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    Daily Digest 1/28 – B.C. Is Becoming A ‘Banana Republic’, Killing Off A Success

    by DailyDigest

    Tuesday, January 28, 2014, 3:56 PM


Gold Price Exploding In Emerging Markets (Taki T.)

In Argentina, the central bank pared dollar sales aimed at propping up the peso to preserve international reserves that have fallen to a seven-year low. “The central bank said it would lift two-year-old currency controls and allow the purchase of dollars for savings starting next week. […] The government told today it isn’t intervening in the peso’s decline, allowing the market, which is mostly closed to buyers of dollars, to adjust prices. It wasn’t a devaluation induced by the state. For the lovers of free markets, supply and demand was expressed in the capital markets yesterday.”

‘Eating grass to survive’ in besieged Homs (westcoastjan)

“These shrubs and grass that we’re eating causes illnesses, such as indigestion and fever. A few days ago an elderly man died within six hours from eating the grass and shrubs.”

The unrelenting bombardment to which the besieged are subjected is also a cause of great suffering, with the regime forces “directly targeting civilian populated areas”, Mr Altalawy told the BBC.

Why There’s No Outcry (westcoastjan)

In prior decades students were a major force for social change. They played an active role in the Civil Rights movement, the Free Speech movement, and against the Vietnam War.

But today’s students don’t want to make a ruckus. They’re laden with debt. Since 1999, student debt has increased more than 500 percent, yet the average starting salary for graduates has dropped 10 percent, adjusted for inflation. Student debts can’t be cancelled in bankruptcy. A default brings penalties and ruins a credit rating.

Derek Corrigan: B.C. Is Becoming A ‘Banana Republic’ (westcoastjan)

FSD hired SNC Lavalin, a controversial engineering company, to complete an Environmental Impact Assessment (EIA) that said coal expansion would be unlikely to have adverse environmental or health effects.

Corrigan took particular issue with the hiring of SNC Lavalin, a company that he said has “done more to bring Canadian engineering into disrepute than any company has ever had the misfortune to do in the history of Canada.”

Start-ups challenge big banks’ technology (westcoastjan)

“As a result of the proliferation of technology, digital, and now mobile with it, the barriers to entry have significantly decreased,” said Mr Scandurra. “Now we’re seeing that teams of 10 to 15 people can actually take on the large incumbents all around the world.”

Banking apps on Android phones most at risk of cyber attack, Kapersky says (westcoastjan)

“Cyber crime is moving to mobile but people are not aware. It’s still not as big as computer crime but it’s growing fast. The trend is a very dangerous situation,” he said at a cyber-tech conference in Israel, where he wants to open a research and development lab.

Kaspersky makes one of the top-selling anti-virus programmes in the United States, where it has gained market share in recent years against products from Symantec Corp, Intel’s McAfee and Trend Micro.

Why the Olympics Are a Lot Like ‘The Hunger Games’ (westcoastjan)

Looking back now, I finally understand an experience I couldn’t quite grasp as a child. I see that the beautiful illusion I once searched for is a fabrication, the creation of ingenious marketing mechanisms by those who run the Olympic show. I once hoped that the patriotic glory I was told so much about would give meaning to the physical and emotional pain of my athletic struggle. I grew accustomed to gritting my teeth under the strain of various forms of pain: the daily grind of hours of elite-level training, and the toll it exacted on my developing body; the pain I felt upon slamming into a wall of ice at 80 miles per hour; the biting winter cold that whipped across my thinly protected, spandex-clad form while sitting atop a frozen winter landscape. Then there was the emotional pain and fear, which took on various forms: the constant fear of bodily harm that scarred my mind, just as my body was scarred by more than a hundred stitches; the fear that I would disappoint those I loved and those who had invested time and money in my athletic career.

Killing Off a Success (Amanda)

In an email to members of the university’s Board of Visitors, a board member (and former chairwoman), Helen Dragas, said that after looking over a draft of the university’s long-term spending priorities, she found a new $17.5 million line item for advertising and communications but the same plan was “sadly” silent on new university money to aid low-income students through AccessUVa.

German cows cause methane blast in Rasdorf (westcoastjan)

Thanks to the belches and flatulence of the 90 dairy cows in the shed, high levels of the gas had built up.

Then “a static electric charge caused the gas to explode with flashes of flames” the force said in a statement quoted by Reuters news agency.

‘Ethical Oil’ Launches Neil Young Attack Site (westcoastjan)

The site notes that Young’s tour had only one listed sponsor, the Lakota People’s Law Project, which it describes as “the main project of the California-based Romero Institute.”

The Lakota People’s Law Project is a campaign helping South Dakota aboriginals who have had their children taken away by the state.

TransCanada Pipeline Explodes Leaving 4,000 Canadians without Natural Gas (James B.)

The Canadian winter is probably the worst time to lose access to a reliable source of heat and energy, but nearly 4,000 residents in the province of Manitoba are without natural gas after a pipeline operated by TransCanada Corp., exploded on Saturday

Gold & Silver

Click to read the PM Daily Market Commentary: 1/27/14

Provided daily by the Peak Prosperity Gold & Silver Group

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