Daily Digest

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Daily Digest 2/25 - $9T Missing from Federal Reserve, Can New Technology Save Fish?

Monday, February 25, 2013, 12:17 PM

Economy

Not Done Rising, But Night Will Come (Ilene)

Lee Adler of the Wall Street Examiner on what's next for the economy and the stock market. Main points and processes - and a question of timing.

Britain will take years to earn back AAA rating, says Ken Clarke (ScubaRoo)

Analysts from IHS Global Insight warned separately that the pound looked vulnerable. A falling pound would be helpful for British businesses trying to export goods, but it would raise the cost of spending abroad for anyone taking holidays or buying foreign products. It could also add to inflation at a time when there is already a squeeze on the cost of living.

9 Trillion Dollars Missing from Federal Reserve, Federal Inspector General Can't Explain (Phil H.)

Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.

Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity: Study (Amanda)

Even if the minimum wage kept up with inflation since it peaked in real value in the late 1960s, low-wage workers should be earning a minimum of $10.52 an hour, according to the study.

Between the end of World War II and the late 1960s, productivity and wages grew steadily. Since the minimum wage peaked in 1968, increases in productivity have outpaced the minimum wage growth.

Gold - Revisited Weekly Buy Signal (GE Christenson)

A golfer is normally pleased when he hits a mighty drive off the tee. Occasionally that drive fades a bit too much, glances off an unfortunately placed tree, and makes an unlucky bounce out of bounds. That golfer must hit another from the tee box, and this time he is “hitting three” instead of “hitting one.”

A New Cold War, in Cyberspace, Tests U.S. Ties to China (jdargis)

The issue illustrates how different the worsening cyber-cold war between the world’s two largest economies is from the more familiar superpower conflicts of past decades — in some ways less dangerous, in others more complex and pernicious.

Adults Are Flocking to College That Paved Way for Flexibility (jdargis)

Ms. Hunt estimated that her degree in business administration, plus a simultaneous associate degree in applied science, had cost her $5,300, including books and fees. There are almost as many routes to a Thomas Edison degree as there are students. In a way, that is the whole point of the college, a fully accredited, largely online public institution in Trenton founded in 1972 to provide a flexible way for adults to further their education.

Gulf of Mexico Oil Spill: Transocean to Pay $1 Billion in Civil Charges (James S.)

Attorney General Eric Holder stated that, “Transocean’s guilty plea and sentencing are the latest steps in the department’s ongoing efforts to seek justice on behalf of the victims of the Deepwater Horizon disaster. Most of the $400-million criminal recovery -- one of the largest for an environmental crime in U.S. history -- will go toward protecting, restoring and rebuilding the Gulf Coast region.”

Quantum Algorithm Breakthrough (Arthur Robey)

Professor Jeremy O'Brien, director of the Centre for Quantum Photonics at the University of Bristol said: "Implementing a full quantum algorithm without knowing the answer in advance is an important step towards practical quantum computing. It paves the way for important applications, including quantum simulations and quantum metrology in the near term, and factoring in the long term."

Can New Technology Save Fish? (westcoastjan)

Fishermen on the trial are obliged to land all the cod they catch, whatever the size. They have been rewarded with increased quotas and permitted extra days at sea.

Ms Damanaki says cameras will be essential – especially for the biggest boats – if the EU adopts a policy of zero fish discards.

Gold & Silver

Click to read the Gold & Silver Digest: 2/22/13

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."

4 Comments

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saxplayer00o1
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saxplayer00o1
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Huge gold short position detailed in Commitments of Traders

Huge gold short position detailed in Commitments of Traders

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2466
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2466
Bernanke just endorsed Japanese Prime Minister Abe

"Bernanke just endorsed Japanese Prime Minister Abe. "I think they should try to get rid of deflation," he said, after a give and take with Sen. Shelby on central bank balance sheet size."

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