Daily Digest

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

Sunday, December 18, 2011, 11:52 AM
  • 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.

Article suggestions for the Daily Digest can be sent to dd@PeakProsperity.com. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

5 Comments

littlefeatfan's picture
littlefeatfan
Status: Silver Member (Offline)
Joined: Jul 20 2009
Posts: 141
3E links, cartoons, resources weekly Summary

Posted at  http://3es.weebly.com/ 

Top Links this week

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
anyone seen this?

http://offgridsurvival.com/livingoffthegridcrime/

Apparently living off the grid, off the land and without government assistance is now a crime that can land you in jail and cause you to lose your home.

Government officials across the country are forming so called “nuisance abatement teams” to intimidate people into giving up their land or conforming to the governments demands and hooking back into the grid. Counties across the country are actually jailing people for living the way they want to live.

This video alerts you to what the poor people in the California Desert are being forced to deal with. From being threatened with jail time if they don’t hook back into the grid to being thrown in jail because the county didn’t like the look of their homes, the people in the deserts of Los Angeles County are being terrorized by their government.

Mr. Fri's picture
Mr. Fri
Status: Silver Member (Offline)
Joined: Feb 21 2009
Posts: 208
DTM, Good video.  They

DTM,

Good video.  They must have something planned for the area if they're using a special team to get them off their properity.  California has really gone off the deep end.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2587
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2587
Investors can't get back gold/silver from MF Global

"It's one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It's something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%.

That, in essence, is what's happening to investors whose bars of silver and gold were held through accounts with MF Global.

The trustee overseeing the liquidation of the failed brokerage has proposed dumping all remaining customer assets—gold, silver, cash, options, futures and commodities—into a single pool that would pay customers only 72% of the value of their holdings. In other words, while traders already may have paid the full price for delivery of specific bars of gold or silver—and hold "warehouse receipts" to prove it—they'll have to forfeit 28% of the value.

That has investors fuming. "Warehouse receipts, like gold bars, are our property, 100%," contends John Roe, a partner in BTR Trading, a Chicago futures-trading firm. He personally lost several hundred thousand dollars in investments via MF Global; his clients lost even more. "We are a unique class, and instead, the trustee is doing a radical redistribution of property," he says.

Roe and others point out that, unlike other MF Global customers, who held paper assets, those with warehouse receipts have claims on assets that still exist and can be readily identified. "

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