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    Daily Digest 10/5 – TPP Explained, The Reign Of Recycling

    by DailyDigest

    Monday, October 5, 2015, 11:04 AM

Economy

The Biggest Questions Awaiting the Supreme Court (jdargis)

The legal principle of “one person, one vote” got its fullest expression in the 1964 case Reynolds v. Sims, which ruled that state legislative districts must contain roughly equal numbers of people. Before then, district populations varied widely, an intentional practice that gave more power to rural white voters than those in the more diverse cities. While the court has never defined who counts as a person, the vast majority of states count all people who live in a district, even if they are not eligible to vote.

Taxpayers’ Alliance: Cut pensioner benefits ‘immediately’ (Arthur Robey)

Mr Wild, who is research director of the think tank which campaigns for lower taxes and highlights examples of Government waste, said the cuts should be made “as soon as possible after an election for two reasons”.

“The first of which will sound a little bit morbid – some of the people… won’t be around to vote against you in the next election. So that’s just a practical point, and the other point is they might have forgotten by then.”

Google’s ‘Don’t Be Evil’ Becomes Alphabet’s ‘Do the Right Thing’ (jdargis)

Google’s code of conduct is much longer than Alphabet’s. It includes idiosyncracies about drinking alcohol at work (OK but not too much) and taking pets to the office (dogs are cool but cats are discouraged).

The Alphabet code sticks to the basics: avoid conflicts of interest, maintain integrity and obey the law.

The Myth Behind Defensive Gun Ownership (jdargis)

Specifically, NCVS asks questions on the household level every 6 months. The first household interview has no time frame. Follow-up interviews are restricted to a six-month time frame and then NCVS corrects for duplicates. Using this strategy, NCVS finds that telescoping alone likely produces at least a 30 percent increase in false positives.

The Trans-Pacific Partnership Trade Deal Explained (jdargis)

In June, Mr. Obama successfully overcame opposition from Democrats to win trade promotion authority: the power to negotiate trade deals that cannot be amended or filibustered by Congress. He must now convince Congress — his fellow Democrats, in particular — to approve the trade deal. Lawmakers have 90 days to review the pact’s details.

The Reign Of Recycling (jdargis)

Despite decades of exhortations and mandates, it’s still typically more expensive for municipalities to recycle household waste than to send it to a landfill. Prices for recyclable materials have plummeted because of lower oil prices and reduced demand for them overseas. The slump has forced some recycling companies to shut plants and cancel plans for new technologies. The mood is so gloomy that one industry veteran tried to cheer up her colleagues this summer with an article in a trade journal titled, “Recycling Is Not Dead!”

This Week In Energy: Don’t Be Fooled By Latest U.S. Production Data

In other words, the M&A activity has been explosive, even if only a few individual deals splash across the headlines (the Shell-BG purchase comes to mind). The Shell-BG deal accounted for $70 billion; Schlumberger (NYSE: SLB) announced in August its decision to purchase of Cameron International for $12.7 billion; and earlier this week Energy Transfer Equity LP finally sealed a deal with the pipeline operator Williams Companies for $32.6 billion. The M&A activity suggests that larger firms sense an opportunity to grow during the downturn, and while it may seem like a lot of companies are sitting on the sidelines, deals are getting done.

‘Stay in Your House’: Officials Warn Residents During Unprecedented ‘1,000-Year’ Floods (jdargis)

More than 250 roads across the state were closed due to the storm that dumped over two feet of rain in some areas, according to the state’s department of transportation, which reported it had responded to nearly 1,200 distress calls and more than 300 collisions. One DOT employee was unaccounted for, said South Carolina Transportation Secretary Christy Hall Sunday, without offering additional details.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/2/15

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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