Observation

Robert Adamson’s final book is a search for recognition and a poetic tribute to his love of nature

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Tuesday, April 23, 2024
ABC, Face, Philosophy, Elder, Empathy, Ageing, Life, History, Baruch Spinoza, Observation, Nature, Manuscript, Food, Hawkesbury River, Spin, Theology, Human, Magpie, Poetry, Shivering, Love, Autobiography, Imagination, Literature, Taronga Zoo, Classical pantheism, Anxiety, Argonauts, Animal, Parent, Terror, Domestication, Book

Birds and Fish: Life on the Hawkesbury – Robert Adamson (Upswell) In 2004, Adamson published Inside Out: An Autobiography.

Key Points: 
  • Birds and Fish: Life on the Hawkesbury – Robert Adamson (Upswell) In 2004, Adamson published Inside Out: An Autobiography.
  • Adamson grew up in Neutral Bay on Sydney’s lower north shore, which afforded him ample opportunity to pursue his interest.
  • It is a terrifying, beautiful scene, recounted not by the fallen boy, of course, but the poet he became.
  • What I think I was aiming for when I stared into each bird’s eyes was some flicker of recognition, some sign of connection between us.
  • What I think I was aiming for when I stared into each bird’s eyes was some flicker of recognition, some sign of connection between us.
  • Theories of recognition have a long history, which in the Western tradition date back at least as far as Hegel.
  • Read more:
    Poetry goes nuclear: 3 recent books delve into present anxieties, finding beauty amid the terror

Blunt and honest

  • This was the year of Mr Roberts, the teacher who introduced me to poetry and what they called nature studies.
  • This was the year of Mr Roberts, the teacher who introduced me to poetry and what they called nature studies.
  • It helped, too, that Mr Roberts “knew a bit about birds” and that he was encouraging about projects and assignments.
  • The young Adamson lights up, a recognition undimmed, even when a new teacher tells him “to forget [his] ambition”.
  • Nature was blunt and honest.
  • There was no third party, no good manners, no god involved – no reasoning or theology, let alone spelling and maths.
  • Nature was blunt and honest.
  • It is to do with the field of being; you can project yourself back to the original lores, rites and rituals.
  • It is to do with the field of being; you can project yourself back to the original lores, rites and rituals.


Craig Billingham has previously received funding from The Australia Council for the Arts (now Create Australia).

Christine Lagarde: Unlocking the power of ideas

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Tuesday, April 23, 2024
CHIPS, Reproduction, International Energy Agency, Friends, Face, Learning, Theodore Roosevelt, CIT, The New York Times, Printing, History, Pleasure, Commerce Clause, Frankfurt, Artificial intelligence, Commerce, Wine, Congo, European Commission, Rail transport by country, USD, Inflation, Courage, Speech, Congress, Liberty, Hidden champions, ECB, Gibbons v. Ogden, Shock, Diffusion, Observation, Communication, International Monetary Fund, Ambition, GDP, Coal, IEA, McKinsey & Company, Electricity, EDS, European University Institute, Public policy, CHIPS and Science Act, Research, News, AI, EMU, Competition (economics), Robotics, Oxford University Press, Single market, Machine learning, Book, Australian Strategic Policy Institute, Solow–Swan model, European Central Bank, Democratic republic, Brain, Growth, Brookings Institution, European Council, Supreme, Steel, Natural Resources, Society, University of Chicago Press, Literacy, Necessary, Life, Diplomacy, Heart, Optimism, Economic growth, European Investment Fund, Renewable energy

Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.

Key Points: 
  • Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.
  • The housing cost burden has, however, increased slightly for both renter and mortgage households at the upper end of the income distribution.

Decomposing systemic risk: the roles of contagion and common exposures

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Tuesday, April 23, 2024
Tao, CIBC, Tax, RWA, Risk, European Systemic Risk Board, Research Papers in Economics, Contagion, RT, The Big Six, NBC, International, Shock, Observation, Bank of Canada, HTC, European Economic Association, The Washington Post, Great, JPMorgan Chase, Paper, GM, Environment, Political economy, Journal of Financial Economics, COVID-19, Perception, BNS, Website, Silicon, IAT, Cifuentes, Probability, Balance sheet, RAN, Medical classification, Algorithm, Information technology, Quarterly Journal of Economics, LN, Nature, European Journal, Royal Bank of Canada, Technical report, Journal of Political Economy, Equitable Bank, Bankruptcy, RAI, PDF, Private, ECB, Policy, CHS, Supercapacitor, Social science, Journal of Financial Stability, Intelligence (journal), Elsevier, Home, Cambridge University Press, Journal, Springer Science+Business Media, Research, Classification, Regulation, News, EQB, Credit, Literature, AIK, European Central Bank, COVID, SVAR, Section 5, Management science, DRA, M4, VL, National bank, Government, ISSN, BMO, Panel, International Financial Reporting Standards, BIS, FIS, Basel III, Commerce, Scotiabank, C32, Econometric Society, Interbank, Fraud, Section 4, Bank, Schedule, VAR, Section 3, The Journal of Finance, RBC, Volcanic explosivity index, Fire, Wassily Leontief, Financial economics, Metric, Section 2, L14, Central bank, Superintendent, Bank of Montreal, Kronecker, BOC, Lithium, BCBS, Sale, Macroeconomic Dynamics, Christophe, CWB, LBC, NHA, Imperial Bank, Private equity, Quarterly Journal, National Bank of Canada, C51, Canadian Western Bank, Currency crisis, JEL classification codes, Victor Drai, L.1, MFC, Silicon Valley Bank, EB, Laurentian Bank of Canada, Federal, RA1, Series, W0, FEVD, Journal of Econometrics, Aggregate, University, FRB, MB, Financial institution, Element, Health, Book, Angels & Airwaves, Common, OSFI, GFC, Reproduction, K L, Systematic, Housing, G21, Home Capital Group, Communications satellite

Abstract

Key Points: 
    • Abstract
      We evaluate the effects of contagion and common exposure on banks? capital through
      a regression design inspired by the structural VAR literature and derived from the balance
      sheet identity.
    • Contagion can occur through direct exposures, fire sales, and market-based
      sentiment, while common exposures result from portfolio overlaps.
    • First, we document that contagion varies in time, with the highest levels
      around the Great Financial Crisis and lowest levels during the pandemic.
    • Our new framework complements
      traditional stress-tests focused on single institutions by providing a holistic view of systemic risk.
    • While existing literature presents various contagion narratives, empirical findings on
      distress propagation - a precursor to defaults - remain scarce.
    • We decompose systemic risk into three elements: contagion, common exposures, and idiosyncratic risk, all derived from banks? balance sheet identities.
    • The contagion factor encompasses both sentiment- and contractual-based elements, common exposures consider systemic
      aspects, while idiosyncratic risk encapsulates unique bank-specific risk sources.
    • Our empirical analysis of the Canadian banking system reveals the dynamic nature of contagion, with elevated levels observed during the Global Financial Crisis.
    • In conclusion, our model offers a comprehensive lens for policy intervention analysis and
      scenario evaluations on contagion and systemic risk in banking.
    • This
      notion of systemic risk implies two key components: first, systematic risks (e.g., risks related
      to common exposures) and second, contagion (i.e., an initially idiosyncratic problem becoming
      more widespread throughout the financial system) (see Caruana, 2010).
    • In this paper, we decompose systemic risk into three components: contagion, common exposures, and idiosyncratic risk.
    • First, we include contagion in three forms: sentiment-based contagion, contractual-based
      contagion, and price-mediated contagion.
    • In this context,
      portfolio overlaps create common exposures, implying that bigger overlaps make systematic
      shocks more systemic.
    • With the COVID-19 pandemic starting
      in 2020, contagion drops to all time lows, potentially related to strong fiscal and monetary
      supports.
    • That is, our
      structural model provides a framework for analyzing the impact of policy interventions and
      scenarios on different levels of contagion and systemic risk in the banking system.
    • This provides a complementary approach to
      seminal papers that took a structural approach to contagion, such as DebtRank Battiston et al.
    • More generally, the literature on networks and systemic risk started with Allen and Gale
      (2001) and Eisenberg and Noe (2001).
    • The matrix is structured as follows:
      1

      In our model, we do not distinguish between interbank liabilities and other types of liabilities.

    • In other words, we can and aim to estimate different degrees
      of contagion per asset class, i.e., potentially distinct parameters ?Ga .
    • For that, we build three major
      metrics to check: average contagion, average common exposure, and average idiosyncratic risk.
    • N i j

      et ,
      Further, we define the (N ?K) common exposure matrix as Commt = [A

      (20)

      et ]diag (?C
      ?L

      such that average common exposure reads,
      average common exposure =

      1 XX
      Commik,t .

    • N i j

      (22)

      20

      ? c ),

      The three metrics?average contagion, average common exposure, and average idiosyncratic risk?provide a comprehensive framework for understanding banking dynamics.

    • Figure 4 depicts the average level of risks per systemic risk channel: contagion risk, common exposure, and idiosyncratic risk.
    • Figure 4: Average levels of contagion (Equation (20)), common exposure (Equation (21)), and idiosyncratic risk
      (Equation (22)).
    • The market-based contagion is the contagion due to
      investors? sentiment, and the network is an estimate FEVD on volatility data.
    • For most of
      the sample, we find that contagion had a bigger impact on the variance than common exposures.

Nowcasting consumer price inflation using high-frequency scanner data: evidence from Germany

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Tuesday, April 23, 2024
Consensus, Online, Cream, Honey, Tax, Glass, MAPI, Consensus Economics, Journal of Economic Perspectives, Milk, Shower, Low-alcohol beer, Autoregressive–moving-average model, Infant, C3, Islam, Wine, Core inflation, Research Papers in Economics, National accounts, Kálmán, Barcode, Journal of International Economics, Communication, Royal Statistical Society, COVID19, Kohl (cosmetics), Natural disaster, Business, Observation, Paper, VAT, European Economic Review, Diebold Nixdorf, Blancmange, Calendar, Sunflower oil, Annual Review of Economics, Hand, C4, DESTATIS, NBER, Tinning, Razor, Forecasting, Gasoline, Coffee, European Economic Association, Cat, Journal of Monetary Economics, Journal of Applied Econometrics, Medeiros, Architecture, Oxford University Press, Producer, GfK, Quarterly Journal of Economics, Margarine, NCBS, Starch, Political economy, Consistency, COVID-19, Consensus decision-making, Website, MIDAS, Behavior, Deutsche Bundesbank, PPI, World Bank, Collection, Medical classification, Orange, Eurozone, Butter, FMCG, Noise, Travel, Clothing, History, Inflation, Liver, International economics, Journal of Political Economy, BSI, OLS, Statistics, Consumer, PDF, University of Chicago, Classification, ECB, Fats, Policy, Multi, WOB, Outline, C6, Mincing, Canadian International Council, Social science, Perfume, University of California, Berkeley, Journal of Forecasting, Federal Reserve Bank, JEL, L1, Journal, Research, Candle, Food, TPD, Credit, Spice, LPG, Janssen, Marmalade, Superior, Literature, Chocolate, Beef, Kiel University, European Central Bank, Natural gas, HICP, Monetary economics, Yogurt, Section 5, ILO, Bermingham, Price, GTIN, Cheese, Macroeconomics, Growth, Beck, XJ, Government, De Beer, Supermarket, Ice cream, Naturally, C53, Corn flakes, BIS, Biscuit, LASSO, Petroleum, A.2, Poultry, Accuracy and precision, Application, White, Lettuce, Risk, ESCB, University of Siegen, OECD, Chapter One, Lipstick, Sack, XT, BIC, Garlic, Consumption, Sokol, Meat, VAR, Database, Section 3, Rusk, American Economic Journal, Royal, Curd, Overalls, Lamb, Great Lockdown, Fruit, Economy, COICOP, International Journal of Forecasting, Aftershave, Section 2, Nonparametric statistics, Attention, Conference, CPI, Heat, Public economics, Common sunflower, Nowcasting, American Economic Review, Computational Statistics (journal), GFK, COVID-19 pandemic, Exercise, Shock, Running, UNECE, Edible, Gambling, Banco, Rigid transformation, European Commission, Frozen, C.2, PRISMA, Official statistics, Concept, Drink, Transaction data, Somatosensory system, Punctuality, Altbier, Food prices, Response, GDP, Index, E31, Cabinet of Germany, Holiday, Machine learning, Series, Green, Whisky, Vegetable, Cola, Journal of Econometrics, Sadik Harchaoui, University, Aggregate, World Bank Group, B.1, Use, Book, Economic statistics, Civil service commission, 1L, Apple, Bread, Filter, Central bank, Brandeis University, Economic Modelling, Bank, Barkan, Roulade, Dairy product, Neural network, Reproduction, IMF, Section, ID, Data, D4L, Cryptocurrency
Key Points: 

    Pubic hair: beyond brazilians, more than manscaping

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    Wednesday, April 10, 2024
    Research, Health, Urinary tract infection, Gas, Vibration, Hair loss, Friction, Pressure, Facial expression, Science, Risk, Perspiration, Observation, Partner (business rank), Bacteria, Pheromone, Human, Woman, Body image, Sensation, Urine, Infection, Skin, Eyebrow, Scalp, Gland, Ammonia, Urea, Animal, Emotion

    So, what about pubic hair?

    Key Points: 
    • So, what about pubic hair?
    • Let’s talk about sex
      Much of the effort that goes into shaping or removing pubic hair also shapes and defines sexual identities.
    • While the properties of pheromones are not as well established in humans, there’s speculation that pubic hair plays a significant role.
    • Pubic hair grooming has been associated with an increased risk of genital infections but this has also been refuted.

    How to keep your music career going: 3 tips from a Ghanaian star

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    Wednesday, April 10, 2024
    Face, Survival, Risk, Education, Rita Akosua Dickson, Observation, Male, Music, Kwame Nkrumah University, Family, Parent

    These attitudes stand in the way of musicians wanting to make a career out of their art.

    Key Points: 
    • These attitudes stand in the way of musicians wanting to make a career out of their art.
    • I am a professional musician, music scholar and environmental activist who’s interested in the global challenges that musicians face.
    • In a recent paper I examined the strategies adopted by Okyeame Kwame (OK), one of the pioneers of hiplife music in Ghana, to sustain his career.
    • Hiplife music combines traditional Ghanaian music styles like highlife music with hip hop.

    Resilience

    • Resilience can be defined as the capacity to recover and maintain an identity and continuity despite setbacks and change.
    • Ethnomusicologist Jeff T. Titon explains that resilience involves finding weaknesses and strengths related to changes, then improving in the weak areas and enhancing the strengths.
    • Based on my research I concluded that Okyeame Kwame had shown resilience through difficult times.

    Diversification

    • He used his music to become well known and then built on his popularity to create another business to earn money.
    • He explained:
      The music itself is not valuable, but the secondary economy of being a musician is valuable.
    • The music itself is not valuable, but the secondary economy of being a musician is valuable.

    Interconnectivity

    • Musicians must nurture a good relationship with their fans and colleagues by collaborating on music and other projects.
    • Economists Jordi McKenzie, Paul Crosby and Liam Lenten, in their work on creative production methods in the music industry, recognise the rise of collaboration among musicians on individual song projects.

    Conclusion

    • The viability of any music culture depends on the availability of musicians.
    • Hence, not paying attention to musicians’ economic sustainability can lead to unsustainable music.


    Josh Opoku Brew does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    Newborn Town Announces 2023 Annual Results with a YoY Increase of Nearly 300% in Profit

    Retrieved on: 
    Friday, March 22, 2024
    HK, Muslims, Observation, Networking hardware, Yoy, MICO, Secrecy, Development, Video game

    HK), one of the frontrunners of the global social networking and entertainment industry, announced its 2023 annual results on March 21st.

    Key Points: 
    • HK), one of the frontrunners of the global social networking and entertainment industry, announced its 2023 annual results on March 21st.
    • The profit attributable to equity shareholders of the company reached RMB513 million, representing a 294% YoY growth.
    • These efforts have led to an over 2x YoY increase in revenue and an over 6x YoY rise in profit.
    • In 2023, Newborn Town officially consolidated the 'diverse-audience social networking business' to start a new chapter exploring this realm.

    IFF Management's Perspective on Australia's GDP Trends

    Retrieved on: 
    Thursday, March 14, 2024
    Reserve Bank, Development, Growth, Observation, Policy, GDP, RBA, Retail

    IFF Management's Expert Analysis Reveals Australia's GDP Trends and Economic Challenges, Offering Valuable Insights for Sustainable Growth.

    Key Points: 
    • IFF Management's Expert Analysis Reveals Australia's GDP Trends and Economic Challenges, Offering Valuable Insights for Sustainable Growth.
    • PERTH, W AUSTRALIA, Mar 14, 2024 - (ACN Newswire) - In a recent analysis conducted by IFF Management, Australia's economic landscape has come under scrutiny following the release of GDP data for the final quarter of 2023.
    • This observation sheds light on the broader implications of economic activity per capita, which continues to decline despite nominal growth.
    • Further examination from IFF Management on the data reveals a broader slowdown across various sectors, extending beyond household consumption.

    Mural Oncology Presents Preclinical Data for IL-18 and IL-12 Programs at the 2024 American Association for Cancer Research Annual Meeting

    Retrieved on: 
    Tuesday, April 9, 2024
    Toxicity, Half-life, Patient, Tumor microenvironment, Observation, Interleukin 18, AACR, Neoplasm, Cancer, Cytokine, Immune system, IL-12, Vaccine

    WALTHAM, Mass and DUBLIN, Ireland, April 09, 2024 (GLOBE NEWSWIRE) -- Mural Oncology plc (Nasdaq: MURA), a clinical-stage immuno-oncology company developing novel, investigational engineered cytokine therapies designed to address areas of unmet need for patients with a variety of cancers, today shared poster presentations with pre-clinical data from its Interleukin-18 (IL-18) and IL-12 programs at the American Association for Cancer Research (AACR) annual meeting taking place April 5-10 in San Diego, California. This is the first time Mural has shared findings from either program. The details for the presentations are as follows, and both posters are available at https://www.muraloncology.com/publications/.

    Key Points: 
    • Mural’s protein engineering approach is twofold: first, it introduces mutations to IL-18 that are designed to minimally impact the structure while eliminating binding to IL-18BP.
    • The optimal balance of potency and pharmacokinetic enhancement is still being determined to nominate a lead IL-18 development candidate.
    • We show that resistance to IL-18BP combined with the drug’s extended half-life leads to a durable immunological effect in preclinical models.
    • “We believe that by self-assembling the split IL-12 subunits within the tumor microenvironments, we can circumvent native IL-12’s severe toxicities without compromising its efficacy.

    Candel Therapeutics Presents Preclinical Data at AACR on Immunotherapy Candidate for Induction of Tertiary Lymphoid Structures in Solid Tumors

    Retrieved on: 
    Tuesday, April 9, 2024
    Antigen presentation, TLS, Survival, Immunotherapy, Patient, Neoplasm, Tumor microenvironment, Observation, Cancer, Doctor of Philosophy, MD, AACR, Therapy, Drug development, Poster, CADL, Pharmaceutical industry

    TLSs are ectopic lymphocyte aggregation structures found in the tumor microenvironment and their induction could potentially improve anti-tumor immunity.

    Key Points: 
    • TLSs are ectopic lymphocyte aggregation structures found in the tumor microenvironment and their induction could potentially improve anti-tumor immunity.
    • The presentation describes the development of an investigational TLS-inducing multimodal therapeutic using the enLIGHTEN™ Discovery Platform.
    • The enLIGHTEN™ Advanced Analytics suite was applied to immune checkpoint inhibitor-treated patient datasets, and the predicted payload components included factors regulating the development of TLS.
    • “The enLIGHTEN™ Discovery Platform enables the generation of multimodal agents through the integration of artificial intelligence-driven payload combinations into programmable vectors.