Banking on Bailouts
John Plender looks at the concept of "moral hazard" -- the idea that providing a safety net for the banking system during times of financial crisis will only encourage more risk taking later on.
John Plender looks at the concept of "moral hazard" -- the idea that providing a safety net for the banking system during times of financial crisis will only encourage more risk taking later on. The concept seems fairly sound, but the way it works on financial markets is more complex than people imagine, he writes. "Because so many holders of bank liabilities expect to be bailed out, they do not do enough homework on risk. That lack of discipline is then compounded by excessive reliance on all too fallible rating agencies. And because creditors underprice the risk taking of institutions that are too big or too interconnected to fail, systemically important outfits enjoy a lower cost of funds than they should."
Upstreamism advocate Rishi Manchanda calls us to understand health not as a "personal responsibility" but a "common good."
- Upstreamism tasks health care professionals to combat unhealthy social and cultural influences that exist outside — or upstream — of medical facilities.
- Patients from low-income neighborhoods are most at risk of negative health impacts.
- Thankfully, health care professionals are not alone. Upstreamism is increasingly part of our cultural consciousness.
The Bajau people's nomadic lifestyle has given them remarkable adaptions, enabling them to stay underwater for unbelievable periods of time. Their lifestyle, however, is quickly disappearing.
- The Bajau people travel in small flotillas throughout the Phillipines, Malaysia, and Indonesia, hunting fish underwater for food.
- Over the years, practicing this lifestyle has given the Bajau unique adaptations to swimming underwater. Many find it straightforward to dive up to 13 minutes 200 feet below the surface of the ocean.
- Unfortunately, many disparate factors are erasing the traditional Bajau way of life.
We explore the history of blood types and how they are classified to find out what makes the Rh-null type important to science and dangerous for those who live with it.
- Fewer than 50 people worldwide have 'golden blood' — or Rh-null.
- Blood is considered Rh-null if it lacks all of the 61 possible antigens in the Rh system.
- It's also very dangerous to live with this blood type, as so few people have it.
An innovation may lead to lifelike evolving machines.
- Scientists at Cornell University devise a material with 3 key traits of life.
- The goal for the researchers is not to create life but lifelike machines.
- The researchers were able to program metabolism into the material's DNA.
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