Daily Digest

Daily Digest 10/8 - The Useful Idiots, Life On The Jobless Plateau, Rethinking Nigerian Atomic Power

Saturday, October 8, 2011, 11:54 AM
  • World facing worst financial crisis in history, Bank of England Governor says
  • Morning Update/ Market Thread 10/6 - Life on the Jobless Plateau Edition
  • Mike Krieger On The "Useful Idiots"
  • IMF Advisor: Could See Eurozone 'Meltdown' in 2 Or 3 Weeks
  • The Top 100 Statistics About The Collapse Of The Economy That Every American Voter Should Know
  • Nigeria: Rethinking the Atomic Power Project
  • Solyndra Bankruptcy Could Hobble the U.S. Renewable Energy Sector
  • Global Food Production And Consumption Trends — An Energy-Based Approach

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Economy

World facing worst financial crisis in history, Bank of England Governor says (Phil H.)

Economists said the Bank’s decision to resume its quantitative easing [QE], or asset purchase programme, showed it was increasingly fearful for the economy, and predicted more such moves ahead.

Morning Update/ Market Thread 10/6 - Life on the Jobless Plateau Edition… (pinecarr)

If you want to see some of the actual faces behind those statistics, all you have to do now is turn on the television and there you will see many of them out on the streets in New York and across the nation, many of them now being arrested.

This Occupy Wall Street deal is starting to look a lot like the beginning of the protests in Egypt. Is this the real deal? I think it is, but I also know that it’s going to have to turn ugly, real ugly, in order to affect the type of change that those marching on the streets are looking for. They themselves don’t seem to really know how that change is going to occur, or what would be best for the nation as a whole. It’s a dangerous game, one in which I would not be surprised to see some sort of real nasty other event occur that shifts attention

Mike Krieger On The "Useful Idiots" (June C.)

am extremely disappointed by the way most people are belittling the Occupy Wall Street protests, which I firmly believe is an extraordinarily important moment in American history that will be seen as the moment when rebellion arrived on the streets of America. Despite my frustrations regarding how pretty much every commentator out there is trying to spin it negatively, this simple fact convinces me without a shadow of a doubt that this is the real deal and we are merely in the second stage of transformative change that Gandhi describes in the quote at the top. We are in the ridicule phase. That is good since like anything else, a transformative rebellion manifests as part of a cyclical process just like anything else.

IMF Advisor: Could See Eurozone 'Meltdown' in 2 Or 3 Weeks (kelvinator)

In his words: "If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system."

The Top 100 Statistics About The Collapse Of The Economy That Every American Voter Should Know (Phil H.)

The U.S. economy is dying and most American voters have no idea why it is happening.

Nigeria: Rethinking the Atomic Power Project (James S.)

Jonathan said, "We all know the importance of atomic energy. We have plans to generate power from atomic energy and we must pursue it seriously. But we need a very capable commission to facilitate and regulate our development and use of atomic energy for peace applications. "I am very pleased, therefore, to inaugurate your commission today. We expect you to come up with timelines for the delivery of atomic energy to our people and we will give you the resources you need to work. We are very hopeful that with the high caliber and credentials of members of the commission, our expectations will be realized," Abuja’s Leadership newspaper reported.

Solyndra Bankruptcy Could Hobble the U.S. Renewable Energy Sector (James S.)

“The debate around Solyndra is a Washington, DC-manufactured issue that is being driven by members of Congress who think they can get political gain for attacking an emerging sector of the private economy,” said Joshua Freed, director of the clean energy programme of centrist think-tank Third Way. “It’s hard not to be at the very least frustrated by this because there’s so much at stake.”

Global Food Production And Consumption Trends — An Energy-Based Approach (Crash_Watcher)

I am interested in seeing whether or not there are signs of peaking food production and of countries shifting from being net food exporters to net food importers (or vice versa). It stands to reason that if fossil fuels, and petroleum in particular, are important to the modern food production system, and if the world or various regions are at or near peak fossil fuel or petroleum production, then the world, regions or individual countries, may also be at or near peak food production.

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2 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
He has the power.

The National Security and Homeland Security Presidential Directive (National Security Presidential Directive NSPD 51/Homeland Security Presidential Directive HSPD-20, sometimes called simply "Executive Directive 51" for short), created and signed by United States President George W. Bush on May 4, 2007, is a Presidential Directive which claims power to execute procedures for continuity of the federal government in the event of a "catastrophic emergency". Such an emergency is construed as "any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government functions." [1]

My bold.

This law could never have been promulgated without 911.

It seems as though freedom requires eternal vigilance. You dropped the ball.

The video of 911 that I saw seemed to have been taken from a tripod.

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1447
World facing worst financial crisis in history

I first wonder if Sir Mervyn King knows what he is talking about.   After all, it seems that these persons appear to be clueless.  Can anyone confirm his credentials or is this another "the house is on fire" scare tactic to make banks right at the expense of the people ala Paulson in 2008?

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