Daily Digest

Daily Digest 3/4 - Oakland Truck Vendors Unite For Protection, The Best Currency May Be Gold, Storms Cut Across Midwest

Sunday, March 4, 2012, 10:25 AM
  • Plagued By Crime, Oakland Food Truck Vendors Unite For Protection
  • King World News Interview- Egon Von Gruyerz
  • David Rosenberg: “The Best Currency May Be Physical Gold”
  • Chinese Military Spending Will Rise 11% in 2012
  • Obama Says Iran Strike Is an Option, but Warns Israel
  • Did Drug Money Keep The Banks High And Dry?
  • Liquid Batteries Could Level The Load
  • Powerful Storms Cut Across Southern And Midwestern States

Our 'What Should I Do?' guide has steps to cook, see & stay warm in times of power outage

Economy

Plagued By Crime, Oakland Food Truck Vendors Unite For Protection (Thatchmo)

Before Gabrielito’s death, the men and women who operate the food trucks along International Boulevard, which slices through the heart of East Oakland, accepted the frequent robberies as a cost of doing business. Most never called the police. But Gabrielito’s death has made many realize that the crime that endangers their businesses also endangers the dream of providing a better future for their families.

King World News Interview- Egon Von Gruyerz (Davos)

Egon said the ECB balance sheet is €3 trillion (almost $4 trillion U.S.) levered at 40:1 and Bernanke's balance sheet is $3 trillion (about) and levered 50:1, he sees more intervention and says it is now solely about preservation.

David Rosenberg: “The Best Currency May Be Physical Gold” (Davos)

It is incredible that we live in a world where the difference between going out of business as a bank and prosperity lies with cheap money being accessed from the central bank balance sheet.

…but there are going to be repercussions from a central bank morphing from a bona fide lender of last resort to a gift-giving institution.

Chinese Military Spending Will Rise 11% in 2012 (John M.)

China’s defense spending, the second highest in the world after the U.S., has risen in tandem with the expansion of its economy and a new focus by the Obama administration on the Asia- Pacific region. China is also involved in spats with Vietnam, the Philippines and Japan over control of oil- and gas-rich waters and has a lingering territorial dispute with India that erupted into a war in 1962.

Obama Says Iran Strike Is an Option, but Warns Israel (jdargis)

The president also said he would try to convince Mr. Netanyahu, whom he is meeting here on Monday at a time of heightened fears of a conflict, that a premature military strike could help Iran by allowing it to portray itself as a victim of aggression. And he said such military action would only delay, not prevent, Iran’s acquisition of nuclear weapons.

Did Drug Money Keep The Banks High And Dry? (jdargis)

“In many instances, drug money is currently the only liquid investment capital,” Costa was quoted as saying by Profil. “In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor.”

Energy

Liquid Batteries Could Level The Load (Davos)

The biggest drawback to many real or proposed sources of clean, renewable energy is their intermittency: The wind doesn’t always blow, the sun doesn’t always shine, and so the power they produce may not be available at the times it’s needed. A major goal of energy research has been to find ways to help smooth out these erratic supplies.

New results from an ongoing research program at MIT, reported in the Journal of the American Chemical Society, show a promising technology that could provide that long-sought way of leveling the load — at far lower cost and with greater longevity than previous methods. The system uses high-temperature batteries whose liquid components, like some novelty cocktails, naturally settle into distinct layers because of their different densities.

Environment

Powerful Storms Cut Across Southern And Midwestern States (jdargis)

Rescue workers in southern Indiana were still sifting through mountains of debris from demolished homes and buildings this morning to look for more victims from Friday’s deadly tornadoes, which killed at least 31 people in Indiana, Kentucky and Ohio.

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."

9 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Thx Sax

 The DD has greatly improved.  The eclectic mix combined with your wide reaching net makes for a super source!

nickbert's picture
nickbert
Status: Diamond Member (Offline)
Joined: Jan 14 2009
Posts: 1207
"Hackers Elect Futurama’s Bender to Washington DC School Board"

Who's to say rigged elections are always a bad thing?  I for one am looking forward to electronic voting coming to state and national elections 

 

http://www.pcworld.com/article/251187/hackers_elect_futuramas_bender_to_the_washington_dc_school_board.html

"Electronic voting has earned a pretty bad reputation for being insecure and completely unreliable. Well, get ready to add another entry to e-voting's list of woes.
One Bender Bending Rodríguez was elected to the 2010 school board in Washington DC. A team of hackers from the University of Michigan got Bender elected as a write-in candidate who stole every vote from the real candidates. Bender, of course, is a cartoon character from the TV series Futurama.
This was not some nefarious attack from a group of rogue hackers: The DC school board actually dared hackers to crack its new Web-based absentee voting system four days ahead of the real election. University of Michigan professor Alexander Halderman, along with two graduate students, did the deed within a few hours."

 

 

- Nick

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

I did enjoy Max Keyser's report today.

The corporations are alarmed that the rules might be changed. Let me propose a rule change.

Murder is murder. Companies have thrown on the cloak of "personhood". Therefore if they kill even one person they must be dissolved.  If that thought makes you feel squeemish then we could freeze them for life, which is the same thing.

Why should companies have a special dispensation to kill?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Ah So, At last a face to the Silver Short.

From Jesse's

I can work with that.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
How is the silver being manipulated.

Again From Jesse

The silver being dumped is Nikked. (Backed by errrrr. why, nothing at all)

Davos's picture
Davos
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Posts: 3620
Quickly Beauty Fades & Revealed is the Beast
Arthur Robey wrote:

From Jesse's

I can work with that.

Dr. Robert Hare & Dr. Paul Babiak were in the movie "I Am Fishead".  

Precisely at the 22:38 minute point the narrator says, “In the spring of 2010 we heard back from Professor Hare.  For the first time in history his team was able to fish for psychopaths within the highest ranks of management at Fortune 100 companies.”

I interviewed Dr. Hare's postdoctoral researcher, Dr. Daniel N. Jones.  Jess put the article / podcast I did on his fine blog Jesse's Cafe' here.

As Jess pointed out here:

 

Link to Jesse’s Cafe’ for the entire read. Ms Masters gained notoriety for pioneering credit default swaps, blamed by many for the financial crisis. She acknowledged in a 2008 speech that she had been branded “the woman who created weapons of mass destruction”, although she defends the products, saying the people using them were at fault.
 

 

✓ One thing we know about people individuals high in psychopathy, through the literature, they don’t think there is anything wrong with them—it’s just the rest of the world that is screwed up.” (Source).  Just saying…
 
 
 
 

 

SagerXX's picture
SagerXX
Status: Diamond Member (Offline)
Joined: Feb 11 2009
Posts: 2219
Davos wrote:     Egads
Davos wrote:
 
 

Egads -- are her eyes *dead* or what?!...

 

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Psychopaths are soulless creatures

I can only speculate how people are going to "work with that" when and if they put 1 and 1 together.

Your observation on the eyes is spot on.

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