“Maybe there was some sort of presumption on the part of the president and his team that if the U.S. said stop, this process would come to a halt,” said Phil Levy, a senior fellow at the Chicago Council on Global Affairs and an economist in the George W. Bush administration. “What this shows is that’s not true. The world just moves on without us.”
Experiments have shown that decisions we consciously make are actually made neurologically many seconds before we ever become conscious of them. The mental noises we hear in our mind’s ear tell us we’re thinking through our potential choices and then making a conscious “I’ll choose this option” decision in day-to-day living, but more and more research seems to show that our behavior is far more likely to be determined by unconscious mental habits than by the process of conscious thinking.
“The one thing everyone on the internet seems to agree on for the moment is that the internet kind of sucks,” John Green says, one hand pulling anxiously at his hair. His YouTube video Your Attention is both an explanation of why social media works the way it does — “Twitter is not structured to make us better informed or happier. It is structured to keep us on Twitter” — as well as a plea, to both himself and his audience, to choose where they give their attention this year.
Buy Europe’s Unloved Banks While They’re Cheap (Tiffany D.)
The ECB’s president isn’t exactly a hawk on monetary policy. But we’re already seeing plenty of hints that the ECB may start signaling a change in its inflation stance from, let’s say, “more dovish” to “less dovish.”
And since rising rates make a currency more attractive to hold, the news was enough to strengthen the euro to its highest level versus the dollar in four years.
For one, the influence of one of the most powerful forces of the past half-century, the modern petrostate, would be diminished. No longer would “America First” diplomats need to tiptoe around oil-supplying nations such as Saudi Arabia. The Organization of Petroleum Exporting Countries would find it tougher to agree on production guidelines, and lower prices could result, reopening old wounds in the cartel. That would take some muscle out of Vladimir Putin’s foreign policy, while Russia’s oligarchs would find it more difficult to maintain the lifestyles to which they’ve become accustomed.
Is This The World’s Most Critical Pipeline? (Michael K.)
Azerbaijan will play an essential role in European energy security, not only as a European partner with a stable economy, but also a supplier with growing export potential of the much-needed commodity in a world of rising energy prices. And while the Southern Gas Corridor won’t replace Europe’s need for Russian gas, it will, however, be an outstanding actor for Southern European countries supplied by liquefied natural gas (LNG) carrying higher shipping costs.
Dear Elon: Tesla’s Base Is Not the Model S Coalition (Matthew K.)
We can see the rift growing in real time: while techies continue to celebrate Amazon, Uber, and Silicon Valley in general, there’s an escalating progressive backlash against labor conditions at warehouse distribution centres, more and more and more and more evidence of Uber’s culture of toxic lawlessness, and the obscene excesses of startup culture (which include a Dickensian digital class divide, possibly-endemic sexism, predatory sex parties and entitlement complexes worthy of the sons of Trump — and that’s only the stuff we know about so far).
"It is quite unbelievable that a majority of people do not seem to care and are sending all of us headlong towards Day Zero," a statement from the mayor's office said. "We can no longer ask people to stop wasting water. We must force them."
Starting February 1, residents will only be allowed to use 50 liters, or a little over 13 gallons, of water per person, per day.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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."