Movement

Transporting hazardous materials across the country isn’t easy − that’s why there’s a host of regulations in place

Retrieved on: 
Mardi, avril 23, 2024

They’re just one visible part of a web of regulations that aim to keep workers and the environment safe while shipping hazardous waste.

Key Points: 
  • They’re just one visible part of a web of regulations that aim to keep workers and the environment safe while shipping hazardous waste.
  • Transporting hazardous materials such as dangerous gases, poisons, harmful chemicals, corrosives and radioactive material across the country is risky.
  • But because approximately 3 billion pounds of hazardous material needs to go from place to place in the U.S. each year, it’s unavoidable.
  • With all the material that needs to cross the country, hazardous material spills from both truck and rail transportation are relatively unavoidable.

Who regulates hazardous material?

  • The Occupational Safety and Health Administration regulates the proper handling of hazardous materials where they’re either manufactured or used.
  • The Pipeline and Hazardous Materials Safety Administration regulates the transportation of hazardous materials by truck, rail, pipeline and ship.
  • In the air, the Federal Aviation Administration regulates hazardous materials.

Key regulations

  • Two essential regulations govern the handling and transportation of hazardous materials.
  • In 1975, the EPA published the Hazardous Material Transportation Act, which protects people and property from hazardous material transportation risks.
  • The Pipeline and Hazardous Materials Safety Administration oversees hazardous materials regulations that apply to everything from packaging and labeling to loading and unloading procedures.
  • Trucking companies transporting hazardous materials need to use specific vehicles and qualified drivers to comply with Federal Motor Carrier Safety Administration regulations.
  • The Pipeline and Hazardous Materials Safety Administration’s and the Federal Railroad Administration’s regulations for rail shipments require that rail cars fit physical and structural specifications.
  • Both truck and rail companies must follow regulations that require the proper classification, packaging and labeling of hazardous materials.
  • The Pipeline and Hazardous Materials Safety Administration’s security regulations prevent theft or sabotage of hazardous materials.


Michael F. Gorman does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

The murder of Giacomo Matteotti – reinvestigating Italy’s most infamous cold case

Retrieved on: 
Mardi, avril 23, 2024

He is on a secret mission to meet representatives of Britain’s ruling Labour party – including, he hopes, the recently elected prime minister, Ramsay MacDonald.

Key Points: 
  • He is on a secret mission to meet representatives of Britain’s ruling Labour party – including, he hopes, the recently elected prime minister, Ramsay MacDonald.
  • The 38-year-old Matteotti, a tireless defender of workers’ rights, still hopes Mussolini can be stopped.
  • For Matteotti, this new British government – the first to be led by Labour, although not as a majority – is a beacon of hope.

Four days in London

  • Britain’s new prime minister was a working-class Scot who had made his way up via humble jobs and political activism.
  • In contrast, Matteotti hailed from a wealthy family that owned 385 acres in the Polesine region of north-eastern Italy.
  • The team is working with academics from different backgrounds who have been engaged in projects aimed at tackling societal and scientific challenges.
  • But something else may have troubled Mussolini about Matteotti’s visit to London – part of a European tour that also included stops in Brussels and Paris.

Death of a socialist

  • He had reportedly been working on this speech day and night, studying data and checking numbers for many hours.
  • This secret group, known as Ceka after the Soviet political police created to repress dissent, had been following Matteotti for weeks.
  • The squad’s leader, US-born Amerigo Dumini, reputedly boasted of having previously killed several socialist activists.
  • Socialist MPs, alerted by Matteotti’s wife, denounced the MP’s disappearance – but were not altogether surprised by it.
  • For a few days, it appeared that the resulting public outrage – much of it aimed at Mussolini himself – might even bring down Italy’s government, spelling the death knell for fascism.

Why was Matteotti murdered?

  • His death can be seen as one of the most consequential political assassinations of the 20th century.
  • Yet for the Italian right, Matteotti is a ghost.
  • Throughout her political career, Italy’s current prime minister, Giorgia Meloni, has hardly ever spoken about the historical crimes of fascists in Italy, and not once about the murder of Matteotti.
  • The historical debate about the murder has also never reached a unanimous conclusion about who gave the order to kill Matteotti and why.

The LSE documents

  • The story of how the documents came to be secreted away in the LSE library takes us back to London for another clandestine visit – this time by Gaetano Salvemini, an esteemed professor of modern history who fled Italy in November 1925.
  • In December 1926, while still in London, Salvemini received the secret package which he soon passed on to the LSE.
  • But they were driven by the conviction that these documents could one day prove beyond doubt that Mussolini had orchestrated Matteotti’s assassination.
  • Salvemini may thus have considered the LSE a safe haven – and there the documents have remained ever since.

A voice from the dead

  • Rather, the move allowed Mussolini to legislate unchallenged while the seats of the 123 MPs who had joined the rebellion were left vacant.
  • Matteotti’s article, entitled “Machiavelli, Mussolini and Fascism”, was a response to an article published in the magazine’s June issue by Mussolini himself.
  • The Italian prime minister’s translated essay about the Renaissance intellectual Niccolò Machiavelli had carried the provocative headline “The Folly of Democracy”.
  • The article was widely commented on in the British press, which had been following the story of Matteotti’s murder almost daily.
  • His funeral was rushed through very quickly, with the coffin being transported overnight in an attempt to prevent public gatherings.

The end of Italian democracy

  • In a speech to parliament on January 3 1925, he took “political responsibility” for the murder while not admitting to ordering it.
  • Mussolini’s speech ended with a rhetorical invitation to indict him – to a parliament now populated only by fascists.
  • The speech signalled the end of Italian democracy.
  • The nature of Mussolini’s involvement was little discussed in the wake of his execution in April 1945 and the end of the second world war.
  • Was it the evidence of the Mussolini government’s corruption that he planned to reveal to the Italian parliament the day after his kidnap?


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  • He has also received funding from the Fondazione Giacomo Matteotti to study the LSE documents.
  • Gianluca Fantoni does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Beyoncé and Dolly Parton’s versions of Jolene represent two sides of southern femininity

Retrieved on: 
Mardi, avril 23, 2024

On her new album, Cowboy Carter, Beyoncé puts a new spin on Dolly Parton’s classic song, Jolene.

Key Points: 
  • On her new album, Cowboy Carter, Beyoncé puts a new spin on Dolly Parton’s classic song, Jolene.
  • Some people commenting online were vocal about not liking Beyoncé’s version, often citing its lack of vulnerability when compared to Parton’s version.
  • There are upwards of 80 covers of Jolene, but Beyoncé’s is a departure from the rest.
  • The Houston native’s Jolene is decidedly Black, and therein lies the crux of the different reactions towards the song.
  • It is important to examine the story Dolly Parton tells on Jolene because it, too, is rooted in her racial and gendered identity as much as Beyoncé’s Jolene is.

How is Beyoncé’s story the same but different?

  • Towards the end of the song, Beyoncé and her partner turn a corner and offer hope against the disruption that Jolene represents.
  • Beyoncé’s Jolene is introduced by Dolly Parton herself in a short interlude.
  • Parton makes a clear association between her experience with Jolene and Beyoncé’s experience with “Becky with the good hair” (or “hussy” as Parton says).
  • But the term has evolved to encompass racially ambiguous women with European or Asian features, lighter skin and loose curls or straight hair.
  • Why would we expect the song to be the same when these two women are far from?


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Kadian Pow does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Ecosystems are deeply interconnected – environmental research, policy and management should be too

Retrieved on: 
Mardi, avril 23, 2024

Is it because we don’t have enough information about how ecosystems respond to change?

Key Points: 
  • Is it because we don’t have enough information about how ecosystems respond to change?
  • Specifically, we investigate solutions to environmental and societal problems that stem from the disparities between scientific research, policy and management responses to environmental issues.


Our work’s standing among global research aimed at stopping ecosystem collapse has been recognised as one of 23 national champions in this year’s Frontiers Planet Prize.

Read more:
Our oceans are in deep trouble – a 'mountains to sea' approach could make a real difference

More holistic solutions

  • The challenges focused on environmental issues were deliberately created to concentrate on separate ecosystem and management domains (marine, freshwater and land).
  • We focus on solutions where social and ecological connections are at the forefront of environmental management practices and decisions.
  • Most of the microplastics found along coasts and in harbours are blown or washed off the land.
  • This leads to lags in decision making which create undesirable environmental outcomes that are difficult to return from.

Cyclones as a real-world example

  • The exposed soil associated with clear felling was left draped in woody debris to protect it from rain.
  • However, Cyclone Gabrielle hit in February last year, with extreme rainfall washing both soil and woody debris into streams.
  • The debris also clogged harbours and coastal beaches, smothered seafloor habitats, destroyed fisheries and affected cultural and recreational values.
  • This real-world example demonstrates the severe consequences of lags in information flow and management responses.

Living with nature, not off it

  • Living within planetary boundaries requires a paradigm shift in behaviours, including the way we link science and management to on-the-ground action.
  • Crucially, we need to increase the speed at which new research is taken up and rapidly transition this into action that improves environmental outcomes at local scales.
  • This behavioural shift underpins the way to a more integrated, broad-scale ability to act and stay within planetary boundaries.
  • Rebecca Gladstone-Gallagher receives funding from philanthropy, Ministry of Business Innovation and Employment (MBIE), including from the National Science Challenges, the Marsden Fund and the Rutherford Foundation Postdoctoral Fellowships.
  • Conrad Pilditch receives funding from Ministry of Business Innovation and Employment (MBIE), including the National Science Challenge Sustainable Seas, Marsden Fund and regional councils.

Elon Musk says ‘disc replacement’ worked for him. But evidence this surgery helps chronic pain is lacking

Retrieved on: 
Mardi, avril 23, 2024

In comments following the post, Musk said the surgery was a “gamechanger” and reduced his pain significantly.

Key Points: 
  • In comments following the post, Musk said the surgery was a “gamechanger” and reduced his pain significantly.
  • So what is disc replacement surgery and what does the evidence tells us about its benefits and harms?

What’s involved in a disc replacement?

  • Disc replacement may be performed for a number of reasons, including slipped discs in the neck, as appears to be the case for Musk.
  • In Australia, even if you have health insurance, a disc replacement surgery may leave you more than A$12,000 out of pocket.
  • Disc replacement surgery is not performed as much as other spinal surgeries (for example, spinal fusion) but its use is increasing.
  • In New South Wales for example, rates of privately-funded disc replacement increased six-fold from 6.2 per million people in 2010–11 to 38.4 per million in 2019–20.

What are the benefits and harms?

  • But there has been very little research comparing disc replacement surgery with non-surgical treatments.
  • Unfortunately, these crucial first research steps have largely been skipped for disc replacement surgery for both neck and back pain.
  • There are no clinical trials we know of investigating whether disc replacement is effective for neck pain compared to nothing or compared to non-surgical treatments.
  • Complications are not uncommon, and can include disclocation of the artificial disc, fracture (break) of the artificial disc, and infection.
  • Revision surgery means a re-do to the primary surgery if something needs fixing.

Are there effective alternatives?

  • Many surgeons see disc replacement as an alternative to spinal fusion, and this choice is often presented to patients.
  • Indeed, the research evidence used to support disc replacement mainly comes from studies that compare disc replacement to spinal fusion.
  • Fortunately for patients, there are new, non-surgical treatments for neck and back pain that evidence is showing are effective – and are far cheaper than surgery.
  • Christine Lin receives funding from the National Health and Medical Research Council (NHMRC), and Medical Research Future Fund.
  • Christopher Maher receives funding from the National Health and Medical Research Council (NHMRC), and Medical Research Future Fund.

The NSW treasurer says a slashed share of GST will cost his state $11.9 billion. But where did he get this figure?

Retrieved on: 
Mardi, avril 23, 2024

NSW Treasurer Daniel Mookhey caught the headlines yesterday, courtesy of a blistering speech condemning the latest GST carve-up.

Key Points: 
  • NSW Treasurer Daniel Mookhey caught the headlines yesterday, courtesy of a blistering speech condemning the latest GST carve-up.
  • Read more:
    Scrap the West Australian GST deal set to cost $40 billion – leading economists

So how much less?

  • But since 2021-22, Australia’s GST has been allocated under a new equalisation arrangement.
  • If NSW’s “no worse off” top-up payments are taken into account, the difference is only $188 million.
  • Yes, that’s a lot of money to lose, but multiplied out over four years, it’s still well short of $11.9 billion.

Short-changed on population

  • NSW’s beef with the GST carve-up is most likely that it receives much less than it would get if those revenues were distributed according to population share, instead of according to service delivery needs between states and territories.
  • Next year, for example, with 31.2% of the population, NSW will only receive 27.1% of GST revenues.
  • In dollar terms, the difference is equivalent to about $3.6 billion, which multiplied out over four years, would come to $14.4 billion.
  • Distributing GST by population alone ignores different service delivery needs between states.

But what’s really fair?

  • In reality, Mookhey has taken aim at the way we try to even up the financial capacity of the states and territories.
  • Because of service needs, these jurisdictions receive a bigger share of GST funds than their share of the national population.
  • Read more:
    States agree to do more heavy lifting on disability, in exchange for extra health and GST funding

Spending, not income, likely the problem

  • Most of the slippage occurred in 2023 after the budget was brought down.
  • While GST revenues will be down compared to what was budgeted in 2024-25, revenues in total are well above budget, by $490 million.
  • The problem is not revenues, but expenses, which have blown out by close to $1 billion, mainly due to the impact of rising interest rates on outstanding debt.
  • Were the other two agencies to follow suit, it likely wouldn’t make a difference.


David Hayward does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Luis de Guindos: Interview with Le Monde

Retrieved on: 
Mardi, avril 23, 2024

Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.

Key Points: 
  • Since 2022 rising housing costs have, on average, largely been offset by growth in household income, leading to stable housing cost to household income ratios.
  • The housing cost burden has, however, increased slightly for both renter and mortgage households at the upper end of the income distribution.

Good news: midlife health is about more than a waist measurement. Here’s why

Retrieved on: 
Vendredi, avril 19, 2024

During the appointment they measure your waist.

Key Points: 
  • During the appointment they measure your waist.
  • GPs and health professionals commonly measure waist circumference as a vital sign for health.
  • Men are at greatly increased risk of health issues if their waist circumference is greater than 102 centimetres.
  • More than two-thirds of Australian adults have waist measurements that put them at an increased risk of disease.

How much is too much?

  • A ratio of 0.6 or more places a person at the highest risk of disease.
  • This can kick off a discussion about their risk of chronic diseases and how they might address this.
  • For women, hormone levels begin changing in mid-life and this also stimulates increased fat levels particularly around the abdomen.
  • Finally, your family history and genetics can make you predisposed to gaining more abdominal fat.

Why the waist?

  • Visceral fat surrounds and infiltrates major organs such as the liver, pancreas and intestines, releasing a variety of chemicals (hormones, inflammatory signals, and fatty acids).
  • These affect inflammation, lipid metabolism, cholesterol levels and insulin resistance, contributing to the development of chronic illnesses.
  • In addition to the direct effects of hormone changes, declining levels of oestrogen change brain function, mood and motivation.
  • These psychological alterations can result in reduced physical activity and increased eating – often of comfort foods high in sugar and fat.
  • And importantly, the waist circumference (and ratio to height) is just one measure of human health.

Muscle matters

  • On current evidence, it is equally or more important for health and longevity to have higher muscle mass and better cardiorespiratory (aerobic) fitness than waist circumference within the healthy range.
  • So, if a person does have an excessive waist circumference, but they are also sedentary and have less muscle mass and aerobic fitness, then the recommendation would be to focus on an appropriate exercise program.
  • Conversely, a person with low visceral fat levels is not necessarily fit and healthy and may have quite poor aerobic fitness, muscle mass, and strength.

Getting moving is important advice

  • Exercise can counter a lot of the negative behavioural and physiological changes that are occurring during midlife including for people going through menopause.
  • And regular exercise reduces the tendency to use food and drink to help manage what can be a quite difficult time in life.
  • Measuring your waist circumference and monitoring your weight remains important.


Rob Newton receives funding from National Health and Medical Research Council, the Medical Research Future Fund, Cancer Council Western Australia, Spinal Cord Injuries Australia and the World Cancer Research Fund. Rob Newton is a board member of The Healthy Male.

Central bank asset purchases and auction cycles revisited: new evidence from the euro area

Retrieved on: 
Vendredi, avril 19, 2024

Working Paper Series

Key Points: 
    • Working Paper Series
      Federico Maria Ferrara

      Central bank asset purchases
      and auction cycles revisited:
      new evidence from the euro area

      No 2927

      Disclaimer: This paper should not be reported as representing the views of the European Central Bank
      (ECB).

    • Abstract
      This study provides new evidence on the relationship between unconventional monetary
      policy and auction cycles in the euro area.
    • The findings indicate that Eurosystem?s asset purchase flows mitigate
      yield cycles during auction periods and counteract the amplification impact of market volatility.
    • The dampening effect of central bank asset purchases on auction cycles is more sizeable and
      precisely estimated for purchases of securities with medium-term maturities and in jurisdictions
      with relatively lower credit ratings.
    • On the other hand, central banks may influence price dynamics in these markets, most notably
      through their asset purchase programmes.
    • If so, do central bank asset purchases
      affect bond yield movements around auction dates?
    • Auction cycles are present when secondary market yields rise in
      anticipation of a debt auction and fall thereafter, generating an inverted V-shaped pattern around auction
      dates.
    • ECB Working Paper Series No 2927

      3

      1

      Introduction

      The impact of central bank asset purchases on government bond markets is a focal point of economic and
      financial research.

    • If so,
      do central bank asset purchases shape yield sensitivity around auction dates?
    • The paper provides new evidence on the effects of Eurosystem?s asset purchases on secondary market
      yields around public debt auction dates.
    • The analysis builds on previous research based on aggregate data
      on central bank asset purchases and a shorter analysis period (van Spronsen and Beetsma 2022).
    • Using
      granular data on Eurosystem?s asset purchases offers an opportunity to shed light on the mechanisms linking
      unconventional monetary policy and auction cycles.
    • Given this legal constraint, the study
      hypothesises that the effect of asset purchases on 10-year auction cycles is mostly indirect, and goes via price
      spillovers generated by purchases of securities outside the 10-year maturity space.
    • Taken together, these results provide new evidence about auction cycles in Europe and contribute to a
      larger literature on the flow effects of central bank asset purchases on bond markets.
    • Section 4 offers descriptive evidence about auction cycles in the euro area.
    • Auction cycles are defined by the presence of an inverted V-shaped pattern in secondary market yields
      around primary auctions.
    • That is, government bond yields rise in the run-up to the date of the auction and
      fall back to their original level after the auction.
    • Their limited risk-bearing capacities and inventory management operations are
      seen as key mechanisms driving auction cycles (Beetsma et al.
    • ECB Working Paper Series No 2927

      7

      Second, central bank asset purchases can alleviate the cycle by (partly) absorbing the additional supply
      of substitutable instruments in the secondary market (van Spronsen and Beetsma 2022).

    • This expectation is
      supported by several analyses on the price effects of central bank bond purchases (D?Amico and King 2013;
      Arrata and Nguyen 2017; De Santis and Holm-Hadulla 2020).
    • Empirically, previous research has provided evidence of auction cycles taking place across different jurisdictions.
    • (2016) detect auction cycles for government debt in Italy, but not in Germany, during the European
      sovereign debt crisis.
    • Research on the impact of central bank asset purchases on yield cycles around auctions is still limited.
    • Their paper provides evidence
      that Eurosystem?s asset purchases reduce the presence of auction cycles for euro area government debt.
    • Nonetheless, several questions remain open about auction cycles and unconventional monetary policy
      in the euro area.
    • Therefore, they
      provide only a partial picture of auction cycles and central bank asset purchases in Europe.
    • The use of granular data on central bank asset purchases is especially important in light of the modalities
      of monetary policy implementation of the Eurosystem.
    • Altogether, these elements motivate further investigation of the relationship between central bank asset
      purchases and auction cycles in the euro area.
    • Taken together, these results confirm that Eurosystem?s asset purchases mitigate yield cycles during auction periods and counteract the amplification impact of market volatility.
    • The findings confirm that the flow
      effects of central bank purchases on yield movements around auction dates are driven by lower-rated countries.
    • Additional analyses provide evidence for an indirect effect of purchases on auction cycles and highlight
      the presence of substantial heterogeneity across jurisdictions and purchase programmes.
    • Flow Effects of Central Bank Asset Purchases on Sovereign Bond
      Prices: Evidence from a Natural Experiment.
    • Federico Maria Ferrara
      European Central Bank, Frankfurt am Main, Germany; email: [email protected]

      ? European Central Bank, 2024
      Postal address 60640 Frankfurt am Main, Germany
      Telephone
      +49 69 1344 0
      Website
      www.ecb.europa.eu
      All rights reserved.