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Want better returns? Forget risk. Focus on fear - The Economist (No paywall)
 A common explanation for effervescent markets is that investors have become reckless or outright irrational. Or perhaps the relationship between risk and return simply is not there, posits a working paper by Rob Arnott of Research Affiliates, an investment firm, and Edward McQuarrie of Santa Clara University. They argue that over the past two-and-a-bit centuries, risk (as conventionally defined) has done a lousy job of explaining the relative returns of stocks and bonds. In its place, they propose fear - a more complex thing - as the real driving force of markets.
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WorkWorkWorkWork WorkAs Trump cracks down on student visas, other countries see opportunity As part of its crackdown on immigration, President Donald Trump's administration is pressuring U.S. colleges to reduce their dependence on international enrollment while adding new layers of scrutiny for foreign students. So while the U.S. remains the first choice for many international students, institutions in other countries are recognizing opportunity in the upheaval and applicants are considering destinations they might have otherwise overlooked. They include Britain, a rival education hub, and Dubai, which hosts dozens of international universities satellite campuses. The impact on U.S. universities - and the nation's economy - may be significant. WorkWorkWork 
WorkThe Latest Phase in Trumps War on Data - The New Yorker (No paywall) Donald Trump had many priorities upon returning to the Presidency, and one of the most pressing was to get Winston Churchill back into the Oval Office. A bust of Britains wartime Prime Minister, of whom Trump is a big fan, had kept him company throughout his first term, and for the past six months it has sat next to the offices gilded fireplace, lurking in the background of Trumps meetings with other world leaders. Trump admires Churchills glower, which he channelled for both his mugshot and his official Inauguration portrait, and he sees himself, much like Churchill, as the singular savior of a beleaguered nation. Perhaps it was a Churchill quotationan apocryphal one, as it happensthat Trump had in mind last week when he fired Erika McEntarfer, the commissioner of the Bureau of Labor Statistics: I only believe in statistics that I have doctored myself. WorkRFK Jr. defunds a medical miracle Welcome to The Logoff: In a blow to US pandemic preparedness, Health Secretary Robert F. Kennedy Jr. announced on Tuesday evening that he was slashing $500 million in federal mRNA vaccine contracts. WorkThe Race to Upcycle Africa's Fast Fashion Dumping Ground Weve all done it: dropped a bag of torn tees and threadbare shorts in the neighborhood recycling binor left it beside, as the container is typically overflowingand walked away with a quiet satisfaction. Maybe even hit the shops afterward to restock your now depleted wardrobe. Work 
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WorkFACT FOCUS: RFK Jr.'s reasons for cutting vaccine unsupported by evidence U.S. Health Secretary Robert F. Kennedy Jr. has incorrectly claimed that mRNA vaccines are ineffective against upper respiratory infections like COVID-19 and the flu. He used this argument to justify the Department of Health and Human Services' decision to cancel $500 million in research for new mRNA vaccines. But Kennedy's claim ignores how such inoculations work, according to experts. They prevent against severe infection and death, but cannot completely prevent an infection from occurring in the first place. Plus, years of research supports the effectiveness of COVID-19 vaccines that use mRNA technology. WorkWorkWork 
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WorkWorkWorkWorkSudan accuses UAE of funding Colombian mercenaries to fight alongside RSF in civil war Sudan has accused the United Arab Emirates of sending Colombian mercenaries to fight alongside the paramilitary Rapid Support Forces against the military in the country's civil war. The foreign ministry said the Sudanese government has "irrefutable evidence" that mercenaries from Colombia and some neighboring countries were sponsored and financed by Emirati authorities. The UAE's foreign affairs ministry says the government "categorically rejects" the allegations and denies involvement in the war by backing armed groups. There is no immediate response from Colombia. 
WorkHow Not To Pick Friends In Prison When I was first came down, I flailed around and stuck out. I was white, thin, and ink free. I wanted to belong so I didn't exercise too much judgment in whom I hung around. |
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