Daily Digest

Daily Digest 11/6 - A Silver Lining To America's Decline, Occupy My Wallet, A Hard Road For The Poor In Need Of Cars

Sunday, November 6, 2011, 9:41 AM
  • Austerity Faces Test as Greeks Question Their Ties to Euro
  • A Silver Lining to America’s Waning Influence
  • Can Anyone Really Create Jobs?
  • Occupy My Wallet: Moving Money Off Wall Street
  • A hard road for the poor in need of cars
  • Occupy Wall Street Protest Reaches a Crossroads
  • Oklahoma Hit by Earthquake for a Second Night in a Row
  • Stone-Washed Blue Jeans (Minus the Washed)

Follow our steps to prepare for a world after peak oil, such as how to store & filter water

Economy

Austerity Faces Test as Greeks Question Their Ties to Euro (jdargis)

The turmoil in the government of Prime Minister George A. Papandreou means that Greece is about to call that bet. Many Greek politicians appear to be calculating, at this late stage, that they have more to lose by sticking to Germany’s terms than by risking a messy default, and even going it alone with their old currency, the drachma, outside the euro zone.

A Silver Lining to America’s Waning Influence (jdargis)

The last few months may well end up being an inflection point, in which the United States, though easily still the world’s leading power, no longer has quite the responsibility or the burden it once did. The pattern has been evident in the Arab Spring, with the American military playing mostly a supporting role in Libya, and now in the European financial crisis, with Asian money coming to aid the Europeans.

“Why would the United States want to have influence over a train wreck?” said George Friedman, the chief executive of Stratfor, a geopolitical risk analysis company. “If the Chinese want to provide $150 billion bailing out European banks, more power to them.”

Can Anyone Really Create Jobs? (jdargis)

The answer is no. And that goes for presidential candidates too.

Occupy My Wallet: Moving Money Off Wall Street (jdargis)

John Bogle, founder of the Vanguard Group and the first index mutual fund, doesn’t necessarily support the protesters. He does, however, think their anger toward Wall Street is justified and that indexing could be an effective means of boycotting the Street’s most speculative firms. “Indexing fulfills the Adam Smith-ian argument that if you do best for yourself, you will serve society well,” Bogle says. “The implication of that is if many more people indexed, there’d be much less trading in the market, and that’s good because it's costly. There’d also be much less big payoffs to investment managers, and that’s good for the returns earned by investors and good for our society, too.”

A hard road for the poor in need of cars (jdargis)

No car, no work. That's the conclusion Lisa Twombly reached as she fought to hang on to her job as a caretaker for an elderly San Diego couple. Taking the bus and bumming rides from friends wasn't cutting it, and she was repeatedly late for work.

Told she'd be fired if it happened again, Twombly put down $4,000 — all her savings — on a 9-year-old Chrysler Sebring with 95,000 miles. The dealership lent her the $2,600 balance at a steep 18% interest rate.

Occupy Wall Street Protest Reaches a Crossroads (jdargis)

If the question used to be “What do they want?” it has shifted in recent days to “How long will it last?”

Oklahoma Hit by Earthquake for a Second Night in a Row (jdargis)

Justin Reese, manager of the Boomarang Diner in nearby Chandler, Okla., the seat of Lincoln County, said the shaking went on for about a minute and 40 seconds. He said that there was some damage but that it was too dark to say how much.

“It was scary,” said Mr. Reese, who added that Oklahomans “were not used to something like that.”

Stone-Washed Blue Jeans (Minus the Washed) (jdargis)

So to protect its bottom line, Levi Strauss has helped underwrite and champion a nonprofit program that teaches farmers in India, Pakistan, Brazil and West and Central Africa the latest irrigation and rainwater-capture techniques. It has introduced a brand featuring stone-washed denim smoothed with rocks but no water. It is sewing tags into all of its jeans urging customers to wash less and use only cold water.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

13 Comments

JMill's picture
JMill
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Posts: 4
Nice variety

Almost every article is from the New York Times. 

littlefeatfan's picture
littlefeatfan
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Joined: Jul 20 2009
Posts: 141
3E Links, Resources and Cartoons Weekly Summary

This weeks summary of 3E links, resources and Cartoons posted at http://3es.weebly.com/

Resources this week

http://www.motherearthnews.com/real-food/roast-pumpkin-seeds-zmrz11zalt.aspx  Roasting Squash and Pumpkin Seeds

http://www.realitysandwich.com/sacred_economics_ch_16_transition_gift_economy  Sacred Economics: Transition to Gift Economy

http://www.yesmagazine.org/blogs/shannon-hayes/toilet-paper-preparedness-or-true-resilience  Toilet Paper Preparedness vs True Resilience

https://www.transitionnetwork.org/stories/ann-owen/2011-10/permaculture-budget  Permaculture on a budget

http://www.hobbyfarms.com/farm-marketing-and-management/farmer-entreprener.aspx  Farming and Entrepreneurial Life

http://transitionculture.org/2011/11/01/new-from-transition-network-a-guide-to-embedding-diversity-and-inclusion-in-transition/  Embedding diversity and inclusion in Transition

http://www.youtube.com/watch?feature=player_embedded&v=Z_JI2Rvdzqs  Hack a wind up flashlight to charge your cellphone

http://www.treehugger.com/green-home/raising-chickens-patriotic-duty-uncle-sam-says-so.html  Raising Chickens is a Patriotic Duty

http://ecosalon.com/the-story-of-stuff-a-conversation-with-annie-leonard-343/  Story of Stuff: A conversation with Annie Leonard

http://rt.com/news/greek-creative-crisis-solution-841/  Cashless transactions

http://www.motherearthnews.com/grow-it/power-of-gardening-zb0z11zsto.aspx  Start your subversive gardening plot today TED VIDEO

http://podcasts.stroudfm.co.uk/index.php?cat=The%20Transition%20Show  The Transition Show with Rob Hopkins AUDIO

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060
$294 billion shortfall for transportation over next decade (CA)

 

"California faces a staggering $293.8 billion shortfall over the next decade to maintain its crumbling roads, outdated freeways and cash-strapped transit agencies.

The California Transportation Commission's first review of state transportation needs since 1999 paints a scenario through 2020 that is beyond bleak and suggests that today's jammed and pothole-riddled roadways may one day seem like the good old days.

"Today, California's transportation system is in jeopardy," says the 2011 Statewide Transportation System Needs Assessment. "Investments to preserve transportation systems simply have not kept pace with the demands on them, and this underfunding -- decade after decade -- has led to the decay of one of the state's greatest assets."

California needs $536.2 billion through 2020 for transportation needs, but it can expect only $242.4 billion over that time from federal, state and local sources of revenue.

And that does not include the $98.5 billion needed to build high-speed train tracks from Southern California to the Bay Area."

"Greece's conservative opposition leader has insisted on his demand for immediate elections, snubbing a government offer to form a power-sharing coalition and extending a political deadlock in the debt-shackled country.

Center-right New Democracy party leader Antonis Samaras made the remarks Saturday shortly after the Socialist government called on him to join a four-month coalition aimed at securing a mammoth new European debt deal.

Samaras described Prime Minister George Papandreou as "dangerous for the country" but did not say whether he would attend any negotiations with the government."
 

 

France to unveil new austerity steps and French Austerity to Cut Deficit as Growth Slows, Juppe Says

20 Italian Politicians Mull Leaving Berlusconi's Party

Berlusconi Rejects Calls to Resign Over Fiscal Crisis

Johnny Oxygen's picture
Johnny Oxygen
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Posts: 1443
Southern Cross wrote:Almost
Southern Cross wrote:

Almost every article is from the New York Times. 

 

SC

Anyone can send in an article.

Looks like jdargis submitted most everything today.

It's not always the same person from the same source.

I take it you're not a fan of NYT.

rhare's picture
rhare
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Joined: Mar 30 2009
Posts: 1323
Please - submit articles....
Sounthern Cross wrote:

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

You can contribute articles to the daily digest, the link is at the bottom of the DD thread. 

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
on NY Times for Southern Cross
Southern Cross wrote:

Almost every article is from the New York Times. 

that's doing you a service...NY times is a subscription publication, if you go to their site you have to pay to read them; but when DD links them, you get to read them for free

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
Re: Oklahoma Earthquake

 

Shale Shocked: “Highly Probable” Fracking Caused U.K. Earthquakes, and It’s Linked to Oklahoma Temblors -  A previously unreported study out of the Oklahoma Geological Survey has found that hydraulic fracturing may have triggered a swarm of small earthquakes earlier this year in Oklahoma. The quakes, which struck on Jan. 18 in a rural area near Elmore City, peaked at magnitude 2.8 and caused no deaths or property damage. The study, currently being prepared for peer review, follows news today that Cuadrilla Resources, a British shale gas developer, has found that it was “highly probable” its fracturing operations caused minor quakes of magnitude 2.3 and 1.5 in Lancashire, England. The Cuadrilla study could complicate the expansion of hydraulic fracturing for shale gas in risk-averse Europe, where France has already banned the practice. That’s E&E News PM on the twin earth-shaking reports on an emerging concern about fracking, which involves blasting massive amounts of water through rock under high pressure to get the gas out.

Xanthis's picture
Xanthis
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Posts: 7
Southern Cross wrote: Almost
Southern Cross wrote:

Almost every article is from the New York Times.

Very observant.

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
Thank-you, Jeanine
Southern Cross wrote:

Almost every article is from the New York Times. 

It is easy to criticize.  It takes a little more effort to step up and lighten the load by contributing informative articles to the DD on occassion.  It takes a lot of effort and dedication to do the job 6 days a week, every week, every month, like JDargis does. 

Thank-you, Jeanine. 

yoshhash's picture
yoshhash
Status: Martenson Brigade Member (Offline)
Joined: Sep 20 2008
Posts: 271
Peter Schiff attempts dialogue at OWS

Very courageous, in my opinion.  As usual he does a very good job, makes a very strong point.  One of the rare voices speaking in support of capitalism, the 1%, without belittling or polarizing.

http://www.cbsnews.com/video/watch/?id=7386330n

guardia's picture
guardia
Status: Platinum Member (Offline)
Joined: Jul 26 2009
Posts: 592
Re: Peter Schiff attempts dialogue at OWS
yoshhash wrote:

Very courageous, in my opinion.  As usual he does a very good job, makes a very strong point.  One of the rare voices speaking in support of capitalism, the 1%, without belittling or polarizing.

http://www.cbsnews.com/video/watch/?id=7386330n

But where does everyone get the idea that they are against capitalism? Seriously, I haven't found where they say that...“the 1%“ is just an image BTW

jeaninedargis's picture
jeaninedargis
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Posts: 28
Thanks so much,

Thanks so much, Carrie! Sometimes I just don't have the time to look for a broad spectrum of articles when I don't have too many user submissions. If you don't like what's listed, please submit more articles! And I actually do this 7 days a week :)

- Jeanine, your tireless Daily Digest editor

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060
Thanks so much, Carrie!

Thanks so much, Carrie! Sometimes I just don't have the time to look for a broad spectrum of articles when I don't have too many user submissions. If you don't like what's listed, please submit more articles! And I actually do this 7 days a week :)

- Jeanine, your tireless Daily Digest editor

 

Thanks again, Jeanine, for all of the work that you do for the DD.

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