Psychology & Psychiatry

The lottery: You're (very likely) not going to win, so why play?

Sixty years ago last week, New Hampshire became the first U.S. state to allow a government-run lottery following a nationwide ban of lotteries in 1895. Why did Americans grow to disfavor the lottery then? Moreover, considering ...

Other

US pharmacy chain Rite Aid files for bankruptcy

US pharmacy chain Rite Aid filed for bankruptcy Sunday, the company said, after suffering declining sales and legal threats over its alleged involvement in the opioid crisis.

Medical economics

Local authority austerity associated with poor health

Local government spending cuts are associated with worse multimorbidity and health-related quality of life according to a study by University of Manchester health economists.

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Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

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