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Daily Archives: November 29, 2020
Maradonas divine goal and worthy absurdities – Mint
Posted: November 29, 2020 at 6:08 am
No goal has riveted eyeballs quite like the Hand of God" one scoredor stolenby Argentine football legend Diego Maradona, whose life was claimed by a heart attack on Wednesday. He was 60, loved for his mastery of the game, admired for his art as much as artifice, and a rare player who could send up a great groan across the globe each time he took a fall, his fandom mostly intact through a run of latter-day addictions (and all that befell him thereafter). The goal for Argentina that appears to have granted him immortality was against England in a 1986 FIFA World Cup quarter- final, a match fraught with the fallout of their 1982 Falklands War, which saw the former fail to wrest control of islands off its coast long held under British colonial rule. On the field that day, Argentina won 2-1, thanks to a ball fisted into the net by a leaping Maradona. Mistaken as a header by the Tunisian referee, the goal was awarded, though our impish master of sleight would later admit divine intervention. It was scored, he said, a little with the head of Maradona and a little with the hand of God". It was absurd, of course, but an absurdity that had popular endorsement all the same. For, it was his second goal, struck four minutes later with a delightfully-dribbled run all the way from the Argentine half to the English goalpost that wowed us enough to call it the Goal of the Century" and hail his greatness. That strike alone was seen to be worth two on the scoreboard. Surely, it deserved as much, did it not?
What seems bizarre to some could be just another shrug-and-move-on matter for others. Think of the endless loop of Argentinas sovereign debt, its defaults, and its tango with the International Monetary Fund (IMF). As it happens, the country is back trying to defer its dues to the lender, some $44 billion of it this time, having won an IMF package to avert a default just two years ago. It routinely imports more than it exports, watches its peso fall, sees local prices of imported goods soar, runs short of dollars, has tight-money and fiscal-austerity plans imposed, then reopens public coffers to quell unrest and ends up staring at its next crisis. Arguably, what its economy needs is export competitiveness, a ground-up exercise, rather than periodic fixes of macro policy.
Speaking of absurdity, perhaps the worlds most apparent one nowadays is the price inversion seen in financial markets, where investors have been piling into negative-yield bonds. In effect, borrowers are getting paid to borrow money. As debt issuers, Europe and China have both been beneficiaries of this. A closer look, however, reveals an explanation. For one, it is a direct outcome of the super-cheap lending done by major central banks to stimulate covid-crunched commercial activity. Once official interest rates are pushed to negligible levels, they could drop below zero in real terms anyway (if inflation is higher). For another, market rates on debt can go into the minus zone if theres a rush for overpriced bonds, and there currently exists robust demand for negative-yield paper that is not irrational. Such securities are usually secure, backed as they are by governments, and thus serve as safe havens in uncertain times. They also act as a deflation hedge. Moreover, if downward pressures on rates persist, they can even be sold off for more money. All said, if the usual rules of play can bend so easily in the credit arena, why not in a football stadium?
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Why Jordan Peterson’s Message on Gratitude Is More Important Than Ever | Jon Miltimore – Foundation for Economic Education
Posted: at 6:08 am
Around Thanksgiving, many of us try to pause and reflect on the things we are grateful for in our lives.
Gratitude doesnt come easy for humans, but on the fourth Thursday in November many of us do our best to try to be grateful, at least for this one day of the year.
There are many things for which Im grateful. We live during a time noteworthy for its peace and plenty, both of which are remarkable compared to any other period in human history. Im grateful for the good health I enjoy today and the relative lack of suffering Ive had to endure in more than four decades on this earth. In my personal life, Im thankful for the friends and family who have given me so much, and for a devoted wife who has given me three healthy children, and much more.
Its good to be grateful for such things, I think, but last night it occurred to me I was also missing something. My daughter had just finally fallen asleep, and I was re-reading Jordan Petersons book 12 Rules for Life on the floor. (We read books together at bedtime.)
Someone had remarked to me recently that Peterson talks about gratitude in the books second chapter, Treat Yourself Like Someone You Are Responsible for Helping. Sure enough, near the end of the chapter Peterson mentions a miracle of life he feels a profound, dumbfounded gratitude for: the persistence of humans in severe pain to continue bearing lifes burdens.
It is they, Peterson argues, who hold society together through little more than grit and tenacious spirit.
Most individuals are dealing with one or more serious health problems while going productively about their business, Peterson writes.
If anyone is fortunate enough to be in a rare period of grace and health, personally, then he or she typically has at least one close family member in crisis, he continues. Yet people prevail and continue to do difficult and effortless tasks to hold themselves and their families and society together.
Its easy to forget the number of people in pain in this world. By the nature of his profession, Peterson, a clinical psychologist, is more aware than most of the pain humans endure.
What shocks Peterson, and makes him profoundly grateful, is the masses of suffering people who do not give in to despairbut instead continue to bear responsibility despite the slings and arrows of life.
People are so tortured by the limitations and constraints of Being that I am amazed they ever act properly or look beyond themselves at all, Peterson writes. But enough do so that we have central heat and running water and infinite computational power and electricity and enough for everyone to eat and even the capacity to contemplate the fate of broader society and nature, terrible nature, itself.
"All that complex machinery that protects us from freezing and starving and dying from lack of water tends unceasingly towards malfunction through entropy, and it is only the constant attention of careful people that keeps it working so unbelievably well, he continues. Some people degenerate into the hell of resentment and the hatred of Being, but most refuse to do so, despite their suffering and disappointments and losses and inadequacies and ugliness, and again that is a miracle for those with the eyes to see it.
In a sense, this is the flip side of Atlas Shrugged, Ayn Rands popular 1957 magnum opus on individualism and capitalism. Rand saw the Atlases of the world as the productive entrepreneurs who worked tirelessly to create value despite looters seeking to steal the fruits of their labor.
The Atlases of the world, as Peterson sees it, are the millions and millions of faceless people who persevere in the face of adversity and suffering that would drive so many to despair.
This is why people must treat themselves like someone they are responsible for helping. We must care for ourselves so we can bear the burden and suffering that life will inevitably inflict upon us, Peterson argues.
You need to consider the future and think, 'What might my life look like if I were caring for myself properly? What career would challenge me and render me productive and helpful, so that I could shoulder my share of the load, and enjoy the consequences? What should I be doing, when I have some freedom, to improve my health, expand my knowledge, and strengthen my body?'
Heaven, Peterson explains, will not arrive on its own. And if we fail to strengthen ourselves, we may find its opposite here on earth.
So this Thanksgiving, I can only express my deepest thanks to all the people who continue to persevere despite the chaos and pain, who refuse to succumb to despair, resentment, envy, and cruelty.
You, too, are the Atlases of this worldparticularly during this season of despair and suffering.
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Publish and be damned. Don’t publish and be damned – Sydney Morning Herald
Posted: at 6:08 am
So when a writer is on the nose what do you? The issue arose this week when it was reported that staff at Penguin Random House in Canada had objected to the local arm of the worlds largest publisher handling the latest book, Beyond Order, by psychologist Jordan Peterson because of his popularity in far-right circles.
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The Peterson kerfuffle comes after staff at Hachette in the US objected to publication of Woody Allens memoir and a Perth bookstore refused to stock the Harry Potter novels after author J.K. Rowling was slammed on social media for her views on transgender people.
And it comes not long after Pan Macmillan took pre-emptive action by dumping chef and alternative-health advocate Pete Evans: Those views are not our views as a company or the views of our staff. Book chain Dymocks followed suit by recommending to its franchisees that they return their stock.
Henry Rosenbloom, publisher at Scribe, says as he deals with serious non-fiction he is happy to handle books that he disagrees with. It is an essential part of our democracy, but they have to be well argued and not just fantasy. I have published people a long way to the right of me and Scribes position. I like publishing contrarians, offering new interpretations, historical revision and political arguments.
But he is uncertain what he would do if he were presented with a book by someone such as Peterson. The staff would have significant influence in any decision, he said. In the end, it would boil down to whether it would be morally acceptable to publish the views of a particularly controversial figure.
Mr Rosenbloom says a publisher couldnt take on a book such as Allens if the staff was strongly opposed. Like titles Mr Rosenbloom has rejected, Allens was later published by another house. There are legitimate arguments to be had about his behaviour, but hes entitled to tell his story.
And there is nothing wrong with a publishing house having a particular position or character provided it is authentic. Mr Rosenbloom says as a publisher Scribe has been warning of global warming since the late 1980s so he would never publish a climate-change denier.
The problem for big booksellers such as Dymocks is that there is a disconnect between what is stocked on its shelves and what is available on its website. Titles available online amount to many millions and the sites are automatically updated by data feeds. So although Dymocks might, say, be careful to stock only a carefully annotated edition of Hitlers Mein Kampf, there may be other editions on the website.
Rejecting titles grates with Readings managing director Mark Rubbo, although he agreed about those by Evans because of his use of neo-Nazi imagery.
A lot of my younger staff feel quite strongly about certain books. My argument is were not censors; were selling books to adults. We do have discussions but as a bookseller its about an exchange of ideas. With cancel culture we are getting more pressure, but if a book seems terribly unsuitable we wont go out of our way to shout about it to the rafters.
Should the industry be worried as a consequence of the recent flare-ups? Ms Inglis thinks not.
Were talking a lot more about them because of the impact of social media, people can communicate much more easily and make their feelings known. We always want to back stories that are good even if we dont necessarily agree with them. But when it comes to something thats dangerous, thats a different kettle of fish.
Jason Steger is Books Editor at The Age and The Sydney Morning Herald
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Exploring the Last Green Valley: Beauty found in December evergreens – Norwich Bulletin
Posted: at 6:08 am
By Bill Reid, For The Bulletin| The Bulletin
Each pine is like a great green feather stuck in the ground. Myriad white pine boughs extend themselves horizontally, one above and behind another, each bearing its burden of silvery sunlight… from Henry David Thoreaus journal, Nov. 30, 1851
Todays column is the third in a series about finding beauty in nature. My intention is to share the splendor of the natural world I encounter each month as we pass together through the four seasons of The Last Green Valley National Heritage Corridor. I hope they help you consider what beauty in nature means to you, and I invite you to share your thoughts with me.
Is beauty only in the sight of the beholder? Or can beauty also be something that you smell a pleasant scent that tingles the olfactory gland and draws in a fond memory? The smell of evergreen and cut conifer with sticky pitch oozing from a pine branch or a spruce stump was planted deep in my scent database as a child.
I remember one frosty December day going with my dad and two brothers to a local Christmas tree farm to cut a fresh tree for the approaching holiday. Dad selected the tree, and my oldest brother, with bow saw in hand lay on his stomach under the tree and sliced through the trunk with several quick pulls of the saw. I squatted next to him and the sharp and minty evergreen smell from the blowing sawdust floated over me.
After the tree had been set up in the house it was my job each day to crawl under the sweeping bows to fill the tree-stand reservoir with water. In the warmth of the house the smell of evergreen was sharp and invigorating and a beautiful symbol of the holiday season.
An outdoor ramble in December is when we notice again the conifers. The green and colorful fall foliage of the deciduous trees is gone with the winds of autumn, their brown remnants scattered on the forest floor. Now, it is the white pine and hemlock taking center stage in their green coats to stand out against the naked skeletons of oak, maple, hickory, birch and ash. They share the stage with a supporting cast of spruces, red and white cedar, red pine and pitch pine though it is the lead actors of pine and hemlock that dominate our winter scene.
The white pine stands tall, erect and solid with long branches held out straight from its trunk or slightly elevated to the sun. Usually the tallest tree in the forest, it dominates hill tops and water edges. The branches are long and grow in annual tiers resembling successive platforms of a tower. This characteristic is one reason why bald eagles build their massive nests within the top sections of a pine. It is also a feature that makes for climbing a pine relatively easy.
When I was a boy, I used to walk from tree to tree high above the forest floor, clinging to pitchy pine branches, feet on a bough like a tightrope walker. Andrew Vietze, White Pine: American History and the Tree That Made a Nation.
I too was once a climber of pine trees, though not daring enough to walk branches from tree to tree. Hidden within dark green foliage I would cling to its sturdy trunk as it swayed in a gentle breeze. Remnants of a pine climbing episode would remain with me for a day or two in the dark spots of pitch stuck to my hands and clothing.
If beauty can be found in both the sight and scent of pine trees, then so too is it revealed by the murmur of wind through its boughs. As a child high up in the canopy, the wind could be frightening. But I am no longer a climber of trees, and the sound is but a magical whisper of secrets revealed when least expected.
Joining the white pine among our most common evergreens is the majestic eastern hemlock. Its shape is similar to firs and spruces with a teepee shape perfect for shedding snow. Its topmost branches love the sun but this shade tolerant tree takes its time to get there.
But though the Hemlocks top may rejoice in the boldest sun and brave any storm, the tree unfailingly has its roots down in deep, cool, perpetually moist earth. And no more light and heat than a glancing sunbeam ever penetrates through the somber shade of its boughs to the forest floor. Beside shade, the Hemlock loves rocks; it likes to straddle them with its ruddy roots, to crack them with is growing, to rub its knees against a great boulder. Donald Culross Peattie from A Natural History of North American Trees.
On hot summer days a hemlock forest will be much cooler that the surrounding area. The earth beneath the trees is thick and deep with discarded needles, and the heavy, low sweeping branches shade the forest floor in cool air. In winter those same branches prevent the snow piling too deep and deer will take advantage of this and bed down for the night under the hemlocks or to gather there in numbers to wait out a storm.
On winter forest rambles I like to search beneath the hemlocks for a shallow depression in the snow where the deer had rested. Ill look for tufts of hair clinging to the branches, another clue to their evening sojourn among the hemlocks.
December is here, and though the hills are mostly bare, it is the conifers that bring us the green we long for. Our tradition of bringing evergreen into the house around the winter solstice goes back to European pagans who decorated their homes with fir branches. Through the long winter the shades of green provide color during cold wintertime and symbolize eternal life and immortality.
I hope youll join me in finding beauty in each month even during the winter months ahead. We live in a beautiful place called The Last Green Valley our very own homegrown National Park. Together let us care for it, enjoy it, and pass it on.
Bill Reid is the chief ranger of The Last Green Valley National Heritage Corridor and has lived in the region for more than 35 years. He can be reached at bill@tlgv.org
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The ghost of Lady Chatterley’s lover protecting today’s feeble-minded – Sydney Morning Herald
Posted: at 6:07 am
He became an icon to some and an effigy to others for suggesting that dominance hierarchies are as old as evolution. This is where the lobsters come in. Peterson uses their territorial and mating habits as an archetype of the behaviours that play out across different species, including humanity. He urges readers not to behave like a defeated lobster, but to change their habits to literally stand up straight to create a positive feedback loop that will improve their brain chemistry and set them on the path of success.
Among the most surprisingly controversial of Petersons recommendations is the idea that you should clean up your own room. It seems he hit a raw nerve with activists when he added: I dont know how you can protest the entire economic structure of the world if you cant keep your room organised.
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It is interesting to contrast the reaction to Peterson with the reaction to another book Penguin released the same year as 12 Rules. Robin DiAngelos White Fragility has triggered no anguish within staff ranks. It is also a type of self-help book, which encourages white people to see everything through a prism of race in order to become actively anti-racist. DiAngelos central point, that we are often blind to the structures we are socialised into, is sound. She argues that, as a consequence of this socialisation, white people cant help being racist. It seems she knows a lot of people who recite anti-racist mantras but have never engaged with the intrinsic and extrinsic barriers to change. She therefore takes this hypocrisy to be typical of all white people and charges companies up to $US30,000 a session to lecture their employees on it.
That is not to say she is insincere. DiAngelos personal anecdotes repeatedly describe situations in which she has behaved badly toward black people in her life, or had racist thoughts. She seeks atonement for her own racism in foisting a very Catholic concept of the indelible stain of whiteness on those who are Caucasian by birth or have been conferred honorary whiteness by virtue of their success as a race. Mind you, the idea she perpetuates of whiteness as equated with success is a pernicious piece of racism in itself. For what its worth, DiAngelo is Jewish.
So the great irony of these two self-help books is that their authors seem to need them most. But neither seem particularly helped by the insights in their defining tomes. Granted, Robin DiAngelo has faired better, taking in tens of thousands consulting fees off the back of her bestseller, while Peterson spiralled into anxiety and dependence following the release of his.
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Nonetheless, they have made a big impact in the Western world. Contrasting the theses of the books offers us a window into the new political alignments taking form. If Petersons core thesis is we must fix ourselves, DiAngelos thesis is we must fix other people.
This perhaps explains why the authors have been labelled conservative and progressive respectively, or at least why people identifying with these classifications gravitate towards the author with whom they perceive themselves as aligning. Penguin junior staff are drawn to the notion of fixing a radicalised father or protecting a non-binary friend from being negatively affected.
Mervyn Griffith-Jones, the barrister who led the prosecution of Penguin over the publication of Lady Chatterleys Lover, would have approved. As he announced in his opening statement, the novel was not something "you would even wish your wife or servants to read.
This notion that we must guard the supposedly feeble-minded and less educated under our protection from ideas that might lead them into dissent from our own worldview sits comfortably with the demands of the Penguin activists. The circle of history is almost complete; both the publisher and the lobster might be surprised at the side of history theyve ended up occupying.
Parnell Palme McGuinness is managing director, strategy and policy, at strategic communications firm Agenda C.
Parnell Palme McGuinness is managing director of Agenda C.
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Amazing Cultivation Simulator blends Taoist philosophy with Dwarf Fortress – PCGamesN
Posted: at 6:07 am
While its name may be a bit ungainly, Amazing Cultivation Simulator is a management game about achieving spiritual balance. Taking its cues from Dwarf Fortress and Rimworld, Amazing Cultivation Simulator is already a hit in its native China, and now its available on Steam with a full western localization.
As in other colony management games, your job in Amazing Cultivation Simulator is to direct your people to build up your settlement, which in this case is a cultivation sect in the mythical Tiancang era. Youll recruit novices and guide their training, building schools for their physical, mental, and spiritual development. Ultimately, your goal is to achieve immortality.
Unfortunately, to get there youll have to rebuild the Taiyi Sect from the ground up, since the last master got a bit too far out over his skis. There are ancient dangers around the world, which youll have to explore in order to gather the remnants back together. Its all inspired by the Chinese literary tradition of xianxia, which draws from Buddhist and Taoist philosophy.
Heres the trailer:
As you expand, youll run into NPC factions who youll want to befriend or protect yourself against, and youll need to maintain the balance between good and evil in the world while you scour it for relics and artifacts.If this sounds like your idea of a good time, you can find Amazing Cultivation Simulator on Steam right now.
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The myth of the apple – Evangelical Focus
Posted: at 6:07 am
Like an apple tree among the trees of the forest
is my beloved among the young men.
I delight to sit in his shade,
and his fruit is sweet to my taste.
(Song of Songs 2:3)
The Hebrew word thappuakh means apple or apple tree and refers to a species of tree now known as Malus domestica or common apple tree.
This name was translated into Greek as melon, and into Latin as malum. It is a fruit tree that was mentioned in the Old Testament and grew abundantly in Ashkelon, the country of the Philistines. There were several places that bore this name in the Hebrew Bible, such as Tapa (Joshua 12:17; 15;34; 17:8) and Bet-tapa (Joshua 15:53), which probably indicates that there were plantations of apple trees in many different parts of the Biblical lands.
Besides, in the book of Joel it appears as one of the fruit trees that were grown next to the vine, the fig-tree and the palm-tree (Joel 1:12). It was a plant that not only produced sweet, healthy fruit, but also provided very welcome protection from the burning rays of the sun (Song of Songs 2:3). Under its shade you could sleep peacefully (Song of Songs 8:5), and its aroma could reanimate you if you fainted (Song of Songs 2:5).
The Egyptians also grew these trees as far back as the era of Rameses II (13th century BC). Likewise, the Greeks associated their fruit with Aphrodite, the goddess of love, beauty and sexuality. The lover would throw an apple to his beloved to symbolically express his love for her and, if she caught it, it meant that she accepted him. [1]
Another popular myth, related with the Biblical story of the Fall and sin of Adam and Eve, is the belief that the forbidden fruit was an apple.
Scripture refers, in fact, to the fruit of the tree in the middle of the garden (Genesis 3:3), but it says nothing about apples. So why have so many painters and illustrators since ancient times represented Eve as biting an apple and then passing it to Adam? Why have artists and writers, from Albert Drer in 1504 to John Milton, in his 17th century narrative poem Paradise Lost insisted so strongly on the apple of discord?
The answer lies in the curious play on the Latin words, dating from the 4th century AD, associated with the Vulgate translation.
In fact, in the year 374, Pope Damasus I asked his secretary, the historian Jerome of Stridon, to translate the Bible into spoken Latin, from the earliest Hebrew versions available. This translation took 15 years to complete, and came to be known as the Vulgate. Later, in 1546, it was approved by the Council of Trent, and went on to become the official version of the Catholic Church.
The reference to the apple originated in the similarity in Latin between two Latin words. Jerome ingeniously conflated the Latin adjective malus, meaning bad, and the noun malum, which means apple to show how Eve, in biting the malum (the apple) fell prey to malus (evil).
resco de la Capilla Sixtina (Vaticano) pintado por Miguel ngel a principios del siglo XVI, en el que se representa la tentacin de Adn y Eva
However, the Hebrew text does not specify which fruit it was but uses the general term peri, which could refer to any kind of fruit. Some Jewish commentators suggest that it might have been a fig. This, in fact, is the fruit that Michelangelo painted in the famous scene of the temptation and expulsion from Eden depicted in the Sistine Chapel.
Other authors, besides apples and figs, refer to pomegranates, grapes, apricots, etc. Despite this, apples gained in popularity at the expense of the other options, especially after Albert Drers engraving, and thus other artists followed suit, so that Eves apple became widespread and became the myth that is now taken for granted.
From a botanical point of view, the origin of the apple tree is uncertain, though it is believed that other wild species like the Malus sylvestris, Malus orientalis and Malus sieversii became intermingled with the Malus domestica species cultivated by humans. This would locate the origin of the tree in Caucasia and Turkestan (central Asia). From there it would have spread to Palestine, Egypt, Greece, from where the Romans might have introduced the fruit to Europe. Now more than a thousand varieties of apples are grown throughout the world, the results of countless hybridations with wild apple species.
The apple is one of the healthiest fruits that exist as its nutrients are a source of numerous benefits for human beings. In particular, it is rich in pectin, a type of soluble fibre which forms part of the cell wall of plants. When this substance combines with sugar or different acids, it forms a jelly-like substance that is used to make jam. This soluble fibre helps to reduce the level of cholesterol in the blood, which makes apples a good means of keeping cholesterol under control.
Another interesting substance in this fruit is quercitin, a natural colouring which has antioxidant properties, that is to say, it neutralises the free radicals which oxidise the organism and contribute to the appearance of numerous diseases, such as a range of cancerous tumours. In this way, apples help to keep the intestines, and therefore the whole body, in a healthy condition.
In Greek Mythology, the Hesperides were nymphs who lived in a garden, known as the Hesperides Garden, where a very special apple tree grew. It was a tree that produced golden apples, which imparted immortality to whoever ate them (note the similarities with the Biblical story). The task of the Hesperides consisted in protecting this apple tree from any mortal who tried to steal the apples in order to become immortal. To this end, they were able to count on the help of a hundred-headed dragon called Ladon.
Hugh Macmillan (1833 1903), a minister of the Free Church of Scotland wrote the following, with reference to such dreams of immortality:
All these dreams have turned out to be vain and empty of meaning. They arise from earthly longings, rather than a divine promise: they are the fruit of egotism, not of holy aspiration. In a fallen world full of the sorrow caused by sin, no man can achieve fulfilment. Every fruit in the affairs of humankind is marked by suffering and only won through pain. Earthly happiness is a flower that always grows out of a cruel thorn, masked by human manipulation. The poetic myth that places the golden apples in the Hesperides, a garden guarded by dragons, is an allegory of our human reality: if we do not put to death the dragons of egotism and sloth we shall never achieve golden success in life. And even if we could achieve the objects of our desire without work or effort, we would not be able to enjoy them, because if we wish them to do us any real good, they must be the result of our self-denial and hard-work. This is the great lesson that we learn from way in which the Lord performed his miracles. They teach us that both in temporal and in spiritual matters, we cannot glibly throw ourselves into the arms of divine providence and grace if this means that we neglect our own responsibility and the work that it is our part to perform. [2]
[1]Edmonds, J. M., trans.; rev. John M. Cooper. "Epigrams".Plato: Complete Works.Ed. John M. Cooper. Indianapolis: Hackett, 1997, p. 1744.
[2]Spurgeon, The Treasury of David
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The Government’s Reckless Student Lending is Creating a Budget Hole Akin to the 2008 Crisis, New Analysis Shows | Brad Polumbo – Foundation for…
Posted: at 6:07 am
Theres no doubt that federal student loan programs were created with good intentions. Advocates wanted to help more young Americans pursue a college education and achieve social mobility. But the unintended consequences of short-sighted federal intervention into the higher education market are growing ever more apparent by the day.
Ample research already documents the way that federal subsidization of student loans has led to rampant tuition price inflation.
Per CNBC, private colleges have seen 129 percent price inflation since 1988 in inflation-adjusted dollars. At public colleges, prices have more than doubled over the same period. By handing out student loans like candy on Halloween, the federal government artificially inflated demandthus encouraging and enabling tuition hikes.
For instance, research published by the New York Federal Reserve found that every dollar the government gave out in subsidized loans led to a 60 cent rise in tuition rates. And a Harvard study comparing higher education programs that accepted federal aid to those that did not found that tuition at aid-accepting programs grew much faster.
But new reporting reveals another giant problem plaguing the federal student loan regime. The Wall Street Journal reports that the government is set to lose nearly half a trillion in taxpayer dollars from student loans that wont be repaid. This gaping hole in the budget is nearly as much as banks lost from subprime mortgages in the 2008 financial crisis.
The Education Department, with the help of two private consultants, looked at $1.37 trillion in student loans held by the government at the start of the year, the Journal reports. "Their conclusion: Borrowers will pay back $935 billion in principal and interest. That would leave taxpayers on the hook for $435 billion.
After decades of no-questions-asked lending, the government is realizing that it has a pile of toxic debt on its books, the report continues. The government lends more than $100 billion each year to students to cover tuition at more than 6,000 colleges and universities. It ignores factors such as credit scores and field of study, and it doesnt analyze whether students will earn enough after graduating to cover their debt.
Think about it like this. In the free market, banks do their best to ensure they lend money to prospective borrowers likely to repay the loan, yielding a net positive return on their investment. Banks that do this successfully stay in business, while those who repeatedly misjudge their borrowers go bust.
As the Journals Josh Mitchell explains, Since the financial crisis, private lenders typically originate loans only to borrowers with clean credit and require cosigners, and default rates are far lower than on federal loans.
Government student loan programs simply have none of the right incentives. Economic analysts from across the political perspective have noted this reality.
Theres no market discipline here, former Obama official Constantine Yannelis told the Journal. In 2007-2008, we saw a lot of lenders who were making risky bets going under. Theres no force like that in the student-loan market.
We make no attempt to evaluate the quality of the borrower, the ability to repay, the effectiveness of the loans, American Action Forum president and right-leaning economist Douglas Holtz-Eakin noted. The taxpayer ends up picking up the tab.
And its going to be quite the bomb in the federal budget when the loan program implodes. Taxpayers like you and me are going to be stuck with the $435 billion bill for the federal government's reckless financial decisions. To put this figure in context, its roughly $3,000 out of the pocket of every federal taxpayer.
This is just the impending financial burden of the status quo. It does not take into account various proposals to cancel student debt, all of which would further increase the burden taxpayers will have to pick up.
Theres a clear lesson we can take away from this dysfunctional outcome. Government programs and initiatives will always lack the profit motive that drives efficiency in the private sector. The lack of market forces will inevitably lead to waste and reckless spending.
Economist Ludwig von Mises wrote about this phenomenon in his work Bureaucracy.
A bureaucracy is missing the feedback so essential to capitalist success, Sheldon Richman wrote in summary of Misess argument. It gets its revenue not through the free choices of consumers, but rather from coerced taxpayers who must pay for services whether they use them or not, or like them or not.
As a result, a bureaucracy has no need to please consumers and faces no profit-and-loss test, he continued. It cannot calculate as a business can.
Misess warning is timeless, and it applies here perfectly. The implosion of the federal student loan program does offer yet another reminder why bureaucratic government interventions are always less efficient than free markets.
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YOUR HEALTH: Psoriasis and your mouth | wqad.com – WQAD.com
Posted: at 6:07 am
It's a problem that's more than skin-deep.
About seven and a half million Americans have psoriasis and about 40% of those patients also have joint inflammation that produces painful arthritis symptoms.
Now, new research suggests one surprising potential cause for the condition and some preventive measures patients can take.
Douglas Levin struggled with psoriatic arthritis before he adopted a healthier lifestyle to help counter the inflammation caused by his disease.
"Anytime you can control it by moderating your intake of food or other things you're that much better off."
Researchers know that a problem with the immune system can trigger psoriasis.
Now, Ohio State medical dermatologist Benjamin Kaffenberger is studying a potential linkbetween poor oral health, bacterial infections in the mouth, and psoriasis.
"When your body is attempting to fight this bacteria, probably it develops a little bit of a cross-reaction with the skin at the same time," he explained.
Researchers surveyed 100 patients with psoriasis, and 165 without psoriasis about their lifestyle and diet.
The results showed that poor dental and oral health, especially gum pain was associated with psoriasis.
"Unfortunately, a lot of patients don't have good access to dental care, or maybe just are too busy at a certain time frame," said Dr. Kaffenberger.
"So, they may not be getting that message when they have this disease in the first place."
Patients who had higher fruit consumption reported less significant psoriasis.
Ohio State University researchers said that indicates fresh foods may be a protective factor.
The study also reinforced earlier studies that found family history of psoriasis, smoking and obesity could be predictors of the condition.
For Levin, lifestyle changes means psoriasis no longer controls his life.
If this story has impacted your life or prompted you or someone you know to seek or change treatments, please let us know by contacting Jim Mertens atjim.mertens@wqad.comor Marjorie Bekaert Thomas atmthomas@ivanhoe.com.
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Diego Maradona did ‘everything better and bigger, but fell more dangerously and darker’ – WDJT
Posted: at 6:07 am
By Matias Grez, CNN
(CNN) -- Dawn had barely broken and already the queue of people waiting to pay their respects to Diego Maradona, who was lying in honor at the presidential palace in Buenos Aires, was estimated to be more than a mile long.
Some media outlets put the number of fans that would eventually gather there at around one million.
Across the Argentine capital, the city of his beloved Boca Juniors, many more paid their own special homage throughout the night, the innumerable murals of Maradona painted around the city each acting as a shrine.
Fans laid out the shirts of Argentina, Boca and Argentinos Juniors -- Maradona's first club -- across the pavements, lit candles and brought flowers. As they congregated, there was a mixture of celebration for what was and grief that his enigmatic story had ended.
His death on Wednesday prompted an outpouring of sorrow, led by President Alberto Fernndez who quickly announced three days of national mourning.
The impact of Maradona's passing, however, will be felt for many years to come in Argentina.
READ: The tormented genius who became one of football's greatest players
"For many reasons, which would probably take anthropologists and sociologists years to unravel, in Argentina football has a significant cultural role as a unifying factor in the forging of our national identity," Argentine journalist Marcela Mora y Araujo tells CNN Sport.
"So the combination of the game that people like to identify with and the best player in the world also identifying with that national emblem has led to him becoming a very treasured Argentinian -- almost national monument.
"His coffin is lying in wake today, in exactly the same way and place, where Evita's was and Peron's [former Argentina president and first lady] after her and so, in a sense, he is continuing a tradition of time honored Argentines who are also quite divisive.
"It doesn't mean everybody feels the same way about them all or that they're not controversial figures, but they represent something very, very, very key to the core of being Argentinian."
READ: Naples mourns Diego Maradona as his former club bids to rename the stadium in his honor
Maradona was Argentina's "Golden Boy," unquestionably the greatest player of his generation and one of the greatest in the game's history.
While he was already an icon before Argentina's victorious 1986 World Cup campaign, his performances in Mexico -- in particular the quarterfinal against England, which was played four years after the bloody Falklands War -- ensured his immortality in Argentina.
"D10s" -- with the letters 'i' and 'o' replaced by his iconic No. 10 -- would go on to become one of his enduring nicknames. "God."
Maradona, as has been widely documented, was flawed, but perhaps people saw some of themselves in those imperfections.
Born in the poor Villa Fiorito area of Buenos Aires, he raised himself out of poverty but never forgot where he came from.
"He was quite unique in the ability to be quite so vulnerable, so weak, so damaged, if you like, and also so successful, so gifted, so brilliant," Mora y Araujo says. "So in a way, we are all a little bit like him and he represents all men and all humans.
"We all identify to some level with some of his contradictions, some of his vulnerabilities, some of his issues and he was just an extreme exponent, like a pendulum. He did everything better, bigger, more, and he fell lower, more dangerously and darker.
"I would suggest that's the universal aspect of his appeal. I think people all over the world identify and acknowledge and recognize that and feel somehow reassured by the incredible humanity of someone who is seemingly superhuman."
READ: Diego Maradona lying in honor at Argentina's presidential palace
On the field, however, Maradona was as close to perfect as the game is ever likely to find.
He played football in an era not meant for players of his abilities; pitches were mud baths or dry and dusty and defenders were given free rein to scythe him down as they pleased.
But still Maradona shone, and far brighter than any of his contemporaries.
In other parts of the world -- notably England -- Maradona's "Hand of God" goal continues to remain arguably his most defining moment.
In Argentina, however, that incident is just a side note in an extraordinary legacy.
For many, it was sad to watch Maradona's health deteriorate following the end of his playing career, as he sought to fill the void that the joy of playing football had left.
"Definitely the images of the young, able Maradona dribbling, kicking the ball up in the air, smiling, training to music will prevail and they will be played over and over on a loop," Mora y Araujo says.
"I think the images of the more deteriorated Maradona might well be the more recent, but I don't necessarily think they will be the more enduring.
"If you look at pictures of him over time, he, you know, balloons in and out, he looks ill and well, old and young at various points. It's not a linear transformation at all.
"Interestingly, the still images of him overtime do exactly the same thing. You just see somebody that ages and rejuvenates and gets fatter and thinner and fitter and iller over time, not in a linear way.
"So I suspect that is what we will be left with, is this incredibly transformative being that in every expression of themselves actually had the same effect, ultimately, which is to impact millions and millions of lives."
With his death, millions of Argentines have lost a link to a glorious past, one in which they and Maradona ruled the world of football.
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