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    Daily Digest 4/20 – Dollar Dominance Under Multiple Threats, Wild Bee Species Critical To Pollination In Decline

    by DailyDigest

    Saturday, April 20, 2019, 2:56 PM

Economy

Opinion: Even 75% of Americans in the best 401(k) plans won’t have enough to retire (Adam)

Ravina explained that she and the other researchers boiled the sample down to a still-huge 300,000-plus people, then ran multiple simulations based on various real-world events (like job loss and early withdrawals from 401(k) plans) that could affect retirement savings. Their benchmark: Would retirees have enough, along with their Social Security and Medicare benefits, to fund 80% of their pre-retirement income plus retiree medical expenses, which Fidelity estimates at $285,000 per couple?

Dollar Dominance Under Multiple, Converging Threats (thc0655)

Russia has sold off almost all of its dollar-denominated U.S. Treasury securities and has reduced its dollar asset position to almost zero. It has been amassing massive quantities of gold, and has increased the gold portion of its official reserves to over 20%. Russia has almost 2,000 tonnes of gold, having more than tripled its gold reserves in the past 10 years. It has actually acquired enough gold to surpass China on the list of major holders of gold as official reserves.

The World Economy Is A Pyramid Scheme, Steven Chu Says (Adam)

For example, healthy young workers pay the health care costs for aging workers and retirees, the former energy secretary said, a scheme that requires increasing numbers of young workers. And economic growth requires more and more people to buy more and more stuff, with dire environmental consequences.

Pinterest plans to raise $1.5B US in IPO (Tom L.)

While Lyft has bounced back from a sell-off that dropped its shares well below its initial offering price, they remain below the heights reached in the flurry of first-day trading.

Uber, Lyft’s rival, the messaging app Slack and the video conferencing company Zoom are expected to make their debut soon.

US bitcoin trader and girlfriend could face death penalty over Thai ‘seastead’ (Adam)

“Nadia and I are still safe,” Elwartowski wrote on Facebook on Tuesday, adding he was unsure whether their home had been destroyed. “Whether it is still there or not does not matter much to me. I’m more concerned about Nadia being driven from her home country and her family. Her son is worried. I hope they can be reunited some day soon.”

Ebola worker shot dead at hospital in eastern DR Congo (thc0655)

“I and all of WHO are deeply saddened by the loss of our colleague and brother Dr Mouzoko,” WHO chief Tedros Adhanom Ghebreyesus said in a statement.

“He put himself on the frontline to save lives in the Democratic Republic of the Congo,” he said, adding that “We grieve with his family and friends at this very difficult time.”

Are you protected from measles? It may depend on when you were born (Sparky1)

Adding to the uncertainty, some adults simply don’t know their vaccination status or have long lost their documentation, Cullen said. The history of the measles vaccine has also prompted questions about how people of different ages have been vaccinated: Not only has the recommended number of doses changed over the years, but so has the vaccine itself.

Claims of Shoddy Production Draw Scrutiny to a Second Boeing Jet (jdargis)

Safety lapses at the North Charleston plant have drawn the scrutiny of airlines and regulators. Qatar Airways stopped accepting planes from the factory after manufacturing mishaps damaged jets and delayed deliveries. Workers have filed nearly a dozen whistle-blower claims and safety complaints with federal regulators, describing issues like defective manufacturing, debris left on planes and pressure to not report violations. Others have sued Boeing, saying they were retaliated against for flagging manufacturing mistakes.

We Asked the 2020 Democrats About Climate Change (Yes, All of Them). Here Are Their Ideas. (tmn)

After years of hovering toward the bottom of voters’ concerns, climate change is having something of a moment. A poll conducted by environmental groups in early primary states found that 84 percent of likely Democratic voters ranked acting on climate change and moving the United States fully to clean energy as essential or very important.

Wild bee species critical to pollination on the decline (LesPhelps)

“We know that wild bees are greatly at risk and not doing well worldwide,” Rehan, assistant professor of biological sciences and the senior author on the study, said in a prepared statement. “This status assessment of wild bees shines a light on the exact species in decline, beside the well-documented bumble bees. Because these species are major players in crop pollination, it raises concerns about compromising the production of key crops and the food supply in general.”

Gold & Silver

Click to read the PM Daily Market Commentary: 4/18/19

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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