Daily Digest 12/10 - The Supertanker Superhighway, How Markets Are Rigged Against You
How Markets Are Rigged Against You (westcoastjan)
“There’s a few smaller, inside actors who always seem to win,” he told Lang. “They have more information than anyone else.”
Everything from the price of food, to currencies, financial transactions known as “swaps” and interest rates are implicated, he says.
The above chart portrays the ratio of the price of $Gold to the S&P 500 back to 1945, or nearly 70 years. Solid black line is the average of that ratio. Last bar on the right is the current situation. At the present, the ratio of $Gold to the S&P 500 is at the lowest level experienced since 2008. $Gold ended that year at about $865. One should have been buying gold at that price, and that is what it is now suggesting.
Somewhere between Simon's compassion for the oppressed poor and middle class and Taleb's survival of the fittest plan to expose all but the most damaged totally to the risks of their own decisions is a great discussion on how to create a series of blueprints that could be used for life in the future.
BC Ferries to build 3 new LNG ferries (westcoastjan)
BC Ferries says using LNG could cut fuel costs by 50 per cent, based on current market rates and reduce greenhouse gas emission and air pollution. The ferry company spent about $121 million on fuel last year.
Snowden document shows Canada set up spy posts for NSA (westcoastjan)
The four-page missive is stamped “Top Secret” and dated April 3, 2013. That makes it one of the freshest documents Snowden was able to walk away with before he went public in June.
The briefing notes make it clear that Canada plays a very robust role in intelligence-gathering around the world in a way that has won respect from its American equivalents.
Russian lawmakers have reportedly attributed the central bank’s gold accumulation in part to a strategic shift away from reserve currencies like the dollar or the pound.
Experts say it may not be such a bad idea. Even with prices dropping, supply has been shrinking, which could mean steady or higher prices down the road.
President Vladimir Putin ordered Russia's military to increase its focus on the Arctic and finish plans by the end of the year to upgrade military bases in the resource-rich region where world powers jostle for control.
Like Bitcoin, JPMorgan’s proposed system would allow people to make anonymous, electronic payments over the internet, without having to reveal their name or account numbers or pay a fee, according to the patent application.
Concern that a radioactive plume is headed for the West Coast from the crippled Japanese Fukushima nuclear plant has prompted Marin County officials to monitor the situation. Fears about toxic pollution have prompted supervisors Susan Adams and Steve Kinsey to ask that public safety, health and coastal staff track the issue.
Take a ride on the supertanker superhighway (westcoastjan)
According to the latest studies, a spill is not a question of "if;" it's a matter of calculating the probabilities of when it will eventually happen. Riding on the ferry, it's amazing to see how a 160-metre-long ship can navigate such a narrow channel, especially when negotiating two almost-90-degree turns at the southern end.
2012 Calgary flood study foresaw June's devastation (westcoastjan)
John Pomeroy, Canada's Research Chair in Water Resources and Climate Change at the University of Saskatchewan, said the report was a comprehensive update on previous studies, recalculating flood probabilities based on population growth along the floodplain.
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