Daily Digest

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Daily Digest 2/22 - Crunched Consumers Are Cutting Back, How Bees And Flowers Communicate

Friday, February 22, 2013, 12:48 PM

Economy

Crunched Consumers Are Cutting Back (Nervous Nelly)

The environment has made consumers more cautious when it comes to highly discretionary purchases like clothes or eating out, said Sarah Quinlan, senior vice president for market insights at MasterCard Advisors.

Gold, silver coins acceptable forms of payment? (adam)

Arizonans who fear the federal government will make their folding money worthless may soon be able to substitute privately minted gold and silver coins.

The Senate Finance Committee on Wednesday took the first steps to making such coins legal tender in Arizona. SB1439 would give them the same legal status as bills and coins authorized by Congress."

North Korea: Preparing for War

Earlier this week, satellite images indicated renewed activity at a North Korean nuclear site where a test was launched in early December. On 12 December, North Korea launched a long-range rocket putting a satellite into orbit. This is a major success for North Korea and few others have achieved it. (South Korea responded by successfully launching its own satellite into orbit for the first time in late January.)

Royal Bank joins TD bracing for loan slowdown (westcoastjan)

Royal Bank of Canada, which is trading near an all-time high, Toronto-Dominion Bank and the country’s four other main lenders are expected to post a 6.9% increase in per-share profit excluding some items for the quarter ended Jan. 31, according to Darko Mihelic, an analyst at Cormark Securities Inc. in Toronto.

Energy

Zambia seizes control of Chinese-owned mine amid safety fears (westcoastjan)

A Zambian miner was charged with the murder of a Chinese supervisor at the Collum mine last year. In 2010, Chinese managers were accused of firing on protesting miners.

Australian gas giant eyes partnerships in Canada (westcoastjan)

“There is potential to add value in Canada,” Mark Wiseman, a Sydney-based analyst at Goldman Sachs Australia Pty said Friday in an e-mail response to questions. “

“Those projects will likely be toward the upper end of the LNG cost curve. They won’t be cheap, and may face delays. But with strong demand growth in the Asian market, several Canadian projects should find a home.”

NASA's Basement Nuclear Reactor (Jason C.)

Currently, nuclear power means one of two approaches. There’s fission, which involves splitting atoms of uranium or plutonium to release energy, and is employed in all military and civilian nuclear plants. Then there’s fusion, which involves forcing together hydrogen atoms to form helium and releasing even more energy. The former has been controversial for decades while the latter has been in the research phase since the 1950s, and is still as far away from practical application now as it was then.

Fracking has a Lesson to Learn from the Sinking City (James S.)

The City of Long Beach Department of Oil Properties described the scene: “the ocean inundated wharves, rail lines and pipelines were warped or sheared, while buildings and streets were cracked and displaced.”

Eventually engineers halted the subsidence by injecting water into the reservoir as extraction occurred in order to maintain the pressure.

Environment

Bees and flowers communicate using electrical fields, researchers discover (Arthur Robey)

The discovery of such electric detection has opened up a whole new understanding of insect perception and flower communication. Dr. Heather Whitney, a co-author of the study commented: "This novel communication channel reveals how flowers can potentially inform their pollinators about the honest status of their precious nectar and pollen reserves". Professor Robert said: "the last thing a flower wants is to attract a bee and then fail to provide nectar; a lesson in honest advertising since bees are good learners and would soon lose interest in such unrewarding flower".

Donald Couture, Canadian Food Wholesaler, Nabbed By U.S. In 'Project Honeygate' (jdargis)

Couture was initially charged in a sealed complaint in November 2011 and the complaint was unsealed after he was indicted last week. Each count carries a maximum penalty of three years in prison and a $250,000 fine.

Gold & Silver

Click to read the Gold & Silver Digest: 2/21/13

Provided daily by the Peak Prosperity Gold & Silver Group

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."

7 Comments

littlefeatfan's picture
littlefeatfan
Status: Silver Member (Offline)
Joined: Jul 20 2009
Posts: 141
More 3E related Links, Resources and Cartoons

http://3es.weebly.com/ American Pie Edition

Please give a thumbs up if a useful resource!

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saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
Fed Officials Reject Warning Losses May Weaken FOMC Clout

Fed Officials Reject Warning Losses May Weaken FOMC Clout

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2774
National debt passes $16.6 trillion

Treasury Direct link

The Daily History of the Debt Results

Historical returns from 02/01/2013 through 02/21/2013

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

 

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
02/01/2013 11,598,372,554,293.94 4,835,407,359,586.40 16,433,779,913,880.34
02/04/2013 11,626,337,288,025.30 4,848,711,110,140.49 16,475,048,398,165.79
02/05/2013 11,625,727,190,868.48 4,855,183,465,735.48 16,480,910,656,603.96
02/06/2013 11,625,346,979,571.39 4,854,607,678,532.18 16,479,954,658,103.57
02/07/2013 11,629,141,154,310.54 4,858,423,143,581.49 16,487,564,297,892.03
02/08/2013 11,629,086,187,262.76 4,859,822,660,565.49 16,488,908,847,828.25
02/11/2013 11,628,591,907,992.80 4,861,338,742,601.35 16,489,930,650,594.15
02/12/2013 11,628,648,227,429.31 4,865,719,111,994.35 16,494,367,339,423.66
02/13/2013 11,668,602,027,147.93 4,855,702,571,931.11 16,524,304,599,079.04
02/14/2013 11,684,037,184,012.31 4,856,763,106,135.15 16,540,800,290,147.46
02/15/2013 11,690,221,227,952.85 4,858,705,577,176.51 16,548,926,805,129.36
02/19/2013 11,690,986,523,097.68 4,861,832,619,109.72 16,552,819,142,207.40
02/20/2013 11,726,900,735,373.96 4,861,850,299,932.41 16,588,751,035,306.37
02/21/2013 11,745,346,816,554.79 4,862,971,540,821.75 16,608,318,357,376.54

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2502
Magic Words.

Two words jump out at me from this quote.

“There is potential to add value in Canada,” Mark Wiseman, a Sydney-based analyst at Goldman Sachs Australia Pty said Friday in an e-mail response to questions. “

Goldman Sachs.

They have quite a reputation.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 2502
A load of Codswhollop.

In the late 1980s, it went by the name of “cold fusion.” Its proponents were light on theory and not very rigorous in experimenting.

Source.

That is pure slander. What is happening is that guffaws of laughter at Pons and Fleishmann are having to be swallowed and it is sticking in the craw.

P&F were fine electrochemists who reported what they saw. Experimentalists had to produce data for the Theoreticians to mull over and come up with a theory (or theories. There may be more than one phenomenon). This is the nature of science. The refutations were eagerly and prematurely embraced.

“Extraordinary claims require extraordinary evidence.”

Carl Sagan.

He later regretted having said it as it is a load of codswhollop.

chm's picture
chm
Status: Bronze Member (Offline)
Joined: May 28 2011
Posts: 46
Greece's New Homeless: "We have not even water to drink"

http://www.keeptalkinggreece.com/2013/02/23/greeces-new-homeless-mom-dad-3-underage-kids-living-in-a-van/

“A job, any job,” is what Konstantinos Deliyiannis, 52, and his wife, Dimitra Golfinou, 47, want. Unemployed since 19 and 13 months respectively. Together with their two daughters, they moved to the house of Dimitra’s parents. “I can’t take it anymore. We have not even water to drink. We have debts to water company that threatens to cut off the supply,” Dimitra tells Nea Kriti.

“I go everywhere and ask for a job, even a temporary one. My husband is construction worker.”

The family manages to survive only due to food supplies from the church, occasionally to some help from former employers.

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