Luka Jagor | Blogger :: Digital Artist | 𝘳𝘶𝘯𝘯𝘦𝘳 · #𝘥𝘫 · 𝘩𝘰𝘣𝘣𝘺𝘪𝘴𝘵

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ 🔹 In the late 1990s, Croatia faced more than just a financial collapse — it faced a crisis of trust. When banks fell and savings disappeared, the government needed a new path forward. What came next was not a revolution in finance, but a revolution in concrete: the building of the A1 motorway and the Adriatic–Ionian highway projects. The Croatian banking crisis of 1998–1999 marked a turning point not only for the country’s fragile financial system but also for its economic direction. When banks collapsed under the weight of bad loans, political ties, and poor oversight, confidence in financial institutions evaporated. The state stepped in, but instead of reforming financial engineering toward transparency and innovation, it turned the nation’s focus elsewhere — onto concrete and asphalt. The love between an economist and an engineer often ends in financial engineering: numbers meet structures, models marry mech...

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ In a world increasingly shaped by technological advancements, it's more vital than ever to anchor our progress in timeless wisdom. Our newest article offers a compelling journey through pivotal moments in biblical history—from God's enduring promises marked by the Rainbow Covenant to the transformative message of the New Covenant. We then bridge the ancient with the contemporary, inviting you to consider how these profound spiritual and ethical foundations can illuminate our path forward with Artificial Intelligence. Here are four key highlights from the Bible, presented in chronological order, illustrating major covenants and turning points in the narrative: 1. The Rainbow Covenant 🌈 After the great flood, as recorded in Genesis chapters 8 and 9, God established a covenant with Noah and his descendants, and with all living creatures. God promised never again to destroy all life on Earth with a flood. Th...

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ Planning a trip to the Schengen Area as a non-EU citizen (e.g., from Serbia or the Western Balkans)? Here’s the lowdown on EES and ETIAS —two systems affecting your travel: EES (Entry/Exit System) 🛂 Starts : November 10, 2024 Cost : FREE What : Automatically tracks entries/exits with biometrics (fingerprints, facial image) at borders, replacing passport stamps. Key Feature : Monitors your 90-day stay limit in 180 days. How : Register via app/website or at border kiosks. Data valid for 3 years. When you use it : At the border, starting Nov 2024. No pre-application needed. ETIAS (European Travel Information and Authorisation System) 📋 Starts : Late 2026 (TBD) Cost : €7 (free for under 18 or over 70) What : Pre-travel authorization for visa-exempt travelers. Valid for 3 years or until passport expires, allowing multiple 90-day stays. Key Feature : Security pre-screening before you board. How : Apply online via ...

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ In recent discussions it’s been claimed that “people send over 2.5 billion messages to ChatGPT every day.” That level of usage raises a natural question: what is the environmental cost? Let’s break it down and compare ChatGPT, Bitcoin, and Ethereum in terms of energy use and carbon footprint . ChatGPT Energy per prompt : estimates vary, but a typical query may consume around 0.3 to 0.34 watt-hours of electricity— a small amount , comparable to an LED bulb for a minute or two. ( Epoch AI , Dev Sustainability , DEV Community ) Scaling up : one source estimated total daily consumption could be tens of millions of kWh per day , but this depends on model efficiency and usage patterns. ( Business Energy UK , Best Brokers ) If there are indeed 2.5 billion prompts per day , even at 0.3 Wh each , that’s ~750 million watt-hours → 750,000 kWh per day , or about 0.75 GWh/day . That would scale to roughly 270 GWh/year . Compa...

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ The Croatian banking crisis of 1998-1999 carries a set of important lessons that are quite specific to Croatia and the broader post-Yugoslav, post-transition region. Here are the key messages: 1. Rapid Expansion Without Oversight is Dangerous When Mesić ran for president, he promised to recover funds lost in the 1990s banking scandals and privatization corruption schemes (roughly 1–1.5 billion USD at the time). In the 1990s, many Croatian banks grew aggressively after the war, with limited regulatory oversight. Credit was extended too easily, sometimes politically motivated, and risk management practices were poor. This reflects a broader regional problem: post-socialist states liberalized their financial sectors before institutions were strong enough to supervise them. 2. Privatization Created Weak Foundations Banks were privatized or newly established quickly, often with politically connected owners. Many lacked lo...

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ Introduction The Croatian banking crisis of 1998-1999 shook the country's financial system and revealed deep structural weaknesses. Several banks collapsed completely, never returning to business. Unlike Dubrovačka banka or Croatia banka, which were rescued, the following institutions went bankrupt and disappeared from the market. Some banks showed irresponsible management… sometimes even criminal activity, granting a large part of their loans to connected persons, resulting in liquidity problems. Glumina Banka Glumina Banka was one of the first major casualties. By mid-1998, its potential losses were several times higher than its capital base. Payment obligations were repeatedly missed, and the Croatian National Bank (CNB) refused to support its rehabilitation. In March 1999, bankruptcy proceedings were officially launched, ending the bank's operations. Komercijalna Banka (Zagreb) Komercijalna Banka face...

ᴵⁿ ᵗᶦᵐᵉˢ ᵒᶠ ᶜˡᶦᵐᵃᵗᵉ ᵉᵐᵉʳᵍᵉⁿᶜʸ https://climateclock.world/ The familiar proverb "a bird in the hand is worth two in the bush" is a timeless lesson in pragmatism, caution, and valuing what is tangible over what is merely potential. In an increasingly interconnected world, this wisdom takes on new layers of meaning when applied to the complex and often unpredictable process of globalization. It challenges us to reconsider whether the immediate, known benefits of local and national economies are being sacrificed for the speculative, often distant, promises of a fully globalized one. 🔹 Key Insight: The fundamental question is no longer "to globalize or not to globalize," but rather "how to globalize with prudence, preserving what is essential to our local stability while engaging with the wider world." Globalization, in this context, can be seen as the "two in the bush"-a vast, alluring, and somewhat undefined promise of interconnected mark...