I am a 38-year-old woman with three kids and a husband. I often find myself expecting people to disappoint me, and make appointments anticipating that they will back out at the last minute. I then start to play the role of the victim, the friend who has been let down, and this whole narrative begins in my head. I may invite a friend to something, but then come up with all the reasons why the thing...
I am a 38-year-old woman with three kids and a husband. I often find myself expecting people to disappoint me, and make appointments anticipating that they will back out at the last minute. I then start to play the role of the victim, the friend who has been let down, and this whole narrative begins in my head. I may invite a friend to something, but then come up with all the reasons why the thing is stupid and they wouldn’t want to come. I downplay it, saying: “Oh, it’s nothing fun”, and “Don’t worry if you can’t come”, even though I know I would have a great time. I’d love to let go of this mentality of preemptively thinking my friends will let me down, or that I’m not worth making time for. Any tips on how to move through these moments with compassion towards myself and others? Psychoanalytic psychotherapist Susanna Abse and I thought you were amazingly insightful. Not many people can look at their own behaviour and thoughts in this way. As Abse said: “You’ve done half the work of therapy, which is to notice relational patterns and own them. I’m impressed with this level of insight, although I sense it has led you to feel self-critical and bad about yourself.” double quotation mark In childhood, if the people you depend on most (parents usually) let you down repeatedly you are likely to develop a belief that it will happen again To function well, friendships and relationships need two baseline ingredients: confidence and a feeling of safety. Without these, emotional intimacy can’t ensue and we find it hard to make plans and to communicate how we feel effectively. Abse thought you may feel like this because it’s your default – probably (as so many things) formed in childhood. “We all have narratives and scripts in our heads about the nature of relationships, and generally they are shaped by childhood experiences. So I’m wondering if perhaps you experienced traumatic moments of being let down? This is hard enough in adulthood, but in childhood if the people you dep...
This is the third Gulf war and umpteenth outbreak of conflict since the United States took over as the dominant power and influence in the Middle East at the end of the cold war. And it is arguably the most dangerous, consequential and confused of them all. The destruction and chaos spreading across the region confirms the Middle East’s status as the world’s pre-eminent crisis factory, but it also...
This is the third Gulf war and umpteenth outbreak of conflict since the United States took over as the dominant power and influence in the Middle East at the end of the cold war. And it is arguably the most dangerous, consequential and confused of them all. The destruction and chaos spreading across the region confirms the Middle East’s status as the world’s pre-eminent crisis factory, but it also raises questions as to how US presidents so often declare they are ending US interference in the region, only to be lured back in. Since the second world war the US has set out to oust a government in the Middle East on average once a decade, and on almost every occasion it has left the country, and the US, worse off as unexpected consequences eventually emerge. As Donald Trump embarks on yet another regime change – this time in Iran, a country of 90 million people – the sense of foreboding is profound. Already the timelines are extending, and the sense is growing by the day that Trump is gambling with the fate of a country about which he knows next to nothing. The first Gulf war The first Gulf war, in 1990-91, at least had the advantage of being of a containable scope, purpose and duration. Once Saddam Hussein invaded Kuwait in a warped blow for pan-Arabism, George HW Bush pushed the Iraqi leader’s forces back with relative ease, maintaining a broad supportive Arab coalition, partly by ensuring Israel did not respond to Saddam’s provocations to become involved. Famously respecting the UN security council mandate to liberate Kuwait, but not invade Iraq, Bush decided not to pursue the routed Iraqi army to Baghdad. The ground campaign took only 100 hours. View image in fullscreen US 1st Cavalry Division troops deploy across the Saudi desert in November 1990 during preparations before the Gulf War. Photograph: Greg English/AP The onesidedness of that war has parallels with what is happening in Iran. Azmi Bishara, the Arab intellectual, called the former a model of war that me...
As the days pass since the earthquake that was the Gorton and Denton byelection, the result is being parsed in the usual ways. A mid-cycle protest vote and frustration with the pace of “delivery”. Some have even blamed the electorate itself. More reflective voices have called for a “reset” or a reaffirmation of “Labour values” – often shorthand for an internal recalibration. All of those contain f...
As the days pass since the earthquake that was the Gorton and Denton byelection, the result is being parsed in the usual ways. A mid-cycle protest vote and frustration with the pace of “delivery”. Some have even blamed the electorate itself. More reflective voices have called for a “reset” or a reaffirmation of “Labour values” – often shorthand for an internal recalibration. All of those contain fragments of truth. But none explains the scale of what now confronts Labour – and the country. This is not a communications problem. It is not a personality problem. It is not even primarily a leadership problem, though leadership is clearly an aggravating factor and a constraint on the scale of change required. This is a legitimacy problem: the legitimacy of a political status quo that appears to monopolise what is considered possible – the pace, scope and direction of change. And increasingly, even its right to govern within a democratic system. To understand its origins, we have to look beyond the news cycle. The crises since 2008 did not arrive in a vacuum. The financial crash exposed the fragility of an economic model decades in the making – shaped by Thatcherite marketisation, financialisation and the steady retreat of democratic control from key sectors of the economy. New Labour did not dismantle that settlement; it stabilised and deepened it. Margaret Thatcher herself recognised as much when she said her greatest achievement was New Labour. The architecture of liberalised finance, privatised infrastructure and deference to corporate power was not reversed. It was normalised. In the political economy of Peter Mandelson, architect of that thinking, proximity to wealth – politically, personally and in policy formation – became a mark of seriousness. Access became influence; influence shaped direction. Labour grew increasingly fluent in the language of markets, less confident in the language of democratic power. View image in fullscreen ‘Nothing short of a decisive bre...
Vietnam ’s new law regulating artificial intelligence could become Southeast Asia’s first real test of whether governments in the region are ready to move from voluntary guidelines to binding regulation, a shift analysts say could reshape how companies deploy AI across the region. The legislation, which took effect on Sunday, introduces a risk-tiered model where AI providers – both local organisat...
Vietnam ’s new law regulating artificial intelligence could become Southeast Asia’s first real test of whether governments in the region are ready to move from voluntary guidelines to binding regulation, a shift analysts say could reshape how companies deploy AI across the region. The legislation, which took effect on Sunday, introduces a risk-tiered model where AI providers – both local organisations and foreign entities with a presence in the country – must classify their systems as low, medium or high risk based on guidelines from the Ministry of Science and Technology. Companies must also explicitly label AI-generated content such as deepfakes and disclose to customers whether they are interacting with an AI bot instead of a human agent. Advertisement Vietnam’s National Assembly passed the law in December. The approach, which resembles the European Union’s AI Act, places a strong emphasis on accountability, transparency and safety. The Southeast Asian nation joins a small cohort, including the EU and South Korea, that have enacted legislation for AI, even as countries around the world move to enact guidelines and regulations on generative AI use. A Vietnamese shopkeeper uses her phone while waiting for customers at a grocery store in Hanoi on February 27. Photo: AFP The law “paves the way for Vietnam to deeply integrate with international standards while maintaining digital sovereignty”, the government said in a December report.
Robert Way/iStock Editorial via Getty Images NVIDIA Corporation ( NVDA ) stock has lost 3.8% since my last report , which largely is reflective of a broader market sell off with some added pressure for tech stocks. In this report, I discuss NVIDIA's Q4 earnings and update my price targets. While the market turmoil is not helping the current share price performance, I do believe the stock remains a...
Robert Way/iStock Editorial via Getty Images NVIDIA Corporation ( NVDA ) stock has lost 3.8% since my last report , which largely is reflective of a broader market sell off with some added pressure for tech stocks. In this report, I discuss NVIDIA's Q4 earnings and update my price targets. While the market turmoil is not helping the current share price performance, I do believe the stock remains a strong buy as we are seeing AI CapEx estimates increasing with more sovereign demand. Robust Data Center Growth Even Without China Nvidia Total revenues grew 19.5% sequentially and 73.2% year-on-year to $68.1 billion. Data center revenues grew 21.7% sequentially and 75.1% year-on-year to $62.3 billion. We see that Blackwell is ramping up and demand for AI is so high that older architecture GPUs also remain utilized. That is a clear indication that new-generation production cannot by itself satisfy demand. We are also seeing that AI models are moving from training to inference and agentic AI token generation is increasing. Besides that hyperscaler AI CapEx is increasing with estimated CapEx of $700 billion this year and as part of more autonomy, we are seeing sovereign demand for AI as well. The growth for data centers was driven by the Blackwell ramp including Blackwell Ultra and the ramp up for Rubin architecture chips is already planned for this year and next year. Another driver of growth is networking with NVLink sales up. Gaming revenues increased 47% sequentially and 30% year-on-year to $3.7 billion dirven by RTX GPU sales and AI PC inferences. However, in the PC and gaming markets we are seeing that supply chain constraints are driving up prices and that could limit growth in sales. Professional Visualization sales were up 73.8% sequentially and 158.5% year-on-year to $1.3 billion with AI workstation GPU sales growth driven by higher local usage of AI workflows and LLM development. Automotive and Physical AI revenues were up 2% sequentially and 6% year-on-year to $6...
Robert Way/iStock Editorial via Getty Images NVIDIA Corporation ( NVDA ) stock has lost 3.8% since my last report , which largely is reflective of a broader market sell off with some added pressure for tech stocks. In this report, I discuss NVIDIA's Q4 earnings and update my price targets. While the market turmoil is not helping the current share price performance, I do believe the stock remains a...
Robert Way/iStock Editorial via Getty Images NVIDIA Corporation ( NVDA ) stock has lost 3.8% since my last report , which largely is reflective of a broader market sell off with some added pressure for tech stocks. In this report, I discuss NVIDIA's Q4 earnings and update my price targets. While the market turmoil is not helping the current share price performance, I do believe the stock remains a strong buy as we are seeing AI CapEx estimates increasing with more sovereign demand. Robust Data Center Growth Even Without China Nvidia Total revenues grew 19.5% sequentially and 73.2% year-on-year to $68.1 billion. Data center revenues grew 21.7% sequentially and 75.1% year-on-year to $62.3 billion. We see that Blackwell is ramping up and demand for AI is so high that older architecture GPUs also remain utilized. That is a clear indication that new-generation production cannot by itself satisfy demand. We are also seeing that AI models are moving from training to inference and agentic AI token generation is increasing. Besides that hyperscaler AI CapEx is increasing with estimated CapEx of $700 billion this year and as part of more autonomy, we are seeing sovereign demand for AI as well. The growth for data centers was driven by the Blackwell ramp including Blackwell Ultra and the ramp up for Rubin architecture chips is already planned for this year and next year. Another driver of growth is networking with NVLink sales up. Gaming revenues increased 47% sequentially and 30% year-on-year to $3.7 billion dirven by RTX GPU sales and AI PC inferences. However, in the PC and gaming markets we are seeing that supply chain constraints are driving up prices and that could limit growth in sales. Professional Visualization sales were up 73.8% sequentially and 158.5% year-on-year to $1.3 billion with AI workstation GPU sales growth driven by higher local usage of AI workflows and LLM development. Automotive and Physical AI revenues were up 2% sequentially and 6% year-on-year to $6...
Families of those aboard Malaysia Airlines flight MH370 on Sunday urged the Malaysian government to extend a contract it signed with deep-sea exploration firm Ocean Infinity to continue a search for the aircraft that disappeared 12 years ago. The Boeing 777 was carrying 227 passengers and 12 crew when it vanished en route from Kuala Lumpur to Beijing on 8 March, 2014, becoming one of the world’s e...
Families of those aboard Malaysia Airlines flight MH370 on Sunday urged the Malaysian government to extend a contract it signed with deep-sea exploration firm Ocean Infinity to continue a search for the aircraft that disappeared 12 years ago. The Boeing 777 was carrying 227 passengers and 12 crew when it vanished en route from Kuala Lumpur to Beijing on 8 March, 2014, becoming one of the world’s enduring aviation mysteries. Multiple search operations for the plane have been conducted in the southern Indian Ocean since then but all have proved fruitless. Malaysia in March last year agreed to allow Ocean Infinity to resume the hunt under a “no find, no fee” principle, with the firm to be paid $70m only if the wreckage was successfully located. Malaysia’s Air Accident Investigation Bureau (AAIB) said on Sunday, however, that operations had not yielded any findings so far, after two search phases covering 28 days and about 7,571 sq km (2,923 sq miles) of seabed. Operations were periodically disrupted by weather and sea conditions, with the second phase ending on 23 January, the AAIB said. “The government remains committed to keeping the families informed and will continue to provide updates as appropriate,” it said. Voice370, a group representing families of those onboard, said it was unlikely for Ocean Infinity to resume the search before its contract ends in June, due to the coming winter months in the southern hemisphere and deteriorating sea conditions. It urged the government to grant any request for Ocean Infinity to extend its agreement, as well as expand the same terms to other interested exploration firms. “A simple addendum extending the contract period without altering the core terms of the agreement would allow the search to continue without delay,” it said. Ocean Infinity had conducted prior searches for the plane but failed to find substantive wreckage. Malaysian investigators in a 2018 report drew no conclusion about what happened aboard the flight, but d...
George Russell has won the Australian Grand Prix with a commanding drive from the front of the grid and with his Mercedes teammate Kimi Antonelli in second, securing a strong one-two for the team. He was ultimately in complete control in the first round of the new Formula One season in Melbourne on Sunday but only after Ferrari had brought a thrilling and feisty scrap to the opening stages, with C...
George Russell has won the Australian Grand Prix with a commanding drive from the front of the grid and with his Mercedes teammate Kimi Antonelli in second, securing a strong one-two for the team. He was ultimately in complete control in the first round of the new Formula One season in Melbourne on Sunday but only after Ferrari had brought a thrilling and feisty scrap to the opening stages, with Charles Leclerc and Lewis Hamilton finishing third and fourth for the Scuderia. Defending world champion Lando Norris was fifth for McLaren but there was absolute heartbreak however for the local fans as his teammate, the Melbourne-born Oscar Piastri, crashed out on the formation lap to the grid. The McLaren driver clipped the kerb at turn four and was taken by surprise in how much power he had when hitting the throttle and was spun out into the wall, to a collective gasp of despair across Albert Park – an incident for which he held his hands up as part of the learning curve in how these new cars behave. Max Verstappen delivered a typically determined comeback drive to claim sixth place from 20th on the grid for Red Bull and there was a striking debut for the British rookie Arvid Lindblad who claimed eighth for Racing Bulls, to take points on his F1 debut. Mercedes did confirm their position as early season favourites with Russell taking the flag three-seconds in front of Antonelli with Leclerc a full 15-second back. However it was only after Leclerc and Hamilton made blisteringly good starts, with the Monegasque taking the lead and proving to have the pace to match and scrap with Russell for the opening laps until Mercedes took advantage of an early VSC and with clean air, fresh rubber and no longer in a toe-to-toe fight, were able to make their superior pace tell. Ferrari in turn might rue not at least matching the Mercedes strategy with one of their cars. Coming on the back of an absolutely dominant performance in qualifying, in which Russell was the best part of a second...
Female fund managers in China oversaw a total of 6.8 trillion yuan ($984 billion) in assets as of March 6, Cailian reported on Sunday, citing data from Wind Information Co. The public fund industry employed 1,100 female fund managers, accounting for 27% of the total, said Cailian. Including co-management, assets run by women reached 18.95 trillion yuan, about 51% of total funds under management. I...
Female fund managers in China oversaw a total of 6.8 trillion yuan ($984 billion) in assets as of March 6, Cailian reported on Sunday, citing data from Wind Information Co. The public fund industry employed 1,100 female fund managers, accounting for 27% of the total, said Cailian. Including co-management, assets run by women reached 18.95 trillion yuan, about 51% of total funds under management. In terms of performance, 3,721 funds where women are involved in management — equivalent to 83% of all such portfolios — posted positive returns over the past year. Among them, 129 funds delivered returns of more than 50%, while 20 funds more than doubled, the report said.
takasuu/iStock via Getty Images By Jennifer Nash The S&P 500 finished the week at its lowest close since mid-December. The index finished the week with a loss of -2.0%, its largest in nearly five months, and is now 3.42% off its all-time high from January 27, 2026. Here is a snapshot of the index from the past week: The table below summarizes the number of record highs reached each year dating bac...
takasuu/iStock via Getty Images By Jennifer Nash The S&P 500 finished the week at its lowest close since mid-December. The index finished the week with a loss of -2.0%, its largest in nearly five months, and is now 3.42% off its all-time high from January 27, 2026. Here is a snapshot of the index from the past week: The table below summarizes the number of record highs reached each year dating back to 2013. Here is a snapshot of the index from the past six months with a 50-day moving average: S&P 500: A Perspective on Drawdowns On October 9, 2007, the S&P 500 reached an all-time high, closing the day at 1565.15. Then on March 9, 2009, the index dropped ~57% off of its high from exactly 17 months before, closing the day at 676.53. This time period became known as the Global Financial Crisis. It took over 5 years before the index reached a new all-time high on March 28, 2013, where it closed out at 1569.19. The chart below is a snapshot of record highs and selloffs since the 2007 peak reached on October 9, 2007. What happens if we take out the Global Financial Crisis? Here's a snapshot of the same chart above where the start date has been changed to the trough reached on March 9, 2009. Note the recent selloffs in 2022. Here are a few tables with the number of days of a 1% or greater change in either direction and the number of days of corrections (down 10% or more from the record high). And here is a linear chart of the index since October 9, 2007: Here is a linearly scaled version of the same chart with the 50- and 200-day moving averages. The index has been below the 50-day moving average since February 27th and above the 200-day moving average since May 12th. Additionally, the 50-day moving average has been above the 200-day moving average since July 1st. S&P 500: A Perspective on Volatility For a sense of the correlation between the closing price and intraday volatility, the chart below overlays the S&P 500 since 2007 with the intraday price range. On April 9th, 2...
Guido Mieth/DigitalVision via Getty Images Introduction Back when I first covered NNN REIT, Inc. ( NNN ), I highlighted their strong yield with 36 years of consecutive dividend increases, backed by a strong and resilient portfolio and financials. With a solid report released recently and a record level of acquisitions, NNN should see some revitalized growth in the near term while also standing to ...
Guido Mieth/DigitalVision via Getty Images Introduction Back when I first covered NNN REIT, Inc. ( NNN ), I highlighted their strong yield with 36 years of consecutive dividend increases, backed by a strong and resilient portfolio and financials. With a solid report released recently and a record level of acquisitions, NNN should see some revitalized growth in the near term while also standing to benefit from potential medium- and long-term macro improvements that can support higher prices. Internal Developments NNN REIT, Inc. IR NNN reported a solid Q4 and 2025 as a whole, beating the market’s estimates for the quarter and delivering an AFFO of $647.58 million in 2025, meaning about $3.44 per share compared to $3.35 in 2024, which is not bad given the environment they are facing, being in line with my previous estimate. The company continues to be in a solid position, with an occupancy rate of 98.3% (which is also their 20-year average), a well-diversified portfolio of automotive services (e.g., car washes), convenience stores, restaurants, entertainment, and more, and a geographically diversified asset base that helped them deliver long-term outperformance. NNN REIT, Inc. IR For 2026, NNN’s AFFO per share guidance is in the range of $3.52 to $3.58, meaning a 3.2% increase in 2026 compared to 2.7% in 2025, backed by the record acquisition volume of over $931 million completed in 2025 with an initial cap rate of 7.4% and a strong 17.6-year weighted average lease term. Following this massive boost, they expect a more moderate $550 million to $650 million acquisition volume in 2026, alongside $110 million to $150 million in disposition. I’ll also include this quote from the company’s CEO during their Q4 Earnings Call , as it highlights the company’s strengths and some insights into the near-term future of the industry that can be important for NNN and other investments alike: We've always operated in a highly competitive environment. There's always been competition. J...