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    Daily Digest 10/6 – Revisiting the Fall of 2008, Massive Red Tide Chokes Florida Beaches

    by DailyDigest

    Saturday, October 6, 2018, 2:32 PM


Revisiting the Fall of 2008 (tmn)

Fund managers were telling us to take out as much cash from the bank as we could heading into the weekend (crazy things seemed to always happen on the weekends). Our peers in the endowments and foundations world were scrambling to shore up their cash reserves because so many of their holdings were illiquid. Even cash management was an issue as investors were selling anything that wasn’t a short-term U.S. Treasury bond.

Amazon eliminates monthly bonuses and stock grants after minimum wage increase (thc0655)

”The significant increase in hourly cash wages more than compensates for the phase out of incentive pay and RSUs,” Amazon’s spokesperson said in an emailed statement to CNBC. “We can confirm that all hourly Operations and Customer Service employees will see an increase in their total compensation as a result of this announcement. In addition, because it’s no longer incentive-based, the compensation will be more immediate and predictable.”

How Trump Is Trying—And Failing—To Get Rich Off His Presidency (tmn)

By refusing to divest, Trump raised an unprecedented question: How would the most divisive presidency in modern American history affect a company built on the president’s persona? Forbes has been working to answer that question since the moment Trump got elected, interviewing nearly 200 colleagues, partners and industry observers. While the experiment continues to unfold, in real time, the early results are in. Much as he’s trying—and he’s definitely trying—Donald Trump is not getting richer off the presidency. Just the opposite. His net worth, by our calculation, has dropped from $4.5 billion in 2015 to $3.1 billion the last two years, knocking the president 138 spots lower on the Forbes 400.

Alarm as Red Cross workers attacked in Congo Ebola efforts (thc0655)

The World Health Organization, which last week announced that the risk of Ebola's spread over Congo's border was "very high" after cases were confirmed near Uganda, now says the outbreak is at a "critical point." The WHO director-general, Dr. Tedros Adhanom Ghebreyesus, has expressed concern about the virus' spread into inaccessible "red zones" where armed groups have control.

Trump administration pushing to ease roll-out of driverless cars and trucks (Thomas R.)

Federal officials also announced a joint research effort, by the departments of Transportation, Labor, Commerce and Health and Human Services, to study the “workforce impacts” of driverless vehicles. Transportation Secretary Elaine Chao said she remains “extremely concerned” about the impact increased automation will have on the nation’s workforce.

GM’s self-driving deal with Honda is a wakeup call for Waymo (Thomas R.)

To build the thousands—and eventually millions—of cars necessary for Waymo's technology to go mainstream, Waymo is going to want to tightly integrate its sensors and computing hardware into car designs so they can be added during the manufacturing process. This is not only a more efficient method—it's also going to produce higher-quality vehicles.

Mattress Firm files for Chapter 11 bankruptcy protection, will close up to 700 stores (Thomas R.)

"We intend to use the additional liquidity from these actions to improve our product offering, provide greater value to our customers, open new stores in new markets, and strategically expand in existing markets where we see the greatest opportunities to serve our customers," he said.

Mattress Firms said in a court filing that it will not conduct typical going-out-of-business sales, where customers might score a deal.

The No.1 Pitfall For Oil Prices (Michael S.)

But, while it is easy to observe the fact that fuel prices have skyrocketed in emerging markets, the hard part is trying to figure out how this impacts demand.

Red tide just spread to Florida's Atlantic coast, choking some the most popular beaches (Sparky1)

Some of Florida's pristine, white sand beaches have been shuttered because of red tides, which are caused by algae found almost exclusively in the Gulf of Mexico.

The natural phenomenon is deadly to marine life and can irritate people's skin and lead to respiratory problems, especially for people with asthma.

The Pentagon Wants to Create a Bioengineered Insect Army to "Protect Crops" (Thomas R.)

DARPA's program manager for Insect Allies, Blake Bextine, pushed back on the Science article, saying the program is solely for peaceful purposes, has been reviewed by government agencies responsible for agricultural safety and has multiple layers of safeguards built into the research protocols, including total containment of the insects.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/4/18

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  • Sat, Oct 06, 2018 - 7:09am


    Beckett Bennett

    Status: Silver Member

    Joined: Feb 06 2011

    Posts: 114


    Light a Bulb Moment

    OMG, This is where we are and what we have.
    Anomie is a “condition in which society provides little moral guidance to individuals”. It’s a breakdown of social bonds between an individual and the community, e.g. under unruly scenarios resulting in fragmentation of social identity and rejection of self-regulatory values. The term is commonly understood to mean normlessness, and believed to have been popularized by French sociologist Enile Durkheim in his influential book on Suicide.

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  • Sat, Oct 06, 2018 - 8:52am



    Status: Member

    Joined: Apr 16 2018

    Posts: 21



    I believe the goverment focus on the rights of the individual versus "E Pluribus Unum" has something to do with many of societies problems. The "continuity of government" laws are in place, imo, to insure some level of government is still in place after a crisis. But ultimately, after a crisis, it while be local communities of like-minded people that will form who will govern themselves. And they will shun/turn away people that don't share their ideas/beliefs for "they" won't care about "them".


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  • Sat, Oct 06, 2018 - 1:42pm



    Status: Gold Member

    Joined: Jun 25 2014

    Posts: 881


    I think the biggest After Armageddon error

    is that you don't go fast, the way they said.  You should go slow.  Make up a camp, identify free resources, harvest the resources you are likely to need while setting up another camp farther up the road.  Then move your stuff to the new camp; and do it slow, so as not to attract attention.  Also don't stay in the same place for too long, for the same reasons. 
    Ideally, you come down to one of two situations:  either you end up with a community where things have stabilized, or you end up with an itinerant migratory path that you follow back and forth.  Either way, you end up not representing a threat to surrounding communities.
    One key, though:  they play off "opportunistic harvesting" against "looting.".  It's a real concern.  The key here is to not be harvesting from what is claimed.  Trade for that, if it is appropriate; or harvest from what is not claimed.  Seed where you want to harvest later.
    Another thing... I'd say as quickly as possible, train yourself on food-worthy weapons:  fire-sharp spear, sling, slingshot are a few.  Maybe a bow and arrows, if you can get it.  If nothing else, stone throwing.  Then practice as you walk.
    The payoff could be important.

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