Russia and Ethereum

So its’ been a super impressive market rally on the Ethereum front as I had predicted in my previous post on 26th March.

Ethereum is currently at 267.20. So the return has been a more than impressive 400% since the day. Now here’s another cool bit of news. Russia apparently is tapping Ethereum’s founder to create a new national virtual currency. This should push it through the roof. Exciting times indeed!

The concentration of the world’s wealth!

I found this super interesting article while searching for something completely different and the results simply astounded me. Unlike the Rothschild story of wealth, and various other conspiracy theories surrounding it, this one is backed by meticulously detailed research. The full paper can be found here – http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0025995

What it says is that most of the world’s wealth (60%) is concentrated in the hands of just a few institutions and have their tentacles spread across. So there’s this core of 1318 companies which have interlocking ownerships and each of these have connections to 20 companies on average.

Forbes has also published an article based on the study. What is interesting to observe is that this paper is nearly 6 years old and the data set is from 2007! But that simply doesn’t take anything away from the findings surrounding the concentration of wealth. Nomura and Vanguard are the companies I have an affinity for in a strange way I can’t explain in this list. The fascination probably comes from the fact that both have some great sounding names and are also actively involved in creating wealth for others. The dataset suggests just one Chinese company though- China Petrochemical Group Company in the top 50. It is now the 5th largest company in the world in terms of absolute revenues earned, so am also guessing the market capitalization would be equally massive. I would be highly interested to observe how the current scenario looks like! How many Chinese firms have joined the fray – with the opening up of the Arctic Northwest passage, the building of the new Silk Road and the China Pakistan Economic Corridor? A scenario analysis is probably due!

Big sugar !

Too much of a good thing is always bad.  Same is applicable for sugar too. And from what I read from authoritative and scientifically reliable sources, sugar can do quite a bit of debilitating damage to the brain and the body!

Sugar is quite necessary for normal and efficient brain functioning. Absence of inadequate sugar levels will hamper the production of essential neuro transmitters, with vital cognitive functions such as thinking, memory, and learning being impacted rather severely

Fine but what does it mean and why should you be concerned? This suggests that eating a hell a lot of amount of sugar can mess around with what is called the nucleus accumbens. For those of you wondering what the hell this is, it is the brain’s natural reward system. Eating too much sugary stuff can also result in addiction, which has also been equated with brain fixes like cocaine. Some have also suggested that sugar increases for propensity for impulsive behaviours and risk taking

What is more disconcerting to me is this NYT opinion piece on what the author calls Big Sugar in which he also suggests that Big Sugar might have killed more people prematurely than tobacco, further corroborated by findings from this PLOS One article As you can see, quite a damning and depressing read if you ask me.

Thanks to a good friend of mine who diverted my attention to this topic that I have so conveniently ignored or not paid any attention to!