destroying The Oil and Coal Market Is Bogus. It's a Setup, That is Destroying The Macro Consumer Market By blogs.siliconindia.com Published On :: The Oil and Coal Energy Market Is Bogus. It’s a Setup, That Is Destroying the Macro Consumer Market. November 21,... Full Article
destroying Cafeteria Christianity is Destroying Your Faith By www.ancientfaith.com Published On :: 2016-08-26T00:59:30+00:00 The scriptural readings for the eighth Sunday after Pentecost reveal a clear picture of who we are to be in Christ. St Paul teaches us that we are to be of the same mind, while St Matthew records the miracle of feeding the 5,000. Fr Thomas teaches us that we must consciously reject the choices the world presents to us, but rather fully immerse ourselves into the Church's life, which is transforming us into the likeness of God. Full Article
destroying Power in Weakness and Death Destroying Life By www.ancientfaith.com Published On :: 2020-10-27T21:39:37+00:00 Full Article
destroying Israel Relentlessly Destroying Hezbollah & Hamas | CBN NewsWatch October 30, 202 By www.cbn.com Published On :: Israel says it's reduced Hezbollah's rocket supply by 80%, and warns that if Iran strikes again then Israel could hit more valuable Iranian targets next time, Israel captures hundreds of Hamas terrorists, and Israel responds to international ... Full Article
destroying Creative Burnout Destroying Your Passion? (Try These 4 Quick Strategies) By chasejarvis.com Published On :: Mon, 16 Sep 2024 13:00:06 +0000 Feeling uninspired and exhausted? Discover how to overcome creative burnout with these 4 actionable strategies to reignite your passion. The post Creative Burnout Destroying Your Passion? (Try These 4 Quick Strategies) first appeared on Chase Jarvis. The post Creative Burnout Destroying Your Passion? (Try These 4 Quick Strategies) appeared first on Chase Jarvis. Full Article chasejarvisLIVE Podcast burnout creativity intuition Never play it safe passion productivity
destroying COP29 - Azerbaijan - Should a Climate-Destroying Dictatorshi... By www.atour.com Published On :: Sat, 26 Oct 2024 04:55:00 UT COP29 - Azerbaijan - Should a Climate-Destroying Dictatorship Host a Climate-Saving Conference? Full Article Armenian Assyrian and Hellenic Genocide News
destroying Is Technology Destroying Democracy? By f1.media.brightcove.com Published On :: Thu, 07 Feb 2019 00:00:00 +0000 Full Article
destroying Off-Road Drivers Are Destroying Ancient Artworks Stretching Across Chile's Deserts By www.smithsonianmag.com Published On :: Thu, 26 Sep 2024 21:40:04 +0000 As hundreds of motorists take to the desert, their tracks damage the massive geoglyphs made by Indigenous groups in northern Chile Full Article
destroying Is Store-Bought Cheese Slowly Destroying Your Health? Here's What You Need To Know By food.ndtv.com Published On :: Tue, 12 Nov 2024 15:34:37 +0530 Store-bought cheese is a go-to for many, thanks to its convenience and long shelf life. But what you might not realise is that it's actually doing some serious damage to your body in ways you wouldn't expect. Here's what you need to know. Full Article
destroying How Israel’s war risks destroying ties with Jordan and regional allies By www.jpost.com Published On :: Mon, 11 Nov 2024 03:28:44 GMT The longevity of peace treaties with Jordan and Egypt may create the impression that these relationships are immune to crises. However, this assumption should not be put to the test. Full Article Jordan Peace Saudi Arabia Middle East Israel-Hamas War
destroying Viewpoints: Is Tax Avoidance Destroying America? By Published On :: Sat, 14 May 2016 17:23:00 GMT Why don't the rich pay their fair share in taxes? Full Article
destroying Bombay HC restricts Customs Dept. from destroying artworks by famous artists F. N. Souza and Akbar Padamsee By www.thehindu.com Published On :: Thu, 24 Oct 2024 21:13:48 +0530 The artworks were seized in 2023 over allegations of obscenity Full Article India
destroying Correction: Hindering the unlimited proliferation of tumor cells synergizes with destroying tumor blood vessels for effective cancer treatment By pubs.rsc.org Published On :: Biomater. Sci., 2024, Advance ArticleDOI: 10.1039/D4BM90033B, Correction Open Access   This article is licensed under a Creative Commons Attribution 3.0 Unported Licence.Ya Liu, Yajun Xu, Ying Wang, Jianlin Lv, Kun Wang, Zhaohui TangTo cite this article before page numbers are assigned, use the DOI form of citation above.The content of this RSS Feed (c) The Royal Society of Chemistry Full Article
destroying How To Reapply Sunscreen Without Destroying Your Make-up By www.boldsky.com Published On :: Thu, 07 May 2020 15:17:02 +0530 No matter how much careful we are about our skincare, reapplying the sunscreen is still a step most of us have not mastered yet. Protecting your skin from the sun is one advice you might have heard constantly. From a skin Full Article
destroying Cosmic “Death Star” is Destroying a Planet By insider.si.edu Published On :: Wed, 21 Oct 2015 17:03:52 +0000 The Death Star of the movie Star Wars may be fictional, but planetary destruction is real. Astronomers announced today that they have spotted a large, […] The post Cosmic “Death Star” is Destroying a Planet appeared first on Smithsonian Insider. Full Article Science & Nature Space astronomy astrophysics Center for Astrophysics | Harvard & Smithsonian Smithsonian Astrophysical Observatory
destroying 2011 Japan tsunami unleashed ozone-destroying chemicals By www.livescience.com Published On :: Mon, 06 Apr 2015 16:33:38 +0000 The 2011 tsunami that struck Japan released thousands of tons of ozone-destroying chemicals and greenhouse gases into the air. Full Article Wilderness & Resources
destroying Marijuana growers may be destroying national forests By www.mnn.com Published On :: Mon, 12 Dec 2011 16:12:05 +0000 Marijuana smokers might praise their drug of choice as "natural," but pot growers in national forests all over the country have caused "severe" damage to these Full Article Wilderness & Resources
destroying New ozone-destroying chemicals discovered in atmosphere By www.mnn.com Published On :: Mon, 10 Mar 2014 13:30:04 +0000 Loopholes in the Montreal Protocol may need to be tightened, researchers say. Full Article Wilderness & Resources
destroying Adjustment of threads for execution based on over-utilization of a domain in a multi-processor system by destroying parallizable group of threads in sub-domains By www.freepatentsonline.com Published On :: Tue, 26 May 2015 08:00:00 EDT Embodiments provide various techniques for dynamic adjustment of a number of threads for execution in any domain based on domain utilizations. In a multiprocessor system, the utilization for each domain is monitored. If a utilization of any of these domains changes, then the number of threads for each of the domains determined for execution may also be adjusted to adapt to the change. Full Article
destroying Hedge Fund 'Asshole' Destroying Local News & Firing Reporters Wants Google & Facebook To Just Hand Him More Money By www.techdirt.com Published On :: Wed, 6 May 2020 09:49:20 PDT Have you heard of Heath Freeman? He's a thirty-something hedge fund boss, who runs "Alden Global Capital," which owns a company misleadingly called "Digital First Media." His business has been to buy up local newspapers around the country and basically cut everything down to the bone, and just milk the assets for whatever cash they still produce, minus all the important journalism stuff. He's been called "the hedge fund asshole", "the hedge fund vampire that bleeds newspapers dry", "a small worthless footnote", the "Gordon Gecko" of newspapers and a variety of other fun things. Reading through some of those links above, you find a standard playbook for Freeman's managing of newspapers: These are the assholes who a few years ago bought the Denver Post, once one of the best regional newspapers in the country, and hollowed it out into a shell of its former self, then laid off some more people. Things got so bad that the Post’s own editorial board rebelled, demanding that if “Alden isn’t willing to do good journalism here, it should sell the Post to owners who will.” And here's one of the other links from above telling a similar story: The Denver newsroom was hardly alone in its misery. In Northern California, a combined editorial staff of 16 regional newspapers had reportedly been slashed from 1,000 to a mere 150. Farther down the coast in Orange County, there were according to industry analyst Ken Doctor, complained of rats, mildew, fallen ceilings, and filthy bathrooms. In her Washington Post column, media critic Margaret Sullivan called Alden “one of the most ruthless of the corporate strip-miners seemingly intent on destroying local journalism.” And, yes, I think it's fair to say that many newspapers did get a bit fat and happy with their old school monopolistic hold on the news market pre-internet. And many of them failed to adapt. And so, restructuring and re-prioritizing is not a bad idea. But that's not really what's happening here. Alden appears to be taking profitable (not just struggling) newspapers, and squeezing as much money out of them directly into Freeman's pockets, rather than plowing it back into actual journalism. And Alden/DFM appears to be ridiculously profitable for Freeman, even as the journalism it produces becomes weaker and weaker. Jim Brady called it "combover journalism." Basically using skeleton staff to pretend to really be covering the news, when it's clear to everyone that it's not really doing the job. All of that is prelude to the latest news that Freeman, who basically refuses to ever talk to the media, has sent a letter to other newspaper bosses suggesting they collude to force Google and Facebook to make him even richer. Heath Freeman, who runs newspaper-owning hedge fund Alden Capital, is circulating a letter to other newspaper owners suggesting a campaign to push Google and Facebook to pay them fees pic.twitter.com/UJHFHCssOg — Ben Smith (@benyt) April 30, 2020 You can see the full letter here: Let's go through this nonsense bit by bit, because it is almost 100% nonsense. These are immensely challenging times for all of us in the newspaper industry as we balance the two equally important goals of keeping the communities we serve fully informed, while also striving to safeguard the viability of our news organizations today and well into the future. Let's be clear: the "viability" of your newsrooms was decimated when you fired a huge percentage of the local reporters and stuffed the profits into your pockets, rather than investing in the actual product. Since Facebook was founded in 2004, nearly 2,000 (one in five) newspapers have closed and with them many thousands of newspaper jobs have been lost. In that same time period, Google has become the world's primary news aggregation service, Apple launched a news app with a subsription-based tier and Twitter has become a household name by serving as a distribution service for the content our staffs create. Correlation is not causation, of course. But even if that were the case, the focus of a well-managed business would be to adapt to the changing market place to take advantage of, say, new distribution channels, new advertising and subscription products, and new ways of building a loyal community around your product. You know, the things that Google, Facebook and Twitter did... which your newspaper didn't do, perhaps because you fired a huge percentage of their staff and re-directed the money flow away from product and into your pocket. Recent developments internationally, which will finally require online platforms to compensate the news industry are encouraging. I hope we can collaborate to move this issue forward in the United States in a fair and productive way. Just this month, April 2020, French antitrust regulators ordered Google to pay news publishers for displaying snippets of articles after years of helping itself to excerpts for its news service. As regulators in France said, "Google's practices caused a serious and immediate harm to the press sector, while the economic situation of publishers and news agencies is otherwise fragile." The Australian government also recently said that Facebook and Google would have to pay media outlets in the country for news content. The country's Treasurer, Josh Frydenberg noted "We can't deny the importance of creating a level playing field, ensuring a fair go for companies and the appropriate compensation for content." We have, of course, written about both the plans in France as well as those in Australia (not to mention a similar push in Canada that Freeman apparently missed). Of course, what he's missing is... well, nearly everything. First, the idea that it's Google that's causing problems for the news industry is laughable on multiple fronts. If newspapers feel that Google is causing them harm by linking to them and sending them traffic, then they can easily block Google, which respects robots.txt restrictions. I don't see Freeman's newspaper doing that. Second, in most of the world, Google does not monetize its Google News aggregation service, so the idea that it's someone making money off of "their" news, is not supported by reality. Third, the idea that "the news" is "owned" by the news organizations is not just laughable, but silly. After all, the news orgs are not making the news. If Freeman is going to claim that news orgs should be compensated for "their" news, then, uh, shouldn't his news orgs be paying the actual people who make the news that they're reporting on? Or is he saying that journalism is somehow special? Finally, and most importantly, he says all of this as if we haven't seen how these efforts play out in practice. When Germany passed a similar law, Google ended up removing snippets only to be told they had to pay anyway. Google, correctly, said that if it had to license snippets, it would offer a price of $0, or it would stop linking to the sites -- and the news orgs agreed. In Spain, where Google was told it couldn't do this, the company shut down Google News and tons of smaller publications were harmed, not helped, but this policy. This surely sounds familiar to all of us. It's been more than a decade since Rupert Murdoch instinctively observerd: "There are those who think they have a right to take our news content and use it for their own purposes without contributing a penny to its production... Their almost wholesale misappropriation of our stories is not fair use. To be impolite, it's theft." First off, it's not theft. As we pointed out at the time, Rupert Murdoch, himself, at the very time he was making these claims, owned a whole bunch of news aggregators himself. The problem was never news aggregators. The problem has always been that other companies are successful on the internet and Rupert Murdoch was not. And, again, the whole "misappropriation" thing is nonsense: any news site is free to block Google's scrapers and if it's "misappropriation" to send you traffic, why do all of these news organizations employ "search engine optimizers" who work to get their sites higher in the rankings? And, yet again, are they paying the people who make the actual news? If not, then it seems like they're full of shit. With Facebook and Google recently showing some contrition by launching token programs that provide a modest amount of funding, it's heartening to see that the tech giants are beginning to understand their moral and social responsibility to support and safeguard local journalism. Spare me the "moral and social responsibility to support and safeguard local journalism," Heath. You're the one who cut 1,000 journalism jobs down to 150. Not Google. You're the one who took profitable newspapers that were investing in local journalism, fired a huge number of their reporters and staff, and redirected the even larger profits into your pockets instead of local journalism. Even if someone wants to argue this fallacy, it should not be you, Heath. Facebook created the Facebook Journalism Project in 2017 "to forge stronger ties with the news industry and work with journalists and publishers." If Facebook and the other tech behemoths are serious about wanting to "forge stronger ties with the news industry," that will start with properly remunerating the original producers of content. Remunerating the "original producers"? So that means that Heath is now agreeing to compensate the people who create the news that his remaining reporters write up? Oh, no? He just means himself -- the middleman -- being remunerated directly into his pocket while he continues to cut jobs from his newsroom while raking in record profits? That seems... less compelling. Facebook, Google, Twitter, Apple News and other online aggregators make billions of dollars annually from original, compelling content that our reporters, photographers and editors create day after day, hour after hour. We all know the numbers, and this one underscores the value of our intellectual property: The New York Times reported that in 2018, Google alone conservatively made $4.7 billion from the work of news publishers. Clearly, content-usage fees are an appropriate and reasonable way to help ensure newspapers exist to provide communities across the country with robust high-quality local journalism. First of all, the $4.7 billion is likely nonsense, but even if it were accurate, Google is making that money by sending all those news sites a shit ton of traffic. Why aren't they doing anything reasonable to monetize it? And, of course, Digital First Media has bragged about its profitability, and leaked documents suggest its news business brought in close to a billion dollars in 2017 with a 17% operating margin, significantly higher than all other large newspaper chains. This is nothing more than "Google has money, we want more money, Google needs to give us the money." There is no "clearly" here and "usage fees" are nonsense. If you don't want Google's traffic, put up robots.txt. Google will survive, but your papers might not. One model to consider is how broadcast television stations, which provide valuable local news, successfully secured sizable retransmission fees for their programming from cable companies, satellite providers and telcos. There are certain problems with retransmission fees in the first place (given that broadcast television was, by law, freely transmitted over the air in exchange for control over large swaths of spectrum), and the value they got was in having a large audience to advertise too. But, more importantly, retransmission involved taking an entire broadcast channel and piping it through cable and satellite to make things easier for TV watchers who didn't want to switch between an antenna and a cable (or satellite receiver). An aggregator is not -- contrary to what one might think reading Freeman's nonsense -- retransmitting anything. It's linking to your content and sending you traffic on your own site. The only things it shows are a headline and (sometimes) a snippet to attract more traffic. There are certainly other potential options worth of our consideration -- among them whether to ask Congress about revisiting thoughtful limitations on "Fair Use" of copyrighted material, or seeking judicial review of how our trusted content is misused by others for their profit. By beginning a collective dialogue on these topics we can bring clarity around the best ways to proceed as an industry. Ah, yes, let's throw fair use -- the very thing that news orgs regularly rely on to not get sued into the ground -- out the window in an effort to get Google to funnel extra money into Heath Freeman's pockets. That sounds smart. Or the other thing. Not smart. And "a collective dialogue" in this sense appears to be collusion. As in an antitrust violation. Someone should have maybe mentioned that to Freeman. Our newspaper brands and operations are the engines that power trust local news in communities across the United States. Note that it's the brands and operations -- not journalists -- that he mentions here. That's a tell. Fees from those who use and profit from our content can help continually optimize our product as well as ensure our newsrooms have the resources they need. Again, Digital First Media, is perhaps the most profitable newspaper chain around. And it just keeps laying off reporters. My hope is that we are able to work together towards the shared goal of protecting and enhancing local journalism. You first, Heath, you first. So, basically, Heath Freeman, who has spent decade or so buying up profitable newspapers, laying off a huge percentage of their newsrooms, leaving a shell of a husk in their place, then redirecting the continued profits (often that exist solely because of the legacy brand) into his own pockets rather than in journalism... wants the other newspapers to collude with him to force successful internet companies who send their newspapers a ton of free traffic to pay him money for the privilege of sending them traffic. Sounds credible. Full Article
destroying Letters: 'We are destroying ourselves, and it is needless' By rssfeeds.indystar.com Published On :: Sun, 29 Dec 2019 11:00:14 +0000 Everywhere I look I see the most heinous and immoral acts. Full Article
destroying Locusts destroying food supplies in the Horn of Africa By www.bbc.co.uk Published On :: Mon, 04 May 2020 13:47:59 GMT Billions of locusts are destroying food supplies in the Horn of Africa during the coronavirus outbreak. Full Article
destroying Is Technology Destroying Democracy? By feedproxy.google.com Published On :: Thu, 07 Feb 2019 00:00:00 +0000 Full Article
destroying Deadlier outbreaks could follow coronavirus pandemic if people don't stop destroying nature, say experts By meaww.com Published On :: Thu, 30 Apr 2020 00:00:00 GMT Rampant deforestation, uncontrolled expansion of agriculture, infrastructure development and exploitation of wild species have created a 'perfect storm' for the spillover of diseases from wildlife to people. Full Article
destroying [ Politics ] Open Question : Why are other countries like New Zealand and Australia destroying the virus while America is killing people off to restart the economy? By answers.yahoo.com Published On :: Sat, 09 May 2020 17:22:00 +0000 Full Article
destroying Prince Charles says humans are 'rapidly destroying' biodiversity as he urges care on Earth Day By www.standard.co.uk Published On :: 2020-04-22T13:51:53Z Prince Charles has warned we are "rapidly destroying" biodiversity across the planet. Full Article
destroying Lobbyist Sentenced for Destroying Evidence in Public Corruption Investigation By www.justice.gov Published On :: Fri, 3 Apr 2009 16:49:19 EDT A partner in a Pennsylvania-based lobbying firm was sentenced today by U.S. District Judge Henry H. Kennedy Jr., to five months of home detention for destroying evidence in connection with a public corruption investigation, Acting Assistant Attorney General Rita M. Glavin of the Criminal Division, U.S. Attorney Jeffrey A. Taylor for the District of Columbia, Assistant Director of the FBIs Washington Field Office Joseph Persichini Jr., and Special Agent in Charge C. André Martin of Internal Revenue Service (IRS) Criminal Investigation announced. Full Article OPA Press Releases
destroying Destroying trust in the media, science, and government has left America vulnerable to disaster By webfeeds.brookings.edu Published On :: Fri, 01 May 2020 15:34:28 +0000 For America to minimize the damage from the current pandemic, the media must inform, science must innovate, and our government must administer like never before. Yet decades of politically-motivated attacks discrediting all three institutions, taken to a new level by President Trump, leave the American public in a vulnerable position. Trump has consistently vilified the… Full Article
destroying Destroying trust in the media, science, and government has left America vulnerable to disaster By webfeeds.brookings.edu Published On :: Fri, 01 May 2020 15:34:28 +0000 For America to minimize the damage from the current pandemic, the media must inform, science must innovate, and our government must administer like never before. Yet decades of politically-motivated attacks discrediting all three institutions, taken to a new level by President Trump, leave the American public in a vulnerable position. Trump has consistently vilified the… Full Article
destroying Destroying trust in the media, science, and government has left America vulnerable to disaster By webfeeds.brookings.edu Published On :: Fri, 01 May 2020 15:34:28 +0000 For America to minimize the damage from the current pandemic, the media must inform, science must innovate, and our government must administer like never before. Yet decades of politically-motivated attacks discrediting all three institutions, taken to a new level by President Trump, leave the American public in a vulnerable position. Trump has consistently vilified the… Full Article
destroying Destroying trust in the media, science, and government has left America vulnerable to disaster By webfeeds.brookings.edu Published On :: Fri, 01 May 2020 15:34:28 +0000 For America to minimize the damage from the current pandemic, the media must inform, science must innovate, and our government must administer like never before. Yet decades of politically-motivated attacks discrediting all three institutions, taken to a new level by President Trump, leave the American public in a vulnerable position. Trump has consistently vilified the… Full Article
destroying Destroying trust in the media, science, and government has left America vulnerable to disaster By webfeeds.brookings.edu Published On :: Fri, 01 May 2020 15:34:28 +0000 For America to minimize the damage from the current pandemic, the media must inform, science must innovate, and our government must administer like never before. Yet decades of politically-motivated attacks discrediting all three institutions, taken to a new level by President Trump, leave the American public in a vulnerable position. Trump has consistently vilified the… Full Article
destroying Stop worrying. The finance sector isn’t destroying the economy By webfeeds.brookings.edu Published On :: Thu, 21 Apr 2016 12:13:00 -0400 A major oil spill will result in cleanup spending that boosts GDP, but no one thinks oil spills are good. Oil spills and other forms of pollution are examples of negative externalities — harm caused to others by the economic activity of a firm or industry. These externalities represent a failure of the market, and unless there is corrective action, their presence means that there is too much production of something that causes negative spillovers. That criticism can be applied to the financial services industry. Many say that it grew too large, triggered a financial crisis and damaged the rest of the economy. Is that still the case, and is financialization spoiling the economy? Despite the alarmist rhetoric around today’s finance sector, the answer is generally “no” because of changes made to financial regulation. First, a check on the facts: How large is the industry and how much has it grown? The broad definition of the financial sector includes finance, insurance and real estate, known by the acronym “FIRE.” It was 17.5 percent of gross domestic product in 1990 and rose to 20.0 percent in 2014, but that figure is misleading as it includes office and apartment rents and leases — stuff that has little to do with Wall Street. Finance and insurance separately peaked well before the financial crisis at 7.7 percent of GDP, which was up from 5.8 percent in 1990. In 2014, it was 7.0 percent of GDP. Employment in finance and insurance has been on a downtrend since 2003 and is currently 4.25 percent of total nonfarm payrolls. Most of those jobs are in offices and bank branches around the country. (The output data given here are drawn from the Bureau of Economic Analysis, GDP by Industry data. The employment data are from the Bureau of Labor Statistics, Payroll Employment data. Author’s calculations.) Still, salaries and bonuses at the top are extremely attractive, so perhaps the externality plays out by drawing the best and brightest away from other more productive activities. The Harvard Crimson reported that in 2007, 23 percent of graduating Harvard seniors said they planned to enter finance. That is an impressive number, but things turned around sharply, with the 23 percent figure falling to 11.5 percent in 2009 after the financial crisis. At this point, the financial industry really isn’t large enough to crowd out other parts of the economy. Meanwhile, the insurance industry serves an important social purpose providing life, property, and casualty insurance. AIG got into trouble in the crisis because it strayed into providing very risky financial services, not because of its main insurance business. Likewise, the core value of banks is financial intermediation between savers and investors, giving savers relatively secure and liquid assets while also funding investment. There are critics of how well our banking industry serves this core purpose, a quality that is hard to determine. My judgment is that it does the job pretty well compared to most other countries. As the IMF reported in September 2015, the non-performing loan problem among European banks remains severe, whereas most U.S. banks now have strong balance sheets. Good financial intermediation means that most of the savings dollars are transferred to investors and are not lost through inefficient bank operations. A 2002 study that I participated in found bank productivity higher in the United States than in France or Germany. The parts of the financial sector that give rise to the most concern are market-making, deal-making and the creation and trading of derivatives on Wall Street. The volume of market trading has increased exponentially because of the increased speed of computers and communications. Up to a certain point, the increased volume is helpful because it adds to the liquidity of markets, but the advent of high-frequency trading has taken us over the top. As Michael Lewis describes in his book Flash Boys, the high speed traders are finding ways to shave milliseconds off the time needed to make trades. That is thoroughly wasteful. As for deal-making, it has been going on for a long time — indeed the go-go years for deals were in the 1980s — so it is hard to blame the recent slowing of economic growth on this activity. Still, the explosion of derivatives and other overly-complex instruments was problematic, and it is crystal clear that the mortgage market became too opaque and removed accountability from the system. The layering of complex derivatives on top of lousy mortgages (and other shaky assets) distorted the economy, resulted in the overbuilding of houses, and caused the financial crisis. There are plenty of people at fault besides the bankers, but the smart people on Wall Street were driving the process, and they should have known better. The excessive financialization obscured the reality of loans that depended upon ever-rising home prices and thus were never going to be paid back. There was an externality because the private calculations of potential profit ignored the risks being imposed on society. Is that still the situation today? No. Things have changed. Banks and other financial institutions that create risks for the whole economy are now required to hold sufficient capital to cover losses even in periods of economic and financial stress, plus a liquidity buffer (they must pass “stress tests” administered by the Federal Reserve). The screws have been turned pretty tight, and the owners of large financial institutions will bear the costs of future failures — not taxpayers. This brings private incentives in line with the public interest, getting rid of the externality that gave us too much financialization in the first place. But to keep the future safe, we’ll have to make sure no one forgets what happened in the last crisis, and ensure that new risks are not created in other, less-regulated parts of the industry. Editor's note: This piece originally appeared in the Washington Post. Authors Martin Neil Baily Publication: Washington Post Image Source: © Jo Yong hak / Reuters Full Article
destroying Are Drugs Destroying the Amazon? By www.treehugger.com Published On :: Wed, 16 Feb 2011 09:28:26 -0500 When I wrote about the cocaine industry destroying rainforests, many commenters argued that really it is the prohibition of drugs—not the drugs themselves—that create these negative consequences. That debate will most likely get stirred up Full Article Science
destroying Why millennials are destroying our infrastructure, and why bike lanes destroy religious freedom By www.treehugger.com Published On :: Thu, 22 Oct 2015 15:12:01 -0400 And really, how self driving cars are an attack on freedom. Full Article Transportation
destroying Are pointless jobs destroying the environment? By www.treehugger.com Published On :: Thu, 06 Sep 2018 14:19:20 -0400 Anthropologist David Graeber thinks we could do without half our jobs. Full Article Business
destroying How 'Rick and Morty' explains why humans keep destroying the environment By www.treehugger.com Published On :: Fri, 14 Dec 2018 09:00:00 -0500 The sci-fi show pulls no punches when it comes to humanity's complicated relationship with work and nature. Full Article Business
destroying Banana-destroying fungus has arrived in South America By www.treehugger.com Published On :: Tue, 13 Aug 2019 11:00:00 -0400 Colombia has declared a state of emergency following discovery of Panama disease Tropical Race 4. Full Article Science
destroying RTX Voice: Noise-destroying tech put to the test By www.bbc.co.uk Published On :: Sat, 09 May 2020 06:50:01 GMT Two noise-cancelling AI systems - Nvidia RTX Voice and Krisp - are put to the test. Full Article
destroying The Oil and Coal Market Is Bogus. It's a Setup, That is Destroying The Macro Consumer Market By feedproxy.google.com Published On :: The Oil and Coal Energy Market Is Bogus. It’s a Setup, That Is Destroying the Macro Consumer Market. November 21,... Full Article
destroying Video shows Ryan Lochte and swimmers after destroying gas station bathroom By www.dailymail.co.uk Published On :: Sat, 20 Aug 2016 15:51:37 GMT Brazillian police have released footage of Ryan Lochte and three US swimmers at the Rio de Janeiro gas station where they claimed to have been robbed as swimmers say claims were fabricated. Full Article
destroying Is your manicure destroying your nails? By www.dailymail.co.uk Published On :: Sun, 09 Sep 2012 20:11:03 GMT Nail obsessives have been seduced by a new type of manicure that research suggests leaves nails thin, brittle and peeling. Full Article
destroying Selena Gomez thinks Instagram is 'destroying' people's lives and makes everyone want to be the same By www.dailymail.co.uk Published On :: Fri, 07 Feb 2020 00:41:40 GMT She may be the fourth most followed star on Instagram, but Selena Gomez wishes the app didn't exist and encourages younger generations to abandon their own identities. Full Article
destroying Nurseries around the world are destroying millions of flowers as demand drops during the coronavirus pandemic By www.businessinsider.in Published On :: 9 May 2020, 17:44 Full Article
destroying 'He's a national disgrace who's destroying London': Trump targets Khan in ANOTHER angry tweet By www.dailymail.co.uk Published On :: Sun, 16 Jun 2019 06:38:51 GMT Donald Trump deplored Sadiq Khan as 'a national disgrace' just hours after reigniting their feud with a stinging lash as London's blood-drenched streets saw three murders in 24 hours. Full Article
destroying Former prime minister Malcolm Turnbull accuses Donald Trump of destroying United States By www.dailymail.co.uk Published On :: Mon, 02 Dec 2019 03:41:18 GMT Former PM Malcolm Turnbull told guests at a Sydney yacht club Donald Trump was 'seeking to tear at' and destroy the United States. He met the US President at the White House in 2018. Full Article
destroying Chinese state media blasts Trump for 'destroying America's democracy and freedom' By www.dailymail.co.uk Published On :: Tue, 28 Apr 2020 15:36:32 GMT 'Numerous people are wondering how the US system can tolerate such a person as a president,' Chinese state-run tabloid Global Times accused in an opinion piece. Full Article
destroying Scorned woman is labeled 'toxic' for getting revenge on cheating boyfriend by DESTROYING his things By www.dailymail.co.uk Published On :: Thu, 02 Jan 2020 21:02:30 GMT A woman from Scotland was with her boyfriend for over a year when he cheated on her, She got revenge by destroying his stuff, cutting up clothes and putting meat and yogurt in his shoes. Full Article
destroying PETER HITCHENS: We're destroying the nation's wealth - and the health of millions By Published On :: Sat, 02 May 2020 23:08:18 +0100 PETER HITCHENS: Why do I bother? For six weeks I have been saying the Government's policy on Covid-19 is a mistake. Most people do not agree, and many are angry with me for saying so. Full Article
destroying Statins may help fight obesity 'by destroying bad gut bacteria' By www.dailymail.co.uk Published On :: Wed, 06 May 2020 16:27:22 GMT Researchers from Belgium found statins destroy bad gut bacteria that fuel cardiovascular disease and bowel cancer and are often found in obese people. Full Article