
They will also increasingly give rise to oligarchs. No, unregulated markets are not geared to equilibrium. Over several business cycles, they become controlled by those corporate powers that outperform others. Side effects include the neglect of public goods, the deepening of social disparities and the worsening of ecological problems. For reasons like this, gross domestic product (GDP), which simply counts a country’s annual monetary transactions, does not reveal a good picture of its standard of life. Distribution matters too. However, even high health expenditure as such does not indicate effective social protection. Many people may not have access to medical care. If it is very expensive, but inefficient, moreover, its costs boost GDP, even though patients would be better off if they received better care or needed less of it thanks to healthier lifestyles. In a similar way, environmental harm far too often adds to GDP. That happens when money is spent to repair – or at least alleviate – damages. This is why the UN Development Programme launched the Human Development Index (HDI) in 1990. It takes account of GDP, but is also based on indicators for health and education (life expectancy and literacy rates, for example). The idea was to shift attention from income data to public goods. The HDI is useful, but it has not become the commonly used indicator of economic success. In recent years, moreover, the debate on using more valid yardsticks than growth has waned again. At the time of the collapse of the investment bank Lehman Brothers in 2008, economists were discussing this matter. In the following financial crisis, the momentum was lost. Unfortunately, even the debate on environmental sustainability is becoming increasingly insane. Proponents of artificial intelligence (AI) are now arguing that the climate challenge is so complex that it will require the smartest possible solution, which, in their eyes, only AI programmes will deliver. As these programmes devour huge quantities of energy, Silicon Valley Titans now want to build new nuclear power plants. No, they do not have viable proposals for keeping radioactive waste safe for many centuries. The oligarchs are getting several things wrong. First of all, the legitimacy of policy-making does not depend on how smart a policy is, but whether it finds acceptance. That becomes more likely when it results from good-faith deliberation involving all relevant partners, because that kind of solution is plausible to many different interest groups and thus likely to serve the common interest. Moreover, we know perfectly well what we must do to get a grip on the global environmental crisis. We must muster the political will to stop. The oligopolists are not principally interested in climate change of course. What they really want is to entrench their power with new high-tech business models they control. Plutocrats believe they always know best and are thus entitled to impose their superior will on everyone. In doubt, they will not consult anyone representing other interest groups. They will rely on the AI programmes they have created. There is a growing pattern of plutocrats demanding a smaller state in spite of depending on government contracts, subsidies and bailouts themselves. We now live in the era of hubristic capitalism. Hubris is an ancient Greek concept that can be summed up as “pride that blinds”. Some of capitalism’s most important players today are so full of themselves and so obsessed with their investment ideas that they do not care about where humankind is heading. The focus on financial transactions instead of real-world results serves their interests. The plain truth is that we are witnessing the worst market failure in history: our species is destroying the planet we depend on. - Development And Cooperation
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Nagpur: With the counting for the assembly election to take place on Saturday, the administration has made all the necessary arrangements. According to the district administration, around 2,124 officials will be involved in the counting process, apart from the security personnel who will be deployed at counting centres for security purposes. Speaking to TOI, Collector Vipin Itankar said that the EVMs will be taken out of the strong room under three-layered security at 8am. "All the necessary arrangements have been made, and the entire counting process will be webcast. The counting centres are adjacent to strong rooms, so the EVMs will be shifted under tight security. No one, except counting officials and political agents, will be allowed in the area," said Itankar. He also stated that counting will begin with postal ballots. "The counting will be done in rounds, and we are hoping to complete the first round by 8.30am or 8.45am. We hope to complete the counting process by 4pm, but some areas might take longer," said Itankar. Nagpur district has 12 assembly seats with 217 candidates in the fray. According to officials, the Nagpur Central seat will have the most rounds at 30, followed by Saoner, Nagpur South-West, Nagpur East, and Kamptee, which will see 27 rounds each. The Katol assembly constituency, at 17, will have the least number of counting rounds. The district administration has also deployed the necessary manpower at these counting centres. The counting centre of Nagpur West will have the highest number of administrative officials — 280, followed by Umred and Nagpur South-West seats, which will have 250 officials each. The Saoner constituency counting centre will have the least number of officials — 94. The administration has also arranged 294 tables on which the counting will be done for all the 12 assembly constituencies in the district. After the counting concludes, the winning candidates will have to visit their respective counting centres to collect their winning certificates. After the completion of the counting process, all the used EVMs from all the 12 counting centres will be shifted to Kalamna, where they will be kept in strong rooms for 45 days. If no election petition is filed during this period, all the EVMs will be shifted to Hingna. The administration and the traffic department have also made ample parking arrangements at all the counting centres. Returning officers of all the constituencies will keep a close eye on the process while collector Itankar will monitor all the 12 counting centres. Meanwhile, on the eve of result day, politicians and party workers had placed bulk orders for sweets, anticipating victories.
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Dartmouth sorority, two members of fraternity face charges after student who attended party drowned HANOVER, N.H. (AP) — A sorority at Dartmouth College and two members of a fraternity faces charges related to the death of a student who drowned after attending an off-campus party. The Hanover, New Hampshire police department, where Dartmouth is located, said Friday that Alpha Phi was charged with one count of facilitating an underage alcohol house. Two members of the Beta Alpha Omega face a charge of providing alcohol to a person under 21. Won Jang, 20, of Middletown, Delaware, had attended an off-campus party in July hosted by Alpha Phi sorority. Police said the alcohol was provided by Beta Alpha Omega. Tens of thousands of Spaniards protest housing crunch and high rents in Barcelona BARCELONA, Spain (AP) — Tens of thousands of Spaniards are marching in downtown Barcelona to protest the skyrocketing cost of renting an apartment in the popular tourist destination. Protesters cut off traffic on main avenues in the city center, holding up homemade signs in Spanish reading “Fewer apartments for investing and more homes for living." The lack of affordable housing has become one of the leading concerns for the southern European Union country, mirroring the housing crunch across many parts of the world, including the United States. The average rent for Spain has doubled in the last decade. In cities like Barcelona, rental prices have also been driven up by short-term renters including tourists. Jason Kelce's wife announces she is pregnant with the couple's fourth child Former Philadelphia Eagles center Jason Kelce's wife is announcing she's pregnant with the couple's fourth child. Kylie Kelce posted a photo on Instagram on Friday of the couple's three young daughters reacting to the news. The oldest daughter, Wyatt, appears to be cupping her head in shock. The middle daughter, Ellioette, is smiling. The youngest, Bennett, is in tears. A caption attached to the photo reads: “I feel like we captured a very accurate representation of how each of the girls feel about getting another sister. At least Ellie, mom and dad are on the same page!” Israeli-Moldovan rabbi living in UAE is missing. Israeli officials fear he may have been kidnapped DUBAI, United Arab Emirates (AP) — An Israeli-Moldovan rabbi living in the United Arab Emirates has gone missing, with Israeli authorities raising the suspicion he may have been kidnapped as tensions remain high with Iran. The Israeli prime minister’s office said that Zvi Kogan has been missing since noon Thursday. It said that against the backdrop of information that this was a terrorist incident, an extensive investigation has been opened in the country. Emirati officials did not immediately respond to a request for comment Saturday. State-run media in the UAE, an autocratic federation of seven sheikhdoms on the Arabian Peninsula and home to Abu Dhabi and Dubai, did not immediately report the incident. Alyssa Nakken, first full-time female coach in MLB history, leaving Giants to join Guardians CLEVELAND (AP) — Alyssa Nakken, the first woman to coach in an MLB game, is leaving the San Francisco Giants to join the Cleveland Guardians. Nakken made history in 2022 when she took over as first-base coach following an ejection. A former college softball star at Sacramento State, Nakken joined the Giants in 2014 and was promoted to a spot on manager Gabe Kapler’s staff in 2020, becoming the majors’ first full-time female coach. Nakken has been hired as an assistant director within player development for the Guardians, who won the AL Central last season under first-year manager Stephen Vogt. Nakken, 34, will work with former Giants coaches Craig Albernaz and Kai Correa. Officer kills pet dog mistaken for a coyote in Massachusetts town. The owner says it was unnecessary An animal control officer shot and killed a pet dog in a Massachusetts town after mistaking it for a coyote in an incident local police are describing as a sad mix-up. Police in Northbridge, Massachusetts, say the shooting happened on Tuesday after police received a call of a report of a coyote in a residential backyard. Police say the animal control officer went into the woods to look for the coyote and found what they thought was the animal in a threatening position and shot it. The incident happened as communities around Massachusetts and the country have dealt with an uptick in interactions between coyotes and people. Kendrick Lamar surprises with new album 'GNX' LOS ANGELES (AP) — Kendrick Lamar gave music listeners an early holiday present with a new album. The Grammy winner released his sixth studio album “GNX” on Friday. The 12-track project is the rapper’s first release since 2022’s “Mr. Morale & The Big Steppers.” Lamar’s new album comes just months after his rap battle with Drake. The rap megastar will headline February's Apple Music Super Bowl Halftime Show in New Orleans. The 37-year-old has experienced massive success since his debut album “good kid, m.A.A.d city” in 2012. Since then, he’s accumulated 17 Grammy wins and became the first non-classical, non-jazz musician to win a Pulitzer Prize. NBA memo to players urges increased vigilance regarding home security following break-ins MIAMI (AP) — The NBA is urging its players to take additional precautions to secure their homes following reports of recent high-profile burglaries of dwellings owned by Milwaukee Bucks forward Bobby Portis and Kansas City Chiefs teammates Patrick Mahomes and Travis Kelce. In a memo sent to team officials, a copy of which was obtained by The Associated Press, the NBA revealed that the FBI has connected some burglaries to “transnational South American Theft Groups” that are “reportedly well-organized, sophisticated rings that incorporate advanced techniques and technologies, including pre-surveillance, drones, and signal jamming devices.” Ancient meets modern as a new subway in Greece showcases archaeological treasures THESSALONIKI, Greece (AP) — Thessaloniki, Greece’s second-largest city, is opening a new subway system, blending ancient archaeological treasures with modern transit technology like driverless trains and platform screen doors. The project, which began in 2003, uncovered over 300,000 artifacts, including a Roman-era thoroughfare and Byzantine relics, many of which are now displayed in its 13 stations. Despite delays caused by preserving these findings, the inaugural line has been completed, with a second line set to open next year. Conor McGregor must pay $250K to woman who says he raped her, civil jury rules LONDON (AP) — A civil jury in Ireland has awarded more than $250,000 to a woman who says she was raped by mixed martial arts fighter Conor McGregor in a Dublin hotel penthouse after a night of heavy partying. The jury on Friday awarded Nikita Hand in her lawsuit that claimed McGregor “brutally raped and battered” her in 2018. The lawsuit says the assault left her heavily bruised and suffering from post-traumatic stress disorder. McGregor testified that he never forced her to do anything and that Hand fabricated her allegations after the two had consensual sex. McGregor says he will appeal the verdict.Politics News Today Live Updates on December 30, 2024: Mamata Banerjee to visit Sandeshkhali for first time since sexual harassment row: What's expected to happen?Pittsburgh Steelers quarterback Justin Fields served as the guest picker for ESPN’s College Gameday at the Ohio State-Indiana clash. This is a game with plenty of College Football Playoff implications. Fields predicted that the Buckeyes would win by ‘50 points’ over the surprise 10-0 Indiana Hoosiers led by first-year head coach Curt Cignetti and quarterback Kurtis Rourke. Ohio State is the No. 2 team in the country, and its only loss came to the Oregon Ducks. The game, which will take place in Columbus, hosted Big Noon Kickoff and College Gameday, the biggest game in the country this week. Indiana is ranked No. 5 in the nation. Still, with a win, it could solidify itself as a legitimate national title contender and in line to get a first-round bye in the College Football Playoffs. Fields played for the Buckeyes from 2019 to 2020 before the Chicago Bears picked him in the first round of the 2021 NFL Draft. While there, he won the Big Ten Offensive Player of the Year and led the Buckeyes to the National Title game, but they lost to Alabama 52-24. 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Josh Hubbard scored 25 points and Claudell Harris Jr. scored 21 on 6-of-9 shooting as Mississippi State escaped with a 91-84 win against Prairie View A&M on Sunday in Starkville, Miss. Prairie View A&M took a 65-64 lead with 10:38 remaining, but Hubbard and Harris Jr. each scored seven points to power the ensuing 14-1 run that put Mississippi State up for good. Hubbard punctuated the rally with a 3-pointer that made it 78-66 with 5:51 to play. The Bulldogs (8-1) stretched their lead to as many as 13 points in the closing minutes to notch their second straight win. Shawn Jones Jr. added 11 points for Mississippi State, while Michael Nwoko added 10 points and 10 rebounds. RJ Melendez also netted 10 points. The Panthers (1-8) were led by the trio of Nick Anderson (21 points) Tanahj Pettway (20) and Marcel Bryant (19). Pettway drilled 4 of 5 3-pointers and Bryant grabbed seven rebounds. Prairie View A&M got off to a hot start, opening up a 27-12 lead with 10:42 left in the first half. It was a surprising haymaker from the visitors, who entered the game winless in Division I play and faced a Bulldogs team that was ranked last week. Mississippi State eventually found its stride offensively, turning things around with a 32-17 run to tie the game at 44 entering halftime. The Bulldogs shot 50 percent from the field overall in the first half, but only made six of their 17 attempts from 3-point range (35.3 percent). Their defense remained an issue throughout the half, with the Panthers hitting 16 of their 27 shots (59.3 percent) and canning 5 of 8 3-pointers. Neither team led by more than five early in the second half until Mississippi State pulled away. The Bulldogs finished the game shooting 55.6 percent from the floor (30-of-54) and drilled 11 of 26 attempts (42.3 percent) from long range. They outrebounded Prairie View A&M 35-22 and outscored them 31-20 in bench points. The Panthers held a 34-32 advantage in points in the paint and shot 56.4 percent overall for the game, including 52.6 percent (10-of-19) on threes. --Field Level MediaDARZALEX® (daratumumab) subcutaneous formulation shows 51 percent reduction in risk of progression to active multiple myeloma for patients with high-risk smouldering multiple myeloma