Budget constraints have gone missing. That presents both danger and opportunity
It is sometimes said that governments wasted the global financial crisis of 2007-09 by failing to rethink economic policy after the dust settled. Nobody will say the same about the covid-19 pandemic. It has led to a desperate scramble to enact policies that only a few months ago were either unimaginable or heretical. A profound shift is now taking place in economics as a result, of the sort that happens only once in a generation. Much as in the 1970s when clubby Keynesianism gave way to Milton Friedman’s austere monetarism, and in the 1990s when central banks were given their independence, so the pandemic marks the start of a new era. Its overriding preoccupation will be exploiting the opportunities and containing the enormous risks that stem from a supersized level of state intervention in the economy and financial markets.
The Battle of Stalingrad began in August 1942, subjecting its residents to months of living hell. But few doubted that the city was worth defending; its significance to the Soviet project made it too important to abandon.
Below the Yucatán Peninsula in Mexico lies a submerged world of extraordinary beauty. Caves once created a subterranean labyrinth that the earliest human settlers seemingly associated with magic. After these passageways flooded at the end of the last Ice Age, they created reservoirs that proved essential for the success of Maya cities. Now a fascinating project is revealing the remarkable range of archaeology preserved in this underworld.
Goddesses and spiritual beings also display an impressive range, in this case of powers. There can be a tendency for modern audiences to focus on a single attribute – Venus as the goddess of love, for instance – but this obscures the remarkable breadth of gifts they could bestow on worshippers. An exhibition examining the nature of feminine power provides an opportunity to consider the divine and the demonised.
Species tend to live in narrower slices of mountainside on tropical versus temperate mountains. Stronger competition in the tropics explains this pattern for birds. For example, the habitable range of this white-tipped sicklebill (Eutoxeres aquila) is limited as a result of competition with its close relative, the buff-tailed sicklebill (Eutoxeres condamini). See page 416.
If you are the type of person who is loth to invest in firms that pollute the planet, mistreat workers and stuff their boards with cronies, you will no doubt be aware of one of the hottest trends in finance: environmental, social and governance (esg) investing. It is an attempt to make capitalism work better and deal with the grave threat posed by climate change. It has ballooned in recent years; the titans of investment management claim that more than a third of their assets, or $35trn in total, are monitored through one esg lens or another. It is on the lips of bosses and officials everywhere.
What lab-grown ‘mini-brains’ are revealing about this mysterious organ
Blobs of human brain cells cultivated in the lab, known as brain organoids or “mini-brains”, are transforming our understanding of neural development and disease. Now, researchers are working to make them more like the real thing
FEATURES – Historical plagues led to revolutions – could coronavirus do the same?
FEATURES – Scott Bolton on his missions to the gas giants of the solar system
FEATURES – What lab-grown ‘mini-brains’ are revealing about this mysterious organ
The cover shows an artistic impression of marine life in Indonesia’s coral reefs. The question of whether there are limits to biodiversity in the seas is typically addressed by examining the fossil record. In this week’s issue, Pedro Cermeño and his colleagues present a model that combines the fossil record with plate tectonics and Earth’s environmental conditions to offer insight into regional diversification of marine invertebrates. The researchers used the model to examine how biodiversity recovered after mass extinctions during the Phanerozoic eon, covering
some 500 million years of Earth’s history. They found that throughout the Phanerozoic, less than 2% of area of the globe covered by water showed signs of diversity levels reaching saturation. The team also note that as Pangaea broke up into continents, the stability of Earth’s environmental conditions allowed the development of diversity hotspots that helped to drive an increase in biodiversity in the late Mesozoic and Cenozoic eras.
We humans may think of ourselves, or possibly beetles, as typical Earthlings, but to a first approximation, life on Earth exists in the sea. And what spectacular life! Our special package on the oceans is teeming with images of eerie, delicate, elaborate, glowing and occasionally kind of frightening creatures that have rarely been seen by terrestrial species. The in-depth report was guided by sustainability senior editor Mark Fischetti along three main themes: mystery, discovery and surprise.
News, Views and Reviews For The Intellectually Curious
August 2022
Boomers Daily 