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    Daily Digest 4/25 – Walmart Quietly Closing Stores, Student Loan Debt In 5 Charts

    by DailyDigest

    Thursday, April 25, 2019, 12:00 PM

Economy

Walmart is quietly closing stores — here's the full list (newsbuoy)

The stores include Walmart Supercenters in Lafayette, Louisiana, and Dallas, Texas, and Walmart Neighborhood Market stores in Arizona, California, Kansas, South Carolina, Tennessee, Virginia, and Washington.

The closing date for most of the affected stores is April 19, according to employees of those stores, who confirmed the closings to Business Insider.

These five charts show how bad the student loan debt situation is (Adam)

One in five adult Americans carry student loan debt. The issue returned to the headlines this week, when Democratic presidential candidate Sen. Elizabeth Warren of Massachusetts proposed canceling this debt for more than 40 million Americans. Here's a look at the landscape.

Magic Money Tree Economics (GE Christenson)

MMT—Modern Monetary Theory—supporters claim that “printing” dollars enables huge expenditures and makes excessive debt irrelevant.

MMT might be nonsense, but so are most of the current central bank policies and practices. If central banking and economic policies were sensible and effective, how did the United States (and world) sink into such a deep financial hole?

World's first malaria vaccine to go to 360,000 African children (Adam)

“It's a difficult disease to deal with. The tools we have are modestly effective but drugs and insecticides wear out — after 10, 20 years mosquitoes become resistant. There's a real concern that in 2020s, [cases] are going to jump back up again,” said Adrian Hill, a professor of human genetics and director of the Jenner Institute at the University of Oxford.

What if America Tried Capitalism (thc0655)

A quarter of the economy is directly run by the feds. Another quarter – including medical care and education – is guided and approved by them. And the remainder is chock-a-block with rules and regulations… All of them intended to upgrade, or at least to genetically modify, the fruits of naked capitalism.

We don’t know what America would look like if capitalism were permitted. But it would certainly be a whole lot richer. Especially the working stiffs.

Rumour and violence rife as Congo Ebola outbreak surges out of control (thc0655)

On Friday, violence erupted when an armed group stormed a hospital in Butembo, reportedly ordered foreigners to go home and accused them of bringing Ebola to DRC. Dr Richard Valery Mouzoko Kiboung, an epidemiologist from Cameroon who was working for the World Health Organization, was killed during the attack. Hours later, a group armed with machetes tried to burn down an Ebola treatment centre in neighbouring Katwa.

Doctors at Ebola epicenter in Congo threaten strike (thc0655)

Eastern Congo is a highly volatile area where a variety of armed groups operate. Mistrust of government authorities has complicated the efforts to contain the deadly Ebola disease since the outbreak began in August. Some residents also falsely accuse foreigners of bringing Ebola to the area.

America Dancing On The Crumbling Precipice (G Corbin)

This recent song by Rise Against, inspired by the turmoil since the 2016 election of Donald Trump, captures the feeling of angst and uncertainty engulfing the world today. This Fourth Turning is entering its most violent stage, where blood will be spilled in vast quantities as an epic conflict between good and evil plays out across the globe. Eighty years ago, the bloodiest conflict in human history began, as the social mood turned dark and compromise was no longer a viable option.

The Coming of American Fascism, 1920–1940 (G Corbin)

It was widely understood, then, that the essence of fascism was, in Carmen Haider’s pithy formulation, the “attempt to introduce a collective form of capitalism in the place of individualism.” It was the fusion of big business with politics, the war on democracy by a public relations industry in the service of capital, the myth-making and “business evangelism” that is so integral to the propaganda industries of monopoly capitalism (and so reminiscent of the myths produced by Fascists and Nazis). Whether the classic seizure of power through middle-class support was present was ancillary to the dictatorial rule of capital.

Antarctica: Thousands of emperor penguin chicks wiped out (Sparky1)

But the Brunt population, which had sustained an average of 14,000 to 25,000 breeding pairs for several decades (5-9% of the global population), essentially disappeared overnight.

How an ‘unripe snowpack’ will impact Lake Tahoe this summer (thc0655)

Straddling the California-Nevada border, Tahoe is a renowned outdoor playground enjoyed by people from around the world. It's also the main water source for the Reno-Sparks, Nev., area. The lake is fed by 63 tributaries that drain 505 square miles known as the Lake Tahoe Watershed. With a vast surface area of 191 square miles, Tahoe requires an immense amount of water to fill, especially because roughly 100 billion gallons of water evaporates annually.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/24/19

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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