Should the caption of this photo be: "I'm a fox and I vote" or "I'm a fur and I vote?"
https://apnews.com/photo-gallery/andy-burnham-s-resounding-win-special-election-britain-photos-7…
TIL: There’s a town in the U.P. of Michigan named “Felch.”
I have no comment on this novel (to me) fact. @… https://m.ai6yr.org/@nwstornado_bot/11
Omarion Hampton on 2nd Touchdown In 2 Games: "It Felt Good" https://www.chargers.com/video/omarion-hampton-media-availability-raider-week-2-2026
I hope Andy Burn 'em has some advisor who actually reads Environmental Research Letters. The review essay by Emily Grubert, summarizing a frustrating 25 years of research with no apparent effect on climate overheating, is blunt.
" For people and places that rely on fossil fuel production and face major transition challenges (Xenarios et al 2026), failing to be explicit about the degree to which transition must proceed, or the extent to which alternatives might actually be ava…
Buccaneers great Lavonte David: 'Maybe I should’ve waited' to retire to play with Rueben Bain https://www.nfl.com/news/buccaneers-great-lavonte-david-maybe-i-should-ve-waited-to-retire-to-play-with-rueben-bain…
FIling: Lone Palm Labs, the startup behind friend-focused photo sharing app Retro, raised a $21M Series A from Thrive Capital and others (Sydney Bradley/Business Insider)
https://www.businessinsider.com/alternative-social-media-ap…
Judging by number of Danes on this #dfds passenger ferry, it is surely time for a reopening of the Esbjerg ferry to UK to facilitate #FlyingLess? - especially as people seek cooler climates for summer holidays, rather than warm ones
Herding and Liquidity in Order-Book Markets. II. Fundamental Anchoring and the Resilience of Liquidity
Jan Novotny
https://arxiv.org/abs/2607.16970 https://arxiv.org/pdf/2607.16970 https://arxiv.org/html/2607.16970
arXiv:2607.16970v1 Announce Type: new
Abstract: An order-book market whose liquidity provision is anchored to a fundamental value carries a restoring force: the price mean-reverts to value and the book refills after a shock. We show this restoring force is a robust intrinsic stabiliser and identify it causally-dialling the anchor down removes the mean-reversion, and a leverage-driven fire-sale then self-sustains. Separately, we ask whether a stressed market transmits its liquidity stress to a coupled calmer one, and find that it cannot: across six transmission channels of increasing strength-cross-market herding, arbitrage flow, and market-maker withdrawal up to a funding-constrained population fire-sale and a leverage spiral-the receiver's stress is independent of whether its neighbour is stressed, at every anchor strength. Market-maker withdrawal thins the receiving book but does not ignite it. Our order parameter throughout is the one-sidedness of the book-liquidity stress rather than a directional price crash-so a liquidity crisis here means the sustained one-sidedness a failing anchor produces. A liquidity crisis in this model is a failure of fundamental anchoring, not of market making.
toXiv_bot_toot
Who are you comparing yourself to?
In the latest episode of the podcast, I explore why we compare ourselves to others at work, and what to do when those comparisons leave us feeling worse rather than better.
You can find Ep 219 of 'My Pocket Psych' wherever you get your podcasts or stream it direct from https://www.workl…