Daily Digest

Daily Digest 7/11 - Average House Prices On Decline, Buffett On Ending The Deficit, How Seawater Can Power The World

Monday, July 11, 2011, 10:40 AM
  • Economy Faces a Jolt as Benefit Checks Run Out
  • Average Housing Prices On Decline
  • Markets Tumble on Debt Crisis
  • Warren Buffett: I Could End The Deficit In 5 Minutes
  • Euro Chiefs Weigh Greek Options in Debt Crisis
  • How Seawater Can Power the World
  • Recycle Old Cell Phones for Cash, Reduce Waste
  • It's the Most Wonderful Time of the Year: Why We're Pro-Carmageddon

Crash Course DVDThe 3-disc DVD with presenter’s pack offers helpful guidance for sharing the 3E message with your community. (NTSC or PAL)

Economy

Economy Faces a Jolt as Benefit Checks Run Out (jdargis)

Close to $2 of every $10 that went into Americans’ wallets last year were payments like jobless benefits, food stamps, Social Security and disability, according to an analysis by Moody’s Analytics. In states hit hard by the downturn, like Arizona, Florida, Michigan and Ohio, residents derived even more of their income from the government.

By the end of this year, however, many of those dollars are going to disappear, with the expiration of extended benefits intended to help people cope with the lingering effects of the recession. Moody’s Analytics estimates $37 billion will be drained from the nation’s pocketbooks this year.

Average Housing Prices On Decline (guardia)

While the new housing price index rose 1.9 per cent nationally due to increased prices in Toronto and Montreal, the price of a new home in Victoria dropped 1.7 per cent and in Vancouver it dropped 0.8 per cent.

Markets Tumble on Debt Crisis (jdargis)

The downbeat sentiment in markets was worsened by indications that Europe’s debt crisis might be spreading beyond the three countries that have already received rescue packages. There have been mounting concerns that after Greece, Ireland and Portugal, much-larger Italy and Spain could need bailouts to manage its tremendous debt load.

Warren Buffett: I Could End The Deficit In 5 Minutes (jdargis)

“I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”

    Crash Course DVDThe 3-disc DVD with presenter’s pack offers helpful guidance for sharing the 3E message with your community. (NTSC or PAL)

Euro Chiefs Weigh Greek Options in Debt Crisis (jdargis)

Bonds of debt-strapped countries plunged, the euro sank and stocks dropped amid concern that European governments are powerless to prevent the financial distress spreading from Greece. Italy’s effort to build a firewall against the spreading crisis formed the backdrop to today’s meeting of finance ministers that will consider a new package for Greece on top of the 110 billion euros ($155 billion) pledged last year.

Energy

How Seawater Can Power the World (VeganD)

Fusion energy generates zero greenhouse gases. It offers no chance of a catastrophic accident. It can be available to all nations, relying only on the Earth’s oceans. When commercialized, it will transform the world’s energy supply.

Environment

Recycle Old Cell Phones for Cash, Reduce Waste (jdargis)

In the spirit of helping you meet this month's GOOD 30 Day Challenge to waste less, here are a few ways to put that Motorola Razr to profitable use. Let's start off, though, with a friendly reminder of what's at stake.

It's the Most Wonderful Time of the Year: Why We're Pro-Carmageddon (jdargis)

While our fellow publications equate Carmageddon to a natural disaster, with guides to "survive" and "handle" the closure, we know that it's really not that big of a deal to not use a car for the weekend. In fact, we do it a lot. One of our favorite L.A. events of all time, CicLAvia, involves closing streets and getting out of our cars. To us, this is just another weekend to experience all that L.A. has to offer without having to drive.

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

rjs's picture
rjs
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markf57's picture
markf57
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I don't think so!

“I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.”

 

First, nothing takes 5 minutes in Washington. Second, the people that pass the law are the ones that would get booted if the deficit was greater than 3%. Wasn't it Adam Smith that stated people act in their own best self interest? I think congress has a LONG track record of acting in their own best self interest.

I'm sure Buffet was just speaking in jest.

 

SailAway's picture
SailAway
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Posts: 404
Recycle Old Cell Phones for Cash, Reduce Waste

Regarding the link posted above "Recycle Old Cell Phones for Cash, Reduce Waste", we successfully used Gazelle.com (also mentioned in the article) and got a $90 check back for an old iPhone 3G a few weeks ago.

Very good, quick and efficient service. They even gave us $5 more than the original $85 deal because they found the phone in very good shape.

 

 

 

 

 

portals's picture
portals
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Posts: 22
Economy Faces a Jolt as Benefit Checks Run Out

This has got to be one of the worst examples of human economic stupidity I've ever seen.

By the end of this year, however, many of those dollars are going to disappear, with the expiration of extended benefits intended to help people cope with the lingering effects of the recession. Moody’s Analytics estimates $37 billion will be drained from the nation’s pocketbooks this year.

So, let's give another trillion dollars to the DOD, another $700 billion to the banks, and let's spend another $900 billion on Iraq, but let's make sure we destroy those freeloaders trying to support a family by cutting out $37 billion in wasted unemployment insurance spending.

Doesn't take a genius to figure out what the hell is wrong with this country, does it?

Arthur Robey's picture
Arthur Robey
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Posts: 3936
Hot refusion

Good old ITER.

Still all promise and no delivery. Same old cash cow.

Examine the assumptions that are used to justify this huge extravagance.

  1. It is going to take money. A lot of money, over many years to get within cooee of breakeven.
  2. The only fusion possible is that seen in the sun.
  3. We know everything there is to know everything. Especially quantum phenomena. Way down there where things are really small and really strange.

How about a dose of humility?

Our planet does not have the gravitational force to hold Helium. So where does the helium come from? Hint: Helium is a by product of Low Energy Nuclear Reactions.

Our planet has been around for 4.5 Billion years. The lithosphere has been in constant churn and turnover. The core is still hot and we have got Helium. A nuclear process anyone? Everyone has defaulted to fission, but are we sure?

This book by Prof. Tadahiko Mizuno will cost you $12 plus some time to read. You might even learn something.

plato1965's picture
plato1965
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Posts: 615
Abiotic helium..

 

 Our planet does not have the gravitational force to hold Helium. So where does the helium come from? Hint: Helium is a by product of Low Energy Nuclear Reactions

 

 Erm.. assumed trapped primordial helium + flow from alpha decay of heavier stuff..

 Each individually a fairly "low energy reaction" obviously..

 If other stuff going on...... meh. possible! More things in heaven and earth etc.......

 

 

 Curiously enough was talking with 10 year old daughter about this subject today.. topic gases.. mentioned Hindenburg disaster, and scarcity of helium... until discovery of fossil  (natgas + He) source.

 

saxplayer00o1's picture
saxplayer00o1
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Joined: Jul 30 2009
Posts: 4169
Thanks rjs

 

Thanks for reposting the news stories from earlier today after the DD came out.

Arthur Robey's picture
Arthur Robey
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Joined: Feb 4 2010
Posts: 3936
Professor dips out or Hippies 1 Empire 0.

In the second half of the show, Max talks to Professor Emeritus, Guy McPherson, who has exited the empire to build a post-carbon community.

http://rt.com/programs/keiser-report/finance-economy-rating-agency/

It seems as though the intelligensia is headed for the hills.

Arthur Robey's picture
Arthur Robey
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Joined: Feb 4 2010
Posts: 3936
Defaulting to airships.

Plato said

Erm.. assumed trapped primordial helium + flow from alpha decay of heavier stuff..

Which is a default to fission.

On airships.

The reason we have heavier than air planes is because at the end of WW2 the USA had a big industry making warplanes.

So they got everybody at the Chicago Convention. (  http://en.wikipedia.org/wiki/Convention_on_International_Civil_Aviation ) Airworthyness is mandated and airships are excluded from the discussion, because the USA was hopeless at building them.

The reason the hindenburg burnt was because it was painted with Iron Oxide and Aluminum powder which is now called Thermite.The reason for painting the Hindenburg with Thermite was because thermite is light and white to decrease solar heating of the gasses. 

Thermite was used in the Space Shuttles' boosters as it is a fierce exothermic reaction. It is also used to bring down World Trade Centre towers. It is a very useful reaction.

(Paranoia prevents me from doing a wikipaedia search for Thermite)

Hydrogen gives 1.2kg lift per cubic meter, which means that the airship can be made 20% heavier than a Helium airship which has only 1 kg of lift per cu meter. So Helium only appears intuitively to be safer.

Ordinary steam has 0.8 kg of lift but it suffers from phase changing, which locks one into a positive feedback loop as the vessel decends. Lots of heat is released as the steam turns to water and it is all undesireable.

My thoughts are for a hybrid steam/hydrogen airship where the anoxic environment of steam can compliment the lifting power of the hydrogen.

(Ammonia is just too smelly)

The reaction from the unwashed to airship travel is:

  • It is just too bizzare
  • It is too slow
  • "OMG! I am having a flashback to the Hindenburg" "Oh the Humanity.  .  .etc, etc"

Well, the Humanity will just have to walk. There is nothing slower than a Jumbo Jet with no fuel.

 

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