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    Daily Digest 11/3 – Artisinal Energy, Retailers Retooling For Holiday Season

    by DailyDigest

    Monday, November 3, 2014, 4:31 PM

Economy

For Whom Are the Japanese Leaders Kuroda and Abe Making Their Monetary and Fiscal Policy? (Adam)

It makes me wonder if the policy being pursued by the BOJ is not designed to help the people of Japan now, so much as to support the requests of the international banking concerns, more specifically the US Federal Reserve.

This made me wonder if Kuroda is pursuing the same type of trickle down stimulus in buying large amounts of financial paper by printing money, rather than engaging in policy actions to stimulate aggregate demand.

Statoil’s Sverdrup development could cost up to $32.5bn (Alan W.)

Statoil, like is peers around the globe, has been cutting capital spending this year to save on costs, but has given priority to Sverdrup as its cash-flow break even level is estimated to be less than $40 per barrel of oil, providing ample returns even if oil prices stay low.

“This will be a gigantic project that will secure energy supply and jobs and result in substantial spin-offs and value for Norwegian society, the industry and the partnership behind the development,” Arne Sigve Nylund, Statoil’s Norwegian production chief, said in a statement.

In States Voting on Minimum Wage, Even Critics Sound Like Supporters (jdargis)

“These groups have noticed that minimum-wage increases can easily pass — they have seen this in the past few years,” said John G. Matsusaka, executive director of the Initiative and Referendum Institute at the University of Southern California. “They can’t get it through the legislatures in these red states, so they do it this way.”

Everything you think you know about the news is probably wrong (jdargis)

And here’s how each country stacked up on the individual issues. In the charts below, the “Guess” column represents the average of answers given by those polled. The “Difference” column represents the number of percentage points by which people missed the mark, on average. The “Actual Value” column is the actual statistic for each country.

Stung Last Year, Retailers and Shippers Retool for the Holiday Season (jdargis)

U.P.S. expects to ship 585 million packages in December, 11 percent more than last year, when it shipped 31 million parcels on Dec. 23. This year, the carrier, which ships an average of 17 million packages a day, is preparing to send 34 million pieces of mail on Dec. 22, according to a spokeswoman, Susan Rosenberg.

“We started talking to our customers much earlier this year, and we were planning together with them for their volume forecasting,” she said.

How Global Fossil Fuel Dependence Hasn`t Changed In 20 Years (Evan K.)

Whilst enjoying the good natured exchanges on this blog concerning the pros and cons of new renewable energy sources I decided to dig deeper into the success of Green energy policies to date. Roger Andrews produced this chart the other day and the low carbon energy trends caught my eye. It is important to recall that well over $1,700,000,000,000 ($1.7 trillion) has been spent on installing wind and solar devices in recent years with the sole objective of reducing global CO2 emissions. It transpires that since 1995 low carbon energy sources (nuclear, hydro and other renewables) share of global energy consumption has not changed at all.

Germany’s Revolution in Small Batch, Artisanal Energy (Jdargis)

“It’s a complex work of art,” says van Bergen about Stadtwerke Schwäbisch Hall’s daily managing of the county’s energy supply. “Local utilities and citizen-owned energy sources are just the right fit for Germany’s Energiewende,” he says, referring to the German term for the country’s coordinated transition to clean energy. One of the crucial take-aways from Schwäbisch Hall — and Germany’s renewable energy revolution — is that small can be big, and become much bigger quickly.

Effects of climate change ‘irreversible,’ U.N. panel warns in report (jdargis)

The report said some impacts of climate change will “continue for centuries,” even if all emissions from fossil-fuel burning were to stop. The question facing governments is whether they can act to slow warming to a pace at which humans and natural ecosystems can adapt, or risk “abrupt and irreversible changes” as the atmosphere and oceans absorb ever-greater amounts of thermal energy within a blanket of heat-trapping gases, according to scientists who contributed to the report.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/31/14

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