Indonesia at a crossroads: fires, downgrades, fuel shortages & Homer Simpson. Also, sex difference in pain.
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Rest Time in the Life Class (study) Dorothy Johnstone (1892–1980)
Mounting crisis in Indonesia
Indonesia’s stock market tumbled on Friday after global index provider MSCI warned it could exclude the country from its main indices, deepening concerns about investability in south-east Asia’s largest economy. The country’s benchmark Jakarta Composite Index plunged 11.6 per cent, triggering a trading halt, after MSCI warned it could downgrade Indonesia to standalone market status. MSCI’s indices are closely followed by emerging-market investors and the warning, a significant escalation, could trigger billions of dollars of outflows. Friday’s fall is the Indonesian market’s largest single-day drop since January 1998, when the country’s stocks were buffeted in the wake of the Asian financial crisis. MSCI warned in January that it could downgrade Indonesia from emerging market status to frontier market, signalling greater investment risk. It cited concerns over market opacity, concentrated shareholdings and insider trading. Indonesia is the world’s worst-performing stock market this year, having lost more than 40 per cent. Foreign investors have pulled close to $5bn from the country’s stock market this year. “Feedback from market participants suggests that a reclassification to Frontier Markets would not properly recognize the depth of the market problems,” a statement from the index provider said on Thursday.
Source: FT
Chaos in Bali
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Forest fires are at historic highs
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“Did you know Indonesia is at a crossroads?”
The Black Coat, Dorothy Johnstone (1892–1980) Aberdeen Art Gallery
Sex Difference in Pain Prevalence
h/t Nature-Nurture-Nietzsche Newsletter
Bentham, father of utilitarianism, and the feedback monitor
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Anne Finlay (1898–1963) Dorothy Johnstone (1892–1980)
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