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Saved by @CodyyyGardner

@Joe_Mayes Non-tariff barriers are other conditions/criteria which, even though are not tariffs, may end-up having a tariff-like effect, that is an increase of costs and, thus, of the price paid by the buyer (e.g. a theoretical example, a requirement that all beer exported to Belgium) 1/

 @BORIS_WATCH @Joe_Mayes 2/ In the theoretical example, a beer exporter would be forced to change his supplier of bottles or to invest in a separate bottling line for its production deemed for export to Belgium. Hence, the extra costs that will have to be covered (usually by the end-customer).
@BORIS_WATCH @Joe_Mayes 3/ Even though it might seem ridiculous, there are many real examples of such „disguised restrictions”. Under the EU Law they are prohibited in the relations between the EU member states because they hamper the free movement of goods.
@BORIS_WATCH @Joe_Mayes 4/ Coming back to the confusion created by the foggy official communication, this comes probably from the terminology used (sometimes incorrectly), insufficiently explained and superimposed on the promises made in 2016 (we will have the same conditions like we were in the SM etc)
@BORIS_WATCH @Joe_Mayes 5/ So, in international trade, charging import/export tariffs is the norm. There are also quotas and contingents (e.g. the quantities of a given product the exporters from country A are allowed to export to country). The quotas are also used by the EU.
@BORIS_WATCH @Joe_Mayes 6/ Contingents are quantities of products which can be traded at a lower tariff than the normal one.
@BORIS_WATCH @Joe_Mayes 7/ Tariffs are sums of money charged for the import/export of goods. Usually, these are set as % of the good's value. The classification of goods and the applicable tariff, per country of destination/origin are set usually in Customs Code.
@BORIS_WATCH @Joe_Mayes 8/ The Single Market (or, in the terminology used by the EU Treaties, as lastly amended by the Treaty of Lisbon in 2009, "the EU internal market") refers to the EU as one territory without any internal borders or other reg. to the free movement of goods and services.
@BORIS_WATCH @Joe_Mayes 9/ As of 1968, the EU (of EEC as it was called back then) became also a Customs Union (no customs duties at the borders between EU countries; a common customs code for the trade with non-EU).
@BORIS_WATCH @Joe_Mayes 10/ Customs Union means also reduced formalities for intra-EU deliveries (a company does not "export" from Germany to France, but it makes "an intra-EU delivery"). The formalities are simplified and they mainly serve statistical purposes or checks for special-regime goods.
@BORIS_WATCH @Joe_Mayes 11/ Conversely, seen from an EU company's perspective, any genuine export/import operation (when it sells or buys from a non-EU country) requires customs formalities(declarations, duties, proof of origin etc.), depending on the applicable trade regime with the partners' country.
@BORIS_WATCH @Joe_Mayes 12/ Well, the UK decided to exit the EU. It also decided to leave the Single (Internal) Market and the Customs Union. This means that, from a trade perspective, the UK is a 3rd country.
@BORIS_WATCH @Joe_Mayes 13/ Now, the Trade and Cooperation Agreement agreed between the EU and UK and referred by B. Johnson et al. as "the deal" is - in simple terms - a free trade agreement. This means that the parties agreed to set aside the most important barriers to intl. trade: tariffs and quotas
@BORIS_WATCH @Joe_Mayes 14/ So, based on the agreement (provisionally applicable by end of February), there are no tariffs/quotas between EU and UK. However, the absence of export/import tariffs and quotas do not change the qualification of the operation as an "export"/"import" of goods.
@BORIS_WATCH @Joe_Mayes 15/ Such operations occur between an EU and non-EU country. They are exports/imports, hence are subject to custom formalities. The UK and EU agreed on a special (simplified) customs regime and the TCA contains provisions of the customs and trade facilitation.
@BORIS_WATCH @Joe_Mayes 16/ However -and here is where the confusion originates - the EU-UK TCA DID NOT ABOLISH the customs formalities/border controls (or, from the UK's standpoint, didn't maintain the pre-31 Dec. 2020 regime, applicable when the UK was an EU member and during the transition period).
@BORIS_WATCH @Joe_Mayes 17/ In conclusion, TCA prevented the return to the (Stone Age-like) WTO rules. It helped the business with more predictability and allowed-to some extent- continuity.
@BORIS_WATCH @Joe_Mayes 18/TCA is a special free trade agr. but it is NOT placing the EU and UK (and their companies) in the exact same trading conditions as before Brexit. Sadly, the friction-less trade "a la Gove" and unicorns do not exist. To paraphrase Einstein, I am not sure about the unicorns. END

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Jason Choi
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As the DeFi bull market continues, some brutally honest tips for new founders fundraising in crypto.

👇


1/ The discount you offer to strategic investors is both to account for the risk of an unlaunched product, but also as compensation for continued value add and support.

So make sure you know the investor will support you and not leave you on read once the docs are signed!

2/ Having someone on your cap table/ token allocation is as important as hiring.

You wouldn't hire someone just because they are influencers on Twitter- you do your reference checks and find evidence of value add from other companies the investor has invested in.

3/ Don't trust, verify.

Many investors will promise you the world when they're trying to get on your cap table.

Talk to founders they backed to see how much of it is bullshit. Ask them about how the investor was there for them during hard times.

4/ Don't just go for "name brand" funds because you want the brand.

Sure, it's great validation, but optimize for fit, not vanity.

However, I do think many well-known VCs are good actors, especially those with roots in successful trad VCs. They have a rep for a reason!
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10-K Diver
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1/

Get a cup of coffee.

In this thread, I'll help you work out how much money you need to retire.

2/

The goal is simple.

You want to accumulate a *large* portfolio of assets.

How large?

Well, you should be able to quit your job. And you and your family should be able to live comfortably for decades -- just off of the income generated by this portfolio.

3/

This is the crux of the "FIRE" movement.

FIRE stands for "Financially Independent, Retired Early".

The basic philosophy is: keep your spending needs low. Save a large portion of your income. Invest these savings. With luck, you'll be able to retire early.

4/

FIRE advocates have a rule they love to cite: the 4% rule.

The 4% rule says: your annual expenses in retirement should not exceed 4% of your portfolio.

You can use this rule to calculate how large a portfolio you need to accumulate before you can quit your job and retire.


5/

For example, suppose you and your family need $40K/year to live comfortably in retirement.

Then you need to accumulate a portfolio that's at least $1M.

Another way to say this is: your portfolio should be at least 25 times your annual expenses in retirement.
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@itsKostasWithK
This year I started writing daily on Twitter about finance and investing and gained more than 500 followers in 2 weeks

Here are the main things I learned on Twitter growth

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2. Content
3. Engagement
4. Networking
5. Tools

/THREAD/

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You need to find a niche you are interested in and focus on it
E.g. finance, fashion, travel, etc.

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Don't wait to gain followers before posting. Nobody will follow you if they see an empty feed.

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Subhadip Nandy
Subhadip Nandy
@SubhadipNandy16
Rule 4 : If buying a naked option, always ensure that implied volatility is low. This can be understood from the level of IV vis a vis historical IV levels. Use IVR or IVP etc.
For a naked option to make money, it's better if IV rises or at least stays flat.


This is a thread I wrote on IV, IVR etc
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Bartek Kiepuszewski
Bartek Kiepuszewski
@bkiepuszewski
1/ If, after reading https://t.co/IzzATArtZl you are still confused how Alpha Homora and IronBank were hacked, here's how the hack was conceived

2/ Normally when you borrow funds from AH bank, your debtShare and totalDebt increases. Specifically if you want to borrow x tokens, your debt share will be calculated as:

share = x * totalShare / totalDebt

and it is added to totalShare

3/ All these numbers are very big integers (as token precisions are 18 digits) and the calculation is correct, but when totalShare = 1 (think 1 wei) and x < totalDebt, new debt share will be 0 (integer division)

4/ So if you manage to have AH bank with totalShare = 1, and some totalDebt you can repeatedly borrow less than the totalDebt (ideally totalDebt - 1) effectively doubling totalDebt in each iteration. You can do it as many times as you want, while totalShare will remain 1

5/ Eventually Iron Bank that supplies funds to AH will run out of funds, so when amounts get big enough (you are doubling each time), also make sure to replenish it with flash loan
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Did you know?

When Saudi Arabia's King visited India in 1955, PM Nehru ordered all the Hindu Temples and Idols of Hindu Deities that came in Saudi King's way to be covered up.
Our temples are the architectural marvels in their own league.


Each of our temples tells the story of our rich history and cultural heritage. Was Nehru that ashamed of his own nation's heritage that he had to cover them up or there was some other reason? The answer would be best known to him only.

PM Nehru invited the then Saudi King Saud bin Abdul Aziz to India who accepted the invitation and planned a 17 day long official visit to India in 1955. Saudi King had brought a large delegation with him and he had to visit various Indian cities like Mumbai, Hyderabad, Agra,


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Strange things are afoot at the Circle K. Let’s sort it out.

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1/ Two nights ago, Rupert Murdoch called on Mitch McConnell, after hours. Since then, two Fox News-related Twitter accounts have not tweeted.

2/ Trump fired Sessions on Wednesday, replacing him with human dildo/Putin collaborator Matt Whitaker. Sessions had asked to stay until Friday and was told to leave immediately. So there was clearly some urgency to install the dildo...er, puppet.

3/ The Democrats won the SHIT out of the Midterms. Come January, the House check on Trump will leave him so hobbled, he’ll be like the dude from Misery.

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👇 Thread. New deck getting published this week: "Consumer startups are awesome, and here's what I'm looking to invest in at Andreessen Horowitz." If you want to read it, subscribe to my newsletter here: https://t.co/262t8eh0wf


1/ A lot of new consumer technologies have been introduced to US households in the last 100 years. But it's taken many of them - like the telephone - more than 50 years to get to the majority of the US. Why is that?


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Sevak Sathaya
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Whatever political meeting or conference is held in this ground, we come here on the same night or morning hours to collect the Liquor bottles to sell in the scrap shop for 50 paisa to 1 rupee per bottle and we used to earn Rs 200 to Rs 400 on each such event.

Even in the last DMK meeting the very next day we collected around 1500 bottles. But for Modi's BJP meeting, we could not find even a single bottle in the whole ground. We are coming around and around and not a single bottle in any corner of the G Corner ground in Trichy,

we are much disappointed, sir!". Police seem were stunned and pleasantly surprised. This is what Modi magic does in this nation. Modi is the one who can lead our nation and make everyone prosper with hardwork in right direction and proper approach.

This funny but interesting anecdote was published by a statewide local daily Dinamalar. I have just translated and posting it here for rest of the nation;
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