Ray Dalio says the U.S. is going to have a debt crisis | How Entrepreneurs Can Overcome Their Fear of Talking to Strangers | Why the dream of fusion power isn't going away | The war in Ukraine is a powerful reason to enlarge -- and improve -- the EU

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� � � � � � You Might Like � � � � � � � � � Ray Dalio says the U.S. is going to have a debt crisis - CNBC    "We're going to have a debt crisis in this country," the founder of hedge fund Bridgewater Associates said in an interview with CNBC's Sara Eisen that aired Thursday. The two were speaking at a fireside chat at the Managed Funds Association. "How fast it transpires, I think, is going to be a function of that supply-demand issue, so I'm watching that very closely." U.S. debt levels surpassed $33 trillion for the first time this month as lawmakers negotiate a U.S. spending bill before the Oct. 1 deadline. A failure to reach an agreement could mean a government shutdown and raise the perceived risk of the country's debt. U.S. debt levels have ballooned in recent years, especially after a roughly 50% increase in federal spending between fiscal 2019 and fiscal 2021, according to the U.S. Department of the Treasury. Investors fear interest rates may keep rising as the U.S. fiscal situation worsens, hurting the demand for Treasurys. Continued here How Entrepreneurs Can Overcome Their Fear of Talking to Strangers - Harvard Business Review    For some young entrepreneurs, talking to strangers might feel intimidating. However, learning to communicate with people you don’t know is a vital skill to develop in entrepreneurship. Here are some strategies to get more comfortable: Peter, an aspiring entrepreneur at a start-up accelerator program, was anxious about talking to a potential customer. Most of his conversations up until that point had revolved around building his company and were limited to friends, family, mentors, and peers. They were all people he knew well. Speaking with a stranger was making him (very) uncomfortable. He picked up his phone, opened his mouth, and fumbled as he began to speak. Peter is one of the many young entrepreneurs that we’ve worked with as coaches focused on startup founders. Over the years, we’ve learned that approaching strangers is a common struggle among our clientele. Despite the research, which shows that talking to strangers can actually makes us happier, most of the founders we’ve met get inside their own heads, overthink the interaction, and end up finding the entire experience stressful. Continued here Don't like ads? Go ad-free with TradeBriefs Premium Why the dream of fusion power isn't going away - MIT Technology Review    Fusion could supply round-the-clock power with no carbon emissions, if it can overcome massive technical challenges. We shouldn’t give up on it. There’s a joke about fusion power that always comes up when people start talking about the technology. It goes like this: Fusion is the energy of the future … and it always will be. Fusion reactors could someday deliver cheap, abundant power with no carbon emissions using abundant fuel. But the promise of “someday” has been around for a long time without payoff. I’m fascinated by the way fusion has generated so much excitement and also so much skepticism. It’s the ultimate long shot in energy technology.  Continued here The war in Ukraine is a powerful reason to enlarge—and improve—the EU - The Economist    The horror of two world wars prompted France, West Germany and others to link arms and create what is today the European Union. Seventy years on, war has returned to the continent. Out of the rubble in Ukraine, something akin to the sentiment that moved the EU's founding fathers is stirring again. The talk now is of admitting as many as nine new members, including Ukraine. Joining the world's most successful club of peaceful, prosperous democracies would set that war-ravaged country—and fellow aspirant members in the Western Balkans, Georgia and Moldova—on a new and promising path. For the EU itself it would also be nothing short of historic, completing a grand continental union and marking the end of a process that started with victory over the Nazis. Bar one or two future applicants (perhaps one day including Britain), the shape of the EU would broadly be settled. But the way the EU works would have to change. Expanding the EU from 27 to, say, 36 will be tricky. But after a long time when the idea of enlargement was dormant—Croatia, the most recent new entrant, joined a decade ago—it is back on the agenda. Leaders from across the continent, including aspiring new members, will meet in the Spanish city of Granada on October 5th. The next day, those already in the club will lay out what reforms will be needed to keep the show running with more (and more diverse) members. An arduous process will follow. The applicants and the EU machine will both have to change. A mooted date of 2030 for the completed enlargement is optimistic, but worth striving for. Continued here

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