78 RPM: The Record That Revolutionized Music Before Vinyl Even Existed

Reading time: 8 minutes

Before 33s, before 45s, and long before Spotify playlists, music moved at a speed most people today have never experienced: 78 revolutions per minute. These shellac discs weren’t just early records — they were time machines, cultural capsules, and experiments in sound. Place a needle on one, and you’re instantly connected to a world over a century old: jazz spilling out of a New Orleans club, blues echoing from a Mississippi porch, classical orchestras captured in studios that smelled of wood, varnish, and ambition. 

Most music listeners today assume vinyl starts at 33 or 45 RPM. Few realize that for decades, 78s were the format that defined recorded music, shaping how songs were written, performed, and even how we perceive rhythm and melody. Though they were eventually replaced by longer-playing, more convenient formats, 78s left a legacy that still pulses in collectors’ crates, DJs’ loops, and archival vaults. 

The Speed That Defined an Era 

The story of 78 RPM begins with engineering necessity. In the early 20th century, phonographs were mechanical marvels, and shellac discs became their natural companion. Heavier and more brittle than modern vinyl, these discs required a rotational speed that balanced mechanical stability with audio fidelity. 78 revolutions per minute emerged as the practical standard. 

In truth, “78” wasn’t always precise. Early records spun anywhere between 70 and 90 RPM depending on the manufacturer or motor. It took time, industrial consensus, and international standardization to settle on 78 as the global norm. 

The speed shaped more than just playback — it influenced composition. With only three to five minutes per side, musicians had to convey emotion, narrative, and musical complexity within tight temporal confines. Jazz improvisations were sharpened, blues storytelling distilled, and early pop songs meticulously structured. In a sense, the 78 RPM record didn’t merely capture music — it taught music how to exist

Shellac, Sound, and the Magic of Imperfection 

Vinyl enthusiasts often speak of warmth, but 78s possess a different kind of sonic magic. Shellac, the brittle resin used in these discs, produces a crisp, raw sound rich with harmonic textures and subtle distortions. Every pop, click, and crackle is more than noise — it is character, history, and memory embedded in grooves

Under a microscope, a 78’s groove twists like a miniature landscape, encoding vibrations that a needle transforms into audible emotion. Unlike modern vinyl, which strives for uniformity, shellac records bear the fingerprint of the craftsman, the whims of the pressing plant, and even minor environmental changes like temperature and humidity. Playing a 78 is hearing music through the lens of its creation

Digital reproductions often flatten this experience. Even high-quality vinyl reissues cannot replicate the unpredictable textures, the tiny inconsistencies, and the tactile intimacy of a shellac pressing. A 78 is more than a recording — it is a mechanical performance frozen in time, waiting for a needle to breathe it back to life. 

Cultural Pulse: 78s Around the World 

78 RPM records were not only technological achievements — they were vehicles of cultural exchange. Jazz leaped from New Orleans to Paris. Blues traveled from the Mississippi Delta to London parlors. Folk songs crossed oceans and continents. 

The format’s limitations — brevity, fragility, and speed — shaped the music itself. Artists learned to tell stories quickly, to craft hooks that lingered after mere minutes. Many songs we consider timeless were written to fit the mechanical boundaries of a machine. Without 78s, the architecture of modern pop, jazz, and blues might be fundamentally different. 

Collectors and DJs today prize these discs for rarity and texture. Test pressings and private editions, often never reissued, offer glimpses of performances long forgotten. Modern musicians and experimental sound artists sample 78s for loops, textures, and crackles that are impossible to generate digitally. In these grooves, the past meets the present in ways that are both sonically rich and culturally profound

Revival and Preservation 

Despite their decline after the mid-20th century, 78s have experienced a quiet renaissance. Archivists, collectors, and experimental musicians recognize them not as obsolete relics, but as living artifacts

Audiophiles chase the shellac’s signature sound. DJs and sound designers exploit the harmonic richness and crackle for texture. Archivists study stylus sizes, playback speeds, and groove geometries to digitize recordings with scientific precision, preserving sonic history with astonishing accuracy

Playing a 78 today is almost ritualistic. Each disc demands careful handling, meticulous cleaning, and precise playback speed. Minor deviations in pressure or RPM can alter pitch, tone, and timbre. In a digital age of effortless streaming, the 78 reminds us that presence, patience, and touch are part of the musical experience. 

Hidden Stories in Dead Wax 

Beyond the music, 78s carry secrets in the dead wax — the area near the label. Engineers and pressing plants etched matrix numbers, signatures, or cryptic messages, often unnoticed by casual listeners. These micro-details transform each disc into a narrative object, a conversation across decades

Listening to a 78 becomes a multi-layered experience: the music itself, the physical artifact, the hidden inscriptions, and the echo of human hands that shaped it all. It is auditory archaeology, where every crackle and pop carries historical context. 

Why 78s Still Matter 

78 RPM records are more than nostalgia — they are lessons in creativity under constraint, artifacts of global culture, and experiments in the interplay of technology and artistry. They challenge modern musicians and listeners to remember that limitations can foster genius, that fragility can convey intimacy, and that the tactile, mechanical world still has a place in the age of digital perfection. 

Holding a 78 is an encounter with history, science, and art all at once. The grooves spin stories of a world that is gone but echoes in every note. In that fragile, spinning disc, music is alive in a way that no stream, download, or even modern vinyl pressing can replicate

Conclusion: Spinning Time 

So, the next time you see a 78, slow down. Place the needle carefully. Listen not just to the notes, but to the echoes of time: the hum of early engineering, the resonance of human hands, the fleeting perfection of a performance captured in a fragile shellac disc. 78 RPM may have been replaced by more convenient formats, but its spirit endures — crackling, raw, and utterly alive

To play a 78 is not just to hear music. It is to spin history, touch culture, and feel the heartbeat of an era that still pulses beneath the grooves. 

Sources: This article was written based on the author’s personal knowledge and passion for vinyl records, drawing from years of independent learning and experience, rather than specific external sources.

Teresa Catita

Editor and Writer

The Challenge of Renewables in the Energy Market 

Reading time: 8 minutes

Last month, the entire Iberian Peninsula experienced a surreal moment: a day without electricity, cut off from the rest of the world. Videos of the blackout quickly made the rounds online—many lighthearted and humorous—showing people taking to the streets, enjoying the unexpected break from technology, and drinking beers before the refrigerators got warm. 

But the event also sparked widespread speculation about its cause, which still remains uncertain. Among the many theories—though unconfirmed—one pointed to a largely overlooked issue: not the energy transition itself, but a specific and often neglected aspect of it—the non-dispatchability of renewable energy sources, and the challenges this creates for the entire energy market. 

Renewables and energy price volatility 

Renewable energy sources offer more than just an environmentally friendly alternative to fossil fuels. They also have the potential to enhance price stability in the electricity market. While fossil fuels are exposed to the volatility of international markets—often affected by geopolitical tensions, conflicts, or supply disruptions (such as the OPEC oil crises or the recent cuts in Russian gas exports)—renewables are locally produced and less susceptible to these external shocks. 

By diversifying the energy mix and reducing reliance on any single energy source, renewables help lower wholesale electricity prices, as shown by Cevik and Ninomiya (2023). But the benefits go beyond price levels: the increasing share of renewables in electricity production also reduces overall price volatility. In particular, it limits the extent to which spikes in fossil fuel prices—like those caused by sudden shortages or political tensions—can affect the broader energy market. This makes energy systems not only greener, but also more resilient and economically stable (Forrest and MacGill, 2013). 

The Role of Wind and Solar in Price Volatility 

Not all renewable energy sources are equal when it comes to price stability. It’s important to distinguish between dispatchable renewables—those whose output can be controlled, like hydroelectric power—and non-dispatchable or intermittent sources, such as wind and solar. To illustrate this, imagine a hydroelectric plant versus a wind farm. In a hydro plant, operators can regulate electricity production by controlling water flow. While it’s not completely immune to weather patterns, its output is largely predictable and controllable. 

Wind and solar energy, on the other hand, depend on weather conditions that are neither constant nor controllable. While forecasting technologies have improved, operators still cannot control when the wind blows or the sun shines. This unpredictability introduces greater volatility into the electricity market. 

Mohan et al. (2020) describe a phenomenon known as the “volatility cliff.” As the share of intermittent renewables increases, price volatility tends to rise. But beyond a certain threshold—what they call the cliff—this volatility can accelerate dramatically, leading to severe price swings and instability in electricity markets. This highlights the need to consider not just how much renewable energy we produce, but also what types and how they are integrated into the energy system. 

Figure 1 – Germsolar Thermasolar Plant in Andalusia, source Westend61 

Some Data on Spain and Portugal 

Looking at the Iberian Peninsula, Spain and Portugal form what is often referred to as an “energy island,” with relatively limited electrical interconnection to the rest of Europe. In 2024, wind and solar accounted for nearly 50% of the electricity mix in both countries, while renewables overall exceeded 60%. This is undoubtedly a significant achievement and a source of pride for the Iberian nations. However, such a high share of intermittent renewables also brings challenges. 

The first issue, as mentioned earlier, is volatility. Just two days after the well-known blackout, on April 30th, Spain’s electricity price jumped from €5.79/MWh to €31.83/MWh in a single day. Although Spanish prices have experienced sharper fluctuations in absolute terms in the past, this still represents an increase of over 450%—a reminder of the market’s sensitivity. 

The second issue is the mismatch between energy supply and demand, a challenge that is becoming more frequent with the growth of intermittent renewables. In 2024, Spain recorded 247 hours of negative electricity prices; Portugal, 196. Negative prices mean that producers are willing to pay to offload excess electricity they cannot store or use. As the share of wind and solar continues to rise, such episodes are likely to become more common. 

While this may seem like good news for consumers, in reality, it poses a serious problem for energy producers and investors. Uncertainty in revenues and the risk of selling electricity at a loss can deter investments in new renewable projects, paradoxically slowing down the green transition and the path toward decarbonization. 

Figure 2 – Energy Mix of Spain and Portugal, elaboration from Ember 

The Challenges 

These reflections lead us to consider the broader challenges that renewable energy brings to the energy sector—challenges that call for systemic reforms and improvements. 

First and foremost, as the share of renewables in the energy mix increases, it is crucial to simultaneously invest in energy storage technologies and grid-scale storage systems. These systems can help absorb excess electricity during periods of high renewable production and release it when production drops, directly addressing the problem of intermittency. However, such infrastructure is still expensive and complex to implement on a large scale. 

Second, a more integrated and interconnected European electricity grid is necessary. Enhanced cross-border interconnections would allow surplus energy from one country to be exported to another where it is needed, making the overall system more efficient, resilient, and less prone to localized imbalances. 

Third, we need to rethink and update the regulation of electricity market bidding systems. Current rules were designed for a fossil-fuel-dominated system and are increasingly unfit for a market where the marginal cost of renewable generation is often close to zero. Without reform, the current pricing mechanisms could undermine the profitability and long-term sustainability of renewable investments. 

The Delicate Balance of Decarbonization 

The challenge of decarbonization is a delicate one. A massive investment in renewable energy is not, in itself, a silver bullet—and, paradoxically, it can even become counterproductive if not accompanied by a broader reform of the entire energy system. A successful energy transition is not just about installing more solar panels or wind turbines; it’s about designing a system in which these technologies can function efficiently, sustainably, and reliably over time. 

The success of any well-intentioned initiative depends not only on its technical merits but also on its ability to remain attractive and sustainable over time. For renewable energy to remain appealing—not only to consumers but also to investors—it must offer price reductions, price stability, and long-term reliability. Maintaining this attractiveness requires thoughtful policy design, targeted incentives, and a regulatory framework that keeps pace with technological evolution and market dynamics. 


Sources: Aurora Energy Research, El Economista, Ember, Financial Times, …

Veronica Guerra 

Editor and Writer

US Aid Cuts Jeopardize Global HIV Prevention Efforts

Reading time: 3 minutes

In early 2025, the Trump administration implemented significant cuts to U.S. funding for HIV prevention programs, both domestically and internationally. These reductions have raised alarms among global health experts, who warn of potential setbacks in the fight against HIV/AIDS.

Impact on Global HIV Prevention

The U.S. President’s Emergency Plan for AIDS Relief (PEPFAR) has been a cornerstone in the global response to HIV/AIDS, providing two-thirds of international financing for HIV prevention in low- and middle-income countries. Since its inception in 2003, PEPFAR has saved over 26 million lives by investing in critical HIV prevention, treatment, care, and support programs across 55 countries.

However, a 90-day pause in U.S. foreign development assistance, initiated on January 20, 2025, disrupted these efforts. Although a waiver was issued to allow the continuation of life-saving humanitarian assistance, including HIV treatment, the pause created confusion and disrupted services at the community level. In Ethiopia, for instance, 5,000 public health worker contracts and 10,000 data clerk positions, crucial for HIV program implementation, were terminated.

The Global HIV Prevention Coalition warns that if U.S. funding is not restored, there could be an additional 8.7 million new HIV infections among adults, 350,000 among children, 6.3 million AIDS-related deaths, and 3.4 million additional AIDS orphans by the end of 2029.

Domestic Consequences

Domestically, the Centers for Disease Control and Prevention (CDC) has faced significant budget cuts, particularly in its Division of HIV Prevention. An analysis by amfAR indicates that increased funding to this division was associated with a nearly 20% reduction in new HIV infections across the U.S. between 2010 and 2022.

The proposed cuts threaten to reverse this progress. The CDC’s HIV prevention funding, which totaled about $1 billion in FY2024, supports state and local jurisdictions in conducting health surveillance and targeting communities effectively. Reductions in this funding could lead to increased HIV incidence, with negative implications for individual well-being, public health, and healthcare costs.

Organizational Restructuring and Layoffs

The administration’s broader restructuring efforts have also impacted HIV prevention. The CDC is undergoing a major reorganization, with several divisions, including those focused on HIV, set to become part of a new entity, the Administration for a Healthy America (AHA). This move follows significant downsizing, with the CDC workforce reduced by 3,500 to 4,000 through early retirements and layoffs.

Additionally, the Presidential Advisory Council on HIV/AIDS (PACHA) is being overhauled, with all members removed and no timeline provided for appointing new ones. These changes have raised concerns about the continuity and effectiveness of U.S. HIV policy.

Global Health Community’s Response

The global health community has expressed deep concern over these developments. UNAIDS Deputy Executive Director Christine Stegling emphasized that while treatment continuation is vital, prevention efforts are equally crucial to controlling the epidemic. She highlighted that the funding pause has led to the closure of many drop-in health centers and the termination of outreach workers’ contracts, depriving vulnerable groups of support.

The World Health Organization (WHO) also warned that prolonged funding cuts could reverse decades of progress, potentially taking the world back to the 1980s and 1990s when millions died of HIV each year globally.

Conclusion

The U.S. has played a pivotal role in global HIV prevention efforts. The recent funding cuts and organizational changes threaten to undermine years of progress, both domestically and internationally. Restoring and maintaining robust support for HIV prevention is essential to prevent a resurgence of the epidemic and to continue the global fight against HIV/AIDS.

Sources

https://www.reuters.com/business/healthcare-pharmaceuticals/trump-administration-plans-remove-all-members-hiv-advisory-council-2025-04-09

https://www.them.us/story/pepfar-hiv-aids-africa-marco-rubio-donald-trump

https://apnews.com/article/cdc-hiv-administration-for-a-healthy-america-8309109b91e6e4025878f335ea15dc96

https://www.ungeneva.org/en/news-media/news/2025/01/102724/unaids-welcomes-us-decision-keep-funding-life-saving-hiv-treatment

Afonso Freitas

Research Editor &Writer

The Economics of Mindfulness: Why Wellbeing Is a Business Case

Reading Time: 5 minutes

Reframing Wellbeing in the Modern Workplace 

As the nature of work becomes increasingly complex, digital, and fast-paced, employee wellbeing has emerged as a critical driver of organizational success. Far from being a peripheral HR topic, psychological wellbeing directly impacts core business outcomes – from productivity and innovation to turnover and engagement. The notion that investing in wellbeing is costly or optional is increasingly contradicted by empirical evidence showing that it is, in fact, a smart economic decision. 

Workplaces where employees report higher levels of subjective wellbeing – particularly job satisfaction – demonstrate significantly better performance outcomes, including labor productivity, output quality, and profitability. These relationships persist even when controlling for other HR policies, highlighting wellbeing as a distinct and measurable source of competitive advantage. 

Moving Beyond Perks: Systemic Approaches to Wellbeing 

Workplace wellness initiatives often focus on individual-level solutions like meditation apps, fitness memberships, or lunchtime yoga. While these efforts may reduce short-term stress, they fail to address the structural conditions that give rise to chronic strain, disengagement, and mental health risks. 

Interventions are more effective at the organizational or group level. Changes to work schedules, job roles, or team dynamics – especially those that increase employees’ control and participation – have demonstrated a broader and more sustainable impact on wellbeing. Employees who have autonomy in their tasks and a voice in how work is structured consistently report higher levels of job satisfaction, lower stress, and improved work–life balance. These outcomes are amplified in environments that support open communication and shared decision-making. 

Such systemic approaches suggest that wellbeing is not the result of individual resilience, but of healthy, empowering work environments that are intentionally designed. 

Technology and the New Frontier of Workplace Wellbeing 

In response to hybrid and remote work environments, organizations are increasingly turning to digital tools to support mental health and wellbeing. From immersive virtual reality (VR) environments that simulate calming nature scenes to AI-based tools that monitor emotional states via facial expressions, biometric data, or tone of voice, technology now plays a growing role in the design of workplace wellbeing strategies. 

Virtual reality programs have shown promising results in reducing stress and promoting relaxation in various workplace settings. Even short VR interventions with nature-based visuals or guided breathing exercises have been associated with measurable improvements in employee wellbeing. These technologies can serve as accessible and time-efficient micro-breaks, particularly in demanding or high-pressure environments. 

At the same time, the use of emotional AI raises critical ethical concerns. While emotion-recognition systems promise to enhance management decisions and detect early signs of burnout, they also risk turning the workplace into a zone of surveillance. Monitoring affective states without transparent consent or context can undermine psychological safety rather than support it. If technologies are used to control rather than empower employees, they may backfire – reducing trust and increasing stress. 

The key lies in intentional design and ethical implementation. When used responsibly and transparently, digital wellbeing tools can extend access to support and complement systemic approaches to workplace culture. However, technology must remain a tool – not a substitute – for genuine human connection, autonomy, and care. 

Wellbeing as a Catalyst for Innovation 

Wellbeing not only prevents burnout – it enables innovation. Employees who perceive their work as meaningful and values-aligned are more likely to engage in creative thinking, share new ideas, and take initiative. When employees experience purpose and psychological safety, their engagement spills over into behaviors that benefit the organization as a whole. 

Studies indicate that this effect is strengthened when organizational values align with employees’ own spiritual or ethical beliefs. A sense of authenticity and shared purpose in the workplace fosters emotional connection, which in turn drives proactive contributions and innovative work behavior. 

Resilience as a Buffer to Emotional Strain 

In emotionally intense or high-stakes sectors, such as healthcare, workplace resilience plays a critical role in protecting psychological wellbeing. Employees working under high stress, such as nurses in mental health services, report substantially better wellbeing when they experience resilience-supportive conditions like strong team relationships, opportunities for growth, and autonomy in clinical decisions. Higher resilience levels are associated with lower levels of anxiety, depression, and mental distress – even when job demands remain high. 

These findings affirm multidimensional models of wellbeing, which emphasize not just happiness or the absence of illness, but the capacity to grow, feel connected, and exercise agency in the face of adversity. 

From Support Programs to Cultural Shift 

Employee Assistance Programs (EAPs) remain widely used and often valued as accessible tools for short-term counselling and support. However, their long-term effectiveness depends on integration with broader workplace strategies. EAPs that operate in isolation, without addressing organizational culture or workload issues, may offer limited benefits. When combined with systemic measures – such as leadership development, trauma-informed management, or inclusive policy changes – EAPs can serve as effective pillars within a comprehensive wellbeing strategy. 

Designing for Sustainable Human Performance 

The research is clear: organizations that invest in structural wellbeing – not just individual coping – unlock higher engagement, greater innovation, and stronger business outcomes. Mindfulness, autonomy, psychological safety, and meaningful work are not luxury goods; they are essential design principles for the future of work. 

The economics of mindfulness lies in creating environments where people can thrive – not just survive. In doing so, companies don’t just promote wellbeing – they build better, more adaptive organizations for the long term. 

Sources

Bryson, A., Forth, J., & Stokes, L. (2017). Does employees’ subjective well-being affect workplace performance? Human Relations, 70(8), 1017–1037. 

Delgado, C., Roche, M., Fethney, J., & Foster, K. (2021). Mental health nurses’ psychological well-being, mental distress, and workplace resilience. International Journal of Mental Health Nursing, 30, 1234–1247. 

Fox, K. E., Johnson, S. T., Berkman, L. F., Sianoja, M., Soh, Y., Kubzansky, L. D., & Kelly, E. L. (2022). Organisational- and group-level workplace interventions and their effect on multiple domains of worker well-being: A systematic review.Work & Stress, 36(1), 30–59. 

Kirk, A. K., & Brown, D. F. (2003). Employee assistance programs: A review of the management of stress and wellbeing through workplace counselling and consulting. Australian Psychologist, 38(2), 138–143. 

Riches, S., Taylor, L., Jeyarajaguru, P., Veling, W., & Valmaggia, L. (2024). Virtual reality and immersive technologies to promote workplace wellbeing: A systematic review. Journal of Mental Health, 33(2), 253–273. https://doi.org/10.1080/09638237.2023.2182428 

Mantello, P., & Ho, M. T. (2024). Emotional AI and the future of wellbeing in the post-pandemic workplace. AI & Society, 39, 1883–1889. https://doi.org/10.1007/s00146-023-01639-8 

Salem, N. H., Ishaq, M. I., Yaqoob, S., Raza, A., & Zia, H. (2022). Employee engagement, innovative work behaviour, and employee wellbeing: Do workplace spirituality and individual spirituality matter? Business Ethics, Environment & Responsibility, 32(3), 657–669.

Mara Blanz

Research Editor & Editor

Friendship and Social Capital

Reading Time: 5 minutes

Human Features as Capital? A brief history 

    In 1776, Adam Smith wrote, in An inquiry into the nature and causes of the wealth of nations, that “The acquisition of talents during education, study, or apprenticeship, costs a real expense, which is capital in a person. Those talents are part of his fortune and likewise that of society”. This idea might seem quite intuitive for an inhabitant of the world in the 21st century, and even the greenest economist would associate these words with the foundation of Human Capital.  

    However, until the last century, this concept was actually quite unpopular. As Theodore Shultz points out in Investment in Human Capital (1961), investment in human is not devoid of moral and philosophical issues. His words, “It seems to reduce man once again to a mere material component, to something akin to property”, are especially evocative, considering the 13th Amendment to U.S. constitution, which abolished slavery, had entered into force not even one century before.  

    With the advent of statistics and nation-level measurements in the period of WW2, researchers started to observe that increases in national output could not be fully explained by increases in physical capital. It became possible to link the accumulation of skills, capabilities and knowledge humans with these unexplained variations in growth.  

    Today, the World Bank defines Human Capital as “The knowledge, skills, and health that people invest in and accumulate throughout their lives, enabling them to realize their potential as productive members of society.” 

    But what aspects of the multifaceted human being are included in this definition? Reading further, the WB specifies: “Investing in people through nutrition, health care, quality education, jobs and skills helps develop human capital, and this is key to ending extreme poverty and creating more inclusive societies.”  

    Human Relationships as Capital  

      After accepting the “capitalization” of individual’s traits, a more recent step has been recognizing that humans are social animals, and therefore, their relationships are a fortune too. The concept of Social Capital generally refers to social relationships between people that have productive outcomes. In a nutshell, Portes (1998) explains it as “whereas economic capital is in people’s bank accounts and human capital is inside their heads, social capital inheres in the structure of their relationships”.  

      Social capital is for sure a peculiar form of capital: it does not reside in any individual entity, but it’s embedded in society, it lies in relationships, it’s rooted in networks. However, just like any other type of capital, it requires investment and maintenance to yield returns. 

      If defining the determinants of human capital is not an obvious task, defining those of social capital is even more challenging. The Institute for Social Capital indicates a range of dimensions including trust, togetherness, volunteerism, generalized norms, everyday sociability, and neighborhood connections.

      In essence, applying this theory, helping an old lady cross the street, having a neighbor who looks after your child when you’re sick, or trusting the police—all of these actions contribute to a web of reciprocity that will eventually benefit either the individual or the broader society. 

      Just as human capital was initially controversial, social capital was—and perhaps still is—a contested concept. For sure, its reputation increased after the publication of Making Democracy Work: Civic Traditions in Modern Italy by the political scientist Robert Putnam. Focusing on Italian regional governments, he found how government performance was strictly linked to traditions of civic engagement.  

      Friendship as Social Capital 

        Within this broader framework, friendship emerges as a particularly powerful and personal expression of social capital — one that not only supports emotional well-being but also shapes long-term economic and social outcomes. 

        If friendship is part of human capital, then it somehow has impacts that extend beyond the individual to society at large. And it might be more powerful than one can think. In a 2022 study on networks and friendships, Raj Chetty’s and colleagues found that education, racial segregation, education, and family structure were not as important as cross-class connections in determining upward social-mobility. In fact, among all observed components of social capital, friendship across socioeconomic lines was the only one driving mobility. Social cohesion and civic engagement, by contrast, did not seem to play a role.  

        The relationship between friends also shapes the social tissue of communities. In Bowling Alone, Putnam describes how American society, one strong and civic engaged, is now degrading through the whimsical metaphor of bowling. The evocation of many lonely bowlers, with a nostalgic comparison to bowling leagues playing together, reflects the individualist derive of society.  From this point of view, friendship and social interactions are a sort of public good, and not just a private comfort. The weaking of these relationships has consequences that go beyond individual loneliness, but undermine the health of society. 

        Relationships and Policy Makers 

          Friendships, connections, networks, and trust — they all contribute to both individual well-being and a healthier, more cohesive society. Yet we rarely hear politicians or policymakers address these topics directly. In an era where society is becoming increasingly individualistic, the case for investing in social capital becomes even more urgent. Urban planning, for instance, can be intentionally designed to promote cross-class connections and neighborhood friendships. The creation of public and recreational spaces that facilitate meeting and incentive people to socialize, promotion of sports and community strengthening activities can be impactful policies for boosting social capital. Reinvesting in friendships and ways of making them happen it’s not just about enhancing well-being, it’s a necessary step to rebuild a strong social fabric, that can sometimes be as important as and educated or healthy community. 

          Sources:

          Chetty, R., (2022). Social capital I: measurement and associations with economic mobility https://www.nature.com/articles/s41586-022-04996-4 

          Goldin, C. (2016). Human Capital. https://scholar.harvard.edu/files/goldin/files/goldin_human_capital.pdf

          Institute for Social Capital. https://www.socialcapitalresearch.com/literature/evolution/

          Putnam, R. D., Leonardi, R., & Nonetti, R. Y. (1993). Making Democracy Work: Civic Traditions in Modern Italy. Princeton University Press. https://doi.org/10.2307/j.ctt7s8r7 

          Putnam, R. D., “Bowling Alone: America’s Declining Social Capital” Journal of Democracy, January 1995, pp. 65-78. 

          Schultz, T. W. (1961). Investment in Human Capital. The American Economic Review, 51(1), 1–17. http://www.jstor.org/stable/1818907 

          World Bank: The Human Capital Project https://www.worldbank.org/en/publication/human-capital 

          Veronica Guerra

          Research Editor & Writer

          From Primal to Contemporary Societies: the interpretations of dreams 

          Reading time: 7 minutes

          Dreams have been interpreted in many ways throughout history. From spiritual messages in ancient cultures to symbols of the unconscious in modern psychology, each society has brought its own meaning to the world of dreams. As beliefs and knowledge evolved, so did the ways people understood what dreams reveal about life, the soul, and the mind. 

          Primal Societies 

          Early on, dreams were seen as messages from spirits or gods, with the soul leaving the body during sleep to experience them. During this period, Shamans (spiritual practitioners who are believed to have the ability to communicate with spirits and the otherworld) were highly valued for their ability to enter the dream world and bring back important insights, including healing and recovering lost souls and many tribes encouraged sharing dreams, especially powerful ones, for interpretation by elders or shamans. For example: The Lakota Sioux (native american people, the largest and most well-known band of the Sioux Nation renowned for being a strong and fierce tribe of warriors, they led much of the resistance against settlers encroaching on their land) believed visions had value only when shared with the community. 

          Early Civilizations (Mesopotamia and Egypt) 

          In this epoch, dreams were considered divine messages or oracles, influencing governance and religion. They were recorded in texts like the Epic of Gilgamesh and interpreted by priests or dream experts using three different methods: 

          Clear Message 

          These dreams were often considered divine communications, with a figure (usually a god, human, or sometimes an animal or object) delivering a clear, understandable message. Historical examples include the dreams of Nabonidus (king of Babylon) and Thutmose IV (Egyptian prince), where gods appeared in dreams to deliver specific commands (e.g., rebuilding a temple, clearing sand from the Sphinx). 

          Symbolic Dreams 

          These dreams were more cryptic and required interpretation. The Epic of Gilgamesh, an ancient Mesopotamian poem, provides examples where the hero Gilgamesh seeks interpretation from his mother. Symbolic dreams were often interpreted as foretelling future events, like the arrival of a significant person or event. 

          Incubation 

          It was a practice in which individuals slept in a temple to receive prophetic or healing dreams, often involving gods or divine figures. These rituals were a form of divine consultation and were especially common in Egypt and Mesopotamia. 

          Oriental Societies 

          China 

           Dream interpretation is a significant part of Chinese culture. Chuang Tzu (369-286 B.C.), a Taoist sage, presented the paradox of dreaming one is a butterfly and wondering if one is a butterfly dreaming of being a man or vice versa. Some Taoist temples in southern China offered people a place to sleep for receiving important dreams, and some even survived into the Great Cultural Revolution (1966-76). 

          India 

          The Vedas, India’s sacred texts, suggest that the soul leaves the body during sleep and creates its own experiences. Some believe dreams are illusions, while others, like Shankaracharya, (Indian Vedic scholar, philosopher and teacher) regarded them as meaningless. However, Hinduism and Buddhism often teach that both dreams and the waking world are illusory. Dreams were also viewed as omens or reflections of illness or death. Yogis encouraged using dreams to improve moral and spiritual life. 

          Hebrew and Jewish sources 

          In the Hebrew Bible, dreams were seen as divine messages, often interpreted by figures like Joseph and Daniel. Joseph’s symbolic dreams about his family were later realized. Biblical prophets had visions that seemed dreamlike, such as Zechariah and Ezekiel, but the distinction between dreams and visions was often unclear. Later Jewish tradition had rabbis and philosophers specializing in dream interpretation. Bad dreams were countered with rituals like fasting or prayer. Dreams were often seen as prophetic or a sign of divine favor. 

          Sigmund Freud and The Interpretation of Dreams 

          Freud proposed that dreams are not just random or meaningless occurrences during sleep, but that they are deeply connected to our unconscious mind. Freud believed that dreams offer a window into the hidden parts of our psyche, specifically repressed desires, thoughts, and unresolved conflicts. 

          Freud’s theory of the unconscious mind, central to his psychoanalytic approach, suggested that much of our mental life operates outside of conscious awareness. He argued that while we may not be consciously aware of certain feelings, fears, or desires, they still affect our thoughts, behaviors, and, importantly, our dreams. 

          Freudian Theory of Dream Analysis 

          For Freud, dreams were a “royal road” to understanding the unconscious mind. In other words, by analyzing dreams, a person can access a deeper understanding of their hidden psychological conflicts and motivations. He believed that dreams act as a kind of “censorship” in the mind, allowing repressed thoughts and desires to emerge in a disguised or symbolic form. 

          Dreams were not meant to be taken at face value. Instead, they required careful interpretation to uncover their underlying meaning. Therefore, various methods were developed for analyzing dreams, including the use of free association (allowing the dreamer to speak freely about any thoughts that come to mind) and exploring common symbols in dreams. 

          Modern dream therapy and analysis still rely on many of Freud’s concepts, although contemporary psychologists also incorporate cognitive and biological approaches to understanding dreams. Freud’s ideas helped pave the way for later theorists like Carl Jung, who developed his own theories about the symbolic meaning of dreams and the collective unconscious. 

          Carl Jung 

          Carl Jung’s theory of dream interpretation diverges from Freud’s by emphasizing not just personal unconscious material but also the concept of the collective unconscious—a universal layer of the unconscious shared by all humans. This collective unconscious holds archetypes, which are timeless, universal symbols and themes present in all cultures. Dreams, according to Jung, serve as a connection to this deeper layer of the psyche, offering insight into both personal and universal experiences. 

          Jung believed that dreams often serve a compensatory function. They aim to balance what’s lacking or repressed in our waking lives. For example, if someone is overly focused on rational thought, their dreams might present emotions or irrational elements to restore balance. This compensatory nature allows dreams to provide a mirror for the psyche, offering what’s needed for emotional and psychological growth. 

          In Jung’s view, dreams are filled with archetypes—symbols that represent fundamental human experiences and qualities. Common archetypes include the Shadow, which represents the hidden, often repressed aspects of the self, and the Anima/Animus, the inner feminine and masculine aspects within all individuals. These archetypes frequently appear in dreams, guiding the dreamer toward greater self-awareness and integration. 

          For Jung, the ultimate goal of life was individuation, a process of becoming the person one is inherently meant to be by integrating unconscious material into conscious awareness. Dreams play a crucial role in this process, revealing hidden desires, unresolved conflicts, and qualities that need to be acknowledged and integrated. Through dreams, the unconscious mind communicates essential messages to the conscious self, aiding in personal transformation. 

          Jung also highlighted that dream symbols could carry both personal and universal meanings. While some symbols in dreams reflect the dreamer’s personal experiences or feelings, others may connect to archetypes and universal themes shared across humanity. For Jung, understanding these symbols required a personalized, introspective approach to dream interpretation, with the dreamers themselves serving as the best interpreter of their own dream images. 

          To further engage with these symbols, Jung developed the technique of active imagination, where individuals consciously interact with the images from their dreams through creative means like drawing or writing. This helps integrate the unconscious material and deepens the understanding of the dream’s meaning. 

          Conclusion 

          In essence, the interpretation of dreams has evolved from being seen as messages from spirits and gods in primal societies to symbolic or prophetic visions in early civilizations like Mesopotamia and Egypt. In Oriental cultures, dreams were linked to the soul’s journey or illusions. With Freud and Jung, dream analysis shifted to understanding the unconscious mind and universal archetypes. Today, while contemporary approaches blend Freud’s and Jung’s theories with modern psychology, dreams continue to offer valuable insights into the self and the human psyche. 


          Sources: Dream Interpretation in Ancient Civilizations, The collected works of C. G. Jung, Freud Museum London…

          Teresa Catita

          The Impact of Donald Trump’s Tariffs on Markets and International Trade 

          Reading Time: 5 minutes

          Tariffs have always been a contentious tool in global economic policy, and former President Donald Trump’s administration relied heavily on them to reshape America’s trade relationships. Trump’s approach to tariffs was characterized by the belief that they would protect American industries, reduce the trade deficit, and pressure foreign partners into negotiating more favorable deals for the United States. However, the actual effects of these tariffs have been complex and far-reaching, influencing everything from global supply chains to consumer prices. This article explores the potential and actual impacts of Trump’s tariffs on markets and international trade, offering examples, economic analysis, and perspectives from multiple sources. 

          What Are Tariffs and Why Did Donald Trump Use Them? 

          Tariffs are taxes imposed on imported goods. By making foreign goods more expensive, tariffs are intended to encourage consumers to buy domestic alternatives. Trump saw tariffs as a tool to reduce America’s trade deficit, particularly with China, and to protect domestic industries like steel, aluminum, and technology manufacturing. 

          Key Examples of Trump’s Tariffs: 

          • In 2018, Trump imposed a 25% tariff on steel imports and a 10% tariff on aluminum. 
          • In the same year, the administration slapped tariffs on $250 billion worth of Chinese goods, leading China to retaliate with tariffs on American products like soybeans, cars, and airplanes. 
          • In 2020, Trump threatened additional tariffs on European Union exports such as wine, cheese, and aircraft parts in retaliation for EU subsidies to Airbus. 

          How Tariffs Affect Domestic Markets 

          1. Higher Costs for Consumers 

          While tariffs target foreign producers, the actual cost burden often falls on domestic consumers. Importers pass higher costs onto consumers, making everything from cars to electronics more expensive. A study by the Federal Reserve Bank of New York estimated that by the end of 2019, Trump’s tariffs cost the average American household about $831 per year due to higher prices.  

          Example: When tariffs were imposed on washing machines in 2018, prices jumped nearly 12% within months, according to research published by economists at the University of Chicago and the Federal Reserve.  

          2. Disruption of Supply Chains 

          Many U.S. industries depend on imported components and raw materials. Tariffs on Chinese technology parts, for instance, disrupted the electronics and automotive sectors, which rely heavily on Chinese factories for affordable parts. This forced companies to either raise prices or absorb losses, weakening profit margins and investment. In the long run, some firms moved production out of China, but this led to higher transition costs and inefficiencies.  

          Impact on International Trade 

          1. Retaliatory Tariffs and Trade Wars 

          When the U.S. imposed tariffs, trading partners retaliated with their own tariffs. China targeted American agricultural exports, including soybeans, corn, and pork, hurting U.S. farmers who relied on the Chinese market. By mid-2019, U.S. agricultural exports to China had fallen by 53% compared to 2017. 

          Example: The American soybean industry suffered particularly harsh consequences. Before tariffs, China imported about $12 billion worth of U.S. soybeans annually. By 2019, that number dropped to under $3 billion. The U.S. government ended up subsidizing farmers to offset their losses, costing taxpayers billions. (Source: Bloomberg, 2019) 

          2. Erosion of Trade Alliances 

          Trump’s unilateral use of tariffs alienated key allies, including the European Union, Canada, and Mexico. When Trump imposed steel and aluminum tariffs, both Canada and the EU retaliated with tariffs on iconic American products, from Harley-Davidson motorcycles to bourbon whiskey. This strained long-standing trade relationships, particularly within the World Trade Organization (WTO) framework, which is built on predictable, rules-based trade.  

          Effects on Financial Markets 

          1. Market Volatility 

          Trump’s tariff announcements often led to immediate stock market swings. When tariffs on China were announced in March 2018, the Dow Jones Industrial Average plunged 724 points in a single day, reflecting investor fears of a full-blown trade war disrupting global economic growth.  

          2. Sectoral Winners and Losers 

          Some sectors benefited from protectionism, particularly domestic steel producers. However, industries reliant on steel (like automotive and construction) faced rising costs, eroding their competitiveness. Agricultural stocks, particularly in soybeans and pork, plummeted due to lost export markets.  

          Long-Term Economic Impacts 

          1. Reshoring vs. Offshoring Diversification 

          One goal of the tariffs was to bring manufacturing back to the U.S., a process called reshoring. Some companies did shift production, but many opted to diversify away from China to other low-cost countries like Vietnam, Mexico, and Thailand instead. This resulted in a fragmentation of global supply chains, increasing overall uncertainty.  

          2. Reduced Global Trade Growth 

          The uncertainty surrounding U.S. trade policy under Trump contributed to slower global trade growth. According to the World Bank, global trade growth fell from 5.4% in 2017 to just 1.1% in 2019, with tariffs playing a significant role.  

          Case Study: The U.S.-China Trade War 

          The most high-profile example of Trump’s tariff policy was the U.S.-China Trade War, which began in 2018. It involved escalating tariffs on hundreds of billions of dollars in goods on both sides. The conflict led to: 

          • Higher costs for American businesses and consumers. 
          • Reduced Chinese investment in the U.S.. 
          • A reshaping of Asian supply chains, with companies shifting production to Southeast Asia. 

          Ironically, despite Trump’s goals, the U.S. trade deficit with China actually increased in some sectors, as American companies stockpiled Chinese goods before tariffs took full effect.  

          Trump’s tariffs were a bold attempt to reset global trade dynamics, but the unintended consequences were significant. While they did pressure China into signing Phase One of a trade deal in 2020, they also: 

          • Raised prices for American consumers 
          • Hurt American exporters through retaliation 
          • Increased market volatility 
          • Weakened global trade growth 
          • Undermined trust in the international trade system 

          As the world moves with the Trump era, policymakers face the challenge of rebuilding stable trade relationships while addressing the legitimate grievances about unfair trade practices, especially concerning China’s industrial subsidies and intellectual property violations. Whether tariffs were the right tool for this job remains hotly debated, but their lasting impact on markets and international trade is undeniable. 

          Sources

          BBC, 2018; Peterson Institute for International Economics, 2020; Federal Reserve Bank of New York, 2019; Flaaen et al., 2019; Harvard Business Review, 2020; Congressional Research Service, 2020; CNBC, 2018; Reuters, 2018; Brookings Institution, 2020; Bloomberg, 2019; World Bank, 2020; Peterson Institute for International Economics, 2020.

          Afonso Freitas

          Research Editor & Writer

          Artificial Intelligence and Ethics: A Necessary Debate 

          Time to read: 6 minutes

          Artificial Intelligence (AI) is no longer a futuristic concept but an integral part of modern society. It shapes decisions in finance, healthcare, law enforcement, and social media, influencing how people interact with technology and each other. The rapid integration of AI, however, brings with it a host of ethical concerns. Questions about fairness, accountability, and transparency challenge the assumption that technological progress is inherently beneficial. AI does not exist in a vacuum—it reflects the values and biases of those who create and deploy it. While ethical AI has become a widely discussed concept, turning principles into action remains a significant challenge. 

          Between Innovation and Responsibility 

          The potential benefits of AI are vast. Automated systems can improve efficiency, analyze massive datasets, and assist in complex decision-making processes. In industries such as healthcare, AI-driven models can detect diseases early, optimize treatment plans, and personalize medical recommendations. In business, predictive analytics can enhance supply chain management and customer experiences. Despite these promising applications, the ethical risks of AI cannot be ignored. 

          A key issue lies in the tension between innovation and responsibility. Companies and developers push for solutions, often prioritizing speed and market dominance over careful ethical consideration. AI ethics frameworks have been introduced to address this, but they frequently lack enforceability, leaving ethical concerns in the hands of the very entities that stand to profit from AI’s widespread adoption. 

          Challenges of Ethical Implementation 

          Ethical AI is easier to discuss than to implement. One of the greatest barriers is the lack of transparency of AI systems. Many machine learning models operate as “black boxes,” meaning their decision-making processes are difficult to interpret, even by their creators. This lack of transparency complicates accountability, making it unclear who should be held responsible when AI systems make biased or harmful decisions. 

          Another persistent challenge is bias in AI models. AI systems are trained on historical data, which often contains existing biases related to race, gender, and socioeconomic status. Rather than eliminating human prejudice, AI has the potential to reinforce and amplify systemic inequalities. Addressing these biases requires a combination of diverse training datasets, algorithmic audits, and ongoing oversight—none of which are currently standard practices across industries. 

          Additionally, economic incentives often clash with ethical considerations. The AI industry is dominated by tech giants that compete for market share, patents, and financial gains. Ethical concerns, such as privacy and fairness, are often secondary to profit-driven objectives. Without clear regulatory frameworks, companies can claim adherence to ethical principles while continuing practices that favor commercial success over social responsibility. 

          Bridging the Gap Between Theory and Practice 

          For AI ethics to move beyond discussion and into action, structural changes are necessary. Regulatory enforcement is one crucial step. Governments and international organizations must establish clear legal guidelines that define ethical AI development and deployment. Without binding regulations, AI ethics remains largely voluntary, dependent on corporate goodwill rather than enforceable standards. 

          Another important approach is enhancing AI explainability. Researchers and developers need to prioritize the creation of AI systems that are interpretable and understandable. This includes designing models with built-in transparency measures, providing clear documentation on decision-making processes, and ensuring that AI-driven recommendations can be challenged when necessary. 

          Additionally, inclusive AI development is crucial. Many AI development teams lack diversity not only in terms of gender and ethnicity, but also regarding socioeconomic background, cultural perspective, and disciplinary expertise, which limits their ability to recognize and mitigate biases in their models. A broader range of perspectives—spanning gender, ethnicity, socioeconomic backgrounds, and disciplines—must be included in AI research and implementation. Ethical AI requires collaboration between technologists, ethicists, policymakers, and affected communities to ensure that AI serves a wider spectrum of societal needs. 

          Case Study: IBM’s Ethical AI Approach 

          IBM (International Business Machines Corporation) has positioned itself as a leader in ethical AI by actively addressing issues of fairness, transparency, and accountability. Unlike many companies that focus solely on AI innovation, IBM has taken significant steps to integrate ethics into AI development through its AI Ethics Board, which oversees responsible AI deployment. 

          A key contribution to ethical AI is its focus on explainability. The company has developed the AI Fairness 360 toolkit, an open-source library designed to help developers detect and mitigate biases in machine learning models. By making these tools publicly available, greater transparency and accountability across the AI industry is encouraged. 

          The company has also taken a strong stance on regulatory engagement, advocating for clear legal frameworks to govern AI systems. Unlike some competitors that resist regulation, the company supports AI governance standards that ensure responsible development and deployment. 

          A notable example of the firm’s commitment to ethical AI is its decision to exit the facial recognition market in 2020. Concerns over racial bias and mass surveillance led IBM to discontinue its facial recognition services, citing the technology’s potential for misuse in law enforcement and violations of civil rights. This decision demonstrated that companies could prioritize ethics over profitability, setting a precedent for responsible AI business practices. 

          IBM’s approach to ethical AI implementation offers several key lessons. The company has demonstrated the importance of proactive governance by establishing an internal AI Ethics Board, ensuring that ethical considerations are embedded throughout the AI development process. To enhance transparency and mitigate bias, it has developed open-source tools such as AI Fairness 360, which help detect and reduce discriminatory patterns in machine learning models. Additionally, the corporation has been a strong advocate for regulatory frameworks, collaborating with policymakers to create enforceable standards that promote responsible AI governance. While the initiatives are not without challenges, they provide a blueprint for other organizations seeking to balance AI innovation with ethical responsibility. 

          A Call for Collective Responsibility 

          The ethical challenges posed by AI are not solely the responsibility of developers or policymakers—society as a whole must engage in shaping the future of AI. Consumers should be informed about how AI affects their lives, researchers must prioritize ethical considerations in innovation, and governments must create legal structures that uphold fairness, transparency, and accountability. 

          The debate around AI ethics is not simply about mitigating harm; it is about ensuring that technological progress aligns with human values. AI should not be left to develop unchecked under the assumption that efficiency outweighs ethical concerns. A proactive approach—one that prioritizes responsible AI practices over damage control—will be essential in defining how AI serves humanity in the years to come. 

          Sources

          • Arbelaez Ossa, L., Lorenzini, G., Milford, S. R., Shaw, D., Elger, B. S., & Rost, M. (2024). Integrating ethics in AI development: A qualitative study. BMC Medical Ethics, 25(10). https://doi.org/10.1186/s12910-023-01000-0 
          • IBM. (2020). IBM CEO’s letter to Congress on facial recognition and responsible AI policy. IBM Newsroom. https://newsroom.ibm.com/2020-06-08-IBM-CEO-Arvind-Krishna-Issues-Letter-to-Congress-on-Racial-Justice-Reforms

          Mara Blanz

          Research Editor & Writer

          Oscars 2025: A Review

          Reading Time: 4 minutes

          More than a week has passed and our Arts and Culture members had time to digest this Oscars season… Here are their thoughts on the results for Best Picture, Best Actor and Best Actress!

          Ana Cardoso– A&C Member and Writer

          For best picture and actress, my bet was on Fernanda Torres and Ainda Estou Aqui. The film delivers a deeply moving narrative about resilience and identity, following a young woman’s journey of self-discovery after an unexpected loss. Its emotional depth and powerful performances made it my favorite. However, Mikey Madison and Anora took home the win—an unexpected but understandable choice. The film, which tells the captivating  story of a woman navigating love and survival in a world that constantly underestimates her, captivated audiences with its authenticity and storytelling. While Anora’s victory came as a surprise, its impact on indie movies is undeniable. Finally, best actor was none other than Adrien Brody. Performance after performance, Adrien has consistently proven his brilliance as an actor.

          His ability to fully immerse himself in complex and emotionally charged characters is remarkable, making us believe in every emotion as if it were his own. In Brutalist, Adrien elevates his performance to the level of the one that secured him his first Oscar. No surprise here—this win was well-deserved.

          Marco Pagliacci– A&C Member and Writer

          For best picture, Anora is definitely an unconventional and unexpected choice. The film has a good pace and keeps the viewer engaged, the film breaks traditional patterns, but I struggled to connect with the protagonists and fully understand the reasons behind their actions in a love story without love. However, the ending redeems it, offering a reflection on the hidden fragilities beneath the surface. I wasn’t particularly struck by Mikey Madison’s performance, which felt primarily physical rather than deeply expressive. While undeniably intense, it lacked the emotional depth needed to make the character truly compelling. It’s not even comparable to Emma Stone’s performance last year, which had layers and complexity.

          For best actor, it was a well-deserved and anticipated victory for Adrien Brody, who captivated with an extraordinary and nuanced performance, as said in his final speech that can and should teach us something. In the final stretch, it seemed that Timothée Chalamet, with his portrayal of Bob Dylan, could threaten Brody’s win. However, Brody’s deeper and more personal interpretation of the drama ultimately triumphed, making him the rightful winner.

          Marta Nascimento– Head of Arts & Culture

          Best Picture’s winner was unexpected! But I loved the love that Anora got! It told such a striking story with layered characters (especially Anora) all brought together by Sean Baker’s beautiful cinematography. Mikey Madison also deserved to win, I think her part in Anora showed great range for her as an actor, especially considering her more laid back personality in real life. I was rooting for her and obviously for Fernanda Torres who I thought was outstanding in I’m Still Here. For best actor,  I confess I was rooting for Colman Domingo or Timothee Chalamet but, nevertheless, Adrien Brody delivered, as always, an outstanding performance in The Brutalist (was it worth such a long speech though?).

          Mafalda Carvalho– A&C Member and Writer

          Regarding the best actress and best pictures awards, although my Portuguese-speaker pride would have liked to see I’m Still Here and Fernanda Torres much deservedly win, I can definitely say that Anora and Mikey Madison were my second favorites. Anora was my first Sean Baker film, and I was not ready for it. The movie and performances are incredibly realistic, conveying all the pain, joy, and discomfort felt by the characters, which can only be achieved through a deep research and understanding of the realities they depict. Sean Baker, as in all his movies, and Mikey Madison alike sure did a good job at this, especially seeing how the actress’ seemingly demure character, in interviews, contrasts with the lively, almost feisty, Anora.

          As for Adrien Brody winning best actor, with The Brutalist, although neither actor nor movie were favorites of mine, it is undeniable that Adrien Brody delivers, once more, an impeccable performance. Nonetheless, I believe that the academy has looked past incredibly talented nominees, namely Timotheé Chalamet in A Complete Unknown, and Colman Domingo in Sing Sing.

          Trump’s USAID Cuts: Humanitarian Disaster Or A Step Toward Self-Reliance? 

          Reading Time: 5 minutes

          On March 10th, the Trump Administration announced that 83 percent of the programs run by the U.S. Agency for International Development (USAID) would be canceled. This decision follows a series of actions targeting USAID, including placing its officials on paid leave, discussing the agency’s potential shutdown, and labeling it as being run by “radical left lunatics” and a corrupt institution that misuses taxpayer money. The first major move came with a freeze on approximately 90% of USAID grants and contracts worldwide—making the latest cuts less surprising. 

          Feb. 28, 2025, Washington. A senior advisor at USAID, is consoled by a co-worker after having 15 minutes to clear out her belongings from the USAID headquarters, Friday. (AP Photo/Jacquelyn Martin) 

          In a speech to Congress on March 4th, Trump outlined his reasoning behind these decisions. Reducing “the flagrant waste of taxpayer dollars” is part of his broader strategy to combat inflation, purpose for which the DOGE, the brand-new Department Of Government Efficiency headed by Elon Musk, was created. Trump listed several specific cuts, such as “$8 million to promote LGBTQI+ initiatives in Lesotho, which nobody has ever heard of,” and “$250,000 to increase vegan local climate action innovation in Zambia.” He also mentioned “$47 million for improving learning outcomes in Asia,” sarcastically noting that “Asia is doing very well with learning. You know what we’re doing—could use it ourselves.” Many other initiatives were dismissed as “scams.” 

          However, while some projects may be debated, the impact of these cuts extends to critical humanitarian aid programs. Initiatives preventing malnutrition and combating diseases such as malaria, polio, and AIDS have been shut down, leaving millions vulnerable around the world. 

          From a broader perspective, the decision aligns with a reshaped U.S. national interest—one that takes a narrower, more domestic-focused approach. While foreign aid cuts may contribute to reducing inflation, they also risk undermining stability in conflict-prone regions and weakening diplomatic relations. It remains to be seen what the long-term consequences of this decision will be for the US. 

          Impact on Developing Countries 

          But what can poor countries’ economies expect from such an abrupt dismantling of USAID?  

          It is inevitable that many African countries will face a profound distress, especially in the healthcare sector. For instance, in South Africa, 17% of funding for AIDS treatment comes from PEPFAR (the President’s Emergency Plan for AIDS Relief), which also supports the salaries of more than 15,000 healthcare workers. The situation could be even more critical in Ethiopia, USAID’s largest beneficiary, which receives over $200 million annually to support its healthcare system. 

          However, some argue that heavy reliance on foreign aid is not beneficial for recipient countries. There is no consensus on its overall impact on economic development. Some scholars argue that aid fosters growth through infrastructure improvements, pioneering investments, and attracting foreign capital. Others counter that it distorts labor markets and fosters dependency. Some have also compared foreign aid effects on local economies to the ones of natural resources revenues: these inflows can lead to currency appreciation, making locally produced locally produced tradable goods relatively more expensive and less competitive internationally, triggering the so-called “Dutch Disease” and weaking local manufacturing. 

          Foreign Aid Received in 2023, in US Dollars and adjusted for inflation. Source: OECD, 2025.

          The Debate on Foreign Aid 

          Criticisms against aid arrive also from other Global South Activists, who claim that aid is just charity covering social injustice and perpetuating the colonialist “civilizing mission”.  

          One of the most prominent critics is Dambisa Moyo, a global economist born in Zambia and naturalized as an American. In her 2009 book, Dead Aid – Why Aid Is Not Working and How There Is a Better Way for Africa, she challenges the “greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth”. Moyo argues that foreign aid fuels corruption, distorts local markets, and creates a vicious cycle of dependency—ultimately increasing poverty rather than alleviating it. Moyo proposes the stop of aid funding, throughout the over a period of five years, as a solution to reduce poverty and improve economic growth and development in African countries.  

          Although Moyo’s plan differs significantly from Trump’s approach and underlying motivations, her perspective raises the question: Could these cuts ultimately push aid-receiving countries toward self-reliance? 

           Regardless of the answer to this question, Trump’s decision carries profound economic and humanitarian consequences for developing nations reliant on these funds, and challenges the West’s long-standing role in Global South development. If these cuts lead to reduced dependence on Western aid, they could open the door for alternative models and standards—ones that might ultimately foster more sustainable growth for recipient countries and prompt a reevaluation of an international cooperation system that has long been in need of reform. 

          Sources

          Al Jazeera, Trump’s USAID freeze must serve as a wake-up call for Africa, available at https://www.aljazeera.com/opinions/2025/3/13/trumps-usaid-freeze-must-serve-as-a-wake-up-call-for-africa 

          Al Jazeera, Why some in the Global South are not mourning the demise of USAID, available at https://www.aljazeera.com/opinions/2025/3/3/why-some-in-the-global-south-are-not-mourning-the-demise-of-usaid 

          AP News, USAID cuts are already hitting countries around the world. Here are 20 projects that have closed, available at https://apnews.com/article/usaid-cuts-hunger-sickness-288b1d3f80d85ad749a6d758a778a5b2 

          Arellano, C., Bulíř, A., Lane, T., &Lipschitz, L. (2009). The dynamic implications of foreign aid and its variability. Journal of Development Economics, 88(1), 87-102. 

          Our World in Data, Foreign Aid Received, available at https://ourworldindata.org/grapher/foreign-aid-received-net 

          The Guardian, Rubio says 83% of USAid programs terminated after six-week purge, available at: https://www.theguardian.com/us-news/2025/mar/10/marco-rubio-usaid-funding 

          The Guardian, ‘The impact has been devastating’: how USAid freeze sent shockwaves through Ethiopia, available at https://www.theguardian.com/global-development/ng-interactive/2025/feb/21/the-impact-has-been-devastating-how-usaid-freeze-sent-shockwaves-through-ethiopia 

          The New York Times, All of the Trump Administration’s Major Moves in the First 5151 Days, available at https://www.nytimes.com/interactive/2025/us/trump-agenda-2025.html?categories=Foreign+policy 

          The New York Times, U.S. Terminates Funding for Polio, H.I.V., Malaria and Nutrition Programs Around the World, available at https://www.nytimes.com/2025/02/27/health/usaid-contract-terminations.html 

          Cao, W., & Du, D. (2024). Does foreign aid play a role in promoting economic development? Evidence from US aid. Applied Geography, 171, 103394. 

          Zambisa Moyo, Dead Aid, https://dambisamoyo.com/books/ 

          Veronica Guerra

          Research Team Editor & Writer