Daily Digest

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Daily Digest 6/28 - Don't Go To Art School, Radiation Skyrockets At Fukushima

Friday, June 28, 2013, 10:19 AM

Economy

Don't Go To Art School (Amanda)

Artists are neither doctors nor lawyers. We do not, on average, make huge six-figure salaries. We can make livable salaries, certainly. Even comfortable salaries. But we ain’t usually making a quarter mil a year. Hate to break it to you. An online debt repayment calculator recommended a salary exceeding $400,000 in order to pay off a RISD education within 10 years.

US farmers look to Congress for immigration reform (westcoastjan)

Under the H-2A visa programme, which allows temporary farm workers, mostly from Mexico, mostly men, to come to the country to help with seasonal work, many of them have been coming to the US - and then leaving - for decades.

Jose Luis Rano Castro has worked on the same farm for 18 years.

The pay - at $9.68 (£6.30) an hour - is triple what he can make in Mexico.

The Great Comex Paper Gold Dump: Online Real-Time Physical Gold Price Datasource (goldrunner1)

What you – and the world at large – refers to as the “Gold Price” today is actually the price of "futures" contracts traded on electronic "futures exchanges" operating in various countries, primary among them being the COMEX in the US operated by the CME Group and "regulated" by the CFTC.

Geologist explains why Uttarakhand tragedy was man-made (Amanda)

"These tectonic faultlines, which are active and see back-and-forth movements, have been cut in many places by roads. More dangerously, roads are built along the faultlines at many places. As a result, tiny seismic movements in the faultlines weaken the rocks at the base of the roads, making these stretches susceptible to cave-ins and slides," Valdiya said.

Fed Officials Try to Ease Concern of Stimulus End (jdargis)

On Thursday, the three officials emphasized that the Fed was increasingly optimistic about the durability of economic growth. And they reiterated that they expected to reduce the volume of the Fed’s monthly bond purchases later this year. But the Fed’s overall effort to reduce borrowing costs will continue as long as necessary, most likely for years to come.

Investors, they said, need to gently place interest rates back down on the floor.

Finance Committee Asks Senators to Start Tax Reform Process (jdargis)

“Our message to lawmakers is the charitable deduction must be included in any sensible tax reform legislation. The charitable deduction is unique in that it requires individuals to give their money away for the benefit of society,” said Sandra Swirski, executive director of the Alliance for Charitable Reform, a group formed to protect the tax deduction for giving.

Energy Return on Investment is too Low to Maintain Current Economic System (James S.)

In order to extract oil or create biofuels, or to make any other type of energy investment, at least four distinct elements described in Figure 1: (1) adequate payback on energy invested, (2) sufficient wages for humans, (3) sufficient credit availability and (4) sufficient funds for government services. If any of these is lacking, the whole system has a tendency to seize up.

Radiation Levels Skyrocket at Fukushima (kelvinator)

Tokyo Electric Power, the operator of the stricken nuclear power plant at Fukushima, said Wednesday that it had detected high levels of radioactive strontium in groundwater at the plant, raising concerns that its storage tanks are leaking contaminated water, possibly into the ocean.

Gold & Silver

Click to read the Gold & Silver Digest: 6/27/13

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2773
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 2773
Central banks sell record sums of US debt

Central banks sell record sums of US debt (or get the story here)

Wendy S. Delmater's picture
Wendy S. Delmater
Status: Diamond Member (Offline)
Joined: Dec 13 2009
Posts: 1583
"regulated"

I love the quotation markls on "regulated" by the CFTC. Think of them as air quotes.

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