Daily Digest 12/18 - Tunisia Celebrates Revolution Anniversary, Young Vets Return To Scant Jobs, Oil Rig Sinks Off Russia

• In a Sign of Labor Recovery, More Workers Are Quitting
• Cradle Of Arab Spring Celebrates First Anniversary
• Writers And Artists Design Money Fit For Modern Times
• Trustee to Seize and Liquidate Even the Stored Customer Gold and Silver Bullion From MF Global
• As Wars End, Young Veterans Return to Scant Jobs
• Year of Misfortune: Top 12 Billion-Dollar U.S. Disasters
• Oil Rig Sinks Off Russia; 49 Missing

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Economy

In a Sign of Labor Recovery, More Workers Are Quitting (jdargis)

The rate of hiring began to fall in late 2005, well before the recession began, but did not plunge until the recession was well under way, when the credit crisis was taking hold. It has begun to recover — in the latest 12 months the hiring rate was 42 percent, up from a low of less than 38 percent. But hiring remains far below levels before the downturn.

Cradle Of Arab Spring Celebrates First Anniversary (jdargis)

Tens of thousands of people packed a provincial town square to celebrate the first anniversary on Saturday of Tunisia's democratic revolution in the place where it began, unleashing a tide of popular revolt that has transformed the Arab world.

Writers And Artists Design Money Fit For Modern Times (jdargis)

What you hold in your hands is a Hole Earth Note. It is a memorial note but also a cautionary note. It recalls our time “in the hole,” where our old currency landed so many of us, while acknowledging the debts we continue to run up with nature and each other as we consume. It is also a play on holiness, since money used to be our religion, until we evolved The hole at the centre, which at its most literal represents everything money cannot buy or repay, might also be seen as an open window for the non-material and uncountable to re-enter our lives. Generosity. An attitude of abundance. The rich inner life. Deep community. The ability to be content. It stands as an invitation to redefine worldly success.

Trustee to Seize and Liquidate Even the Stored Customer Gold and Silver Bullion From MF Global (June C.)

Obviously holding unallocated gold and silver in a fractional reserve scheme is subject to much more counterparty risk than many might have previously admitted. If a major bullion bank were to declare bankruptcy or a major exchange a default, how would it affect you? Do you think your property claims would be protected based on what you have seen this year?

As Wars End, Young Veterans Return to Scant Jobs (jdargis)

Corporal Rhoden, who is 25, gawky and polite with a passion for soldiering, is one of the legions of veterans who served in combat yet have a harder time finding work than other people their age, a situation that officials say will grow worse as the United States completes its pullout of Iraq and as, by a White House estimate, a million new veterans join the work force over the next five years.

Year of Misfortune: Top 12 Billion-Dollar U.S. Disasters (jdargis)

Historic U.S. weather catastrophes took an unprecedented toll in human lives and livelihood in 2011. At least 12 natural disasters wreaked more than $1 billion in damage apiece, according to the U.S. National Climate Data Center. When all the lost crops have been tallied, insurance claims filed and ravaged assets accounted for, the number is likely to be 14, with a total cost of more than $50 billion. The previous high was eight, in 2008.

Oil Rig Sinks Off Russia; 49 Missing (jdargis)

The two ships that had been towing the rig, an icebreaker and a tugboat, found 14 survivors, according to a statement from the Russian Ministry of Emergency Situations.

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