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š Oil futures drunk-trading incident
The oil futures drunk-trading incident was an incident in which Stephen Perkins, an employee of London-based PVM Oil Futures, traded 7Ā million barrels (1.1Ā million cubic metres) of oil, worth approximately US$520 million (Ā£340 million) in a two-and-half-hour period in the early morning of 30 June 2009 while drunk. These unauthorised trades caused the price of Brent Crude oil to rise by over $1.50 a barrel (equivalent to $1.79 in 2019) within a short period of time, a trend generally associated with major geopolitical events, before dropping rapidly. As a result of the trading, PVM Oil Futures suffered losses of almost $10 million and Perkins was dismissed, later being banned from trading by the Financial Services Authority (FSA).
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- "Oil futures drunk-trading incident" | 2020-04-22 | 120 Upvotes 50 Comments
š Agbogbloshie, the world's largest e-waste dump
Agbogbloshie is a nickname of a commercial district on the Korle Lagoon of the Odaw River, near the center of Accra, Ghana's capital city. Near the slum called "Old Fadama", the Agbogbloshie site became known as a destination for externally generated automobile and electronic scrap collected from mostly the western world. It was alleged to be at the center of a legal and illegal exportation network for the environmental dumping of electronic waste (e-waste) from industrialized nations. The Basel Action Network, a small NGO based in Seattle, has referred to Agbogbloshie as a "digital dumping ground", where they allege millions of tons of e-waste are processed each year.
However, repeated international studies have failed to confirm the allegations, which have been labelled an "e-waste hoax" by international reuse advocate WR3A. The most exhaustive study of the trade in used electronics in Nigeria, funded by UNEP and Basel Convention, revealed that from 540 000 tonnes of informally processed waste electronics, 52% of the material was recovered.
According to statistics from the World Bank, in large cities like Accra and Lagos the majority of households have owned televisions and computers for decades. The UN Report "Where are WEEE in Africa" (2012) disclosed that the majority of used electronics found in African dumps had not in fact been recently imported as scrap, but originated from these African cities. Agbogbloshie is situated on the banks of the Korle Lagoon, northwest of Accra's Central Business District. Roughly 40,000 Ghanaians inhabit the area, most of whom are migrants from rural areas. Due to its harsh living conditions and rampant crime, the area is nicknamed "Sodom and Gomorrah".
The Basel Convention prevents the transfrontier shipment of hazardous waste from developed to less developed countries. However, the Convention specifically allows export for reuse and repair under Annex Ix, B1110. While numerous international press reports have made reference to allegations that the majority of exports to Ghana are dumped, research by the US International Trade Commission found little evidence of unprocessed e-waste being shipped to Africa from the United States, a finding corroborated by the United Nations Environment Programme, MIT, Memorial University, Arizona State University, and other research. In 2013, the original source of the allegation blaming foreign dumping for the material found in Agbogbloshie recanted, or rather stated it had never made the claim that 80% of US e-waste is exported.
Whether domestically generated by residents of Ghana or imported, concern remains over methods of waste processing - especially burning - which emit toxic chemicals into the air, land and water. Exposure is especially hazardous to children, as these toxins are known to inhibit the development of the reproductive system, the nervous system, and especially the brain. Concerns about human health and the environment of Agbogbloshie continue to be raised as the area remains heavily polluted. In the 2000s, the Ghanaian government, with new funding and loans, implemented the Korle Lagoon Ecological Restoration Project (KLERP), an environmental remediation and restoration project that will address the pollution problem by dredging the lagoon and Odaw canal to improve drainage and flooding into the ocean.
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- "Agbogbloshie, the world's largest e-waste dump" | 2015-03-03 | 107 Upvotes 51 Comments
š System D
System D is a manner of responding to challenges that requires one to have the ability to think quickly, to adapt, and to improvise when getting a job done. The term gained wider popularity in the United States after appearing in the 2006 publication of Anthony Bourdain's The Nasty Bits. Bourdain references finding the term in Nicolas Freeling's memoir, The Kitchen, about Freeling's years as a Grand Hotel cook in France.
The term derives from the French term "Système D". The letter D refers to any one of the French nouns "débrouille", débrouillardise or démerde (French slang). The verbs se débrouiller and se démerder mean to make do, to manage, especially in an adverse situation. Basically, it refers to one's ability and need to be resourceful.
In Down and Out in Paris and London, George Orwell described the term "dƩbrouillard" as something the lowest-level kitchen workers, the plongeurs, wanted to be called, as people who would get the job done, no matter what.
In recent literature on the informal economy, System D is the growing share of the world's economy which makes up the underground economy, which as of 2011 has a projected GDP of $10 trillion. The informal economy is usually considered as one part of a dual economy. The concept of dual economy is where the economy is divided into two parts - the formal and the informal. The formal economy refers to all economic activities that operate within the official legal framework and are regulated by the government. In common parlance, it is understood as enterprises and citizens who pay taxes on all generated incomes. The reason, Neuwirth refers to this kind of an economy as a DIY economy or system D is because of the self reliance of the members within this sector. Due to lack of documentation, such as citizenship proof, tax id number, identity or address proof, people working in this sector are usually left with no way to seek support from their governments. This means that they are unable to access formal institutions which require documentation, and forces them to be self-reliant.
This is not to be confused with Autarky or Self Reliant Economies. Economists define self-sufficiency or self-reliance as the state of not requiring any aid, support, interaction or trade with the outside world. It is generally believed that a fully self-dependent economy or autarky is not possible in today's world.
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- "System D" | 2023-04-22 | 177 Upvotes 97 Comments
- "System D" | 2017-09-22 | 11 Upvotes 1 Comments
š Could folks please help me get DigitalOcean onto wikipedia? (deleted thrice)
Deletion review (DRV) is a forum designed primarily to appeal disputed speedy deletions and disputed decisions made as a result of deletion discussions; this includes appeals to delete pages kept after a prior discussion.
If you are considering a request for a deletion review, please read the "Purpose" section below to make sure that is what you wish to do. Then, follow the instructions below.
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- "Could folks please help me get DigitalOcean onto wikipedia? (deleted thrice)" | 2014-04-18 | 38 Upvotes 41 Comments
š Product Red
Product Red, stylized as (PRODUCT)RED or (PRODUCT)RED, is a licensed brand by the company Red, stylized as (RED), that seeks to engage the private sector in raising awareness and funds to help eliminate HIV/AIDS in eight African countries, namely Eswatini (formerly Swaziland), Ghana, Kenya, Lesotho, Rwanda, South Africa, Tanzania, and Zambia. It is licensed to partner companies including Apple Inc., Nike, American Express (UK), The Coca-Cola Company, Starbucks, Converse, Electronic Arts, Primark, Head, Buckaroo, Penguin Classics (UK & International), Gap, Armani, FIAT, Hallmark (US), SAP, Beats Electronics, and Supercell. The concept was founded in 2006 by U2 frontman and activist Bono, together with Bobby Shriver of the One Campaign and DATA. The Global Fund to Fight AIDS, Tuberculosis and Malaria is the recipient of Product Red's money.
As part of a new business model, each partner company creates a product with the Product Red logo. In return for the opportunity to increase revenue through the Product Red license, up to 50% of profits gained by each partner is donated to the Global Fund. As Product Red is owned by Red, a portion of the contributions received from the partner brands is assigned as profit. Such an amalgamation of humanitarian aid and for-profit businesses is one example of "ethical consumerism".
In 2012, One Campaign acquired Red as a division of One. Both organizations were co-founded by Bono and Shriver.
Since 2020, Product Red has been used in the global fund to combat the COVID-19 pandemic.
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- "Product Red" | 2022-12-01 | 38 Upvotes 49 Comments
š Decision fatigue
In decision making and psychology, decision fatigue refers to the deteriorating quality of decisions made by an individual after a long session of decision making. It is now understood as one of the causes of irrational trade-offs in decision making. Decision fatigue may also lead to consumers making poor choices with their purchases.
There is a paradox in that "people who lack choices seem to want them and often will fight for them", yet at the same time, "people find that making many choices can be [psychologically] aversive."
For example, major politicians and businessmen such as former United States President Barack Obama, Steve Jobs, and Mark Zuckerberg have been known to reduce their everyday clothing down to one or two outfits in order to limit the number of decisions they make in a day.
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- "Decision fatigue" | 2020-03-04 | 184 Upvotes 82 Comments
š The ADE 651 is a fake bomb detector, sold for up to US$60k each
The ADE 651 is a fake bomb detector produced by the British company Advanced Tactical Security & Communications Ltd (ATSC). Its manufacturer claimed it could detect bombs, guns, ammunition, and more from kilometers away. However, it was a scam, and the device was little more than a dowsing rod. The device was sold for up to US$60,000 each, despite costing almost nothing to produce. It was widely used in the Middle East, and may have led to numerous deadly bombings in Iraq due to its inability to detect explosives. Its inventor, James McCormick, was sentenced to 10 years in prison in 2013 for fraud.
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- "The ADE 651 is a fake bomb detector, sold for up to US$60k each" | 2021-09-08 | 127 Upvotes 85 Comments
š BhÅ«ribhirbhÄribhirbhÄ«rÄbhÅ«bhÄrairabhirebhire
The Shishupala Vadha (Sanskrit: ą¤¶ą¤æą¤¶ą„ą¤Ŗą¤¾ą¤²ą¤µą¤§, IAST: ÅiÅupÄla-vadha, lit. "the slaying of Shishupala") is a work of classical Sanskrit poetry (kÄvya) composed by MÄgha in the 7th or 8th century. It is an epic poem in 20 sargas (cantos) of about 1800 highly ornate stanzas, and is considered one of the six Sanskrit mahakavyas, or "great epics". It is also known as the MÄgha-kÄvya after its author. Like other kavyas, it is admired more for its exquisite descriptions and lyrical quality than for any dramatic development of plot. Its 19th canto is noted for verbal gymnastics and wordplay; see the section on linguistic ingenuity below.
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- "BhÅ«ribhirbhÄribhirbhÄ«rÄbhÅ«bhÄrairabhirebhire" | 2020-05-17 | 210 Upvotes 77 Comments
š Gallery of animations that explain math ideas
Below is a mostly comprehensive gallery of all images ā illustrations, diagrams and animations ā that I have created for Wikipedia over the years, some of which have been selected as featured pictures, or even picture of the day. As you'll probably notice, they're mostly related to physics and mathematics, which are my main areas of interest.
If you have any comments, requests, suggestions or corrections, feel free to drop me a message on my talk page. But please, before making a suggestion, first take a look and see what sort of stuff I can do. Due to time, knowledge and complexity constraints, I cannot guarantee I'll be able to make a good illustration of any topic.
You can also follow me on tumblr for WIPs, current and failed projects and other creations.
If you appreciate my work, consider making a donation.
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- "Gallery of animations that explain math ideas" | 2015-01-04 | 79 Upvotes 1 Comments