MIT researchers and colleagues recently discovered an important - and unexpected - electronic property of graphene, a material discovered only about 17.
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A banking crisis is often seen as a self-fulfulling prophecy: The expectation of bank failure makes it happen. Picture people lining up to withdraw their money during the Great Depression or customers making a run on Britain’s Northern Rock bank in 2007.
But a new paper co-authored by an MIT professor suggests we have been missing the bigger picture about banking crises. Yes, there are sometimes panics about banks that create self-reinforcing problems. But many banking crises are quieter: Even without customers panicking, banks can suffer losses serious enough to create subsequent economy-wide downturns.
“Panics are not needed for banking crises to have severe economic consequences,” says Emil Verner, the MIT professor who helped lead the study. “But when panics do occur, those tend to be the most severe episodes. Panics are an important amplification mechanism for banking crises, but not a necessary condition.”
Διαδικτυακή Τελετή Καθομολόγησης του Τμήματος Ναυτιλίας και Επιχειρηματικών Υπηρεσιών του Πανεπιστημίου Αιγαίου alithia.gr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alithia.gr Daily Mail and Mail on Sunday newspapers.
Obama And Harris: The Political Marriage That Changed And Will Continue To Change America
Source: Dr. John Egbeazien Oshodi Listen to article
America has a long history of racial prejudice and spoils of racism shaped by a history of different paths of accepting immigrants into America. As a nation, America remains dynamic, by definition and practice; in the process, it is shaped by the constant battle between its darkest impulses and better angels.
America, known for its oppressive influences of persons of black skin, in its dynamic manner allows for the affirmation of a black body into the American presidency, a move that amazingly results into a virtue of the American exceptionalism. First, in line with the society’s changing spaces was the ascension of the presidency of Barack Obama, the son of a black immigrant from Kenya, Barack Hussein Obama, Sr., who later became an American trained economist. Secondly, is Kamala Harris, the incoming Vice-President, the daughter of Dona
An Arizona State University anthropology student is among a group of international researchers who this week published one of the first DNA studies of dire wolves extinct canines that roamed Earth thousands of years ago.