In the Netherlands, four-day workweeks are common. Dutch employees work an average of 32.1 hours per week, well below the EU average of 36 hours. The country also has one of the highest incomes per person in Europe. Higher wages are leading Dutch workers to trade additional income for leisure.—bbc.com
Author: RICHARD PARKIN
Federal Reserve Nominee Backs Reduction in Balance Sheet Size
The Federal Reserve nominee, Kevin Warsh, supports reducing the size of the Federal Reserve’s balance sheet. President Trump prefers lower interest rates to reduce the government’s cost of borrowing.—ft.com
Japanese Government Bond Purchases by the Bank of Japan
To end deflation, the Bank of Japan has for years been buying Japanese government bonds. As a result, after many years at zero or below, annual inflation has spent much of the past year above 3 percent. These bond purchases have also kept yields low and reduced the government’s cost of borrowing.—economist.com
Rafael Nadal’s Performance Measured by Elo Ratings
Nadal, 39, retired in November 2024 after years of battling injuries that ultimately ended hopes of extending one of the most decorated careers in tennis history. —dailysabah.com, December 15, 2025 Elo points measure how strong a player is based on match results. Beating stronger opponents increases Elo points more, while losing to weaker opponents decreases … Continue reading Rafael Nadal’s Performance Measured by Elo Ratings