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    Daily Digest 5/1 – WH Delays Tariffs, Debt And Delusions

    by DailyDigest

    Tuesday, May 1, 2018, 2:48 PM


White House delays tariffs on EU, Canada and Mexico (TS)

The confrontation stems from the president’s decision in March to slap tariffs of 25 percent on imported steel and 10 percent on imported aluminum. Trump justified the action by saying it was needed to protect American metal producers from unfair competition and bolster national security. But the announcement, which followed an intense internal White House debate, triggered harsh criticism from Democrats and some Republicans and roiled financial markets.

‘Forget the Facebook leak’: China is mining data directly from workers’ brains on an industrial scale (Sparky1)

Concealed in regular safety helmets or uniform hats, these lightweight, wireless sensors constantly monitor the wearer’s brainwaves and stream the data to computers that use artificial intelligence algorithms to detect emotional spikes such as depression, anxiety or rage.

Trump says nixing Iran nuclear deal would not hurt North Korea talks (TS)

Trump declined to say whether the United States would pull out of the nuclear deal before a May 12 deadline for a decision, saying: “We’ll see what happens.”

But he expressed his dissatisfaction with the pact.

The Surprisingly Solid Mathematical Case of the Tin Foil Hat Gun Prepper (thc0655)

There’s a common misconception in the media about the eventuality for which the preppers are exactly prepping. That’s because they’re a diverse group, and prep for many different things. No, they aren’t planning for a revolution to overthrow the government. (Most of them, anyway.) Mostly they’re planning to keep themselves and their families safe while someone else tries to overthrow the government. That, or zombies. (More on zombies below.)

Debt and Delusions – Part Two (GE Christenson)

Behind Door # 1 lives the default dragon. The consequences of releasing the default dragon upon the financial world are frightening and difficult to comprehend. What happens if the U.S. government says the following in circumspect language?

Researchers are keeping pig brains alive outside the body (Sparky1)

“These brains may be damaged, but if the cells are alive, it’s a living organ,” says Steve Hyman, director of psychiatric research at the Broad Institute in Cambridge, Massachusetts, who was among those briefed on the work. “It’s at the extreme of technical know-how, but not that different from preserving a kidney.”

Major Airlines Expect Oil Prices To Rise (Michael S.)

AA is no an exception. United Airlines reported a 26-percent increase in fuel costs over the first quarter in its latest financial report, with the average price per gallon of fuel almost 23 percent higher than in Q1 2017. Despite this, United beat analyst expectations for revenues and profits, but not everyone had the same luck. Delta’s earnings fell in the first quarter despite record-high revenues on the back of higher fuel costs, which were 20 percent higher than a year earlier.

Pesticide linked to cancer is in nearly every US food: report (Alex M.)

But an FDA supervisor wrote to an Environmental Protection Agency official in an email that the corn was not considered an “official sample” – meaning that the shocking example wouldn’t be reported to the EPA.

Chamkasem also found traces of glyphosate in honey and oatmeal products. The FDA temporarily suspended testing after those findings and reassigned Chamkasem’s lab to “other programs,” the Guardian said.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/30/18

Provided daily by the Peak Prosperity Gold & Silver Group

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