BRICS trample US in South America (Arthur Robey)
Top infrastructure projects in Latin America are all being financed by Chinese capital – except the Mariel port in Cuba, whose financing comes from Brazil’s BNDES and whose operation will be managed by Singaporean port operator PSA International Pte Ltd. Construction of the Nicaragua canal – bigger, wider and deeper than Panama’s – started last year by a Hong Kong firm, to be finished by 2019. Argentina, for its part, clinched a $4.7 billion Chinese deal for the construction of two hydroelectric dams in Patagonia.
As the Washington Post reported here last year, police made 61,998 cash seizures – totaling $2.5 billion since 9/11 – without search warrants or indictments.
Why do the feds want to eliminate cash?
Meanwhile, some charities are actually against the idea of receiving expired food from supermarkets. Patrice Dallem, from the Red Cross, said it would lead to unaffordable “logistical and human costs,” the Local reported.
The new law, which will also introduce an education program about food waste in schools and businesses, is part of an effort by Paris to halve the amount of food waste in the country by 2025.
Gold And Recessions (Terry L.)
The World Gold Council also examined the connection between gold and GDP growth and found in its seventh volume of the Gold Investor that during expansionary periods, a good portion of investment demand for gold falls, but a part of it increases alongside long-term savings rates (which benefit from positive economic growth). Additionally, rising incomes boost jewelry (every 1 percent increase in global GDP lifts jewelry consumption by an average of 5 percent) and technological demand (every 1 percent increase in global GDP raised electronics’ demand for gold by 5.1 percent).
To get ahead, you need a 4-year college diploma. But oops, the student debt you’ll need to shoulder acts as a brake on getting ahead. And it turns out many of those who became debt-serfs to get a diploma actually end up in jobs that don’t require a college education.
One reality–soaring student loan debt and diminishing value of the product, a college diploma–and two contradictory stories.
Although the bill passed the House of Representatives by a massive 338-88 margin last week, it was unable to overcome concerns from Republicans about the process of letting telecom companies take responsibility about the collection data from the NSA.
Gold prices have rebounded today after ending yesterday down 0.3%, but appear to have run into some resistance at their 200-day moving average (1215). On the week, gold is down 0.7% and silver is marginally lower in dollars for the week but has eked out gains in euro terms. The biggest fall of the week was palladium, down just over 2%.
With fiscal policy off the table, and existing monetary tools exhausted, we propose that the government legislates to empower the Bank of England with the ability to make payments directly to the household sector – QE for the people. With this tool the Bank would be equipped to mitigate any sharp slowdown in the economy, caused by domestic or external factors, such as a deflationary shock from a Chinese or US recession, or a continued slump in the eurozone.
The shale boom has pushed U.S. oil production to the highest in more than 40 years and slashed the country’s reliance on imported fuel. The untapped resources are viewed by investors and lenders as a sign of a company’s growth potential, and helped the industry attract more than $230 billion in bonds, loans and share sales since the end of 2008.
As shown in the figure above, the battery’s high power density (1400 W/L) and good energy density (40 Wh/L) put it in the uniquely favorable position of combining a power density that is as high as that of current supercapacitors with an energy density on par with those of state-of-the-art redox flow batteries and lead-acid batteries, though slightly lower than that of lithium-ion batteries. This combination is especially attractive for electric vehicles, where the power density corresponds to top speed and the energy density to the vehicle’s range per charge.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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