Just a decade ago, Providence was one of Wall Street’s hottest firms. Mr. Nelson started it in 1989 and was later joined by Glenn M. Creamer and Paul J. Salem, all three graduates of Brown University and Harvard Business School. The firm reveled in its Rhode Island roots and “stealth mogul” status far from Wall Street and its brand-name rivals.
If everyone takes measures against deflation you get a mass migration to cash and government bonds, however, which are the assets that perform the best in a deflationary environment. Take a look at Japan: the yen had been on the rise for years up until the Japanese central bank took exceptionally aggressive monetary measures to fight the trend (at which they succeeded). Japanese investors historically also like its country’s government bonds, however, ever since deflation tormented the country in the ‘90s. At one point you got a 5% yield on a 10-year Japanese government bond, today you get 0.3% per year for the next 10 years.
What happens when this sort of software is embedded in your furance, for example? If you think this is a fantasy you’re wrong; this sort of software, protected by so-called “digital locks”, is showing up in everything. How long will it be before this is abused to lock you out of your own home or prevent you from heating it because of some alleged “violation” that the manufacturer conjures up, and how does that meet with the premise that you bought and paid for said object?
Comcast is still a huge gateway to consumers, one that streaming providers cannot ignore. Even without Time Warner Cable, Comcast already has a majority of the nation’s “broadband” subscribers, counting only those connections of at least 25Mbps downstream and 3Mbps upstream. The FCC changed the definition of broadband earlier this year, essentially cutting DSL off the list of technologies that can be considered advanced telecommunications.
War For Hire (jdargis)
As conflict escalated, the ranks of the U.S. military contingent became populated by many combatants motivated more by profit than by patriotism: servants not of the American people, but of a host of private military companies contracted to the US Department of Defence.
Their duties—and even the length of time they spent in the field—were determined not necessarily by any ideological agreement with America’s mission, but by commercial considerations.
The data paints a clear picture of the current and future consequences of the continued increase in oil and gas activity. Most land-use decision making is too focused to result in a truly comprehensive assessment of ecological trade-offs and economic benefit. It is now more important than ever that key decision-makers and scientists team up to ensure the most accurate information is used to shape the policies dealing with delicate water/energy/food balances.
The order applies only to those who obtained water licenses after 1914, holding so-called junior water rights. The Modesto, Turlock, Oakdale and South San Joaquin irrigation districts enjoy pre-1914 rights, but such senior right-holders were warned that they are likely to face cutbacks in California’s fourth year of drought as well, the board’s letter warned.
Rethinking extinction (jdargis)
The range of dates in that statement reflects profound uncertainty about the current rate of extinction. Estimates vary a hundred-fold – from 0.01 per cent to 1 per cent of species being lost per decade. The phrase ‘all currently threatened species’ comes from the indispensable IUCN (International Union for Conservation of Nature), which maintains the Red List of endangered species. Its most recent report shows that of the 1.5 million identified species, and 76,199 studied by IUCN scientists, some 23,214 are deemed threatened with extinction. So, if all of those went extinct in the next few centuries, and the rate of extinction that killed them kept right on for hundreds or thousands of years more, then we might be at the beginning of a human-caused Sixth Mass Extinction.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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