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    Daily Digest 4/6 – Savers Suffer As Banks Cut Interest Rates, What’s Earth’s Growth Limit?

    by DailyDigest

    Monday, April 6, 2015, 3:13 PM

Economy

What's the limit to the planet's growth? (lesphelps)

Although galloping economic growth already seemed normal to most younger people living in the developed world in 1972, the growth that took off after WWII was not normal. It is absolutely unprecedented in all of history. Nothing like it has ever occurred before: large and rapidly growing populations, accelerating industrialisation, expanding production of every kind. All new. The Meadows team found that we could avoid collapse if we slowed down the physical expansion of the economy. This, however, would mean two very difficult changes—slowing human population growth and slowing the entire cycle of physical production from material extraction through to the disposal of waste.

Savers suffer as banks cut deposit interest rates (Arthur Robey)

Bonus saver accounts require customers to meet certain conditions to get the best rate, such as making regular deposits or not making withdrawals.

RateCity analyst Peter Arnold said these were "flagship" savings accounts offered by the big four, and people affected by lower deposit rates included retirees and first home buyers saving up for a deposit.

Drug-Resistant Food Poisoning Lands In The U.S. (jdargis)

"If rates of resistance become this high, in more places, we'll have very few options left for treating Shigella with antibiotics by mouth," says epidemiologist Anna Bowen, who led the study. Then doctors will have to resort to IV antibiotics.

Who’s To Blame For The Oil Price Crash? (Evan K.)

Even one of fracking’s biggest supporters, legendary oil man T. Boone Pickens, blames the US shale boom for triggering the price slough that’s been hammering the energy industry. He’s doesn’t subscribe to the environmental concerns about fracking, but he says he can also recognize when his industry has latched on to too much of a good thing.

“I’ve fracked over a thousand wells,” Pickens, the chairman of BP Capital Management, said March 23 at a panel discussion in Monterey Calif. “I’ve never had a failure on one of them. … Texas, Oklahoma lead in fracking wells and it has been a great success for both those states.”

U.S. sardine fishery on West Coast to be shut down, scientists warn of collapse (westcoastjan)

"The industry survives fishing on a complex," of species, said Diane Pleschner-Steele, director of the California Wetfish Producers Association, which represents 63 California-based fishing boats. "Sardines, up until this point, have been one very important leg of a three- or four-legged stool… Now we don't have sardines. Our fleet is scrambling."

Cakifornia Drought Tests History Of Endless Growth (thc0655)

Can Los Angeles continue to dominate as the country’s capital of entertainment and glamour, and Silicon Valley as the center of high tech, if people are forbidden to take a shower for more than five minutes and water bills become prohibitively expensive? Will tourists worry about coming? Will businesses continue their expansion in places like San Francisco and Venice?

Happy As A Pig In Mud (Arthur Robey)

"Technology has made a big difference to how we do things. It was a case of right place and time to install the biogas generator and become the first commercial pig farm in Australia to also be a carbon farm," Beveridge says.

The windfall for Blantyre was turning a monthly gas and electricity bill of $15,000 into a $5000 credit.

Fields Of Toxic Pesticides Surround The Schools Of Ventura County (jdargis)

Use of many of these sixty-six pesticides has fallen statewide since 2007. But a handful of communities saw a dramatic increase. By 2012, the most recent year for which data is available, more than 29 million pounds of these chemicals—more than half the total used in the state—were applied in just 5 percent of California’s 1,769 census ZIP codes, according to an independent investigation by this reporter. In two ZIP codes that Zuñiga knows well—areas that include the Oxnard High neighborhood where she trained and south Oxnard, where she lives—applications of these especially toxic pesticides, which were already among the highest in the state, rose between 61 percent and 84 percent from 2007 t0 2012, records at the California Department of Pesticide Regulation show.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/3/15

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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