Daily Digest

Daily Digest 8/18 - Ron Paul And The Top Tier, SEC May Have Destroyed Documents, Food Prices Soaring

Thursday, August 18, 2011, 9:48 AM
  • The U.S. Content of “Made in China”
  • Ron Paul And The Top Tier
  • Venezuela tells Bank of England to ship the gold back
  • Wall Street Is Biggest Donor to Deficit Panel Members
  • SEC may have destroyed documents, senator says Grassley
  • U.S. Banks Begin Charging Debit-Card Fees
  • Never Mind a Tiger in Your Tank: How About An Alligator?
  • GM Corn Being Developed For Fuel Instead Of Food
  • Sticker Shock: Food Prices Soaring
  • Water risk database backed by big U.S. companies
  • Shell's second oil leak in North Sea pipeline caused by relief valve

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Economy

The U.S. Content of “Made in China” (JRB)

Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which less than half reflected the actual costs of Chinese imports. The rest went to U.S. businesses and workers transporting, selling, and marketing goods carrying the "Made in China" label.

Ron Paul And The Top Tier (June C.)

http://goldsilver.com/video/indecision-2012-corn-polled-edition-ron-paul...

Even when the media does remember Ron Paul, it's only to reassure themselves that there's no need to remember Ron Paul.

Venezuela tells Bank of England to ship the gold back (Claire H.)

Venezuela plans to transfer billions of dollars in cash reserves from abroad to banks in Russia, China, and Brazil and tons of gold from European banks to its central bank vaults, according to documents reviewed Tuesday by The Wall Street Journal.

Wall Street Is Biggest Donor to Deficit Panel Members (Johnny Oxygen)

Who’s been cozying up to the members of the new Congressional super committee? As it looks at the new committee members, Wall Street may like what it finds. But defense contractors may find themselves wishing they’d ponied up more cash over the years.

A new study out Wednesday by the Center for Responsive Politics—and obtained by CNBC—finds that the specific industry sector with the most clout is finance, which was responsible for contributing a whopping 38 percent of the money raised by committee member Rep. Jeb Hensarling (R-TX) since 1990.

SEC may have destroyed documents, senator says Grassley (Johnny Oxygen)

“From what I’ve seen, it looks as if the SEC might have sanctioned some level of case-related document destruction,” said Sen. Chuck Grassley, Republican of Iowa, in a letter to the agency’s chairman, Mary Schapiro.

“It doesn’t make sense that an agency responsible for investigations would want to get rid of potential evidence. If these charges are true, the agency needs to explain why it destroyed documents, how many documents it destroyed over what timeframe, and to what extent its actions were consistent with the law.”

U.S. Banks Begin Charging Debit-Card Fees (Johnny Oxygen)

J.P. Morgan Chase & Co. (JPM) has been testing a fee in a small market in Wisconsin since February. Other banks, like Regions Financial Corp. (RF) and SunTrust Banks Inc. (STI), decided recently that debit cards for some of its checking account customers will carry a $4 and $5 monthly fee, respectively.

Already, Wells and other banks have stripped debit cards of reward points because bankers said they will lose hundreds of millions in revenue after the Federal Reserve decided to lower the fee banks can charge merchants for debit-card transactions.

Energy

Never Mind a Tiger in Your Tank: How About An Alligator? (jdargis)

Alligators are grown and harvested for their meat and for their skins before the fat heads to landfills, noted Rakesh Bajpai, a professor of chemical engineering at the university. They are not endangered or threatened. (Crocodiles are, but those are not part of the researchers’ equation.)

And alligators are plentiful in the wild, Dr. Bajpai said. “If you start seeing alligator roadkill, you’ve arrived in Louisiana," he said.

GM Corn Being Developed For Fuel Instead Of Food (In Calgary)

The food industry also opposes the new GM product because, although not inedible, it is unsuitable for use in the manufacture of food products that commonly use corn. Farmers growing corn for human consumption are also concerned about cross-contamination. The corn, developed by a branch of the Swiss pesticide firm Syngenta, contains an added gene for an enzyme (amylase) that speeds the breakdown of starches into ethanol. Ethanol plants normally have to add the enzyme to corn when making ethanol.

Environment

Sticker Shock: Food Prices Soaring (Jeff B.)

Water risk database backed by big U.S. companies (In Calgary)

Coca-Cola, the soft drinks group, has handed to the new alliance its own proprietary data on water availability, collected over years of research, making it open for general use. “Water is the lifeblood of our business,” said Joe Rozza, the group’s manager of water resources sustainability.

Shell's second oil leak in North Sea pipeline caused by relief valve (In Calgary)

Green campaigners accused the company of complacency and secrecy, as information on the progress of the leak continued to be slowly released. Per Fischer, communications officer at Friends of the Earth Scotland, said: "It beggars belief that we are still being drip-fed information and that Shell's initially 'insignificant' leak is still causing problems."

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."

20 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Factory activity weakens sharply in Philadelphia

 

"Manufacturing activity weakened sharply in the Philadelphia region in August, the Philadelphia Federal Reserve reported Thursday. The bank's business condition index fell to negative 30.7 in August from 3.2 in July. This is the lowevel level since March 2009. The size of the decline surprised analysts. Economists polled by MarketWatch expected a slight decline in the index to 0.5. The headline business condition index is a separate question and not a buildup of components. As a result, economists pay close attention to the details of the report, which were also very weak. The index for new orders fell to negative 26.8 in August from 0.1 in July. The index for number of employees decreased to negative 5.2 in August from 8.9 in the prior month. The prices paid index declined to 12.8 in August from 25.1 in July."

 

Other headlines:

Japan exports fall for 5th straight month in July

Gov't May Be Lowballing Medicare Shortfall By $6 Tril

Jefferson County Deal to Avert Bankruptcy Hinges on Hostile Legislature

Greece, Ireland, Portugal Should Default on Debt, Pimco Says

Taiwan likely to raise 2012 budget deficit by 47%

Eurozone current account worsens in June

Las Vegas suburb on the brink of bankruptcy

Merkel and Sarkozy offer no miracle cure for euro

Greece threatened by another year of recession

Fed concerned about European banks' U.S. units: report

New Jersey Rating Cut to AA- by Fitch as Pension Deficit Pressures Budget

Consumer prices post biggest rise since March

Negative rates: the price of safety for investors

Sales of existing homes fall 3.5% in July

RogerA's picture
RogerA
Status: Silver Member (Offline)
Joined: Jun 18 2009
Posts: 106
GM Corn designed for human depopulation.

GM Corn has lots of uses.

http://www.indyinasia.com/2011/05/gm-corn-designed-for-human-depopulation/

One long-standing project of the US Government has been to perfect a genetically-modified variety of corn, the diet staple in Mexico and many other Latin American countries. The corn has been field tested in tests financed by the US Department of Agriculture along with a small California bio-tech company named Epicyte. Announcing his success at a 2001 press conference, the president of Epicyte, Mitch Hein, pointing to his GMO corn plants, announced, “We have a hothouse filled with corn plants that make anti-sperm antibodies.”

Hein explained that they had taken antibodies from women with a rare condition known as immune infertility, isolated the genes that regulated the manufacture of those infertility antibodies, and, using genetic engineering techniques, had inserted the genes into ordinary corn seeds used to produce corn plants. In this manner, in reality they produced a concealed contraceptive embedded in corn meant for human consumption. “Essentially, the antibodies are attracted to surface receptors on the sperm,” said Hein. “They latch on and make each sperm so heavy it cannot move forward. It just shakes about as if it was doing the lambada.” Hein claimed it was a possible solution to world “over-population.” The moral and ethical issues of feeding it to humans in Third World poor countries without their knowing it countries he left out of his remarks.

 

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 856
RogerA wrote: GM Corn has
RogerA wrote:

GM Corn has lots of uses.

http://www.indyinasia.com/2011/05/gm-corn-designed-for-human-depopulation/

One long-standing project of the US Government has been to perfect a genetically-modified variety of corn, the diet staple in Mexico and many other Latin American countries. The corn has been field tested in tests financed by the US Department of Agriculture along with a small California bio-tech company named Epicyte. Announcing his success at a 2001 press conference, the president of Epicyte, Mitch Hein, pointing to his GMO corn plants, announced, “We have a hothouse filled with corn plants that make anti-sperm antibodies.”

Hein explained that they had taken antibodies from women with a rare condition known as immune infertility, isolated the genes that regulated the manufacture of those infertility antibodies, and, using genetic engineering techniques, had inserted the genes into ordinary corn seeds used to produce corn plants. In this manner, in reality they produced a concealed contraceptive embedded in corn meant for human consumption. “Essentially, the antibodies are attracted to surface receptors on the sperm,” said Hein. “They latch on and make each sperm so heavy it cannot move forward. It just shakes about as if it was doing the lambada.” Hein claimed it was a possible solution to world “over-population.” The moral and ethical issues of feeding it to humans in Third World poor countries without their knowing it countries he left out of his remarks.

 

Just when I think there is nothing that can cause me to be more appalled and disgusted.

Epicyte aparently released this information in 2001.

DRHolden's picture
DRHolden
Status: Silver Member (Offline)
Joined: Oct 18 2009
Posts: 131
MarkM wrote: RogerA
MarkM wrote:
RogerA wrote:

GM Corn has lots of uses.

http://www.indyinasia.com/2011/05/gm-corn-designed-for-human-depopulation/

One long-standing project of the US Government has been to perfect a genetically-modified variety of corn, the diet staple in Mexico and many other Latin American countries. The corn has been field tested in tests financed by the US Department of Agriculture along with a small California bio-tech company named Epicyte. Announcing his success at a 2001 press conference, the president of Epicyte, Mitch Hein, pointing to his GMO corn plants, announced, “We have a hothouse filled with corn plants that make anti-sperm antibodies.”

Hein explained that they had taken antibodies from women with a rare condition known as immune infertility, isolated the genes that regulated the manufacture of those infertility antibodies, and, using genetic engineering techniques, had inserted the genes into ordinary corn seeds used to produce corn plants. In this manner, in reality they produced a concealed contraceptive embedded in corn meant for human consumption. “Essentially, the antibodies are attracted to surface receptors on the sperm,” said Hein. “They latch on and make each sperm so heavy it cannot move forward. It just shakes about as if it was doing the lambada.” Hein claimed it was a possible solution to world “over-population.” The moral and ethical issues of feeding it to humans in Third World poor countries without their knowing it countries he left out of his remarks.

 

Just when I think there is nothing that can cause me to be more appalled and disgusted.

Epicyte aparently released this information in 2001.

OMG! and WTF!

robbie's picture
robbie
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Posts: 100
Contraceptive foods

Better yet, they’ve got vaccines that can be administered by banana now. Why not get your vaccine and contraceptive together in a few bites?

Mirv's picture
Mirv
Status: Silver Member (Offline)
Joined: Sep 30 2008
Posts: 105
This is unsuited for this blog

This is a difficult subject that requires a lot of study to discuss and seems unsuitable for this blog.

Mirv's picture
Mirv
Status: Silver Member (Offline)
Joined: Sep 30 2008
Posts: 105
so what
  1. There is nothing wrong with using food to administer ANTIGENS for protecting people from disease.  These articles about producing ANTIBODIES (which are denatured in the stomach, broken down into amino acids/peptides before  absorption into the blood) and which dont even go near the sperm anyway concern production (harvest, extraction in a factory).  Maybe the US government is stupid enough to believe that corn that produces antibody can be fed to someone for anti-fertility and maybe others believe the nonsense about GM foods causing US fertility to drop (we will become extinct!!) but we are letting such garbage distract us from the main purpose of dealing with economic issues, which already challenge our ability to separate  lies from truth.  I vote for editing this blog to remove fantasies and nightmare  theories.  
Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Re: This is unsuited for this blog

This is a difficult subject that requires a lot of study to discuss and seems unsuitable for this blog.

Huh? Wha..?

I vote for editing this blog to remove fantasies and nightmare theories.

I too comrade feel it is unseemly to let unapproved people speak their mind.

 

 

 

Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Re: Contraceptive foods

 

Robbie wrote:

Better yet, they’ve got vaccines that can be administered by banana now. Why not get your vaccine and contraceptive together in a few bites?

 

Oh...I thought you were going some place else with this one Robbie

Mirv's picture
Mirv
Status: Silver Member (Offline)
Joined: Sep 30 2008
Posts: 105
Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
   I have masters and PhD

 

 I have masters and PhD degrees in this subject matter and used to write patents for GM plants. I understand the technology well and understand the basic illogic in postings by scientifically uninformed (in particular the basic "news" articles from which this came) .

Thats good. CM is about information. If you think someone has it wrong then you can post more accurate information.

It's not necessary to edit others.

My point was that I want to keep nonsense (scientifically illogical nonsense/fairy tales about evil) out of these blogs.

Statements like this imply control of others which, again, is not necessary.

SagerXX's picture
SagerXX
Status: Diamond Member (Offline)
Joined: Feb 11 2009
Posts: 2252
Johnny Oxygen wrote:    I
Johnny Oxygen wrote:

 

 I have masters and PhD degrees in this subject matter and used to write patents for GM plants. I understand the technology well and understand the basic illogic in postings by scientifically uninformed (in particular the basic "news" articles from which this came) .

Thats good. CM is about information. If you think someone has it wrong then you can post more accurate information.

It's not necessary to edit others.

My point was that I want to keep nonsense (scientifically illogical nonsense/fairy tales about evil) out of these blogs.

Statements like this imply control of others which, again, is not necessary.

Yep. Apply ( an inverse) Gresham's Law, and let Good Information chase out the Bad.

ao's picture
ao
Status: Diamond Member (Offline)
Joined: Feb 4 2009
Posts: 2220
Johnny Oxygen wrote: This
Johnny Oxygen wrote:

This is a difficult subject that requires a lot of study to discuss and seems unsuitable for this blog.

Huh? Wha..?

I vote for editing this blog to remove fantasies and nightmare theories.

I too comrade feel it is unseemly to let unapproved people speak their mind.

LOL.  You are riot JO!

Mirv probably doesn't also realize that sometimes the biochemistry textbooks forget about those (not uncommon) exceptions where large macro-molecules are absorbed undigested in the gut and cause a sh**load of problems. 

Josey's picture
Josey
Status: Bronze Member (Offline)
Joined: Mar 24 2011
Posts: 40
Yep!

What Mirv said is true. It's a non-issue.

robbie's picture
robbie
Status: Silver Member (Offline)
Joined: Jul 16 2008
Posts: 100
Truth before all else...
Josey wrote:

What Mirv said is true. It's a non-issue.

Actually, what Mirv said used to be accepted as fact, but has now fallen into question given more recent findings in the field of immunology, specifically celiac disease. I stand by my lighthearted and scientifically accurate comment which is undoubtedly beyond the scope and intent of this forum. However, in the spirit of unity, please substitute "papaya" for "banana" in my prior post, since I'm sure we can all agree that the papain in one ripe papaya, consumed daily, acts to suppress progesterone (most likely) and makes for one tasty contraceptive.

earthwise's picture
earthwise
Status: Platinum Member (Offline)
Joined: Aug 10 2009
Posts: 848
Deciding what to eat is the most fundamental of human rights.
Mirv wrote:
  1. There is nothing wrong with using food to administer ANTIGENS for protecting people from disease.    

Yes, as long as people are told what's been added to their food. To do so surreptitiously is evil.

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2259
JO wrote:   Robbie
JO wrote:

 

Robbie wrote:

Better yet, they’ve got vaccines that can be administered by banana now. Why not get your vaccine and contraceptive together in a few bites?

 

Oh...I thought you were going some place else with this one Robbie

+1    Me too!!  Too funny, JO!

frobn's picture
frobn
Status: Silver Member (Offline)
Joined: Nov 28 2010
Posts: 184
earthwise wrote: Mirv
earthwise wrote:
Mirv wrote:
  1. There is nothing wrong with using food to administer ANTIGENS for protecting people from disease.    

Yes, as long as people are told what's been added to their food. To do so surreptitiously is evil.

There are secondary problems of adverse reactions and unintended consequences.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
'

 ''

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 856
Annointed Mirv, please

Annointed Mirv, please decipher this for me.

http://www.fbae.org/2009/FBAE/website/false-propaganda_gm_maize_reduces_fertility_deregulates_genes_in_mice_dr_mae_wan_ho_isis.html

*Comprehensive long term studies commissioned by the Austrian government reveal that mice fed GM maize produced fewer and smaller litters with many genes affected compared to controls.

 

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