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Money Is Losing Its Meaning

Doing “whatever it takes” to save the global economy from the coronavirus pandemic is going to cost a lot of money. The U.S. government alone is spending a few trillion dollars, and the Federal Reserve is creating another few trillion dollars to keep the financial system from collapsing. A custom Bloomberg index measuring M2 figures for 12 major economies including the U.S., China, euro zone and Japan shows their aggregate money supply had already more than doubled to $80 trillion from before the 2008–2009 financial crisis.

These numbers are so large that they no longer have any meaning; they are simply abstractions. It’s been some time since people thought about the concept of money and its purpose. The broad idea is that money has value, but that value is not arbitrary. Former Fed Chairman Paul Volcker once said in an interview that “it is a governmental responsibility to maintain the value of the currency they issue. And when they fail to do that, it is something that undermines an essential trust in government.”

When Bats and Humans Were One and the Same

We are cousins of bats lol.


Dr David Haussler, Howard Hughes Medical Institute investigator working at University of California, Santa Cruz, co-authors report on computer analysis designed to reconstruct genome of 80-million-year-old mammal; holds that program has 98.5 percent accuracy rate and over next four years will formulate entire genome of ancestral mammal from total of 37 current mammalian species, including humans; research is published in journal Genome Research; graph (M)

A virology expert answers key questions on COVID-19

Discussion with A biologist answering about Covid in quite a lot of detail.

World Economic Forum


As of 23 March, there were 336,000 confirmed cases of COVID-19 in the world, with more than 250,000 cases outside China. Despite these numbers, much is still misunderstood or unknown about the virus which has brought regions of the globe to a standstill and placed huge pressure on the global economy.

Even what we do know – that elderly people are more at risk, that this is a new virus but resembles other known epidemics, that it is highly infectious – requires more explanation.

Here, Belgian virologist Guido Vanham, the former head of virology at the Institute for Tropical Medicine in Antwerp, Belgium, helps answer questions about COVID-19’s origins, its behaviour and its future.

Active and passive immunity, vaccine types, excipients and licensing

Fyodor R…


Abstract Immunity is the state of protection against infectious disease conferred either through an immune response generated by immunization or previous infection or by other non-immunological factors. This article reviews active and passive immunity and the differences between them: it also describes the four different commercially available vaccine types (live attenuated, killed/inactivated, subunit and toxoid): it also looks at how these different vaccines generate an adaptive immune response.

Space industry consortium concerned about financial health of small businesses

WASHINGTON — The Space Enterprise Consortium — an organization created in 2017 to attract space companies to work on military contracts — is canvassing firms to gauge the impact of the coronavirus pandemic on businesses.

The consortium known as SpEC is run by the U.S. Space Force’s Space and Missile Systems Center in Los Angeles. It has more than 350 member companies, many of them space startups and small businesses.

In an April 15 email the consortium asked members to identify those that have fewer than 50 employees.

Haptics researchers find that the biomechanics of the skin can perform useful tactile computations

As our body’s largest and most prominent organ, the skin also provides one of our most fundamental connections to the world around us. From the moment we’re born, it is intimately involved in every physical interaction we have.

Though scientists have studied the , or haptics, for more than a century, many aspects of how it works remain a mystery.

“The sense of is not fully understood, even though it is at the heart of our ability to interact with the world,” said UC Santa Barbara haptics researcher Yon Visell. “Anything we do with our hands—picking up a glass, signing our name or finding keys in our bag—none of that is possible without the sense of touch. Yet we don’t fully understand the nature of the sensations captured by the or how they are processed in order to enable perception and action.”

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