Carl Weinberg, chief economist at High Frequency Economics, says no. He argues that Japan is in a depression, driven primarily by its quickly shrinking population. Government funds are tied up taking care of the the nation’s elderly, and there’s no room for serious stimulus to drag it out of this slump. To illustrate the fultility of Abenomics, Weinberg provides the following chart, and an explanation…
Though prices at the gasoline pump have dropped below $3 a gallon in many parts of this country and domestic production of oil and natural gas is booming, these are short-term trends when viewed from the perspective of a many-decades-long transition, De Young said.
The planet’s carbon stores have always been finite, and continuous growth in the use of these resources is unsustainable. And though fossil fuels will likely be extracted from the Earth’s crust for years to come, the amount available to society over any given time period will slowly decline, he said.
As one refiner told me: “Over the past four weeks my cost of hedging has risen by 30 per cent. Not only that, but there is not enough liquidity in the physical market in London to settle my obligations as they come due. I have to fly gold from Zurich to London, because there just is not enough gold on offer in London. You never used to have to do that.”
Over the 12-month period ending in October, the number of private-sector jobs in the city rose by 87,200, a gain of 2.5 percent, to 3.56 million, said Elena Volovelsky, a senior economist with the Labor Department. The strongest contributor to that increase was the leisure and hospitality sector, which added about 4,000 jobs in October, Ms. Volovelsky said. That sector, which includes hotels, restaurants and attractions that appeal to tourists, has grown the fastest in the last 12 months, at a rate of 5.5 percent, she said.
America’s 11 Million (jdargis)
The demographics of America’s undocumented immigrants, more than half of whom have been the United States for more than 10 years and nearly a third of whom own homes.
If oil prices continue to spiral downward, what will be the economic and strategic results? Not too bad, says Gawdat Bahgat. Consumers will benefit at the expense of producers and, perhaps more controversially, the ‘oil for security’ bargain crafted between Western powers and Middle Eastern suppliers will remain intact. Shortly after the 1973 Arab-Israeli war Arab oil producing countries cut production and imposed an oil embargo on the United States and a few other countries in retaliation for their support of Israel. This led to a rapid surge in oil prices that came to be known as the first ‘oil shock.’
The story of how wine will react to climate change is one small but telling piece of the larger one of how agriculture as a whole will endure. But researchers are looking at wine specifically because for this slow-moving, climate-sensitive industry, anticipating how to properly adapt will be a particular challenge.
Scientists: Be Lazy, Don’t Rake Leaves (jdargis)
Further, a number of butterfly and moth species pass the winter as pupae (ie, a non-feeding stage between larva and insect) within your leaves. Ditch the leaves, and you don’t just get rid of them—you reduce the food supply available to birds in the spring. If you’re too persnickety to have a leave-strewn lawn all winter, rake them off the lawn but into your plant and flower beds, the post suggests. Composting is a best practice, too, and leaf blowers absolutely are not: They create noise pollution.
Gold & Silver
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