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    Daily Digest 11/1 – Beware The Fine Print, Brazil Goes Thirsty

    by DailyDigest

    Sunday, November 1, 2015, 4:18 PM

Economy

Reliable Rebel (richcabot)

Both his vote share and his margin of victory dwarf Blair’s 1994 results. In a field of four candidates, Corbyn won an outright majority on the first round of voting, taking 59.5 percent of the vote. Experienced former ministers Andy Burnham and Yvette Cooper, both of whom had served under Blair and Brown, finished a distant second and third. The candidate most closely associated with the Blairite, pro-business side of the party, Liz Kendall, languished in fourth place with a mere 4.5 percent of the vote.

ISIS Releases Video Of Alleged Russian Airplane Mid-Air Exposion After It Claims Responsibility For Disaster (richcabot)

A militant group affiliated to Islamic State in Egypt claimed responsibility for the downing of a Russian passenger plane that crashed in Egypt’s Sinai peninsula on Saturday, the group said in a statement circulated by supporters on Twitter.

Below is the full statement from a group alleging to speak on behalf of Islamic State, posted on their affiliate site, translated by the Guardian’s Jahd Khalil. It offers no evidence that the group brought down the plane, apart from their word.

The Path to Liberty – Developing an Anarchist Heuristic for Change (Steve R.)

Like the European socialists, anarchists love secession. Unlike them, we love it out of principle. We love secession because it weakens the state. The state is nothing without a sizable geographic territory under its monopolistic command. Therefore, anarchists want a world of progressively smaller and smaller states, until the day that each individual is sovereign in his or her own right. So, when anarchists observe what is happening in Europe, they might ask themselves “Should we support the socialists’ efforts to secede?

Beware The Fine Print (jdargis)

When she bought her car, Tinker Martin-Bowen signed a contract with an arbitration clause that took away her right to a jury trial. Only later did she realize just what she had given up.

How a group of neighbors created their own Internet service (jdargis)

Faced with a local ISP that couldn’t provide modern broadband, Orcas Island residents designed their own network and built it themselves. The nonprofit Doe Bay Internet Users Association (DBIUA), founded by Sutton, Brems, and a few friends, now provide Internet service to a portion of the island. It’s a wireless network with radios installed on trees and houses in the Doe Bay portion of Orcas Island. Those radios get signals from radios on top of a water tower, which in turn receive a signal from a microwave tower across the water in Mount Vernon, Washington.

Greek Lenders Told to Raise $15.9 Billion to Cover Bad Loans (jdargis)

Though large, the number announced by the European Central Bank is lower than some experts had feared. And it means that as the banks move to meet their shortfall, it is less likely that bank depositors will be required to take losses. Instead, the money is expected to be raised from bank investors in some combination with funds from the €86 billion package of bailout loans that Greece agreed to this summer with eurozone creditors.

Einstein’s theory of relativity explains fundamental properties of gold (Arthur Robey)

From their observations the researchers conclude that the properties of gold are fundamentally determined by “relativistic effects”. These effects come into play in physics when a phenomenon can no longer be described as “classical”. In chemistry this applies to the properties of certain elements. The relativistic effects derive from Albert Einstein’s theory of relativity with the well-known formula E = mc2 by which Einstein established a connection between energy, mass and speed of light. “Of the stable elements, the predicted relativistic effects are most noticeable with gold,” says Prof. Straub. A well-known example is the striking difference in colour between yellow gold metal and colorless silver metal.

Brazil, land of water, goes thirsty (LesPhelps)

Daily water access, potential disruption of the 2016 Rio Olympics, crop irrigation, and the running of Brazil’s hydroelectric industry, which provides for 75 percent of the country’s power, are all at stake.

Gold & Silver

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

Provided daily by the Peak Prosperity Gold & Silver Group

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