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Benjamin Franklin, Advice to a Young Man on the Choice of a Mistress (1745)

My dear Friend,

I know of no Medicine fit to diminish the violent natural Inclinations you mention; and if I did, I think I should not communicate it to you. Marriage is the proper Remedy. It is the most natural State of Man, and therefore the State in which you are most likely to find solid Happiness. Your Reasons against entering into it at present, appear to me not well-founded. The circumstantial Advantages you have in View by postponing it, are not only uncertain, but they are small in comparison with that of the Thing itself, the being married and settled. It is the Man and Woman united that make the compleat human Being. Separate, she wants his Force of Body and Strength of Reason; he, her Softness, Sensibility and acute Discernment. Together they are more likely to succeed in the World. A single Man has not nearly the Value he would have in that State of Union. He is an incomplete Animal. He resembles the odd Half of a Pair of Scissars. If you get a prudent healthy Wife, your Industry in your Profession, with her good Economy, will be a Fortune sufficient.

But if you will not take this Counsel, and persist in thinking a Commerce with the Sex inevitable, then I repeat my former Advice, that in all your Amours you should prefer old Women to young ones. You call this a Paradox, and demand my Reasons. They are these:

1. Because as they have more Knowledge of the World and their Minds are better stor’d with Observations, their Conversation is more improving and more lastingly agreable.

2. Because when Women cease to be handsome, they study to be good. To maintain their Influence over Men, they supply the Diminution of Beauty by an Augmentation of Utility. They learn to do a 1000 Services small and great, and are the most tender and useful of all Friends when you are sick. Thus they continue amiable. And hence there is hardly such a thing to be found as an old Woman who is not a good Woman.

3. Because there is no hazard of Children, which irregularly produc’d may be attended with much Inconvenience. (more…)

Germany reports 1,707 new coronavirus cases in latest update today

The daily case count continues to rise

Virus
This beats yesterday’s count, which was the highest since the end of April.
The 1,707 new cases reported today sees the number of active cases across the country rise to ~14,500 and that is the most since 13 May. Meanwhile, another 10 deaths were reported and that brings the total tally on that front to 9,253 persons.

 

As the situation develops, just be mindful in case this starts to have more of an impact on the economy – either via restrictions or growing fears of the virus spread itself.
Elsewhere, India reported a record daily jump of 69,672 new coronavirus cases today. That brings the total confirmed cases across the country to over 2.8 million with the number of active cases sitting over 686,000.
For India, while the number of recoveries are encouraging, it is still growing at a slower pace compared to the infections spread.

FT report: China cautious on hitting back at US companies after Huawei sanctions

The Financial Times writes that despite mounting political pressure to unveil commensurate restrictions on US businesses in China, Beijing has historically been reluctant to retaliate. 

Analysts think officials will continue to hold back, as they are reluctant to upset the economic benefits and innovation US companies bring to China.
The US administrations targeting of China’s biggest technology groups incldueds moves against:
  • ByteDance
  • Tencent
  • as well as Huawei
Link to FT is here (may be gated).  The FT cite analysts (named in the piece) for the opinions.
If they are right perhaps US-China relations will not chill much further after all.
The Financial Times writes that despite mounting political pressure to unveil commensurate restrictions on US businesses in China, Beijing has historically been reluctant to retaliate. 

US stocks close near session lows. No new record close today

Stocks lost steam into the close

The major indices are closing lower on the day and near session lows. The move lower is being led by the NASDAQ index which is down around -0.57%.
Apple today traded above a market capitalization of $2 trillion. That was the 1st stock to have a capitalization over 2 trillion. The level was at $467.77. The price close below that level and $462.83.
Other highlights today include:
  • The S&P and NASDAQ snapped a today winning streak.
  • The Dow industrial average fell for the 3rd consecutive day.
  • The S&P reached a new intraday record up at 3399.54.
The final numbers are showing:
  • S&P index fell -14.83 points or -0.44% to 3374.95
  • NASDAQ index fell -64.383 points or -0.57% to 11146.46
  • Dow industrial average fell -84.64 points or -0.30% to 27693.43
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