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    Daily Digest 4/11 – Oil Rallies As OPEC Production Falls, What 'Natural' Meat Really Means

    by DailyDigest

    Thursday, April 11, 2019, 7:11 AM

Economy

‘Retail apocalypse’ now: Analysts say 75,000 more U.S. stores could be doomed. (Thomas R.)

Already this year, retailers have announced plans to close thousands of stores as they keep up with changing consumer habits. Payless ShoeSource, which filed for Chapter 11 bankruptcy protection in February, is closing all 2,100 of its U.S. stores, while Gymboree is shuttering its 800 locations. Sears, which has closed 1,300 Kmart and Sears stores since 2013, is scrapping an additional 80 locations. A number of other retailers, including Gap, have hinted that store closures are on the horizon.

In India, Voting Begins in Elections Unmatched in Size and Scope (TS)

The race is a referendum on Narendra Modi, the powerful prime minister who is up for re-election. One of the most polarizing figures India has produced in decades, Mr. Modi has championed an assertive brand of Hindu nationalist politics that strives to elevate India’s Hindu identity but has sharply divided this country.

New York declares measles emergency, blasts misinformation fueling outbreak (Sparky1)

The United States declared measles eliminated from the country in 2000 thanks to widespread vaccination, meaning it is no longer constantly present. But vaccination rates have declined in recent years, according to infectious disease experts.

The Brooklyn outbreak has been traced to an unvaccinated child who became infected on a visit to Israel, which is also grappling with an outbreak, according to New York City’s Department of Health.

Trick or treat? EU, UK agree to delay Brexit until Halloween (TS)

May spoke to the 27 EU leaders for just over an hour, before they met for dinner without her to decide Britain’s fate. In contrast to some testy recent summits, there were signs of warmth, even humor. May and German Chancellor Angela Merkel were filmed laughing over a tablet bearing an image showing the two of them speaking to their respective Parliaments on Wednesday while wearing similar blue jackets.

State lawmakers propose fingerprinting, more background checks on gun purchases after Aurora warehouse shooting (Sparky1)

The legislation would require applicants for a gun license to apply in-person with the state police and submit fingerprints as part of their application. If a person whose firearm owner ID card has been revoked fails to turn over their guns to local law enforcement and complete the required paperwork, the proposal would require the state police to seek a search warrant to retrieve the weapons.

America’s Sovereign States: The Obscure History of How 10 Independent States Joined the U.S. (Alex)

Their constitution was primarily concerned with securing independence from the State of New York. Indeed, the state was known as “the Reluctant Republic” because they wanted admission to the Union separate from New York, Connecticut and New Hampshire – not a republic fully independent of the new United States. The genesis of the issue lay with the Crown deciding that New Hampshire could not grant land in Vermont, declaring that it belonged to New York. New York maintained this position into the early years of the United States, putting Vermont in the position of trying to chart a course of independence between two major powers.

Teach for a day, get a pension for life: Another reason to fix Illinois’ constitution (thc0655)

A pension bill signed by former Gov. Rod Blagojevich in 2007 allowed Piccioli to retroactively count his years lobbying toward a teacher pension if he taught for one day in the public schools. He bought service credits for his years lobbying and began collecting a pension when he retired from the IFT in 2012.

How Ecuador lost patience with houseguest Julian Assange (tmn)

With the Swedes determined to extradite him, however, and a US grand jury hearing into WikiLeaks already underway, the Australian resolved to stay put. High-profile visitors came and went – Vivienne Westwood, Lady Gaga and the footballer Eric Cantona among them – and a small group of supporters maintained a periodic vigil outside. But still Assange remained.

A final note on cybernetics (Jesper A.)

Greek culture is often portrayed as terse, and to the point, scientific through-and-through. It may be terse in fact, but it is not all science or all rational to be sure. To my mind the trick is to see how Greek culture is BOTH at the same time — this makes Spengler in some sense correct; he sees Greek culture as the creative phase (he refers to it as culture) and Roman culture as a case of terminal decline (he calls this phase civilisation) — his dichotomy is not all-wrong but it is wrong-footed. Still my idea is merely an elaboration of this argument.

Aramco: Here’s everything you need to know about the world’s most profitable company’s debut bond (Thomas R.)

Investors piled in to the world’s most profitable company after it opened its accounts to the world for the first time ahead of the deal. The bonds were well received and exceeded initial expectations, with the yield coming in 20 basis points (a basis point is one-hundredth of a percent) lower than expected and lower even than Saudi Arabia’s own bond deal from January, according to someone familiar with the deal.

Oil Rallies As OPEC Production Falls (Thomas R.)

I think Kuwait is at, or very near, peak production except for their share of the neutral zone. That is shared 50/50 with Saudi Arabia. Their share would be about half a million barrels per day. It is shut down because of a political disagreement between the two countries.

The Maple Syrup Cartel (Thomas R.)

More than 70% of the world’s maple syrup comes from Canada, and mostly from Quebec. But producing maple syrup can be volatile based on the weather. So Canada’s government set up production quotas and a reserve, both of which help Canada control the price of maple syrup.

Most schools aren’t testing for lead in drinking water. How safe is it for your kids? (TPD)

In 2018, a worst-case scenario was exposed at Detroit Community Public Schools — the testing was voluntary, had the district not made the move to test water inside their schools children would have continued to drink the water. Instead, drinking fountains were shutoff and water stations were moved into the school.

Lead poisoning rates rise in U.S. after CDC lowers blood cutoff (TPD)

Often, children who get lead poisoning live in old homes that are dilapidated or under renovation. They pick up paint chips or dust and put it in their mouth. Other sources include soil contaminated by old leaded gasoline, dust from industrial worksites and tainted drinking water.

Hormel Lawsuit Reveals What ‘Natural’ Meat Really Means (Thomas R.)

On April 8, the Superior Court of the District of Columbia—a jurisdiction with stringent consumer protection laws—dismissed a lawsuit by the Animal Legal Defense Fund (ALDF) alleging Hormel was misleading consumers. The court held that as long as manufacturer labels are approved by the USDA, the advertising can use the “natural” claims. “[I]f a producer can accurately use a term in a label,” the court wrote, “the producer should be able to use the same term in its advertising.”

Gold & Silver

Click to read the PM Daily Market Commentary: 4/10/19

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the “3 Es.”

 

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6 Comments

  • Thu, Apr 11, 2019 - 7:54am

    #1

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2953

    Reort: Every American taxpayer would owe almost $700000 to pay

    Report: Every American taxpayer would owe almost $700000 to pay …

    Watchdog.org-3 hours ago
    “Our elected officials have made repeated financial decisions that have left the federal government with a debt burden of $105 trillion, including unfunded Social …
     

    IMF warns governments to get debt under control before the next …

    MarketWatch-Apr 10, 2019
    Public debt ratios are now “significantly higher” than before the global financial … Total public and private debt totaled $184 trillion or 225% of global GDP at the …
     

    US deficit soars to $691 billion, expected to top $1 trillion this year

    The Hill-19 hours ago
    US deficit soars to $691 billion, expected to top $1 trillion this year … Payments on the debt’s interest alone had reached $190 billion in the first half of 2019, …

    IMF fears Italian debt spiral, and Macron is making it even more …

    Telegraph.co.uk-19 hours ago
    “Other European countries are preparing for Italy’s default,” said Mr Codogno. Anybody hoping to understand what lies ahead in Euroland should read his …

     

     

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  • Thu, Apr 11, 2019 - 11:37am

    #2
    Nate

    Nate

    Status Silver Member (Offline)

    Joined: May 05 2009

    Posts: 321

    energy flow chart


     
    https://flowcharts.llnl.gov/content/assets/images/charts/Energy/Energy_2018_United-States.png
     

     

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  • Fri, Apr 12, 2019 - 4:48am

    #3

    Chris Martenson

    Status Platinum Member (Offline)

    Joined: Jun 07 2007

    Posts: 4637

    Bomb Cyclone

    The bomb cyclone in the midwest is really an amazing and very rare weather phenomenon.
    Oh, and it’s the second one in a month.
    This wind map of the US is current (~20 min lag) and a thing to behold.  Check it out, very much worth your time.
    http://hint.fm/wind/
    The cyclone’s low is drawing in wind from over a thousand miles away (air is being drawn in from off of the Georgia coast!).  It’s a “land hurricane” and that’s…the new normal I guess.
    Here’s a static shot:

    But, in other news, thank god that the central banks have once again ridden to the rescue and crammed stock futures higher last night. 
    Otherwise people might have woken up to the fact that something is really not right.  Better to have everyone believe that all is well (“Look! The S&P is higher again!!”) so that they will take out more money and buy more disposible stuff.
    This way, the majority can avoid any difficult insights that might lead to lower corporate profits or force politicians to make any difficult choices.
    So much better to sleep into the coming disaster…which has already unfolded if you are a farmer in the midwest…but don’t worry.  Very few MSM articles will be written about that.  
     

     

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  • Fri, Apr 12, 2019 - 6:18am

    #4

    Snydeman

    Status Member (Offline)

    Joined: Feb 06 2013

    Posts: 505

    Wow...

    It almost looks like those storms from “The Day After Tomorrow,” or whatever that disaster flick was called.
    I’m still waiting for meterologotists to acknowledge that you can’t call something “once in a generation” if it happens a second time in the same short time frame…

     

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  • Fri, Apr 12, 2019 - 7:31am

    #5
    psebby

    psebby

    Status Member (Offline)

    Joined: Jul 04 2009

    Posts: 2

    Near-hurricane winds in Minnesota

    Yeah, in St. Paul Minnesota (not far from where I live), they recorded 66 mph winds yesterday due to the strong low pressure with this storm; our meteorologist said that is just 8 mph below hurricane strength!  We also got 6 or 8 inches of heavy wet snow.
    Climate weirdness is everywhere, not just an issue for the coasts with sea level rising. 
    Still waiting for spring.

     

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  • Fri, Apr 12, 2019 - 10:19am

    #6

    Grover

    Status Gold Member (Offline)

    Joined: Feb 15 2011

    Posts: 691

    Stratospheric Polar Vortices

    The northern polar vortex is unusually strong for this time of year. It generally diminishes rapidly shortly after the vernal equinox (~March 21) but not this year. There are stratospheric high pressure systems over the Bering Sea and the North Atlantic Ocean and a low pressure system over northern Hudson Bay. These pressure systems steer the unusually strong upper winds toward the Great Lakes region. The stratospheric pressure systems have been unusually persistent this year, particularly since early February. Normally, they meander around and cause wobbles in the vortex. When coupled with an unusually strong jet stream, we get the “bomb cyclones.”
    Ben Davidson at http://www.Suspicious0bservers.org (note that the 0 is a zero) puts out a daily video chronicling solar activity, space weather, earth weather, earthquakes, volcanoes, and other interesting related scientific phenomena. He provides links under his videos on his Youtube channel. His videos are usually 4-6 minutes long. Today’s video is 5:45. At 4:31 is a few seconds of stratospheric polar vortices.

    Grover

     

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