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🔗 Finance & Investment 🔗 Philosophy 🔗 Philosophy/Ethics

Usury () is the practice of making unethical or immoral monetary loans that unfairly enrich the lender. The term may be used in a moral sense—condemning taking advantage of others' misfortunes—or in a legal sense, where an interest rate is charged in excess of the maximum rate that is allowed by law. A loan may be considered usurious because of excessive or abusive interest rates or other factors defined by the laws of a state. Someone who practices usury can be called a usurer, but in modern colloquial English may be called a loan shark.

In many historical societies including ancient Christian, Jewish, and Islamic societies, usury meant the charging of interest of any kind, and was considered wrong, or was made illegal. During the Sutra period in India (7th to 2nd centuries BC) there were laws prohibiting the highest castes from practicing usury. Similar condemnations are found in religious texts from Buddhism, Judaism (ribbit in Hebrew), Christianity, and Islam (riba in Arabic). At times, many states from ancient Greece to ancient Rome have outlawed loans with any interest. Though the Roman Empire eventually allowed loans with carefully restricted interest rates, the Catholic Church in medieval Europe, as well as the Reformed Churches, regarded the charging of interest at any rate as sinful (as well as charging a fee for the use of money, such as at a bureau de change). Religious prohibitions on usury are predicated upon the belief that charging interest on a loan is a sin.

🔗 Trains 🔗 Trains/UK Railways 🔗 Trains/Locomotives

LNER Peppercorn Class A1 No. 60163 Tornado is a 4-6-2 steam locomotive completed in 2008 to an original design by Arthur Peppercorn. It is the first new build British mainline steam locomotive since 1960, and the only Peppercorn Class A1 in existence after the original batch were scrapped. In 2017, Tornado became the first steam locomotive to officially reach 100 mph (160 km/h) on British tracks in over 50 years.

After the project was founded by the A1 Steam Locomotive Trust in 1990, construction of Tornado began in 1994 and mostly took place at Darlington Works, with other components manufactured elsewhere. The project was financed through fundraising initiatives, public donations, sponsorship deals, and hiring out Tornado itself for special services. The locomotive was granted its mainline certificate in January 2009, having been designed in compliance with modern safety and certification standards. Tornado has worked on heritage and mainline trains across Britain since 2008. In 2022, it was withdrawn for overhaul.

🔗 Law

In legal parlance, a peppercorn is a metaphor for a very small cash payment or other nominal consideration, used to satisfy the requirements for the creation of a legal contract. It is featured in Chappell & Co Ltd v Nestle Co Ltd ([1960] AC 87), which stated that "a peppercorn does not cease to be good consideration if it is established that the promisee does not like pepper and will throw away the corn". However, the cited passage is mere dicta, and not the basis for the decision.

🔗 Computing 🔗 Computing/Software

Sixel, short for "six pixels", is a bitmap graphics format supported by terminals and printers from DEC. It consists of a pattern six pixels high and one wide, resulting in 64 possible patterns. Each possible pattern is assigned an ASCII character, making the sixels easy to transmit on 7-bit serial links.

Sixel was first introduced as a way of sending bitmap graphics to DEC dot matrix printers like the LA50. After being put into "sixel mode" the following data was interpreted to directly control six of the pins in the nine-pin print head. A string of sixel characters encodes a single 6-pixel high row of the image.

The system was later re-used as a way to send bitmap data to the VT200 series and VT320 terminals when defining custom character sets. A series of sixels are used to transfer the bitmap for each character. This feature is known as soft character sets or dynamically redefinable character sets (DRCS). With the VT240, VT241, VT330, and VT340, the terminals could decode a complete sixel image to the screen, like those previously sent to printers.

🔗 Technology 🔗 Computing 🔗 Electronics 🔗 Engineering

Electrochemical Random-Access Memory (ECRAM) is a type of non-volatile memory (NVM) with multiple levels per cell (MLC) designed for deep learning analog acceleration. An ECRAM cell is a three-terminal device composed of a conductive channel, an insulating electrolyte, an ionic reservoir, and metal contacts. The resistance of the channel is modulated by ionic exchange at the interface between the channel and the electrolyte upon application of an electric field. The charge-transfer process allows both for state retention in the absence of applied power, and for programming of multiple distinct levels, both differentiating ECRAM operation from that of a field-effect transistor (FET). The write operation is deterministic and can result in symmetrical potentiation and depression, making ECRAM arrays attractive for acting as artificial synaptic weights in physical implementations of artificial neural networks (ANN). The technological challenges include open circuit potential (OCP) and semiconductor foundry compatibility associated with energy materials. Universities, government laboratories, and corporate research teams have contributed to the development of ECRAM for analog computing. Notably, Sandia National Laboratories designed a lithium-based cell inspired by solid-state battery materials, Stanford University built an organic proton-based cell, and International Business Machines (IBM) demonstrated in-memory selector-free parallel programming for a logistic regression task in an array of metal-oxide ECRAM designed for insertion in the back end of line (BEOL). In 2022, researchers at Massachusetts Institute of Technology built an inorganic, CMOS-compatible protonic technology that achieved near-ideal modulation characteristics using nanosecond fast pulses

🔗 Finance & Investment 🔗 Economics 🔗 Business 🔗 Cooperatives

A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operatives).

Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016.

Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative to credit unions and were two and a half times more likely to fail during the crisis. American credit unions more than doubled lending to small businesses between 2008 and 2016, from $30 billion to $60 billion, while lending to small businesses overall during the same period declined by around $100 billion. In the US, public trust in credit unions stands at 60%, compared to 30% for big banks. Furthermore, small businesses are 80% less likely to be dissatisfied with a credit union than with a big bank.

"Natural-person credit unions" (also called "retail credit unions" or "consumer credit unions") serve individuals, as distinguished from "corporate credit unions", which serve other credit unions.

🔗 Computing 🔗 Michigan

The Michigan Terminal System (MTS) is one of the first time-sharing computer operating systems. Developed in 1967 at the University of Michigan for use on IBM S/360-67, S/370 and compatible mainframe computers, it was developed and used by a consortium of eight universities in the United States, Canada, and the United Kingdom over a period of 33 years (1967 to 1999).

🔗 Russia 🔗 Russia/technology and engineering in Russia 🔗 Russia/history of Russia 🔗 Gemology and Jewelry 🔗 Russia/visual arts in Russia 🔗 Gemology and Jewelry/Jewelry

A Fabergé egg (Russian: яйцо Фаберже́, romanized: yaytso Faberzhe) is a jewelled egg created by the jewellery firm House of Fabergé, in Saint Petersburg, Russia. As many as 69 were created, of which 57 survive today. Virtually all were manufactured under the supervision of Peter Carl Fabergé between 1885 and 1917. The most famous are his 52 "Imperial" eggs, 46 of which survive, made for the Russian Tsars Alexander III and Nicholas II as Easter gifts for their wives and mothers. Fabergé eggs are worth millions of dollars and have become symbols of opulence.

🔗 United States 🔗 Finance & Investment 🔗 Lists 🔗 Business

This is a list of the largest United States bank failures with respect to total assets under management at the time of the bank failure (banks with $1.0 billion or more in assets are listed here). Assets of the banks listed here are figures provided by the Federal Deposit Insurance Corporation.

🔗 Physics 🔗 Physics/relativity

In physics, there is a speculative hypothesis that, if there were a black hole with the same mass, charge and angular momentum as an electron, it would share other properties of the electron. Most notably, Brandon Carter showed in 1968 that the magnetic moment of such an object would match that of an electron. This is interesting because calculations ignoring special relativity and treating the electron as a small rotating sphere of charge give a magnetic moment roughly half the experimental value (see Gyromagnetic ratio).

However, Carter's calculations also show that a would-be black hole with these parameters would be "super-extremal". Thus, unlike a true black hole, this object would display a naked singularity, meaning a singularity in spacetime not hidden behind an event horizon. It would also give rise to closed timelike curves.

Standard quantum electrodynamics (QED), currently the most comprehensive theory of particles, treats the electron as a point particle. There is no evidence that the electron is a black hole (or naked singularity) or not. Furthermore, since the electron is quantum-mechanical in nature, any description purely in terms of general relativity is paradoxical until a better model based on understanding of quantum nature of blackholes and gravitational behaviour of quantum particles is developed by research. Hence, the idea of a black hole electron remains strictly hypothetical.