| 21. april 2008 | | JureBut the effects of the massive artificial snow output are worrying scientists. “Artificial snow melts two to three weeks later (than normal snow),” says Christian Rixen of the Swiss Federal Institute for Snow and Avalanche Research. Adding to the worry is the fact that artificial snow melt contains more minerals and nutrients than regular melt water. One consequence of the different composition is an alteration of the natural ground covering, as plants with higher nutritional requirements suddenly begin to dominate.
Guns, drugs, and financial innovation
Carmen Reinhart and Ken Rogoff’s new paper (summary here) makes the obvious but important point that financial globalization and financial crises are related. In their words, “Periods of high international capital mobility have repeatedly produced international banking crises, not only famously as they did in the 1990s, but historically.”