I examine the spillover effects across the three different long-short portfolio indices during the COVID-19 pandemic. The relative outperformance of the ESG portfolio, reported by Nofsinger and Varma (2014) and Lins et al. (2017), comes from the fact that the probability of its returns getting affected by the other safer investment strategies increases during an economic slowdown. It implies that investors become more attentive to corporate fundamentals - causing capital flowing away from the defensive and EAFE portfolios to the ESG portfolio during crisis periods. Investors find refuge in the ESG approach as it focuses on the long-run sustainability of firms.Since the outbreak of COVID-19, governments have turned their attention to digital contact tracing. In many countries, public debate has focused on the risks this technology poses to privacy, with advocates and experts sounding alarm bells about surveillance and mission creep reminiscent of the post 9/11 era. Yet, when Apple and Google launched their contact tracing API in April 2020, some of the world's leading privacy experts applauded this initiative for its privacy-preserving technical specifications. In an interesting twist, the tech giants came to be portrayed as greater champions of privacy than some democratic governments. This article proposes to view the Apple/Google API in terms of a broader phenomenon whereby tech corporations are encroaching into ever new spheres of social life. From this perspective, the (legitimate) advantage these actors have accrued in the sphere of the production of digital goods provides them with (illegitimate) access to the spheres of health and medicine, and more worrisome, to the sphere of politics. These sphere transgressions raise numerous risks that are not captured by the focus on privacy harms. Namely, a crowding out of essential spherical expertise, new dependencies on corporate actors for the delivery of essential, public goods, the shaping of (global) public policy by non-representative, private actors and ultimately, the accumulation of decision-making power across multiple spheres. While privacy is certainly an important value, its centrality in the debate on digital contact tracing may blind us to these broader societal harms and unwittingly pave the way for ever more sphere transgressions.In the present paper, we consider the nonparametric regression model with random design based on ( X t , Y t ) t ≥ 0 a R d × R q -valued strictly stationary and ergodic continuous time process, where the regression function is given by m ( x , ψ ) = E ( ψ ( Y ) ∣ X = x ) ) , for a measurable function ψ R q → R . We focus on the estimation of the location Θ (mode) of a unique maximum of m ( · , ψ ) by the location Θ ^ T of a maximum of the Nadaraya-Watson kernel estimator m ^ T ( · , ψ ) for the curve m ( · , ψ ) . Within this context, we obtain the consistency with rate and the asymptotic normality results for Θ ^ T under mild local smoothness assumptions on m ( · , ψ ) and the design density f ( · ) of X . Beyond ergodicity, any other assumption is imposed on the data. This paper extends the scope of some previous results established under the mixing condition. The usefulness of our results will be illustrated in the construction of confidence regions.Covid-19 is affecting our societies for more than just one, two or three months, maybe for even longer depending on where we live. In Germany, where I am located we have meanwhile ended the lockdown phase and started reopening. In this Editorial, I will try to describe the different aspects of the changes for an Orthopaedic Surgeon in this second phase of reopening. As numbers are the main basis for decision-making in this pandemic, I will try to give you a bit of background information on them first. As situations differ depending on the country you live in, you as a reader are probably in a different situation than I am right now, but hopefully you will still get some useful information for your daily routine. Although the numbers have improved a lot, the pandemic is still affecting all aspects of our lives, therefore this editorial is again divided into 4 sections Role as surgeon, as doctor, as teacher, and as family/society member. As of a few days ago in Germany elective surgeries are allowed to be perfoprofessional relationships and networks is not only based on facts but also on social factors. Something that we still miss. Reopening has improved life in families a lot. Grandchildren can meet their grandparents again and so on. This positive effect cannot be regarded high enough. Within the society reopening, however, is more demanding than the lockdown was. Protests and conspiracy theories are numerous and it is our mission as educated scientists to inform as many people around us as possible about the facts. Overall, it has to be stated, that all parts of our lives as Orthopaedic Surgeons remain affected by the Covid-19 pandemic. Life became better in a lot of ways; however, it is still a long way back to normal and we need to be patient.The Chinese government promotes the Belt and Road Initiative (BRI) as a global strategy for regional integration and infrastructure investment. With a projected US$1 trillion commitment from Chinese financial institutions, and at least 138 countries participating, the BRI is attracting intense debate. Yet most analysis to date focuses on broad drivers, risks, and opportunities, largely considered to be emanating from a coherent policy imposed by Beijing. In this special issue, we instead examine the BRI as a relational, contested process - a bundle of intertwined discourses, policies, and projects that sometimes align but are sometimes contradictory. We move beyond policy-level, macro-economic, and classic geopolitical analysis to study China's global investments "from the ground". Our case studies reveal the BRI to be dynamic and unstable, rhetorically appropriated for different purposes that sometimes but do not always coalesce as a coherent geopolitical and geoeconomic strategy. https://www.selleckchem.com/products/Vorinostat-saha.html The papers in this special issue provide one of the first collections of deep empirical work on the BRI and a useful approach for grounding China's role in globalization in the critical contexts of complex local realities.