Daily Digest 5/25 - Wealth On A Plane, On The Front Lines Of Food Safety
Wealth On A Plane (westcoastjan)
Did you know that the 400 richest people in America are wealthier than the bottom 60%? The 1%, you say? More like the 1% of the 1% of the 1% — and you can fit them all on one 747 commercial jet.
Spitznagel says he's pretty confident that the market will crash, or fall by more than 20%, in the next six months -- a year max.
The paper markets, however much manipulated or disconnected from the physical, are the only barometer available, for now. Under normal circumstances charts, which reflect the market forces, are the most reliable source of information. Here is what they are saying, at this point in time.
It was the Old Guard versus the Tea Party, but with real ramifications, as Congress careens toward another debt limit and spending crisis this fall with seemingly no one at the steering wheel. The newer members say negotiations should go forward only with a binding precondition that a budget deal cannot raise the government’s statutory borrowing limit.
Sandy Praeger, the insurance commissioner of Kansas, said she would help consumers understand their options. She said, however, that many of “the poorest of the poor” would fall into a gap in which no assistance is available.
The Kansas Medicaid program provides no coverage for able-bodied childless adults. And adults with dependent children are generally ineligible if their income exceeds 32 percent of the poverty level, Ms. Praeger said.
The organization’s donor roll reads like a who’s who of the ultrarich: billionaire candy heirs Forrest Mars Jr. and his brother, John (combined net worth: $44 billion, according to the Bloomberg Billionaires Index); German retail baron Erivan Haub ($4.9 billion); the foundation of Swiss medical device mogul Hansjoerg Wyss ($12.4 billion); and Susan Packard Orr, daughter of the co-founder of Hewlett-Packard Co. (HPQ) and chairwoman of the David & Lucile Packard Foundation, which has assets of $5.6 billion.
On The Front Lines Of Food Safety (jdargis)
“In those cases, the workers weren’t trained to address it or even recognize that those conditions might be problematic,” said Peter O’Driscoll, project director of Oxfam America’s Equitable Food Initiative. “Farm workers can be the eyes and ears of the farm, helping to improve food safety and pest contamination.”
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