On this day:
1973
Watergate scandal: Televised hearings begin in the United States Senate.
1974
Dublin and Monaghan bombings: Thirty-three civilians are killed when the Ulster Volunteer Force (UVF) explodes car bombs in Dublin and Monaghan, Republic of Ireland.
1974
Police in Los Angeles, California, raid the Symbionese Liberation Army’s headquarters, killing six members, including Camilla Hall.
1990
The General Assembly of the World Health Organization (WHO) eliminates homosexuality from the list of psychiatric diseases.
***
Are there topics or subjects in academic study dangerous to young minds?
Is this the basis of The Index?
Do we shield people from unpleasant observations for what is perceived as the Common Good?
***
SatStats
The average age of a homebuyer has climbed to 56, almost double what it was 40 years ago.
***
Not long ago, anyone could comb through a wide range of official data from China. Then it started to disappear.
Land sales measures, foreign investment data and unemployment indicators have gone dark in recent years. Data on cremations and a business confidence index have been cut off. Even official soy sauce production reports are gone.
In all, Chinese officials have stopped publishing hundreds of data points once used by researchers and investors, according to a Wall Street Journal analysis.
In most cases, Chinese authorities haven’t given any reason for ending or withholding data. But the missing numbers have come as the world’s second biggest economy has stumbled under the weight of excessive debt, a crumbling real-estate market and other troubles—spurring heavy-handed efforts by authorities to control the narrative.
***
43% of young people currently carry student debt, compared with 28% in 1993.
***
A majority of Britons may now consider themselves neurodivergent, meaning they have a condition such as autism, dyslexia or dyspraxia, according to a leading psychologist.
***
Jensen: “First thing to understand: 50% of the world’s AI researchers are Chinese.”
***
Between 2014 and 2021, prices paid for prescription drugs by Medicare Part D, after accounting for generic substitutions, increased by just 13 percent—less than the rate of inflation over that period. Drug spending takes up only 12 percent of total health-care payments in the U.S., and American consumers spend only 0.4 percent of their total consumption on out-of-pocket prescription drug costs. Both these figures are far less than the OECD average. Meanwhile, the cost of hospital services rose 30 percent between 2014 and 2021.
***
Korea is facing a surge in suicides among men in their 30s to 50s, driven by worsening economic hardship, social isolation and high-profile celebrity deaths, highlighting urgent calls for stronger national suicide prevention measures.
***
Women in midlife have upped their alcohol consumption in recent decades, as their lifestyles have changed. Doctors are now witnessing more hospitalizations of women for liver disease, and some researchers suspect alcohol consumption is contributing to rising rates of breast cancer. Alcohol-related deaths in women are increasing at a faster clip than in men, data show.
***
Nielsen data show that traditional TV accounted for less than half of all US viewing time for the first time ever. But the shows most people are watching on services like Netflix and Disney+ are the ones made for traditional TV.
Cable and broadcast TV represented 29.6% and 20% of total US viewing time, respectively, while streaming services accounted for roughly 40%. The remaining piece of the pie was taken up by DVDs, video-on-demand, and gaming.
***
Encouragingly for gas-powered cars, the 2022 model year saw the largest single-year improvement in CO2 emission rates and fuel economy in nine years. All while horsepower keeps going up.
***
The S&P 500 index is meant to represent 500 companies. It has become so concentrated due to the rise of Mag 7 stocks that its effective diversification is less than 60 stocks.
***
The risk of a fatality from commercial air travel was 1 per every 13.7 million passenger boardings globally in the 2018-2022 period — a significant improvement from 1 per 7.9 million boardings in 2008-2017 and a far cry from the 1 per every 350,000 boardings that occurred in 1968-1977, an MIT study finds.
SatStats
The average age of a homebuyer has climbed to 56, almost double what it was 40 years ago.
***
Not long ago, anyone could comb through a wide range of official data from China. Then it started to disappear.
Land sales measures, foreign investment data and unemployment indicators have gone dark in recent years. Data on cremations and a business confidence index have been cut off. Even official soy sauce production reports are gone.
In all, Chinese officials have stopped publishing hundreds of data points once used by researchers and investors, according to a Wall Street Journal analysis.
In most cases, Chinese authorities haven’t given any reason for ending or withholding data. But the missing numbers have come as the world’s second biggest economy has stumbled under the weight of excessive debt, a crumbling real-estate market and other troubles—spurring heavy-handed efforts by authorities to control the narrative.
***
43% of young people currently carry student debt, compared with 28% in 1993.
***
A majority of Britons may now consider themselves neurodivergent, meaning they have a condition such as autism, dyslexia or dyspraxia, according to a leading psychologist.
***
Jensen: “First thing to understand: 50% of the world’s AI researchers are Chinese.”
***
Between 2014 and 2021, prices paid for prescription drugs by Medicare Part D, after accounting for generic substitutions, increased by just 13 percent—less than the rate of inflation over that period. Drug spending takes up only 12 percent of total health-care payments in the U.S., and American consumers spend only 0.4 percent of their total consumption on out-of-pocket prescription drug costs. Both these figures are far less than the OECD average. Meanwhile, the cost of hospital services rose 30 percent between 2014 and 2021.
***
Korea is facing a surge in suicides among men in their 30s to 50s, driven by worsening economic hardship, social isolation and high-profile celebrity deaths, highlighting urgent calls for stronger national suicide prevention measures.
***
Women in midlife have upped their alcohol consumption in recent decades, as their lifestyles have changed. Doctors are now witnessing more hospitalizations of women for liver disease, and some researchers suspect alcohol consumption is contributing to rising rates of breast cancer. Alcohol-related deaths in women are increasing at a faster clip than in men, data show.
***
Nielsen data show that traditional TV accounted for less than half of all US viewing time for the first time ever. But the shows most people are watching on services like Netflix and Disney+ are the ones made for traditional TV.
Cable and broadcast TV represented 29.6% and 20% of total US viewing time, respectively, while streaming services accounted for roughly 40%. The remaining piece of the pie was taken up by DVDs, video-on-demand, and gaming.
***
Encouragingly for gas-powered cars, the 2022 model year saw the largest single-year improvement in CO2 emission rates and fuel economy in nine years. All while horsepower keeps going up.
***
The S&P 500 index is meant to represent 500 companies. It has become so concentrated due to the rise of Mag 7 stocks that its effective diversification is less than 60 stocks.
***
The risk of a fatality from commercial air travel was 1 per every 13.7 million passenger boardings globally in the 2018-2022 period — a significant improvement from 1 per 7.9 million boardings in 2008-2017 and a far cry from the 1 per every 350,000 boardings that occurred in 1968-1977, an MIT study finds.
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