Daily Digest

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Daily Digest 11/19 - The Twinkie Manifesto, Mapping Sandy's Death Toll

Monday, November 19, 2012, 12:53 PM

Economy

U.S. Pivots, China Bristles (westcoastjan)

The US does not grant China any equivalent of the Monroe Doctrine, the 19th Century declaration that other powers shouldn't interfere in the America continent.

Far from it. America is beefing up its military presence with a new base in Australia and fresh agreements with the Philippines and Japan. The message is that smaller countries worried about China's new-found interest in the "near abroad" (to coin a Soviet phrase) have a big and heavily armed friend.

Renaissance or Dark Ages: It’s our choice (Jeff F.)

If we stop supporting specific aspects of each power structure, small changes will take root and bloom into positive change. Economy and jobs are the hot button topics that the media and government focus on. Money is the Holy Grail in our society today. We all know that Wall Street and mega-corporations are raping the social fabric of our society. Remove your money from their hands and they will have less power. Corporations will do anything it takes to get your money. If you alter your spending patterns, you can guarantee corporations will alter their businesses plans. If you purchase ethical and environmentally sound products and more people do the same, corporations will be forced to adapt or they will go out of business. As more businesses enter the “ethical” space, prices will drop because of free-market principles. Costs will go down as volumes and competition increase.

On Surviving The Monetary Meltdown (Thomas C.)

Whenever paper money dies, eternal money – gold and silver – stage a comeback. We have already seen a major re-monetisation of gold over the past decade, as the metal again becomes the store of value of choice for many investors. This will continue in my view, and even accelerate.

The Twinkie Manifesto (westcoastjan)

Squeezed between high taxes and empowered workers, executives were relatively impoverished by the standards of either earlier or later generations. In 1955 Fortune magazine published an essay, “How top executives live,” which emphasized how modest their lifestyles had become compared with days of yore. The vast mansions, armies of servants, and huge yachts of the 1920s were no more; by 1955 the typical executive, Fortune claimed, lived in a smallish suburban house, relied on part-time help and skippered his own relatively small boat.

Solar storm as desert plan to power Europe falters (westcoastjan)

The hope was that by 2050, around 125 gigawatts of electric power could be generated. This would meet all the local needs and also allow huge amounts of power to be exported to Europe via high-voltage direct current cables under the Mediterranean sea.

Spain's banks see bad debts hit new high (westcoastjan)

An audit of 14 of the country's banks carried out by US consultants Oliver Wyman announced in June that the banks would need to raise 59bn euros of extra capital - money owed to the banks' shareholders - in order to absorb potential future losses on duff loans and investments.

In August, the government created a "bad bank" to take over troubled loans from the banks.

Privatizing Greece, Slowly But Surely (jdargis)

“If the government wanted to privatize here, they would have to bulldoze everything,” says Makis Paraskevopoulos, the local mayor. “And that’s never going to happen.”

Body of One Oil Platform Worker Is Found in Gulf (jdargis)

Officials said no oil was leaking from the charred platform, a relief for Gulf Coast residents still wary two years after a spill caused by an explosion on a rig leased by BP illustrated the risk that offshore drilling poses.

Ten Predictions Made by the IEA's 2012 World Energy Outlook (James S.)

The IEA’s 2012 World Energy Outlook has spurned many a headline since its release on Monday, which should be none too surprising given it is 688 pages long. The executive summary of the report can be viewed here (which is 676 pages less than the full version), while through even more distillation here are ten points I have gleaned from it in the past few days.

Arundo Donax, Or 'Giant Reed,' Could Be The Next Miracle For Renewable Energy (westcoastjan)

To people in the renewable fuels industry, Arundo donax – also known as "giant reed" – is nothing short of a miracle plant. An Oregon power plant is looking at it as a potential substitute for coal, and North Carolina boosters are salivating over the prospect of an ethanol bio-refinery that would bring millions of dollars in investment and dozens of high-paying jobs to hog country.

Mapping Hurricane Sandy's Deadly Toll (jdargis)

In more inland areas, downed trees were more often the cause of death. The days after the storm were also deadly, as people tried to clear away storm damage or used poorly ventilated generators to ward off the dark and the cold.
Some victims’ names have not been released, as the authorities seek to reach their families.

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."

3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2472
Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 2718
Prepper and Survivalist Expo

I guess its going mainstream.

http://www.npsexpo.com/

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2082
The Moron needs Oxygen.

This is or leaders' view.

The big question is: what is the sustainable growth rate of the economy?

Reserve Bank of Australia, Glen Sephens.

Someone please eMail him this video explaining the exponential function.

"Sustainable growth" is an oxymoron.

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