Modern politics: all crisis and no solution? (Arthur Robey)
Politics has long known that crisis is so powerful that when absent it is sometimes necessary to invent it. At the very least politicians are ever-eager to invent issues that to the uninitiated may appear simply as challenges with the full heat of imminent calamity. There is skill in that execution, but the full package has always been to manufacture both urgent anxiety and the companion sense that you alone of all the options available are uniquely placed to offer solutions.
First, it takes a lot of patience to be contrarian. You also need to have a lot of discipline. Probably more important than anything else, you need sticky investors. That’s the hardest thing to get on the planet right now, an investor willing to stick it out.
Contrarian investors have to have the stomach to buy when the market is in the midst of a violent selloff, and they have to have the wherewithal to ride the volatility of the storm.
Gold, Greece And The War On Cash (Taki T.)
Whether or not Greece defaults on its debt and leaves the EU is at the top of the news nearly every day. Rory disagrees with me, but from my point of view the ECB will, at the end of the day, ensure that Greece does not default and remains in the EU. Claudio agrees with me, but sees it more as a function of the west’s move to implement more centralized control of the western economic, financial and political systems. Letting Greece go would undermine this effort.
Read This Before June 11 (jdargis)
One idea is to codify labeling practices nationally and replacing “use by” or “sell by” dates on fresh products with “freshest before.” To ensure that consumers understand that this is not an expiration date, retailers could post signs in their fresh-food sections. It would also help if the placement of labels were standardized, so consumers didn’t have to hunt around on the package to find them. Consumers should also know that many foods past their freshness dates can safely be frozen.
The water is a costly headache for well operators because it comes up loaded with salts and contaminants, as well as some of the chemicals that are added to the fracking fluid. It’s not stuff that public wastewater treatment plants can handle very well, so it’s rarely sent that route anymore. Recycling is on the rise, but according to a 2007 EPA survey, 98 percent of this water was being disposed of using deep injection wells drilled into briney aquifers. Pennsylvania has been the exception to the rule, simply because there aren’t many of these deep injection wells available, and trucking the water to, say, Ohio is expensive.
The spike is largely the result of the fund’s downstream activity in Asia, where coal has gained some ground after years of high natural gas prices. In China and Japan, coal investments increased 32 percent and 21 percent respectively. In India, the fund withdrew from 13 coal companies, though it reinvested some $50 million dollars into Reliance Group – one of Asia’s biggest developers of coal-fired power. In all – and in these three countries – planned expansions in which the NGPFG holds shares amount to more than 160,000 megawatts of additional coal-fired capacity.
HTT is a research company that was founded soon after Musk’s original Hyperloop thesis was published in 2013. The structure of HTT is somewhat interesting: it has employees, but it also uses crowdsourced engineering talent from across the US that is being paid in stock options. The CEO is a guy called Dirk Ahlborn, who founded JumpStartFund—an online platform that facilitates with building crowd-powered projects; basically, he took his own service and used it to build HTT.
Climate Change Shortens Growing Seasons (jdargis)
The researchers identified the range of temperatures, water supply, and sunlight under which plants grow around the globe. They then calculated the number of days per year that would fall within these thresholds of suitable growing conditions under three climate change projections—one in which strong carbon emission mitigation strategies are adopted, another with moderate mitigation strategies, and a “business-as-usual” scenario in which emissions continue at the current rate through the end of the 21st century.
Gold & Silver
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