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    Daily Digest 4/28 – Capping A Catastrophe, Let This Earth Day Be The Last

    by DailyDigest

    Monday, April 28, 2014, 2:17 PM

Economy

Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones (jdargis)

The report shows that total employment has finally surpassed its pre-recession level. “The good news is we’re back to zero,” Mr. Evangelist said.

But job losses and gains have been skewed. Higher-wage industries — like accounting and legal work — shed 3.6 million positions during the recession and have added only 2.6 million positions during the recovery. But lower-wage industries lost two million jobs, then added 3.8 million.

Let This Earth Day Be The Last (jdargis)

End the dishonesty, the deception. Stop lying to yourselves, and to your children. Stop pretending that the crisis can be “solved,” that the planet can be “saved,” that business more-or-less as usual—what progressives and environmentalists have been doing for forty-odd years and more—is morally or intellectually tenable. Let go of the pretense that “environmentalism” as we know it—virtuous green consumerism, affluent low-carbon localism, head-in-the-sand conservationism, feel-good greenwashed capitalism—comes anywhere near the radical response our situation requires.

So, yeah, I’ve had it with Earth Day—and the culture of progressive green denial it represents.

Efforts to zap bacteria in food are slow to catch hold (jdargis)

Dozens of scientific studies have shown that irradiated food is safe for human consumption, and that no radioactive material has leaked outside any U.S. plant, according to the U.S. Nuclear Regulatory Commission. The three forms of energy that can be used — gamma rays, electron beams and X-rays — can virtually eliminate bacteria in minutes. All this has prompted the World Health Organization, the American Medical Association, the U.S. Centers for Disease Control and Prevention, and dozens of other groups to endorse its use.

Buy Signal in the PM Sector (GE Christenson)

The XAU, gold, and silver look like they have bottomed. Asian demand is strong, and we have been assured by central banks that they will devalue their currencies to create inflation. Gold, silver, and their stocks will benefit.

Oil Security Index (HughK)

The Oil Security Index is designed to enable policymakers and the general public to measure and compare the relative oil security of different countries.

Rising domestic oil production continues to strengthen U.S. oil security, but heavy oil use leaves the economy vulnerable to high and volatile oil prices.

Coal Increasingly Seen As Option For European Energy Security (James B.)

While Europe’s dependence on Russian gas has been on the decline for years, it is obviously not free of Russia’s grip just yet. The standoff over Crimea, and now the eastern provinces of Ukraine, has Europe looking for alternatives. Ukraine is at the crossroads for a significant portion of European energy flows – Europe gets 16 percent of its natural gas from pipelines that pass through Ukraine.

Chernobyl: Capping A Catastrophe (jdargis)

Engineers have designed the Chernobyl arch to stand for 100 years; they figure that is how long it may take to fully clean the area. But there have always been questions about Ukraine’s long-term commitment, and the political turmoil and tensions with Russia have raised new concerns. So even a century might not be enough.

The arch, though, is a formidable structure, said Vince Novak, the director of nuclear safety for the European Bank for Reconstruction and Development, which administers the project’s financing. If necessary, he said, “it might be able to last 300 years or more.”

Forced to Flee Radiation, Fearful Japanese Villagers Are Reluctant to Return (jdargis)

Many villagers complain that these amounts are not enough to move farther away from the plant, which is still leaking radiation, or to repair their traditional wooden farmhouses, which have started to rot and collapse since they were damaged by the earthquake and then abandoned.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/25/14

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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