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    Daily Digest 5/7 – The Future Of Work, Is This The Top For Oil Prices?

    by DailyDigest

    Thursday, May 7, 2015, 3:02 PM


Pentagon: No Texas takeover plot (Jason B.)

Some of the concerns are fueled by Internet posting of a map said to be made up for the exercise which shows Texas in bright red and lists it as “hostile” territory. The scenario for the exercise is that U.S. special operations forces travel to another continent which includes hostile nations and work with rebel underground freedom fighters there.

The New Corrupt Elite Running Our Economy (Don R.)

Talking about old systems of power and corruption doesn’t begin to capture new realities.

Why Scientific American’s Predictions from 10 Years Ago Were So Wrong (jdargis)

We can’t very well time travel to the future for those answers, but we can look backward. I recently dig up the 2005 December issue of Scientific American and went entry by entry through the Scientific American 50, a list of the most important trends in science that year. I chose 2005 because 10 years seemed recent enough for continuity between scientific questions then and now but also long enough ago for actual progress. More importantly, I chose Scientific American because the magazine publishes sober assessments of science, often by scientists themselves. (Read: It can be a little boring, but it’s generally accurate.) But I also trusted it not to pick obviously frivolous and clickbaity things.

What Hollywood Can Teach Us About the Future of Work (jdargis)

With the Hollywood model, ad hoc teams carry out projects that are large and complex, requiring many different people with complementary skills. The Hollywood model is now used to build bridges, design apps or start restaurants. Many cosmetics companies assemble a temporary team of aestheticians and technical experts to develop new products, then hand off the actual production to a factory, which does have long-­term employees. (The big studios, actually, work the same way: While the production of the movie is done by temps, marketing and distribution are typically handled by professionals with long-­term jobs.)

Two Premises on Poverty and Culture (jdargis)

These two realities, taken together, do not necessarily point toward either a left-wing or a right-wing diagnosis of our situation. You can acknowledge both realities and believe that the key issues are all economic, that the welfare state just needed to be even stronger still (and various other economic policies more worker-friendly) to make up for the devastating impact of global capitalism on wages and job security and the devastating social impact of rising inequality. Or you can acknowledge both and believe that the programs themselves are often part of the problem, that they raise incomes but also increase dependency, encourage idleness, crowd out the basic institutions of civil society, and so on through the libertarian critique.

‘Food Babe,’ Dr. Oz under fire as accusations of quackery mount against nutrition gurus (westcoastjan)

Oz, who is vice-chairman and professor of surgery at Columbia University College of Physicians and Surgeons, has defended his endorsement of weight-loss products — saying his show provides “multiple points of view” including his own, and that his own views are offered “without conflict of interest.”

Is This The Top For Oil Prices For Now? (Tom K.)

Devon Energy (DVN) raised production some 5% while Pioneer Resources (PXD) hinted that, if prices recover, they may add 2 rigs starting in July 2015 and, in their words, production in 2016 could return to double digits. If you are expecting oil to cover above $70, we caution you on such expectations at least in the shorter term.

What Alberta’s shocking election results could mean for the oil sands (jdargis)

A more substantive reason for the attention, though, has to do with energy. Canada is the world’s fifth-largest oil producer, with about 78 percent produced in Alberta. Four-fifths of that comes from the province’s vast oil sands — the root of the endless controversy over the Keystone XL pipeline in the United States. The recent increase in Alberta’s oil-sands production has also been a big factor pushing down global oil prices.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/6/15

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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  • Thu, May 07, 2015 - 3:41pm



    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    Illinois governor says no bailout for Chicago


    1. Puerto Rico Furloughs Coming Before Bond Payment, Lawmaker Says
    2. Power Problems: Puerto Rico's Electric Utility Faces Crippling Debt
    3. EU, U.S. derivatives talks inconclusive, hope for deal by summer ("$630 trillion ")
    4. Japan’s monetary base rose 35.6% to another record in April
    5. Venezuela International Reserves Tumble Through $19 Billion to New 12 Year Low
    6. Illinois governor says no bailout for Chicago
    7. No easy fix for KPERS unfunded liability, lawmakers are told (Kansas)
    8. PERS: The new math on state pension fund after court rejects reform (Oregon)

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  • Thu, May 07, 2015 - 3:49pm



    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225


    New crisis possible, but not like 2008: Geithner

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  • Thu, May 07, 2015 - 3:59pm



    Status Platinum Member (Offline)

    Joined: Jun 08 2011

    Posts: 2225

    From my local bank - kinda creepy

    Just watch out for your revolving credit balance…

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  • Thu, May 07, 2015 - 4:02pm

    Reply to #3
    robie robinson

    robie robinson

    Status Gold Member (Offline)

    Joined: Aug 25 2009

    Posts: 857

    I don't think

    he looks like Frodo at all. Samwise, Bilbo, maybe?

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  • Thu, May 07, 2015 - 5:10pm

    Reply to #2

    Bankers Slave

    Status Silver Member (Offline)

    Joined: Jul 26 2012

    Posts: 513

    New crisis

    possible, but not like 2008: Says unaccountable establishment mouthpiece.


    There sorted that out for you!

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  • Thu, May 07, 2015 - 5:45pm


    Mark Cochrane

    Status Platinum Member (Offline)

    Joined: May 24 2011

    Posts: 1189

    The Titans of finance speak

    The Titans of finance speak…

    Former Treasury Secretary Tim Geithner said Thursday that a financial crisis will happen again at some point, but the structural reforms undertaken after 2008 can serve to mitigate the damage.

    The U.S. economy now is a more stable, resilient, and stronger economy than before the 2008 financial crisis, Geithner said in an interview with CNBC's " Squawk Box . (link)


    Jamie Dimon, the chief executive of JP Morgan, warned in April that tougher bank regulation meant the next financial crisis would trigger more market volatility, as capital rules made it too costly for banks hold large stocks of securities to trade. (link)

    Personally I think that they both are full of what they are shoveling. Chances are that they are both wrong. The 'reforms' haven't really reformed anything and they certainly won't be the cause for the coming volatility. Yet in the mindless world where market directions hang on the semantics of parsing every word the Fed does or doesn't say or print, why should anyone be concerned about the cognitive dissonance that Geitner and Dimon have on display? Perhaps Clinton said it best when he quipped "It depends on what the meaning of 'is' is". The financial world spins on this level all day every day. This is market speak for whatever we want it to mean…


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  • Thu, May 07, 2015 - 8:28pm



    Status Member (Offline)

    Joined: Jun 18 2009

    Posts: 22

    About Doctor Oz...

    (NaturalNews) Dr. Oz should be given a Congressional medal of some kind for his willingness to expose the truth about glyphosate on national television. In a recent episode that went viral, Dr. Oz discussed the toxicity of the biotech industry's favorite pesticide "glyphosate" — a dangerous chemical that even the World Health Organization now admits likely causes cancer.

    In response to this episode, the so-called "Monsanto Mafia" went berserk with all their usual character assassination tactics, and now they've come up with a contrived plot — a campaign of intimidation and character smearing — to try to silence Dr. Oz by destroying his credibility.

    A letter signed by ten doctors — all of whom have financial ties to industry — calls for Columbia University to force Dr. Oz to resign from the university's Department of Surgery. This letter is a tremendously educational exhibit of the mafia tactics used by the biotech industry, as it essentially claims Dr. Oz has lost his mind and is now endangering the public. "Whatever the nature of his pathology, members of the public are being misled and endangered, which makes Dr. Oz's presence on the faculty of a prestigious medical institution unacceptable," the letter reads.

    Of course, all the people who signed this letter have no qualms whatsoever with farmers spraying thousands of tons of cancer-causing glyphosate herbicide chemicals on all the foods we eat. That's perfectly acceptable to them and poses "no danger," they claim. It is Dr. Oz and his crazy, wild, irresponsible advice that people should eat wholesome foods and take charge of their own health that's now deemed a threat in this society… a society dominated by the financial interests of biotech and pharmaceutical corporations that profit from sickness and disease.

    The real sickness, however, is found in the fact that these "Monsanto Mafia" operatives are given any credibility at all by the media. It doesn't take much poking around into their backgrounds to find out they're actually a gang of industry-funded junk science egomaniacs and hucksters.

    Learn more:

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