Daily Digest 11/17 - The Young And The Broke, Converting Wasted Energy To Electricity, Keystone XL Pipeline Will Be Rerouted
- Presenting Deutsche Bank's Pitchbook To The ECB To Go "All In"
- The young and the broke – 37 percent of young households held zero or a negative net worth in 2009
- We’re In The Middle Of A Run On Europe—And It’s Gonna Get Worse
- Why Krugman's Argument Against Fossil Fuels Fails Economics 101
- USA Export Land Model Analysis For Food Energy Production And Consumption: Part 3
- Every Little Helps - Converting Wasted Kinetic Energy into Electricity
- Keystone Pipeline Will Be Rerouted
- Mongolia bids to keep city cool with 'ice shield' experiment
Behold: "The Tipping Point - Time To Call The ECB" - Deutsche Bank's definitive attempt to encapsulate the Mutual Assured Destruction that we are "certainly" all going to suffer, unless the ECB prints, and prints, and prints. The bottom line, you would tell Draghi, is "do nothing, and pull the cord now; or do something, risk hyperinflation which may or may not come, but at least extend and pretend for a few years." And one wonders why Crude is about to pass $100...
It is hard to imagine a future generation of Americans were those moving forward are actually poorer than the current generation. Yet that is precisely the world we are diving into. Those that purchased homes in the pre-bubble days and alsoattended college in less inflated times have a massive head start on the current younger generation that is contending with a bursting housing bubble and a financial system that might as well be a roulette wheel. One startling figure from a recent Pew Research report shows that 37 percent of young households hold zero or a negative net worth. This is not a good way to build a healthy financial future. The wealth gap between previous generations is also becoming increasingly large. This narrative ties into the overall systemic pilfering of themiddle class.
France is seeing historic spreads this morning with the 10-year yield at 3.67%, and Holland—Holland!—seeing wicked spreads as well. Christ, Holland is essentially Germany’s Germany insofar as fiscal prudence is concerned—and the Dutch yield is surprisingly wide.
In a recent column, “Here Comes the Sun,” Paul Krugman invokes this view to argue for major taxation on fracking (and, by implication, all other fossil fuel production). To believe otherwise, he says, is to be economically illiterate.
Fewer than 2 percent of Americans farm for a living today (USDA Extension). That would be about 6.1 million people in the USA in 2007 or, less than 0.1 percent of the world’s population, responsible for 15 percent of the world’s food energy production. This is truly a remarkable accomplishment and a testament to the efficiency of the industrial, petroleum-driven food production system.
NET has developed a rumble strip called MotionPower that converts the movement and changes in velocity of vehicles into electricity. However, the amounts of electricity produced are small and are therefore more useful for powering devices local to the rumble strip. Rather than providing an alternative to fossil fuelled power plants it is more likely to provide a more cost effective alternative to solar panels.
Company chief executive John Conklin told AFP that this type of system has tremendous potential in high-traffic areas, such as sports venues, shopping malls, and toll and border crossings, to power lighting and other electrical systems.
At a special session of the Nebraska Legislature, a state senator announced Monday that TransCanada had agreed to adjust its intended route of the Keystone XL oil pipeline to avoid the environmentally sensitive Sand Hills region of the state.
The project aims to artificially create "naleds" - ultra-thick slabs of ice that occur naturally in far northern climes when rivers or springs push through cracks in the surface to seep outwards during the day and then add an extra layer of ice during the night. Unlike regular ice formation on lakes - which only gets to a metre in thickness before it insulates the water below - naleds continue expanding for as long as there is enough water pressure to penetrate the surface. Many are more than seven metres thick, which means they melt much later than regular ice.
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