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    Daily Digest 10/14 – How Ebola Spreads, The Coal Paradox

    by DailyDigest

    Tuesday, October 14, 2014, 2:23 PM


Read this to get a better understanding of how Ebola spreads (jdargis)

It is important to emphasize that Ebola Reston virus does not cause disease in humans. It also survives longer than Ebola Zaire—the species responsible for the West African epidemic—when aerosolized in the lab. But even Ebola Zaire can remain infectious when aerosolized for at least 90 minutes. What happens in the lab, however, doesn’t always represent the real world.

Since the Reston scare, scientists have learned more about Ebola transmission from other outbreaks.

Do Minimum Wage Increases Benefit the Middle Class? (Doug S.)

There is no simple way to anticipate the various impacts of worker wage increases in a globally complex interdependent economy. Probable effects are variable across industries, business models, competitive environments, disparate national circumstances, and sunk cost contexts — a point that government analyses often overlook. What we do know is that a local minimum wage increase is a different animal than a national increase.

Silver, Warfare and Welfare (GE Christenson)

An accident where the financial elite are hurt more than the masses could happen but it seems like an unlikely scenario. Hence, as with the past 50 years, expect more currency in circulation, much more debt, higher consumer prices, more warfare, and more welfare.

Web-Era Trade Schools, Feeding a Need for Code (jdargis)

Many boot camps are clustered in the South of Market neighborhood here, a center for software start-ups. But 60 such schools have been started across the nation since 2012, attracting students with the promise that anyone — even someone without a computer background — who works hard can learn enough to qualify for a job developing software in an industry desperate for programming talent.

The Coal Paradox (jdargis)

A portion of the costs will be recouped by selling the waste products that are now being captured. Going in, SaskPower knew it could turn the carbon dioxide into cash by selling it to oil companies. In a process known as enhanced oil recovery, oil drillers for decades have been boosting the yields of aging fields by injecting catalysts like natural gas, steam, or carbon dioxide into them.

5 Reasons Oil Prices Are Dropping (James S.)

As oil prices continue to fall, analysts and producers are trying to wrap their heads around the reasons and identify a floor price. Even though crude benchmarks like Brent and WTI keep dropping, the cost of finding oil continues to rise. What are some of the key drivers that have created this paradox?

New report outlines national security threats of climate change (jdargis)

“In our defense strategy, we refer to climate change as a ‘threat multiplier’ because it has the potential to exacerbate many of the challenges we are dealing with today, from infectious disease to terrorism. We are already beginning to see some of these impacts,” Defense Secretary Chuck Hagel wrote in the introduction to the 20-page document.

On Monday, at an international meeting of defense ministers in Peru, Hagel unveiled the report, which outlines a long list of sweeping potential changes for the Defense Department…

In 15 Years, Floods Will Be a Part of Everyday Life on the East Coast (jdargis)

Climate Central published a report in September that shows many of Washington, D.C.’s low-lying tourist sites, like the National Mall, flooded by the end of the century. Washington D.C. fares the worst in the UCS report as well. Using a moderate model for sea-level rise in the next 15 years, the report says D.C. can expect more than 150 tidal floods a year. By 2045, D.C could expect 400, with the city sometimes flooding twice a day. Most of the 52 places analyzed could see a 10-fold increase of tidal floods.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/13/14

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."

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  • Tue, Oct 14, 2014 - 2:38pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    Germany Cuts Growth Outlook as Recession Peril Mounts


    1. Venezuela Default Almost Certain, Harvard Economists Say
    2. Germany Cuts Growth Outlook as Recession Peril Mounts
    3. Greek bond yields pass 7% as worries return
    4. Even tripling N.J. gas tax would fall billions short of transportation needs, lawmaker says
    5. Italy's Renzi announces tax cuts as EU scrutinizes budget
    6. Russia Pulls Debt Sale as Oil Slump Sends Yields to 5-Year High
    7. PBOC cuts interest rates for second time in a month (China)
    8. EU steps up crackdown on tax evasion
    9. Mayor Emanuel Proposes Tax Hike on Parking in Chicago Garages

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  • Tue, Oct 14, 2014 - 9:02pm



    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1435

    Golem XIV on European banks

    You have to laugh to keep from crying…

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  • Wed, Oct 15, 2014 - 9:31am



    Status Bronze Member (Offline)

    Joined: Dec 28 2010

    Posts: 209

    Obama and Hagel, starring in "The Incompetents"

    Only the current clueless U.S. administration would spend more time on a theoretical threat 30 years in the future, than on a real threat (ISIS) immediately at our doorstep.

    "The military is bracing for a global warming crisis that will cause sea levels to rise by at least 12 to 18 inches over the next 20 to 50 years."

    New report outlines national security threats of climate change.

    Elections, like life choices, have consequences.

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  • Wed, Oct 15, 2014 - 11:35am


    Taz Alloway

    Status Bronze Member (Offline)

    Joined: Feb 18 2010

    Posts: 461

    Resource wars


    I think the point is that as climate change brings droughts, floods, loss of arable land and drinking water, state instability occurs.

    It is not only an issue for the future, it has happened in the past: Syria's displaced farmers are widely understood to have sparked the Assad rebellion and insurrection.

    The race to secure resources is heating up.

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  • Wed, Oct 15, 2014 - 12:43pm

    Reply to #3


    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1357


    [quote]a theoretical threat 30 years in the future[/quote]Climate change is happening now, negatively affecting literally millions perhaps billions of lives and is on track to get much worse.  Greenhouse gas emissions need to be reduced radically starting now if we wish to avoid the very worst.  The military is just prudently planning for an inevitable future.
    I highly recommend this thread:

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  • Wed, Oct 15, 2014 - 3:14pm



    Status Bronze Member (Offline)

    Joined: Nov 07 2012

    Posts: 35

    Not theoretical

    Is climate change happening? Yes, but climate change is always happening.

    Are man made green house gasses speeding it up? Likely yes.

    Is cutting our greenhouse gas output going to stop climate change? No.

    Climate change is a reality (not a theory) but we have as much chance of changing it as one would standing on a beach with their arms stretched out attempting to stop a hurricane.

    Instead of wasting trillions of dollars trying to stop the earths natural cycles, we would be much better off accepting what's coming and preparing for life down the road. Just like the Indians migrated south as the ice receded thousands of years ago, we must come to accept the fact that the seas will rise and a beachfront home on the coast of Florida may not be a great long term investment.

    I also suspect 10,000 years from now we may be saying, "conserve water, it's all freezing at the poles and if we don't change (Insert bad habit here) we will soon have no water".  


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  • Thu, Oct 16, 2014 - 9:35am



    Status Bronze Member (Offline)

    Joined: Dec 28 2010

    Posts: 209

    Al Gore = Theory. ISIS = Reality.


    Sorry guys, but your thought leaders predicted that sea levels would rise 20 feet in the "near future".

    This was in 2006.  Not sure what "near future" means to you, but it means sooner that eight years to me.

    Undeterred and more chronologically confident, your same fearless thought leader predicted that "the entire north polar ice cap will be gone in five years".

    This was in a speech in Germany.  Dec 14, 2008.

    By my simple calculations, five years was last year  on Dec 14, 2013.  Let's see how the data supports your public leader's responsible and thoughtful prediction

    An inconvenient truth.

    Look, guys I'm on your team.  I want careful study of the climate.  I want to get off of fossil as fast as practicable. 

    I don't want the environment to be damaged. 

    Maybe if you get the guys on your team to stop scaring people with irresponsible, politically-motivated predictions, funded scientists that actually want to discover scientific truths, measure things accurately and not support entrenched, religious earth-beliefs, and actually use those massive piles of government loot to fund Thorium reactor research and solar power Manhattan projects, instead of ridiculous socialized medicine boondoggles and billions on Obamacare websites that don't work, I would get on your team too.

    There is a better path than the one we are on, one that could benefit all parties.

    In the meantime, I would appreciate it if my government did its constitutional duty and focused on immediate national security threats with equal or greater intensity than politically-motivated, theoretical threats, 30 years in the future.

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  • Thu, Oct 16, 2014 - 11:15am



    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1357

    Sorry Hrunner...

    …you'll have to present some evidence that any responsible scientist said we would have a 20 ft. sea level rise within eight years.  That simply didn't happen.  I assume you meant Al Gore, the favorite whipping boy of the denialosphere, as a thought leader.  The vid in your post won't play.  Perhaps you could point out, with references, who is making "irresponsible, politically-motivated predictions" aside from the big oil funded "think tanks", denial blogs and politicians.

    As far as an ice free Arctic, it is still predicted that that will happen in the summer in the relatively near future.  And no, it will not be ice free in the winter in any foreseeable scenario. 

    I appreciate that you are on our side, but simply repeating right wing memes does nothing to further the conversation.  Become acquainted with what the 97% consensus of publishing climate scientists are saying, then we have a good starting point.

    BTW, if you're going to copy the Arctic sea ice chart, you should really copy the one with the 1981-2010 average as is done here:

    You'll see that every year since 2002 the sea ice has been below that average.


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  • Thu, Oct 16, 2014 - 12:15pm



    Status Gold Member (Offline)

    Joined: Mar 06 2012

    Posts: 571

    Chronic threats vs. bogeymen

    Like unsustainable debt buildup and declining net energy per capita (i.e. peak oil), climate change is a complex problem that is difficult to understand.  Nonetheless, in the long run, its potential for destabilization of our global industrial civilization is very real.  

    While we can't pin every weather event on climate change any more than we attribute every downward blip in the market to peak oil, we can say with confidence that all else equal, climate change produces a less stable climate, with a number of consequences, including more frequent and longer droughts.  This is very similar to saying that, all else equal, we can expect economic growth to be flat or even negative due to passing the oil peak, and so more frequent recessions can be expected in a world of declining net energy per capita.

    Here is an example of how climate change is likely affecting us now:


    I don't know enough about ISIS to comment, but my experience with past terrorist and militant "threats" was that the powers that be (on both sides of the aisle, and perhaps deeper than that…) exploited and distorted the situation to serve their own purposes.

    Example, the other terrorist attack of 2001…the one that emptied our capitol and created a climate of fear in the Congress in the days right before passage of the Patriot Act:

    Since Article I of the Constitution is about the legislature, I would guess that our framers would have been quite concerned about such an attack on the first branch, the one that best expresses the will of the people.

    Below, in response to this attack, McCain summons a bogeyman to make sure we eat our supper, go to bed on time, vote for the Patriot Attack, and support more wars:

    While the question of who really perpetrated this attack is one on which I will decline to speculate, virtually no one, including the FBI, still claims that it was Iraq or militant Islamic groups.

    I am more likely to support my government when it takes action to improve the long-term trajectory of our civilization by addressing chronic underlying destabilizers and will be much less likely to support it when it calls for the need to use military force in addressing short-term, acute conflagrations, whether real or imagined.

    (Note for government censors and snoops: I am posting the note above as an example of a distorted threat.  I do not advocate anything written in these images, least of all the incorrect spelling of penicillin)

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