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    Daily Digest 4/1 – The Growing Wealth Divide, Is Gasoline Demand On The Rise?

    by DailyDigest

    Saturday, April 1, 2017, 3:25 PM


The growing divide between the haves and the have-nots, in one stunning chart (lambertad)

“It’s a tale of two countries,” the authors wrote. “For the 117 million U.S. adults in the bottom half of the income distribution, growth has been nonexistent for a generation, while at the top of the ladder it has been extraordinarily strong.”

And it’s not due to the aging population. Rather, income has actually dropped for the working class. In fact, none of the growth from 1980 to 2014 went to the bottom 50%, the study pointed out. Only 32% went to the middle class, while the top 10% reaped 68% of the growth. A full 36% went to the 1% alone. Troubling?

Japan’s BTMU plans international fund transfers via blockchain in 2018 (Mots)

U.S. startup Ripple will provide blockchain technology. Joining BTMU are Bank of America Merrill Lynch, Standard Chartered Bank of the U.K., Royal Bank of Scotland, Spain’s Banco Santander, Canadian Imperial Bank of Commerce and Australia’s Westpac Banking. About 90 banks in all could participate in the new service, according to Ripple.

All the President’s Millionaires: Trump Aides Unveil Assets (jdargis)

Reports made available via the White House website detailed some of the sprawling real estate holdings of the family of Jared Kushner, Trump’s son-in-law and senior adviser, and at least $254 million in assets belonging to Gary Cohn, the former Goldman Sachs Group Inc. president who’s now Trump’s top economic adviser.

Famed Hacker Kevin Mitnick Shows You How to Go Invisible Online (jdargis)

The most popular method of email encryption is PGP, which stands for “Pretty Good Privacy.” It is not free. It is a product of the Symantec Corporation. But its creator, Phil Zimmermann, also authored an open-source version, OpenPGP, which is free. And a third option, GPG (GNU Privacy Guard), created by Werner Koch, is also free. The good news is that all three are interoperational. That means that no matter which version of PGP you use, the basic functions are the same.

What Is An Elite College Really Worth? (jdargis)

There are two important things to say about this stress. First, to put the anxiety into context, the kids applying to these schools are already doing quite well. Seventy percent of 29-year-olds don’t have a bachelor’s degree, and the majority of BAs are earned at non-selective schools that accept a majority of their applicants. Many of the people applying to selective colleges have already won life’s lottery.

Trump signs order undoing Obama climate change policies (jdargis)

It says the president will be “moving forward on energy production in the US”.

“The previous administration devalued workers with their policies. We can protect the environment while providing people with work.”

Is Gasoline Demand On The Rise? (Michael K.)

According to numbers compiled by Bloomberg, U .S. gasoline demand is down from 2016 and consumption has fallen by 1.7 percent from last year, when prices cratered in January-February 2016 and gasoline could be had for $1.70 per gallon. Today gasoline prices are up in every US region according to the EIA by 20-30 percent, with diesel up as much as 50 percent. The average price of gas is now $2.29 per gallon, according to AAA.

Gold & Silver

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