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    Daily Digest 2/26 – Despair In Venezuela, NK Open To Talks With US

    by DailyDigest

    Monday, February 26, 2018, 2:34 PM


China’s Xinjiang surveillance is the dystopian future nobody wants (blackeagle)

Xinjiang is the home to the Uyghurs, a Turkic people who mostly follow Islam and have a distinct culture and language. Not surprisingly, the region has a tenuous relationship with Beijing, which is more than 1,400 miles away. Protests, riots and even terrorist attacks have been connected to the Uyghur struggle, which gives cover to Chinese authorities to implement the harshest strategies there.

China paves way for Xi Jinping to remain leader for years (TS)

Hu Xingdou, a Beijing-based political commentator, said while Xi might need an extra five-year term or two to carry out his plans, the country is unlikely to return to an era of lifetime tenure for heads of state.

“President Xi may be in a leading position for a relatively long time,” Hu said. “This is beneficial to pushing forward reforms and the fight against corruption, but it’s impossible for China to have lifetime tenure again.”

North Korea Open To Talks With U.S., Says South Korea (TS)

Trump’s message delivered at the Conservative Political Action Conference Friday was not centered on talks with Pyongyang. Instead, he said if sanctions don’t work, “we’ll have to go to phase 2,” although he didn’t spell out what phase 2 would be, he added, “Phase 2 may be a very rough thing — may be very, very unfortunate for the world.”

“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission (pinecarr)

In a brief discussion wondering what municipalities and states will do when local tax revenues decline and unemployment worsens, Hunt said “we’re worried about those pension obligations.”

He is hardly alone: having reported over and over and over (and over, and over) again that public pensions are in deep trouble, two days ago none other than Steve Westly, former California controller and Calpers board member – manager of the largest public pension fund in the US, made a stunning admission, confirming everything…

Saturday Recap and Update for Gold Silver TA Chatroom (DG)

And notably, the NYSE index, fell farther after hitting the ceiling, and recovered less. Now lets look at the S & P 1500, which has got a lot of better attention than the rest.

Do now here is the best approximation i can get on the S&P 1500 Summation index, using volume as a proxy.

Investors’ Zeal to Buy Stocks With Debt Leaves Markets Vulnerable (subscription required, Adam)

Investors have borrowed a record $642.8 billion against their portfolios as they try to pocket bigger gains by ramping up their exposure to stocks

Despair In Venezuela: “We Are Dying Of Hunger In The Oil Industry” (Michael K.)

And for many of the remaining oil workers and those who have resigned, food is now much more important than employment, especially at facilities endangering their lives because lack of maintenance has made operations riskier. Due to malnutrition, oil workers are unable to adequately respond to emergencies, and some collapse on the job. Many have not eaten meat in months, and most have lost weight.

$40 million later, a pioneering plan to boost wild fish stocks shows little success (jdargis)

It turns out that if you’re going to enhance stocks using a hatchery, species matters, and white seabass may not have been the best starting point. The hatchery-grown seabass suffered from high mortality rates within the first few months of being released into the wild. Even with tiny tags embedded in their heads, tracking them in the open ocean proved difficult. Of the more than 2 million fish that have been released since the program’s start, only 199 adults and just over 1,770 juvenile white seabass have been recaptured as of 2016.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/23/18

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