In the News 09.14.18 : Today’s Articles of Interest from Around the Internets


In the News 09.14.18 : Today’s Articles of Interest from Around the Internets
In the News 09.14.18 : Today’s Articles of Interest from Around the Internets
In the News 09.14.18 : Today’s Articles of Interest from Around the Internets

Disaster In The Alps

At 6:30 a.m. on Sunday, April 29, 2018, a group of ten skiers set out from a secluded mountain hut more than 9,000 feet up in the Swiss Alps. Perched on the top of a rocky hill surrounded by towering peaks and mountainsides, the Dix hut is a quirky, three-story stone building with a beautiful, south-facing terrace. It’s a popular stopover for skiers traversing the Alps on multiday tours that combine backcountry skiing with a surprising level of overnight comfort.

The sky was just getting light as the group put on their skis and headed for the Cabane des Vignettes—another alpine refuge, about six hours away, across high-alpine terrain filled with glaciers, cols, peaks, and magnificent slopes of unbroken snow. It was the fourth day of a planned six-day tour between Chamonix, France, and Zermatt, Switzerland.

Read the rest of this article at: Outside

In the News 09.14.18 : Today’s Articles of Interest from Around the Internets

The Real Cost Of The 2008 Financial Crisis

In the News 09.14.18 : Today’s Articles of Interest from Around the Internets

September 15th marks the tenth anniversary of the demise of the investment bank Lehman Brothers, which presaged the biggest financial crisis and deepest economic recession since the nineteen-thirties. After Lehman filed for bankruptcy, and great swaths of the markets froze, it looked as if many other major financial institutions would also collapse. On September 18, 2008, Hank Paulson, the Secretary of the Treasury, and Ben Bernanke, the chairman of the Federal Reserve, went to Capitol Hill and told congressional leaders that if they didn’t authorize a seven-hundred-billion-dollar bank bailout the financial system would implode. Some Republicans reluctantly set aside their reservations. The bailout bill passed. The panic on Wall Street abated. And then what?

The standard narrative is that the rescue operation succeeded in stabilizing the financial system. The U.S. economy rebounded, spurred by a fiscal stimulus that the Obama Administration pushed through Congress in February, 2009. When the stimulus started to run down, the Fed gave the economy another boost by buying vast quantities of bonds, a policy known as quantitative easing. Eventually, the big banks, prodded by the regulators and by Congress, reformed themselves to prevent a recurrence of what happened in 2008, notably by increasing the amount of capital they hold in reserve to deal with unexpected contingencies. This is the basic story that Paulson, Bernanke, and Tim Geithner, who was the Treasury Secretary during the Obama Administration, told in their respective memoirs. It was given an academic imprimatur by books like Daniel Drezner’s “The System Worked: How the World Stopped Another Great Depression,” which came out in 2014.

Read the rest of this article at: The New Yorker

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How To Stay Fit Forever:
25 Tips To Keep Moving When Life Gets In The Way

When it comes to exercise, we think about how to “get” fit. But often, starting out is not the problem. “The big problem is maintaining it,” says Falko Sniehotta, a professor of behavioural medicine and health psychology at Newcastle University. The official UK guidelines say adults should do strength exercises, as well as 150 minutes of moderate activity, or 75 minutes of vigorous activity, every week. According to the Health Survey for England in 2016, 34% of men and 42% of women are not hitting the aerobic exercise targets, and even more – 69% and 77% respectively – are not doing enough strengthening activity. A report from the World Health Organization last week found that people in the UK were among the least active in the world, with 32% of men and 40% of women reporting inactivity. Meanwhile, obesity is adding to the chronic long-term diseases cited in Public Health England’s analysis, which shows women in the UK are dying earlier than in most EU countries.

We all know we should be doing more, but how do we keep moving when our motivation slips, the weather takes a turn for the worse or life gets in the way? Try these 25 pieces of advice from experts and Guardian readers to keep you going.

Read the rest of this article at: The Guardian

In the News 09.14.18 : Today’s Articles of Interest from Around the Internets

A Warning From Europe: The Worst Is Yet To Come

In the News 09.14.18 : Today’s Articles of Interest from Around the Internets

On december 31, 1999, we threw a party. It was the end of one millennium and the start of a new one; people very much wanted to celebrate, preferably somewhere exotic. Our party fulfilled that criterion. We held it at Chobielin, the manor house in northwest Poland that my husband and his parents had purchased a decade earlier, when it was a mildewed ruin. We had restored the house, very slowly. It was not exactly finished in 1999, but it did have a new roof. It also had a large, freshly painted, and completely unfurnished salon—perfect for a party.

The guests were various: journalist friends from London and Berlin, a few diplomats based in Warsaw, two friends who flew in from New York. But most of them were Poles, friends of ours and colleagues of my husband, who was then a deputy foreign minister in the Polish government. A handful of youngish Polish journalists came too—none then particularly famous—along with a few civil servants and one or two members of the government.

You could have lumped the majority of them, roughly, in the general category of what Poles call the right—the conservatives, the anti-Communists. But at that moment in history, you might also have called most of my guests liberals—free-market liberals, or classical liberals—or maybe Thatcherites. Even those who might have been less definite about economics certainly believed in democracy, in the rule of law, and in a Poland that was a member of nato and on its way to joining the European Union—an integrated part of modern Europe. In the 1990s, that was what being “on the right” meant.

Read the rest of this article at: The Atlantic

Blighted By Empire: What The British Did To India

ON THE EVENING of August 14, 1947, as India prepared to declare its independence, the last British Viceroy in India was sitting alone in his study, when, as he recounted later, he thought to himself: “For still a few more minutes I am the most powerful man on earth.” At the midnight hour, India’s first prime minister, Jawaharlal Nehru, would rise and make his most celebrated speech, triumphantly announcing that after 200 years, India was reemerging on the world stage. But the Viceroy had ample reason to be glum: his empire was relinquishing its crown jewel, one that had enriched Britain for centuries. Louis Mountbatten was not exaggerating the extent of his power. Nehru had noted in his earlier writings that the power of the British Viceroy was greater than that of any British prime minister or American president. His Majesty’s deputy was India’s colonial master, ruling over 350 million bodies across a continent 20 times larger than Britain, accountable to none of the people he governed. When Nehru, writing from a prison cell in the 1940s, did search for an analogy to the Viceroy’s power, the only name he could think of was that of Adolf Hitler.

After two centuries of imperial rule, the proximate cause of India’s independence was the economic damage Britain suffered after World War II — a war, it should be remembered, in which 2.5 million Indians also fought. When the time came to pack up and return home, Britain tasked a London barrister named Sir Cyril Radcliffe with drawing the lines on the map that would partition the colony into two dominions, India and Pakistan, and settle the fate of hundreds of millions of people.

Read the rest of this article at: Los Angeles Review Of Books

P.S. previous articles & more by P.F.M.

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