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'The great wealth transfer' is here: Billionaires set to give trillions to their kids - CNBC   

In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionaire Ambitions Report.

It marked the first time in the nine-year history of the report that newly minted billionaires accumulated more wealth from inheritance than starting a business.

Fifty-three heirs inherited a total of $150.8 billion in the 12 months ending in April, exceeding the total of $140.7 billion accumulated by 84 new self-made billionaires, according to the Swiss bank's report. The shift is likely to continue: The report said more than 1,000 billionaires are expected to pass $5.2 trillion to their children over the next 20 or 30 years.

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How to Get People to Actually Participate in Virtual Meetings - Harvard Business Review   

One of the most challenging aspects of a virtual meeting is keeping people’s attention. It’s important to be thoughtful about how you engage attendees. In the first minute of your meeting, help participants experience the problem you want them to solve by sharing statistics, anecdotes, or analogies that dramatize the issue. Then emphasize shared responsibility for solving it. Define a highly structured and brief task they can tackle in small groups of two or three people and give them a medium with which to communicate with one another (video conference, Slack channel, messaging platform, audio breakouts).  Then have the groups report out. Never go longer than 5-10 minutes without giving the group another problem to solve. The key is to sustain a continual expectation of meaningful involvement so participants don’t retreat into an observer role. When that happens, you’ll have to work hard to bring them back.

These days it’s hard to get people to pay attention in any meeting, but when people aren’t in the same room, it can be especially difficult. And it’s particularly annoying when you make a nine-minute argument, pause for an expected reaction, and get: “I’m not sure I followed you” which might as well mean: “I was shampooing my cat and didn’t realize I would be called on.”

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Narendra Modi’s expected re-election will inspire fear and hope - The Economist   

In a speech on India’s independence day in August 2023, his tenth as prime minister, Narendra Modi declared the country to be at a turning point. A new world order, he told the crowds, was emerging in the wake of the covid-19 pandemic. India was poised to shape this new order, thanks to its “trinity” of demography, democracy and diversity. “The world can see a spark for itself in this beam of light that is emanating from India,” he said.

India may indeed be at a turning-point with a general election due in 2024—just not quite in the way that Mr Modi suggests. Since he took office, India has grown from the world’s tenth-largest economy to its fifth (it could be third by 2027). It has become a key partner in America’s pushback against China. But there have also been persistent allegations from critics at home and abroad that Mr Modi has repressed political dissent and marginalised Indian Muslims. The coming year could be critical for the future of India’s democracy—and its relations with the West.

Leaders of Mr Modi’s Bharatiya Janata Party (BJP) deny eroding Indian democracy. They point to his 78% approval rating and his government’s record in tackling infrastructure, corruption and other problems that hindered growth under the Indian National Congress party, which ruled for 55 of the 76 years since India’s independence. The BJP says its “Hindutva” ideology seeks not to marginalise Muslims but to restore a national identity suppressed under Mughal and British rule.

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The Next Time You Want to Complain at Work, Do This Instead - Harvard Business Review   

We all spend too much time complaining at work. Why? Because it feels good, requires minimal risk, and it’s easy. When we complain about someone else, the uncomfortable feelings begin to dissipate because complaining releases our pent up energy. That’s why we say things like “I’m venting” or “I’m blowing off steam.” But complaining creates a number of dysfunctional side effects (beyond the time wasted): It creates factions, prevents or delays productive engagement, reinforces and strengthens dissatisfaction, riles up others, breaks trust, and, potentially, makes the complainer appear negative. Instead of complaining, take action. Be direct with the person who is causing your frustration. It’s not nearly as easy as complaining. But it will be far more productive and valuable.

I looked at my watch. It was 3:20pm. I had been on the phone for over an hour, almost all of that time listening to Frank*, a senior manager at Jambo, a technology company, complain about his boss, Brandon. Jambo is a company I know well — I have many ongoing relationships there from when I used to work with their CEO — but they are not, currently, a client. In other words, I wasn’t soliciting complaints or asking for feedback.

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