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    Daily Digest 5/14 – Natural Police, How Saudi Arabia Sets The Global (Currency) Markets

    by DailyDigest

    Thursday, May 14, 2015, 2:30 PM

Economy

Natural Police (Kevin J.)

“Seen through game theory, cancer and police corruption are pretty much the same thing. And for one of them, there’s a cure.

Armed with game theory and a wealth of social data, it seems we have – for the first time in history – the tools to start experimenting with democratic, egalitarian social structures that bring out the best in us.”

Police Officers: Morale Is Low In Departments Across The Country (thc0655)

President of the Fraternal Order of Police Chuck Canterbury told TheDC that he believes that a shortage of cops is the reason. “For the last six or eight years, proactive law enforcement has come to a stop because of shortage of personnel.”

With body cameras rolling, police use less force (thatchmo)

Such numbers are being watched carefully as the nation roils with protests over citizen-filmed killings of unarmed black men by police, and as an outcry builds for more accountability by officers. Adding police cameras to the myriad cell phones blinking away at confrontations seems to be helping, those on both sides of the debate agree.

How Saudi Arabia Sets The Global (Currency) Markets (Taki T.)

The next chart says it all. The global oil supply and demand picture shows that OPEC increased oil production last September for the first time in more than 1.5 years, as marked with the green circle. Until that time OPEC was consistently reducing their oil production 0.5 to 1 million barrels per day.

5 Big Banks Expected to Plead Guilty to Felony Charges, but Punishments May Be Tempered (jdargis)

The Justice Department is also preparing to resolve accusations of foreign currency misconduct at UBS. As part of that deal, prosecutors are taking the rare step of tearing up a 2012 nonprosecution agreement with the bank over the manipulation of benchmark interest rates, the people said, citing the bank’s foreign currency misconduct as a violation of the earlier agreement. UBS A.G., the banking unit that signed the 2012 nonprosecution agreement, is expected to plead guilty to the earlier charges and pay a fine that could be as high as $500 million rather than go to trial, the people said.

Why Is Oklahoma Now The Earthquake Capital Of The U.S? (Tom K.)

Oklahoma has been slow to recognize the link. Oklahoma experienced 585 earthquakes in 2014 with a magnitude of 3.0 or greater, skyrocketing up from 109 in 2013, and just a handful each year over the course of previous decades. Still, Oklahoma’s seismologists did not officially come out and make the connection between disposal wells and the state’s extraordinarily high frequency of seismic events until April of this year.

Scientists: Earth Endangered by New Strain of Fact-Resistant Humans (RZ, satire)

“These humans appear to have all the faculties necessary to receive and process information,” Davis Logsdon, one of the scientists who contributed to the study, said. “And yet, somehow, they have developed defenses that, for all intents and purposes, have rendered those faculties totally inactive.”

More worryingly, Logsdon said, “As facts have multiplied, their defenses against those facts have only grown more powerful.”

This Man Is America’s Best Hope for Near-Term Climate Action (jdargis)

This is the point at which progressives and climate hawks might understandably get a bit cynical. But hear me out: For years now, the Republican electorate has been shifting toward accepting the scientific consensus on climate change. A recent survey showed moderate Republicans—which still make up about half of all Republican voters—are now essentially indistinguishable from the general population in terms of their beliefs on climate. More than 70 percent of Republicans now believe that human activities are contributing to global warming.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/12/15

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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22 Comments

  • Thu, May 14, 2015 - 2:24pm

    #1

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Grasping at strawmen...

       (edit: great article on fact-resistant humans RZyes.  It's a friggin' plague out there.)

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  • Thu, May 14, 2015 - 2:30pm

    #2

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Chile becomes Brave.

    Chile makes corporations pay for higher education.  Morally sound: corporations will harvest the benefit of a more educated work force.

    http://www.attn.com/stories/836/chile-makes-college-tuition-free?utm_source=social&utm_medium=social&utm_campaign=usu

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  • Thu, May 14, 2015 - 3:07pm

    #3

    sand_puppy

    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1837

    Question on "gun violence" statistics

    A "statistic don't lie but liars use statistics" question. –a favorite quote of a high school math teachers. 

    I hear statistics quoted on the number of cases of "gun violence" in a certain area.

    Does anyone know how the defensive uses of a firearm is separated out from offensive use?

    For example:  A young woman is attacked and she shoots her attacker.  Most everyone would sat this use of a gun is a "good" thing and "reduces violence."   However, this homicide could be included in "gun violence" or "gun shots fired" numbers.

    Does anyone know how this is sorted out?

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  • Thu, May 14, 2015 - 3:46pm

    #4

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    Chicago Public Schools debt also is downgraded to junk status

    Headlines:

    1. WA budget 2015: $2.7 billion deficit forecast, asset sales and public sector cuts to contain debt (Australia)
    2. Chicago Public Schools debt also is downgraded to junk status
    3. Spain's public debt rises to over 1 trillion euros in March

     

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  • Thu, May 14, 2015 - 4:18pm

    Reply to #3

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Sorted out

    [quote=sand_puppy]

    For example:  A young woman is attacked and she shoots her attacker.  Most everyone would sat this use of a gun is a "good" thing and "reduces violence."   However, this homicide could be included in "gun violence" or "gun shots fired" numbers.

    Does anyone know how this is sorted out?

    [/quote]

    You already know how this is "sorted out" wink.

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  • Thu, May 14, 2015 - 4:26pm

    #5

    Chris Martenson

    Status Platinum Member (Online)

    Joined: Jun 07 2007

    Posts: 4502

    And....it's gone.

    How long does a positive action from DC last?  About a day.

    Senate reaches deal to move fast track trade authority

    May 13, 2015

    Senate leaders announced Wednesday that they reached an agreement to consider and likely approve fast-track authority for President Obama to reach trade deals, a day after an unusual filibuster by Democrats of their party’s presidential agenda.

    Senate Majority Leader Mitch McConnell (R-Ky.) and Minority Leader Harry M. Reid (D-Nev.) announced a plan that allows for a controversial provision that Democrats have been demanding – legislation targeting China’s alleged manipulation of its currency to make its exports cheaper – a separate vote Thursday afternoon.

    Not a part of the broader trade package, the China currency legislation has been opposed by the Obama administration but favored by many senators from Midwest states hit hard by manufacturing job losses in the last two decades.

    I am 100% positive that the TPP is very bad for America and average Americans. I know this because the whole thing is kept under strict secrecy:

    Extreme secrecy eroding support for Obama's trade pact 

    May 4, 2015

    If you want to hear the details of the Trans-Pacific Partnership trade deal the Obama administration is hoping to pass, you’ve got to be a member of Congress, and you’ve got to go to classified briefings and leave your staff and cellphone at the door.

    If you’re a member who wants to read the text, you’ve got to go to a room in the basement of the Capitol Visitor Center and be handed it one section at a time, watched over as you read, and forced to hand over any notes you make before leaving.

    And no matter what, you can’t discuss the details of what you’ve read. 

    There’s no other more convincing explanation for the ultra-secrecy besides the details being politically embarrassing. This is a gigantic corporate giveaway and the stripping of sovereign rights.

    If that’s not the case, then the TPP will be a very different beast from NAFTA and the WTO.

    At any rate, regarding the branding of China as a currency manipulator, they must be baffled, or angered, when they consider that Japan has destroyed its own currency by 30% against the dollar recently and there’s not one peep out of anybody in DC about that.

    So it’s really just another case of the US doing what it wants to do, when it wants to, for reasons that don’t have to make any sense at all.

    You know, like in The Sopranos.

     

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  • Thu, May 14, 2015 - 4:43pm

    #6
    robie robinson

    robie robinson

    Status Gold Member (Offline)

    Joined: Aug 25 2009

    Posts: 857

    this is real good news

    The Woman Who Chose to Plant Corn

    Layla has got her mare settled

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  • Thu, May 14, 2015 - 5:40pm

    Reply to #5
    phil hecksel

    phil hecksel

    Status Bronze Member (Offline)

    Joined: May 24 2010

    Posts: 139

    cmartenson wrote:There’s no

    [quote=cmartenson]There’s no other more convincing explanation for the ultra-secrecy besides the details being politically embarrassing. This is a gigantic corporate giveaway and the stripping of sovereign rights.

    If that’s not the case, then the TPP will be a very different beast from NAFTA and the WTO

    [/quote]

    What is the real desired end game here?  The only thing I can come up with my conspiracy wrapped brain, China wants world reserve currency status and can back it with gold, and US said, here, let us give you anything you want.

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  • Thu, May 14, 2015 - 6:12pm

    #7

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Shell oil rig on the move to Seattle

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  • Thu, May 14, 2015 - 6:21pm

    Reply to #3

    Taz Alloway

    Status Bronze Member (Offline)

    Joined: Feb 18 2010

    Posts: 461

    Gun violence statistics

    Sand_puppy,  The short answer is that we do not have good characterization of gun-related violence in the US. In the 1990's congress prohibited the use of federal research money to study anything that may contribute to gun control.

     

    See: http://www.nydailynews.com/news/national/no-funds-studies-gun-violence-article-1.1809263

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  • Thu, May 14, 2015 - 7:11pm

    Reply to #3

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1435

    Gun violence stats

    Police departments collect data in the format dictated by the FBI which as you suspect lumps together apples with oranges. The CDC has been banned from doing gun violence “research” on the public dime because their results are predictable before the “research” starts and nearly always support one side only in the debate. For the best gun violence research my money is on John Lott and his collaborators: start with More Guns Less Crime.

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  • Thu, May 14, 2015 - 8:03pm

    #8

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Firearm Folly

    My thinking on guns goes like this. The stats will show that there is a specific demographic that commits the outrages. And conversely there is another group that is never guilty of mass shootings.

    Let us say that grandmothers never go on rampages (Just a guess) and that young men between say,15  and 40 are most at risk.

    Therefore the law should make use of this fact and disarm young men and make it compulsory for little old ladies to carry a pin locked weapon and attend competency training.

    Now let us see what would have happened at the Port Arthur massacre. For a start Martin Bryant would not have been armed being intellectually challenged, male and full of testosterone.  Further what would have happened to him if he started shooting grandkiddies amongst a crowd of heavily armed grandmothers? 

    But no. We allow the enamored of weapons to carry firearms and allow the most caring a free pass to avoid their responsibilities. 

    All this folly and tragedy just to support an ideology of "Equality".

    (PS Martin Briant was a patsy. Australia has been taking lessons. )

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  • Thu, May 14, 2015 - 8:59pm

    #9

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Re: Firearm Folly

    As a red-blooded 'Merican (is there any other kind?) I've always been fond of Neo's approach.

    And don't worry about Granny down in Texas. She's packin'.

     

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  • Thu, May 14, 2015 - 9:26pm

    #10

    Mark Cochrane

    Status Platinum Member (Offline)

    Joined: May 24 2011

    Posts: 1189

    More (short-termed?) good news...

    Maybe this should be classed not as bad as it could be news?

    US House rejects NSA bulk collection of phone data

    The US House of Representatives has voted to end the National Security Agency's bulk collection of Americans' phone records.

    A 338-to-88 overwhelming vote in favour of the USA Freedom Act, already backed by the White House, means Senate backing would make it law.

    Alas for everyone living or working outside of the US

    The bill, which only affects people within the US, would amend sections of the USA Patriot Act, which was passed after the 9/11 attacks and which will expire on 1 June.

    Of course neither the NSA nor any other government organization would ever think of breaking the law…. Especially after the severe wrist slappings handed out to the banksters.

    Mark

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  • Thu, May 14, 2015 - 10:22pm

    #11

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Wonder what John Wayne would have to say about this...

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  • Thu, May 14, 2015 - 11:09pm

    #12

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    My thinking on guns goes something like this...

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  • Thu, May 14, 2015 - 11:28pm

    Reply to #10

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Easily Circumvented Mark.

    The International intelligence community run reciprocal agreements. eg The Brits spy on the American population and vice  versa. The internet has no coordinates.

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  • Fri, May 15, 2015 - 1:18am

    Reply to #10

    Chris Martenson

    Status Platinum Member (Online)

    Joined: Jun 07 2007

    Posts: 4502

    Not good news...

    [quote=Mark Cochrane]

    Maybe this should be classed not as bad as it could be news?

    US House rejects NSA bulk collection of phone data

    The US House of Representatives has voted to end the National Security Agency's bulk collection of Americans' phone records.

    (…)

    [/quote]

    This is not good news in the sense that the NSA will just go back to what it was doing before which was spying on all the UK phone calls (legal) while the UK equivalent, GCHQ, will spy on all the US calls (also legal)…and then they share the results with each other.

    As far as I've heard, Canada and Australia are in on that game too…

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  • Fri, May 15, 2015 - 3:41am

    Reply to #1

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    What a difference a day makes

    So this was the title to the article I posted this morning:

    [quote=Time2help]

    [/quote]

    I went back to the same article this afternoon, and they've changed the title:

    [quote]"It's all [email protected]#$, and it ain't good for ya."  – George Carlin[/quote]

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  • Fri, May 15, 2015 - 4:35am

    Reply to #1
    Peter Smith

    Peter Smith

    Status Member (Offline)

    Joined: Mar 28 2009

    Posts: 21

    Gun Rights

    In Texas and Florida, statistically, in a crowd of about 15 people there will be one concealed carry citizen.   So, if a person wanted to do damage he would be advised to go to a state where law abiding citizens are denied the right to defend themselves.  Seattle? 

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  • Fri, May 15, 2015 - 6:01am

    Reply to #1

    Time2help

    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    Re: Seattle?

    [quote=Peter Smith]

    In Texas and Florida, statistically, in a crowd of about 15 people there will be one concealed carry citizen.   So, if a person wanted to do damage he would be advised to go to a state where law abiding citizens are denied the right to defend themselves.  Seattle? 

    [/quote]

    He'd be rolling the dice up here Pete.

    Contrary to popular opinion and media bias, a good portion of the citizenry of Washington State are very well armed.  We have a population of 7,061,530 per the 2014 Census. At last count the number of licensed concealed carry holders was right around 500,000.  That works out to about 1 in 12.5.

    Concealed Pistol License (CPL) interest seemed to really take off here around 2005. And a large percentage of recent CPL issues have been for women.

    I see people pretty routinely carrying here, and (with few exceptions) the local PD and Sheriffs tend to be very supportive of CPL holders and the 2A in general. This mirrors the national trend.

    I truly believe that law abiding citizens carrying concealed in a responsible manner does wonders for reducing violent crime.  And I'm not alone.

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  • Fri, May 15, 2015 - 8:14pm

    Reply to #4
    DennisC

    DennisC

    Status Bronze Member (Offline)

    Joined: Mar 19 2011

    Posts: 101

    Chicago Debt

    Despite the fact that the bond rating agencies are usually more than a "day late and a dollar short" with their decisions, I thought this article had an interesting contrast of comments. 

    Following City, Chicago Public Schools Credit Rating Junked

    The reality:

    "The Ba3 rating reflects CPS’s steadily escalating pension contributions and use of reserves to fund those contributions,” Moody’s said. “We believe pension costs will place increasing strain on the district’s precarious financial position absent material revenue growth or expenditure reduction, both of which appear increasingly difficult for the district to achieve."

    And then this:

    "The downgrade is an example of how the rating agencies work in concert with bond holders in pushing our city and schools to the brink by recklessly increasing termination fees and costs of borrowing. Today’s action by Moody’s induces further political panic to force the City to implement even more misguided fiscal decisions that will hurt our students and public schools,” said teachers’ union spokeswoman Stephanie Gadlin

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