Life As A Service (mobius)
While there’s nothing inherently wrong with private ownership–and for many items it makes a ton of sense (even Sammy the serf had his own spoon)–the explosion of private ownership has had some pretty nasty consequences: 1. It sucks for the planet. It’s estimated that Americans, the kings of private consumption, consume over four earths’ worth of natural resources. And the rest of world is trying to keep up with us. China, as of a few years ago, was using 1.1 times the planet’s resources. These are extra planets we don’t have. 2. The profusion of private ownership is overwhelming owners. There was no equivalent for the Container Store in the 12th century countryside. You had your two frocks and a pot you shared with your family. Life might have been difficult and laborious, but it was simple.
The worst power outage in 15 years struck most of Turkey, grounding flights and crippling rail networks. The government scrambled efforts to investigate the power cut, before energy was partially restored in the afternoon.
The outage was confirmed in some 23 provinces, including Ankara and Istanbul, by news agency Anadolu. Later information from Broadcaster NTV put the number at 40.
His 1,200-word post gave Bernanke a platform to continue the efforts he began as Fed chairman to justify the low-rate policies the Fed pursued under his leadership. The Fed cut its key short-term rate to a record low near zero in 2008 and has kept it there since. Supporters say those rates have helped rejuvenate the economy. Critics counter that they have raised the risk of high inflation and are distorting financial markets.
The Anthropocene Myth (jdargis)
The important thing to note here is the logical structure of the Anthropocene narrative: some universal trait of the species must be driving the geological epoch that is its own, or else it would be a matter of some subset of the species. But the story of human nature can come in many forms, both in the Anthropocene genre and in other parts of climate change discourse.
Charted: Why the iron ore price keeps falling (Arthur Robey)
China overnight has moved to boost its housing sector by cutting the minimum down payment for a second home to 40 per cent from 60 per cent. Authorities also plan to introduce a policy in which individuals selling an ordinary house would be exempt from business taxes if they had owned it for more than two years, from a previous five years.
“You have this really perverse situation where they keep producing,” James Stevenson, director of North American thermal coal at IHS Inc. in Houston, said in a telephone interview. “You’re just shoveling coal into this market that’s oversupplied.”
A Goldcorp slide show last year revealed a gold-mining-industry forecast that 2015 would be the year that production would peak in the mining industry, according to a piece in ZeroHedge, dated Friday.
“Peak gold is not a new concept at all,” said Peter Grant, an analyst at precious-metals dealer USAGOLD. “Mining output has been fairly flat for years, but new discoveries of gold have been falling rapidly.”
The rare earths market has been dominated by China in recent years, but the reemergence of molten salt reactors in the nuclear sector could bring that to an end.
Gold & Silver
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