Daily Digest 7/8 - Charles Ferguson's "Inside Job", Relentless Heat Wave Continues, Is The Carter Doctrine Working?
If you have not seen this movie, you must do so. Then share it. Every American should be aware of what is transpiring at the highest levels of our establishment. Of course, this goes beyond America's borders; everyone should be aware of the injustice, criminality, and corruption that sways policy and creates a needlessly precarious financial world for us all.
The Carter Doctrine: Is It Working? (Crash_Watcher)
Well, if the Carter Doctrine remains vitally important, and was successful, then I would have expected to see at least a continuation of the same flow rates of oils to the USA, Europe and Japan, if not increases, relative to the flow rates of oils to other regions of the world.
However, I find little support for this notion, based on my analysis (based on data reported in the BP review and starting at Part 1) of the trade flows of petroleum between different regions of the world.
In reality, the flows of oil to North America, Europe, and Japan from the Middle East have gone down over the last decade, and, the trend is for the proportions of oil to these regions to further decline, in favor of increased flows of oil to China and other Asia Pacific countries, other than Japan.
Most investors don’t realize that when they walk into a bank or brokerage firm branch, the representatives there are essentially free to emblazon their business cards with whatever titles they please — financial consultants, advisers, wealth managers, to name a few. But if you’re looking for someone who is qualified to give smart advice about all aspects of your financial life while keeping costs down, you may not be in the right place.
78 Dead in Southern Russia Floods (jdargis)
The Interior Ministry gave the death toll as 103 on Saturday evening, according to Russian news agencies; a regional ministry spokesman said earlier that at least 67 of the deaths were around Krimsk, about 1,200 kilometers (750 miles) south of Moscow. Five people were electrocuted in the Black Sea coastal city of Gelendzhik after a transformer fell into the water, state news agency RIA Novosti said.
Anna Kovalevskaya, whose parents live in the flooded area, described water inundating their home up to the roof.
Uprooting GM Crops with Creole Seeds (gallantfarms)
Through participatory research, the experiment utilized a small area of farmland to evaluate which local seeds performed best for the type of soil and climate of his local community. Seu Lazaro and other farmers in his group were impressed by what they saw, particularly when they, collectively, harvested the area and weighed how much each variety yielded.
Seu Lazaro says that the GM seed vendors’ sweet talk doesn’t convince him anymore.
More than 200 record highs were broken on Friday throughout the Midwest and along the East Coast. And more records fell on Saturday. In Washington, the high was 105, which was a record for the day and 1 degree shy of the hottest temperature ever recorded there.
In St. Louis, the thermometer hit triple digits before 11 a.m., extending the city’s record streak of 100-degree days to 10 in a row.