Daily Digest 2/14 - Why Greece's Fate Is So Important, The Final Tipping Point, French Nuclear Anxiety Soars

• Why Greece’s Fate Is So Important
• Athens In Flames
• Orwellian Doublespeak Dominates Economic Policy
• John Williams of Shadow Stats, "This Is End Of The World Type Stuff"
• Peter Grandich Now Predicting Gold Prices To Top $2,350/oz
• The Final Tipping Point: Sheeple Meet Cliff
• For California, Attorney General Insisted on Better Terms in Foreclosure Deal
• French Nuclear Anxieties Soar After Fukushima

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Economy

Why Greece’s Fate Is So Important (David B.)

Today is the first day of massive protests in Athens, Thessalonika and other cities. Five ministers resigned from the coalition cabinet of Lukas Papademos. Germany’s Finance Minister Wolfgang Schäuble cast a shadow of doubt over the proposed implementation of austerity measures since they haven’t followed through on the conditions from the first bailout. Several members of the “nationalst” Laos party resigned and refused to back the settlement. It’s getting ugly.

Athens In Flames (jdargis)

Over the weekend, more than 45 buildings across Athens were set ablaze by violent protesters. The fires began as the Greek Parliament passed a strict package of austerity measures, in an effort to meet demands by the European Union and the International Monetary Fund. The measures, which were prerequisites for a $170 billion bailout, included steep public-sector job cuts and a 20 percent reduction in the minimum wage. More than 80,000 Greeks reportedly demonstrated in the streets of Athens -- among them, a small, violent group that hurled firebombs at riot police and set dozens of fires. More than 120 police and protesters were injured. The next step for the new austerity measures is implementation, and that may face strong opposition as well.

Orwellian Doublespeak Dominates Economic Policy (estatesavr)

If compound obfuscation is your fancy, try "unemployment insurance." It's the only kind of "insurance" where your benefits can go up even when you are out of work and not paying any premiums. And if you stop looking for work as soon as you finish collecting benefits, you are no longer unemployed. Brilliant!

John Williams of Shadow Stats, "This Is End Of The World Type Stuff" (Phil H.)

http://www.youtube.com/watch?feature=player_embedded&v=b02-ZlrEj9w#!

Peter Grandich Now Predicting Gold Prices To Top $2,350/oz (David B.)

The majority of investors usually can withstand the financial risk that they’re taking, but greatly underestimate the mental anguish that can come from the downside of what their investments or speculations/gambling will bring. Wall Street created the word “speculating” so that it doesn’t have to use the word “gambling,” but it’s gambling. You have to be prepared to lose part or all your money when you gamble and I don’t think most investors are. They think of the best possible scenario and never think of the worst.

The Final Tipping Point: Sheeple Meet Cliff (pinecarr)

But what really floored me was the second principle. Social scientists revealed that with herds it only takes 5 percent of the herd to create a "social tipping point". This 5 percent is actually large enough to nudge the herd in a different direction. Which brings focus to Einstein's quote:

"The world is a dangerous place to live; not because of the people who are evil, but because of the people who don't do anything about it."

For California, Attorney General Insisted on Better Terms in Foreclosure Deal (jdargis)

Along the way, Ms. Harris charted a lonely course, keeping her distance from potential allies and angering some of her peers in other states, who saw her as grandstanding. On one side, Ms. Harris, a close Obama ally, faced increasing pressure from the administration to return to the negotiating table. On the other, liberal groups mounted a concerted push to get her to wring more from the banks.

French Nuclear Anxieties Soar After Fukushima (James S.)

The study determined that after the "shock to public opinion" that the Fukushima accident on 11 March 2011 caused, nuclear power risks have climbed to the fourth-highest concern of the French, behind unemployment, the financial crisis, and (social) exclusion. Today, 55 percent of the population consider nuclear power plant risks "high" and only 24 percent "trust the authorities" to protect the public against this danger. More than 80 percent "want the safety assessment of French nuclear facilities to take place in a pluralistic manner," with (the involvement of) international experts.

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