Daily Digest

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Daily Digest 4/21 - General Electric Motors, Giant Snails Attack Florida

Sunday, April 21, 2013, 1:29 PM

Economy

Financial transactions tax: UK launches legal challenge (westcoastjan)

The 11 countries going ahead with the FTT are Germany, France, Italy, Spain, Belgium, Austria, Portugal, Greece, Slovenia, Slovakia and Estonia.

Under their plans, transactions of shares, currencies and bonds would be taxed.

Alchemists of Wall Street at it again: Arcane-sounding names hide big risks (westcoastjan)

Banks are turning out some types of structured products as fast or faster than they did before the bottom fell out. So far this year, for instance, banks have issued $33.5 billion in bonds backed by commercial mortgages, slightly more than they did in early 2005, when the real estate market was flying high, according to data from Thomson Reuters.

‘Sorry, officer, I’ll watch my speed next time’: Dubai adds Lamborghini and Ferrari to police fleet (westcoastjan)

The Aventador and FF are at the forefront of what Mr. Khalfan Tamim calls “updating the police patrol cars to enhance the security on roads in accordance with the highest international standards and technical developments.”

To Central Bankers: You Are Golden Toast On A Silver Spoon (Taki T.)

We have frequently stated that those with power will not give it up without a fight, and that they will stop at nothing to retain it. You are witnessing an example of the extremes to which the fiat-issuers will go. We have also frequently warned that when it comes to markets, Anything Can Happen! You have an example of both, from last week.

Robert Hirsch: Peak Oil as seen through the eyes of Arab oil producers (Gilbilly)

The going-in assumption was that “peak oil” will occur in the near future. The timing of the impending onset of world oil decline was not an issue at the conference, rather the main focus was what the GCC countries should do soon to ensure a prosperous, long-term future. To many of us who have long suffered the vociferous denial of PO by Gulf Cooperation Council (GCC) and OPEC countries, this conference represented a major change. In the words of Kjell Aleklett (Professor of Physics at Uppsala University, Sweden), who summarized highlights of the conference, the meeting was “an historic event.”

Tesla: General Electric Motors (jdargis)

Tesla’s current car, the Model S, with prices starting at $52,400, has won rave reviews. Electric motors produce maximum torque from a standing start, which can mean great performance. Tesla has many fans, especially among Californian tech-loving early adopters. They are vocal in rebutting the carmaker’s doubters, who are also not hard to find.

Depleted North Atlantic cod stocks are unlikely to recover, according to study (westcoastjan)

It's been more than 20 years since Ottawa declared a moratorium on the commercial cod fishery, a once thriving Atlantic Canadian industry.

Hutchings says the study suggests that recovery is quite unlikely now for cod because of a failure to act when we could have.

Giant Snails Advance On Florida (westcoastjan)

Residents could soon begin encountering them more often, crunching them underfoot as the snails emerge from underground hibernation at the start of the state's rainy season in seven weeks, Ms Feiber told the Reuters news agency.

She added that the snails attack "pretty much anything that's in their path and green".

Gold & Silver

Click to read the Gold & Silver Digest: 4/19/13

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."

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littlefeatfan
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