To stay up to date you can also follow on Mastodon.

🔗 United States 🔗 Finance & Investment

The term 3-6-3 Rule describes how the United States retail banking industry operated from the 1950s to the 1980s. The name 3-6-3 refers to the impression that bankers had a stable, comfortable existence by paying 3 percent interest on deposits, lending money out at 6 percent, and being able to "tee off at the golf course by 3 p.m."

The implication was that the banks were less competitive during that period than in subsequent years due to tight regulations that limited the formation and location of banks as well as restrictions on interest rates that could be charged or paid. As a result, bankers had "power and prestige ... while profits were steady and certain". These regulations were loosened in the 1980s.

Richmond Federal Reserve senior economist John R. Walter argues that, although there is evidence that restrictions on banks before the 1980s did limit the competitiveness of banking markets and thereby granted some banks monopoly power, "the regulatory restrictions probably had a limited effect on competition" during the time in question. Chicago Federal Reserve researchers Robert DeYoung and Tara Rice argue that, "Like most good jokes, the 3-6-3 rule mixes a grain of truth with a highly simplified view of reality."

The rule has been noted positively following the late-2000s financial crisis as a preferable way for banks to operate following the bailout of major banks.

Australia's banking system, which was deregulated in the 1990s in a manner similar to that in the U.S., also came to be characterized in the same way as did the United Kingdom's.

🔗 Oregon 🔗 Novels 🔗 Novels/19th century

The Begum's Fortune (French: Les Cinq cents millions de la Bégum, literally "the 500 millions of the begum"), also published as The Begum's Millions, is an 1879 novel by Jules Verne, with some utopian elements and other elements that seem clearly dystopian. It is noteworthy as the first published book in which Verne was cautionary, and somewhat pessimistic about the development of science and technology.

Long after The Begum's Fortune was published, it came out that its story is based on a manuscript by Paschal Grousset, a Corsican revolutionary who had participated in the Paris Commune and was at the time living in exile in the United States and London. It was bought by Pierre-Jules Hetzel, the publisher of most of Verne's books. The attribution of plot elements between Grousset's original text and Verne's work on it has not been completely defined. Later, Verne worked similarly on two more books by Grousset and published them under his name, before the revolutionary finally got a pardon and was able to return to France and resume publication in his own name.

The book first appeared in a hasty and poorly done English translation soon after its publication in French—one of the bad translations considered to have damaged Verne's reputation in the English-speaking world. W. H. G. Kingston was near death and deeply in debt at the time. His wife, Mrs. A. K. Kingston, who did the translation for him, was certainly otherwise preoccupied than with the accuracy of the text and may have had to rely on outside help. In 2005 a new translation from the French was made by Stanford Luce and published by Wesleyan University.

I. O. Evans, in his introduction to his "Fitzroy Edition" of The Begum's Fortune, suggested a connection between the creation of artificial satellites in this novel and the publication of The Brick Moon by Edward Everett Hale in 1869.

🔗 Chemistry 🔗 Plants

Lignum nephriticum (Latin for "kidney wood") is a traditional diuretic that was derived from the wood of two tree species, the narra (Pterocarpus indicus) and the Mexican kidneywood (Eysenhardtia polystachya). The wood is capable of turning the color of water it comes in contact with into beautiful opalescent hues that change depending on light and angle, the earliest known record of the phenomenon of fluorescence. Due to this strange property, it became well known in Europe from the 16th to the early 18th-century. Cups made from lignum nephriticum were given as gifts to royalty. Water drunk from such cups, as well as imported powders and extracts from lignum nephriticum, were thought to have great medicinal properties.

The lignum nephriticum derived from Mexican kidneywood was known as the coatli, coatl, or cuatl ("snake water") or tlapalezpatli ("blood-tincture medicine") in the Nahuatl language. It was traditionally used by the Aztec people as a diuretic prior to European contact. Similarly, the lignum nephriticum cups made from narra wood were part of the native industry of the Philippines before the arrival of the Spanish. The cups were manufactured in southern Luzon, particularly in the Naga region. The name of which was derived from the abundance of the narra trees, which was known as naga in the Bikol language (literally "serpent" or "dragon").

🔗 Religion 🔗 Central Asia 🔗 Archaeology 🔗 Visual arts 🔗 Buddhism 🔗 World Heritage Sites 🔗 Religion/Interfaith 🔗 Public Art 🔗 Afghanistan 🔗 Sculpture 🔗 Hazara

The Buddhas of Bamiyan were two 6th-century monumental statues of Vairocana Buddha and Gautama Buddha carved into the side of a cliff in the Bamyan valley of central Afghanistan, 130 kilometres (81 mi) northwest of Kabul at an elevation of 2,500 metres (8,200 ft). Carbon dating of the structural components of the Buddhas has determined that the smaller 38 m (125 ft) "Eastern Buddha" was built around 570 AD, and the larger 55 m (180 ft) "Western Buddha" was built around 618 AD.

The statues represented a later evolution of the classic blended style of Gandhara art. The statues consisted of the male Salsal ("light shines through the universe") and the (smaller) female Shamama ("Queen Mother"), as they were called by the locals. The main bodies were hewn directly from the sandstone cliffs, but details were modeled in mud mixed with straw, coated with stucco. This coating, practically all of which wore away long ago, was painted to enhance the expressions of the faces, hands, and folds of the robes; the larger one was painted carmine red and the smaller one was painted multiple colors. The lower parts of the statues' arms were constructed from the same mud-straw mix supported on wooden armatures. It is believed that the upper parts of their faces were made from great wooden masks or casts. The rows of holes that can be seen in photographs held wooden pegs that stabilized the outer stucco.

The Buddhas are surrounded by numerous caves and surfaces decorated with paintings. It is thought that the period of florescence was from the 6th to 8th century AD, until the onset of Islamic invasions. These works of art are considered as an artistic synthesis of Buddhist art and Gupta art from India, with influences from the Sasanian Empire and the Byzantine Empire, as well as the country of Tokharistan.

The statues were blown up and destroyed in March 2001 by the Taliban, on orders from leader Mullah Mohammed Omar, after the Taliban government declared that they were idols. International and local opinion strongly condemned the destruction of the Buddhas. Some Taliban sources credited Omar's decision to blow up the Buddha statues to the growing influence of Osama bin Laden.

🔗 Biography 🔗 Poetry 🔗 United Kingdom

The person from Porlock was an unwelcome visitor to Samuel Taylor Coleridge during his composition of the poem Kubla Khan in 1797. Coleridge claimed to have perceived the entire course of the poem in a dream (possibly an opium-induced haze), but was interrupted by this visitor from Porlock while in the process of writing it. Kubla Khan, only 54 lines long, was never completed. Thus "person from Porlock", "man from Porlock", or just "Porlock" are literary allusions to unwanted intruders who disrupt inspired creativity.

🔗 Economics 🔗 Politics 🔗 Futures studies 🔗 Civil Rights Movement

"The Triple Revolution" was an open memorandum sent to U.S. President Lyndon B. Johnson and other government figures on March 22, 1964. Drafted under the auspices of the Center for the Study of Democratic Institutions, it was signed by an array of noted social activists, professors, and technologists who identified themselves as the Ad Hoc Committee on the Triple Revolution. The chief initiator of the proposal was W. H. "Ping" Ferry, at that time a vice-president of CSDI, basing it in large part on the ideas of the futurist Robert Theobald.

🔗 Archaeology 🔗 Museums 🔗 Merseyside

The Williamson Tunnels are a series of extensive subterranean excavations, of unknown purpose, in the Edge Hill area of Liverpool, England. They are thought to have been created under the direction of tobacco merchant, landowner and philanthropist Joseph Williamson between 1810 and 1840. Although popularly described as "tunnels", the majority comprise brick or stone vaulting over excavations in the underlying sandstone. The purpose of the works remains unclear and remains a subject of heavy speculation; suggestions include commercial quarrying, a philanthropic desire to provide employment, and Williamson's own eccentric interests.

After being gradually infilled with rubble and spoil during the late 19th and early 20th centuries, they remained largely inaccessible until archaeological investigations were carried out in 1995. Since then volunteers have rediscovered and excavated an extensive network of tunnels, chambers and voids across several sites, with sections open to the public. Guided tours are available at the Williamson Tunnels Heritage Centre and the Friends Of Williamson's Tunnels, and excavation continues as volunteers continue to uncover new sections.

Fart lighting also known as pyroflatulence, or flatus ignition is the practice of igniting the gases produced by flatulence. The resulting flame is often of a blue hue hence the act being known colloquially as a "blue angel", "blue dart" or in Australia, a "blue flame". The fact that flatus is flammable and the actual combustion of it through this practice gives rise to much humorous derivation. Other colors of flame such as orange and yellow are possible depending on the mixture of gases formed in the colon.

In 1999 author Jim Dawson observed that fart lighting has been a novelty practice primarily among young men or college students for decades but is discouraged for its potential for causing harm. Such experiments typically occur on camping trips and in same-sex group residences, such as tree-houses, dormitories, or fraternity houses. With the advent of video sharing features online, hundreds of self-produced videos, both documentary as well as spoof, have been posted to sites such as YouTube. The people appearing in the videos are predominantly young teen males. In his book The Curse of the Self: Self-Awareness, Egotism, and the Quality of Human Life author Mark Richard Leary explains how a great deal of unhappiness is due to people's inability to exert control over their thoughts and behavior and that "stupid stunts", including lighting flatulence, were a way to make an impression and be included in group bonding or hazing.

Although there is little scientific discourse on the combustive properties of flatus, there are many anecdotal accounts of flatus ignition and the activity has increasingly found its way into popular culture with references in comic routines, movies, and television; including cartoons. In Electric Don Quixote: The Definitive Story of Frank Zappa author Neil Slaven quotes Frank Zappa for calling fart lighting "The manly art of fart-burning", and another book quotes the musician Kenny Williams for saying that it demonstrates "compression, ignition, combustion and exhaust."

There have been documented cases of flatulence during surgery being inadvertently ignited causing patient injury and the risk of death.

🔗 India 🔗 Organizations 🔗 India/Uttar Pradesh

The Uttar Pradesh Association of Dead People (Hindi: उत्तर प्रदेश मृतक संघ, Uttar Pradesh Mritak Sangh) is an Indian pressure group based in Azamgarh, Uttar Pradesh that seeks to reclaim the legal rights of those falsely listed by the Uttar Pradesh State government as being dead.

In the overcrowded regions of Uttar Pradesh, many have resorted to bribing officials to have the owner of a plot of land declared deceased and the title transferred to their ownership. The process to undo this is long, arduous, as well as often inefficient and corrupt. The Association seeks to reverse the declarations, call attention to the problem and prevent others from being exploited in similar fashion.

The founder and president is Lal Bihari, who was "dead" from 1976 to 1994 and used the word Mritak (Hindi: मृतक, transl. Dead) in his name during the period.

After being inspired by the story of Bihari, Indian film director Satish Kaushik made a movie Kaagaz, starring Pankaj Tripathi, based on his life. It was released on ZEE5 on 7 January 2021.

🔗 Bridges and Tunnels 🔗 Civil engineering

Hobby tunneling (or tunnelling) is tunnel construction as a diversion. Usually, hobby tunnelers dig their tunnels by hand, using little equipment, and some can spend years or even decades to achieve any degree of completion. In some cases tunnels have been dug secretly, and only discovered by chance.