Bitcoin drops to six-month low as investors dump speculative assets

Bitcoin drops to six-month low as investors dump speculative assets

Enlarge (credit: Chris Ratcliffe/Bloomberg via Getty Images)

Bitcoin dropped to a six-month low on Saturday, extending a steep fall recorded in the previous session as the cryptocurrency market was swept up in a powerful shift by investors out of speculative assets.

The price of the biggest digital token by market value fell 4.3 percent in the European morning on Saturday to $35,127, the lowest level since July 2021. Bitcoin has now lost almost a quarter of its value this year.

Other cryptocurrencies have also come under intense selling pressure, with an FT Wilshire index of the top five tokens excluding bitcoin down 30 percent in the first month of 2022.

Read 10 remaining paragraphs | Comments

It’s a good time to learn the immune system—and this is the book for it

Image of a book cover.

Enlarge

If ever there was a moment to brush up on your knowledge of the immune system, this is that moment. (Okay, March-April 2020 may have been preferable, but you can still catch up.) And Immune is the perfect vehicle to help you do that. This book is phenomenal. It is engaging, it is informative, it is extremely clear and well-organized, it is helpful and illuminating and relevant and eye-opening and incredibly timely. And it is beautiful. Go get it and read it.

With enthusiasm

Philipp Dettmer is not an immunologist. He is a self-described “immune system enthusiast.” But his is no dilettantish, idle intellectual curiosity. He comes by his enthusiasm honestly, as he has had more intimate run-ins with his own immune system than anyone would like. He developed a food allergy as an adult that sent him to the hospital with shock, and he had cancer at age 32 and had to undergo chemotherapy.

What he is, though, is an information designer. He founded Kurzgesagt-In a Nutshell, one of the largest science channels on YouTube, which exists to explain complex ideas in an accessible, holistic manner. But the immune system is incredibly, ridiculously, notoriously complex. So much so that even Dettmer, who has dedicated his career to making obtuse scientific information accessible, decided that the best way to introduce immunity was in book form rather than through his online videos. And an introduction is all the book is, as he tells you repeatedly; it’s just a cursory overview of the whole intensely complicated affair. There are sporadic disclaimers like this one:

Read 7 remaining paragraphs | Comments

Europe is in the middle of a messy nuclear showdown

Europe is in the middle of a messy nuclear showdown

(credit: Felix König)

On the last day of 2021, as final preparations were being made for the New Year’s Eve firework display in central Berlin, outside the German capital another era was drawing to a close. It was the beginning of the end of Germany’s decades-long dalliance with nuclear power.

On December 31, Germany shut down three of its six remaining nuclear plants. By the end of 2022, the other three will be shut as well. Two decades after an agreement to eliminate nuclear power became law, the country’s phaseout has been dramatic. In 2002, Germany relied on nuclear power for nearly 30 percent of its electricity. Within a year, that percentage will be zero.

Read 11 remaining paragraphs | Comments

Retired FBI agent has new theory about who betrayed Anne Frank’s family to Nazis

Anne Frank in 1940. A new book, <em>The Betrayal of Anne Frank: A Cold Case Investigation</em>, by Rosemary Sullivan, claims that a retired FBI special agent and a team of investigators have solved the mystery of who betrayed the Frank family to the Nazis.

Enlarge / Anne Frank in 1940. A new book, The Betrayal of Anne Frank: A Cold Case Investigation, by Rosemary Sullivan, claims that a retired FBI special agent and a team of investigators have solved the mystery of who betrayed the Frank family to the Nazis. (credit: Public domain)

Former FBI special agent Vincent Pankoke was looking forward to a relaxing retirement hanging out at the beach when he left the agency. Instead, he was drawn into solving a famous cold case: the question of who betrayed Anne Frank and her family to the Nazis, leading to their arrest and deportation to a concentration camp. Only the father, Otto Frank, survived. To find his own answer to that question, Pankoke assembled his own crack team of dogged investigators. They spent five years poring over every bit of pertinent material, setting up an extensive online database, and developing an AI program to help them sift through it all and find new connections.

While admitting that the case is circumstantial and some reasonable doubt remains, Pankoke et al. believe the most likely culprit is a man named Arnold van den Bergh, a local Jewish leader who may have handed over lists of addresses where fellow Jews were hiding to the Nazis in order to protect his own family. The Pankoke team’s story was featured in a segment on 60 Minutes earlier this week (see video at end of post) and is covered in detail in a new book by Rosemary Sullivan, The Betrayal of Anne Frank: A Cold Case Investigation.

Millions of people have read The Diary of Anne Frank since it was first published posthumously in 1947. It has been translated into 70 languages and inspired a theatrical play and subsequent Oscar-winning 1959 film, featuring Millie Perkins in the title role. Anne Frank was born in Frankfurt, Germany, but the family fled the country and settled in Amsterdam after Adolf Hitler came to power. They didn’t flee quite far enough: the Nazi occupation of the Netherlands began in May 1940 and eventually forced the Franks (and many other Jews) into hiding.

Read 23 remaining paragraphs | Comments

A white supremacist website got hacked, airing all its dirty laundry

Patriot Front members spray painting in Springfield, Illinois.

Enlarge / Patriot Front members spray painting in Springfield, Illinois. (credit: Unicornriot.ninja)

Chat messages, images, and videos leaked from the server of a white supremacist group called the Patriot Front purport to show its leader and rank-and-file members conspiring in hate crimes, despite their claims that they were a legitimate political organization.

Patriot Front, or PF, formed in the aftermath of the 2017 Unite the Right rally, a demonstration in Charlottesville, Virginia, where one of the attendees rammed his car into a crowd of counter-protesters, killing one and injuring 35 others. PF founder Thomas Rousseau started the group after an image posted online showed the now-convicted killer, James Alex Fields, Jr., posing with members of white supremacist group Vanguard America shortly before the attack. Vanguard America soon dissolved, and Rousseau rebranded it as PF with the goal of hiding any involvement in violent acts.

Since then, PF has strived to present itself as a group of patriots who are aligned with the ideals and values of the founders who defeated the tyranny of the British in the 18th century and paved the way for the United States to be born. In announcing the formation of PF in 2017, Rousseau wrote:

Read 8 remaining paragraphs | Comments

2022 Wagoneer rocks a high-end, vast interior while guzzling hydrocarbons

The 2022 Wagoneer. Uncooperative weather forced us to rely on Stellantis media images for this review.

Enlarge / The 2022 Wagoneer. Uncooperative weather forced us to rely on Stellantis media images for this review. (credit: Stellantis)

Even as the automotive industry charts a course into a mostly electrified future, internal combustion engines still rule the roost in most segments. This includes the full-size SUV segment dominated in the US by the Chevy Tahoe and Ford Explorer. Although Jeep parent Stellantis forecasts having 40 percent of its sales come from BEVs by the end of the decade, it needs to challenge GM and Ford with its own three-row SUV: the all-new Wagoneer.

Starting at $71,845 for the base model, this is not your father’s Jeep Wagoneer. While the grille screams Jeep, that word doesn’t actually appear on this massive SUV. Instead “Wagoneer” appears in numerous spots inside and outside. And it is truly massive—the Grand Wagoneer measures a whopping 215 inches (5,461 mm) from head to tail, a couple of inches longer than the competition from GM and Ford.

To propel this beast of an SUV, Jeep has gone with a 5.7-liter V8 with eTorque (a 48 volt battery-powered motor generator designed to help with performance and fuel economy) and an eight-speed automatic transmission. Although it uses the same box-on-frame design as the Ram pickup truck, the rear-wheel-drive Wagoneer’s independent suspension gives it a much smoother ride than the Ram 1500 with its solid rear axle. The upside is nearly 10,000 pounds (4,500 kg) of towing capacity, surprisingly quick acceleration, and smooth rides on the highway. The downside of this combination of power, weight, and size? Disappointing mileage. The EPA estimates 15 mpg in the city, 20 mpg on the highway, and 17 mpg overall. Our week of late fall driving resulted in just 13.5 mpg. (This is a reminder that it’s not just EVs that lose range in cold weather.)

Read 4 remaining paragraphs | Comments

Find the soul