Summary of “Deutsche Bank analysis on the frequency of financial crises”

Financial crises are happening more frequently, becoming almost a fixture of modern life, according to research by Deutsche Bank.
Deutsche Bank argues that crises have been increasingly frequent since the breakdown of the Bretton Woods system, which, after World War II, fixed exchange-rates and essentially linked them to the price of gold.
The Federal Reserve, Bank of Japan, and European Central Bank now hold more than $13 trillion of assets on their balance sheets, up from less than $4 trillion in 2007, according to Yardeni Research.
The modern framework can allow credit stockpiles to climb: Global government debt is approaching 70% of gross domestic product, the highest since World War II and up from less than 20% in the 1970s, according to Deutsche Bank.
“We think this leaves the current global economy particularly prone to a cycle of booms, busts, heavy intervention, recovery and the cycle starting again,” Deutsche Bank said.
Where will the next crisis come from? Deutsche Bank says there are plenty of things to worry about.
One of the most obvious problems is how to unwind central bank balance sheets of unprecedented size, during a time of record-high peacetime government debt, while bond yields are at multi-century low interest-rates.
The bank’s strategists say they’re “Quite confident” there will soon be another financial shock, a pattern that will be repeated until the world figures out a more stable financial framework.

The orginal article.

Summary of “Macy’s honors ‘Miracle on 34th Street’ with black-and-white balloon”

Before me stands a fully-inflated, 30-foot tall Macy’s Thanksgiving Day Parade balloon.
Piper’s referring to the fact that Harold, a slightly-smaller, but otherwise near pitch-perfect recreation of the parade balloon that appeared in the 1947 holiday classic Miracle on 34th Street, was certainly not black-and-white when the film’s producers captured it for the black-and-white film.
Highlighting one balloon from an immortal holiday film etched in the minds of multiple generations to celebrate its 70th birthday is surely a gimmick, or it would be if the histories of the film and parade weren’t so deeply intertwined.
The giant balloon was already part of the 1946 parade when it played a pivotal role in the film.
“Bringing back a balloon that hasn’t been seen in 70 years,” said Jordan Dabby, VP of partnership for Macy’s Thanksgiving Day Parade, was a perfect way to honor the legacy.
Because Harold was a real Macy’s Thanksgiving Day Parade balloon, which was retired after the 1946 parade, they had the original plans.
“Harold is smaller than most of the parade’s far more elaborate, modern balloons – he’s called a ‘medium-size” balloon – but with still-Paul-Bunyan-esque proportions.
With just black, white, six shades of gray, and only the most basic shapes and lines, Harold is not Macy’s most attractive Thanksgiving Day Parade balloon.

The orginal article.

Summary of “Does acupuncture work by re-mapping the brain?”

So why all the rancour against acupuncture from some corners of the internet? Shouldn’t we apply our modern research methods to see which classical acupuncture techniques have solid physiological backing?
A recent landmark meta-analysis threw together data from thousands of chronic-pain patients enrolled in prior clinical trials, finding that acupuncture might be just marginally better than sham acupuncture.
Interestingly, the slowing of nerve conduction at the wrist does not occur in isolation – it’s not just the nerve in the wrist that’s affected in CTS. My own department’s research and others’ has clearly demonstrated that the brain, and particularly a part of the brain called the primary somatosensory cortex, is re-mapped by CTS. Specifically, in functional magnetic resonance imaging brain scans, the representation of fingers innervated by the median nerve are blurred in S1. We then showed that both real and placebo acupuncture improved CTS symptoms.
Does this mean that acupuncture is a placebo? Maybe not.
While symptom relief was the same immediately following therapy, real acupuncture was linked to long-term improvement while sham acupuncture was not.
Thus, sham acupuncture might work through an alternative route, by modulating known placebo circuitry in the brain, while real acupuncture rewires brain regions such as S1, along with modulating local blood flow to the median nerve in the wrist.
In our study, we compared patients receiving real acupuncture locally to the wrist with patients receiving real acupuncture far from the wrist, in the opposite ankle.
Our results suggested that both local and distal acupuncture improved median nerve function at the wrist.

The orginal article.

Summary of “Where to Eat Kosher in Mexico City”

La Muertita-the Little Dead Woman-sets up her quesadilla stall every evening on a busy commercial thoroughfare called Prolongación in the hilly neighborhood of Bosques de Reforma on the western outskirts of Mexico City.
Since she first started selling quesadillas 58 years ago, La Muertita has followed Mexico City’s 40,000-strong Jewish community in its gradual migration across the city, from Polanco, near the city center, to Tecamachalco, just over the city line into the neighboring State of Mexico, and finally to the wooded suburbs of Interlomas and Bosques de Reforma.
In its drift to the west, the Jewish community has left behind a constellation of eateries scattered along an eight-mile swath of Mexico City’s vast urban landscape, some now serving their third and fourth generations of customers.
Working as peddlers, clothing vendors, and tailors, they built their lives around La Merced, at the time, Mexico City’s primary wholesale market and most important immigrant quarter.
The first synagogue in Mexico City, Monte Sinai, was established in 1918, primarily by Jews arriving from the Middle East.
Most recently, Mexico City has seen an influx of Latin American Jews escaping economic and political crises in Argentina and Venezuela.
Despite making up a miniscule percentage of Mexico City’s 24 million people, Jews have contributed immensely to the city’s public life, particularly in the last quarter century.
Some of Mexico City’s most important contemporary buildings were designed by Alberto Kalach, while Felipe Ehrenberg, Pedro Friedeberg, and Boris Viskin helped define Mexican art in the 20th century.

The orginal article.

Summary of “Scheduling Just 15 Minutes of “Personal Development Time” Into Your Calendar Can Change Your Life”

When you schedule personal development time on purpose, you are making time to design the life you want.
My approach to life and living it has changed in recent times because I respect “Me” time.
Take time for “You” because, the better you become, the less time it takes you to achieve your goals.
Isolate the most important areas of your life for growth - the ones that will help you develop the kind of life you really want - and hone in on those.
To really make personal growth a habit and help you stick to a daily or weekly plan, try reserving certain time slots in your week for those activities.
Taking time to regularly focus on you will help you start improving all the various areas of your life.
Make time for just 15 minutes of learning every day.15 minutes isn’t a lot of time compared to how much time you spend “working”, and it’s short enough for you to actually commit to it even during a commute.
Next time you wonder why you have not achieved your goals, think about how much time you dedicate to your professional and life goals.

The orginal article.

Summary of “How the worst NBA jersey ever became a rare collector’s item”

A 2003 message board thread starts out with vague support before universally agreeing they are bad. When creating a list of the worst basketball jerseys ever, these are a guarantee.
If you want his game-worn jersey from that night, you can pay $2,500.
Ebay doesn’t have the records anymore, and neither did Chris Cross, a German jersey collector who I talked with last month.
Cross purchased the Najera and Howard jerseys, and a jersey collecting friend named Eddie Luk bought the Nowitzki one.
As for the Howard jersey, Cross is pretty sure he sold it to the current owner, the one who has it listed on Ebay for $2,500.
That’s perfectly normal; some jersey collectors are private, and some don’t participate in the same jersey collecting social circles where Cross and Luk met.
Rivera is a jersey collector who lives in New York, and his jersey is a replica, not a game-worn one.
It’s not the best jersey I’ve ever seen, but the shimmer isn’t too bad in normal, natural lighting.

The orginal article.

Summary of “Windows Phone is now officially dead: A sad tale of what might have been”

Through 2016, Microsoft produced new builds for the Windows Insider program and added new features to Windows Mobile.
In developing Windows Phone and Windows Mobile, Microsoft made a number of fumbles.
Instead of seeing the iPhone and immediately starting development on Windows Phone, the company first tried to graft some basic finger-friendly interface features to the Windows Mobile-an operating system that remained fundamentally stylus-oriented-with miniature replicas of mouse interfaces.
Windows Phone 7 was derived from the old Windows Mobile software.
Windows Phone 8, released in late 2012, was not; it was a sibling to the desktop Windows operating system using the Windows NT kernel.
Windows Phone 7 devices couldn’t be upgraded to Windows Phone 8, leaving early adopters with phones that were prematurely end-of-lifed and a bad taste in their mouths.
Windows Phone 7 had a feature deficit relative to Android and iOS, and Windows Phone 8, rather than closing this feature deficit, was instead focused on updating and replacing the operating system’s core.
Doing so might well have made Windows Phone a more successful platform.

The orginal article.

Summary of “There Can Never Be Another Steven Spielberg”

How? After holing up on the lot of Universal Studios for months with little to do but fiddle with the phones and dream up ideas, a precocious college student named Steven Spielberg got the call-his shot had finally arrived.
Like a lot of Hollywood lore, the Steven Spielberg creation myth is difficult to resolve-an unconnected middle-class nerd from a non-prestigious school took his opportunity and made more of it than any person in the history of show business.
Luck, talent, timing, savvy-it takes all that to become a force as ubiquitous and influential as Steven Spielberg.
I knew then that Steven Spielberg had a brilliant future ahead of him.
There will never be anyone like Steven Spielberg again.
” After his first proper film, Kael hits upon the driving question of Lacy’s documentary: Is Steven Spielberg an artist, or just an entertainer?
It’s an essential dynamic: Steven Spielberg thinks about the audience as much as himself.
Not Spielberg, who encouraged Lucas, and was eventually rewarded with a small piece of the movie’s profit share after winning a lopsided bet over which movie would earn more money, Star Wars or Close Encounters of the Third Kind.

The orginal article.

Summary of “The Progressive Voice Bursting From Texas and Spreading Everywhere”

What he had to say most recently was a bit about the national anthem protests in the N.F.L. But what has made Hansen’s words reverberate, both in conservative North Texas and elsewhere, is that his resounding voice often delivers a point of view one might not expect from a local TV newsman: a progressive one.
Hansen’s latest commentary – in which he presented his Texas audience with a heartfelt defense of black Americans’ protests and an indictment of “White privilege” – was just the latest in a recurring segment, called “Hansen: Unplugged,” that has run on WFAA for years.
For Hansen, that’s about eight to 10 times a year.
The riffs have made Hansen something of an outlier: a local newsman with a national voice, a champion for social issues in a stick-to-sports world, a liberal voice in a deeply red state that’s as passionate about its sports as it is its politics.
Here in Texas, mixing those two religions is nearly a sin, but the cocky Hansen revels in taking on sacred cows, saying, “Oh, well, I’m agnostic anyway.”
Hansen has done little to promote, or embrace, his rising social media celebrity, though it seems to grow a little every time he opens his mouth.
Hansen, who served a stateside hitch in the Navy back then, wiped away tears as he called his friend the best third baseman that ever lived.
Hansen has been around long enough, and has seen enough, to know that.

The orginal article.

Summary of “How ‘Backyard Baseball’ Became a Cult Classic Computer Game”

The two computer game designers were co-owners in an industry fantasy league in which every team owner came from gaming studios that had licenses with Major League Baseball, and all the big names were represented.
Over the next few years, Humongous turned one game into a franchise, adding soccer, football, and basketball titles at the property’s peak popularity and placing atop the sales charts for all computer games, not just sports titles, in the early 2000s.
The original game is point and click, requiring only the left half of a computer mouse, and consists only of bright colors, sporting a palette of pinks and yellows, as the sun always shines; even its buoyant background music evokes a stroll to the ballfield on a sunny day.
“Like, ‘Oh, and this is the black color.’ That just seems so dumb.” A child playing the game might not notice the shading variation between Stephanie and Ricky Johnson, but Peyser hoped that better reflecting the real-world “Spectrum of skin tone” would make the game more authentic.
As the game was being finalized, a Colombian programmer working on the game heard Pablo’s dialogue and exclaimed, “Oh my God, that’s a white dude who’s trying to speak Spanish,” Moe remembers, but by then, it was too late in the production process to change.
The series allowed Humongous to top the “Education software” charts and, more broadly, matched or exceeded sales totals from other top computer game franchises like Civilization and RollerCoaster Tycoon.
Within five years of the first game’s release, the franchise exceeded 5 million total copies sold, and in December 2001, as Backyard placed basketball, baseball, and football titles near the top of computer game sales lists, an executive with the studio’s new parent company said, “The Backyard franchise has surpassed our wildest expectations, and shows no sign of weakening anytime soon.”
In the mid-2000s, Rodriguez appeared on the cover of a console edition of the game, and at the next season’s All-Star game, Olshan asked the MVP if he needed any briefing on the game before a press event.

The orginal article.