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    Daily Digest 5/23 – A Graduation Message For A Terrifying Age, What’s Next For Ford After Layoffs?

    by Daily Digest

    Thursday, May 23, 2019, 6:54 AM


Economy

E.U. Elections 2019: A Guide to the Parliament Vote (TS)

But this time is different. Nationalists have gained ground across Europe, and as they head into the elections with a newly united front, the vote is being seen as the latest test of their influence. Polls suggest that populist parties could be positioned to make big gains.

How To Survive The Journey Ahead: A Graduation Message For A Terrifying Age (drbost)

We’re losing our freedoms for one simple reason: most of us don’t know anything about our freedoms. At a minimum, anyone who has graduated from high school, let alone college, should know the Bill of Rights backwards and forwards. However, the average young person, let alone citizen, has very little knowledge of their rights for the simple reason that the schools no longer teach them. So grab a copy of the Constitution and the Bill of Rights, and study them at home. And when the time comes, stand up for your rights before it’s too late.

Poverty Line Proposal Would Cut Medicaid, Medicare, and Premium Tax Credits, Causing Millions to Lose or See Reduced Benefits Over Time (edelinski)

This analysis focuses on the impact of updating the poverty line using the chained CPI; using the PCEPI would have a somewhat larger effect, meaning that even more people would lose eligibility for health coverage programs, and the cuts to these programs would be even larger.

Dow Jones, Nasdaq Cut Losses As These 5 Growth Stocks Stomp Higher (Thomas R.)

But small caps fell harder. The Russell 2000 skidded more than 0.8% lower. The small-cap S&P 600 foundered 1%, sinking a bit further below its 50-day moving average.

Leading growth stocks, however, held their ground.

How work became the millennial religion of choice (tmn)

According to Jobvite’s annual Job Seeker Nation survey, 42% of American workers define themselves by the jobs they perform and/or the companies they work for, and that number rises to 45% among those under the age of 40. Furthermore, of the 42% who say that they define themselves through their work, 65% say it’s “very important” to who they are as people.

Ford Is Working on Package-Delivering Robots That Fold Up Inside Self-Driving Cars (Thomas R.)

Ford’s Vice President of Research and Advanced Engineering, Dr. Ken Washington, wrote all about this partnership on Medium, starting by saying the Postal Service delivered twice the volume in 2018 that it did 10 years ago, and that this is an issue Ford plans to work with Agility to solve.

Credit, debit cards found to be ‘dirtiest payment method’ versus cash, coins, study says (Thomas R.)

The website stacked these results against other “known filthy things” and said a payment card’s average germ score was higher than that of a bathroom in New York City’s Penn Station, which received a 163 germ score.

After laying off 7,000 workers, what’s next for Ford? (Thomas R.)

All in, the numbers are half of the 14,000 job cuts announced by General Motors last November for North America alone, with a large share of those coming at five factories GM plans to shutter, including two U.S. assembly lines. There are no major blue-collar cuts, nor plant closures, in the works, Joe Hinrichs, Ford’s president of automotive operations, told NBC News last month.

There’s Only One Way to Stop Predatory Lending (jdargis)

Mortgage lenders have been required to submit basic data to the government since the 1970s, and that data has consistently revealed evidence of discrimination. At first, the problem was a lack of access: Minority applicants for mortgage loans were rejected at much higher rates than white applicants in similar neighborhoods with similar incomes. Then, in the 1990s and 2000s, the absence of lending was replaced by predatory lending. Over the last decade, lenders have returned to the older pattern of discrimination, according to an analysis published last year by the Center for Investigative Reporting.

Saudi Arabia wants to buy tons of American natural gas (Thomas R.)

Although the agreement calls for Saudi Arabia to purchase LNG from the United States, Joseph said it’s unlikely the fuel would end up being used to meet the kingdom’s vast electricity needs. More likely, Aramco will try to sign up buyers in South America and Europe for the LNG.

The Silence Before The Storm In Oil Markets (Thomas R.)

The big question is how and when Saudi Arabia will respond. Riyadh is very reluctant to see a repeat of 2018 when prices crashed following production increases. This time around Saudi Arabia will err on the side of letting the overly tighten, although the OPEC+ group has adopted a “wait-and-see” approach, putting off a decision until the June meeting (which may even get pushed into July). That way, OPEC+ officials will have more data on how U.S. sanctions are affecting production in Iran and Venezuela, and events surrounding the U.S.-China trade war will also become clearer.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/22/19

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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