News
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Israel’s Judicial Reform: A Dramatic Vote Dividing the Nation
Just two days after the pacemaker was installed, Israeli Prime Minister Benjamin Netanyahu couldn’t wait to leave the hospital and rush to the Jerusalem parliament. The judicial reform initiated by him and which has been advancing for seven months will usher in a voting time in late July. 120 MPs had a heated debate before the vote. 56 members of the opposition party believed that if the bill was passed, it would push the country into a pit of fire, and all abstained and left the venue in protest. In the end, the bill passed in a dramatic 64-0 result. There were sparse applause from the parliamentarians in the venue,…
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Bracing for Impact: Analyzing the US Economy and Markets
The latest data released by the U.S. Department of Commerce show that the U.S. gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of this year, higher than the first quarter and stronger than market consensus expectations. In the first seven months of this year, the three major U.S. stock indexes rose collectively, and the Nasdaq index rose by 37%. The “big seven” set off a big bull market in technology stocks. Among them, Nvidia rose by 219% and Microsoft rose by 40%. It’s hard to imagine that this is a story that happened during the Fed’s most aggressive tightening cycle in nearly 40…
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The Historical Perspective and Modern Treatments for Depression
Depression, from dazzling stars to officials and politicians, from air crash pilots to scholars and translators, is all trapped by it, and even drives their lives to a sad end. ”I don’t know why, I am so sad…” The poet Heine, who suffered from depression, began his famous poem “Lorelei” like this, vividly expressing the true feelings of depressed people. Depression is not a purely temporary psychological problem as some people think. It is a physiological disease, which is related to both genetic and environmental stimuli. It is very likely that there is no reason, and people are enveloped by a feeling of disappointment, frustration, and helplessness, which cannot be…
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The Freeze Sets In: Examining the Rapid Deterioration of German-Russian Relations
Since the outbreak of the Ukrainian crisis in early 2022, Germany’s attitude towards Russia has undergone a fundamental change, and the relationship between the two sides has now fallen to a freezing point and has fallen into a dilemma. At present, Germany-Russia relations are in a state of political freezing, security confrontation, energy decoupling, and economic rupture, and will continue to fall into a vicious circle of competition and conflict for some time to come. The overall manifestation of the deterioration of German-Russian relations Let me talk about “political cooling” first. Germany has complex historical ties to Russia, such as Germany’s large Russian-German community dating back to the time of…
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Global Economic Outlook for Q3 2023 – Differentiated Recovery, Falling Inflation and Continued Risks
In the second quarter of 2023, the downward momentum of the global economy will slow down, and inflation will continue to fall, but the characteristics of recovery differentiation will become increasingly prominent. The global service industry has recovered steadily, and economies such as Europe and the United States, where consumption accounts for a large share of GDP, have performed better than expected. In stark contrast, the recovery of the global manufacturing and merchandise trade sectors is weak, and the growth of export-oriented economies such as Asia-Pacific is under pressure. Major central banks such as Europe and the United States continued to raise interest rates, the U.S. dollar index and U.S.…
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Berkshire Hathaway Reports Strong Second Quarter Results, Shares Hit Record High
On August 5, Berkshire Hathaway released its financial report for the second quarter of 2023. After the U.S. stock market continued to rise, Berkshire, the “stock god” Buffett at the helm, also achieved huge profits. Berkshire shares also hit an all-time high of $542,000 this week. Berkshire Hathaway Class A Stock Trends 0 1 Financial data improved substantially The overall performance of the US stock market in the second quarter was good. The S&P 500 index rose 8.3% in a single quarter, and the Nasdaq index rose 12.81%. Berkshire’s performance has also improved significantly. In the second quarter, Berkshire achieved revenue of US$92.503 billion, an increase of 21.4% from US$76.18…
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Hidden Gems Near Mostar: A Guide to Bosnia and Herzegovina’s Undiscovered Destinations
Bosnia and Herzegovina is located in the west of the Balkan Peninsula, covering an area of 51,200 square kilometers. There are many mountains and rivers in the territory. Bosnia in the southwest has a typical Mediterranean climate, while Herzegovina in the northeast has a mild continental climate. When visiting here, Mostar is a city that must be visited. However, around Mostar, there are still many hidden destinations that are easily overlooked. The karst landform in southeast Europe originated in Slovenia and extends all the way to Montenegro and Albania through Bosnia and Herzegovina. Most of Bosnia and Herzegovina are in the karst landform belt. Therefore, from Sarajevo to Mostar, there…
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The Countdown of Fuel Vehicles: Will They Be Banned in the Near Future?
Lamborghini recently sold its last internal combustion engine sports car. “All orders for Huracan and Urus have been closed, and orders for these two models are no longer accepted.” The supercar brand under the Volkswagen Group announced in early July. For more than a hundred years, fuel vehicles have been the “pearls” of the automobile industry. But under the wave of electrification, even supercar brands are “sentenced to death” for fuel vehicles. This means that no matter how rich consumers are, they will not be able to buy pure fuel vehicles from Lamborghini in the future. Not only that, but in the past year, more and more traditional car companies…
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MosaicML Acquired for $1.3B, Major AI Startup Deals Kick Off
Recently, big data giant Databricks announced the acquisition of generative AI start-up MosaicML for US$1.3 billion (approximately RMB 9.4 billion). This acquisition, which took place in Silicon Valley, USA, is the largest announcement in the field of generative AI this year. attracted great attention from the industry. MosaicML was established in San Francisco, USA in 2021. It successfully completed the first round of financing shortly after its establishment. Well-known venture capital DCVC, Lux Capital, Future Ventures and other investment institutions participated. MosaicML received a total of 37 million US dollars in financing. At the time of the first round of financing, MosaicML was valued at US$220 million, but in this…
