Finance: Why Do U.S. Banks Keep Going Bankrupt?

CNBC (April 3, 2023) – The collapse of Silicon Valley Bank, Signature Bank and Credit Suisse were a harsh reminder of how quickly a trusted institution could fail, putting billions of dollars at risk.

Over 550 banks have collapsed since 2001, according to the FDIC. So what exactly causes a bank to fail? And what implications does it have on the U.S. economy?

Chapters: 00:00 — Introduction 01:41 — Chapter 1 05:28 — Chapter 2 08:55 — Chapter 3

Opinion: China-US Danger Zone, Big Tech AI Race, Rice Fuels Diabetes Epidemic

April 3, 2023: A selection of three essential articles read aloud from the latest issue of The Economist. This week, the China-US contest is entering a new and more dangerous phase, how the tech giants are going all in on artificial intelligence (10:26) and why rice is fuelling climate change and diabetes (25:03).

Why the China-US contest is entering a new and more dangerous phase

Chinese officials rage at what they see as American bullying

Big tech and the pursuit of AI dominance

The tech giants are going all in on artificial intelligence. Each is doing it its own way

The global rice crisis

Rice feeds more than half the world—but also fuels diabetes and climate change

Heritage: WWII Concrete Bunkers, Western France

FRANCE 24 English (April 3, 2023) – Eight decades after World War II, the Atlantic Wall is still breaking up. Along the coast of Brittany, in western France, lie more than 1,000 bunkers. Most of these vestiges of German occupation are abandoned, but some have been given a new lease of life.

The submarine base of Lorient has become an ideal location for manufacturing carbon masts for yachts. Further west, on the tip of Finistère, a bunker has been transformed into a museum on the war.

Finally, on the Crozon peninsula, a young entrepreneur has decided to transform a network of tunnels built by the Allies into a brewery.

Art: ‘BASQUIAT × WARHOL PAINTING FOUR HANDS’ – Fondation Louis Vuitton

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BASQUIAT × WARHOL. PAINTING FOUR HANDS

In 2018, the Fondation featured the “Jean-Michel Basquiat” exhibition. It continues its exploration of the work of the artist, revealing, this time, his collaboration with Andy Warhol.

Jean-Michel Basquiat et Andy Warhol, Untitled (collaboration no.23) / Quality, 1984-1985

Between 1984 and 1985, Jean-Michel Basquiat (1960-1988) and Andy Warhol (1928-1987) created around 160 paintings together in tandem, “à quatre mains”, including some of the largest works produced during their respective careers. Keith Haring (1958-1990), who witnessed their friendship and collaboration production, would go on to speak of a “conversation occurring through painting, instead of words,” and of two minds merging to create a “third distinctive and unique mind.”

“Basquiat × Warhol. Painting four hands” is the most important exhibition ever dedicated to this extraordinary body of work and brings together more than three hundred works and documents including eighty canvases jointly signed by the two artists. Also featured are individual works by each as well as a set of works by other major artists (Michael Halsband, Keith Haring, Jenny Holzer, Kenny Scharf……) in order to evoke the energy of the New York downtown art scene of the 1980s.

Travel Tours: Chin Swee Caves Temple In Malaysia

Wind Walk Travel Videos ʬ (April 2, 2023) – Exploring Chin Swee Caves Temple (清水岩庙) located in the scenic site of Genting Highlands in Pahang, Malaysia. Chin Swee Temple is a Buddhist temple located 4,600 feet above sea level.

It was built by Lee Goh Tong, the late founder of Genting Highlands. The temple is dedicated to the Buddhist Monk Qingshui (清水), who was said to have possessed supernatural powers, perform miracles and defeat evil spirits.

UK Riverlands: The Beavers Of The Holnicote Estate

National Trust (April 2, 2023) – In this episode of The Wild Life, a new series of nature films from the National Trust, presenter Rob Bell meets the family of busy beavers at the Holnicote Estate in Somerset.

Rob takes part in some important conservation work and finds out how the beavers have been shaping the wetland habitat since they were brought to their enclosure in 2020. With an introduction from Julia Bradbury, this video also sheds light on wider work the National Trust is doing to reconnect rivers and streams to the surrounding landscape with its innovative Stage 0 project which is underway.

Rob learns how river restoration helps to ease challenges brought by climate change, including flooding and drought. The beavers also play a key role as ecosystem engineers and the dams they build hold water in dry periods and help to prevent flash flooding downstream.

Previews: The New Yorker Magazine – April 10, 2023

A pitcher prepares to throw the ball while the batter the umpire and the catcher all look at their own clocks.

The New Yorker – April 10, 2023 issue:

The Christian Liberal-Arts School at the Heart of the Culture Wars

Ronald Reagan and Margaret Thatcher walking together in Hillsdale College gear.

Conservatives like Ron DeSantis see Hillsdale College as a model for education nationwide.

By Emma Green

Conservative movements to reform education are often defined by what they’re against. At a recent public briefing, the governor of Florida, Ron DeSantis, decried the imposition of critical race theory and mandatory diversity-and-inclusion training at the state’s schools.

The Trump Show Moves to a Courtroom

The Trump Show Moves to a Courtroom

The former President’s campaigns against officials investigating him have supplied Joe Biden with a favored theme: the need to fortify democratic institutions.

By Benjamin Wallace-Wells

Preview: Archaeology Magazine – May/June 2023

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Archaeology Magazine (May/June 2023):

Roman Ruins Uncovered at England’s Exeter Cathedral

(BBC News reports that traces of a Roman street and timber buildings were uncovered in southwest England at the site of the cloister garden at Exeter Cathedral during an investigation ahead of the construction of a new cloister gallery.

England Exeter Cathedral

The Shaman’s Secrets

Germany Mesolithic Shaman Bone Headdress

An impressive selection of grave goods including roe deer antlers (top) that could have been worn as a headdress and boars’ teeth (middle) and tusks (above) with holes drilled in them enabling them to be suspended from an animal skin were found in a 9,000-year-old shaman’s burial.

Bad Dürrenberg is a modest spa town in eastern Germany, perched on a bluff overlooking the Saale River. On a Friday afternoon in 1934, workers were laying pipe to supply the spa’s fountain with water when they came across red-tinted earth. 

(Photographs Juraj Lipták)

Views: A Timelapse Tour Of Gran Canaria, Spain (4K)

Little Big World (April 3, 2023) – Gran Canaria is the third-largest and second-most-populous island of the Canary Islands in Spain.

Gran Canaria is one of Spain’s Canary Islands, off northwestern Africa. It’s known for its black lava and white sand beaches. Its southern beaches include bustling Playa del Inglés and Puerto Rico as well as quieter Puerto de Mogán and San Agustín. In the north, capital city Las Palmas is a major stop for cruise ships and duty-free shopping. The island’s interior is rural and mountainous.

News: Russian Offensive Fails, Trump Indictment, Taiwan-Guatemala Ties

The Globalist, April 3, 2023: The latest from Ukraine, Donald Trump’s indictment and impending court appearance, and Antony Blinken touches down in Europe. Plus: Taiwan’s Tsai Ing-wen’s tour of Belize and Guatemala, fashion news and Parisians vote on e-scooters.

News, Views and Reviews For The Intellectually Curious