Daily Digest

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Daily Digest 5/20 - Market Boom Or Bubble, Fertile Plains Turn to Dust In TX

Monday, May 20, 2013, 12:02 PM

Economy

Canada Jobs Grant: Harper Government Buying Ads To Promote Program That Doesn't Yet Exist (westcoastjan)

The concept requires that Ottawa, the province and the employer kick in up to $5,000 each toward the training of a worker.

Legislation to create the federal training grant is still months away from even being considered by Parliament — which is why the TV ads note in fine print that the program is "subject to parliamentary approval."

Motive, Means, & Opportunity in the Gold Market (GE Christenson)

Hence, central banks and governments have a strong motive to “manage” the inevitable price increases in gold. They have a motive to suppress the price and to allow it to rise gradually over time, while occasionally smashing it down and temporarily destroying confidence in gold as an alternative to unbacked paper currencies. The press helps by regularly claiming gold is in a “bubble.”

The Spreading Consequences Of Syria's Civil War (jdargis)

In March, 2012, I visited Hatay, a region in the south of Turkey that borders Syria, to report on Syrian refugees. The conflict in Syria had been in full force for a year then, and the border remained open. Syrians poured into Hatay’s camps and cities, moving their families into tents or—if they were lucky or connected or had a little bit of money—into apartments. Work had begun on Kilis camp, where a grid of sturdy container homes replaced tents. Refugees had already built schools and set up clinics; some had gotten jobs. Even while it opened its doors, the Turkish government was wringing its hands. The refugee population had reached almost one hundred thousand. The word “crisis” was used a lot.

Boom Or Bubble? (jdargis)

For investors, that’s obviously good news: there’s nothing wrong with profits, and the rebound of the stock market has helped restore many Americans’ battered finances. Still, it’s unsettling that companies and investors are doing so well while the economy as a whole is stuck in the mud. Throughout the postwar era, high corporate profits were coupled with rising wages and strong economic growth. Today, there’s a growing divide between the fortunes of corporate America and those of the majority of Americans.

Natural Gas – The “Slow Process that's Gathering Speed” (James S.)

“This is interesting—if you look at fundamentals you could say it will go back under $2 as there is so much supply. But the market is anticipating more demand. It’s probably stalling at this juncture, but you have to see it below $3 to see it crater to $2 and I don’t see that happening.”

Lines In The Sand (jdargis)

Carbon-dioxide levels have been monitored at the observatory ever since, and they’ve exhibited a pattern that started out as terrifying and may be now described as terrifyingly predictable. They have increased every year, and earlier this month they reached the milestone of four hundred parts per million. No one knows exactly when CO2 levels were last this high; the best guess is the mid-Pliocene, about three million years ago. At that point, summertime temperatures in the Arctic were fourteen degrees warmer than they are now and sea levels were some seventy-five feet higher.

Tornadoes Level Homes in Okla., Killing One Person (jdargis)

Across the state, 21 people were injured, not including those who suffered bumps and bruises and chose not to visit a hospital, said Keli Cain, a spokeswoman for the Oklahoma Department of Emergency Management. Booth said six at Steelman Estates were hurt.

Following the twisters, local emergency officials went from home site to home site in an effort to account for everyone. Cain said that, many times in such situations, people who are not found immediately are discovered later to have left the area ahead of the storm. Booth said everyone from the trailer park had been found.

Wells Dry, Fertile Plains Turn to Dust (Michael W., Ben Johnson)

Vast stretches of Texas farmland lying over the aquifer no longer support irrigation. In west-central Kansas, up to a fifth of the irrigated farmland along a 100-mile swath of the aquifer has already gone dry. In many other places, there no longer is enough water to supply farmers’ peak needs during Kansas’ scorching summers.

And when the groundwater runs out, it is gone for good. Refilling the aquifer would require hundreds, if not thousands, of years of rains.

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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UK- Energy bills 'could overtake mortgages in five years’

Energy bills are rising so steeply that they could overtake mortgage repayments in parts of Britain in just five years’ time, the chief executive of supplier, First Utility, has claimed.

http://www.telegraph.co.uk/finance/newsbysector/energy/10066442/Energy-b...

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