Daily Digest

Daily Digest 9/26 - China To Invest ¥2T In Green Economy, A Crisis Of Bigness, UBS Chief To Resign

Monday, September 26, 2011, 9:49 AM
  • European Debt Crisis: Live
  • China To Invest 2 Trillion Yuan In Green Economy: Report
  • Turmoil in Western Economies Has NRIs Heading Back Home
  • Bleeding the Patient, Modern Economics and the Symbolic Economy
  • This Economic Collapse Is A 'Crisis Of Bigness'
  • Rogue Trading Leads UBS Chief to Resign
  • In Time of Scrimping, Fun Stuff Is Still Selling
  • Video: NYPD Uses Pepper Spray, Force On Wall Street Occupiers

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

Economy

European Debt Crisis: Live (pinecarr)

Stock markets suffer early selloff before rallying, as Europe's policymakers scramble to come up with a rescue plan to hold the eurozone together.

China To Invest 2 Trillion Yuan In Green Economy: Report (pinecarr)

China will invest two trillion yuan (313 billion U.S. dollars) to promote low-carbon economy in the five years to 2015, the China Daily reported on Sunday, citing a senior official from the country's top economic planner.

Turmoil in Western Economies Has NRIs Heading Back Home (pinecarr)

Faced with declining salaries and job cuts abroad, an increasing number of NRI professionals are moving back to India in search of greener pastures, a move that will give homegrown companies the chance to target this attractive resource pool.

Bleeding the Patient, Modern Economics and the Symbolic Economy (pinecarr)

Modern economics is analogous to the junk-science of 17th century medicine, and it serves a symbolic economy of phantom wealth and freedom.

This economic collapse is a 'crisis of bigness' (Jeff B.)

To listen to a political leader at this moment in history is like sitting through a sermon by a priest who has lost his faith but is desperately trying not to admit it, even to himself. Watch Nick Clegg, David Cameron or Ed Miliband mouthing tough-guy platitudes to the party faithful. Listen to Angela Merkel, Nicolas Sarkozy or George Papandreou pretending that all will be well in the eurozone. Study the expressions on the faces of Barack Obama or Ben Bernanke talking about "growth" as if it were a heathen god to be appeased by tipping another cauldron's worth of fictional money into the mouth of a volcano.

Rogue Trading Leads UBS Chief to Resign (jdargis)

“I did not take the step of resigning lightly,” he wrote in an e-mail to staff on Saturday. “I am convinced that it is in the best interests of UBS to approach the future with a new leader.”

He also said the trading scandal had “worldwide repercussions, including political ones.”

In Time of Scrimping, Fun Stuff Is Still Selling (jdargis)

“People have a limited supply of energy to put toward controlling their urges,” Kathleen D. Vohs, a professor of marketing at the University of Minnesota, said in an e-mail. Ms. Vohs studies spending behavior at the university’s Carlson School of Management.

Video: NYPD Uses Pepper Spray, Force On Wall Street Occupiers (jdargis)

Approximately 80 protestors were arrested yesterday in conjunction with the ongoing occupation of Wall Street. The majority of the arrests, which were for disorderly conduct, obstructing governmental administration, blocking vehicular traffic, and one assault on a police officer, occurred around Union Square yesterday afternoon after nearly a thousand demonstrators marched down Broadway. Videos show NYPD officers corralling women with nets, indiscriminately discharging pepper spray, and tackling protestors.

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9 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4236
DRHolden's picture
DRHolden
Status: Silver Member (Offline)
Joined: Oct 18 2009
Posts: 131
Inured to Apocalypse

While apocalyptic stories may seem as if they are about our collective path, for the individual they are really about an inward journey. That is why they are quite good at filling movie theaters, bookstores, and churches. And, that is why any appeal to the apocalyptic strain in culture is a wrongheaded strategy when attempting to move people toward actual concrete steps that can improve our collective prospects amid the unfolding calamities of the 21st century.

http://evworld.com/blogs/index.cfm?authorid=12&blogid=997&archive=1

Tommygun's picture
Tommygun
Status: Bronze Member (Offline)
Joined: Apr 21 2009
Posts: 65
Large bullion find

A load of silver bullion found on a sunken WWII ship.

http://www.bbc.co.uk/news/uk-15061868

 

SagerXX's picture
SagerXX
Status: Diamond Member (Offline)
Joined: Feb 11 2009
Posts: 2252
Europe to leverage the EFSF

I was in the car and heard on the radio that a new solution being bandied about Europe is to leverage the EFSF (which would provide enough liquidity to overcome the crisis, I guess). This scares the ever-lovin' tar outta me, if true. http://www.zerohedge.com/news/eu-goes-monetary-union-suicide-pact

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1469
Print!

Where exactly is Europe going to drum up over $1T Euro?   And when you give the addict more of the drug he only wants more.  Finland hopefully is not part of this.   Detox!

SagerXX's picture
SagerXX
Status: Diamond Member (Offline)
Joined: Feb 11 2009
Posts: 2252
Well...
KugsCheese wrote:

Where exactly is Europe going to drum up over $1T Euro?   And when you give the addict more of the drug he only wants more.  Finland hopefully is not part of this.   Detox!

....if you lever up the EFSF at 5-to-1, you only need, say, 300 B Euros...and you'd have some walkin'-around-town money left over. Of course, then the underlying assets need a much smaller hit to make them go poof!... Not that the markets have been volatile lately or anything... Like I said, scary.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Evil In white.

I found this article  (US Law) about women pepper sprayed in NY.

It seems you have Sharia law.

 

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
The antidote to Sargent Pepper.

After watching "Sargent Pepper" I am feeling particularly evil. Dark thoughts bubble up.

However, Professor Brian Josephson (Nobel Laureate) will be investigating Rossi's device. It seems that in order to win a Laureate one needs an open mind.

On October 6 we will have the opportunity to make a long (more then 12 hours) test of one of the modules of the Rossi 1 MW generator. The module will be opened to us and we will have the opportunity to verify volumes and weights of the internal components.

Heat measurements will be done condensing all the steam produced in  heat exchanger and a secondary circuit where no water will be vaporized.

This is NOT an official test of the University of Bologna because the contract is not active yet.

 

My own thoughts are that a neutron in the Nickel nucleus is converted to a Proton and we have transmutation of Nickel into Copper with the release of 0.783eV.

I explained the whole idea rather clumsily like this.

 

Protons turn into neutrons if they capture an electron. The electron neutralises its positive charge.
If a neutron is converted back into a proton by losing an electron there is a mass discrepancy of 0.328eV.
If a nickel neutron is converted into a proton the atom becomes copper and 0.328eV (error 0.783eV) worth of energy is released.

A muon is a extra heavy electron. In muon catalysed fusion the muon replaces an electron. It has a negative charge so is invisible to the Coulomb barrier. It goes close enough to the nucleus to be captured by the weak force and a nuclear process is initiated.

I understand Focardi to be saying that an electrically neutral hydrogen atom can behave like a muon and convert one neutron of the nickel into a proton, with the commensurate exothermic energy yield.
(Nickel is No. 28 and copper is No. 29 on the periodic table)

Notes.
Neutron mass= 939.565eV
Electron Mass= 0.51eV
Neutron-electron mass= 939.050eV
Proton mass=938.272eV
Mass discrepancy = 0.783eV

 

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1469
SagerXX wrote:KugsCheese
SagerXX wrote:
KugsCheese wrote:

Where exactly is Europe going to drum up over $1T Euro?   And when you give the addict more of the drug he only wants more.  Finland hopefully is not part of this.   Detox!

....if you lever up the EFSF at 5-to-1, you only need, say, 300 B Euros...and you'd have some walkin'-around-town money left over. Of course, then the underlying assets need a much smaller hit to make them go poof!... Not that the markets have been volatile lately or anything... Like I said, scary.

I understand leverage but who is stupid enough to lend the money?  All Euro governments balance sheet is under durress and they share a currency.  Seems like more a shell game.

p.s. please don't tell me the FED is going to backstop this.

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