Financial Stability (Thomas C.)
Citigroup chief economist Willem Buiter: “Monetary policy works with asset prices. By boosting equities, raising bond prices, weakening the currency and that’s exactly how it has happened. Not very effectively, because we have poor man’s monetary policy. Which is what unconventional monetary policy is. But it’s all we have. I would have preferred to see some additional measures on the fiscal side, which could have mitigated some of the income distributional consequences…”
Syria is not known as an oil-producing nation. True. That is not the threat to the US. What is a threat is the strategic location of a Syrian port used as an integral part for sending Russian natural gas to Europe. A successful pipeline that is not run by the US is a huge concern, especially because the natural gas coming from Russia will not use the petrodollar. Without the petrodollar standard, the US cannot export its inflationary fiat to the rest of the world.
The fare dodger exploited this loophole. There are no ticket barriers at Stonegate station so the fare-dodger jumped on a train which ended up in London Bridge. From there he crossed over to service that took him to Cannon Street and exited this station by tapping out, incurring the £7.20 charge.
A spokesperson for Southeastern, the train company running the service from Stonegate, told CNBC that it believed the man had been doing the scam for five years, since 2008 until the end of last year.
No direct price tag was attached to that scenario, but Edenhofer said it would require “substantial investments,” and more delays just drive up the expected cost. The impact could amount to shaving the projected average growth of the global economy by six-hundredths of a percentage point — from about 2% per year to 1.94% — over the coming century. The total global economy was about $72 trillion in 2012, according to World Bank figures.
“We are clearly arguing that achieving these goals is a huge technological and institutional challenge. We are not saying this is a free lunch,” Edenhofer told reporters from Berlin, where the final document was approved over the weekend.
Various studies show that the earth has already warmed by about 0.8 degree Celsius since 1900. In 2010, about 200 governments agreed to reduce emissions to ensure that global temperatures didn’t rise by more than two degrees Celsius above preindustrial levels.
What’s the mechanism behind this? The scientists looked at the charge distribution on the sides of the droplet when it was sitting still on graphene, as well as when it was moving. When the droplet was static, the charge redistributed symmetrically on both sides, leaving a net potential difference of zero between them.
Frontcountry: The New Wild West (jdargis)
Between 2006 and 2013, photographer Lucas Foglia traveled throughout rural Idaho, Montana, Nevada, New Mexico, Texas, and Wyoming.
His new book Frontcountry, from Nazarelli Press, finds people living in a boom cycle as a result of mining, one that’s producing a new modern take on the Wild West.
Economic development in the Eurozone is gaining ground, though any recovery there will be tepid. With North America relying less on foreign imports, energy investors should be following shifting demand dynamics to Asian economies. U.S. and European policymakers have been focused on energy security in the Eurozone as Russian energy company Gazprom rattles its sabers at a Ukrainian government tilting strongly toward the European Union.
Gold & Silver
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."