Chinese president Xi Jinping is the lead speaker at this week's Davos Agenda, the World Economic Forum's online summit.

Xi lays out four priorities for world:

1) Step up "macroeconomic policy coordination" and promote "strong, sustainable, balanced and inclusive growth of the world economy";
2) Abandon ideological prejudice and "jointly follow a path of peaceful coexistence." Says no country is superior to another. "There would be no human civilization without diversity," he adds, taking aim at "arrogance, prejudice and hatred";
3) Close the divide between developed and developing countries. "With the growth of developing countries, global prosperity and security will be put on a more (solid) footing"; and,
4) "Come together against global challenges and jointly create a better future for humanity." "No global problem can be solved by any one country alone. There must be global action, global response, and global cooperation."
Xi calls on the world to take down trade barriers and bolster G-20 as predominant body for "global economic governance."
This is rich. Xi says countries should rely on international law rather than seeking "supremacy."
Xi says a UN-led international order must be maintained, which I think speaks to China's understanding of its domination of multilateral bodies like the WHO.
"The misguided approach of antagonism and confrontation...would eventually hurt all countries' interests," Xi says as he rejects cold wars, hot wars, and trade wars.
"We need to deliver on the Paris agreement on climate change and promote green development...implement the 2030 agenda for sustainable development," Xi says.
Xi says China has built a "moderately prosperous" society, and "moderate socialist" society.
"It serves no one's interests to use the pandemic as an excuse to reverse globalization," Xi says, asserting China is still committed to "opening up" and keeping global supply chains "smooth and stable."
"Winner-takes-all is not the guiding philosophy of the Chinese people," Xi says.
Xi takes another swipe at "arrogant isolationism," saying, "Let us all join hands and let multilateralism light our way to a community with a shared future for mankind."
That concludes Xi Jinping's virtual Davos agenda keynote Key takeaways:

- We need to embrace UN-led international world order, and international law;
- Don't retreat from globalization – double down on it;
- Reject isolationism, embrace nondiscrimination
- Paris/2030 are great
WEF executive chairman Klaus Schwab is now heaping praise onto Xi, who very much knows what he's doing. He's not speaking to ordinary people, but to world leaders. China's embrace of the international order says little more than that China sees itself winning under this system.

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Watch the entire discussion if you have the time to do so. But if not, please make sure to watch Edhem Eldem summarizing ~150 years of democracy in Turkey in 6 minutes (starting on 57'). And if you can't watch it, fear not; I've transcribed it for you (as public service). Thread:


"Let me start by saying that I am a historian, I see dead people. But more seriously, I am constantly torn between the temptation to see patterns developing over time, and the fear of hasty generalizations and anachronistic comparisons. 1/n

"Nevertheless, the present situation forces me to explore the possible historical dimensions of the problem we're facing today. 2/n

"(...)I intend to go further back in time and widen the angle in order to focus on the confusion I  believe exists between the notions of 'state', 'government', and 'public institutions' in Turkey. 3/n

"In the summer of 1876, that's a historical quote, as Midhat Pasa was trying to draft a constitution, Edhem Pasa wrote to Saffet Pasa, and I quote in Turkish, 'Bize Konstitusyon degil enstitusyon lazim' ('It is not a constitution we need but institutions'). 4/n
Niger state shares borders with Zamfara, kebbi, Kaduna & Benin Republic. Terrorists from Niger republic and Burkina faso easily move money and arms across the borders of Kebbi, Zamfara and Benin R into Niger state. According to UN over 900,000 people have been displaced in B'Faso https://t.co/65YEMJhqDp


Niger, Mali and Burkina faso are weak countries populated by Shell terrorists who have now found a safe haven in the forests in Kaduna and Niger state. Birin Gwari, Mokwa forest, Nanati forests, Kanji lake areas.

No decent human resides permanently in forests.

We are facing both external and internal threats from these weak and failed countries we are surrounded with. As a senator you know that a FG police system with less than 300k officers can't actively police the landmass and borders in the North.
Form your state police now!

You and other senators should scrap the FG police system and devote the unaudited security votes and constituency allowance to policing your corridors and forests. Let the airforce bomb them and put your rangers in the forests. Issue an ultimatum for those in the forests to leave

You are all living in a dream if you think the current police structure will become efficient overnight.
Budget, Personnel, Technology, Equipment, Surveillance..It's impossible.
Form your state and community police and flush out the terrorists.

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I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.


I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.

In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.

So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.

Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.