There has been a ghastly rape in some Indian village. Two girls got raped and later hanged by the perpetrators after “they left their toilet-less home during the night to relieve themselves”.
Toilets are not the problem in India …
When the Swiss Franc started appreciating against the Euro (or was it the Euro depreciating against the CHF?) the Swiss National Bank vowed to fight tooth and nail to keep the Swiss Franc at a 1.20 parity “at all cost”.
Time to wonder how such a “fight” is fought, whether it can be successful and what are the consequences.
The currency “stabilisation” choices a central bank has
A central bank is the master of its own currency, i.e. the currency it is meant to issue.
In today’s world of unbacked (“fiat”) currencies even the Swiss Central Bank has no real restriction as to how many units of its currency it can create. It can virtually create infinitesimal amounts of it. Read more…
The Euro was probably the most hyped-in currency the world may have ever known.
That fact alone should have been reason for suspicion.
In this article we contrast some of the eulogies heaped on the Euro back in around 2001/2002 when it was introduced as a tangible currency with these past weeks’ near-obituaries.
As you may have noticed, CrisisMaven recently dabbled in speculative thought about the role of a universe-wide encyclopedia cum news service.
The reason this came about was that recently at the Large Hadron Collider around Geneva/Switzerland and crossing under the French border a team of scientists reported they had reason to believe that neutrinos created during the LHC experiments and to be captured in the neutrino observatory in Gran Sasso/Italy actually arrived there “ahead of time”, i.e. at a faster pace than currently allowed by the theory of relativity.
When these news first broke CrisisMaven felt it was too early to comment as the findings were highly and hotly disputed, even from amongst the collaborators, however, it reminded him of ideas about the role neutrinos might have in a universe teeming with natural (and artificial) intelligence. Read more…
Or: Space and the Universe are a Palimpsest
For those who have followed archaelogical progress over several decades (and reconstructed it from the very beginnings of “modern” archaeology starting probably with people like Schliemann trying to find Troy etc.) it is quite obvious that not only have many things been unearthed in recent years that former generations would have never believed to have existed but it seems clear that what has so far been found is but a fraction of what there is to be found at some future point; and then some, because probably most of the stuff will never be found, go unrecognised or being inadvertently destroyed, e.g. while excavating for a new underground rail system etc. Read more…
We have updated our References section and, for the first time, also published our References ordered by Subjects – probably the most comprehensive trove on Statistical, Economic, Monetary and Historical Data etc. … Read more…