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If you're reading this: BREATHE. This is Bloomberg Opinion Today, the private aspirations and drea
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If you're reading this: BREATHE. [Bloomberg](
This is Bloomberg Opinion Today, the private aspirations and dreams of Bloomberg Opinionâs opinions. [Sign up here](. Todayâs Agenda - Suffering from burnout? [Retire, kid](.
- Or visit [Mexico City]( to get off the grid.
- LâOccitaneâs [underwhelming bid](.
- Odds of a rate cut [come to a skid](. [A Poet]( [Trapped Inside the Body]( [of a Finance Guy]( When writing literally anything, whether it be a dissertation on Russian literature or a grocery list, you have to assume your audience has a certain level of knowledge. An English professor, for instance, doesnât need a definition for âGogolesque.â Your spouse, on the other (very clueless) hand, has no idea where to find Calabrian chiles in the supermarket, so you spell it out for them: AISLE 9, UNDER THE OLIVE SHELF, NEXT TO THE PIMENTOS â¦Â ITâS THE JAR WITH THE RED LID. MAKE SURE TO GET CRUSHED, NOT WHOLE!!!!! Which brings me to the topic at hand. Since youâre someone who reads the Bloomberg Opinion Today newsletter, Iâm assuming you know what a Bloomberg Terminal is. If you donât, thatâs my mistake. You can check out this [Wikipedia page]( or this [YouTube video]( or, if youâre in the mood for a lengthier education, thereâs [an entire book]( about it. But if youâre too lazy to do any of that, [this tweet]( pretty much sums up all you need to know: In addition to IB (thatâs Instant Bloomberg, for the uninitiated), the Terminal has functions for all sorts of things. Thereâs DINE , FLY , QUIZ , [the list]( goes on. My new favorite is CHLL , which is a deep breathing tool[1](#footnote-1) that tells you when to inhale and exhale. Itâs great, because now I actually have an excuse when my boss catches me staring blankly into the abyss. But really, burnout is real. And nobody knows that better than Karishma Vaswani, our columnist in Singapore. In her latest [free read](, she says the city-state is one of the most competitive, overworked and [stressed-out](societies on the planet. âThere is a silent [epidemic]( of depression and mental health hiding just under the surface as citizens struggle to balance work, life, family, and their own private aspirations and dreams,â she writes. Sometimes, the stress of having to hear [a Slack notification]( in your sleep is not worth all the effort. Thatâs how 31-year-old retiree Ashish Xiangyi Kumar feels, at least. Despite being Singaporeâs top Indian student in 2004 and graduating second in his class with a law degree from Cambridge, he [decided]( to leave his high-paying government job at a young age. Ashishâs realization â that life is about more than just good grades, the right job and the amount of money in the bank â was wise, albeit unorthodox. Karishma says âhis decision to retire at such a young age has prompted scores of Singaporeans to marvel at the path he has taken.â Elsewhere inunconventional career paths is HSBC CEO Noel Quinn, who [decided to quit]( his job today while heâs still ahead. During the first quarter earnings call, Paul J. Davies says the British bank chief made the surprise announcement that heâs [stepping down]( this year to find âa bit more balance in life.â Of course, the money doesnât hurt, either: Up until last year, he was one of the lowest paid banking CEOs in the world. But then his long-term incentive award vested in December, which doubled his pay to a satisfactory $13.3 million. Plenty of money to breathe easy, even without the aid of a Bloomberg Terminal. Itâs Not Just [Dua Lipa](: Everyoneâs Loving CDMX If deep breathing exercises arenât working for you, thereâs always Mexico City: Juan Pablo Spinetto [says]( digital nomads looking to escape the hustle and bustle of corporate America often âtake advantage of tourist visas to work from Mexico for up to six months and many extend that stay by simply leaving and coming back, while renting their own apartments at home to fund the adventure.â This obviously annoys locals to no end. Now, you canât walk a few steps in Condesa, Roma or Juárez without hearing snippets of English. âRestaurants have upgraded to cater to more demanding foodies with higher purchasing power. Bars and nightclubs offer hip options and Soho House [just opened]( a chic, baroque mansion in Juárez. And the rent that was so cheap a few years ago has risen to price out not only locals but foreigners too,â he writes. But telling [Californians]( to [go home]( to their Erewhon smoothies and scooped bagels wonât solve Mexico Cityâs problems. Gentrification may feel like [a big deal](, but JP says âthe reality is that issues such as [water shortages](, pollution, lack of social housing, deficient public transportation and extremely long commuting distances for workers are much bigger problems for chilangos, as natives are called.â Still, if youâre interested in visiting Mexico City, JP has some advice: âPlease, please, donât ever wear flip flops in Condesa â this is not Cancún!â And if you want a more authentic experience, get out of the prominent areas and try learning a bit of the language. You can start by reading his entire column [en español](. Telltale Charts Did you know LâOccitane owns Sol de Janeiro?! I didnât until I read this Andrea Felsted [piece]( about owner Reinold Geigerâs $6.4 billion bid to take the company private. To even the most casual observers, it sounds like heâs lowballing it. âGeiger obviously doesnât want to pay more than he has to, given worries about a sector slowdown,â Andrea explains. But unlike LâOccitane, whose products often grace the counters of upscale [hotel bathrooms](, Sol de Janeiro is [a hot property]( because of its TikTok-famous Brazilian Bum Bum Cream. Before you laugh at the name of that product, Iâd suggest you check your AmEx bill â your Gen Z daughter probably owns tubs of the stuff. âSol de Janeiro was founded in the US, and there is scope to expand it further in Europe and in Asia,â Andrea says. Given the success of the brand, shareholders shouldnât have to hold their nose and swallow a less-than-ideal price. In less than 24 hours, the monetary policy gods will meet to decide our fate, and itâs not looking like theyâre gonna announce rate cuts anytime soon. In addition to sticky core inflation, energy prices and a strong([ish]() stock market, Jonathan Levin [says]( âcompensation costs for civilian workers rose 1.2% in the first quarter from the previous three months, exceeding all economist projections.â Now, maybe youâre thinking: Shouldnât getting a raise beâ¦Â good? âItâs always strange to talk about wage increases as a bad thing â and theyâre not,â he notes â âbut in a world in which Fed policymakers were already on edge about stalling disinflation, theyâre clearly not great for the near-term interest rate outlook.â If you want to find out what will happen, [tune in]( to our livestream tomorrow as Jonathan reacts live to the decision with economist Claudia Sahm and Morning Consult chief economist John Leer. Further Reading Bidenâs [âplace-basedâ policies]( are good, not good enough. â Bloombergâs editorial board The Fedâs [quantitative easing program]( was way too expensive. â Bill Dudley Tesla needs to [pool expertise]( with rivals in order to keep pace. â David Fickling [A cease-fire deal]( is more realistic than eliminating Hamas. â Marc Champion Brands should stop funding [anti-doping efforts]( in sports. â Adam Miner The UKâs [capital gains tax]( is ineffective and drives up rents. â Stuart Trow This [Microsoft deal]( is just one step in the race to realize AIâs potential. â Yousef Al Otaiba Bidenâs [climate victories]( have gained little traction in public opinion. â Mark Gongloff Trumpâs [plans for the Fed]( make zero sense, even for him. â Tyler Cowen ICYMI Binanceâs founder got [four months]( in prison. Tyson Foods is a [toxic polluter](. The [cringiest interview]( of the week. Dave & Busterâs [lets you bet]( on [arcade games](. Itâs possible to find [a cheap EV](. Kickers Jet black [foundation]( is offensive. Daniel Radcliffe [outran]( Harry Potter. How to [forage for ant eggs]( in a Thai forest. Chinese-backed [streaming apps]( make millions. Barbra Streisand [apologized]( for her [Ozempic comment](. Notes: Please send your foraged ant eggs and feedback to Jessica Karl at jkarl9@bloomberg.net. [Sign up here]( and follow us on [Threads](, [TikTok](, [Twitter](, [Instagram]( and [Facebook](. [1] Itâs internal-only (sad!), but you can find [similar ones]( elsewhere. Follow Us Like getting this newsletter? [Subscribe to Bloomberg.com]( for unlimited access to trusted, data-driven journalism and subscriber-only insights. Before itâs here, itâs on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals canât find anywhere else. [Learn more](. Want to sponsor this newsletter? [Get in touch here](. You received this message because you are subscribed to Bloomberg's Opinion Today newsletter. If a friend forwarded you this message, [sign up here]( to get it in your inbox.
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