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Tuesday, March 4, 2014
Songs and artists in Greek EuroSong revealed
Songs and artists in Greek EuroSong revealed
Greek Researcher Discovers Second Code Hidden in DNA
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This Could Be The Time To Buy Russian Stocks
Just yesterday it seemed like Russia was ready to take military action against Ukraine in the disputed region of Crimea.
Now, Russian prime minister Vladimir Putin has said he sees 'no need' for military force in Ukraine.
Investors had already been anxious about the weakness of the ruble and the economy. The regional tensions have caused investors to flee from of the Russian stock market.
Russian stocks are down roughly 20% year-to-date.
Jacob Nell at Morgan Stanley writes that this could be a buying opportunity.
"[The] sell-off has taken the market to technically extreme oversold levels," writes Nell. "Valuation multiples have only been cheaper at the depths of the 2008 crisis (when earnings fell by 60%). And oil markets are stable in contrast to sell-offs in Russia historically. Despite the obvious hit to growth expectations implied by the crisis, any sign that tensions are beginning to de-escalate would constitute a buying opportunity."
It's important, however, to note that cheap valuations don't mean guaranteed immediate returns.
According to Meb Faber of Meb Faber Research, low valuations could not prevent Russian stocks from falling in in 2013. Faber points to the cyclically-adjusted price-earnings (CAPE) ratio, a valuation measure popularized by Nobel prize-winning economist Robert Shiller. CAPE is calculated by taking the price of an asset and dividing it by the average of ten years worth of earnings.
Generally speaking, overweighting stocks with low CAPE ratios appears to be a winning strategy in the long-term. And currently, Russia has the second lowest CAPE ratio in the world, right above Greece.
"While we may see a mild in-year recession, a weaker RUB and hence lower imports, in addition to a supportive oil price in case of increased geopolitical risks, should act as stabilizing factors," said Nell.
Again, there are no guarantees here. But for the patient investor with a lead-lined stomach, Russian stocks appear to be an interesting long-term investment opportunity.
SEE ALSO: Here Are 5 Ways The World Could Penalize Russia
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The Russian Renovatio: The Ukraine Outcome You Don't Want to Think About
In 1991, after raising her up for fifty years, calling her a "superpower" -- a title she had never held before -- in sudden victory the United States cruelly spurned its longtime Cold War helpmate and conjugal geopolitical partner. World terms had changed: We did not need her anymore. Worse yet, she was inconvenient, except in her fallen estate, to showcase our own celestial greatness. After decades of fidelity to the terms of US world primacy -- always accepting us as the senior superpower -- Mother Soviet's final act in history, in its fall and subsequent wreckage, was to exalt America's millennial seizure. History was ours now, and we brought it to a triumphal end.
So discarded, spurned, and reviled, we Americans left the Soviet Union's broken shards where they lay, on the ash heap of History: A monument to our contempt, we said, for all time.
But Holy Rossiya was still there. Not that we paid much attention in those days. We actually expected a Yeltsin Federation lap dog -- which we deigned to pat absent-mindedly from time-to-time, as in helping them take care of "loose nukes," like a nanny cleaning up an old mess. We even let them build a service module for the International Space Station (those Russians can do some things well, after all).
Yet we did not hesitate to casually diss them when it suited our sacred narrative. My vignette from Davos, 1994, is razor-etched in memory: There was Jeffrey Sachs -- for all the world, a Tom Wolfe "Master of the Universe" incarnate -- surrounded by fawning global machers and movers, all desperate to get just a little slice of face-time with a new god. And just what was the fount of his godhead? Why, it was the tough-love he was personally visiting on the former Soviet Union, the flagellant-penitentes course that would in the end, assuredly, make them all good Jeffersonian democrats.
[In retrospect, he sees things differently.]
Truth is, America not only helped Putin happen -- America guaranteed Putin. The once and future Czar was engineered by our shaming and defilement of After-Soviet Russia. Because we are such nationalist narcissists, if we ever even come to see this, we will still find a way to make it somehow all about ourselves. Thus we can chide ourselves about the perils of American Triumphalism, or scold about "blowback."
But it was never about us -- it was about them. It was about Russians. It was about how we treated a defeated idea that also happened to be a people with an identity force in history as strong as our own -- and a civilization that will never let itself be dismissed.
No single nation can, by an act of will however godlike, dismiss another's history. Our feckless gesture to do so in the 1990s only drove Russians into a deeper embrace of what they must save of their own: Historical memory whose passionate edge has been honed razor-sharp by us. What we did to After-Soviet identity may have been thoughtless. Our cruelty was surely casual, just as its course of dishonoring them was unseen by us, even as we told ourselves how we were doing them such big favors.
Put simply, the US treated Russia after 1991 exactly like the allies treated a defeated Germany after 1919, during and after the Versailles Conference. The United States helped oversee and then anointed the dismemberment of the Soviet Union, a geopolitical evisceration on a far grander scale than that visited on Germany in 1919. Much of this empire was glaringly artificial, so that the "loss" of the Baltic republics and the gaggle of "Stans" wrested from the body of Islam in Victorian times was no great loss, in the end, to Russian identity.
But Rossiya is a place in the heart: And thanks to Stalin's forced movements of peoples, it is a heart that beats in the Ukraine, Belarus, Kazakhstan, as much as in Russia. A restored realm could be a crown imperial, but it might also be a looser fraternal belonging: Yet to Russians it is still the irreducible proposition of identity.
So when you ask: What is going to happen in Ukraine? What is Russia going to do? These are not questions -- they are answers.
Russia is embarked today on its long-awaited Renovatio -- its restoration. The term renovatio is archaic, and has its origins in the old Roman Empire. In Late Antiquity, Roman universalism was several times brought down, and the empire collapsed: First in the 3rd century, and then the 5th, and then the 7th, and then the 11th centuries. Yet Rome rose again each time. The restoration and revival of Roman power and glory in all of these great crises was always rooted in Constantinople.
After the Ottoman conquest Constantinople as imperial seat, and imperial idea, migrated to Moskva -- as heir and successor. So it should come as no surprise that, like Byzantine ancestral spirits, Russians are receptive to the lure of Renovatio. Say it is in their blood, archaically, but everything in the world today is about archaic sources of identity -- because they drive identity. And identity drives everything.
Russia has also had its share of celebrated, glorious Renovatios: Like throwing off the Mongol yoke; like the renewal engineered by Peter the Great, bringing Muscovy into Europe and remaking it as "Russia"; like the Soviets themselves, bringing Rossiya back from the absolute ruin of World War I and then World War II to become, for the first time, the titular equal of the reigning world power -- the United States of America.
So what we are watching unfold before us is surely the hoped-for beginning of yet another Russian Renovatio -- and not just a dictator fantasy, but rather a collective desire -- "The Body" is being restored.
What will the restoration look like -- and how will it proceed?
Belarus and Kazakhstan were easy, and it is all done now. What is useful is how these parts of Rossiya were reunited without a surface transgression of cherished international legal fiction. Reunification does not necessarily require conquest. The re-absorption of Belarus and Kazakhstan into the orbit of Russian identity speaks to a real sophistication. A looser fraternity can be just as satisfying and just as final, as forcing everyone to wear the same color on a map.
But Ukraine is not so easy.
Before 1800, the Ukraine was a contested region, with a substantial part in the West substantially integrated as a part of Poland since the 15th century, and then part of Austria (post 1772). In fact, Western Ukraine was again Polish from 1921 to 1939.
It is cruelly, wonderfully true that the Ukraine of yore was perhaps humanity's most fertile, violent, shatterbelt border region, richest in myth and lore for all the fights and songs of fights which for hundreds of years, between Cossacks and Ottomans, Khanate fighters and Russians and bandits and ...
This is the place the Russians finally tamed, but never conquered. Romanovs simply incorporated it, but Soviets had to be smarter, and also crueler. Their ideology demanded that they at least genuflect to the ideal of identity and self-rule, but Ukraine still had to be punished for its role in the civil war -- to the tune of millions starved under Stalin. Yet was not the entire Soviet Union a constantly contradictory and destructive ideal of revolutionary Modernity?
But Stalin made a mistake in 1945. In the wake of final victory he insisted that Belarus and Ukraine be given seats in the United Nations General Assembly. Or was it such an error? You could argue that legitimating Ukraine and Belarus as independent states worthy of UN recognition was something of a triumph for the USSR. Here was the UN telling the world that the Soviet experiment was indeed a model of both self-determination and subsidiarity (a word not yet invented).
But such cold calculations then have surely backfired now.
The Soviets committed to a Ukraine whose borders were internationally inviolate. To revise that international determination requires a new legal construct for: 1-Ukraine as an independent nation, 2-Its relationship to Russia as a fraternal state.
What Putin is doing -- and to a great extent, has already done -- is to tear down the last shred of legitimate authority of the former Soviet Republic of Ukraine. Putin is saying: There are new terms, some de novo, and some hallowed in History.
But what will those new terms look like? What are Putin's options? What is his best path? What are his limits? How far can he go before he risks self-inflicted defeat?
The future of Ukraine -- or for Russia, The Ukraine -- comes down to three options:
1-Ukraine as Kazakhstan and Belarus -- Call Ukraine the last franchise of Russia, which is to say, something not so different from Stalin's offering to the UN: Russia and its sister republics. Here Putin could even give back titular control of Crimea, so that Ukraine might appear un-violated and still independent. This is Russia's best outcome -- an unruffled restoration. Save for one problem: What if Ukraine fights?
2-A battle that goes Russia's way -- Ukrainian resistance will force people to choose between Russia and Ukraine. Like the 1930s (in Central Europe) the West will not intervene. Russia will offer something of a solution. It will be called Ukrainian federalism, and will involve perhaps four semi-autonomous regions: Crimea, Russian-speaking Eastern Ukraine, Middle Ukraine (including Kiev), and Western Ukraine. Check out the language maps to see how this might be parsed.
3-A bolt by far-western Ukraine to Poland -- Here you must look at the most revealing language map. See that the most linguistically loyal Ukrainians were actually part of Poland from 1921-1939, and before that part of either Poland or Austria for 500 years. This Ukrainian Greek Catholic bastion also represents the purest electoral commitment to a non-Russian Ukrainian consciousness: Because there is a Polish option. Remember, Poland and Lithuania were once joined as a federation, both separate and yet together. How about a modern-day Polish-Ukrainian equivalent?
This is no exercise in misplaced nostalgia -- because all the underpinning identity -- alignments are still in place. Moreover, from Putin's vantage, cutting off Western Ukraine rids him of the most troublesome obstacle to a bigger renovatio -- and his place as Once and Future Czar of all the Russians.
These West-most Ukrainians are the purest of the pure. They are the heart of what we have seen these past passionate and heroically bloody weeks. They are also obdurate and ready to die in resistance to Russia. I would wager that Putin wants nothing to do with this Catholic Ukrainian, Western spirit, and equally, would be all too happy to discard this small -- but fervent -- piece of Ukraine, if in exchange he might reclaim the whole of Russia itself.
But consider the downsides to this outcome. Far-western Ukraine joining up with Poland would tie the Poles to its defense. Poland is the strongest army in Europe, and well poised to defend Far-Western Ukraine against a rather ramshackle Russian Army. But absent authoritative American involvement, this would mean a face off for the future between Poland and Russia -- the stuff of centuries of conflict. Actors in Eastern Europe -- 75 years after -- would again be driving European politics -- and American national security itself.
Such an outcome, with Putin marshaling a realm again of 200 millions, would mean pulling off the impossible, even the unbelievable: A Russian Renovatio.
[There is always hope. Tikhon Dzyadko teases us with the tragicomedy of Russia's high command -- Putin too -- flying blind into a strategic peat bog. Remember though: Hope is not a strategy, and hope never writes history]Venues ban Greek formals
Quotes from voters in this week's Associated Press Global Football 10
LONDON (AP) — Richard Jolly, ESPN, England
"Manchester City made off with the first silverware of the season and promptly set their sights on a quadruple. When they score goals as good as those Yaya Toure and Samir Nasri struck against Sunderland, anything seems possible."
Chris Tait, The Herald, Scotland
"Bayern Munich were so dominant against FC Schalke that their match was over by halftime. That gave Arjen Robben plenty of time to complete his hat trick after the break."
Marco Monteverde, News Corp Australia
"Carlo Ancelotti's men were magnificent in thrashing Schalke 6-1 away from home in the Champions League before grabbing a vital equalizer in the Madrid derby to stay in front in the battle for La Liga."
Aurelio Capaldi, RAI Sport, Italy
"Juventus are closer to their third Italian Serie A title in a row after beating AC Milan at the San Siro. It was impressive the way Carlos Tevez played this game: he was everywhere, showing a real fighting spirit, working hard for the team and scoring an amazing goal."
Tom Timmermann, St. Louis Post Dispatch, United States
"Bayern and Real both showed they are head and shoulders above the field, even if Real could only get a tie in its derby with Atletico Madrid."
James Porteous, South China Morning Post
"There were hat tricks for Andre Schuerrle for Chelsea, Salomon Kalou for Lille and Arjen Robben for Bayern, but I think I'll pick Luis Suarez for player of the week because of his eye catching return to goalscoring form with his 100th Premier League goal."
Mark Rodden, Eurosport, France
"Ronaldo delivered in the big game, rifling home an equalizer that keeps Real Madrid top of the pile in Spain. It was goal number 45 for club and country this season."
Tito Puccetti, ESPN, Argentina
"The Manchester City engineer Pellegrini shows that not only South American players are able to succeed in Europe, but also the organization and leadership of this part of the world may be imposed at the highest level."
Sam Tighe, Bleacher Report, United States
"Liverpool put in an extremely impressive showing at St. Mary's Stadium on Saturday to dismantle a bedraggled Southampton side. Luis Suarez and Daniel Sturridge terrorized throughout."
Julian Bennetts, Hayters news agency, England
"Borussia Dortmund gave themselves a superb chance of reaching the last eight in the Champions League after winning 4-2 at Zenit, while Stoke stunned Arsenal and Liverpool gave their title chase a boost with a win at Southampton."
Manos Staramopoulos, Eleftheros Typos, Greece
"The Uruguayan international striker (Luis Suarez) creates, performs and leads his team higher and higher."
News Topics: Sports, Men's soccer, Men's sports, Professional soccer, SoccerPeople, Places and Companies: Yaya Toure, Samir Nasri, Carlo Ancelotti, Carlos Tevez, Andre Schurrle, Salomon Kalou, Luis Suarez, Daniel Sturridge, News Corporation, Manchester, United Kingdom, Spain, Madrid, Southampton, England, Western Europe, Europe
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Silvio Berlusconi's request to leave Italy for Dublin conference denied
Court rejects request by Italy's former prime minister, whose passport was confiscated after tax fraud conviction
A Milan court has rejected a request by the former prime minister, Silvio Berlusconi, whose passport was confiscated after his conviction for tax fraud, to leave Italy to attend a conference in Ireland, judicial sources said
Berlusconi, leader of the centre-right Forza Italia party, wanted to attend the European People's Party conference in Dublin on 6-7 March. But he cannot travel abroad unless he is granted a temporary permit by judges.
Berlusconi was stripped of his passport last year, when he was convicted of tax fraud and sentenced to four years in prison, which was commuted to a year under house arrest or in community service. He was also banned from parliament.
Berlusconi, who accuses magistrates of waging a politically-motivated campaign against him, has denied wrongdoing as well as suggestions that he might flee abroad.
Last December, he made a legal bid to reclaim his passport by arguing that the travel ban violated Europe's Schengen agreement on the free movement of citizens. The court rejected that argument.
One of his most outspoken allies, Daniela Santanchè, called the Milan court's decision on Tuesday "a disgrace". "Certain judges continue to engage in politics," she said.
Berlusconi was forced to quit as prime minister in November 2011, as Italy teetered on the brink of a Greek-style debt crisis.
Silvio BerlusconiItalyIrelandtheguardian.com © 2014 Guardian News and Media Limited or its affiliated companies. All rights reserved. | Use of this content is subject to our Terms & Conditions | More FeedsGauging Political Threats to Greece's Recovery
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Fan Violence Spoiled Greek Soccer
Eleven people were arrested for unruly behavior and violence before, during and after Panathinaikos' 3-0 victory over Olympiakos in Greek soccer play.
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Greek NY Policeman Saves Baby’s Life, Honored by Mayor
NEW YORK – Michael Konatsotis and his partner, David Roussine, were commended by New York City Mayor Bill de Blasio for saving the life of 15 month-old Norah Schechter on Manhattan’s Upper East Side on March 1, Newsday reported. They are the “epitome of what public servants are meant to be,” the mayor said of […]
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Sfakia in Crete: Natural, Wild, and Rugged Beauty
In Chora Sfakion, the harbor village and capitol of the very wild and rugged area of Crete known as Sfakia, time passes slowly and is marked by the arrivals and departures of a majestic ferry boat named Daskalogiannis. Located South of Chania, Sfakia is one of the most barren and rugged areas of Crete. It […]
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Eight Greek-Americans on Forbes 400
NEW YORK – Eight Greek-Americas, led by John Paul DeJoria with a net worth of $4 billion and John Catsimatidis at $3.1 billion, are on the 2014 Forbes 400 – The Richest People in America list that is topped by Bill Gates. A $72 billion, Gates reclaimed the top spot from Mexico’s Carlos Slim. Warren […]
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Greek Flu Deaths Rise to 70
Amid criticism about health care cutbacks during a crushing economic crisis, the number of fatalities attributed to the flu this season in Greece has hit 70.
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Ancient Virus 'Resurrected' From 30,000-Year-Old Ice In Siberia
In what seems like a plot straight out of a low-budget science-fiction film, scientists have revived a giant virus that was buried in Siberian ice for 30,000 years — and it is still infectious. Its targets, fortunately, are amoebae, but the researchers suggest that as Earth's ice melts, this could trigger the return of other ancient viruses, with potential risks for human health.
The newly thawed virus is the biggest one ever found. At 1.5 micrometres long, it is comparable in size to a small bacterium. Evolutionary biologists Jean-Michel Claverie and Chantal Abergel, the husband-and-wife team at Aix-Marseille University in France who led the work, named it Pithovirus sibericum, inspired by the Greek word 'pithos' for the large container used by the ancient Greeks to store wine and food. “We’re French, so we had to put wine in the story,” says Claverie. The results are published in Proceedings of the National Academy of Sciences.
Claverie and Abergel have helped to discover other so-called giant viruses — including the first, called Mimivirus, in 2003, and two others, known as Pandoraviruses, last year (see 'Giant viruses open Pandora's box'). “Once again, this group has opened our eyes to the enormous diversity that exists in giant viruses,” says Curtis Suttle, a virologist at the University of British Columbia in Vancouver, Canada, who was not involved in the work.
Two years ago, Claverie and Abergel's team learned that scientists in Russia had resurrected an ancient plant from fruits buried in 30,000-year-old Siberian permafrost. “If it was possible to revive a plant, I wondered if it was possible to revive a virus,” says Claverie. Using permafrost samples provided by the Russian team, they fished for giant viruses by using amoebae — the typical targets of these pathogens — as bait. The amoebae started dying, and the team found giant-virus particles inside them.
Under a microscope, Pithovirus appears as a thick-walled oval with an opening at one end, much like the Pandoraviruses. But despite their similar shapes, Abergel notes that “they are totally different viruses”.
Surprising properties
Pithovirus has a ‘cork’ with a honeycomb structure capping its opening (see electron-microscope image). It copies itself by building replication ‘factories’ in its host’s cytoplasm, rather than by taking over the nucleus, as most viruses do. Only one-third of its proteins bear any similarity to those of other viruses. And, to the team’s surprise, its genome is much smaller than those of the Pandoraviruses, despite its larger size.
“That huge particle is basically empty,” says Claverie. “We thought it was a property of viruses that they pack DNA extremely tightly into the smallest particle possible, but this guy is 150 times less compacted than any bacteriophage [viruses that infect bacteria]. We don’t understand anything anymore!”
Although giant viruses almost always target amoebae, Christelle Desnues, a virologist at the French National Centre for Scientific Research in Marseilles, last year discovered5 signs that another giant virus, Marseillevirus, had infected an 11-month-old boy. He had been hospitalized with inflamed lymph nodes, and Desnues's team discovered traces of Marseillevirus DNA in his blood, and the virus itself in the a node. “It is clear that giant viruses cannot be seen as stand-alone freaks of nature,” she says. “They constitute an integral part of the virosphere with implications in diversity, evolution and even human health.”
Claverie and Abergel are concerned that rising global temperatures, along with mining and drilling operations in the Arctic, could thaw out many more ancient viruses that are still infectious and that could conceivably pose a threat to human health.
But Suttle points out that people already inhale thousands of viruses every day, and swallow billions whenever they swim in the sea. The idea that melting ice would release harmful viruses, and that those viruses would circulate extensively enough to affect human health, “stretches scientific rationality to the breaking point”, he says. “I would be much more concerned about the hundreds of millions of people who will be displaced by rising sea levels.”
This story originally appeared in Nature News.
Long-Term Drought Doomed Indus Valley Civilization, Researchers Say
The decline of Bronze-Age civilizations in Egypt, Greece and Mesopotamia has been attributed to a long-term drought that began around 2000 bc.
Now palaeoclimatologists propose that a similar fate was followed by the enigmatic Indus Valley Civilization, at about the same time. Based on isotope data from the sediment of an ancient lake, the researchers suggest that the monsoon cycle, which is vital to the livelihood of all of South Asia, essentially stopped there for as long as two centuries.
The Indus Valley, in present Pakistan and northwest India, was home to a civilization also known as the Harappan Civilization. It was characterized by large, well-planned cities with advanced municipal sanitation systems and a script that has never been deciphered. But the Harappans seemed to slowly lose their urban cohesion, and their cities were gradually abandoned.
The link between this gradual decline and climate has been tenuous because of a dearth of climate records from the region. So Yama Dixit, a palaeoclimatologist at the University of Cambridge, UK, and her colleagues examined sediments from Kotla Dahar, an ancient lake near the northeastern edge of the Indus Valley area in Haryana, India, that still seasonally floods.
The team assigned ages to sediment layers using radiocarbon dating of organic matter. In various layers, they collected the preserved shells of tiny lake snails (Melanoides tuberculata), which are made of a form of calcium carbonate (CaCO3) called aragonite. The team also looked at the oxygen in the argonite molecules, counting the ratio of the rare oxygen-18 isotope to the more prevalent oxygen-16.
Two-hundred-year hiatus
Kotla Dahar is a closed basin, filled only by rain and runoff and without outlets. Thus precipitation and evaporation alone determine its water volume. During drought, oxygen-16, which is lighter than oxygen-18, evaporates faster, so that the remaining water in the lake and, consequently, the snails' shells, become enriched with oxygen-18. The team's reconstruction showed a spike in the relative amount of oxygen-18 between 4,200 and 4,000 years ago. This suggests that precipitation dramatically decreased during that time. Moreover, their data suggests that the regular summer monsoons stopped for some 200 years.
The result, reported last week in Geology, supports the idea that monsoon failure led to the civilization’s decline, although David Hodell, a co-author of the study and a palaeoclimatologist also at the University of Cambridge, hastens to add that uncertainties in the shell and archaeological records mean that the dates could be off by some 100 years in either direction.
Anil Gupta, the director of the Wadia Institute of Himalayan Geology in Dehradun, India, says that the work fills a gap in the geographic record of ancient droughts. But large questions remain. “What drove this climate change 4,100 years ago? We don’t see major changes in the North Atlantic or in the solar activity at that time.”
Recently, another team, led by palaeoclimatologist Sushma Prasad of the German Research Centre for Geoscience in Potsdam, Germany, did a similar analysis on a sediment core from Lonar Lake in central India. They found that in that area, drought began as many as 4,600 years ago. But the results are consistent with those of Dixit’s group, Prasad says. “We see a drying event starting earlier, but at about 4,200 years ago it became very intense.”
If a lack of monsoons did spell the end of the Indus Valley civilization, says Hodell, “it is an example — and there are other examples of this — of how ancient societies have had to contend with climate. There are some lessons for us and our future, in which we will have to deal with anthropogenic climate change”.
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Greek Pharmacists Fight Supermarket Sales
Greek pharmacists are considering strikes and other actions to protest plans that would let supermarkets sell non-prescription drugs.
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