Daily Digest 6/13 - Companies Scramble For Consumer Data, Technology And Freedom
Global Tumult Grips Markets (Wendy SD)
The big questions hanging over markets and the global economy now: Is this is the inevitably bumpy beginning of a welcome return to normal—a world in which the U.S. economy doesn't need big and repeated doses of monetary stimulus, Japan grows again and China's economy gently slows to a sustainable speed?
The Avatar Will See You Now (VeganD)
Receiving remote medical care is becoming more common as technologies improve and health records get digitized. Sense.ly, the California startup running the trial, is one of more than 500 companies using health-care tools from Nuance, a company that develops speech-recognition and virtual-assistant software. “Our goal is basically to capture the patient’s state of mind and body,” says Ivana Schnur, cofounder of Sense.ly and a clinical psychologist who has spent years developing virtual-reality tools in medicine and mental health.
Neil Macdonald: Obama's whistleblower conundrum (westcoastjan)
Obama's spokesman, Jay Carney, elaborated on Monday: "The kind of technological advances we've seen when it comes to communications will only continue. And this is a matter that is absolutely appropriate for public debate."
Chinese Prepare for Public Flood into Gold (Arthur Robey)
Volker & Greenspan join ranks of the concerned, speculative gold shorts signal a bottom?
60% chance of global recession: Pimco (Nervous Nelly)
The latest data on gross domestic product shows the U.S. economy grew at a 2.4% annual pace in the first three months of the year as it continues to recover from recession.
Meanwhile, the 17 eurozone nations continue to struggle. The eurozone economy contracted for a record sixth consecutive quarter at the start of 2013.
Technology and freedom: iSpy (westcoastjan)
One of the interesting points in Tyler Cowen's ebook "The Great Stagnation" is that, historically, technological advance has both created demand for and enabled growth in the reach of the state. Air travel, for instance, generated interest in and demand for government involvement in everything from direct production of aircraft to construction of airports to management of air traffic to control over passenger security. Those demands broadened the scope of government involvment in our lives—being groped and/or photographed naked is now a standard part of life for the American traveling public—while also directly expanding the government's reach in other ways. The same technology that allows travelers to flit off for a weekend in the Bahamas gives America the ability to project power across the globe.
Companies scramble for consumer data (VeganD)
As basic information on consumers becomes ubiquitous, data brokers are tracking down even more details. For $0.26 per person, LeadsPlease.com sells the names and mailing addresses of people suffering from ailments such as cancer, diabetes and clinical depression. The information includes specific medications including cancer treatment drug Methotrexate and Paxil, the antidepressant, according to price details viewed by the FT.
Sprott thinks that the major and intermediate mining companies will be forced back into the acquisition market in 9-12 months. These are assets that depreciate fairly rapidly and in order to maintain their production they are going to have to come back into the merger and acquistion markets. Rick also points out that it is currently cheaper to buy a stock on the Toronto Stock Exchange than it is to go out and find it. "So those look like the sweet spots to me".
Schenk, who spent 14 years working for county and city government, says the deal is not as sweet as it sounds. It required employees to have at least 20 of service to qualify, meaning he had to buy an additional six years. It cost him about $440,000.
What Helps Organic Soils Store More Carbon? (westcoastjan)
Boosters of organic food often say the practice, which rejects synthetic fertilizers and pesticides, is a good method for curbing climate change because it stores more carbon in the soil. But aside from anecdotal observations, no one could really explain the dynamics behind why organic fields keep more carbon underground than conventional ones.
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