INDUSTRY
Council on Foreign Relations
Evergrande Group, once the world's most valuable real estate developer, filed for bankruptcy protection in the United States in August 2023 after defaulting on its financial obligations in 2021. With more than $300 billion in liabilities, the collapse sent shockwaves through China's property sector, which accounts for roughly 30 percent of the country's GDP.
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CULTURE
Smithsonian Magazine
The Lycurgus Cup is a 4th-century Roman glass chalice that appears jade green when lit from the front but shifts to a glowing blood-red when light passes through it from behind. Held at the British Museum, the cup depicts King Lycurgus of Thrace ensnared in grapevines. For decades after the museum acquired it in the 1950s, scientists were baffled by its color-changing properties.
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OPINION
Jacobin
Michał Kalecki was a self-taught Polish economist who independently developed many of the same macroeconomic insights as John Maynard Keynes, yet remains far less known today. Working from a Marxian class perspective, Kalecki built models of business cycles, effective demand, and income distribution that challenged the assumption that households, not firms, are the key economic decision-makers.
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ARTS
Deadline
E3 — the Electronic Entertainment Expo — officially shut down in December 2023, ending a nearly 30-year run as the gaming industry's most prominent annual showcase. Launched in 1995, E3 became the event where console makers, publishers, and developers unveiled their biggest titles and hardware announcements each summer in Los Angeles.
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