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Wall Streets worst crisis since COVID slammed into a higher gear Friday.The S&P 500 lost 6% afterChina matchedPresident Donald Trumpsbig raisein tariffs announced earlier this week. The move increased the stakes ina trade warthat could end with a recession that hurts everyone. Not even abetter-than-expected reporton the U.S. job market, which is usually the economic highlight of each month, was enough to stop the slide.The drop closed the worst week for the S&P 500 since March 2020, when the pandemic ripped through the global economy. The Dow Jones Industrial Average plunged 2,231 points, or 5.5% Friday, and the Nasdaq composite tumbled 5.8% to pull more than 20% below its record set in December.So far, there have been few, if any, winners in financial markets from the trade war. Stocks for all but 14 of the 500 companies within the S&P 500 index fell Friday. The price of crude oil tumbled to its lowest level since 2021. Other basic building blocks for economic growth, such as copper, also saw prices slide on worries the trade war will weaken the global economy.Chinas response to U.S. tariffs caused an immediate acceleration of losses in markets worldwide. The Commerce Ministry in Beijing said it would respond to the 34% tariffs imposed by the U.S. on imports from China with its own 34% tariff on imports of all U.S. products beginning April 10. The United States and China are the worlds two largest economies.Markets briefly recovered some of their losses after the release of Friday mornings U.S. jobs report, which said employers accelerated their hiring by more last month than economists expected. Its the latest signal that the U.S. job market has remained relatively solid through the start of 2025, and its been a linchpin keeping the U.S. economy out of a recession.But that jobs data was backward looking, and the fear hitting financial markets is about whats to come.The world has changed, and the economic conditions have changed, said Rick Rieder, chief investment officer of global fixed income at BlackRock.The central question looking ahead is: Will the trade war cause a global recession? If it does, stock prices may need to come down even more than they have already. The S&P 500 is down 17.4% from its record set in February.Trumpseemed unfazed. From Mar-a-Lago, his private club in Florida, he headed to his golf course a few miles away after writing on social media that THIS IS A GREAT TIME TO GET RICH.The Federal Reserve could cushion the blow of tariffs on the economy by cutting interest rates, which can encourage companies and households to borrow and spend. But the Fed may have less freedom to move than it would like.Fed Chair Jerome Powellsaid Friday that tariffs could drive up expectations for inflation. That could prove more damaging than high inflation itself, because it can drive a vicious cycle of behavior that only worsens inflation. U.S.households have already saidtheyre bracing for sharp increases to their bills.Our obligation is to keep longer-term inflation expectations well anchored and to make certain that a one-time increase in the price level does not become an ongoing inflation problem, Powell said.That could indicate a hesitance to cut rates because lower rates can give inflation more fuel.Much will depend on how long Trumps tariffs stick and what kind of retaliations other countries deliver. Some of Wall Street is holding onto hope that Trump will lower the tariffs after prying wins from other countries following negotiations.Trump has given mixed signals on that. On Friday, he said Vietnam wants to cut their Tariffs down to ZERO if they are able to make an agreement with the U.S. Trump also criticized Chinas retaliation, saying on his Truth Social platform that CHINA PLAYED IT WRONG, THEY PANICKED THE ONE THING THEY CANNOT AFFORD TO DO!Trump has said Americans may feelsome painbecause of tariffs, but he has also said the long-term goals, including getting more manufacturing jobs back to the United States, are worth it. On Thursday, helikened the situation to a medical operation, where the U.S. economy is the patient.For investors looking at their portfolios, it could have felt like an operation performed without anesthesia, said Brian Jacobsen, chief economist at Annex Wealth Management.But Jacobsen also said the next surprise for investors could be how quickly tariffs get negotiated down. The speed of recovery will depend on how, and how quickly, officials negotiate, he said.On Wall Street, stocks of companies that do lots of business in China fell to some of the sharpest losses.DuPont dropped 12.7% after China said its regulators are launching an anti-trust investigation into DuPont China group, a subsidiary of the chemical giant. Its one of several measures targeting American companies and in retaliation for the U.S. tariffs.GE Healthcare got 12% of its revenue last year from the China region, and it fell 16%.All told, the S&P 500 fell 322.44 points to 5,074.08. The Dow Jones Industrial Average dropped 2,231.07 to 38,314.86, and the Nasdaq composite fell 962.82 to 15,587.79.In stock markets abroad, Germanys DAX lost 5%, Frances CAC 40 dropped 4.3% and Japans Nikkei 225 fell 2.8%.In the bond market, Treasury yields fell, but they pared their drops following Powells cautious statements about inflation. The yield on the 10-year Treasury fell to 4.01% from 4.06% late Thursday and from roughly 4.80% early this year. It had gone below 3.90% in the morning.Stan Choe, Associated Press business writerAP Writers Jiang Junzhe, Huizhong Wu, and Matt Ott contributed.

I find it hilarious when I see videos of kids trying and failing miserably to tell time based on an actual clock. You might think its ridiculous but its the reality of a generation that is used to just looking at their phone or numbers to tell time. But an interactive time-planning tool that blends traditional aesthetics with modern functionality would be an interesting way to teach them (and grownups too) not just how to tell time but to also manage their daily schedule. Designer: Donghua UniversityThe Time Tempo clock immediately captivates with its thoughtful material choices and sophisticated design. The dial, crafted from smooth, 3mm thick wooden panels, provides a foundation of natural elegance and durability. This emphasis on wood also reflects a growing appreciation for environmental sustainability, aligning the clock with eco-friendly values. Adding a contemporary touch are the sliders, made from 0.66mm frosted PP material. These offer a comfortable tactile experience and ensure excellent anti-slip properties, crucial for their interactive function. The clock hands, laser-cut from ebony wood, not only maintain the natural theme but also add a unique character, showcasing the inherent beauty of the material. The overall aesthetic is sleek and sophisticated, allowing the clock to effortlessly integrate into diverse interior styles, striking a harmonious balance between visual appeal and responsible design.Beyond its aesthetic charm, it reimagines the very act of time management. It preserves the core accuracy of traditional quartz clocks by clearly displaying the 24-hour time format, offering an intuitive overview of the days progression. However, the true innovation lies in its slider-based interactive design. Inspired by the visual representation of fan-shaped masks and pie charts, this unique system allows users to physically engage with their daily schedules. By freely adjusting the angle and position of the sliders, individuals can create a tangible representation of their planned activities. The Time Tempo also boasts an adjustable layering design, enabling users to add or remove sliders as their needs evolve through different life stages. This adaptability ensures that the clock remains a relevant and personalized time management tool. Furthermore, the extended design of the hands, reaching beyond the color-coded slider range, enhances the visual distinction between the current time and planned activities. This clever feature promotes focus and clarity, helping users stay more attuned to their time management goals.The underlying design philosophy of Time Tempo is powerfully simple: make time more intuitive and convenient. By transforming the abstract concept of time into a tangible form, the clock empowers users to clearly visualize the proportion and distribution of their daily activities. This tangible representation facilitates more effective planning and organization, ultimately leading to enhanced time management skills. This goes beyond mere scheduling; it encourages the development of regular habits and contributes to an improved overall quality of life.The post Time Tempo makes time tangible with innovative design and concept first appeared on Yanko Design.

As President Donald Trumps tariffs set in, it may well be time to say goodbye to the under-$30,000 car.

Humor and art have been used to mock the powerful in Britain for centuries. Now Elon Musk is on the receiving end.

Mozas R3 PC Wheel and Pedals bundle is a competitively priced and compelling pit stop for any newcomer looking to dip a leaden foot into simming. Also, its an ideal, ready-to-race package that will rev the engines of anybody who dreams less of shaving PBs on a track and more about shredding POS cars in Wreckfest 2.Better than that, though, its just big gobs of fun with physics a-go-go and punchy force feedback aplenty.While the 3.9Nm thrumming in this wheelbase doesnt exactly redline with its peak power, its still a solid and stylish DD unit that hums along like a finely tuned machine. Unlike its clunkier, noisier gear-and-belt-driven rivals at the entry level, the R3 is whisper-quiet and ridiculously compact in comparison. Better yet, the bundle is extremely mod-friendly, so upgrading your ride down the road is a cinchno need to swap out the whole chassis.Moza R3 PC Bundle PhotosMoza R3 Design and FeaturesThe Moza R3 Racing Wheel and Pedals bundle is a full-throttle, plug-and-play racing system. Inside the box, youll find Mozas new 3.9 Nm R3 wheelbase, a 280mm PC-compatible steering wheel, a set of SR-P Lite pedals, and a separate table clamp is also included. Believe you me, youre going to need that last bit of kit once the FFB gets going. Nothing jerry-rigged or half-arsed is going to hold this sucker down when the cars start cartwheeling.Said clamp is made entirely of steel and is rigid as hellquite sturdier than the plastic alternatives, and it has a generous 50mm of clamp space. Via the chaos of Wreckfest 2, I certainly gave that rigidity a run for its money. Thanks to a beefy desk and a straightforward system of four mount holes to secure the R3 wheelbase, this setup holds up well under the stresses of force feedback. Via the chaos of Wreckfest 2, I certainly gave that rigidity a run for its money.Weighing in at just 2.29 kilos and measuring a compact 120mm high, 135mm wide, and only 93mm long (excluding the steering shaft), the R3 is a pocket rocket of a wheelbase. Its boxy, industrial design gives it a serious motorsport aestheticfar more race-ready-looking than some of the older, plastic clamshells that are out there competing.Purchasing GuideThe Moza R3 Racing Wheel and Pedals bundle is available from Pagnian Imports and JB Hi-Fi for $549.95.MOZA R3 Bundle for PCA$549.95 at Pagnian ImportsI also like that the ports on the back are neatly arranged for easy access, with slots for pedals, a dash display, a shifter, a handbrake, and even an emergency stop device. Out of the box, the only one youll need is the pedal port, but expansion is as easy as adding aftermarket mods to a project car. There are also two threaded holes up top for mounting Mozas dash display.Wheel-wise, the one youre getting default here is a comfy D-shape affair with a grippy polyurethane wrapping. I like the feel of the clicky, short-throw paddle shifters that are crafted from sturdy black metal. And I dig that Moza allows for some customisation herethe brushed metal wheel rim is removable, and alternative rims are available to better serve your race discipline of choice.Size comparison between the R3 (top) and R9 wheelbases.Heading below the equator, we have the R3s pedal set, which is only an accelerator and a brake. If youre searching for a clutch experienceand thatd make perfect sense for OG muscle cars in Wreckfest 2you can make an extra pit lane purchase of a third pedal. Prices seem to be reasonable for that, and I know from experience that Mozas ecosystem is all about easy installation.Beyond that, these metal pedals feel a heck of a lot more robust than some of the plastic-heavy alternatives on the market. Resistance comes from springs rather than a load cell, so while theyre not championship-grade, they should be more than enough for entry-level sim racers. Theres also a surprising degree of adjustability, with pedal pads that can be repositioned higher or lower, and the entire pedal units can be moved left or right.Moza R3 x Wreckfest 2: PerformanceWith 3.9 Nm of peak torque, the R3 isnt exactly a torque monster, but its right in the slipstream of other entry-level contenders with similar price pricepoints. Its also perfect for some low-stakes, throw-around fun in a physics-heavy (yet nonetheless arcade-y) title like Wreckfest 2.Im not going to lie to you, though; I did need to do some tinkering to make Wreckfest 2 speak correctly with the R3, at least initially. However, thanks to the ever-changing landscape of Early Access, a few hotfixes meant I no longer had to constantly rebind/reverse my pedals in Mozas (usually quite capable) Pit House software. Everything works pretty much as it should now, and, obviously, support will only get better as yet more fixes roll out.Pictured: things rolling out that will definitely need fixes.The R3s FFB feels wonderful when you laterally thunk into other carstypically when youre using dodgem cars cornering logic to pinball past an apex while pinging some competitor off into a tree. Likewise, the feelings you get through the wheel when youre on the receiving end of such tactics and are forced to shred through some random fence or tyre pile are nice and visceral.Car-nage collisions aside, Id also be remiss if I didnt highlight how satisfying a stretch of clean racing can bethat basic yet intimate FFB conversation between balding tyres and terra firma. Obviously, with Wreckfest 2 having closer DNA to a rally experience than a staid, single-surface track racer, every lap can (literally) feel like a series of plot twists. Youd better believe your hands will notice the difference when you drift in and out of bitumen to gravel to mud and back again.Oh, and it goes without saying that any time theres a momentary lull in any and all force feedback followed by a wrist-rattling jolt, that is justwell, a chefs kiss experience. I can furnish you with two memorable examples of this. One, whenever you get some sick Dukes of Hazzard air and land on something you shouldn't have. And two, reversing from a bad corner upset, flicking into neutral, and then getting utterly and unexpectedly blindsided by some AI trying to break the land speedbump record through you.Incidentally, I would like to say that POV racing in Wreckfest 2 with a decent FFB wheel such as this is the rough racing equivalent of a mini horror game. With your peripherals increasingly blinkered by the cabin of a crumpling car, every race is basically a series of untelegraphed jump scares that reach out and grab you through this wheel. Obviously this driving on eggshells sensation becomes more pronounced when youre engaged in an actual demolition derby event, and some bastard has just bent your bonnet up over 80% of your windscreen.Tis but a scratch. It'll buff right out.I honestly shudder to think what those unexpected crashes will feel like for any gamer gripping a Moza R12 or higher. Those impacts youll get with 12 or 16 Nm worth of grunt will surely be the stuff of warning label justification. Hell, even a surprise bash through the 3.9 Nm force of the R3 delivers a respectable hand rattle. As unthinkable as it may sound, you may actually find yourself turning it down.All that being said, multiplying the Moza R3 Bundle with the Early Access antics of Wreckfest 2 is one of the funnest things Ive done all year thus far. Even as a proud owner of a Moza R12 wheelbase and pretty much every fancy add-on that comes with it, I was impressed by the performance and value proposition of this younger brother bundle. If you have budget aspirations of joining the simming sceneor you just wanna feel stuff crash harder than a stock market after tariffsI say turn the key on an R3. Adam Mathew is our Aussie deals wrangler. He plays practically everything, often on YouTube.Play

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Here are the answers for The New York Times Mini Crossword for April 6.

April 5, 20257 min readDennis Gaitsgory, Who Proved Part of Maths Grand Unified Theory, Wins Breakthrough PrizeBy solving part of the Langlands program, a mathematical proof that was long thought to be unachievable, Dennis Gaitsgory snags a prestigious Breakthrough PrizeBy Manon Bischoff edited by Jeanna BrynerDennis Gaitsgory, of the Max Planck Institute for Mathematics, has won the Breakthrough Prize in mathematics for numerous breakthrough contributions to the geometric Langlands program. The Langlands program has been described by mathematician Edward Frankel as the grand unified theory of mathematics. Conceived by Robert Langlands in 1967, the program includes numerous conjectures that were intended to connect disparate mathematical realms: number theory and harmonic analysis. In the 1990s, a similar connection between geometry and harmonic analysis was noticed, and the geometric Langlands program was born. Decades later, in 2024, Dennis Gaitsgory of the Max Planck Institute for Mathematics in Bonn, Germany, and eight of his colleagues achieved a breakthrough. In five scientific preprint papers, consisting of nearly 1,000 pages, they proved that a large class of geometric objects is related to quantities from calculus. Gaitsgory has now been awarded the Breakthrough Prize in Mathematics, which includes a $3-million award, for this outstanding achievement.Scientific Americans German-language sister publication Spektrum der Wissenschaft spoke to Gaitsgory about his math career, the Langlands achievement and the prestigious Breakthrough Prize.[An edited transcript of the interview follows.]On supporting science journalismIf you're enjoying this article, consider supporting our award-winning journalism by subscribing. By purchasing a subscription you are helping to ensure the future of impactful stories about the discoveries and ideas shaping our world today.Youve been working on the geometric Langlands program for 30 years. When was the moment that you realized youd be able to prove it? There was a very crucial step that was always a mystery. This got solved by a former graduate student of mine, [mathematician] Sam Raskin, and his graduate students in the winter of 2022. They proved that something is nonzero. After this, it was clear that we would be able to work out a proof.How did you feel when you realized that it could really be done?Ive always perceived it as some kind of long-term project for self-entertainment. So I obviously felt happy, but it was not like a very strong emotion or anything. It wasnt a eureka moment.The conjecture that we proved is one particular case of something much, much bigger. It has received a lot of attention because its one well-formulated thing. But its just one step. I was happy that this step had been done, but theres much more to do.So there was no champagne popping? You just sat down and continued working?There was no champagne but something similar. When [Raskin] said that he could prove this crucial part, we made a bet: if he could really do it, I promised him a bottle of scotch.The proof is huge, almost 1,000 pages. Did you oversee everything in it?I wrote 95 percent of it. [That was] not for a good reason but because I had an injury from skiing, and I was just lying in bed. So what else was there to do? I was watching Star Wars with my son and writing this thing.Do you mean you did both at the same time?Initially, some sections in our papers were named after Star Wars episodes, but at the end, we deleted [that element], mostly out of copyright concerns. But one paper still has a quote from Star Wars: Fear will keep the local systems in line. It was a really good fit, because in this paper, we had to control the moduli space of local systems.Its one thing to understand something but another to write everything down in detail. Did any problems pop up?Of course. We had a road map, but there were still a lot of blanks to fill, many theories to be developed.But I dont think there was a moment of actual panic. Sometimes I was not sure if one thing would require three more pages, 20 more pages or 50 more pages. There was just an uncertainty of how much more work had to be done.Did you do all of this from your bed?No, actually it was a cooperative process. The proof has nine co-authors: Every day I was writing to this guy and to that guy. They all have different perspectives and a slightly different kind of expertise. In some sense, it was as if I was lying in bed, and my colleagues were visiting me, so I didnt get bored. It really held my spirits up that I could talk to them by e-mail.There are some people who go to a bar to drink; we instead just talk about math. They talk about soccer; we talk about math. Its the same thing; it's human interaction.Speaking of human interaction, do you talk about your work with your friends and family?No. Theyre not mathematicians. They cant technically understand. My wife was close by my side and knows the story and the development of the topic. She knows how these things look from the outside, but I cant describe the content [to her].A lot of people would say that the Langlands program is one of the most complex research topics in the world. Would you agree?The question is: What do you mean by complex? Yes, one cannot come from the street and just study this. But the same applies to what other mathematicians, such as Peter Scholze [who studies arithmetic geometry at the University of Bonn in Germany and the Max Planck Institute for Mathematics], are doing. I dont have the background to just come to a talk he is giving and understand what he says because there are lots of technical details.Its the same here. One has to invest some effort to understand how things work, and then one should be able to understand. But that doesnt say that whatever were doing is intrinsically more complex. I think all frontier math is equally complicated. Were all trying to push a boundary at different points.How many people can understand the technical parts of your work?Now the community is growing because people are studying our proof. But up until last year, apart from [my] eight co-authors, there may have been five or six people who would have the capacity to understand the technical details.Do you wish that more people were involved in this type of research?Yes, definitely. So far it has been a very small community: The people who pushed the boundaries were basically my former students plus Dima Arinkin [a math professor at the University of WisconsinMadison], who is my age. He was a close friend and collaborator for many years. So some ideas get recycled. It would be just nice to have an influx of people from the outside. They could bring in something totally new. I would be very excited to see new ideas.What could be done to get more people interested in the geometric Langlands problem?More lectures and workshops on that topic, I guess. There will be a master class in Copenhagen, for example, in August. And there will be a conference in Berkeley, Calif. But now our research gets more attention because our proof is out. I regularly receive e-mails, mostly from younger people.[At the time of my interview], for example, [I am set to give] a talk to a big audience of graduate students in Graz, Austria. I will talk about the foundations of derived algebraic geometry. So the graduate students want to study these foundations, and hopefully some of them will proceed to study the geometric Langlands program. But they need derived algebraic geometry to understand this. [Editors Note: This talk was scheduled for April 2.]So you hope to catch the interest of young students by teaching them derived algebraic geometry. How did you become interested in the Langlands program in the first place?It was back in the 1990s, when [Alexander] Sasha Beilinson [a mathematician now at the University of Chicago] came to Tel Aviv [University], where I was a graduate student. Beilinson gave two talks; he was at the very beginning of his own work on the subject. And I was completely captivated. I had learned about the classical Langlands program..., but before his talk, I had no idea that it could be related to geometry. It was the first time I heard about it. The objects he talked about seemed so appealing to me. It was exactly the type of mathematical object that I wanted to study. And they all came together miraculously in this. And I was like, Wow. I had to work on that.Does the same fascination still drive your research?Of course things evolved. Its one thing when youre 20, another thing when youre 50. I dont know what drives me now. Its like an actual desire. Its like appetite. I want to do math. And if I cant, if Im prevented from doing math, such as when Im on a family vacation for a week with my kids, and I cant do math, I suffer.Really? That happens after one week?One week is maybe still okay. But after two weeks, I become a terrible human being.Well, its wonderful to find such a passion in life.Its not really passion.Is it maybe more like some kind of addiction?Yes, maybe. Its more like: man needs to eat, and man needs to do math.What are you working on now? Did you plunge into an abyss?I am trying to generalize our work. I have several projects at different stages. Theres a lot of theory to be developed, but at least we now have a program. We know what we want.You have a new road map?Lets say that we have the road map of desires but not a roadmap of methods like the one I [described] in 2013 [and published in 2015]. Back then, I knew exactly what needed to be proved. Now I know what I want, but I dont know how to get there.Maybe you will get new ideas from new researchers.That would be very nice. But I think, in some sense, its like a Darwinian process: If the math is valuable, it will get studied. And more people will understand and get attracted. And if the math is boring, then too bad. Time will show.This article originally appeared in Spektrum der Wissenschaft and was reproduced with permission.