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🔗 Companies 🔗 Finance & Investment 🔗 Switzerland

Credit Suisse Group AG is a global investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global "bulge bracket" banks providing services in investment banking, private banking, asset management, and shared services. It is known for strict bank–client confidentiality and banking secrecy. The Financial Stability Board considers it to be a global systemically important bank. Credit Suisse is also a primary dealer and Forex counterparty of the Federal Reserve in the United States.

Credit Suisse was founded in 1856 to fund the development of Switzerland's rail system. It issued loans that helped create Switzerland's electrical grid and the European rail system. In the 1900s, it began shifting to retail banking in response to the elevation of the middle class and competition from fellow Swiss banks UBS and Julius Bär. Credit Suisse partnered with First Boston in 1978 before buying a controlling share of the bank in 1988. From 1990 to 2000, the company purchased institutions such as Winterthur Group, Swiss Volksbank, Swiss American Securities Inc. (SASI), and Bank Leu. The biggest institutional shareholders of Credit Suisse include the Saudi National Bank (9.88%), the Qatar Investment Authority and BlackRock (about 5% each), Dodge & Cox, Norges Bank and the Saudi Olayan Group.

The company was one of the least affected banks during the global financial crisis, but afterwards began shrinking its investment business, executing layoffs and cutting costs. The bank was at the center of multiple international investigations for tax avoidance which culminated in a guilty plea and the forfeiture of US$2.6 billion in fines from 2008 to 2012. In 2021, Credit Suisse had assets under management (AuM) of over CHF 1.6 trillion.

UBS announced its intent to acquire Credit Suisse for $2 billion on March 19, 2023.

🔗 Economics

In economics, the Baumol effect, also known as Baumol's cost disease, is the rise of wages in jobs that have experienced little or no increase in labor productivity, in response to rising salaries in other jobs that have experienced higher productivity growth. The phenomenon was described by William J. Baumol and William G. Bowen in the 1960s and is an example of cross elasticity of demand.

The rise of wages in jobs without productivity gains derives from the requirement to compete for workers with jobs that have experienced productivity gains and so can naturally pay higher salaries, just as classical economics predicts. For instance, if the retail sector pays its managers low wages, they may decide to quit and get jobs in the automobile sector, where wages are higher because of higher labor productivity. Thus, retail managers' salaries increase not due to labor productivity increases in the retail sector, but due to productivity and corresponding wage increases in other industries.

🔗 Books 🔗 Writing systems

An abecedarium (also known as an abecedary or ABCs or simply an ABC) is an inscription consisting of the letters of an alphabet, almost always listed in order. Typically, abecedaria (or abecedaries) are practice exercises.

🔗 Crime 🔗 Law 🔗 England 🔗 Middle Ages 🔗 Middle Ages/History 🔗 Law Enforcement 🔗 Sociology 🔗 University of Oxford 🔗 British crime

The St Scholastica Day riot took place in Oxford, England, on 10 February 1355, Saint Scholastica's Day. The disturbance began when two students from the University of Oxford complained about the quality of wine served to them in the Swindlestock Tavern, which stood on Carfax, in the centre of the town. The students quarrelled with the taverner; the argument quickly escalated to blows. The inn's customers joined in on both sides, and the resulting melee turned into a riot. The violence started by the bar brawl continued over three days, with armed gangs coming in from the countryside to assist the townspeople. University halls and students' accommodation were raided and the inhabitants murdered; there were some reports of clerics being scalped. Around 30 townsfolk were killed, as were up to 63 members of the university.

Violent disagreements between townspeople and students had arisen several times previously, and 12 of the 29 coroners' courts held in Oxford between 1297 and 1322 concerned murders by students. The University of Cambridge was established in 1209 by scholars who left Oxford following the lynching of two students by the town's citizens.

King Edward III sent judges to the town with commissions of oyer and terminer to determine what had gone on and to advise what steps should be taken. He came down on the side of the university authorities, who were given additional powers and responsibilities to the disadvantage of the town's authorities. The town was fined 500 marks and its mayor and bailiffs were sent to the Marshalsea prison in London. John Gynwell, the Bishop of Lincoln, imposed an interdict on the town for one year, which banned all religious practices, including services (except on key feast days), burials and marriages; only baptisms of young children were allowed.

An annual penance was imposed on the town: each year, on St Scholastica's Day, the mayor, bailiffs and sixty townspeople were to attend a Mass at the University Church of St Mary the Virgin for those killed; the town was also made to pay the university a fine of one penny for each scholar killed. The practice was dropped in 1825; in 1955—the 600th anniversary of the riots—in an act of conciliation the mayor was given an honorary degree and the vice-chancellor was made an honorary freeman of the city.

🔗 Computing 🔗 Computing/Computer science

The Zero one infinity (ZOI) rule is a rule of thumb in software design proposed by early computing pioneer Willem van der Poel. It argues that arbitrary limits on the number of instances of a particular type of data or structure should not be allowed. Instead, an entity should either be forbidden entirely, only one should be allowed, or any number of them should be allowed. Although various factors outside that particular software could limit this number in practice, it should not be the software itself that puts a hard limit on the number of instances of the entity.

Examples of this rule may be found in the structure of many file systems' directories (also known as folders):

• 0 – The topmost directory has zero parent directories; that is, there is no directory that contains the topmost directory.
• 1 – Each subdirectory has exactly one parent directory (not including shortcuts to the directory's location; while such files may have similar icons to the icons of the destination directories, they are not directories at all).
• Infinity – Each directory, whether the topmost directory or any of its subdirectories, according to the file system's rules, may contain any number of files or subdirectories. Practical limits to this number are caused by other factors, such as space available on storage media and how well the computer's operating system is maintained.

In real-world software design, violations of this rule of thumb are common. For example, the FAT16 file system imposes a limit of 65,536 files to a directory.

🔗 Economics 🔗 Education 🔗 Game theory 🔗 Games

A simulation game is "a game that contains a mixture of skill, chance, and strategy to simulate an aspect of reality, such as a stock exchange". Similarly, Finnish author Virpi Ruohomäki states that "a simulation game combines the features of a game (competition, cooperation, rules, participants, roles) with those of a simulation (incorporation of critical features of reality). A game is a simulation game if its rules refer to an empirical model of reality". A properly built simulation game used to teach or learn economics would closely follow the assumptions and rules of the theoretical models within this discipline.

🔗 Internet 🔗 Internet culture 🔗 Skepticism 🔗 Alternative Views

The dead Internet theory is a theory that asserts that the Internet now consists almost entirely of bot activity and automatically generated content, marginalizing human activity. The date given for this "death" is generally around 2016 or 2017.

In 2012, YouTube removed billions of video views from major record labels, such as Sony and Universal, as a result of discovering that they had used fraudulent services to artificially increase the views of their content. The removal of the inflated views aimed to restore credibility to the platform and improve the accuracy of view counts. The move by YouTube also signaled a change in the way the platform would tackle fake views and bot traffic.

🔗 Novels 🔗 Novels/Science fiction 🔗 Science Fiction 🔗 Solar System/Mars 🔗 Solar System

The Mars trilogy is a series of science fiction novels by Kim Stanley Robinson that chronicles the settlement and terraforming of the planet Mars through the personal and detailed viewpoints of a wide variety of characters spanning almost two centuries. Ultimately more utopian than dystopian, the story focuses on egalitarian, sociological, and scientific advances made on Mars, while Earth suffers from overpopulation and ecological disaster.

The three novels are Red Mars (1992), Green Mars (1993), and Blue Mars (1996). The Martians (1999) is a collection of short stories set in the same fictional universe. Red Mars won the BSFA Award in 1992 and Nebula Award for Best Novel in 1993. Green Mars won the Hugo Award for Best Novel and Locus Award for Best Science Fiction Novel in 1994. Blue Mars also won the Hugo and Locus Awards in 1997.

Icehenge (1984), Robinson's first novel about Mars, is not set in this universe but deals with similar themes and plot elements. The trilogy shares some similarities with Robinson's more recent novel 2312 (2012); for instance, the terraforming of Mars and the extreme longevity of the characters in both novels.

🔗 Novels 🔗 Novels/Science fiction 🔗 Science Fiction

Dune: The Butlerian Jihad is a 2002 science fiction novel by Brian Herbert and Kevin J. Anderson, set in the fictional Dune universe created by Frank Herbert. It is the first book in the Legends of Dune prequel trilogy, which takes place over 10,000 years before the events of Frank Herbert's celebrated 1965 novel Dune. The series chronicles the fictional Butlerian Jihad, a crusade by the last free humans in the universe against the thinking machines, a violent and dominating force led by the sentient computer Omnius.

Dune: The Butlerian Jihad rose to #7 on The New York Times Best Seller list in its second week of publication.

🔗 Military history 🔗 Classical Greece and Rome 🔗 Military history/Roman and Byzantine military history 🔗 Military history/Classical warfare 🔗 Eastern Europe 🔗 Albania 🔗 Illyria

The Bellum Batonianum (Latin for 'War of the Batos') was a military conflict fought in the Roman province of Illyricum in the 1st century AD, in which an alliance of native peoples of the two regions of Illyricum, Dalmatia and Pannonia, revolted against the Romans. The rebellion began among native peoples who had been recruited as auxiliary troops for the Roman army. They were led by Bato the Daesitiate, a chieftain of the Daesitiatae in the central part of present-day Bosnia and Herzegovina, and were later joined by the Breuci, a tribe in Pannonia led by Bato the Breucian. Many other tribes in Illyria also joined the revolt.

The Romans referred to the conflict as Bellum Batonianum ("Batonian War") after these two leaders with the same name; Velleius Paterculus called it the Pannonian and Dalmatian War because it involved both regions of Illyricum, and in English it has also been called the Great Illyrian Revolt, Pannonian–Dalmatian uprising, and Bato uprising.

The four-year war lasted from AD 6 to AD 9 and witnessed a large deployment of Roman forces in the province, with whole armies operating across the western Balkans and fighting on more than one front. In AD 8, the Breuci of the Sava valley surrendered, but it took a winter blockade and another season of fighting before the surrender in Dalmatia in AD 9. The Roman historian Suetonius described the uprising as the most difficult conflict faced by Rome since the Punic Wars two centuries earlier.