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    Daily Digest 12/26 – A Cash-Free Sweden On The Way, What Is The Value Of A Diploma?

    by DailyDigest

    Saturday, December 26, 2015, 6:25 PM


Why America Is Moving Left (jdargis)

Anyone familiar with American history can hear the echoes. The phrase by any means necessary was popularized by Malcolm X in a June 1964 speech in Upper Manhattan. In the wake of Martin Luther King Jr.’s assassination in April 1968, Baltimore burned, as many cities did amid the racial violence that broke out every spring and summer from 1964 to 1969. In November 1969, in a speech from the Oval Office, Richard Nixon uttered the phrase silent majority. It soon became shorthand for those white Americans who, shaken by crime and appalled by radicalism, turned against the Democratic Party in the ’60s and ’70s. For Americans with an ear for historical parallels, the return of that era’s phrases and images suggests that a powerful conservative backlash is headed our way.

In Sweden, a Cash-Free Future Nears (jdargis)

Not everyone is cheering. Sweden’s embrace of electronic payments has alarmed consumer organizations and critics who warn of a rising threat to privacy and increased vulnerability to sophisticated Internet crimes. Last year, the number of electronic fraud cases surged to 140,000, more than double the amount a decade ago, according to Sweden’s Ministry of Justice.

Even for the active, a long sit shortens life and erodes health (LesPhelps)

Those who engage in regular physical activity but still spend a large proportion of their day in sedentary activity were found, on average, to be 30% less likely to die of any cause in a given period than were those who get little to no exercise. But even those who punctuate a long day of sitting with a vigorous workout were estimated to be 16% more likely to die of any cause in a given time than were those who do not sit for long.

On The 19th Day Of Christmas… (pinecarr)

Politically, the Ukrainian government is a total farce. Much of it has been turned over to fly-by-night foreigners, such as the former Georgian president Saakashvili, who is a wanted criminal in his own country, which has recently stripped him of his citizenship. The parliament is stocked with criminals who bought their seat to gain immunity from prosecution, and who spend their time brawling with each other. Prime Minister Yatsenyuk was recently hauled off the podium by his crotch; how dignified is that? He seemed unfazed. Where are his testicles? Perhaps Victoria Nuland over at the US State Dept. is keeping them in a jar. This sort of action may be fun to watch on Youtube, but the reality is quite sad: those who “run” the Ukraine (if the term still applies) are only interested in one thing: stealing whatever is left.

Congress’s $1.15 Trillion Spending Bill: Heads They Win, Tails You Lose (pinecarr)

Last year’s mandatory entitlements totaled $2.45 trillion. And given the thousands of people who become Social Security recipients every day, that number will increase this year.

Last but not least is that wee little problem of the national debt, now closing in on $19 trillion.

China says AIIB up and running early in the new year (pinecarr)

First proposed by President Xi Jinping less than two years ago, the bank has become one of China’s biggest foreign policy successes. Despite the opposition of Washington, major U.S. allies such as Australia, Britain, Germany, Italy, the Philippines and South Korea have joined.

As Graduation Rates Rise, Experts Fear Diplomas Come Up Short (jdargis)

It is a pattern repeated in other school districts across the state and country — urban, suburban and rural — where the number of students earning high school diplomas has risen to historic peaks yet measures of academic readiness for college or jobs are much lower. This has led educators to question the real value of a high school diploma and whether graduation requirements are too easy.

As Oil Money Melts, Alaska Mulls First Income Tax in 35 Years (jdargis)

Many Alaskans are not old enough to recall times this bad. This is the nation’s least-taxed state, where oil royalties and energy taxes once paid for 90 percent of state functions. Oil money was so plentiful that residents received annual dividend checks from a state savings fund that could total more than $8,000 for a family of four — arriving each autumn, as predictable as the first snowfall.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/25/15

Provided daily by the Peak Prosperity Gold & Silver Group

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