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In a cinematic landscape dominated by big-budget blockbusters and high-octane action films, "Moonlight Madness" stands out as a refreshing and much-needed dose of lighthearted comedy. It serves as a reminder that sometimes, the most valuable treasures are not gold or jewels, but the relationships we forge and the memories we create along the way.
In the world of football, talent is a commodity that holds immense value. One such talent that has been making waves in the footballing world is Marcus Rashford, the 27-year-old forward who currently earns a weekly wage of £300,000 and boasts a market value of €60 million. With four years remaining on his contract with his current club, Rashford's potential and marketability raise the question: just how much is he truly worth?
December 11, 2024 This article has been reviewed according to Science X's editorial process and policies . Editors have highlightedthe following attributes while ensuring the content's credibility: fact-checked peer-reviewed publication trusted source proofread by Complexity Science Hub Vienna Russia's Gazprom stopped supplying Austria's OMV last month, prompting a number of headlines. However, there was no major panic this time. It was a completely different story almost three years earlier: when Russian troops invaded Ukraine in February 2022, Europe was thrown off balance for various reasons. "One of them was dependence on Russian gas. Many countries, especially those like Austria, which purchased around 80% of its gas from Russia in 2021, had to take action quickly to reduce this dependence and ensure supply security," explains Anton Pichler from the Complexity Science Hub (CSH) and the Vienna University of Economics and Business. "We had to react—and in a highly dynamic environment." This was the basis for a study now published in the Journal of Economic Behavior & Organization and released as a policy brief in May 2022. In a hypothetical scenario where Russian gas imports to Europe were completely halted from June 1, 2022, the researchers quantified the effects of different measures. "That way, we won't have to start the discussion about the catastrophe, but with possible solutions already on hand," says CSH President Stefan Thurner. Five times less damage The researchers analyzed various measures to mitigate the potential economic impact, including alternative gas imports, gas storage , a switch to different fuels, and savings in heating and pipeline operations. Additionally, they modeled their impact on individual sectors as well as the economy overall. "As early as spring 2022, we were able to point out that a coordinated distribution of scarce gas supplies among the EU members could reduce production declines five times less than if Austria tried to secure additional gas individually," explains Thurner. "In fact, the first steps were taken at EU level in the following months, such as filling gas storage facilities, which was subsequently given a strong political push," adds Pichler. Coordinated EU action Full gas storage facilities are one of the most important levers for being prepared for a gas supply freeze in the short term, but a coordinated crisis response at the EU level is also crucial—as foreigners own about half of Austria's gas reserves. "Austria has well-filled storage facilities today, with nearly 50TWh of stored gas, i.e. two thirds of annual consumption in 2023, under Austrian ownership. Along with alternative supply routes, these gas storage facilities are one of the reasons why we are much better able to compensate for Gazprom's current gas supply freeze to OMV," says Pichler. In contrast, even a partial interruption of Russian natural gas supply in Austria in 2022 would have led to a loss of several hundred million euros per month in gross value added, according to the study. Austria: Still Russian gas Austria imported 82% of its gas from Russia in August 2024, while other European countries have long since reduced their imports from Russia. Only 8% of all EU gas imports come from Russia. Because other European countries are now significantly less dependent on Russian gas supplies, the expected economic consequences will be much smaller than in June 2022, according to the two researchers. "In our policy brief, we showed that alternative trading partners can play a key role in reducing damage. Now that our neighboring countries are hardly dependent on Russian gas, it is much easier to import non-Russian gas than it would have been two years ago," says Pichler. Discover the latest in science, tech, and space with over 100,000 subscribers who rely on Phys.org for daily insights. Sign up for our free newsletter and get updates on breakthroughs, innovations, and research that matter— daily or weekly . Mild to severe effects Based on the hypothetical scenario of a complete halt to Russian gas imports to Europe from June 1, 2022, the study shows that the potential economic consequences can range from relatively mild to extremely severe, depending on countermeasure implementation and success. The study suggests that securing alternative gas imports, managing storage, and providing incentives to switch to other fuels are the most important short-term policy levers. "The results seem almost obvious in retrospect. However, in spring 2022 there was great uncertainty about the potential economic consequences and our study quantified the effectiveness and feasibility of each individual measure," explains Pichler. In light of the critical situation, what have we learned? "Back then, we reacted to a crisis for which we were unprepared. It is possible for crises like this to occur in other important areas as well. It would be extremely important to conduct similar analyses for other critical sectors and technology areas in order to implement preventative countermeasures systematically," the researchers conclude. More information: Anton Pichler et al, Economic impacts of a drastic gas supply shock and short-term mitigation strategies, Journal of Economic Behavior & Organization (2024). DOI: 10.1016/j.jebo.2024.106750 Journal information: Journal of Economic Behaviour and Organisation Provided by Complexity Science Hub ViennaIn his address, Mr. Zhang Wei, CEO of the China Barter Trading Platform, expressed his gratitude to all the partners and stakeholders who have supported the platform's development. He outlined the platform's features and capabilities, highlighting its user-friendly interface, secure payment system, and comprehensive trade matching services.
Furthermore, the update highlighted the game's stunning visuals and attention to detail, showcasing the intricate character designs, fluid animations, and atmospheric environments that bring the world of "Black Myth: Wukong" to life. From the majestic peaks of ancient mountains to the bustling streets of mythical cities, every corner of the game world is meticulously crafted to immerse players in a world rich in culture, history, and lore.
In recent years, the issue of employment assistance for older workers has become increasingly prominent. As the population ages, the need to create suitable job opportunities for older individuals has become a pressing concern. In response to this challenge, it is crucial to formulate and implement comprehensive policies and measures to further improve employment assistance for older workers. Here are three key policy measures that can be taken to effectively address this issue:
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It all began with a team of Sony engineers and designers who were brainstorming ideas for the next generation of PlayStation consoles. Tasked with creating a product that would not only dazzle gamers with its performance but also stand out visually, the team found themselves hitting a creative roadblock. That is until one fateful day when a seemingly mundane bathroom heater caught their eye.
Four Canadian women honoured in World Rugby’s Dream Teams of the Year
Furthermore, advancements in technology have also played a significant role in reshaping the rental housing market. Online rental platforms and property management software have streamlined the rental process, making it easier for both landlords and tenants to find and manage rental properties. Virtual tours, online applications, and digital payment systems have become standard features in the rental industry, providing greater convenience and efficiency for all parties involved.Warning: Changes in Oil Prices AheadLaw enforcement officials have remained tight-lipped about the specific charges being brought against the suspects, citing the sensitivity of the ongoing investigation. However, it is clear that the authorities are leaving no stone unturned in their pursuit of justice, as they work diligently to ensure that all those responsible for the incident are held accountable for their actions.
The deteriorating security situation in Syria has prompted many Chinese residents to take precautionary measures to ensure their survival in the event of a crisis. Images circulating on social media showed long lines forming outside supermarkets and warehouses as people rushed to purchase essential supplies such as rice, noodles, and canned goods. Reports indicated that some individuals were even hoarding food in large quantities, leading to shortages and price spikes in certain areas.
