Good morning. In China, a man was banned from all-you-can-eat BBQ for eating too much. The restaurant owner said Mr Kang was putting him out of pocket.
When Real Life imitates Comedy. "You no come back here! You been here 4 hour!"
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Ethiopia. The government has warned the United States against “spreading false information” as fighting in the country’s yearlong war draws closer to the capital. Ethiopia’s war is not only against forces from the country’s Tigray region “but also with colonialism of the powerful states of the West,” government spokesman said.
Germany. Three political parties have agreed to form a new government with left-leaning Social Democrat Olaf Scholz set to succeed Angela Merkel as chancellor following lengthy coalition negotiations. As part of the coalition agreement, the country plans to raise its minimum wage to €12 ($13.46) an hour, from the current rate of €9.60 ($10.77) an hour.
United States. Five lawmakers arrived in Taiwan on Thursday to meet with government officials, defying Beijing to visit the contested island. Taiwan holds a fraught position in the deteriorating relationship between Washington and Beijing. The congressional delegation's visit comes on the heels of another informal visit from US lawmakers earlier this month.
Solomon Islands. The government has advised all public servants to stay at home as violent protests continued for a third day on Friday, with crowds gathering at the Prime Minister's residence calling for his resignation. Honiara, the Solomon Islands capital, has been hit by civil unrest since Wednesday, with protests, looting and burning of shops and businesses.
1874 American inventor Joseph Glidden patents barbed wire
1970 In Basse-Terre, Guadeloupe, 1.5 inches (38.1mm) of rain fall in a minute, the heaviest rainfall ever on record
1971 American "Dan Cooper" hijacks plane, extorts $200,000 ransom before jumping out of plane over Washington State, never seen again
An Idea that is not Going Away
The Story Nigeria’s minister of state for aviation, Hadi Sirika, said that the country aims to launch a new national airline by April next year.
What's their plan on this? The FG will seek to sell a minority stake to a foreign airline or financial institution, the minister said, adding that the plan is one of President Muhammadu Buhari’s 2015 election campaign promises, which has been on and off the table. The government had suspended the plan in 2018, with no reason provided. The government will source a strategic partner via a procurement process to take a 49% stake in the new carrier, named Nigeria Air.
Why do they want a partner? Nigeria has been seeking to set up a national airline and develop its aviation infrastructure – currently seen as a barrier to economic growth – to create a hub for West Africa. But decades of neglect and lack of investment have left Nigeria with low-quality infrastructure. The FG has said that upgrading it will require private investment. The government plans to take 5% stake, with the remaining 46% held by local entrepreneurs, Sirika said after a cabinet meeting in Abuja. The government has said the airline will require initial capital of between $150m and $300m.
Previous Unsuccessful Attempt The country’s previous national carrier, Nigeria Airways, was founded in 1958 and wholly owned by the government. It ceased to operate in 2003. British wealthy man Richard Branson set up domestic and international carrier Virgin Nigeria in 2000 but pulled out in 2010 in frustration at what he said was interference by politicians and regulators. The airline he created, which was later rebranded Air Nigeria, closed in 2012 after collapsing under about N35b ($85.4m) of owings which left it unable to pay staff. SOURCE
FG Rejects Lekki Panel Report
The Story Nigeria’s government has rejected a judicial report that described the killing of peaceful protesters in Lagos in October 2020 as a massacre, saying it was strewn with errors and its conclusions were not backed up by evidence.
Really? The leaked report said the Nigerian Army fired live rounds at peaceful, unarmed protesters at the Lekki Toll Gate in Lagos last year. It said most of the army officers deployed to the Toll Gate were “not fit and proper to serve”, and recommended prosecuting certain policemen for their actions. Information Minister Lai Mohammed, however, told reporters in Abuja that the panel had submitted a report laden with allegations, adding that the report “is riddled by many errors, discrepancies. Its conclusion is not supported by evidence.”
Did the report not have names of casualties? The report identified 48 “casualties”, including 11 killed, four missing and presumed dead, and multiple people who suffered gunshot wounds. It added that nearly 100 other unidentified corpses in Lagos state could also be linked to the incident. The judicial panel that investigated the incident, as well as abuses by the now-abolished Special Anti-Robbery Squad (SARS) police division, released the report to the Lagos state government this month, but it was not immediately made public.
So there won't be punishments for the culprits? President Muhammadu Buhari has said that the FG will wait for pronouncements from state governments that set up the probe panels before deciding what action to take. The shootings ended weeks of nationwide protests against police brutality and sparked the worst civil unrest in Nigeria since the return to civilian rule in 1999. In the aftermath, rights groups accused security forces of a cover-up and depicted a pattern of intimidation of those who took part in the protests, including threats, detentions and asset forfeitures. SOURCE
Seeing The Light
The Story Bipartisanship is hard to find these days, but there’s one issue upon which seems millions of Americans are able to agree, and that’s getting rid of daylight saving time.
What's that? Daylight saving time, also known as daylight time or summer time, is the practice of adjusting clocks during warmer months so that darkness falls at a later clock time. The main purpose of Daylight Saving Time is to make better use of daylight. Clocks are adjusted during the summer months to move an hour of daylight from the morning to the evening.
What impact does it have? The U.S. candy industry saw a huge surge in revenue about 15 years ago, when the extra hour of daylight was pushed into early November and allowed for more trick-or-treating hours. Time-change expert Michael Downing, who unfortunately passed away earlier this year, says that the biggest proponent of daylight saving time is actually the Chamber of Commerce. By creating more hours of daylight, we create more hours for shopping after work.
Why do people want it stopped? Departments stores, lawn & garden stores, pro baseball and tennis, barbecue suppliers, and the golf industry all claim they add hundreds of millions of dollars in revenue thanks to daylight savings. More than a third of the country support getting rid of the time change that disrupts sleep patterns and creates confusion about Google calendars twice per year. No state can act without an act of Congress, even though over half the states in the country are in favor of a permanent spring forward. SOURCE
There’s A New Old Mummy On The Block
The Story There's a new discovery of something ancient that Egyptologists say will send our knowledge on the evolution of mummification packing.
What's the discovery? The preserved body of a high-ranking nobleman called Khuwy — first 'introduced' in 2019 — has been found to be far older than originally thought. It's been dated to the Old Kingdom, proving 4,000 year-old mummification techniques were actually highly advanced. Experts say Khuwy's mummification process and the materials used were quite sophisticated. The dressing was of exceptionally fine linen and the resin itself was high-quality — something not thought to have been achieved until 1,000 years later.
Could you make this simpler, please? Mummification refers to the methods used by the ancient Egyptians in embalming, or treating the dead body. Using special processes, the Egyptians removed all moisture from the body, leaving only a dried form that would not easily decay. According to Professor Salima Ikram, head of Egyptology at the American University in Cairo and a leading expert on the history of mummification: "If this is indeed an Old Kingdom mummy, all books about mummification and the history of the Old Kingdom will need to be revised."
What will this revision focus on? Ikram continues talking about the materials used, their origins, and the trade routes associated with them. "Until now, we had thought that Old Kingdom mummification was relatively simple, with basic desiccation — not always successful — no removal of the brain and only occasional removal of the internal organs. Indeed, more attention was paid to the exterior appearance of the deceased than the interior. Also, the use of resins is far more limited in the Old Kingdom mummies thus far recorded. This mummy is awash with resins and textiles and gives a completely different impression of mummification ... [it's] more like mummies found 1,000 years later."
National Geographic has a new documentary series about this and other majorly ancient discoveries. It's called Lost Treasures of Egypt. The mummification discovery is Episode 4 on November 28; it's creepily titled Rise of the Mummies. Of course, if you have the time and some really old linen and high-quality resin, you can show off your own mummy-fication skills this Halloween. Then again, for $2.99, you can get a Knife-Thru-the-Head Zombie mask. SOURCE
WHAT ELSE IS FRESH...
CBN says it has disbursed N41.2B to kickstart the "Nigerian Brown Revolution"
Subsidy: Nigerians to spend N6.7tn on fuel in 2022, NLC, Senate fault N5,000 palliative
Reps order Army chief, IGP to secure Abuja-Kaduna highway
UNIJOS, OOU, IMSU named among varsities with 707,189 illegal admissions
Lagos votes 59% for capital expenditure, Sanwo-Olu presents N1.388tn budget
Fraud in banking sector, mostly insider perpetrated – EFCC
NECO withholds results of candidates in owing states
Eat the rich! Why millennials and generation Z have turned their backs on capitalism. The Guardian
What is the world’s second-largest continent?
QUESTION & ANSWER
What is the most common wrong financial advice people give?
Most common for me is the refrain if you work hard and save, you will become rich or at least have enough for retirement.
1. Saving in a bank account for the last several years has yielded 1 percent or less, not even close to the inflation rate. By keeping your funds in a traditional savings account, you are losing funds, plain and simple. You have to invest.
2. “Working hard” by itself is not a key to financial success. Think of self-made wealthy menlike Gates, Bezos, Buffet, Musk, Oprah, Leon Cooperman, Marvin Ellison, and so on. Did they literally work a many more times harder than the person who spends 8 or more hours a day driving a cab, mining coal, assembling cars, teaching first graders, filing claims, landscaping or logging data? That would be physically impossible.
The way to wealth is to work SMART (as well as hard). Financial literacy is not part of our educational system. Yet all the info you’ll need is basically AT NO CHARGE—either thru books or the Internet in any library or through any computer/smartphone.
Will you take the time and effort to seek, study and learn it? SOURCE
The Central Bank of Nigeria (CBN), as part of its policy measures to address rising youth unemployment and underemployment, introduces the Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates and graduates of Nigerian polytechnics and universities, from seeking white-collar jobs to entrepreneurship.
The CBN Tertiary Institutions Entrepreneurship Scheme (TIES) aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.
Graduates of any Nigerian university or polytechnic within the past seven (7) years with entrepreneurial interest.
Scope of activities:
- Agribusiness – production, processing, storage, and logistics;
Information technology – application/software development, business process outsourcing, robotics, data management;
- Creative industry – entertainment, artwork, publishing, culinary/event management, fashion, photography, beauty/cosmetics; and
- Science and technology – medical innovation, robotics, ticketing systems, traffic systems, renewable energy, waste management. More Information
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