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    Daily Digest 5/15 – How Venezuela Got To The Brink Of Collapse, Is Our Kids’ Diet Making Them Sick?

    by DailyDigest

    Monday, May 15, 2017, 1:30 PM


CT takes another credit rating hit on Wall Street (DennisC)

“Despite a demonstrated commitment to identifying structural solutions to budget shortfalls, the state’s ability to manage is constrained by” large unfunded liabilities in its retirement benefit programs, the rating agency wrote in a statement. “The state remains pressured by revenue collections that are failing to keep pace with rising expenditures. … After addressing the newly forecast budget gap for the current year, the state will be left with no reserve cushion and more limited tools to address already projected budget shortfalls for coming years and the expected effects of future economic downturns.”

Why We Should Be Concerned About Low Oil Prices (Aaron M.)

I recently tried to explain how the energy-economy system works, including the strange way prices fall, rather than rise, as we reach limits, at a recent workshop in Brussels called “New Narratives of Energy and Sustainability.” The talk was part of an “Inspirational Workshop Series” sponsored by the Joint Research Centre of the European Commission.

Your Vote Didn't Count, and the Board Didn't Tell You in Time to Do Anything About It (jdargis)

"What we see here in New York City is that the voters are denied any chance of defending their own ballot," said Susan Lerner, head of Common Cause. She added, "They have no recourse. They've simply been disenfranchised. And that is scandalous and completely unacceptable."

How Venezuela Stumbled to the Brink of Collapse (jdargis)

Established democracies are not supposed to implode like this. But economic missteps, power grabs and political opportunism have made it happen.

The Economist Who Helped Write Trump’s Tax Plan in Five Days (jdargis)

If the House and Senate can’t agree on how to pay for lower corporate and individual rates, they may pass a temporary measure similar to the Bush-era tax cuts Knight worked on while at Ways and Means. By the time she left in 2006, she was the committee chairman’s most senior counselor. “She has front-line experience of the legislative process and with tax policy itself,” says Alex Brill, a research fellow at the American Enterprise Institute who overlapped with Knight at Ways and Means. Brill remembers that Knight kept a pit bull named Bosley.

Here’s Why You’ll Pay Higher Gas Prices Whatever The Market

According to one research organization, the Institute on Taxation and Economic Policy, the number of states that have already introduced higher gas taxes is unusual, and what’s more, this number will continue to rise, with another seven states likely to pass higher gas tax laws before the end of the year: Alaska, Louisiana, Wisconsin, South Carolina, Oregon, and Oklahoma, and West Virginia. Why? Because, although taxpayers can hardly be too happy about it, business groups are backing the higher taxes, ITEP analyst Carl Davies.

GloBull Warming Hokum On 'Earth Day' (Raymond W.)

It is a scientific fact that in the last ~100,000 years or so we've lived in a generally warming climate cycle and yet human-emitted CO2 has only been on the scene in material quantity for the last couple hundred years. There have been little excursions in temperature the other way during this cycle; the Maunder Minimum is of note and they were bad news for humans. You might want to keep that in mind because colder temperatures kill people faster and with greater certainty than hotter ones, specifically by damaging crop yields.

Is Our Kids' Diet Making Them Sick? (yogmonster)

In the United States, we are quickly learning that our food supply contains a lot of ingredients that simply did not exist when we were kids, from artificial food dyes and artificial growth hormones, to excess levels of pesticides now used on genetically engineered foods (GMOs). But it isn’t like this in other countries, and our own American corporations don’t use these ingredients in the products they sell overseas. That double standard is tough to swallow.

Sullied seasoning: Sea salts come with a dash of microplastics (jdargis)

Based on their findings and data on global salt consumption, the researchers estimated that people might consume around 37 microplastic particles from sea salt per year—if all the sodium in their diet came from sea salt. By contrast, previous research estimates that shellfish-loving Europeans may consume up to 11,000 microplastic particles a year. It’s not yet clear if that amount poses a health risk.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/12/17

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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  • Mon, May 15, 2017 - 7:23am



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2935

    US pension fund deficit soars to $3.85tn

    US pension fund deficit soars to $3.85tn

    Financial Times-11 hours ago
    US cities and states face a “looming crisis” after the collective funding hole in the public pension system jumped by $434bn in just one year, raising fears of …

    Behind China’s Silk Road vision: cheap funds, heavy debt, growing …

    Reuters-4 hours ago

    Massive government capital injections, bonds priced as sovereign debt and access to the central bank’s pledged supplementary lending program keep CDB and .

    China Watchers Caught Off Guard as Bond Rout Just Won’t End

    Bloomberg-15 hours ago
    Chinese firms canceled 120 billion yuan ($17.4 billion) of debt sales in April, the most in a year. China Vanke Co. — the nation’s second-biggest residential …

    S.Korea’s household debt rises faster amid record-low rate

    Xinhua-9 hours ago
    Debts owed by households to banks reached 718.6 trillion won (638.8 billion U.S. dollars) as of end-April, up 4.6 trillion won from a month earlier, according to …

    Debt Island: How $74 Billion in Bonds Bankrupted Puerto Rico

    Bloomberg-4 hours ago

    In 1999, when Puerto Rico had an investment-grade credit rating, the island had roughly $16 billion of public debt. Today that figure is $74 billion and the rating ..

    $11 billion debt limit rise

    The West Australian – ‎17 hours ago‎
    WA’s debt crisis will be put front and centre tomorrow, with Treasurer Ben Wyatt set to seek parliamentary approval to borrow as much as $11 billion to meet the State’s growing needs. The West Australian can reveal Mr Wyatt will introduce a Loan Bill

    Greek Lawmakers Debate Extending Austerity to Decade Mark

    U.S. News & World Report – ‎2 hours ago‎
    Without the new measures, Greece would face the prospect of not getting the rescue money it needs to avoid potential bankruptcy this summer when it faces a big debt-repayment spike. Greece is currently in the midst of its third bailout program — the

    Greece slides back into recession at start of 2017 hour ago
    Mr Tsakalotos said he expected a final agreement to be reached – with debt relief … a deal to release funds to Greece to ensure it avoids a summer debt default.


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  • Mon, May 15, 2017 - 7:48pm



    Status Platinum Member (Offline)

    Joined: Apr 13 2011

    Posts: 1847

    Seth Rich had contact w WikiLeaks before murder

    Family’s Private Investigator:  There is evidence Seth Rich had contact with WikiLeaks prior to his murder.

    WASHINGTON – It has been almost a year since Democratic National Committee staffer Seth Rich was murdered in the nation’s capital. There have been no solid answers about why he was killed until now.
    Rich was shot and killed last July in Northwest D.C and police have suggested the killing in the District’s Bloomingdale neighborhood was a botched robbery. However, online conspiracy theories have tied the murder to Rich’s work at the DNC.
    Just two months shy of the one-year anniversary of Rich’s death, FOX 5 has learned there is new information that could prove these theorists right.

    Family’s private investigator: There is evidence Seth Rich had contact with WikiLeaks prior to death

    Rod Wheeler, a private investigator hired by the Rich family, suggests there is tangible evidence on Rich’s laptop that confirms he was communicating with WikiLeaks prior to his death.
    Now, questions have been raised on why D.C. police, the lead agency on this murder investigation for the past ten months, have insisted this was a robbery gone bad when there appears to be no evidence to suggest that.
    Wheeler, a former D.C. police homicide detective, is running a parallel investigation into Rich’s murder. Wheeler said he believes there is a cover-up and the police department has been told to back down from the investigation.
    “[Neither] The police department nor the FBI have been forthcoming,” said Wheeler. “They haven’t been cooperating at all. I believe that the answer to solving his death lies on that computer, which I believe is either at the police department or either at the FBI. I have been told both.”
    When we asked Wheeler if his sources have told him there is information that links Rich to Wikileaks, he said, “Absolutely. Yeah. That’s confirmed.”
    Wheeler also told us, “I have a source inside the police department that has looked at me straight in the eye and said, ‘Rod, we were told to stand down on this case and I can’t share any information with you.’ Now, that is highly unusual for a murder investigation, especially from a police department. Again, I don’t think it comes from the chief’s office, but I do believe there is a correlation between the mayor’s office and the DNC and that is the information that will come out [Tuesday].
    Julian Assange hinted this when WikiLeaks offered a reward for information on the murder of Seth Rich.  (WikiLeaks plays no role in criminal cases.)  He also hinted, without actually saying it directly, that Seth Rich was the DNC insider source of the John Podesta emails.
    The DNC has never contested that the leaked emails were genuine.  It has only attempted to divert attention to the angle that “the Russians hacked the election.”
    Do we have one more body to add to the “Clinton body count?”

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