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Reset

The is a reform initiative proposed by the (WEF) in June 2020, led by its founder and executive chairman , envisioning a fundamental reconfiguration of global to address vulnerabilities exposed by the through enhanced , equity, and technological integration. Detailed in Schwab's co-authored book COVID-19: The Great Reset, the agenda posits the pandemic as a "rare but narrow window of opportunity" to reimagine economic, social, and environmental systems, shifting from shareholder primacy to stakeholder capitalism where businesses prioritize broader societal impacts alongside profits. Central to the initiative are three interconnected pillars: redesigning economies for fairer outcomes via public-private partnerships and metrics like (ESG) standards; fostering resilient societies through reforms such as wealth redistribution mechanisms, eliminations, and expanded social safety nets; and building sustainable systems emphasizing investments and harnessing the Fourth Industrial Revolution's digital innovations for public benefit, including advanced health and surveillance technologies. Proponents, including , argue these changes could yield a "healthier, more equitable, and more prosperous" world by embedding long-term against crises like pandemics and disruptions, with examples cited such as the Union's €750 billion fund directed toward sustainable projects. The WEF has promoted the framework through global dialogues, aligning it with broader goals like the ' 2030 Agenda for . Despite its ambitions, the has elicited significant controversies, with critics contending that its emphasis on centralized coordination between governments, corporations, and international bodies risks eroding individual liberties, norms, and free-market dynamics in favor of technocratic oversight resembling "corporate ." Substantive objections highlight potential monopolistic tendencies from ESG-driven consolidations, accelerated via digital tools, and ideological preferences for collectivist policies over decentralized , as evidenced by disproportionate small-business closures during responses that aligned with reset-inspired interventions. While some dismiss opposition as unfounded conspiracy-mongering—often amplified in narratives favoring elite-driven solutions—the initiative's own advocacy for systemic upheaval, including phrases like "you'll own nothing and be happy" in associated WEF materials, underscores legitimate debates over causal trade-offs between goals and empirical risks of reduced economic and .

Computing and Technology

Definition and Core Function

In computing and technology, a reset refers to the process of restoring a computer system, , or to its initial or , thereby clearing pending errors, events, or operational states to enable a fresh start. This action typically reinitializes components, such as processors or , or software environments, such as operating systems or applications, to a known that predates any detected faults. The core function of a reset is to provide a controlled for system recovery and initialization, ensuring reliable operation by eliminating transient issues like hangs, corrupted states, or unhandled exceptions without requiring full disconnection in all cases. In hardware contexts, it activates signals—often via a dedicated pin or —that restart the and clear registers, as seen in power-on sequences where the system begins execution from a predefined in . For software, resets achieve similar outcomes by reinitializing processes or reloading the operating system , preserving data where possible in "soft" variants while addressing deeper anomalies. This function underpins in systems, servers, and consumer devices, where resets mitigate risks from software bugs or overloads, as evidenced by their integration in microcontrollers since the 1970s processor design. Resets differ from mere restarts by emphasizing state restoration over simple cycling, prioritizing to avoid residual errors that could propagate; for instance, a hardware reset fully halts and reinitializes peripherals, whereas incomplete software resets might retain contents. Their implementation ensures in system behavior, allowing engineers to trace issues back to verifiable initial conditions, a principle critical in where unpredictability can lead to failures, such as in automotive ECUs or data centers handling billions of operations daily.

Types of Resets

In and , resets are mechanisms to restore a , , or component to a known state, often to resolve faults, clear , or reinitialize . They range from software-initiated operations that preserve certain to hardware-level interventions that fully interrupt power or signals. Common categorizations distinguish between soft and hard resets, with additional specialized types in systems and system-on-chip (SoC) designs. Soft resets, also known as warm reboots, restart the operating system or without disconnecting power to the , typically preserving volatile memory contents like unless explicitly cleared. This type is initiated via software commands, such as a reboot function in an OS, and aims to recover from software glitches while minimizing disruption. In contrast, hard resets, or cold reboots, involve asserting a hardware reset signal or , which clears all registers, , and peripherals, returning the system to its initial power-on state. Hard resets are used when soft methods fail, as in unresponsive devices, but risk if not cleanly executed. Factory resets represent a distinct subtype, restoring a to its original manufacturer by erasing user-installed software, settings, and often from non-volatile storage like or hard drives. This process, common in such as smartphones and , involves overwriting or partitioning storage to mimic the out-of-box state, though it may retain updates. For instance, in Windows systems, a option allows users to choose data preservation or full erasure during reinstallation. In embedded systems and SoCs, additional reset types address reliability in resource-constrained environments. Power-on reset (POR) automatically triggers upon initial power application, ensuring stable initialization before code execution. Watchdog resets occur when a hardware timer expires due to system hangs, forcibly restarting to prevent indefinite faults. Other variants include brown-out resets for voltage drops, peripheral-specific resets for modular components, and core resets targeting CPU subsets without affecting the entire chip. Synchronous resets align with clock edges for glitch-free operation in digital designs, while asynchronous resets provide immediate assertion independent of timing, though they risk metastability issues.

Historical Development and Modern Applications

The reset mechanism in hardware traces its roots to the need for reliable initialization of digital circuits, predating modern microprocessors but formalizing with the advent of integrated processors. Early vacuum-tube and transistor-based computers in the 1940s and 1950s, such as the , required manual intervention or to clear states and restart operations, as dedicated reset signals were absent in favor of rudimentary clearing. By the 1970s, with the commercialization of microprocessors, hardware resets became standardized; the , released in 1974, introduced a dedicated RESET pin that, when asserted low for a minimum duration, reset the program counter to address 0000H, halted instruction execution, and initialized internal registers, enabling controlled restarts without full power disruption. This design influenced subsequent architectures, including the in 1978, which retained the RESET pin for similar vectoring to a fixed , facilitating boot processes in emerging personal systems. In personal computers, software-initiated resets marked a shift toward user-accessible recovery. For the IBM PC 5150, launched in 1981, engineer David Bradley implemented the Ctrl+Alt+Del key sequence in the as a developer tool to trigger a warm reboot, skipping time-consuming power-on self-tests () and memory checks that plagued full power cycles— a fix born from frustration during debugging sessions. Originally undocumented for end-users to prevent accidental invocation, it evolved into a hallmark of and Windows environments, persisting until (2007) repurposed it for security tasks like invocation, with hardware resets handling reboots thereafter. Physical reset buttons proliferated on PC cases by the mid-1980s, wired to pins that pulse the CPU's reset line, effecting a non-maskable interrupt equivalent to restarting from without data preservation, as seen in AT-standard motherboards. Modern applications of resets emphasize , reliability, and across distributed and systems. In , watchdog timers—hardware counters that reset the processor if not periodically refreshed by software—prevent lockups from faults like infinite loops or radiation-induced errors, critical in safety-certified domains such as automotive ECUs and , where times under 100ms ensure minimal . Software strategies, involving proactive or reactive restarts, counter "" from heap fragmentation and leak accumulation in long-running servers; empirical studies on enterprise systems demonstrate extending mean time to failure by 2-5 times via OS-level resets that reload processes without full halts. In and virtualized environments, orchestrated resets via hypervisors enable rapid recovery from failures, with platforms like AWS Auto Scaling groups automating instance for , reducing outage impacts to seconds. Emerging paradigms, such as noisy intermediate-scale quantum (NISQ) devices, employ secure reset protocols to clear qubits and reinitialize states between user sessions, mitigating decoherence while supporting multi-tenant access without residual leakage.

Finance and Economics

Definition and Mechanisms

In finance, a reset denotes the periodic recalculation and adjustment of key terms, most commonly the , in variable-rate financial instruments to reflect changes in underlying market benchmarks or indices. This mechanism ensures that the instrument's pricing aligns dynamically with prevailing economic conditions, mitigating for lenders or investors while exposing borrowers to potential rate fluctuations. Reset provisions are embedded in contracts for adjustable-rate mortgages (), floating-rate notes, and , where the rate is typically determined by adding a fixed or margin to a reference rate such as the Secured Overnight Financing Rate () or previously the London Interbank Offered Rate (). The core mechanism operates on predefined reset dates—often monthly, quarterly, or annually—when the applicable rate is recomputed based on the reference index's value at or near that date, excluding forward-looking projections to avoid speculation. For instance, in an , the initial fixed-rate period expires, and subsequent payments adjust according to the formula: new rate = index rate + margin, applied to the outstanding principal balance. This process introduces payment uncertainty for borrowers, as evidenced during the when ARM resets contributed to widespread defaults amid rising rates, amplifying subprime mortgage losses estimated at over $700 billion in the U.S. alone. Lenders, conversely, benefit from hedging exposure through overlays, but resets can trigger waves or prepayments if rates fall, impacting predictability. In bond markets, reset bonds (also known as floating-rate or step-up bonds with reset features) employ similar protocols, where coupon payments are recalibrated at intervals using a formula tied to yields or other s, often with caps or floors to limit . This structure appeals to investors seeking protection against or rate hikes, as the bond's adjusts without necessitating sale, though it may underperform fixed-rate alternatives in low-rate environments. For like swaps, resets determine the floating leg's payment by fixing the rate at the start of each period against a notional principal, facilitating exchanges that underpin hedging strategies for trillions in notional exposure globally. Empirical analysis of reset-driven instruments reveals heightened sensitivity to , with studies showing that a 1% index shift can alter portfolio values by 5-10% in leveraged structures, underscoring the causal link between signals and .

Practical Examples and Processes

In interest rate swaps, a common instrument, the reset process occurs periodically—typically every three or six months—for the floating-rate leg, where the is recalculated based on a reference rate such as the plus a predetermined , fixing the amount for the ensuing period. This allows counterparties to exchange fixed payments for floating ones on a notional principal without exchanging the principal itself, hedging ; for instance, as of the transition from completed by June 30, 2023, resets have become standard in U.S. dollar-denominated swaps. Reset bonds, also known as floating-rate notes with reset features, adjust their rates at predefined reset dates according to a formula tied to market benchmarks or indices, such as rates or inflation metrics like the (CPI). For example, inflation-linked reset bonds modify rates in response to CPI changes to protect investors from erosion of , with the new rate applied from the reset date until the next adjustment, typically quarterly or semi-annually; this process ensures the bond's aligns with prevailing economic conditions, as seen in instruments issued by governments or corporations to manage . In adjustable-rate mortgages (), the reset date marks when the adjusts based on an index like the Constant Maturity Treasury (CMT) rate plus a margin, often annually after an initial fixed period, recalculating monthly payments to reflect the updated rate while capping changes to limit borrower exposure. This process, governed by agreements, has historically influenced housing markets; during the , widespread ARM resets contributed to increased defaults as rates rose from lows around 5% in 2003 to over 6% by 2007. Debt reset through involves renegotiating terms of existing obligations to avert , such as extending maturities, reducing principal (haircuts), or lowering rates, often via committees or proceedings like Chapter 11 bankruptcy in the U.S. For corporate entities, this may include exchanging old debt for new securities at a discounted value, as in the case of ' 2009 restructuring where $27 billion in secured debt was converted, enabling emergence from bankruptcy within 40 days. Sovereign debt resets follow similar collaborative processes, with the facilitating negotiations; for instance, in Greece's 2012 restructuring, private accepted a 53.5% haircut on €206 billion in bonds, restoring debt sustainability amid GDP contraction. Empirical studies indicate successful resets can onset growth by reallocating resources from debt service to investment, though outcomes depend on creditor coordination and macroeconomic reforms.

Political and Economic Initiatives

The Great Reset

The Great Reset is an initiative proposed by the World Economic Forum (WEF) in June 2020 as a framework for reshaping global economic and social systems in the aftermath of the COVID-19 pandemic. Formulated by WEF founder and executive chairman Klaus Schwab, it advocates for a fundamental reconfiguration of capitalism toward what Schwab describes as a "stakeholder" model, emphasizing sustainability, equity, and resilience over traditional shareholder primacy. The concept gained prominence through Schwab's June 3, 2020, article asserting that pandemic-induced changes demonstrated the feasibility of overhauling economic foundations, including accelerated shifts in public policy and private sector practices. Central to the initiative is the July 9, 2020, publication of the book COVID-19: The Great Reset, co-authored by Schwab and Thierry Malleret, which outlines three core dimensions: a macroeconomic reset to foster more inclusive growth; changes in individual and collective behaviors to prioritize long-term societal benefits; and technological integration drawing from the Fourth Industrial Revolution. Key proposals include directing investments toward green infrastructure, enhancing public health preparedness through global coordination, reforming education to adapt to automation, and governing emerging technologies like artificial intelligence to mitigate risks while harnessing productivity gains. The WEF frames these as voluntary, collaborative efforts among governments, businesses, and civil society to build back better, with endorsements from figures such as IMF Managing Director Kristalina Georgieva, who in a June 3, 2020, address linked it to post-crisis recovery emphasizing fairness and sustainability. Reception has been polarized, with supporters viewing it as a pragmatic response to vulnerabilities exposed by the , such as disruptions and amplification. Critics, particularly from free-market advocates and conservative think tanks, argue it promotes top-down technocratic that erodes individual liberties and rights, potentially advancing centralized control under the guise of . For instance, analyses from institutions like contend that Schwab's vision aligns with historical patterns of elite-driven planning, favoring state-corporate partnerships over decentralized markets, which empirical evidence from prior suggests can stifle and economic dynamism. While some media outlets attribute opposition primarily to unfounded theories alleging a plot for global tyranny, substantive critiques highlight the WEF's composition—dominated by multinational executives and policymakers—as inherently biased toward supranational governance, potentially overlooking causal realities of how such resets have historically concentrated power without delivering promised broad-based prosperity. By 2023, the initiative had evolved into ongoing WEF dialogues, though implementation remains uneven, with no binding global mechanisms enforced. Stakeholder capitalism, as articulated by (WEF) founder , posits a shift from to a model where firms balance interests of diverse —including workers, suppliers, customers, and society—to foster long-term societal value over short-term profits. This framework underpins the Great Reset's vision for post-pandemic economic restructuring, emphasizing metrics like environmental impact and in . Schwab's 2021 book Stakeholder Capitalism details how this approach could integrate business with public policy goals, drawing on historical precedents like post-World War II reconstructions. The , another Schwab-coined term from his 2016 book, refers to the fusion of physical, digital, and biological technologies—including , , and genetic editing—that are accelerating economic transformation. The explicitly leverages this revolution for recovery, advocating deployment of advanced technologies to enhance productivity while addressing risks like job displacement, with fewer than 9% of firms using tools such as as of 2020. Proponents argue it enables resilient supply chains and sustainable , though implementation requires policy interventions to mitigate inequalities from rapid automation. The intersects with the ' 2030 Agenda for Sustainable Development, encompassing 17 (SDGs) adopted in 2015 to eradicate poverty, protect the planet, and ensure prosperity by 2030. WEF initiatives frame the Reset as a catalyst for SDG advancement, urging alignment of recovery investments—estimated at trillions annually—with targets like zero hunger and , amid critiques that prior progress stalled pre-COVID. Diplomatic endorsements in 2020 highlighted this synergy, positioning the Reset to bridge financing gaps for universal SDG achievement through public-private partnerships. Related rhetoric includes "Build Back Better," a recovery slogan echoed in WEF writings and national policies, symbolizing resilient reconstruction but often linked in public discourse to broader Reset themes without formal equivalence. These concepts collectively theorize a from markets toward coordinated, tech-driven systems prioritizing systemic stability, though empirical outcomes remain prospective as of 2025 implementations.

Entertainment Media

Film and Television Works

Reset (2017) is a thriller film directed by Korean filmmaker and produced by , starring as Xia Tian, a who invents a time-travel device to rescue her kidnapped son by jumping between parallel timelines. The film, released on June 30, 2017, in , combines action sequences with mechanics, where Xia Tian collaborates with alternate versions of herself to thwart corporate rivals. It grossed over 100 million yuan at the Chinese box office within its first week, reflecting strong domestic interest in time-loop narratives despite mixed critical reception for its pacing and . In television, Reset (2022) refers to the Chinese drama series Kai Duan (English title: Reset), a 15-episode production by iQIYI starring Li Shi Qin and Zhang Ling He, which premiered on January 15, 2022. The plot centers on a college student and a video game designer trapped in a recurring time loop triggered by a bus explosion, forcing them to collaborate across resets to uncover a conspiracy and prevent the disaster. The series achieved high viewership, topping charts on multiple platforms with an average rating of 8.1/10 from over 2,000 user reviews, praised for its suspenseful resets and character development but critiqued for formulaic elements common in the genre. The South Korean series Reset (2014), starring and , aired on OCN from August 24 to October 26, 2014, spanning 12 episodes. It follows a investigating bizarre deaths linked to a that enables users to "reset" their lives by altering past decisions, blending cyber-thriller elements with moral dilemmas about fate and . The show received moderate acclaim for its innovative premise amid South Korea's drama landscape, though it underperformed in broader ratings compared to mainstream networks.) Less prominent works include Reset (2016), a TV movie about a Maori boy receiving messages from aliens amid planetary , directed by an team and rated 9.4/10 by limited audiences for its speculative themes. Additionally, ReSet (2022), an low-budget directed by David Sumner, depicts a in a time-loop after a party blackout, emphasizing psychological dread over spectacle and earning a 4.5/10 average from viewers. These entries highlight "reset" motifs in media as metaphors for second chances, often intersecting with sci-fi tropes of temporal intervention.

Music Releases and Artists

The Canadian Reset, formed in 1993 by and , emerged from basement performances to open for acts like Pennywise, Face to Face, and , establishing a presence in the scene through independent releases such as their 1997 debut cassette Concern. The group, originally named Stone Garden, featured early members including vocalist and maintained activity into the and beyond with multiple studio albums. A Norwegian Eurodance act also named Reset originated as a one-man studio project in 1994 by producer Stig Antonsen, though initial efforts remained unfinished, later evolving into recorded output in the electronic genre. Notable albums titled Reset include rapper Moneybagg Yo's debut studio release on November 2, 2018, distributed via N-Less Entertainment and Interscope Records, which debuted at number 23 on the Billboard 200 chart. Panda Bear (Noah Lennox) and Sonic Boom (Peter Kember)'s collaborative LP Reset, issued August 12, 2022, draws on 1960s samples including John F. Kennedy speeches and Beatles-esque psychedelia, marking their first equal-billed project with production emphasizing vintage tape loops and reverb-heavy arrangements. Guitarist Tommy Denander's hard rock project Radioactive released Reset on October 11, 2024, featuring sentimental tracks like the single "One More Time," produced with contributions from session musicians in the melodic rock vein. Songs titled "Reset" span genres, such as OutKast's track from their 2003 double album , featuring guest vocals by and Goodie over funky, experimental production. Highly Suspect issued "The Reset" as a single in July 2024, aligning with their style. Other examples include Anchorlines' 2013 post-hardcore rendition from the album TwentyTwelve.

Other Notable Uses

Zoology and Named Entities

In zoological , the term "reset" has appeared in debates over handling nomenclatural acts from pre- publications, particularly with the 2012 amendment to the (ICZN). This amendment sought to "reset the counters to zero" for online-published works lacking proper ZooBank registration, thereby reestablishing priority rules for new names and avoiding perpetual invalidation of thousands of zoological taxa due to technical oversights in early digital dissemination. The change prioritized stability in by allowing subsequent compliant publications to claim precedence, reflecting a pragmatic adjustment to evolving publication technologies rather than a wholesale revision of historical records. No genera, , or other formal zoological taxa are named Reset in binomial nomenclature under ICZN rules, as verified through taxonomic databases and . Informal uses of "reset" occur in software, such as the Zoological Information Management System (ZIMS) used by over 1,000 zoological institutions worldwide. In ZIMS, recording a group census—via actual count or estimate—triggers a "reset," establishing a fresh baseline for tracking animal numbers, movements, and demographics in enclosures, independent of prior inflows or outflows. This mechanism ensures accurate inventory without cumulative errors, supporting conservation breeding programs for endangered like the Sumatran rhino (Dicerorhinus sumatrensis), where precise population tracking is critical. In broader zoological research, "reset" describes physiological processes, such as the epigenetic reset during mammalian , where patterns are largely erased and reprogrammed to prevent intergenerational of parental marks, enabling totipotency in zygotes. This occurs via active demethylation in primordial germ cells, with efficiency varying by species—near-complete in mice but partial in humans—underpinning developmental plasticity across animal phyla. Such resets maintain genomic integrity amid evolutionary pressures, though failures contribute to phenomena like imprinting disorders in livestock breeding.

Miscellaneous Applications

In Scots law, "reset" denotes the criminal offense of knowingly receiving, harboring, or disposing of property obtained through or , distinct from the act of itself. This crime, punishable by imprisonment, extends to concealing stolen items to aid the thief, with historical roots tracing to 19th-century definitions emphasizing dishonest possession. Convictions require proof of knowledge that the goods were stolen, as outlined in cases under the (Consolidation) (Scotland) Act 1995. In finance, reset bonds are debt instruments where the interest rate is periodically adjusted, often through auctions or predefined mechanisms, to reflect market conditions. For instance, a bond may reset its rate every via a remarketing , altering the yield without constituting a significant modification under U.S. tax regulations. These securities, common in floating-rate structures, allow issuers to manage interest expenses dynamically, though schemes involving reset bonds have drawn scrutiny for potential , as detailed in UK HMRC guidance on creditor relationships. Merchandising resets in involve comprehensive rearrangements of store layouts, shelves, and product displays to align with updated , seasonal demands, or supplier directives, typically executed overnight to minimize disruption. merchandisers implement these changes by removing obsolete items, rebuilding fixtures, and optimizing placement for sales velocity, often following planograms provided by brands. Such resets can boost shopper navigation and impulse purchases but require precise execution to avoid stockouts, with industry reports noting their role in adapting to market trends like influences. In sports psychology, a "mental reset" refers to cognitive techniques athletes employ to refocus after errors, disruptions, or pressure, clearing negative rumination to restore performance. Common methods include verbal cues like "next play" or physical rituals, such as fist-clenching, to interrupt error loops and redirect attention to the present, as evidenced in timeouts used for psychological recalibration. highlights resets' efficacy in enhancing , with interventions like the RESET program (Resilience and Enhancement in Sport, Exercise, & Training) demonstrating improved and error recovery among athletes via online training modules tested in 2023 studies. Emerging in , "immune reset" describes therapeutic strategies, particularly T-cell therapy, that deplete autoreactive B cells to reprogram the in autoimmune diseases, aiming for sustained remission without ongoing . This approach, rooted in deep B-cell , has shown promise in conditions like systemic , where 2024 clinical data indicate potential for long-term tolerance induction by resetting dysregulated immunity, though risks like persist. Unlike symptomatic treatments, immune resets target root causes, with preclinical models confirming durable effects post-depletion, as reviewed in 2025 perspectives on achieving immunological equilibrium.

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