Hanif Abdurraqib’s A Fortune for Your Disaster is a book of poems that feels like it got written not because the poet thought he should write it, but because he had to. There’s a breathless, headlong quality here:
the lips thick
with a familiar slang
flooding the tongue
get me to the curve
of lover’s neck
while I am still alive enough
1. A nutritious range of fresh fruits.
2. A single green leaf, at any point.
3. Chocolate cake, ice cream, a pickle, swiss cheese, salami, a lollipop, cherry pie, sausage, and a cupcake.
4. Five sausages, three chicken wings, four slices of watermelon, mashed potatoes, one pancake, sixty-four fries, four Jello cups, and an experimental lychee.
5. A dollop of chicken jalfrezi, a handful of green olives, a blob of moussaka, and a glob of something that turned out to be marmalade.
6. Second helpings of dessert, even with breakfast.
7. Just whipped cream in a bowl.
8. Dogged determination to eat one’s money back.
9. Stomach ache.
10. Regret.
11. Acid reflux.
12. Mammoth constipation.
13. Two-week food coma.
14. Substantial weight gain.
15. Suddenly too much bum and not enough underwear.
16. A pleasing conclusion to the narrative in which the protagonist ultimately learns portion control, and becomes a better Lepidoptera for it.
17. Cankles.
The cost of childcare in the UK has become untenable for the majority of parents, and it’s a problem that now spans social classes. Currently, parents are able to access thirty hours of free childcare per week for children over the age of three, and that’s only during term time. Between the end of parental […]
- by Aeon Video
Turkish analyst Gönül Tol discusses how, despite economic and social problems, Erdogan won the recent elections.
The post Turkish Elections: Erdogan’s Autocracy Continues appeared first on The Intercept.
- by Mike Rucker
The post Doctor Who Magazine 592 appeared first on Doctor Who Magazine.
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Black Friday 1929 market fundamentalist wet dreams of eternal growth took a serious hit. The stock market bubble exploded and crashed. Today we have a stock market situation starting to more and more remind us of that in 1929. Those of us who know Keynes-Fisher-Kindleberger-Minsky-Shiller and have not completely forgotten all about economic history are […]
Mastercard and Visa have each given undertakings to the Reserve Bank that they will not engage in ‘tying conduct’ involving their debit and credit card products.
This paper provides a retrospective assessment of the relationship between bank profitability and
interest rates, focusing on the period when rates were very low or negative. To do this we use new confidential
bank-level data covering about 1,500 banks operating in 10 banking systems, with most samples spanning the two
decades up to the end of 2019. Our analysis confirms the empirical regularity that declining interest rates reduce
banks’ net interest margins. However, we find a smaller effect than in previous studies: on average across
countries, a 100 basis point fall in short-term interest rates results in a 5 basis point decline in net interest
margins in the short run. Notably, there are substantial cross-country differences, and, in some cases, the
estimated effect is greater. Importantly, the effect of lower interest rates on net interest margins is larger
than the effect on asset returns, suggesting that banks can shield overall profitability in the face of lower
interest rates.
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