Daily Digest

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Daily Digest 9/10 - How Banking Culture Has Transformed, Caribbean Coral Reefs In Danger

Monday, September 10, 2012, 11:33 AM

Economy

China’s imports shrink in sign downturn worsening (westcoastjan)

Analysts expect Chinese growth that fell to a three-year low of 7.6 per cent in the latest quarter to rebound late this year or in early 2013. But they say it likely will be too weak to drive a global recovery without improvement in the United States, which is struggling with a sluggish recovery, and debt-crippled Europe.

How banking culture transformed over the decades (westcoastjan)

The recent attempted Libor-fixing scandal, for example, is "disgusting", the former JP Morgan banker says, who also worked as a trader and as a Bank of America manager. "There was no reason to do that. It was just cheap - it's like hitting somebody when they're not looking."

Bankers in the past were not white-gloved gentlemen and the industry has not been without its share of scandals and miscreants.

Construction and Real Estate Hinder China’s Growth (jdargis)

“Business is slow these days — just look around this shopping center, there are so few people walking around,” said Zhong Yongping, a beautician in downtown Chengdu, as she woke on Thursday from an afternoon nap while she waited for a customer to show up.

Energy

How Population, Energy Supply, and the Economy Depend on Each Other (James S.)

The next major breakthrough was the industrial revolution using coal. Even before this, there were major energy advances, particularly using peat in Netherlands and early use of coal in England. These advances allowed the world’s population to grow more than four-fold between the year 1 CE and 1820 CE. Between 1820 and the present, population has grown approximately seven-fold.

Using Yeast to Create Biofuel (James S.)

The bisabolene must then be chemically converted to bisabolane so it can be used in a normal diesel engine, and this is currently a sticking point. The ultimate goal is the complete microbial production of the fuel, reducing the environmental impact of the production process and driving down the costs.

Breakthrough Energy Movement Conference 2012 Holland (Arthur Robey)

We will present a three-day program covering the past, present and future of breakthrough energy technologies and their world changing implications. The content has been carefully put together to not only interest scientists, students, technicians and entrepreneurs, but also provide basic knowledge for the general public.

Environment

Dawson Creek and Shell elude water shortage crisis (westcoastjan)

“There isn’t a project like this anywhere else in Canada, maybe the world. And it couldn’t have come at a better time,” said Mr. Bernier, whose community on the weekend ramped up its emergency-water-management plan to stage four.

This stages imposes the highest level of restriction on domestic and industrial users.

Caribbean coral reefs face collapse (Michael W.)

Carl Gustaf Lundin, director of the global marine and polar programme at the International Union for Conservation of Nature (IUCN), which published the research, said: "The major causes of coral decline are well known and include overfishing, pollution, disease and bleaching caused by rising temperatures resulting from the burning of fossil fuels. Looking forward, there is an urgent need to immediately and drastically reduce all human impacts [in the area] if coral reefs and the vitally important fisheries that depend on them are to survive in the decades to come."

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."

11 Comments

saxplayer00o1's picture
saxplayer00o1
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saxplayer00o1
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Soros: Germany going into depression in 6 months

Soros: Germany going into depression in 6 months

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SailAway
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Insight: GM's Volt: The ugly math of low sales, high costs

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts. GM on Monday issued a statement disputing the estimates.

http://www.cnbc.com/id/48973409

Is the Volt Math Fair? Yes and No

http://www.cnbc.com/id/48974022

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Poet
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Chris Hedges: Growth Is the Problem

Chris Hedges, a former Pulitzer Prize winning journalist, and winner of the Southern California Onlie Journalist of the Year 2012 award, is writing about it. Just another sign that the truth about debt and oil and population and all that (i.e. the 3Es) is starting to become more widespread...

Chris Hedges: Growth Is the Problem (September 10, 2012)
"The quality of our lives will depend on the quality of our communities. If communal structures are strong we will be able to endure. If they are weak we will succumb to the bleakness. It is important that these structures be set in place before the onset of the crisis, he says. This means starting to 'know your neighbors.' It means setting up food banks and farmers' markets. It means establishing a local currency, carpooling, creating clothing exchanges, establishing cooperative housing, growing gardens, raising chickens and buying local. It is the matrix of neighbors, family and friends, Heinberg says, that will provide 'our refuge and our opportunity to build anew.'"
http://www.truthdig.com/report/page2/growth_is_the_problem_20120910/

Poet

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John Lemieux
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Not for the Faint of Heart, Chris Hedges talks with Bill Moyers

I trust and greatly admire Chris Hedges. And it is largely through his articles and books have come to awaken to what I now believe is the shocking truth of the dire predicament facing humanity. But I'm amazed that people like him and Naiomi Klien have chosen to have children recently given what they believe is in store for us in the near future. I can only assume that they must have hope for humanity.

But Chris Hedges states clearly that the forces of greed in the US and elsewere have succeeded in taking over the Democratic process. And that these forces will continue until our all the availible resources of the planet have been plundered and that the ecosystems that sustain us will be destroyed. He believes that they have won and that the only way left to fight these forces now is through open revolt. Though in no way does not advocate using any kind of violence. He says that we now have have to be willing to make the personal sacrifices such as getting arrested or worse to effect the kind of changes that are required.

Listen to some of what he has to say in this interview with Bill Moyers:

http://billmoyers.com/segment/chris-hedges-on-capitalism%e2%80%99s-%e2%80%98sacrifice-zones%e2%80%99

Poet's picture
Poet
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The Importance of Having Children

It is important to have children (where relatively possible) even in uncertain times.

I take the long view, like John Michael Greer does. There may be ecological or societal collapses, but humanity will survive.

  • Because humankind will survive the collapse or decline of civilization, we need to positively influence the lot of humanity. Having or adopting children, and raising them right, will have a great impact on the future.
  • Having children gives us a stake in a positive outcome for the future. We will act and work accordingly.
  • Having children isn't just about love, it is also how mankind for generations have ensured their well-being in old age. There likely won't be Social Security or Medicare in the future.
  • If you are part of the majority ethnic or religious identity, it may not be as important. But if you are part of a minority ethnic or religious identity, having children becomes even more important if you want to see your culture and your people continue on.

Poet

John Lemieux wrote:

I'm amazed that people like him and Naiomi Klien have chosen to have children recently given what they believe is in store for us in the near future. I can only assume that they must have hope for humanity.

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Doug
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Hedges

Poet, thanks for linking Hedges' article.  I greatly admire his intellectual incisiveness and ethical base.  I was always a bit disappointed that he hadn't come around to the three E set of issues.  I'm glad he's there now.

While I respect the nonviolent pov, it only works under certain conditions.  And, it won't protect against your basic yahoo criminal types.  I'm more worried about them than the gov't sending in the jack booted thugs.  Non-violence may actually work if its a matter of changing government in this country.  But, it will have to be a mass movement.  That requires the sheeple to wake up.  What are the odds?

Doug

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treebeard
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Following natures model

I sometimes think that we should not imagine ourselves different from the seeds of a tree.  Of the thousands of seeds that are produced, only a few take root and grow, and fewer still ever grow to adult trees.

Perhaps that is the metaphore for human beings of our time, us.  But still we must do what we perceive to be right and do what we can to move things forward (including having children).  To do what is right in the face of insurmountable odds is what makes us most human.

Since Howard Zinn died, it's nice to still have Chris Hedges still around.  The voices are few are far between.

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John Lemieux
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The importance of having children

Poet,

Touchy subject. Don't get me wrong, I'm not down on all of humanity. I also agree with all of your points, especially about taking the long term view.

It's obvious that I believe that we are headed for environmental catastrophe. And very likely a massive die off of species both human and otherwise before the end of this century. Life will be increadibly challenging in the days ahead I'm sure. But life has always been uncertain. And humans are without a doubt an increadibly resiliant and adaptive species. So I'm also certain that humanity will survive.

I have made the personal choice not to have children. But I did not intend to make a value judgement against those that do. I'll admit that given his dire outlook and predictions, I was surprised to hear that Chris Hedges recently had what I think Bill Moyers said is his fourth child. But what I also thought was that despite his grim outlook he must still have hope for the future of humanity.

J.

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efarmer.ny
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Humanity as a Forest

Treebeard:

Humans produce thousands of seeds but few become children. Of the many humans seeds that take root, only a few become "great" (by whatever definition you choose). But every human can make a difference in their sphere of influence no matter how small it is, just as every tree contributes to nature in some way.

But like any analogy, things can only be taken so far. If humanity is a forest, who gets to be the forester and decide which trees get to stay and which get removed?

Most first-world humans are too far removed from the outcomes of their actions. I am able to teach my (multiple) children about scarcity because our well does not produce enough water for both farm and house so managing rain and pond water is built into the fabric of our lives. Long showers have a cost.

I do not see having multiple children is as bad. But for me, raising them with a simplistic consumer surplus-oriented-throw-away mindset is.

So the big difference for me is that trees don't help frame their offsprings' view of the world and humans do.

efarmer.ny

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saxplayer00o1
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