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