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annabaldwin_

How Getting Enough Sleep Can Make You Less Afraid - The Atlantic - 0 views

  • A new study suggests that people who naturally get more REM sleep may be less sensitive to frightening things.
  • For the study, a team of researchers from Rutgers University sent 17 subjects home with sleep-monitoring devices—headbands that monitor their brain waves, wristbands that track arm movements, and sleep logs—and asked them to sleep as they normally would for a week. They were monitoring how much sleep they were getting—especially REM, or rapid-eye-movement sleep.
  • Each night, most people sleep about seven or eight hours, about two hours of which is REM sleep, the stage of sleep in which the body relaxes fully and most dreams occur.
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  • The researchers then conditioned the participants to be afraid of certain images by showing them pictures of ordinary-looking rooms lit with lamps of various hues, some of which were paired with a mild shock to the finger. Through the shocks, they were taught to fear the rooms that were lit by certain colors.
  • The subjects with more REM sleep also had less activity in those areas of the brain. That suggests that the more well-rested subjects may not have been hard-wiring those fears into their brains quite as strongly.
  • PTSD is already known to be associated with sleep disturbances, and past studies have shown that sleep-deprived people have more activity in their amygdalae upon being shown upsetting pictures.
  • “REM is very unique because it’s the only time that area of the brain is completely silent,” said Shira Lupkin, one of the study’s authors and a researcher with the Center for Molecular and Behavioral Neuroscience at Rutgers University.
  • Because of that, people who get plenty of REM sleep might be less reactive to emotional stimuli.
  • If the study is replicated, there could be real-world implications for stopping trauma—before it starts.
tongoscar

Trump warns Iran's supreme leader to be 'very careful' with his words - 0 views

  • Trump tweeted hours after Khamenei called him a "clown" who will "push a poisonous dagger" into Iran's back.
  • “The villainous U.S. government repeatedly says that they are standing by the Iranian people. They lie,” Khamenei said. “If you are standing with the Iranian people, it is only to stab them in the heart with their venomous daggers.”
  • “The noble people of Iran—who love America—deserve a government that's more interested in helping them achieve their dreams than killing them for demanding respect,”
tongoscar

Singapore's climate change plan needs more ambition | ASEAN Today - 0 views

  • Each person in Singapore produces more greenhouse gas emissions than their counterpart in Indonesia, China or the United Kingdom. The city-state may be responsible for just 0.11% of total global emissions, but Singapore ranks 27th out of 142 countries in terms of per capita emissions.
  • In 2015, Singapore pledged to reduce its emission intensity, the amount of greenhouse gas emissions for every dollar of gross domestic product (GDP), by 36% from 2005 levels come 2030. The city-state also committed to stabilising and capping its greenhouse gas emissions by 2030.  
  • Countries are expected to update their climate pledges by the end of this year but do not necessarily have to submit completely new ones.
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  • Singapore’s climate pledge in 2015 was deemed a “stretch target” that would not be easily met, as efforts towards sustainable development in the country were still in their nascent stages.
  • Singapore has installed large-scale floating solar panels in its reservoirs and coastal shorelines. Efforts are also being made towards making 80% of the buildings in the country green by 2030. Come 2040, only 10% of rush-hour commutes in Singapore will be made via private transportation.
  • Protecting Singapore against climate change will be costly. Up to S$100 billion will be poured into measures to cope with rising sea levels caused by climate change. Prevention is better than cure. Singapore, and countries around the world, must identify their vulnerabilities and undertake the actions required to defend their long-term national interests. But these measures should not become a substitute for ambitious efforts to reduce emissions and prevent temperatures from rising wherever possible.
tongoscar

Why Shen Yun's Music Resonates With Our Souls - 0 views

  • Music has its beginning in sacred spaces. Whether in the East with the music of sages or in the West with our Gregorian chants, music has for centuries been used to convey a reverence for the heavens, express human emotion, and connect with the world around us.
  • With ancient China, the five tones of the pentatonic scale had direct relationships with the five elements in our physical world and the five major organs of our human bodies. Whether it be singing or playing tunes on a bamboo flute, music was meant to aid in the connection between heaven, earth, and humankind. 
  • While the task of combining two very different musical languages may be a Herculean one for arrangers, and playing the incredibly precise music a challenge for the musicians, the conductor, in a way, gets to reap the rewards with a powerful, versatile ensemble at her fingertips.
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  • Sometimes the story takes a turn and characters find themselves in a celestial palace, and the music has to be able to evoke a heavenly feeling, a sound so convincing you almost glimpse heaven. Sometimes the story calls for warriors on a battlefield, and the orchestra provides the strength and power and intensity of the battle. Sometimes the dance is an ethnic or folk dance, and the music takes on the sound of horses roaming the Mongolian grasslands, for example. 
  • “In ancient Chinese times, people also believed the ideas behind the music were more important than what’s on the surface … and that’s why I love Shen Yun music so much. It’s very inspiring and powerful—invigorating at the same time. It can be humorous, it can really cheer people up.”“It all ties into this mission to celebrate the best of humanity, both East and West, the values and the heroes from the past, or even today.”
manhefnawi

Is Your Mobile Phone Use Bad for Your Mental Health? | Mental Floss - 0 views

  • Smartphones, those digital portals of constant information, have become so integrated into most Americans’ lives, they’re like extra—yet essential—appendages. Some 72 percent of Americans own a smartphone, compared to the global median of 43 percent. But studies have shown that overuse can have a negative impact on your posture, eyesight, and hearing, not to mention distract drivers and pedestrians. More recently, researchers who study the relationship of mobile phone use and mental health have also found that excessive or “maladaptive” use of our phones may be leading to greater incidences of depression and anxiety in users.
  • Cell phones, and smartphones in particular, have an undeniably addictive quality, earning an entry in the Diagnostic and Statistical Manual of Mental Disorders (DSM) 5th edition. A review of literature on cell phone addiction, published in Frontiers in Psychiatry, describes cell phone and technology addiction manifesting in one or more of the following ways: choosing to use your device even in "dangerous or prohibited contexts;" losing interest in other activities; feeling irritable or uneasy if separated from your phone; or feeling anxiety or loneliness when you’re unable to send or receive an immediate message. The researchers also find that adolescents and women may be more susceptible to this behavioral addiction.
  • So while the research remains inconclusive, it might be worth taking a look at how you feel before and after you spend copious amounts of time on your cell phone. It may be harmless—or it may offer an opportunity to improve your mental health.
manhefnawi

How To Bolster Your Negotiations With Informal Fallacies - 0 views

  • An informal fallacy is an attempt at making a logical argument where there’s a failure in the reasoning itself. This can stem from a number of causes, such as the misapplication of words and phrases, or misunderstandings based on inappropriate assumptions. Illogical sequences in an argument can also cause informal fallacies. While informal fallacies can result in inaccurate arguments and false conclusions, that doesn’t mean they can’t be very persuasive.
  • When negotiating, for instance, it’s fairly common for self-made millionaires to employ informal fallacies. Many self-made millionaires develop well-defined plans on how they’ll use informal fallacies as part of their preparation as well as regularly incorporate these fallacies into verbal dueling with adversaries.
  • Confusing causality for correlation: You connect events that happened at the same time or one after another even though one need not have caused the other.
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  • Self-made millionaires also rarely want the success of their deal making to hang on informal fallacies. Instead, they use informal fallacies to accentuate and strengthen pieces of their argument. Using informal fallacies this way makes sure that if they don’t get the desired reaction from negotiating adversaries, they can be easily discarded in favor of new proofs.
johnsonel7

There's a movement to de-gender the Spanish language. It doesn't involve "Latinx." / LGBTQ Nation - 0 views

  • Earlier this year, Merriam-Webster made news by designating “they” as its “Word of the Year.” It seemed a fitting cap to a year in which the very structures of language itself were the subject of debate and scrutiny over its real effects on how we live, especially where it concerns the advancement of human rights. Across the globe, people are posing questions about how we use language to describe people and situations, and whether the words we use are inclusive enough of all genders and orientations.
  • This intense debate is epitomized in the Spanish-speaking world, where a teenage-led movement to eliminate gender from the language has made strides this past year, forcing different generations to have a conversation about what is acceptable in 2019.
  • “the language form has divided the feminist movement from which it originated. While some within the movement insist on speaking in a way that includes non-binary people, others have resisted, preferring to emphasize the voices of women by using feminine words.”
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  • For concerned speakers of Spanish, however, the experience one of the leading activists featured in the Post, Natalia Mira, offers some insight into how they might get more used to change in what is ultimately a social construct. She started using gender-neutral Spanish in her daily life, with her parents, her taxi drivers, even when singing in the shower. By the time she was interviewed by a broadcast journalist, the words just came out with natural ease.
sanderk

How Does Light Travel? - Universe Today - 0 views

  • However, there remains many fascinating and unanswered questions when it comes to light, many of which arise from its dual nature. For instance, how is it that light can be apparently without mass, but still behave as a particle? And how can it behave like a wave and pass through a vacuum, when all other waves require a medium to propagate?
  • This included rejecting Aristotle’s theory of light, which viewed it as being a disturbance in the air (one of his four “elements” that composed matter), and embracing the more mechanistic view that light was composed of indivisible atoms
  • In Young’s version of the experiment, he used a slip of paper with slits cut into it, and then pointed a light source at them to measure how light passed through it
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  • According to classical (i.e. Newtonian) particle theory, the results of the experiment should have corresponded to the slits, the impacts on the screen appearing in two vertical lines. Instead, the results showed that the coherent beams of light were interfering, creating a pattern of bright and dark bands on the screen. This contradicted classical particle theory, in which particles do not interfere with each other, but merely collide.
  • The only possible explanation for this pattern of interference was that the light beams were in fact behaving as waves
  • By the late 19th century, James Clerk Maxwell proposed that light was an electromagnetic wave, and devised several equations (known as Maxwell’s equations) to describe how electric and magnetic fields are generated and altered by each other and by charges and currents. By conducting measurements of different types of radiation (magnetic fields, ultraviolet and infrared radiation), he was able to calculate the speed of light in a vacuum (represented as c).
  • For one, it introduced the idea that major changes occur when things move close the speed of light, including the time-space frame of a moving body appearing to slow down and contract in the direction of motion when measured in the frame of the observer. After centuries of increasingly precise measurements, the speed of light was determined to be 299,792,458 m/s in 1975
  • According to his theory, wave function also evolves according to a differential equation (aka. the Schrödinger equation). For particles with mass, this equation has solutions; but for particles with no mass, no solution existed. Further experiments involving the Double-Slit Experiment confirmed the dual nature of photons. where measuring devices were incorporated to observe the photons as they passed through the slits.
  • For instance, its interaction with gravity (along with weak and strong nuclear forces) remains a mystery. Unlocking this, and thus discovering a Theory of Everything (ToE) is something astronomers and physicists look forward to. Someday, we just might have it all figured out!
manhefnawi

Go to Sleep: Your Dreams May Help You Prepare for Disaster | Mental Floss - 0 views

  • You're missing a potentially vital opportunity to practice essential survival skills.
  • That's the theory explored by a recent report from Nautilus, which focuses on the science of dreaming. For a long time the general consensus has been that dreams, be they delightful or terrifying, are useless: a mish-mash of experiences, impulses, memories, and that random episode of The Walking Dead that you watched just before bedtime, all distilled into a surreal nightmare in which you're being chased through the halls of your old high school by zombies … and for some reason, you're not wearing pants.
  • Though not formally researched, anecdotes abound from people who've dreamed of a frightening experience only to then live through it in real life
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  • There's a lot to learn yet about why and how we dream, and per Davies, the most likely explanation is that dreaming is a multi-faceted and multi-functional process
  • You can rehearse any skill in a lucid dream,
  • He claimed that by practicing in his dreams, he’d learned to snowboard so well that he could do it without bindings, which is almost impossible
sanderk

We Went to the Moon. Why Can't We Solve Climate Change? - The New York Times - 0 views

  • Fifty years after humans first left bootprints in the lunar dust, it’s an enticing idea. The effort and the commitment of brainpower and money, and the glorious achievement itself, shine as an international example of what people can do when they set their minds to it. The spinoff technologies ended up affecting all of our lives.So why not do it all over again — but instead of going to another astronomical body and planting a flag, why not save our own planet?
  • But President Kennedy did not have to convince people that the moon existed. In our current political climate, the clear evidence that humans have generated greenhouse gases that are having a powerful effect on climate, and will have a greater effect into the future, has not moved the federal government to act with vigor. And a determined faction even argues that climate change is a hoax, as President Donald Trump has falsely stated at various times.
  • The task of reversing that accumulation of greenhouse gases is vast, and progress is painfully slow.
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  • Climate presents more complicated issues than getting to the moon did, said John M. Logsdon, historian of the space program and founder of the Space Policy Institute at George Washington University.
  • “The Decision to Go to the Moon,” that laid out four conditions that made Apollo possible. In the case of the space program, the stimulus was the first human spaceflight of the Russian cosmonaut Yuri A. Gagarin, which filled Americans with dread of losing the space race. In an interview, Dr. Logsdon said it has to be “a singular act that would force action, that you couldn’t ignore.”
sanderk

Opinion | 24 Hours Without My Phone - The New York Times - 0 views

  • Eventually, Shlain, a filmmaker, extended the idea into a full day without screen use. She called it a tech shabbat — after the Jewish day of rest — and she has written several articles and a recent book, called “24/6,” about the idea.
  • “The digital revolution has blurred the lines between time on and time off, and time off is disappearing,” she wrote in The Boston Globe. “As for our leisure time, we’ve created a culture in which we’re still ‘working’ while we play: needing to photograph every moment, then crafting witty posts of our ‘fun, relaxing activities’ on Instagram, then obsessively checking responses. We can barely catch our breath in the tsunami of personal and work digital input, which results in us not being truly present for any of it.”
  • The break did require some adjustments. On Friday night, we printed out directions to a restaurant where we were eating on Saturday, but we forgot to print directions home and had to use an old-fashioned road map. Imagine that.
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  • We’re not quite ready to sign up for a tech shabbat every weekend, given various obligations. But we are ready to do it again soon, and it served as a good reminder that putting away phones for even short stretches of time is an excellent idea.
manhefnawi

6 Scientific Reasons You Should Be Reading More | Mental Floss - 0 views

  • to assess the relationship between cognitive skills, vocabulary, factual knowledge, and exposure to certain fiction and nonfiction authors
  • those who read literary fiction performed better on tasks like predicting how characters would act and identifying the emotion encoded in facial expressions. These speak to the ability to understand others' mental states, which scientists call Theory of Mind.
  • If we engage with characters who are nuanced, unpredictable, and difficult to understand, then I think we're more likely to approach people in the real world with an interest and humility necessary for dealing with complex individuals
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  • When we read fiction, we practice keeping our minds open because we can afford uncertainty
  • 100 people were assigned to read a fictional story or a nonfiction essay. The participants then completed questionnaires intended to assess their level of cognitive closure, which is the need to reach a conclusion quickly and avoid ambiguity in the decision-making process. The fiction readers emerged as more flexible and creative than the essay readers—and the effect was strongest for people who read on a regular basis.
  • They saw themselves differently after reading about others' fictional experience.
  • As you identify with another person, a protagonist in the story, you enter into a piece of life that you wouldn't otherwise have known. You have emotions or circumstances that you wouldn't have otherwise understood
marleen_ueberall

Humans Are the World's Best Pattern-Recognition Machines, But for How Long? - Big Think - 0 views

  • Not only are machines rapidly catching up to — and exceeding — humans in terms of raw computing power, they are also starting to do things that we used to consider inherently human
  • Quite simply, humans are amazing pattern-recognition machines. They have the ability to recognize many different types of patterns - and then transform these "recursive probabalistic fractals" into concrete, actionable steps.
  • Intelligence, then, is really just a matter of being able to store more patterns than anyone else
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  • Artificial intelligence pioneer Ray Kurzweil was among the first to recognize how the link between pattern recognition and human intelligence could be used to build the next generation of artificially intelligent machines.
  • where human "expertise" has always trumped machine "expertise."
  • It turns out patterns matter, and they matter a lot.
  • The more you think about it, the more you can see patterns all around you. Getting to work on time in the morning is the result of recognizing patterns in your daily commute
  • it's really just a matter of recognizing the right patterns faster than anyone else, and machines just have so much processing power these days it's easy to see them becoming the future doctors and lawyers of the world.
  • The future of intelligence is in making our patterns better, our heuristics stronger.
  • One thing is clear – being able to recognize patterns is what gave humans their evolutionary edge over animals.
  • How we refine, shape and improve our pattern recognition is the key to how much longer we'll have the evolutionary edge over machines.
johnsonel7

Inherited Learning? It Happens, but How Is Uncertain | Quanta Magazine - 0 views

  • Most recently, some researchers have found evidence that even some learned behaviors and physiological responses can be epigenetically inherited.
  • But in the 1950s, the botanist Royal Alexander Brink discovered that, under different environmental conditions, maize plants with identical genomes expressed different-colored kernels, and these colors were heritable. It was some of the first evidence for epigenetic inheritance. Since then, more examples of inheritance without a clear genetic basis have come to light, as have a variety of possible mechanisms for epigenetic inheritance.
  • C. elegans worms infected with viruses would defend themselves by generating small RNAs that targeted and neutralized the viruses. Moreover, the subsequent offspring of the roundworms also made these small protective RNAs, even though they had never been exposed to the viruses.
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  • He hypothesizes that the process involves one or more molecules released by the nervous system — perhaps small RNAs, perhaps something secreted like a hormone. But somehow those germ cells then influence the behavior of the next generation and seem to circumvent the normal need for rde-4 in the production of the small RNAs for chemotaxis in the progeny.
  • “I believe that today, there is not a single solid paper showing that only small RNAs are involved in epigenetic inheritance,” said Isabelle Mansuy, a neuroepigenetics researcher at the Swiss Federal Institute of Technology Zurich and the University of Zurich who studies the inheritance of trauma in humans and mice. In the mouse model she works with, she knows that small RNAs are not sufficient because if she injects small RNAs alone into fertilized mouse eggs, the resulting animals do not show the RNA-associated trait.
  • “If we can ingest a chemical from our environment that changes the epigenomes of the egg or sperm, why couldn’t our brain make a similar molecule that does the same thing?”
johnsonel7

Opinion | Do heuristics help us make good decisions in uncertain times? - 0 views

  • Do heuristics, the shortcuts that the brain takes, support efficient decision making or does it impede efficient decision making?
  • Humans have neither unlimited resources nor unlimited time to take decisions. So, the brain has always developed smart heuristics, shortcuts to take efficient decisions.
  • One other key thought put forward by Gigerenzer is that there is a big difference between risk and uncertainty. We are dealing with risk when you know all the alternatives, outcomes and their probabilities. We are dealing with uncertainty when you don’t know all the alternatives, outcomes or their probabilities.
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  • It has been found that if doctors are trained how to translate conditional probabilities into natural frequencies, the ability of the doctors to communicate the risk to their patients goes up dramatically. Just imagine the huge difference this can make to customer satisfaction in the healthcare business.
delgadool

Coronavirus pandemic: Congress response lets down workers, US economy - Business Insider - 0 views

  • The US share of global GDP is nearly 15%. If our economy can't stabilize and then recover from the coronavirus pandemic, it will be harder for the world to do so
  • it's imperative that Congress write fair, generous legislation to get us through the economic shutdown required to fight the virus
  • But that isn't what's happening. Republicans accuse Democrats of not moving fast enough. Democrats accuse Republicans of short-changing American workers and favoring big corporations.
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  • Under-funding this stimulus will drag the global economy down. And any appearance that corporations are getting a more fair deal than individuals will make people not want to comply. A lack of compliance will drag on the crisis.
  • When it falls into ruin, the entire global economy drags. We saw that happen during the financial crisis of 2008.
    • delgadool
       
      Example of comparable situation
  • Congress could under-fund the US coronavirus stimulus package. If they do, they put not only the economy but the effort to fight the virus at risk.
  • this weekend the Senate was unable to pass aid legislation
  • Democrats also rejected the bill over a lack of labor protections that would only mandate corporations keep employees "to the extent possible." They want more limits on executive compensation and share buybacks, and they want more money for healthcare workers. They accuse Republicans of being cheap, and writing a deal that favors corporations over average Americans.
  • The only proposal that comes close to being generous enough for individuals comes from Democratic Rep. Rashida Tlaib. It would give a prepaid card with $2,000 to every American. That card would then be recharged with $1,000 monthly until one year after the end of the coronavirus crisis. This is the kind of plan that will make Americans believe the government has their back, not just the backs of big corporations.
  • The distrust that is bred by corruption will make it much harder to fight this virus, potentially dragging out the crisis. The vast majority of Americans already think that our lack of trust in each other and our government makes it hard to solve problems, according to Pew Research. If Americans feel like this whole aid package is a handout to big corporations — which they also distrust — they may stop listening to authorities.
  • Goldman Sachs estimates that the recession brought on by fighting off coronavirus will trough in April, knocking 10% off US GDP. Over time, bank analysts wrote last week, the economy should begin to grow again incrementally. How fast depends on how well Americans comply with government social-distancing mandates. Americans have to want to comply.
  • Small and midsize companies make up 83% of the US economy, and thousands of workers are already out of a job across the country. Means-testing initial payments to individuals — that is, restricting who gets the checks based on income — is a waste of time.
manhefnawi

Pythagoras on the Purpose of Life and the Meaning of Wisdom - Brain Pickings - 0 views

  • Abiding insight into the aim of human existence from the man who revolutionized science and coined the word “philosopher.”
  • Alongside his revolutionary science, Pythagoras coined the word philosopher to describe himself as a “lover of wisdom” — a love the subject of which he encapsulated in a short, insightful meditation on the uses of philosophy in human life.
tongoscar

'Fresh Off the Boat' and the Asian American Entertainment Boom | Hollywood Reporter - 0 views

  • Even as the ABC series slipped in quality, it was instrumental in helping launch a boom in big- and small-screen Asian American representation.
  • Without Fresh Off the Boat, the current Asian American boom in Hollywood wouldn't — couldn't — look like it does today. When the ABC series debuted as a midseason replacement in February 2015, it was the first Asian American family sitcom since the cancellation of Margaret Cho's All-American Girl after one season two decades prior.
  • I wrote my personal eulogy for the sitcom back in 2018, shortly after the Season 5 premiere, and shortly before I regretfully quit watching.
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  • But around the fourth season, Jessica became the show's petulant brat needing growing up — a mother of three school-age children who regularly taught her life lessons.
  • Fresh Off the Boat likely hit its artistic peak in the two-part Season 3 finale, when the Huangs briefly move into a mansion they can barely afford on the rich part of town, where they have no friends and can barely keep the lights on.
  • Today's Asian American boom likely would have happened at one juncture or another, but it is genuinely remarkable how many Asian American projects — and how many different kinds of Asian American representation — have come out of Fresh Off the Boat. To briefly play Sliding Doors, if ABC had never taken a chance on Fresh Off the Boat, it's harder to imagine Crazy Rich Asians being greenlit with nary a recognizable star, especially one like Wu, who had garnered much good will in the show's early seasons by advocating for Asian American issues off screen as well.
  • For a series based on a chef's autobiography and regularly set at a restaurant, food has played a relatively minor role on Fresh Off the Boat.
  • It's entirely possible that plenty of Asian American progress would've happened in the Sliding Doors version of our universe where Fresh Off the Boat never made it onto the air.
sanderk

Bose is the latest tech company to expand into healthcare - 0 views

  • We form beliefs in a haphazard way, believing all sorts of things based just on what we hear out in the world but haven’t researched for ourselves.
  • It turns out, though, that we actually form abstract beliefs this way: We hear something; We believe it to be true; Only sometimes, later, if we have the time or the inclination, we think about it and vet it, determining whether it is, in fact, true or false
  • “People are credulous creatures who find it very easy to believe and very difficult to doubt. In fact, believing is so easy, and perhaps so inevitable, that it may be more like involuntary comprehension than it is like rational assessment.”
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  • Under any sort of pressure, they presumed all the statements were true, regardless of their labeling.
  • How we form beliefs was shaped by the evolutionary push toward efficiency rather than accuracy.
  • Before language, our ancestors could form new beliefs only through what they directly experienced of the physical world around them. For perceptual beliefs from direct sensory experience, it’s reasonable to presume our senses aren’t lying. Seeing is, after all, believing. In fact, questioning what you see or hear can get you eaten. For our evolutionary ancestors, it was better to be safe than sorry, especially when considering whether to believe that rustling in the grass is a lion.As a result, we didn’t develop a high degree of skepticism when our beliefs were about things we directly experienced, especially when our lives were at stake.
  • As complex language evolved, we gained the ability to form beliefs about things we hadn’t actually experienced for ourselves–and tended to believe them just as strongly.
  • The bigger risk is in failing to update our beliefs when new information arises
  • we still form beliefs without vetting most of them, and maintain them even after receiving clear, corrective information.
  • The next time you argue with someone about something you believe to be true, step back and ask yourself how you came to this conclusion.
delgadool

Fed Unveils QE Measures to Fight Coronavirus Economic Slowdown - Bloomberg - 0 views

  • sweeping series of measures that pushed the 106-year old central bank deeper into uncharted territory.
  • central bank said it will buy unlimited amounts of Treasury bonds and mortgage-backed securities to keep borrowing costs at rock-bottom levels -- and to help ensure chaotic markets function properly. It also set up programs to ensure credit flows to corporations as well as state and local governments.
  • unnerved investors are by the pandemic, the Fed’s moves failed to spark anything beyond a brief rally in stocks and corporate bonds Monday after weeks of staggering losses
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  • Stocks fell 4.5% in New York
  • Some pockets of the market reacted positively to the Fed moves. Signs of stress in the corporate debt sector eased, with the CDX Investment Grade index spread tightening. Bond ETFs eligible for central-bank purchases rallied and the dollar retreated versus major peers.
  • Group of 20 finance ministers and central bank chiefs separately joined an emergency call to work on a joint response to the economic blow dealt by the pandemic.
  • U.S. unemployment rate may hit 30% in the second quarter, along with a 50% drop in gross domestic product. Morgan Stanley expects the U.S. economy to plummet 30% in the second quarter.
  • The package included several unprecedented steps for the Fed, including intervention in the corporate bond market, purchases of commercial asset-backed mortgages and exchange-traded funds, and, if Congress clears the way, a significant Main Street lending program directly aimed at aiding small businesses.
  • emergency facilities will employ a total of $300 billion, backed by $30 billion from the Treasury’s Exchange Stabilization Fund.
  • Fed said a week ago it would buy at least $500 billion of Treasuries and $200 billion of agency MBS. The Fed will now make those purchases unlimited and will take on a slew of new efforts, many aimed at directly aiding employers and households, as well as cities and states.
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