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People in the Czech Republic have been paying more for electricity than citizens of any other country in Europe, according to a new report from Eurostat.  As Yookee reports, Germans, for example, are paying 37% less for electricity than the average Czech.  “After accommodating for the purchasing power of each currency to allow for country-to-country comparisons, this is by the highest price in all of Europe. This is almost one-fifth more expensive, after conversion according to purchasing power parity of the local currency, than the second-highest electricity price in the E.U,” said Lukáš Kovanda, chief economist from Trinty Bank. According to the Eurostat data, the average Czech household was paying about 4.66 CZK per kilowatt-hour last year, and consumed betweenContinue Reading

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“The will to win is meaningless without the will to prepare.” Winston Churchill To me, this quote represents a wonderful way to draw back the curtain on achievement. All of us have some sort of desire, deep inside.  Some may desire monetary success, some a certain skill, like excelling at sport or playing an instrument, or even writing.  The list goes on and on.  Given to daydreaming as a child, I would sit under the beautiful giant maple tree in our front yard and imagine all sorts of wonderful things for myself.  When my parents told me that I could be anything I wanted to be, I spent my time wanting Unfortunately, I never really got the prepare thing. Alas, noContinue Reading

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You probably already know that writer Franz Kafka was one of the famous people born in Prague. He is not only one of the most prominent writers of the 20th century, but also Prague’s most famous face. But did you know Prague is also home to many other great name? Here are three other famous people who were born in Prague. Martina Navratilova Born in the former Czechoslovakia in 1956, Navratilova is considered one of the best females tennis players of all time. She grew up and lived in Prague until 1975, when she requested political asylum in the US. Navratilova won 59 major titles, the most Gran Slam titles of any player during the Open Era. These included 31Continue Reading

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A legendary industrialist and creator of the world-famous shoe empire, Tomáš Baťa was a pioneer of technology, advertising, marketing, and business management. Born April 3rd, 1876 in Zlín, Czechoslovakia, Baťa’s father was also a shoemaker, continuing the family tradition that had been going since the 1600s. With his 11 siblings, Tomáš Baťa learnt the tricks of the trade early on in life, before travelling to Vienna to learn more about the shoe industry.   Baťa created his first shoe company with his brother Antonín, and sister Anna. All three of them put every penny they had into the business, and poured a lot of effort into systemizing everything, from modern (at the time) manufacturing methods, and introduced fixed schedules and weeklyContinue Reading

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“Virtually every good thing in my life I can trace back to a misfortune, so my feeling is you don’t know what’s good and what’s bad when things happen.  You do not know. You have to wait to find out.”                                                                                   Sebastian Junger I am especially fond of quotes that remind me to look beyond the obvious or awaken me to the counterintuitive things in life.  This quote is a wonderful example. In one of my TEDx talks titled “The Paradox of Adversity”, I explain how positive outcomes can be born in adversity. A bit of context may be needed here.  Stated simply, I believe that adversity is nothing more than a bully and, like all bullies, is a coward.  Now,Continue Reading

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“Wow, look at that!” I exclaim as I enter Zack’s room, and there is the church at Náměstí Míru staring at me from behind the window. It looks more prominent than ever. Zack laughs: “one of the reasons I moved to Prague is ‘cause the cost of living is great compared to New York City, where I grew up. I wouldn’t be able to afford anything like this anywhere in New York doing what I’m doing. I would have to be a lawyer or a doctor… And here, I can literally live off of busking if I have to,” he explains while his dog Cashew runs around and I scan the room. “So, here’s where the magic happens?” I point out the recording equipment scatteredContinue Reading

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Okay, when you think of digital media, you probably think of something like a video on YouTube. Something that you can access any time you want and for free. But NFT, a relatively new technology, is being used to make pieces of digital media sellable. It is taking the art world by storm now and art lovers, basketball fans and collectors alike are freaking out about it. This week, I will try to explain the latest internet buzzword. NFT stands for “non-fungible token”. That means you can’t exchange it for another thing of equal value. Unlike a €10 bill that can be exchanged for two €5 bills. Or a gold bar that can be swapped for another gold bar ofContinue Reading

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“There is no education like adversity.” Benjamin Disraeli What a wonderful, empowering frame of thought Disraeli presents us with in this quote.  So often, in my work, I find the approach that most make toward addressing an adversity is dread.  But, as I have witnessed many times, there is a transformation that takes place when one looks at adversity as an opportunity to actually learn something.  The transformation that takes place is one of perspective and mindset.  If you truly believe that you can learn something from whatever problem faces you, you are releasing your creativity and giving it permission to search out, analyze, and formulate solutions.  And then, what happens is, instead of being faced with a reaction to adversity,Continue Reading

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“Winners are just people who know when to quit—and do it often.”  Stephanie Lee In her article for the New York Times, Lee discusses the value of what she calls “strategic quitting”, or, quitting with intention.  Instead of looking at quitting as a failure, Lee says strategic quitting can represent a leap toward your goals. Many times we get hung up in thinking about time already invested—sunk costs—and resist stepping outside our thought process to ask a simple question: “Why am I doing this, anyway?”  When we get past the “sunk cost fallacy” and tunnel vision that caused the problem in the first place, we can come to the simple conclusion to just (strategically) quit whatever it is.  I mustContinue Reading

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How can mentoring help you in your career? An American Prague-based executive coach, Kristin Laronca Parpel, shares everything you need to know about mentoring before deciding to look for a mentor yourself. Who is it for? What do you need to invest in as a mentee? How to tell a good mentor from a bad one? Let’s have a closer look. Who is mentoring for? “It’s for somebody willing to look in the mirror. Someone who is brave and who wants to work on their personal development,” says Kristin. “If I talk to a potential coachee or mentee and I feel like they don’t want to be there for whatever reason, I tell them – why don’t you give itContinue Reading