Daily Digest

Daily Digest 8/30 - 'Safe Haven' Assets Look Risky, Choking The Tar Sands, Monsanto Plant Losing Resistance

Tuesday, August 30, 2011, 9:54 AM
  • Social Innovation Will be More Important Than Technological Innovation
  • 'Safe Haven' Assets Start to Look Risky
  • Bernanke didn’t deliver a Fed miracle
  • Finance Minister Is Chosen as Japan’s Next Leader
  • Choking The Oil Sands
  • Israel, Lebanon and the Fight for Fossil Fuels
  • Nitrogen pollution harming environment and human health
  • The Dying Off of Large Mammals and Predators is Hurting the Environment
  • Monsanto Corn Plant Losing Bug Resistance

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Economy

Social Innovation Will be More Important Than Technological Innovation (Ben Johnson)

The laws of Thermodynamics tell us that we may control the rate of reaction of between finite resources but we cannot make more. If we do not expand beyond the bounds of earth it is inevitable that we will go backward as resources dwindle, but this need not be done so fearfully or chaotically.

Everything human begins and ends in the mind. Wealth and poverty, both relative terms, are neither measure nor predictor of love and decency.

'Safe Haven' Assets Start to Look Risky

All three safe havens highlighted have distinct features, so losses from renewed demand for riskier assets would not hit each equally. Gold, for one, might fare better given that underlying demand for the metal is not all based on risk aversion.

But none are "safe" in all circumstances, and their remarkable rises this year may now pose some risk for those holding them.

Bernanke didn’t deliver a Fed miracle (In Calgary)

It was at this very venue last year that Mr. Bernanke revealed Quantitative Easing The Sequel would be coming in time for the fall stock-buying season. But this time, instead of an all-in bet on QE3, we got something of an admission that the Fed has done about all it can and that it’s up to the politicians to get their fiscal house in order.

Finance Minister Is Chosen as Japan’s Next Leader

However, political analysts said his victory was as much about seeking a fresh start for the Democratic Party, which has floundered since taking power in a historic election two years ago. The choice of Mr. Noda, who has no large power base within the party and is not one of the Democrats’ founding members, appeared to signal an effort to move beyond deep divisions that have undermined the party.

Energy

Choking The Oil Sands (In Calgary)

Supported by such high-profile environmentalists and left-leaning luminaries as David Suzuki and Naomi Klein, the protesters, who will risk arrest during their White House sit-in, hope to stop President Barack Obama’s administration from approving the proposed 2,673-km Keystone XL pipeline that is being built by TransCanada Corp. and would move crude oil from northern Alberta to refineries in the Gulf of Mexico. Meanwhile, north of the border, anti-pipeline rallies are scheduled to take place over the next few months in Vancouver and Ottawa. In addition to the Keystone XL project, the Canadian rallies will also focus on a proposed 1,170-km pipeline, built by Enbridge Inc., that would connect northern Alberta to an oil-shipping terminal in Kitimat, B.C., running through an area that opponents claim is pristine wilderness and the habitat of a sacred species of bear.

Israel, Lebanon and the Fight for Fossil Fuels (In Calgary)

The dispute dates back to 2007, when Lebanon and Cyprus agreed to a preliminary maritime border. Then, two years later, a consortium of U.S. and Israeli companies discovered the Tamar gas field 90 kilometers off the coast of Haifa. In early 2010, the Leviathan gas field was discovered. According to the U.S. Geological Survey, the eastern Mediterranean basin could hold up to 1.7 billion barrels of oil and 34.5 trillion cubic meters of gas which, if it sounds like a lot, that's because it is. We are talking serious potential future revenue here.

Environment

Nitrogen pollution harming environment and human health (Mike)

"People can see an oil slick on the ocean, but hundreds of tons of nitrogen spill invisibly into the soil, water and air every day from farms, smokestacks and automobile tailpipes. But the impact is there — unhealthy air, unsafe drinking water, dead zones in the ocean, degraded ecosystems and implications for climate change. But people don’t see the nitrogen spilling out, so it is difficult to connect the problems to their source,” added Townsend.

The Dying Off of Large Mammals and Predators is Hurting the Environment (Mike)

Also in the August issue, part one of a series with results from the 2011 IFIC Functional Foods/Foods for Health Survey. The survey asked a random sample of 1,000 U.S. adults about various attitudes toward health and consumer awareness regarding 34 different diet and health relationships. 73 percent surveyed say that food and nutrition are responsible for maintaining a healthy lifestyle and 90 percent can name a food and its associated benefit compared to 77 percent in 1998.

Monsanto Corn Plant Losing Bug Resistance (In Calgary)

The finding adds fuel to the race among crop biotechnology rivals to locate the next generation of genes that can protect plants from insects. Scientists at Monsanto and Syngenta AG of Basel, Switzerland, are already researching how to use a medical breakthrough called RNA interference to, among other things, make crops deadly for insects to eat. If this works, a bug munching on such a plant could ingest genetic code that turns off one of its essential genes.

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Companies Stop Selling Bonds as Costs Jump by 40%: Euro Credit

"Company bond sales have ground to a halt in Europe, with August poised to end without a single offering as the sovereign debt crisis drives borrowing costs up by 40 percent.

"When spreads are moving so quickly, it's very difficult to see clearly how to price new issues," said Olivier Casanova, the head of financing and treasury at PSA Peugeot Citroen in Paris, which last sold bonds in euros on June 15. "Conditions are very volatile.""

 

  • Other news, headlines and opinion:

European Banks Criticized Over Greek Writedowns and Regulator stokes fears over European bank capital

Japan public fund's assets drop sharply in April-June

Bank of Italy warns weak growth could hit debt plan

ECB spent $9.6 billion last week on govt bonds

United States Postal Service Hopes for Federal Help as Debt Grows

Central Falls receiver cutting pensions further

Back to school blues: 800 workers to get pink slips on first day

Report says nation lost 2,000 mortgage jobs so far this year

New cuts to health services for the poor take hold in October (NC)

European Economic Confidence Falls Most Since December 2008

Trichet says growth in Eurozone could be weaker than expected

Canadians carrying debt longer than expected: poll

Revised Canterbury quake bill exhausts disaster fund (NZ)

Wealthy Use Auctions to Sell U.S. Mansions as Homes Languish on the Market

Disruptions to Food Supply to ‘Ratchet Up Prices,’ Olam’s Verghese Says

Noda Faces Short Honeymoon in Drive to Increase Taxes After Succeeding Kan (Japan)

China Faces Dwindling Labor Supply

Fed's Evans favors strong policy accommodation

Italy struggles through first debt sale since ECB buying (Video)

Gerald Celente - I’m Now 100% In Gold, Roubini is Wrong
 

Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
Complete English translation of German military analysis of peak

 

 

Last week the Bundeswehr posted an English version (112 pgs) of their extraordinary analysis of peak oil. The original German document (125 pgs) was approved for public release last November, ...

http://www.energybulletin.net/sites/default/files/Peak%20Oil_Study%20EN.pdf

katyan's picture
katyan
Status: Bronze Member (Offline)
Joined: Feb 1 2009
Posts: 46
alternate link to the German peak oil study

I was unable to open the document from the link given, but did find another one that worked in case anyone else is having the same problem.

http://www.zentrum-transformation.bundeswehr.de/resource/resource/MzEzNT...

plato1965's picture
plato1965
Status: Platinum Member (Offline)
Joined: Feb 18 2009
Posts: 615
Good find.

 

 Great find Tall...

 It's an absolutely fascinating read.

 Very multidimensional.. and fairly prophetic. (nuclear accident regional implications, strategic ellipse (=middle east) geopolitics,.. )

 The food security map, the implications for political/economic stability.

 

 

 

 

 

 

phecksel's picture
phecksel
Status: Silver Member (Offline)
Joined: May 24 2010
Posts: 204
There was an extra character

There was an extra character in the link provided.  Just needed to delete the character and it worked.

phecksel's picture
phecksel
Status: Silver Member (Offline)
Joined: May 24 2010
Posts: 204
There was an extra character

There was an extra character in the link provided.  Just needed to delete the character and it worked.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Solar power.

The pack size in this vehicle was 62.928 kWh (as opposed to the 98 kWhs of the original) and following the ECE-R 101 guidelines was found to be capable of running the A2 (Audi) on the rollers for 454.83 km (282.62 miles). Extrapolating, they found that if the battery was the original was installed, they would have achieved 714 km (443.7 miles)

A story about a new battery from Germany. Go Deutschland

The point being that if you had one of these vehicles parked in your garage you would not have to buy house batteries for your solar panels.

Note: Motorcars on the roller do not have to push air aside.

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