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    Daily Digest 11/27 – A Most Convenient Massacre, Does It Pay To Be Kind To Strangers?

    by DailyDigest

    Friday, November 27, 2015, 5:28 PM

Economy

Getting My Money’s Worth (richcabot)

The State Department on Monday issued a worldwide alert three days of ahead Thanksgiving cautioning travelers of “increased terroristic threats” from ISIS, al-Qaeda, Boko Haram and other groups.

A “worldwide alert.” Everywhere I go is at risk of a terrorist action.

The Human Error Behind the Kunduz Hospital Strike (jdargis)

The airstrikes came amid a military response to the Taliban’s recapture of Kunduz, the largest territorial gain for the group since the United States invaded Afghanistan in 2001. In the days following the incident, the American narrative of the events shifted rapidly with officials describing the strikes as “collateral damage,” a response to a threat against American forces, and later, the byproduct of faulty intelligence by the U.S.’s Afghan partners on the ground.

Maps from Russia and Turkey tell very different stories about the downed jet (richcabot)

Turkey’s officials say they spotted the Russian Sukhoi Su-24 military plane flying into Turkish airspace, across the border that it shares with Syria. They claim they warned the Russian plane 10 times in five minutes before they shot down the plane. Russia’s defense ministry said they received no communication attempts from Turkey — visual or otherwise.

Turkish president warns Russia not to ‘play with fire’ after Putin suggested Su-24 jet was shot down after America passed on details of its flight path (richcabot)

Moscow has threatened Ankara with economic retaliation for the incident and Putin even accused the U.S of leaking information about the flight to Turkey after they gave them prior warning of the mission.

Meet The Man Who Funds ISIS: Bilal Erdogan, The Son Of Turkey’s President (richcabot)

As Sputnik transcribes, according to a press release from Russia’s Ministry of Foreign Affairs, Lavrov pointed out that, “by shooting down a Russian plane on a counter-terrorist mission of the Russian Aerospace Force in Syria, and one that did not violate Turkey’s airspace, the Turkish government has in effect sided with ISIS.”

Does It Pay To Be Kind To Strangers? (jdargis)

It wasn’t meant to be like this. Mann, a psychologist at the University of Central Lancashire, had just embarked on a new project to explore the phenomenon of “paying it forward” – a popular philosophy of being generous to a stranger, in the hope they will pass on the kindness to someone else. “The idea is to create a chain – a domino effect,” Mann explains.

Why No One Will Implement the Best Solution to Economic Stagnation (jdargis)

The first is… doing nothing at all. Let us call this position “Caution!” The economy, some claim, will heal itself, like an organism responding automatically to a fire, flood, or famine. The logic goes thus: as the unemployment rate falls, so wages will be forced to rise, because there is more competition for workers. That is classical economic theory  —  and it appears to be mistaken, because it does not examine the world as it is, only as it is modeled. While unemployment has fallen precipitously, wages have barely nudged. Worse still, even when unemployment was low, incomes remained flat — for decades. Why? Because the bulk of new jobs replacing those being destroyed are low-wage, low-end, dead-end McJobs. That simple but vital issue of the quality, not just quantity, of jobs has been missing from the discussion of the “Caution!” position.

A Most Convenient Massacre (richcabot)

Note that after the Russian jet crashed in the Sinai there weren’t all that many Facebook avatars with the Russian flag pasted over them, and hardly any candlelight vigils or piles of wreaths and flowers in various Western capitals. I even detected a whiff of smug satisfaction that the Russians got their comeuppance for stepping out of line in Syria.

Tomgram: Rebecca Gordon, Corruption U.S.A. (richcabot)

Financially, Washington had invested sums in both countries that far exceeded the Marshall Plan, which so successfully put Western Europe back on its feet after World War II. Yet Iraq and Afghanistan were left on their knees amid a carnival of corruption and misspent taxpayer money. What made revisiting this spectacle so stunning wasn’t just the inability of the U.S. military, the Army Corps of Engineers, the U.S. Agency for International Development, and a crew of crony warrior corporations raking in the big bucks to do anything right, but that this was the United States of America. It was the country I — and I was hardly alone in this — had grown up thinking of as the globe’s master builder. In the 1950s and early 1960s, my childhood years, it seemed as if there was nothing Americans couldn’t build successfully from an unparalleled highway system to rockets that were moonward bound.

U.S. Failing To Harness Hydro Power Potential (Tom K.)

Fans of hydroelectric power talk about expanding its portion of the aggregate generation capacity in the U.S., but even for hydro-bulls, this is a very slow process that might see hydroelectric power double its share of generating capacity over the course of several decades. That growth trajectory pales in comparison to the level of growth in wind and solar (albeit off a much smaller base of installed capacity for the latter sources).

Gold & Silver

Click to read the PM Daily Market Commentary: 11/25/15

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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12 Comments

  • Fri, Nov 27, 2015 - 8:42pm

    #1

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    Repost Of Today's News

    Central bank pumps more money into market

    Xinhua – ‎4 hours ago‎
    BEIJING, Nov. 27 (Xinhua) — China's central bank offered six-month medium-term lending facility (MLF) loans to 11 financial institutions on Friday. The amount of the operation is 100 billion yuan (15.6 billion U.S. dollars) at an interest rate of 3.25

    China Stock Bulls Hit Breaking Point as State Dials Back Support

    Bloomberg5 hours ago
    … companies said they might not be able to make debt repayments — the slump … China's $5 trillion stock rout from mid-June through August was only halted …

    China Fishery Missed Loan Payment This Month, S&P Says

    Bloomberg7 hours ago
    The process of debt restructuring at China Fishery has become more challenging … campaign and seeks to assign blame for a $5 trillion stock-market plunge.

    UPDATE 1-Brazil central gov't posts record deficit for October

    Reuters19 hours ago
    The central government account, which covers federal ministries, the central bank and social security, had a deficit of 12.28 billion reais ($3.27 billion) in October …
     

    Draghi to the Rescue With Geopolitics Spiking as Fed Withdraws

    Bloomberg10 hours ago
    Whether investors do tune in more may ultimately depend on whether the extra monetary stimulus from Draghi's European Central Bank can numb the markets …
     

    Taiwan falls into recession in 3rd quarter

    MarketWatch4 hours ago
    The weakness in the economy could prompt more central bank action following a rate … "It looks increasingly likely that the central bank will cut rates again at its …

    Taiwan in Recession as China Slowdown Bites

    Wall Street Journal5 hours ago
    Taiwan in Recession as China Slowdown Bites. Revised data prompts government to lower growth estimates for the current year and for 2016. By. Paul Jackson.

     

    Japan inflation below zero for 3rd straight month

    MarketWatch8 hours ago
    The figures show the BOJ is in the same boat as central banks in the U.S., … Some economists have forecast that flatlining inflation may force the bank and some …
     

    Japan spending slumps even as unemployment hits 20-year low

    Reuters16 hours ago
    … BOJ to increase monetary stimulus in January, when continued declines in oil costs may force the central bank to cut its quarterly inflation forecasts yet again.

    Abe Orders Extra Japan Budget Providing Cash for Pensioners

    Bloomberg11 hours ago
    … at least 2012, when the main budget was augmented by an extra 3.1 trillion yen. … excluding interest on debt, by the fiscal year starting in April 2020, which is …

    Deepening fall in Thai Oct industrial output adds to

    Reuters10 hours ago
    This week, Bank of Thailand Deputy Governor Paiboon Kittisrikangwan said the central bank might cut its growth projections again from 2.7 percent for this year …
     

    UK Q3 economic growth slowdown confirmed

    RTE.ie6 hours ago
    Britain's economy slowed in the three months to September, official data confirmed today, as trade posed the biggest drag on quarterly growth on record against …

    Singapore c.bank warns of credit risks for banking

    Reuters9 hours ago
    It said sub-par growth in Asia could pressure profits and debt servicing capacity of … assets and debt – totalling S$1.5 trillion ($1.06 trillion) in the third quarter.

    Ontario projects next year's deficit will be $7.5 billion

    Waterloo Record – ‎15 hours ago‎
    The province's net debt is still projected to hit nearly $300 billion by March 31, 2016, though the current projection is now slightly lower than the estimate in the budget. Interest on debt is also now forecast to be $140 million below the estimate in

    Saudi money supply, loan data show economy slowing

    Reuters4 hours ago
    Facing a budget deficit of over $100 billion this year, Saudi finance officials have said they are trimming spending in some areas to economise, and the …

    Florida employers face 4.7% rise in health insurance costs

    Jacksonville Business Journal22 hours ago
    A study from Mercer Health & Benefits LLC shows that Florida employers are expecting to pay more for health care coverage in 2016. Specifically, 99 large and …

    Blue Cross cancellation sends consumers scrambling

    Chicago Tribune24 minutes ago
    Blue Cross took its PPO plan off the Illinois health insurance marketplace … The out-of-network costs in the Blue Choice plan are enormous, providers said.

     

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  • Fri, Nov 27, 2015 - 8:58pm

    #2

    Bankers Slave

    Status Silver Member (Offline)

    Joined: Jul 26 2012

    Posts: 513

    Just released on youtube. Incontrovertible!

    Target audience, serving firefighters, police and military.

    Please spread around.

     

    https://www.youtube.com/watch?v=y5UyynjxAyw#t=15

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  • Fri, Nov 27, 2015 - 11:12pm

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1613

    The more mood music and

    The more mood music and atmospheric camera work a documentary has, the more I feel I'm being manipulated. Is there an edited version that says anything less than ten years old ?

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  • Sun, Nov 29, 2015 - 10:41am

    Reply to #3

    Bankers Slave

    Status Silver Member (Offline)

    Joined: Jul 26 2012

    Posts: 513

    Chimney dweller, just for you!

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  • Sun, Nov 29, 2015 - 11:35pm

    #4
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1613

    No I think BBC stuff is

    No I think BBC stuff is crappy mush too. The only worthy conspiracy program that comes to mind from the BBC was their bit about Gladio. Not the final word on the subject, I would think, but pretty interesting.

     

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  • Mon, Nov 30, 2015 - 1:14am

    Reply to #4

    Wildlife Tracker

    Status Silver Member (Offline)

    Joined: Jan 14 2012

    Posts: 405

    Carbon

    I actually thought that BBC documentary was pretty good. I watched it this morning and it was as neutral as it gets. I really appreciated their footage of building six with the melted beams from nothing but fire. If the beams from building six melted, why not seven?

    I don't know enough about engineering to make a comfortable decision.  All I know is it was wayy too suspicious for the US government to not have at least have known about the event beforehand (but that is not provable)

    Anyways, if you have an hour, I would also recommend the BBC documentary. It was worth it for me.

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  • Mon, Nov 30, 2015 - 2:38am

    #5
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1613

    Probably seen it. They often

    Probably seen it. They often have stuff like that on, they're usually cringe inducing.

    "…at least have known about the event beforehand"

    Like this —

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  • Mon, Nov 30, 2015 - 4:00pm

    #6

    Wildlife Tracker

    Status Silver Member (Offline)

    Joined: Jan 14 2012

    Posts: 405

    BBC video

    haha fair enough. At 52:36 in the video there is a picture of a "melted" steel beam from building 6. Maybe weakened is a better word.

    Building 6 was located between buildings 1 and 7

    I guess it was possible for fires to melt steel that day? That does not look what I have watched thermite do.

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  • Mon, Nov 30, 2015 - 4:18pm

    #7
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1613

    Yeah it puts me off when the

    Yeah it puts me off when the first thing people say (and a lot of them do) is "but hydrocarbon fires can't melt steel" when I learned at school that steel was first made using hydrocarbons, and I've seen film of people melting steel with hydrocarbons all my life. Nice new sword, anyone ?

    Any more sophisticated discussion of the fire conditions of the thing soon loses me because I'm neither a fire expert or a metallurgist, or an explosives expert, or a pilot, or anything remotely relevant except for having a handful of science A-levels.

     

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  • Mon, Nov 30, 2015 - 4:49pm

    #8
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Joined: Oct 31 2017

    Posts: 1613

    ...not only that but people

    …not only that but people who ARE qualified in those things can't agree on what happened.

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  • Mon, Nov 30, 2015 - 5:07pm

    Reply to #8

    Wildlife Tracker

    Status Silver Member (Offline)

    Joined: Jan 14 2012

    Posts: 405

    Systems thinking

    haha and on top of that people are literally lying about certain details (ex. Israeli art students project). Too much BS to sift through. JimH mentioned in the other thread that sometimes the "big picture" approach to coming to a conclusion or opinion is the best method. That's all I can do. The reality is that I'm not smart enough for the details. I'm good at absorbing the information given to me information and thinking about how it fits from a birds-eye-view.

    As a result, my favorite subject in life is ecology. The concepts learned from ecology can be applied to everything.

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  • Mon, Nov 30, 2015 - 5:46pm

    #9
    Peak Prosperity Admin

    Peak Prosperity Admin

    Status Bronze Member (Offline)

    Joined: Oct 31 2017

    Posts: 1613

    Big UK parliamentary vote

    Big UK parliamentary vote coming up on Syria. Corbyn is letting the labour side vote as they want so it could go pro war. But he wants a two debate so it can't be pushed through on inadequate info. I think this is a positivve development and sign of learing from past mistakes.

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