The Changing World Order
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The Changing World Order
''The Changing World Order: Why Nations Succeed and Fail'' is a 2021 book by Ray Dalio. Description According to Dalio, nation success depends on the cycles and like business cycles, empires have cycles too. So, it is not inevitable for a country to exist forever. As per him, the most important factor in the success of a nation is their investment in education. The book covers five centuries of history. Reception The book was reviewed by ''The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...'' in 2021. In 2022, it was included in the ''Toronto Stars list. References Business books 2021 non-fiction books English-language non-fiction books Simon & Schuster books {{Nonfiction-book-stub ...
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Ray Dalio
Raymond Thomas Dalio (born August 8, 1949) is an American billionaire and hedge-fund manager, who has been co-chief investment officer of Bridgewater Associates since 1985. He founded Bridgewater in 1975 in New York. Dalio was born in New York City and attended LIU Post, C.W. Post College of Long Island University before receiving an MBA from Harvard Business School in 1973. In 2013, Bridgewater was listed as the List of hedge funds, largest hedge fund in the world. Dalio is the author of the 2017 book, ''Principles (book), Principles: Life & Work'', about Management, corporate management and Financial economics, investment philosophy. As of December 2024, Dalio ranks #124 on Forbes' ''Richest People in the World'' with a net worth of $15.4 billion. Early life and education Dalio was born in the Jackson Heights, Queens, Jackson Heights neighborhood of New York City's Queens Borough. When he was 8, his family moved from Jackson Heights to Manhasset, New York, Manhasset in Nass ...
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Business Cycle
Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are many definitions of a business cycle. The simplest defines recessions as two consecutive quarters of negative GDP growth. More satisfactory classifications are provided by, first including more economic indicators and second by looking for more data patterns than the two quarter definition. In the United States, the National Bureau of Economic Research oversees a Business Cycle Dating Committee that defines a recession as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." Business cycles are usually thought of as medium-term ev ...
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The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ...
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Toronto Star
The ''Toronto Star'' is a Canadian English-language broadsheet daily newspaper. It is owned by Toronto Star Newspapers Limited, a subsidiary of Torstar Corporation and part of Torstar's Daily News Brands (Torstar), Daily News Brands division. The newspaper was established in 1892 as the ''Evening Star'' and was later renamed the ''Toronto Daily Star'' in 1900, under Joseph E. Atkinson. Atkinson was a major influence in shaping the editorial stance of the paper, with the paper reflecting his principles until his death in 1948. His son-in-law, Harry C. Hindmarsh, shared those principles as the paper's longtime managing editor while also helping to build circulation with sensational stories, bold headlines and dramatic photos. The paper was renamed the ''Toronto Star'' in 1971 and introduced a Sunday edition in 1977. History The ''Star'' was created in 1892 by striking ''Toronto News'' printers and writers, led by future mayor of Toronto and social reformer Horatio Clarence Hocke ...
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Business Books
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liability company. The taxation system for businesses is different from that of the corporates. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. A distinction is made in law and public offices between the term business and a company (such as a corporation or cooperative). Colloquially, the terms are used interchangeably. Corporations are distinct from sole proprietors and partnerships. Corporations are separate and unique legal entities from their shareholders; as such they provide limited liability for their owners and members. Corpora ...
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2021 Non-fiction Books
1 (one, unit, unity) is a number, numeral, and glyph. It is the first and smallest positive integer of the infinite sequence of natural numbers. This fundamental property has led to its unique uses in other fields, ranging from science to sports, where it commonly denotes the first, leading, or top thing in a group. 1 is the unit of counting or measurement, a determiner for singular nouns, and a gender-neutral pronoun. Historically, the representation of 1 evolved from ancient Sumerian and Babylonian symbols to the modern Arabic numeral. In mathematics, 1 is the multiplicative identity, meaning that any number multiplied by 1 equals the same number. 1 is by convention not considered a prime number. In digital technology, 1 represents the "on" state in binary code, the foundation of computing. Philosophically, 1 symbolizes the ultimate reality or source of existence in various traditions. In mathematics The number 1 is the first natural number after 0. Each natural numbe ...
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English-language Non-fiction Books
English is a West Germanic language that developed in early medieval England and has since become a global lingua franca. The namesake of the language is the Angles, one of the Germanic peoples that migrated to Britain after its Roman occupiers left. English is the most spoken language in the world, primarily due to the global influences of the former British Empire (succeeded by the Commonwealth of Nations) and the United States. English is the third-most spoken native language, after Mandarin Chinese and Spanish; it is also the most widely learned second language in the world, with more second-language speakers than native speakers. English is either the official language or one of the official languages in 57 sovereign states and 30 dependent territories, making it the most geographically widespread language in the world. In the United Kingdom, the United States, Australia, and New Zealand, it is the dominant language for historical reasons without being explicitl ...
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