. “On August 31st, our military operation in Afghanistan will come to an end,” he stated.
Washington also sought to give the Afghan government more time to coordinate its war against the Taliban, including transferring over sites and weapons that had previously been under US control to Afghan forces. The Taliban’s onslaught against Afghan soldiers was anticipated to be slowed, if not stopped, by Washington and NATO allies. According to US intelligence, government forces should be able to hold out for at least six months after the US leaves. The State Department anticipated that the delay would allow US residents and tens of thousands of Afghans and their families who had worked for US forces and had been offered “special immigrant visas” (SIVs) to relocate in the United States to leave.
Instead, Afghan soldiers failed to fight, and the Taliban grabbed one provincial seat after another in a rapid-fire campaign in July and August, eventually marching into Kabul on August 15. Suddenly, time was running out. The astounding rapidity with which that triumph was achieved sparked a panicky attempt by tens of thousands of Afghans and foreigners, including diplomatic officials, to evacuate the country as soon as possible. Thousands of US forces were sent on August 14 to take control of Kabul’s Hamid Karzai International Airport in preparation for a huge airlift. Since August 14, the total number of evacuees from the United States and other nations had topped 71,000, with more than 21,000 flying out in the last 24 hours. However, thousands of Afghans were trapped within and outside the airport, impeded by sluggish processing and growing difficulty in reaching the airport due to Taliban blockades of Afghans wanting to flee.
Taliban seizing power and why is it a threat?
The Taliban appeared to adapt their tactics from complicated strikes in cities and on military outposts to a wave of targeted assassinations that terrorised Afghan people in the year following the US-Taliban peace pact of February 2020, which was the culmination of a protracted period of direct discussions. The Taliban’s targets – journalists, judges, peace campaigners, and powerful women – demonstrated that the Taliban’s radical doctrine had not altered, only their approach.
Despite grave concerns from Afghan officials about the government’s vulnerability to the Taliban without international support, Joe Biden, the new US president, announced in April 2021 that all American forces would leave the country by September 11th, exactly two decades after the World Trade Center was destroyed. After outlasting a superpower in two decades of war, the Taliban began conquering enormous swaths of land before toppling the government in Kabul once more in the aftermath of a foreign power’s withdrawal.
In just ten days, they swept across Afghanistan, seizing the first provincial capital on August 6. They arrived at Kabul’s gates on August 15th. Thousands of people were forced to evacuate their homes as a result of their rapid progress, with many arriving in Kabul and others fleeing to neighbouring countries. With the Taliban’s return to power, the US-led coalition’s engagement in Afghanistan comes to an end after nearly two decades. On August 12, 2021, Taliban forces took control of Kabul, and President Ashraf Ghani fled the nation, leaving the administration in disarray, as a US-led military operation began airlifting Western diplomats, civilians, and Afghans who were likely to be targeted by the country’s new rulers.
Demoralized as the rebels, who had controlled the majority of the country in just over a week, gathered on the outskirts of Kabul on Sunday morning, Afghan security forces offered no opposition. The Taliban first stated that they would not enter the capital while a transitional administration is constituted, but by nighttime, they had changed their minds, claiming that someone needed to preserve public order after Afghan police abandoned their stations. The Islamic Emirate has instructed the mujahedeen to take charge of the abandoned districts to prevent anarchy and looting, according to a Taliban statement.
It went on to say that the Taliban fighters will not bother any former regime civilians or military officials. By the evening, the main road to the Kabul airport, which was clogged with Afghans wanting to flee and thousands of US forces defending the evacuation attempt, had become a surreal spectacle of Taliban fighters mixing with Afghan troops in uniform. Mr Ghani left the Afghan capital in the afternoon after fleeing the presidential palace and spending Sunday morning at the US Embassy.
Washington and Kabul were optimistic that the Afghan forces would put up a solid fight against the Taliban as foreign troops began their final pullout in May. Afghan forces were powerful on paper, with over 300,000 people and multibillion-dollar weaponry far superior to the Taliban’s arsenal. For years, they had been plagued by corruption, weak leadership, a lack of training, and low morale. Desertions were rampant, and US government inspectors had long warned that the force would not be able to sustain itself.
In some regions, such as Lashkar Gah in the south, Afghan forces put up a good fight against the Taliban this summer, but they now face the Taliban without regular US air attacks and military backing. Many soldiers and sometimes entire regiments defected or surrendered when confronted with the smaller but more motivated and organised enemy, allowing the revolutionaries to conquer city after city.
Long before the start of their onslaught in May, the Taliban reportedly began putting negotiations and surrender procedures in place. The terrorists lobbied for negotiations with everyone from individual soldiers and low-level government officials to what appeared to be provincial governors and ministers — why fight when the Taliban was all but victorious? The strategy was extremely successful.
The photographs from their last march to Kabul showed Taliban and government officials lounging comfortably on couches as they formalised the handover of towns and provinces, rather than bodies in the streets and horrific battlefields. The Afghan government could collapse in 90 days, according to a US estimate made less than a month before Kabul fell. It took the Taliban less than two weeks to conquer their first provincial capital.
Who are the leaders of the Taliban and what their return means for Afghanistan?
Afghans believe that under the Taliban’s understanding of Sharia, the hardline rule will return. In regions of Afghanistan, bleak developments have already been observed.
• Women’s and girls’ educational institutions have been closed; smartphones and televisions have been banned.
• They are forcing young males to join their ranks.
• Peace activists, judges, and journalists Women in positions of power who have spoken out against the Taliban in the last 20 years have put their lives in jeopardy.
• Women are reportedly being forced to marry Taliban fighters in parts of Afghanistan.
Areas captured by the Taliban:
As of Sunday, August 15, data from “FDD’s Long War Journal,” which follows the Taliban’s attempts to acquire control of land, shows that the hardline Islamic group has taken control of 267 districts. Only 53 districts are currently under government control, with the remaining 87 being contested. This is a significant improvement over the situation in the first week of May when the Taliban held 77 districts and the Afghan government had 194; 129 districts were contested.
With the takeover of Jalalabad, the Taliban now have access to the country’s main highway, which connects it to Pakistan’s Peshawar. The route is critical for delivering commodities to the landlocked country.
Everyone has been caught aback by the Taliban’s lightning speed in capturing the majority of the country. According to reports, US intelligence believed Kabul would be safe for at least three months. According to recent reports, however, the Taliban are within a few kilometres from the capital city.
Logar province, which is not far from Kabul, fell to the Taliban on August 14, and without a fight. The Taliban had taken the two vital cities of Kandahar in the south and Herat in the west, both bordering Iran, the day before. Afghans are fleeing Taliban-controlled districts and seeking refuge in Kabul, according to reports. According to accounts from the ground, people are fearing punishment as a result of the Taliban hardliners’ ascendency.
Two Decades of bloodshed
2001: On September 11, al-Qaeda carried out attacks on the World Trade Center in what was the deadliest terrorist attack in American history. While al-Qaeda leader Osama Bin Laden was identified as the one responsible, the Taliban refused to hand over Bin Laden, who was in Afghanistan at the time. On October 7 U.S. launched airstrikes against Afghanistan in retaliation. Some 1,300 US troops arrived in Afghanistan in November and by December, the Taliban was removed from power, and its fighters melted away into Pakistan.
2001-2009: Between 2001 and 2009 the number of U.S. troops in Afghanistan topped 67,000.
2009: In 2009 U.S. President Barack Obama announced a troop “surge” and the number of American soldiers in Afghanistan increased to over 100,000.
2011: Osama Bin Laden was killed in a U.S. special operations raid in Abbottabad, Pakistan in May 2011 and in June 2011 Obama announced a withdrawal plan from Afghanistan.
2013: In 2013 at least three key figures of the Pakistani Taliban, including the then-leader Hakimullah Mehsud, were killed in U.S. drone strikes.
2015: U.S. troops in Afghanistan declined to about 9,800 by 2015.
2017: But in August 2017 U.S. President Donald Trump deployed additional troops increasing the total number to around 14,000.
2018: In September 2018, Trump appointed veteran Afghan-American diplomat Zalmay Khalilzad to negotiate with the Taliban. The Taliban gradually regained and then extended their influence in Afghanistan over the years.
2019: On September 9, 2019, after a particularly intense escalation in Taliban attacks, including a Kabul bombing that killed a U.S. soldier, Trump scrapped talks.
2020: The U.S. and the Taliban signed a peace deal in Doha, Qatar, on February 29, 2020. Senior members of the Afghan government and countries surrounding Afghanistan were concerned that the United States could abandon Kabul much like it was perceived to have left the region after the Soviet Union exited Afghanistan decades ago. The American focus was on getting their troops and diplomats out of Afghanistan safely. In the deal, the U.S. agreed to withdraw its troops by May 1, 2021, in return for assurances from the Taliban that they would not let transnational terrorist groups operate from Afghan soil. The accord also came amid a fragile political situation in Afghanistan. The Ashraf Ghani administration was internally divided and the last two presidential elections — 2014 and 2019 — were disputed.
2021: Well before the American withdrawal started, the Ghani administration looked like a loose confederation of different fiefdoms. What glued them all together was the American troops. Once it was clear that the Americans were leaving, the cracks in the administration started widening. On April 14, U.S.President Joe Biden announced the U.S. troops’ withdrawal from Afghanistan starting on May 1 and ending on September 11, bringing America’s longest war to a close.
I hope you’ll found this post interesting as well as knowledgeable and know the reason behind the current situation in Afghanistan. Let me know in the comments. Stay tuned for the upcoming post on the second part of this topic.
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! Today (8 August 2021) being the last day of Tokyo Olympics 2020 I would like to share the history of the Olympic Games, some unknown and interesting facts about it and is it really worth hosting them? Click the button at the end […]
Current Affairs Sports and FitnessHey Readers! Today (8 August 2021) being the last day of Tokyo Olympics 2020 I would like to share the history of the Olympic Games, some unknown and interesting facts about it and is it really worth hosting them? Click the button at the end of the post to listen to the article!
Introduction to the Olympics :
The Olympic Games, which date back as far as 3,000 years ago in ancient Greece, were resurrected in the late 19th century and have since become the world’s most prestigious sporting competition. The Games were held every four years in Olympia, located in the western Peloponnese peninsula, from the eighth century B.C. to the fourth century A.D., in honour of the god Zeus. The first modern Olympics were held in Athens in 1896, with 280 athletes from 12 countries competing in 43 events. Since 1994, the Summer and Winter Olympic Games have switched every two years and have been staged separately.
In 1896, the first modern Olympic Games were held in Athens, Greece. 280 athletes from 12 nations (all male) competed in 43 events, including track and field, gymnastics, swimming, wrestling, cycling, tennis, weightlifting, shooting, and fencing, in front of King Georgios I and an audience of 60,000 people at the opening ceremony.
History of Olympic Games :
The first written records of the ancient Olympic Games originate from 776 B.C., when a chef named Coroebus became the first Olympic champion by winning the lone event, a 192-meter footrace known as the stade (the origin of the current “stadium”). However, it is widely assumed that the Games had already been going on for several years at that point. According to legend, Heracles (the Roman Hercules), the son of Zeus and the mortal woman Alcmene, started the Games, which had become the most famous of all Greek sporting events by the end of the 6th century B.C.
Every four years, between August 6 and September 19, the ancient Olympics were staged at a religious festival honouring Zeus. The Games were named after Olympia, a sacred site at the western shore of the Peloponnese peninsula in southern Greece, where they were held. Their effect was so enormous that ancient historians began to count time in four-year increments between Olympic Games, dubbed Olympiads.
After 13 Olympiads, two more races, the diaulos (approximately equivalent to today’s 400-meter race) and the dolichos, were added to the stade as Olympic events (a longer-distance race, possibly comparable to the 1,500-meter or 5,000-meter event). In 708 B.C., the pentathlon (five events: a foot race, a long jump, discus and javelin throws, and a wrestling match), boxing in 688 B.C., and chariot racing in 680 B.C. were introduced. Pankration, a mix of boxing and wrestling with few regulations, was first introduced as an Olympic event in 648 B.C. The ancient Olympic Games were initially only open to freeborn male Greek citizens; there were no women’s events, and married women were barred from competing.
Some interesting and unknown facts of the Olympics that you might not be familiar with
Despite common perception, the Gold Medal has not been made of pure gold since the 1912 Olympics. The modern Olympic Gold Medal is an imposter, manufactured almost entirely of silver with around 6 grammes of gold to match the Olympic Charter’s requirements. 80,000 kg of discarded electronics were used to create the medals for the Summer Olympics in Tokyo. Based on current market pricing, the gold medal from the Tokyo Olympics weighs around 556 grammes, which means an Olympic medal made of pure gold would cost over $32,000.
The origins of the Torch Relay can be traced back to the controversial 1936 Berlin Olympics. The relay was devised by Carl Diem, Chief Organizer of the Olympic Games, as a propaganda tool for the Nazi Party to demonstrate the claimed superiority of the Aryan race. Greece, Bulgaria, Yugoslavia, Hungary, Austria, and Czechoslovakia were all conquered by Nazi Germany within ten years of the relay’s completion.
The games were cancelled due to World War I (1916) and World War II (1940, 1944).
The five-ringed sign was created by Baron Pierre de Coubertin, the creator of the modern Olympic Movement. He chose the various colours—blue, green, yellow, black, and red—because at least one of them appears on every national flag throughout the world.
Women competed in Olympic events for the first time at the 1900 Games in Paris, when 22 women competed out of a total of 997 athletes. They could only compete in five sports at the time: tennis, sailing, croquet, equestrianism, and golf. Thankfully, a great deal has changed since then. Women competed in all sports on the Olympic programme for the first time in the 2012 Games in London, and every new sport added to the Olympic programme must have female participants.
The Olympics are generally linked with international cooperation and camaraderie, but that image was shattered in Munich in 1972 when Palestinian terrorist group Black September kidnapped and killed 11 members of the Israeli Olympic team (a German policeman was also killed). After jumping the Olympic Village barrier, the heavily armed attackers used stolen keys to gain entry to the Israelis’ apartments. After killing two of the athletes, the remaining nine were kidnapped and slain after various rescue attempts failed.
Have you ever noticed Olympians biting their medals at an awards ceremony and wondered why? It all goes back to the days when merchants would double-check that a coin had the precious metal they needed and wasn’t a fake made of lead. A gold coin will not leave tooth marks, however, a lead coin will. Olympic medals aren’t composed of gold; they’re just plated with it. In today’s world, they are typically made of silver. The 1904 Olympic Games were the last time they were totally made of gold.
The first Olympic Games, held in Olympia from 776 BC to 392 AD, were held every four years in conjunction with a festival honouring the Greek god Zeus, just as they are today. The Ancient Greeks also had three more god-related games, Apollo, Elis, and Poseiden, each of which included a tournament. In 392 AD, in an attempt to rid his kingdom of paganism, Roman Emperor Theodosius banned the Olympics in favour of the universal embrace of Christianity. It took an incredible 1503 years for the Olympics to return. The modern Olympics were born and took place in Athens in 1896, thanks to Pierre de Coubertin, who founded the International Olympic Committee (IOC).
Medalists are not only entered into their country’s and Olympic histories but they are also honoured at the Olympic stadium where the event is being held at the time. Their names are carved on the stadium’s walls, leaving a permanent record of their accomplishments.
North and South Korea marched together for the first time in Sydney’s opening ceremony, in a fleeting moment of unity. Instead of carrying their own national flags, the North and South Korean teams (who were dressed identically) joined hands and waved a unity banner with a blue map of Korea.
Outraged that New Zealand, whose rugby squad had visited South Africa earlier in the year despite the country’s apartheid regime, was allowed to compete in the 1976 Olympics in Montreal, 25 African countries organised a boycott. The boycott was also joined by Iraq and Guyana. “The government and the people of Kenya maintain the opinion that ideas are more valuable than medals,” stated Kenya’s foreign minister at the time, James Osogo, in a statement. Meanwhile, due to its apartheid laws, South Africa had been barred from sending a team to the Olympics since 1964. The ‘76 Olympics boycott would not be the last; in 1980, US athletes boycotted the Olympics in protest of the Soviet invasion of Afghanistan.
It’s travelled around the world, on Concorde, through twisting rivers, and even into space, and it’s almost weatherproof. It can resist high temperatures and up to 50 mph winds, and it has never failed over its long relays around the world. A spare torch, lighted from the mother flame in Athens, is never more than 30 seconds distant if it is required.
In 1960, the first Paralympic Games were held in Rome, with the goal of allowing war veterans to compete and recuperate. There had been cases in the past were physically challenged athletes competed in the Olympics. In the 1904 Olympics, Olympic gymnast George Eyser won six medals despite having a wooden leg. People with a variety of disabilities now have the opportunity to compete in the Paralympics. Ibrahim Hamato created history in 2014 when he won the world championship in table tennis despite the fact that he had no arms and had to play with the racket in his mouth.
In the medley relay event at the Beijing Olympics, champion American swimmer Michael Phelps and his colleagues broke a new world record, giving Phelps his eighth gold medal (the most in a single Olympic Games) and pushing him over his predecessor, Mark Spitz. Phelps had nothing but humble comments for his audience after winning his seventh medal: “Records are meant to be broken no matter what they are.”
Russia has been stripped of its main distinguishing symbols, such as a flag and a national song, as a result of a doping scandal. In reality, Russia is not officially competing in Tokyo as a country. Its athletes compete for the Russian Olympic Committee or ROC. After the World Anti-Doping Agency declared Russia guilty of conducting a state-sponsored doping programme, the Court of Arbitration for Sport in Switzerland banned Russia from international sports until the end of 2022. Under severe guidelines, Russian competitors were allowed to compete in Tokyo.
Because of drug use by athletes, the 100-meter event at the 1988 Seoul Olympics was dubbed the “dirtiest race.” After testing positive for stanozolol, an anabolic steroid, Canadian sprinter Ben Johnson was deprived of his gold medal just days later. Johnson later stated that if everyone else was using drugs, it wasn’t truly cheating. Johnson had a point, even if it wasn’t the most compelling argument. His gold medal was awarded to Carl Lewis, a second-place finisher who had tested positive for illegal stimulants at the US Olympic trials that year but had escaped punishment. Linford Christie of the United Kingdom, who was upgraded to silver, tested positive for pseudoephedrine but was later cleared by the International Olympic Committee (IOC) after he blamed the test result on ginseng tea.
IS HOSTING THE OLYMPICS A PRIVILEGE OR INCONVENIENCE?
How hosting the Olympics benefits the hosting city and country
The contemporary Olympic Games honour ancient Greek civilisation, which is regarded as the cradle of Western civilization, including liberal values. The Olympics honour history as well as the ideals of liberty, equality, globalism, and peace. Because the Olympics are about this spirit — not about money — promoting these values should take precedence over money when it comes to hosting. A host city is given the distinction of not only identifying and supporting these ideas, but also of promoting them locally and globally. Even when the Olympic Games are over, the atmosphere will remain upbeat.
Sport is a crucial social institution. They educate values while promoting identity and attachment to society. Sports also foster a healthy society: a mountain of scientific evidence demonstrates that participating in sports might help people avoid chronic diseases and live longer. The Olympics encourage people to participate in sports in the host city and country. Athletes who are normally obscure are thrust into the spotlight, become well-known, and can even become national heroes during the Olympics. This may inspire local children and athletes to pursue their sporting goals. Furthermore, hosting the Olympics raises the profile of sports and encourages people to participate in them – not to mention the new (or rebuilt) sporting facilities that will be available for local use after the Games. The sum of these elements has a long-term positive impact on the host city. As a result, on a local and national level, hosting the Olympics helps to a more sports-oriented and healthier society.
Hosting the Olympics doesn’t benefit the hosting city and country
It requires money to prepare for the Olympics. A substantial sum of money. Developing and improving infrastructure, such as motorways, airports, and sports complexes costs billions of dollars. The Olympics are rarely deemed lucrative, despite the massive expenditure that benefits local citizens. As a result, a major question arises: Would the money spent on preparing for the Olympics have benefited local citizens even more if it had been invested differently? Some argue that investing in social issues like education and health care is a more effective approach to promote and attain the common good.
One of the biggest benefits of hosting the Olympic Games is the tremendous amount of attention it brings to a possible host city and country. However, this focus can be beneficial in both directions: Unexpected occurrences and wrongdoing can seriously harm the host city’s and country’s reputations. A man in a ski mask, for example, is a lasting picture of the 1972 Munich Olympics. Furthermore, the 2004 Olympic Games in Greece (which were a financial disaster) are depicted as the primary cause of the country’s ongoing economic catastrophe. According to recent studies, hosting the Olympics has little, if any, impact on a country’s reputation. Following the Olympics, Australian academics discovered a minimal change in attitudes toward the country.
The Olympics can put a strain on the citizens of the host city’s daily lives. First, there is a persistent security danger hovering over the city, necessitating large-scale security preparations, including military power, which frequently augments the Olympic security force. The presence of armed soldiers in the city might elicit negative emotions and even anxiety among certain inhabitants. Second, when the coronavirus isn’t an issue, the host city during the Olympic Games is usually filled with visitors. The presence of many more people in public settings makes it less comfortable for natives. There’s also the issue of traffic – visitors and residents alike travel a great deal between sports grounds, causing public transportation to become overcrowded.
I hope youll know found this post interesting as well as knowledgeable! Let me know in the comments. Stay tuned for the upcoming posts!
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! It doesn’t matter if you’re single, married, a student, an employee, or a business owner, you can benefit from learning about the Law of Attraction. It’s basically a new term for assisting you in getting something you want in your life naturally, rather […]
LifestyleHey Readers! It doesn’t matter if you’re single, married, a student, an employee, or a business owner, you can benefit from learning about the Law of Attraction. It’s basically a new term for assisting you in getting something you want in your life naturally, rather than trying to buy it or force it to happen. Today I will speak in detail about The Law of Attraction and how an individual can start following it. Click the button at the end of the post to listen to the article!
What is the law of attraction?
One of life’s greatest mysteries is the Law of Attraction. Few individuals realise the extent to which the Law of Attraction affects their day-to-day lives. Every second of our existence, whether consciously or unconsciously, we serve as human magnets, putting out our thoughts and emotions and attracting more of what we have put out. Unfortunately, many of us are still unaware of the potential that lies inside us. As a result, it’s all too easy to let your emotions and thoughts run amok.
This attracts more unwanted emotions and situations into your life by sending out the wrong thoughts. Having said that, finding out that the Law of Attraction is at work in your life should be a reason for joy! You will no longer be able to keep the power of attraction a secret once you have grasped it.
What Is The History Of The Law Of Attraction?
Before you begin your magnificent journey towards true enlightenment in the Law of Attraction, it’s important to understand that you can apply it to your life and that it can be effective if you utilise the right tools. Throughout history, the practises and ideas of this law have fueled the lives of great men and women. The Law of Attraction was first considered to have been given to man by the immortal Buddha hundreds of years ago. He is said to have wanted the world to know that “what you have become is what you have thought.”This is a deeply ingrained belief in the Law of Attraction. With the introduction of this concept to western society comes the name ‘Karma,’ which is a widely held belief in many cultures. Many people have known for decades that whatever you give out to the world (whether it’s anger, happiness, hate, or love) is ultimately what will return to your own life.
For many years, this basic and easy-to-understand notion has been extremely popular. It indicates that the concept of attraction power is nothing new. Many of us are already familiar with it in various ways. The Law of Attraction’s core concepts can also be found in the teachings of numerous civilizations and religious organisations. Proverbs 23:7, for example, says, “As a man thinketh in his heart, so is he.” Proof of praise for the Laws of Attraction can be found throughout history; all of it has been recorded and taught in various ways, but it is still available to all of humanity.
Is The Law Of Attraction Real?
The Law Of Attraction and its values have been observed throughout history, as previously stated. Various well-known poets, painters, scientists, and great philosophers, such as Shakespeare, Blake, Emerson, Newton, and Beethoven, have all conveyed this message through their many works, demonstrating the Law of Attraction to be one of the greatest powers on earth. Many current proponents of The Law Of Attraction have also emerged. Oprah Winfrey, Jim Carrey, and Denzel Washington are among them. There are also plenty of success stories surrounding The Law Of Attraction, with over 7.6 MILLION Facebook fans.
The most difficult part of admitting and accepting the truth of what the Law of Attraction has to offer is realizing that you alone have moulded every single one of your life decisions, good and bad. This can be a difficult pill to take for many people, especially if they believe they or their loved ones have been dealt particularly harsh life blows. However, once you have truly come to understand the true key behind the Law of Attraction you can be renewed with hope and courage in the overwhelming knowledge that you are free to take charge of your life and free yourself forever from the cycle of fear, worry or negativity which has held you back for too long.
The Science Behind The Law Of Attraction:
In recent years, quantum physicists’ work has helped to shed more light on the extraordinary impact that the mind’s power has on our lives and the cosmos in general. The more this concept is examined by scientists and great thinkers alike, the better we will comprehend how important the mind is in moulding our lives and the world around us. It makes no difference if you never fully comprehend the quantum mechanics that support the Law of Attraction.
However, this does not rule out the possibility of all of us benefiting from the many advantages that this generous law can provide. As physicists continue to provide us with more information on the law, we may simply revel in the incredibly freeing and empowering realisation that we are the makers and controllers of our lives and the energy that we are all composed of. Enjoy life because the cosmos is always on our side! The more time you devote to mastering the Law of Attraction, the more meaningful and gratifying your life will become. There are no constraints! Open your head and take in the Universe’s inherent bounty
How should I start using the Law Of Attraction?
It’s very simple! Here are a few ways you can incorporate the power of positivity into your life today:
Visualize: Visualization is a useful technique for bringing a dream or wish to live. You can either visualise the future you want or physically manifest it by drawing it out You may also keep yourself inspired and motivated by creating a vision board for your goals.
Keep a gratitude journal: Given the law of attraction, concentrating on the things you’re grateful for can help you attract greater abundance into your life.
Speak it into existence: Speaking your desires out loud is another technique to bring things out of your thoughts and into physical reality. Wake up and say to the universe for example, ‘I would want a car or a new house,’ This is especially important if you’re just starting off and in no time you will have what you wanted if you practice it every day!
Watch for synchronicities (circumstances that appear meaningfully related yet lack a causal connection): Synchronicities are those seemingly miraculous “coincidences.” It’s generally an indication that you’re on the right track if you keep seeing synchronicities connected to your objective (for example, in the marathon, your bib number continues popping up on signs or billboards).
Reframe a scarcity mindset: It’s easy to become caught up in a cycle of scarcity and lack when we’re looking for something we don’t yet have. However, focusing on your lack of love, money, happiness, and so on just serves to strengthen that absence. Keep in mind that you should feel as though you are already where you want to be. “Let go of how you think things ‘should’ proceed, and trust the cosmos to do its magic, being open to whatever the universe thinks is best.
Examples of celebrities who became famous by using The Law of Attraction.
Bodybuilder, Actor, Politician, and Businessman
“The greatest tool you have in your possession is your mind. Once you take full control of your mind there is no limit to what you can accomplish because you don’t allow defeating thoughts to hold you back – you are more willing to take risks.” It’s the same process I used in bodybuilding: What you do is create a vision of who you want to be — and then live that picture as if it were already true. If you are poor it doesn’t mean that you have to live your life poorly. Even if you can’t afford material things, if you operate with the mindset and actions of a millionaire, you will produce a millionaire lifestyle.
Actor and Stand-Up Comedian
“I would visualize having directors interested in me and people that I respected saying that “I like your work” or whatever that is. I wrote myself a check for $10,000,000 for acting services rendered. I gave myself 3 years and I dated it Thanksgiving 1995. I put it in my wallet and I kept it there, and it deteriorated… But then, just before Thanksgiving 1995, I found out I was going to make $10,000,000 on Dumb and Dumber.” Make the visualization of your life so strong that it drives you to commit yourself 100% to its development. Hold yourself accountable by imposing a specific timeline to accomplish your vision – this helps you to remain focused.
Media Mogul, Talk Show Host, and Actress
“Create the highest, grandest vision possible for your life, because you become what you believe.” A life of mediocrity is produced when you accept mediocrity as a way of thinking and living. When you expect the absolute best from yourself, you create standards that only align with creating the best lifestyle for yourself.
Singer
“It’s sort of like a mantra. You repeat it to yourself every day. “Music is my life, music is my life. The fame is inside of me, I’m going to make a number one record with number one hits.” And it’s not yet, it’s a lie. You’re saying a lie over and over and over again, and then, one day the lie is true.”
Lady Gaga says: “Constantly remind yourself of the person you are destined to become – it develops the mindset and actions that guide your life. Before you realize it, the mindset and the actions you implemented will produce the results you desire”.
List of books about The Law of Attraction and manifestation that will be useful to you in the future.
The Secret By Rhonda Byrne:
Synopsis:
Is a self-help book by Rhonda Byrne that explains how the law of attraction, which states that positive energy attracts positive things into your life, governs your thinking and actions, and how you can use the power of positive thinking to achieve anything you can imagine?
Synopsis:
The most wonderful book which takes you into your subconscious mind. This book talks about how your subconscious mind works. We all have a great power within us which is our subconscious mind how to utilize this? How Visualization helps us to achieve any goal? Why gratitude or make a good wish for others is important and how it affects us? many of these kinds of questions answered in this book.
Busy your mind with the concepts of harmony, health, peace, and goodwill, and wonders will happen in your life.
Synopsis:
This article is incomplete without mentioning the book Think and Grow Rich, Though it talks about Rich, this book is not just about getting rich in terms of money it’s about getting richer in all aspects of life. Like any form of wealth like money, happiness, healthy relationships, business success etc. This book offers the How-To of the aforementioned concept. It shows us how we must think to become money conscious. It shows us how to think ourselves rich, how to control our minds and our thoughts so that we can become rich.
The starting point of all achievement is DESIRE. Keep this constantly in mind. Weak desire brings weak results, just as a small fire makes a small amount of heat.
Famous Law Of Attraction Quotes:
– Rhonda Byrne
– Winston Churchill
– Dr Martin Luther King Jr.
– Buddha
– Albert Einstein
– Anne Frank
– Muhammad Ali
– Shakespeare
– Helen Keller
I hope youll know what is The Law of Attraction and will follow it in the future and found this post interesting as well as knowledgeable! Let me know in the comments. Stay tuned for the upcoming posts!
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! You all use a form of transportation to get to work, school, see friends/relatives, and so on. The transportation you use consumes energy in the form of petrol, diesel, and other fuels. Today, I’ll discuss the factors that may contribute to the rise […]
Finance and BusinessHey Readers! You all use a form of transportation to get to work, school, see friends/relatives, and so on. The transportation you use consumes energy in the form of petrol, diesel, and other fuels. Today, I’ll discuss the factors that may contribute to the rise in oil costs and how the Indian economy gets affected by the soar in crude oil prices. How the government can cut down the prices will be mentioned as well. Click the button down at the end of the post to listen to the article!
On June 7, fuel prices in Delhi and Mumbai gained considerable momentum, with petrol costing 94.46 per litre in Delhi and 101 per litre in Mumbai. In the last month, the retail price of fuel has increased by 4%. While many are hopeful that this is really a temporary spike, gasoline is unlikely to get significantly cheaper this year.
The net effect of rising fuel costs — or if they remain high for an extended period of time — is negative for the economy since the ripple effect can raise the cost of other goods. As a result, during the bio-monthly monetary policy update on June 4, RBI governor Shaktikanta Das reaffirmed his plea for a reduction in fuel taxes and charges in order to keep inflation under control.
The final retail price of fuel is determined by a number of factors:
Fuel costs in the country vary from state to state due to the impact of local taxes such as VAT and freight charges. Rajasthan, for example, has the country’s highest value-added tax (VAT) on oil, followed by Madhya Pradesh. The most expensive fuel and diesel in the country were found in the Sri Ganganagar district of Rajasthan, at Rs 102.70 per litre and Rs 95.06 per litre, respectively.
Another reason to blame for the increase in fuel prices is the excise tax levied by the Central and provincial governments. It’s worth noting that the Centre and states have collected a total of Rs 14 lakh crore under this heading in the last three years. The central government has changed how these taxes are distributed to the states, implying that the government now gets a larger piece of the pie and states are now in a fiscal bind.
The excise charge + VAT structure the petrol pricing. The state government collects the VAT, but the excise duty is collected by the central government. Central and state taxes account for 60% of the retail selling price of petrol and over 54% of the retail selling price of diesel. Petrol has an excise fee of Rs 32.90 per litre, while diesel has an excise duty of Rs 31.80. Out of the ₹100, you’re paying per litre of petrol, nearly ₹60 is going to either the central or state government. Petrol and diesel are two of the most heavily taxed goods in the country, and they aren’t covered by the Goods and Services Tax (GST). In the six years after the Modi government took office, tax collections on petrol and diesel have increased by more than 300%
The GST Council may consider adding fuel to the schedule in March, according to Finance Minister Nirmala Sitharaman. However, maintaining the same returns would necessitate a rate greater than 100%. And, at the moment, the GST slabs are 5%, 12%, 18%, and 28%, which is nowhere near what the government can earn under the current system. And, in the aftermath of the COVID-19 pandemic, cash-strapped governments, both state and central, are unlikely to want to give up the valuable tax revenue it generates.
Apart from the central and state government, there is a third party involved as well. There is a global cartel that controls the prices of oil worldwide. This cartel is called OPEC (Organization of the Petroleum Exporting Countries). OPEC controls 75% of the world’s crude oil output. For oil prices, the whole world is at the mercy of these few countries. When for any reason, global oil prices start falling. These reduce the production of oil as well. If there is less oil in the world global prices will increase for sure. OPEC has cut its production by an extra 1 million barrels per day. This will keep the global prices high for the coming times. Saudi is the largest exporter of OPEC. Saudi Arabia biggest oil company is known Aramco. Its IPO came out in late 2019. Saudi Arabia wants to sell some stake in Aramco 2021. Higher oil prices mean more investors will invest in their shares. This is one of the main causes of the surge in oil prices globally and India and many other countries are troubled by this. Though we cannot target external factors for everything.
According to the Finance Commission, states should get up to 41% of their excise share. However, the Centre receives a larger percentage of taxes as a result of the cess, leaving states with no choice but to impose/raise their own fuel taxes. The states’ finances are drained by the loss of excise, which, along with GST obligations, forces them to levy additional state excise tax and VAT.
6. Even if oil prices do not rise, a stronger dollar may cause India’s prices to rise.
Dollars are used to purchase oil. India uses the rupee as its currency. Even if the price of oil does not change in the worldwide market, a higher dollar means India will have to pay more for the same amount of oil. Even if the total price of oil is declining, a higher dollar makes paying for oil in rupees more expensive. In 2021, the average rupee/dollar exchange rate is 74.13. As a result, the higher the dollar’s value, the more importers must pay for crude oil (or for any commodity for that matter).
Effects of rising crude oil prices on the economy:
A lot of Indian companies depend on healthy crude oil prices. This includes tyre, lubricants, footwear, refining and airline companies. The profitability of these companies is adversely affected due to higher input costs. This could negatively impact stock prices in the near term. On the other hand, oil exploration companies in the country could benefit from a rise in oil prices.
India imports 1.5 billion barrels of crude oil each year. This comes up to around 86% of its annual crude oil requirement. So, the surge in crude oil prices could increase India’s expenditure, thus adversely affecting India’s fiscal deficit – the difference between the government’s total revenue and total expenditure. A fiscal deficit indicates the amount of money the government has to borrow to meet its expenses. A rise in fiscal deficit could negatively affect the economy as well as markets.
Oil is a very important commodity and it is required to meet domestic fuel needs. And in addition to that, it is a necessary raw material used in several industries. An increase in the price of crude oil means that would increase the cost of producing goods. This price rise would finally be passed on to consumers resulting in inflation.
These are some of the effects the Indian economy might face.
How can the government reduce crude oil prices?
One of the best ways to cut down fuel prices is to bring petrol and diesel under GST. The basic problem which we are facing is that we pay tax on tax for fuel. Excise duty for the central government and vat for the state and this pressure is falling on a common man. Even the RBI’s monetary policy says that fuel prices must be cut down. Out of the excise duty collected by the central government, they will give 41% of it back to the states for their spending. SBI’s report says that if petrol and diesel are brought under GST, then the price of petrol will go down to Rs 75/l and diesel to Rs 68/l. This way prices will become more uniform and transparent. You can see the calculation on the right-hand side. Doing this might reduce the amount of money state and central government earn, which might be a drawback.
I hope you know the reason behind the surge in crude oil prices and found this post interesting as well as knowledgeable! Let me know in the comments. Stay tuned for the upcoming posts!
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! Recently India’s gross domestic product (GDP) shrank 7.3% to ₹135.13 trillion in 2020-21. This is the worst performance of the Indian economy in any year since Independence. So today I’ll be talking about the main reasons behind the economic fall. Click the button […]
Finance and BusinessHey Readers! Recently India’s gross domestic product (GDP) shrank 7.3% to ₹135.13 trillion in 2020-21. This is the worst performance of the Indian economy in any year since Independence. So today I’ll be talking about the main reasons behind the economic fall. Click the button down at the end of the post to listen to the article!
In 2020-21, India’s gross domestic product (GDP) dropped by 7.3 percent to ₹135.13 trillion (in real terms adjusted for inflation). In 2019-20, it was ₹145.69 trillion. GDP is a measure of a country’s economic size, while inflation is the pace at which prices grow. This is the worst year for the Indian economy since the country’s independence. In 1979-80, India’s GDP contracted for the first time. During that year, when global oil prices were at an all-time high, the economy shrank by 5.2 percent. The main reason for the shrinkage this time was the negative economic impact of the spread of the Covid-19 epidemic.
Let’s take a look at this point-wise:
It’s important to remember that the second wave was far larger and more destructive than the first. Many families have spent all of their savings to combat the pandemic. A lot of other people’s families are in debt. Those who haven’t been directly affected by the second wave are worried about the possibility of a third wave and are putting money aside to prepare for it. Also, during the initial wave, rural India was largely unaffected.
This time, though, such is not the case. And, given the lack of a reliable data collection system, determining how terrible the situation is in rural India is challenging. In this environment, consumer spending, which accounts for the majority of India’s GDP, is likely to remain stagnant. Furthermore, state governments are wary of being bitten twice and will be hesitant to open their economies swiftly because they do not want covid cases to resurface. More importantly, they are terrified of the third wave. The services sector will continue to be vulnerable in this scenario.
To summarise, many experts predicted that the GDP for 2021-22 will be higher than the GDP for 2019-20 (145.69 trillion) before the year began. They anticipated that the Indian economy would recover to its pre-pandemic state. However, it appears that this will not be the case in 2021-22. We’ll have to wait until 2022 or 2023.
I hope you know the reason behind the contraction and found this post interesting as well as knowledgeable! Let me know in the comments. Stay tuned for the upcoming posts!
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! Since the beginning of time, wars have erupted. There have been many wars, but do you know the reasons for all of them or some of them that you are familiar with? Today, I’ll discuss the main causes of conflicts and provide examples […]
Current AffairsHey Readers! Since the beginning of time, wars have erupted. There have been many wars, but do you know the reasons for all of them or some of them that you are familiar with? Today, I’ll discuss the main causes of conflicts and provide examples of wars waged for each cause. Click the button down at the end of the post to listen to the article!
What Exactly Is a War?
War is often fought between two countries or groups of countries to accomplish a specific goal through the use of force. Civil or revolutionary wars can also be waged within a country’s borders. The Oxford English Dictionary defines “war” as “the state of being at war with another person or group of people. Wars have been a part of human history for thousands of years, and as industrialization and technology have grown, they have gotten more devastating.
Eight Main Causes of War
Economic Gain
Territorial Gain
Religion
Nationalism
Revenge
Civil War
Revolutionary War
Defensive War
1. Economic Gain
War is frequently sparked by a country’s desire to seize control of another’s wealth. Regardless of the various reasons for war, most battles have an economic purpose at their core, even if the proclaimed goal of the war is presented to the public as something purer. Pre-industrial times, a warring country’s anticipated gains might have included precious metals like gold and silver, as well as livestock like cattle and horses. In today’s world, the resources believed to be obtained via battle take the form of items like oil, minerals, or manufacturing materials.
Examples of Wars Fought for Economic Gain Throughout History:
The Anglo-Indian Wars (1766-1849) lasted from 1766 until 1849. The British East India Company and various Indian states waged a series of conflicts known as the Anglo-Indian wars. These battles resulted in the foundation of British colonial power in India, giving Britain unlimited access to the continent’s unique and lucrative resources.
Finnish-Soviet War or “The Winter War” (1939-1940) – Stalin and his Soviet Army wanted to mine Nickel and Finland, but when the Finnish refused, the Soviet Union waged war on the country.
2. Territorial Gain
A country may choose that it requires more land for living space, agricultural objectives, or other reasons. Territory can also serve as a “buffer zone” between two adversaries. Proxy wars are related to buffer zones. These are hostilities that are fought in a third country between opposing powers. Each power backs the side that best serves its logistical, military, and economic goals. During the Cold War, proxy conflicts were extremely common.
Historical Examples of Wars Fought for Territorial Gain:
Mexican-American War (1846-1848) – This war was fought following the annexation of Texas, with Mexico still claiming the land as their own. The U.S. outfought the Mexicans, retaining Texas and incorporating it as a state.
Serbo-Bulgarian War (1885-1886) – Bulgaria and Serbia fought over a small border town after the river creating the border between the countries moved.
The Arab-Israeli War, sometimes known as the ‘Six-Day War,’ lasted from 1967 to 1988, and saw Israeli forces retake the West Bank, including East Jerusalem, from Jordan.
3. Religion
Religious strife frequently has deep origins. They can go dormant for decades before reappearing in a flash at a later time. Religious conflicts are frequently linked to other causes of warfare, such as nationalism or vengeance for perceived historical wrongdoing. While war can be started by different religions fighting against each other, war can also be started by various sects within a religion (for example, Protestant and Catholic, or Sunni and Shiite).
Historical Examples of Wars Fought for Religion
The Crusades (1095-1291) — The Crusades were a series of mediaeval conflicts sanctioned by the Latin Church. Crusaders wanted to drive Islam out of Europe and spread Christianity.
Lebanese Civil War (1975-1990) – The Lebanese Civil War was primarily sparked from conflicts between the Sunni Muslim, Shiite Muslim and Christian Lebanese populations.
Yugoslav Wars (1991-1995) – The Yugoslav wars consisted of the Croatian War and the Bosnian War. The wars were fought between the orthodox Catholic and Muslim populations of former Yugoslavia.
Second Sudanese Civil War (1983-2005) – This ethnoreligious war was caused by the Muslim central government’s choice to impose sharia law on non-muslim southerners.
Thirty Years’ War (1618-1648) – When Holy Roman Emperor Ferdinand II attempted to impose Roman Catholicism on the inhabitants of his lands, a group of Protestants from the north came together, igniting war.
4. Nationalism
Nationalism in this context essentially means attempting to prove that your country is superior to another by violent subjugation. This often takes the form of an invasion. Dr Richard Ned Lebow, Professor of International Political Theory at the Department of War Studies, Kings College London, contends that while other causes of war may be present, nationalism, or spirit, is nearly always a factor. In his essay “Most wars are not fought for reasons of security or material interests, but instead reflect a nation’s spirit,” he writes: Related to nationalism is imperialism, which is built on the idea that conquering other countries is glorious and brings honour and esteem to the conqueror. Racism can also be linked to nationalism, as can be seen in Hitler’s Germany. Adolf Hitler went to war with Russia partly because the Russians (and eastern Europeans in general) were seen as Slavs or a group of people the Nazis believed to be inferior.
Historical Examples of Wars Fought for Nationalism
Chichimeca War (1550-1590)- The Chichimeca War was one of the numerous battles fought in modern-day Mexico during the Spanish conquest of the Aztec empire.
World War I (1914-1918) – Extreme loyalty and patriotism caused many countries to become involved in the first world war. Many pre-war Europeans believed in the cultural, economic and military supremacy of their nation.
5. Revenge
Punishment, redress of grievances, or simple retaliation for a perceived affront can all be factored in the conduct of war. Revenge also relates to nationalism, as the people of a country which has been wronged are motivated to fight back by pride and spirit. Unfortunately, this can spark off a never-ending chain of retaliatory battles that is extremely difficult to halt. In numerous European battles throughout history, vengeance has played a role.
Historical Examples of Wars Fought for Revenge
World War II (1939-1945) — The Treaty of Versailles, which inflicted harsh fines on Germany, was directly responsible for the establishment of the Nazi Socialist Party and Germany’s eventual dominance of the European continent.
The War on Terrorism – The assaults on the World Trade Center on September 11, 2001, caused President George W. Bush to declare war on terror. This worldwide conflict began with the invasion of Iraq and continues to this day.
6. Civil War
These usually happen when there is a lot of internal strife inside a country. The argument could be over who should rule, how the country should be administered, or the rights of the people. Internal schisms frequently deteriorate into chasms, resulting in a violent confrontation between two or more opposing factions. Separatist factions seeking to form their own independent country or, as in the case of the American Civil War, states seeking to secede from a larger union can also trigger civil wars.
Historical Examples of Civil Wars
Russian Civil War (1917-1923) – The Russian Civil War followed immediately after the Russian Revolution, with the Red Army and the White Army vying to determine Russia’s political future.
Spanish Civil War (1936-1939) – The Spanish Civil War was fought between the Republicans, who were loyal to the left-leaning Second Spanish Republic, and the Nationalists, a largely aristocratic conservative group led by General Francisco Franco.
The American Civil War (1861-1865)-was fought between the Union army and the Confederate army as a result of a long-running dispute over slavery.
The Korean War (1950-1953)– was fought between North Korea, which was supported by China, and South Korea, which was principally supported by the United States.
7. Revolutionary War
When a considerable portion of a country’s population revolts against the individual or group in charge of the country because they are unsatisfied with their leadership, this is known as a coup. Revolutions can start for a variety of causes, including economic hardship among particular sectors of the people or perceived injustices by the ruling group. Other variables, such as unpopular wars with other countries, can also play a role. Civil conflicts can easily develop from revolutionary battles.
Historical Examples of Revolutionary Wars
American Revolution (1775-1783) – The American Revolution gave the 13 North American colonies independence from British rule and established the United States of America.
French Revolution (1789-1799) – The French Revolution was a battle that represented the rise of the bourgeoisie and the downfall of the aristocracy in France.
The Portuguese Restoration War (1640-1668)-brought an end to Spain’s 60-year dominance over Portugal.
The Haitian Revolution (1791–1804)- was a successful slave revolt that created Haiti as the world’s first free black republic.
8. Defensive War
Countries may often argue that they are fighting in a purely defensive capacity against an aggressor, or potential aggressor, in the modern world, when military aggression is more commonly questioned, and that their conflict is thus a “just” conflict. Pre-emptive defensive wars can be very contentious, with the argument essentially being that “we are striking them before they inevitably strike us.”
Historical Examples of Defensive Wars
Iraqi Conflict (2003-Present) – An international coalition, led by the US, invaded Iraq because the country’s leader, Saddam Hussein, was developing weapons of mass destruction, and therefore presented a threat to surrounding countries and the rest of the world. The war was controversial as the allegations made about the weapons of mass destruction made by the US and UK were shown to lack substance.
I hope now you’ll know the reason behind conflicts and found this post interesting as well as knowledgeable! Let me know in the comments. Stay tuned for the upcoming post!
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Reader! Today I will be discussing the Decentralized Digital Currency: THE BITCOIN. 98.5% of people in the world haven’t heard of it and today I will be explaining what a bitcoin is, the history of it, the three how’s and lastly should an individual […]
Finance and BusinessHey Reader! Today I will be discussing the Decentralized Digital Currency: THE BITCOIN. 98.5% of people in the world haven’t heard of it and today I will be explaining what a bitcoin is, the history of it, the three how’s and lastly should an individual really invest in them or not. Click the button down at the end of the post to listen to the article!
Introduction of Bitcoin:
Bitcoin is a cryptocurrency also known as digital currency which has gained popularity since it has started in 2009. It does not have any central control like traditional money and is controlled by its users, peer to peer. It is enabled using a technology called Blockchain, which is a new kind of database or list of encrypted digital blocks linked together securely. Bitcoin was the first real-world application of blockchain. Blockchain allows cryptocurrencies like Bitcoin to function and enhances security. In addition, Blockchain can be used for, Smart contracts, Financial services, Video games, Energy trading and the Supply chain. Blockchain was started by a mystery person named Satoshi Nakamoto as an open-source technology. Bitcoin was the first and is the most popular cryptocurrency followed by Ethereum.
History of Bitcoin:
Bitcoin was created in 2009 as the first decentralized currency to run on Blockchain technology. First mentioned in a white paper published by someone with the pen name Satoshi Nakamoto, Bitcoin promised the ability to conduct government-free transactions, relying on digital signatures and digital coins instead of centralized government-issued fiat currencies. All transactions were kept on a ledger that can be publicly accessed, ensuring transparency. Miners, the individuals who volunteer their personal computing power to the network to keep it running, are paid for in Bitcoin and have a say in new protocols that are adapted to the blockchain network.
This allows them to work as a type of central bank, looking out for the best interest of the digital coin as a collective. Bitcoin’s decentralized and blockchain protocols require all nodes to verify a transaction. Since these computers are spread across the globe and run by various individuals, it is considered very difficult to hack or corrupt. This is considered by some to be a secure system and has continuously captured public interest since its creation. There have been times, such as in 2017, when Bitcoin jumped 740% in 5 months, reaching as high as $19,807 before plummeting 69% to $5,967. Despite Bitcoin being well known amongst traders for its price swings, many believe that this leading digital currency is here to stay.
The Three How’s:
How does Bitcoin work?
Bitcoins are basically a computer file that is stored in your phone and computer as a ‘digital wallet’. You can buy bitcoins and send them to others through this wallet. In layman’s terms, this system works like Google pay, Paytm etc. You have money in these apps and can send it to your friends and family or whoever you owe. Every transaction of Bitcoin is recorded in a public list, also known as a blockchain, and not like a bank where there is only a central control of the ledger and an individual cannot see.
Anyone can see these Bitcoin transactions as they are public and traceable. Now you might have a question, if anyone can see these transactions, he or she can easily hack them. The answer is no. When you are sending someone bitcoins the computer system asks all the other systems which have this ledger, It can be you, me or anyone as whoever might have these bitcoins, has this ledger. If even one system says it doesn’t have enough or has a surplus number of bitcoins in the account then the other computers your transaction will fail immediately. So, if a hacker hacks one computer he or she has to hack all the other computer with this ledger. Hence it’s next to impossible.
How do people get Bitcoins?
There are three ways, people can get Bitcoin.
How are new Bitcoins generated?
In order for the Bitcoin system to work, people can make their computer process transactions for everybodythere are difficult sums generated depending upon the number of people who are mining and the computer are made to work out these sums. If the sum is guessed correctly by the computer and GPU then the person mines a bitcoin as reward. People set up powerful computers and GPU’s just to try and get Bitcoins.
This is called mining. The sum difficulty increases when more and more people start to mine them and also to stop too many Bitcoins from being generated. If an individual starts mining now, it might take him/her years before you mined and got a single bitcoin. You could end up spending more money on electricity for your computer and GPU than Bitcoin would be worth.
Apps that might help you to invest in them:
Digital payments companies like PayPal Holdings and a handful of brokerage companies such as Robinhood and Webull have entered the retail market and allow investors to buy Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Should we really invest in them?
Occasionally one may increase in value and produce a return for investors. So the ball is in your court. Every coin has 2 sides and so bitcoin trading is very profitable but also a risky affair.
I hope now you’ll have understood what Bitcoin is and found this post interesting as well as knowledgeable! Let me know in the comments. Stay tuned for the upcoming post!
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.
Hey Readers! Today I will be talking about the ongoing dispute between Israel and Palestine. I will be speaking about their history and the reason behind this conflict. I will be also explaining the current situation and what might happen in the future. Click the […]
Current AffairsHey Readers! Today I will be talking about the ongoing dispute between Israel and Palestine. I will be speaking about their history and the reason behind this conflict. I will be also explaining the current situation and what might happen in the future. Click the button down at the end of the post to listen to the article!
The history behind Israel-Palestine conflict:
The Israeli-Palestinian conflict is one of the world’s longest-running and most controversial conflicts. It claims to have its roots in 957 BC when King Solomon built the first temple in the Israelite kingdom. The temple was destroyed by Nebuchadnezzar II of Babylonia in 587/586 BC. Though both the Jews and the Arab Muslims date their claims to the land back a couple thousand years, the current political conflict began in the early 20th century.
Let’s go back a century:
After the Ottoman Empire was defeated in World War I; the British took control of the area known as Palestine. The land was inhabited by a Jewish minority and Arab majority. Tensions between the two peoples grew when the international community gave Britain the task of establishing a “national home” in Palestine for the Jewish people. For the Jews, it was their ancestral home. However, the Palestinian Arabs also claimed the land and opposed the move. The Jews, fleeing persecution in Europe and seeking a homeland after the Holocaust of WWII, arrived in huge numbers between the 1920s and 1940s. The swelling numbers led to violence between the Arabs and the Jews and resentment against British rule. In 1947, the United Nations voted for Palestine to be split into separate Jewish and Arab states, with Jerusalem becoming an international city. That plan was accepted by Jewish leaders but rejected by the Arab side and never implemented.
Creation of Israel and the turmoil that followed:
In 1948, unable to solve the problem, British rulers left and Jewish leaders declared the creation of the state of Israel. Many Palestinians objected and a war followed. Troops from neighbouring Arab countries invaded. Hundreds of thousands of Palestinians fled or were forced out of their homes in what they call Al-Nakba, or the “Catastrophe”. By the time the fighting ended in a ceasefire the following year, Israel controlled most of the territory. Jordan occupied land which became known as the West Bank, and Egypt occupied Gaza. Jerusalem was divided between Israeli forces in the West and Jordanian forces in the East. Because there was never a peace agreement – each side blamed the other – there were more wars and fighting in the decades which followed.
What’s happening now?
Tensions are often high between Israel and Palestinians living in East Jerusalem, Gaza and the West Bank. Gaza is ruled by a Palestinian militant group called Hamas, which has fought Israel many times. Israel and Egypt tightly control Gaza’s borders to stop weapons from getting to Hamas. Palestinians in Gaza and the West Bank say they’re suffering because of Israeli actions and restrictions. Israel says it is only acting to protect itself from Palestinian violence. Things have escalated since the start of the holy Muslim month of Ramadan in mid-April 2021, with nightly clashes between police and Palestinians. The threatened eviction of some Palestinian families in East Jerusalem has also caused rising anger.
How this issue can be resolved:
It can be resolved by the interventions of the world leaders and more importantly, Palestinians and the leaders of Israel should come for healthy dialogue on the table with the intentions of establishing peace in the entire region. Israel should also help Palestine financially so that they can also match the footsteps with the rest of the world in the sphere of science education and health. The un should play a vital role in getting the leaders to crack the peace treaty among the warring nations. Many soldiers as well as civilians are losing their lives in this conflict from both sides and they should be given at most wattage. If world leaders and the countries will not leave their selfish interests and not stand up to resolve this issue then it might affect the rest of the world and can result in world war III.
Israel-Palestine – a timeline of the conflict:
Hope you’ll now know the main reason behind this ongoing conflict and found this post interesting as well as knowledgeable! Let me know in the comments. Stay tuned for the upcoming post!
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customised advice from a competent professional. This content is not plagiarised, and it is not intended to offend anyone’s feelings.
Hey Readers! Today I will be busting some common/random myths and give you’ll facts which might help you come out from misconception and also, this post might help you gain some knowledge. Click the button down at the end of the post to listen to […]
Science and TechnologyHey Readers! Today I will be busting some common/random myths and give you’ll facts which might help you come out from misconception and also, this post might help you gain some knowledge. Click the button down at the end of the post to listen to the article!
Fact: Dogs see other colours as well but not as much as humans do
2. Myth: in winter animals get cold and therefore, they hibernate.
Fact: they hibernate because of the scarce source of food in winter.
3. Myth: you should take vitamins to make your body healthier.
Fact: Only a doctor can say whether you should take vitamins or not.
4. Myth: You should always keep your house completely clean.
Fact: Completely cleanliness increases the chances of developing allergies.
5. Myth: Thomas Edison invented the electric lightbulb.
Fact: Edison only invented a method to keep bulbs constantly turned on.
6. Myth: Using an alarm clock is the best way to wake up.
Fact: Waking up suddenly is bad for your health.
7. Myth: Isaac Newton discovered gravity when an apple fell on his head.
Fact: The apple fell to the ground next to him. Its fall helped him understand gravity.
8. Myth: A door can be unlocked after firing a bullet.
Fact: A padlock shackle is thick and made of iron. A small bullet wouldn’t break it.
9. Myth: Our heart skips a beat when we sneeze.
Fact: The hearts rhythm sometimes changes when we sneeze, but it never stops.
10. Myth: Its easier to catch a cold when its actually cold.
Fact: Colds are caused by viruses, not air temperature.
11. Myth: healthy teeth should be perfectly white.
Fact: A tooths natural color is slightly yellowish.
12. Myth: Brown bread is healthier than white bread.
Fact: The calorie content of both brown bread and white bread is almost equal.
13. Myth: Humans only have 5 senses: sight, hearing, smell, tactile sense, and taste.
Fact: We have at least 21 senses. Example: sense of balance and temperature.
14. Myth: Brown sugar is healthier than white sugar
Fact: Brown sugar is the same as white sugar in that it contains the same amount of calories
15. Myth: Walt Disney first drew Mickey Mouse.
Fact: Mickey mouse was drawn by the company’s chief animator, Ub lwerks.
16. Myth: Bulls react aggressively to the color red.
Fact: They want to attack because of the movements in front of them.
17. Myth: Chameleons change their colour to blend in with their environment.
Fact: They change their colour to reflect their moods.
18. Myth: Carrots improve eyesight.
Fact: Carrots helps prevent muscle degeneration but they don’t improve your eyesight.
19. Myth: Chloroform immediately knocks out people for several hours.
Fact: It takes up to 5 mins for someone to feel the chemicals effects which then last for a short while.
20. Myth: The police can trace a phone call within a minute.
Fact: Tracing a phone takes about an hour.
21. Myth: the pin of a grenade can be dramatically pulled out with one’s teeth.
Fact: The person would have no teeth afterwards, and the grenade would still have a pin.
22. Myth: You should take a nap after lunch or any meal.
Fact: Sleeping after eating leads to weight gain.
23.vMyth: You can catch up sleep lost during the week at the weekend.
Fact: You need to sleep 7-8 hours a night.
Hope you’ll found this post interesting and knowledgeable as well as came out of misconception! Stay tuned for the upcomig posts.
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customised advice from a competent professional. This content is not plagiarised, and it is not intended to offend anyone’s feelings.
Hey Readers! Today I will be discussing how Coronavirus attacks your body and how a person lethally gets affected by it. Also, I will be explaining how a vaccine works in the human body and how it helps to fight the deadly virus. Lastly, I […]
Covid 19 Current AffairsHey Readers! Today I will be discussing how Coronavirus attacks your body and how a person lethally gets affected by it. Also, I will be explaining how a vaccine works in the human body and how it helps to fight the deadly virus. Lastly, I will tell you’ll which vaccine is the most effective and suitable for an individual. Click the button down at the end of the post to listen to the article!
How does Corona Virus attack your body?
Coronavirus has spike proteins on its outer layer. These spike proteins are very deadly as it helps the virus in entering the body, the genetic material inside it is known as RNA. RNA helps to multiply in a body. The virus can only enter the human body from the lungs and nowhere else. They cannot enter from a cell membrane as it is semipermeable and only allows protein etc to enter. Lungs have very sensitive cells.
Spike proteins of the virus get stuck with the receptors in the lungs which is the only source of entry for this virus and infect you. As the spike protein gets stuck with the receptors it pulls it inside the body and then the virus starts to The nucleus of a cell is unaware of a virus that has penetrated the cell.
The virus goes to ribosomes which multiply proteins. Causing them to multiply in a wink of an eye, with the help of genetic material(RNA) and ribosomes. This is known as replication. The immune system now starts to fight with the Covid 19 virus and due to this, a person gets a fever.
The immune system produces antibodies that stick to the spike proteins. If the virus now tries to enter from the receptors, the antibodies stuck on the spike protein won’t let that happen as the receptors cannot pull the virus inside because in between the receptors and the spike protein there are antibodies.
A human body should produce a lot of antibodies as there are thousands of spike proteins on one virus, If even one spike protein is left without any antibody it will make a way to enter the cells. People who have a weak immune system will die as they cannot produce antibodies. If the spike protein is removed from the virus it cannot enter the body at any cost.
How does a Vaccine work?
The basic function of a vaccine is that they produce more antibodies that help to kill a virus. RNA and DNA are the genetic material present in a virus and a human being. Most of the viruses in the world are small pieces of RNA. Humans have DNA in their cells. RNA is made with one strand whereas DNA is made of 2 strands. RNA is made way fast than DNA so a virus can multiply very swiftly.
Vaccines are made using RNA. After researching for months scientists, have found the RNA from which the virus was made. With the use of chemicals, they weakened the RNA or the genetic material. In simple language, scientists made a vaccine using the Coronavirus which is very weak and cannot react. The chemicals present in the vaccine produces more antibodies which help to fight the Coronavirus present inside our body.
Pfizer, Novawax, Sputnik V, AstraZeneca, Covisield, Bharat biotech are some of the vaccines which are available. As a person gets vaccinated, he might have a temperature because as told earlier the vaccine consists of Coronavirus which are very weak.
The antibodies being produced by the vaccine starts fighting the virus inside our body causing us to get a temperature. A person might test positive covid after taking 2 doses but the main benefit of getting vaccinated is that an individual won’t die of the virus. There should be a 28-to-40-day gap between the 2 doses of the vaccine.
A hand sanitiser, on the other hand, kills the virus’s genetic material and spike protein. A sanitiser is a better option than a vaccine but we cannot drink hand sanitiser so vaccines are made available for the body. If a person drinks hand sanitiser it might remove and burn all the receptors present in the lungs causing him/her to die. No vaccine is better than another. Any vaccine we take is going to do the same thing another vaccine would do.
SO PLEASE IF YOU ARE ELIGIBLE TO GET VACCINATED GET IT DONE AT THE EARLIEST.
Stay safe, wear a mask and maintain distancing 🙏
Hope you’ll find this post interesting as well as knowledgeable, let me know in the comments.
This information is correct and factual to the best of the author’s knowledge, but it is not intended to replace formal, customized advice from a competent professional. This content is not plagiarized, and it is not intended to offend anyone’s feelings.