Daily Digest

Daily Digest 5/13 - Dollar In Graver Danger Than Euro, The Dangers Of Shale Gas Extraction, Fukushima In America

Friday, May 13, 2011, 9:40 AM
  • Dollar In Graver Danger Than The Euro
  • Connecticut Siting Council Rejects Prospect Wind Farm
  • Shale Gas Extraction: The Need To Be Seen To Be Clean
  • Japan's Fukushima Crisis Drives Protests Over World's Largest Nuclear Plant In India
  • Disaster Plan Problems Found at U.S. Nuclear Plants
  • Shrinking Oil Supplies Put Alaskan Pipeline at Risk
  • Fukushima In America
  • What's More Expensive: Farmers' Markets or Grocery Stores?
  • Dr. Huber Explains Science Behind New Organism and Threat from Monsanto's Roundup, GMOs to Disease and Infertility

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Economy

Dollar In Graver Danger Than The Euro (PeterHendra)

Think of it this way: in the US, Federal Reserve chairman Ben Bernanke has testified that going off the gold standard during the Great Depression helped the US recover faster than other countries. Fast-forward to today: we believe Bernanke embraces a weaker currency as a monetary policy tool to help address the current state of the US economy. What many overlook is that someone must be on the other side of that trade: today it is the eurozone, which is experiencing a strong currency, despite the many challenges in the 17-nation bloc.

Energy

Connecticut Siting Council Rejects Prospect Wind Farm (joemanc)

The Connecticut Siting Council Thursday rejected a wind-farm developer's proposal to construct two, 492-foot industrial turbines in Prospect, citing the density of the homes in the area and the turbines' height.

The plan by BNE Energy Inc., of West Hartford, was the first large-scale commercial wind energy project to come before the council. "Based on the record in this proceeding we find the visual effects associated with the construction of the proposed 3.2 megawatt wind farm to be in conflict with the policies of the state and are therefore sufficient reason to deny the proposal," council members wrote.

Shale Gas Extraction: The Need To Be Seen To Be Clean (jdargis)

These are the signs of America’s natural-gas boom. Thanks to new drilling technology, and in particular a controversial process called hydraulic fracturing or “fracking,” the size of the proven reserves is growing. At the end of 2009 the United States had estimated reserves of 283.9 trillion cubic feet (8 trillion cubic metres) of natural gas, up 11% from the year before. In 2010 the country produced 22.6 trillion cubic feet of natural gas, up from 18.9 trillion cubic feet in 2005. The price at the wellhead has dropped from $7.33 per thousand cubic feet to $4.16 during the same period.

Japan's Fukushima Crisis Drives Protests Over World's Largest Nuclear Plant In India (jdargis)

India's break-neck growth has driven an intense need for energy – and nuclear power has been accepted within the country as a suitable and clean way to deliver this. But in the wake of the crisis at the Fukushima Daiichi nuclear power plant, citizens in and around Jaitapur, the seismic activity-prone region where the Indian government plans to build a 9,900 mega watt power station, are upset.

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Disaster Plan Problems Found at U.S. Nuclear Plants (jdargis)

Officials said the problems that had been found were addressed immediately but not everything had been inspected. Mr. Virgilio said he expected to have a fuller picture soon.

Shrinking Oil Supplies Put Alaskan Pipeline at Risk (txfloods)

When the famed Trans Alaska Pipeline carried two million barrels of oil a day, the naturally warm crude surged 800 miles to the Port of Valdez in three days and arrived at a temperature of about 100 degrees.

Now, dwindling oil production along Alaska's northern edge means the pipeline carries less than one-third the volume it once did—and the crude takes five times as long to get to its destination.

Environment

Fukushima in America (jdargis)

It’s been two months since the March 11 earthquake and tsunami that claimed tens of thousands of lives and caused, at the Fukushima Daiichi power plant, the country’s worst nuclear accident.

What's More Expensive: Farmers' Markets or Grocery Stores? (jdargis)

The elitist perception probably hurts markets more than the actual cost of food. If produce prescriptions and studies like these can change that, perhaps they can live up to their promise for more widespread social transformation. As New York City's Greenmarket founder Barry Benepe told me, successful markets can truly transform public spaces.

Dr. Huber Explains Science Behind New Organism and Threat from Monsanto's Roundup, GMOs to Disease and Infertility (Don S.)

David Murphy of Food Democracy Now interviews Dr. Don Huber, Professor Emeritus of Plant Pathology, Purdue University on discovery of new organism and crop disease, livestock infertility and threats to U.S. food and agriculture.

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
EU warns debt in bailout countries above forecasts

 

"May 13 (Bloomberg) -- Greece, Ireland and Portugal, the euro region countries that needed 256 billion euros ($366 billion) in emergency aid to avoid default, may all see their debt loads exceed the size of their economies this year.

Greece’s debt, already the biggest in the euro’s history at 143 percent of gross domestic product last year, will jump to almost 158 percent this year and 166 percent in 2012, the European Commission said today in Brussels. Portuguese debt will surpass total economic output for the first time this year, growing to 101.7 percent of GDP, while Irish debt will reach 112 percent, the forecasts show."

.....................1A) EU warns debt in bailout countries above forecasts

"BRUSSELS — The European Union warned Friday that the debt loads of Greece, Ireland and Portugal will be much bigger than previously forecast, adding to fears that international bailouts are failing to solve the region's crisis."

  • Headlines:

 

Silver was 'manipulated' down, Sprott says‎

China's Xinjiang to boost yuan settlement in cross-border trade‎

Greece Set to Miss Deficit Targets

Greece Debt Default Anticipated by 85% in Global Investor Poll

Ireland will seek to reschedule EU-IMF loans‎

Portugal Re-Enters Recession After Government Cuts Spending, Raises Taxes

Tech: Up to 800 layoffs possible (Austin)

Layoff count for Houston city jobs climbs past 600‎‎

South Florida hospitals brace for loss of Medicaid funding

Japan Credit Rating cuts Tepco's debt ratings by 2 notches

Arts programs in San Francisco schools silenced by budget trouble

Steep Drop in Foreclosure Filings Only Temporary: RealtyTrac

Bair: Robo-Signing Probe "Narrow" with Damages Years in the Making

 

Matt Holbert's picture
Matt Holbert
Status: Bronze Member (Offline)
Joined: Oct 3 2008
Posts: 95
Monsanto

Not surprisingly, I was unable to find any MSM reporting on the Dr. Huber/Monsanto story.

littlefeatfan's picture
littlefeatfan
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Joined: Jul 20 2009
Posts: 141
Weekly 3E link summary and Cartoons posted

http://3es.weebly.com/  

idoctor's picture
idoctor
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Posts: 1731
Jim Rogers

Jim Rogers

Kayje's picture
Kayje
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Joined: May 1 2009
Posts: 10
Dr Huber

This is big.

idoctor's picture
idoctor
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Posts: 1731
Mike Maloney

Mike Maloney

TechGuy's picture
TechGuy
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Posts: 367
US was still on the Gold Standard

Think of it this way: in the US, Federal Reserve chairman Ben Bernanke has testified that going off the gold standard during the Great Depression helped the US recover faster than other countries.

The US was on the Gold Standard during the great depression. It wasn't until 1971 that Nixon removed the US from the gold standard. In 1933, FDR made private gold ownership illegal so they federal gov't could steal the wealth and print more dollars to fund WPA programs. It didn't work. What did work is World War 2.

No country has been able to print its way out of a recession/depression. All it does is help keep the incombent politicians in office by handling out money to voters to get them re-elected. Printing money only postpones thet pain and make it much worse. Note that the US economy can't recover with very high commodity prices, as consumers and business must spend more of there income to pay for them. It increases unemployment over the long term as consumers cut back on spending and business cut employment to make declining sales and margin compression. Its a "lose-lose" scenerio.

 

 

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1148
The Dr. Huber story was

The Dr. Huber story was printed first,to my knowledge, in "Graze",somethinf else i subscribe to,magazine several mos. ago. It was a series which ended last month.

robie, a poor typist

 http://www.grazeonline.com/

GrandSupercycle's picture
GrandSupercycle
Status: Member (Offline)
Joined: May 14 2011
Posts: 14
The USD Rally.

When DOW / S&P500 correction gathers momentum, I expect :
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD / SILVER, Base metals like COPPER etc, CRUDE OIL.

Commodities will continue to fall along with stocks, euro and precious metals as the overdue USD rally and equity sell off commences.

Silver chart posted April 28 warning what was ahead ~ http://stockmarket618.wordpress.com/2011/04/27/thurs-april-28

Be careful folks.

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