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    Daily Digest 10/31 – Home Loan Discrimination Re-emerges, America’s First Offshore Wind Farm

    by DailyDigest

    Saturday, October 31, 2015, 2:29 PM

Economy

Cash Is Becoming Radioactive (richcabot)

Meanwhile back in Sweden a pro-cash resistance movement is beginning to coalesce and the head of a security industry lobbying group relates, “I’ve heard of people keeping cash in their microwaves because banks won’t accept it.”

Many Need to Shop Around on HealthCare.gov as Prices Jump, U.S. Says (jdargis)

Mr. Frank, on leave from his position as a professor of health economics at Harvard, described the data in a positive light. “The Affordable Care Act has created a dynamic, competitive marketplace, with considerable choice and affordable premiums in 2016,” he said.

Consumers are not so sure.

How Stuy Town was won (jdargis)

The plaque is still missing today, more than five years after Tishman Speyer surrendered the property. But last week, its message got a new lease on life: As part of a new $5.3 billion deal to buy the 80-acre complex, fund managers Blackstone Group and Ivanhoe Cambridge agreed to keep 5,000 of its apartments affordable for at least 20 years.

‘Redlining’ Home Loan Discrimination Re-emerges as Concern for Regulators (jdargis)

Hudson, while denying wrongdoing, agreed last month to pay nearly $33 million to settle a lawsuit filed by the Consumer Financial Protection Bureau and the Justice Department. Federal officials said it was the largest settlement in the history of both departments for redlining, the practice in which banks choke off lending to minority communities.

You’re About to Get Too Expensive for Your Pension Plan (jdargis)

Employers are already deeply concerned about the extent and uncertainty of future pension liabilities and are trying to shed them. The proposed increase in the budget legislation would push even more pension plans to manage costs any way they can, including reducing participant head count, said Alan Glickstein, a senior retirement consultant with Towers Watson.

Exclusive: Elevated CO2 Levels Directly Affect Human Cognition, New Harvard Study Shows (richcabot)

n a series of articles, I will examine the implications for public health both today (indoors) as well as in the future (indoors and out) due to rising CO2 levels. This series is the result of a year-long investigation for Climate Progress and my new Oxford University Press book coming out next week, “Climate Change: What Everyone Needs to Know.” This investigative report is built on dozens of studies and literature reviews as well as exclusive interviews with many of the world’s leading experts in public health and indoor air quality, including authors of both studies.

A recipe for an affordable, safe, and scalable flow battery (jdargis)

The quality of the membrane is also of the utmost importance to the RFB performance. It must allow solely for the flow of electrons and must retain the active chemicals. This is critical to prevent short-circuits and a self-discharge. The high cost of membranes that meet these criteria poses a large obstacle to the commercialization of many RFBs. One particularly common membrane, Nafion, accounts for 40 percent of the cost of an entire cell.

Meet America’s First Offshore Wind Farm (jdargis)

The U.S. has pursued a different path, in part due to geography. Unlike northern Europe, the U.S. is blessed with vast, open plains areas that are natural homes for wind farms. And the coastal regions of the U.S. are home to its seashore-owning elites who rebel at the prospect of turbines marring their serene views. NIMBYism—by which I mean “Not In My BaY”—has effectively put the kibosh on Cape Wind, a long-planned wind farm developers wanted to build in Nantucket Sound.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/30/15

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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2 Comments

  • Sat, Oct 31, 2015 - 3:03pm

    #1

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Unintended Consequences

    If the banks manage to drive the interest rates negative with a cashless economy, won't the Negative interest rates decrease the amount of liquid in the economy? Won't they have to give it all back somehow so that people have got money to spend? 

    Because that is the object of the exercise, I thought.  Or perhaps the object is to milk the economy for every cent, which is what Catherine A Fitts thinks.

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  • Sat, Oct 31, 2015 - 4:15pm

    #2
    Uncletommy

    Uncletommy

    Status Bronze Member (Offline)

    Joined: May 03 2014

    Posts: 514

    So where would you put your money?

    If interest rates are headed to the negative side of sovereign debt options and consumption of Walmart "bangles" is slowing down, perhaps investing in backwater agricultural companies might be the wisest move you could make. Do you think Russia is concerned about democracy in the Ukraine or in the grain acres that have been fought over for centuries? If you happen to be a monolithic sovereign country with large amounts of cash and population pressures looming on overworked land, maybe your investment  strategies would be more traditional. I think it's called food.

    http://www.reuters.com/article/2015/10/02/glencore-agri-sale-idUSL5N1222P420151002

    http://www.salic.com/English/Pages/default.aspx

    The SALIC news is very interesting. Love the Arabian fields in the background!

     

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