Daily Digest

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Daily Digest 9/12 - Greece Suffering 'Merciless Lashing', Local Food Pantries Almost Empty

Wednesday, September 12, 2012, 10:58 AM

Economy

Greece suffering "merciless lashing," _ president

Greece's President Karolos Papoulias urged the country's creditors Tuesday to ease their demands for more austerity, amid reports that international debt inspectors were pushing government to make tougher concessions on benefits and labor rights.
"Up until now, we've been receiving a merciless lashing," Papoulias told a delegation of visiting Canadian officials. "I think we have paid enough for our mistakes, and Europe must realize that it needs to help Greece."

EU, IMF give Portugal more time to meet deficit goals

The European Union and IMF agreed on Tuesday to ease budget goals imposed on Portugal under a 78-billion-euro bailout, giving Lisbon more time to meet the targets as its economy slides deeper into recession.
A "troika" of inspectors from the EU, IMF and European Central Bank said Portugal's deficit targets had been revised to 5.0 percent of Gross Domestic Product for this year, and 4.5 percent for 2013. Previously, the bailout had envisaged deficits of 4.5 percent this year and 3 percent in 2013.

Illegal Dumping a Growing Problem in Stockton (Video)

According to the city's Chief of Police, there used to be 40 code enforcement officers working on blight. Now there are only 13, and it's hard to find the money for more.
"Yeah, there are fewer code endorsement people on the streets," said City Councilwoman Susan Eggman. "So we rely on the eyes of citizens and volunteers."

US House Speaker Boehner says not confident about fiscal cliff

U.S. House of Representatives Speaker John Boehner voiced concern on Tuesday that a divided Washington may be unable to avoid a looming "fiscal cliff" at the end of this year that could push the country into a recession.
"I'm not confident at all," Boehner, the top Republican in Congress, said of the chances of success by Capitol Hill and the White House to resolve a number of fiscal issues, including expiring tax hikes for millions of Americans and automatic spending cuts, known as a sequester, totalling $1.2 trillion that will begin to go into effect in January.

Spanish, Italian Banks Rush to Sell Debt

Spanish and Italian banks are rushing to sell unsecured debt after European Central Bank plans to buy the bonds of financially-stressed sovereigns helped slash borrowing costs across the region.

Local Food Pantries Almost Empty (Kansas City)

There is a desperate need for food donations at Salvation Army centers across the Kansas City metro area.
Major Butch Frost told FOX 4 News demand for food is up 62 percent from last year. More families are out of work or struggling to make ends meet, so they are turning to local food pantries to feed their families, he said.
The problem is the Salvation Army right now only has enough food to give each needy family two to three meals.

Tuition fees rising faster than incomes and inflation, report warns (Canada)

A new report suggests tuition fees are becoming less affordable for many Canadians, forcing an increasing number of students to take on heavy debt loads.
The report from the Canadian Centre for Policy Alternatives shows that since 1990, average tuition and compulsory fees for undergraduates have risen by 6.2 per cent annually — three times the rate of inflation.

Health Premium Growth Slows to 4.5% in U.S., Kaiser Says

“This year’s 4 percent increase qualifies as a good year, but it still takes a growing bite out of middle-class workers’ wages, which have been flat or falling in real terms,” Drew Altman, president and chief executive officer of the foundation, said in a statement.

Senator Bernie Sanders: We Need Public Funding of Elections (Jaime)

There are a total of 2 federally elected officials (out of 536) on the Front Line against Crony Capitalism: Senator Bernie Sanders and Congressman Ron Paul. If you are stuck seeing the world in the left-right spectrum that dominates mainstream debate in this country, this will seem bizarre. But the spectrum we should be looking at first and foremost is between honest and compromised. Ron Paul and Bernie Sanders may have different ideas about the ideal way to handle many economic issues, but they are both honest about the corrupt political economy that is undermining our democracy. In this clip, Bernie Sanders discusses how money dictates what is legislated and who gets elected.

Paper Gold & Gold Passbook Scams (adam)

Throughout Asia, although gold investing is seemingly prevalent and a culturally accepted phenomenon, one must always ask the direct question...

Do you own paper gold OR physical gold ?!

Complex Systems Theorists Predict We're About One Year From Global Food Riots (cmurray)

In a 2011 paper, researchers at the Complex Systems Institute unveiled a model that accurately explained why the waves of unrest that swept the world in 2008 and 2011 crashed when they did. The number one determinant was soaring food prices. Their model identified a precise threshold for global food prices that, if breached, would lead to worldwide unrest.

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."

9 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2592
SailAway's picture
SailAway
Status: Gold Member (Offline)
Joined: Aug 11 2010
Posts: 343
America Under Attack

Looks like we are going to be at war again? :-(

http://www.zerohedge.com/news/america-under-attack-pictures-assault-us-consulate-libya

dps's picture
dps
Status: Martenson Brigade Member (Offline)
Joined: Jun 27 2008
Posts: 442
war?

I do not interpret the ZH link indicates war.

dps's picture
dps
Status: Martenson Brigade Member (Offline)
Joined: Jun 27 2008
Posts: 442
fuzzy numbers again?

(September 12, 2012) Washington - This morning’s USDA September WASDE and Crop Production reports confirmed that farmers are likely to harvest the eighth-largest corn crop on record this fall, despite enduring the worst drought conditions in more than 50 years. This morning’s reports projected an average corn yield of 122.8 bushels per acre (bpa), above analysts’ pre-report expectation of 120.5 bpa. The projected total crop size of 10.73 billion bushels (bbu.) also came in above the average expectation of 10.4 bbu. and is down less than 0.5% from the August estimate. Total supply for 2012/13 is estimated at 11.98 bbu., up slightly from the August estimate due to an increase of 160 million bushels in carry-in.

end quote

SailAway's picture
SailAway
Status: Gold Member (Offline)
Joined: Aug 11 2010
Posts: 343
Re: War

dps wrote:

I do not interpret the ZH link indicates war.

It does not but don't you thing the US will respond to this attack? Just wondering.

dps's picture
dps
Status: Martenson Brigade Member (Offline)
Joined: Jun 27 2008
Posts: 442
respond? yes. war? no.

We will puff out our chest and say "dang, you shouldn't have done that!"

We're busy with too many other global hot spots.

Plus, more folks are catching on that the US needs to stop babysitting the world.

RogerA's picture
RogerA
Status: Silver Member (Offline)
Joined: Jun 18 2009
Posts: 100
War? maybe not.

One of the comments in the zerohedge article got a very interesting link.

http://www.veteranstoday.com/2012/08/28/the-truth-about-the-2007-invasion-of-iran-and-the-woman-who-stopped-it/

The plans were in motion, plans that would have eventually collapsed the United States, plans also aimed at the destruction of Iran and the enslavement of her people. One person, known to few, played a key role in stopping this disaster.

http://www.veteranstoday.com/2012/09/06/american-terrorists-white-house-terror-czar-richard-clark-and-admiral-cosgiff-named-videos/

Evidence supports that naval personnel at the highest level, authorized by Vice President Cheney planned the assassination of a top US official, the bombing of US personnel and a staged false flag attack on America’s Fifth Fleet to begin a war with Iran in 2007.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2592
Financial crisis to cost $7.6 trillion by 2018

Financial crisis to cost $7.6 trillion by 2018

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2310
Bank Holiday in Portugal

Max, Stacy
I am on holiday in portugal and today NOT ONE BANK IS WORKING
THE BANKSTERS HAVE BLOCKED ALL ATM MACHINES
EVEN TH E HOTELS CREDIT CARD MACHINES ARE NOT WORKING SO PEOPLE CANNOT PAY
TREVOR

Max and Stacy

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