Insulin Costs Have Tripled In Just 10 Years (lambertad)
Insulin’s cost spike comes alongside an increase in prescribed doses, which likely occurred because people are getting even more obese, which not only increases the risk of diabetes, but in turn increases the amount of insulin a person needs. Those with Type 1 diabetes, which is unrelated to obesity, need insulin injections to stay alive. Doctors prescribe the hormone for patients with advanced Type 2 diabetes as well, though, to control blood sugar and help prevent damage throughout the body, usually after diet, exercise, and other medications have failed.
Twenty-five years is a long time to go without paying a significant portion of your workers—servers, bussers, hosts, bartenders—at least the minimum wage, let alone a wage that enables a family to make ends meet. And as a result, servers are twice as likely to need food stamps than the rest of the U.S. workforce, and three times as likely to live in poverty. The restaurant industry now includes 7 of the 10 lowest paying jobs in the country.
Global military spending is increasing (jdargis)
“There’s a possibility that this is a transitional year.” Fleurant added. If spending continues to rise, it would make the decreases between 2011 and 2014 insignificant, she said. Fleurant noted, however, that the evidence was not clearcut, because some countries boosted spending due to conflicts while others cut spending due to economic pressures.
Wage Growth Remains an Issue for Millennials (Tiffany D.)
According to the Census Bureau’s data, 2015 marked the first year in which there were more millennials (75.3 million) than baby boomers (74.9 million). And the ranks of baby boomers in the workforce thin each day, as another 10,000 or so people hit age 62, qualify for Social Security and plan their career exit to retirement.
Trump Unbound (richcabot)
“I know the Wall Street people probably better than anybody knows them,” said Trump, who has misfired on such predictions in the past. “I don’t need them.”
Those last five words are what has the Washington GOP establishment in a cold sweat. The fact is, the Washington based apparatus of the GOP is beholden lock, stock and barrel to Wall Street and the broader financial services industry for sustenance. That is, PAC funds and the K-street influence peddling rackets which make life in the Imperial City so copasetic for careerist politicians and their apparatchiks.
Even while Obama championed his commitment to raise taxes on the wealthy, he pursued and eventually signed the Panama agreement in 2011. Upon Congress ratifying the pact, Clinton issued a statement lauding the agreement, saying it and other deals with Colombia and South Korea “will make it easier for American companies to sell their products.” She added: “The Obama administration is constantly working to deepen our economic engagement throughout the world, and these agreements are an example of that commitment.”
The last gold bull run was between 1999-2011, from its 1999 low of USD 252.8 to the record high of USD 1’895 seen in September 2011. The price rally back then was driven by strong emerging market growth supporting consumer demand, and was characterized by a flight to quality and later a need for security, which was reinforced by the global financial crisis and the debt bubble. Central banks purchases after the global financial crisis also certainly helped boost the gold price during that phase. Driven by their objective to diversify foreign reserves, central banks purchased 588.4 metric tons in 2015 – those represented 14% of total bullion demand, according to the World Gold Council.
Finally, yesterday we looked at the surreal situation of negative interest rates in Japan. A low interest rate environment prevails across the globe, with the yield on the BAML global bond index down to 1.3 percent, the lowest since records began nearly 20 years ago. As central banks have rolled up their sleeves to battle against deflation, this bond yield points to a global inflation rate of just 1.1 percent. Commodities have played their part in the global disinflationary move seen in the last year, and low energy prices should help to keep inflation in check going forward.
Currently, the province of Ontario meets the majority of its energy needs through nuclear and hydroelectric generation. Clean energy sources — wind, solar and bioenergy — provide just six per cent of the province’s energy demand. Unlike most Canadian provinces, Ontario’s emissions are on the way down — already at six per cent below 1990 levels. The long-term goal of the province’s climate change strategy is an 80 per cent reduction in 1990 emission levels by 2050.
Gold & Silver
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