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    Daily Digest 5/4 – NYC Adds Flood Evacuation Zones, Canada Wrestles With Bee-Killing Pesticides

    by DailyDigest

    Saturday, May 4, 2013, 3:24 PM

Economy

Housewives’ gold rush keeps price from falling (westcoastjan)

According to “Voice of China” radio program, one of this year’s most popular phrases may be “Chinese housewives” – as a major force which reportedly spent 100 billion yuan (US$16 billion) over the past two weeks purchasing 300 tons of gold and thus helping to sustain gold prices at US$1,468 an ounce.

China arrests after rat, mink and fox sold as mutton (westcoastjan)

More than 900 people have been arrested in China for selling fake or tainted meat in the last three months, state media say.

Officials say they uncovered almost 400 such cases and seized more than 20,000 tonnes of fake meat.

Video game league apologizes for Bitcoin scandal (westcoastjan)

ESEA said it has made sure all Bitcoin “mining” has stopped and is offering a free month of its premium membership to users who had a membership in April. It added that anyone who experienced “physical damage to their computer” as a result of the Bitcoin mining should open an ESEA support ticket.

Business Investment Rebounds Even as Recovery Drags (jdargis)

The accompanying charts cut the economy into three sectors, and show how each of them performed in comparable periods after the previous recessions, as well as this one. All start at the level during the quarter that the National Bureau of Economic Research determined the downturn ended. Together, the three exclude only two contributors to G.D.P. growth — changes in the trade balance and in business inventories.

Environment

Adding Evacuation Zones in Response to Hurricane (jdargis)

“Over all, the response was very strong,” said Caswell F. Holloway, the deputy mayor for operations, who oversaw the preparation of the report with Linda I. Gibbs, deputy mayor for health and human services. He said the point was to identify ways the city could do better, not to find fault.

“We were certainly not in a self-flagellation mode,” Mr. Holloway said.

Early Wildfire Drives Thousands From Homes in Southern California (jdargis)

Firefighters were confronting a troubling combination of bad factors that the state escaped in recent years, namely tinderbox conditions created by record-low rainfalls and brisk and fast-switching winds known as Santa Anas, infamously dry and hot.

Canada wrestles with bee-killing crop pesticides (westcoastjan)

Canadian government scientists have found evidence that neonicotinoid pesticides were linked to mass bee deaths during the spring corn planting in Ontario and Quebec in 2012, Health Canada’s Pest Management Regulatory Agency confirmed in a report.

Gold & Silver

Click to read the Gold & Silver Digest: 5/3/13

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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