Daily Digest

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Daily Digest 5/19 - The Health Toll Of Immigration, Rebuilding The Coastline At What Cost?

Sunday, May 19, 2013, 11:12 AM

Economy

Lew asks Congress for debt increase, says it’s 'not open to debate' (Dana T.)

The letter comes as the debt limit is set to take effect on Sunday, after being suspended for three months by Congress. The last time the nation approached its $16.4 trillion borrowing limit, lawmakers agreed to suspend the borrowing cap, and then to automatically raise it to cover borrowing subject to the limit that occurred during that three-month stretch.

Cities: How crowded life is changing us (westcoastjan)

The sheer concentration of people attracted by the urban lifestyle means that cosmopolitan cities like New York are host to people speaking more than 800 different languages – thought to be the highest language density in the world. In London, less than half of the population is made of white Britons – down from 58% a decade ago. Meanwhile, languages around the world are declining at a faster rate than ever – one of the 7,000 global tongues dies every two weeks.

Gold In 2013 – Too Many Mysteries Remain Inexplicable (Taki T.)

Only a couple of days ago Eric Sprott analyzed the official US Census Bureau data. It proves that the US was again a net exporter of gold in Q1 of this year. The figures show that “$11.1 billion in exports of non-monetary gold and $4.1 billion in imports of the same, for a net export of $7 billion USD in non-monetary gold in the first three months of 2013. Using an average price of gold over this time period of $1,631 this equates to another 121 tonnes of gold that left the United States.” We do not know if these figures make it to the official reports; we can only rely on people on the field for a conclusion. Eric Sprott’s take on this is that the only plausible seller of that much bullion is the US Government.

So Far, the Battery Charger Is Working in Japan (jdargis)

“What is happening in Japan is revolutionary,” said Mohamed El-Erian, the chief executive of Pimco, one of the world’s largest bond managers. “Nothing they’ve done since the Second World War comes close in terms of economic experimentation,” he said.

The Health Toll Of Immigration (jdargis)

A growing body of mortality research on immigrants has shown that the longer they live in the United States, the worse their rates of heart disease, high blood pressure.

Wells Fargo Rises to Record Close as Home Market Rebounds (jdargis)

The bank dominates the U.S. mortgage business, where it originated almost 3 in 10 home loans last year. The median resale home price in 150 U.S. cities jumped 11.3 percent in the first quarter to $176,600, the biggest rise in seven years, the National Association of Realtors reported May 9.

Rebuilding The Coastline, But At What Cost? (jdargis)

Nearly seven months after Hurricane Sandy decimated the northeastern coastline, destroying houses and infrastructure and dumping 11 billion gallons of untreated and partially treated sewage into rivers, bays, canals and even some streets, coastal communities have been racing against the clock to prepare for Memorial Day.

Gold & Silver

Click to read the Gold & Silver Digest: 5/17/13

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

Denny Johnson's picture
Denny Johnson
Status: Gold Member (Offline)
Joined: Aug 13 2008
Posts: 324
Alasdair Macleod, Bank balances and gold

http://www.goldmoney.com/gold-research/alasdair-macleod/bank-balances-and-gold.html?gmrefcode=gata

It will be interesting to see how many more bullion banks are forced to admit the fiction behind their customer accounts in the coming weeks. For the moment the temporary solution amounts to rationing bullion supplies to the public.

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