The downfall of Citi; a battle between former mentor and apprentice - Sandy Weil and Jamie Dimon

It is more fun criticizing

This resulted from personal conflict between the two.  Sandy got jealous of Jamie at Citi and personally took it against Jamie when Jamie assiggned his daughter to branch banking (which she wanted)

Jamie separated from Citi, joined Bank One and then set up the JP Morgan group.   Citii is now shadow of its old self.  Its no longer in the PHL

It was ironic that Sandy earlier lobbied for the banking and investment function be merged;   later he reversed himself.  Banking act of 1933 Glass -Steagell Act

After Covid difficulties, we are confronted with higher prices (inflation)

It is more fun criticizing

YT - Impending price increases

This week, the masses are facing a new round of big time fuel prices for diesel as much as P6.30  - P6.60/per liter.  With no fare increase in sight, the jeepney drivers are complaining.

The increase of prices cover:     pan de sal, meat products, condiments, other bread products.    The price increases are caused by increase in cost of inputs:     transportation, the Ukraine Russia war, adjustment in GP.   All ready certain businessmen are getting bad vibes about business in USA like Jamie Dimon of JP Morgan, and Ellon Musk of Tesla (who called for cuts in staffing and hiring)

What are some of the solution to the fuel price increase:

1.  Appeal by drivers to those who do not pay their fare, or do not pay the right amount;

2.  Request by driver to operators to reduce boundary from P500. to P450.  (a 10% decrease)

3.  Elimination of  excise taxes.  It looks like a no go option because the govt will lose about P200 billion

     in revenues.  A huge loss

May be this is the right time to fast and be fit:

1.  Walk do not ride;

2.   Reduce food intake

3.   Look for alternatives for your present food choices