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    Daily Digest 6/23 – Europe’s Tariffs Take Effect, How To Survive In A Warmer World

    by DailyDigest

    Saturday, June 23, 2018, 1:58 PM

Economy

Deleting Your Online DNA Data Is Brutally Difficult (Sparky1)

Your genetic code includes details about not only your own health and family, but also similarly intimate information about your relatives. When police recently used a genetic genealogy website to find a suspect in the case of the Golden State Killer, it illuminated the unexpected ways that your genetic data can be used by people you had no idea you were sharing it with.

Can U.S. Exporters Survive China’s Retaliatory Tariffs? (Thomas R.)

Trump’s tariffs, which were cheered by domestic steel and aluminum producers, were opposed by producers of finished products. Automakers, apparel and shoe manufacturers, which belong to this ilk, will be severely affected by the newly imposed import duties. And if this was not enough, China’s retaliatory tariffs on imports worth $3 billion will only make matters more difficult for a number of U.S. companies, whose revenues depend on bulk exports to China.

Take that, America. Europe’s tariffs take effect (Thomas R.)

The initial wave of EU retaliatory tariffs is aimed at American goods worth €2.8 billion ($3.2 billion). If the trade dispute continues or is not resolved by the WTO, the European Union could target a second batch of American exports worth around €3.7 billion ($4.3 billion).

America’s Debt Dependence Makes It An Easy Economic Target (Barnbuilder)

The Federal Reserve, once the No. 1 buyer of U.S. debt, has essentially declared it is cutting off support and has begun dumping assets from its balance sheet. The only assets the Fed seems to be maintaining are Mortgage Backed Securities (MBS). All others are being cut, including Treasuries. The American economy is inexorably attached to the idea of our Treasury debt as a safe investment, with our national debt spiking above $21 trillion and many trillions more owed to entitlement programs depending on how you calculate the expenditures, there is a vital need for steady foreign investment in U.S. debt.

The High Cost of Prescription Drugs in the United States (Thomas R.)

Drug companies will tell you immediately that their costs to research, develop and bring a drug to market are astronomical, and they have to cover those costs and make a profit to continue to stay in business and develop even more innovative prescription medications that will help save more lives. That’s a primary reason pharmaceutical companies will point to as a reason for escalating prices on all the medications they manufacture. And that’s true – to a degree.

The health care industry is bound to collapse soon, experts say (Thomas R.)

US health care spending is forecast to grow by an average 5.6 percent annually in the coming decade, according to a report by the Center for Medicare and Medicaid Services (CMS), a projection based on no changes out of Washington and in the Affordable Care Care through 2025. Meanwhile, national spending on health care is forecast to outpace US gross domestic product growth by 1.2 percent. CMS has estimated that spending will comprise 19.9 percent of GDP by 2025, up from 17.8 percent in 2015.

How a McDonald’s receipt crippled an elite drug-fighting team (Thomas R.)

The box should have helped investigators snag a drug trafficker. Instead, it netted a cop. It also exposed questionable practices by two other detectives and for 19 months sidelined a task force charged with interrupting a major drug pipeline during the nation’s worst drug crisis — blamed for more than 400 deaths in Louisville last year.

EU citizens will have to complete these three steps to stay in the UK after Brexit (Thomas R.)

Applications will be made online and the system will be rolled out on a trial basis from this summer. A wider rollout is planned by the end of the year and then a full rollout by March 2019. Android phone users will be able to complete their submissions using an app, a feature is not currently available on Apple iPhones. The government says it will give assistance to those without access to computers.

What The Supreme Court’s Internet Sales Tax Ruling Says About The State Of Retail (Thomas R.)

In the majority opinion written by Justice Anthony Kennedy, the Supreme Court said times have changed to such a degree that online retailers no longer qualify for “an arbitrary advantage over their competi­tors who collect state sales taxes” by claiming they don’t have a physical presence in a state.

Almost 1,000 People Injured, Killed in Terrorist Attacks By Refugees (Thomas R.)

Though only 32, or 16 percent, of those terrorist plots involved refugees or asylum seekers, 41 percent of all plots occurred in Germany. France was the second most targeted country, with Belgium and the United Kingdom trailing closely behind.

Over 100 Amazon employees, including senior software engineers, signed a letter asking Jeff Bezos to stop selling facial-recognition software to police (Thomas R.)

Last May, the American Civil Liberties Union reported that Amazon had “officially entered the surveillance business.” The ACLU said that it had seen Amazon’s marketing materials for Rekognition and that it had focused on selling the software to governments and police. The ACLU also wrote that Rekognition, powered by artificial intelligence, could in real time “identify, track and analyze” the faces of up to 100 people from a single image.

Why Gold’s Tumble Signals Confidence in U.S. Economy (Thomas R.)

Gold’s prolonged retreat comes after months of rangebound trading that followed three straight quarterly gains. The recent slump is causing some bullish investors to wonder whether the haven metal’s yearslong rebound might be coming to an end.

China’s plastic waste ban will leave 111 million tons of trash with nowhere to go (DennisC)

“You can screw up a lot of the global trade system just by stopping a few things — and the movement of trash is one of them,” says Daniel Hoornweg, associate professor of energy systems and nuclear science at the University of Ontario Institute of Technology, who was not involved in the research. “Plastic’s heavily embedded in our society.”

China Just Handed the World a 111-Million-Ton Trash Problem (Sparky1)

Everyone’s bottles, bags and food packages add up. Factories have churned out a cumulative 8.3 billion metric tons of new plastic as of 2017, the same Georgia team reported last year. Even 1 million metric tons, the scale that this material trafficks in every year, is hard to visualize in the abstract. It’s 621,000 Tesla Model 3s. It’s 39 million bushels of corn kernels. The world’s 700 million iPhones make up roughly a tenth of a million metric tons.

What Impact Does the Environment Have on Us? (Thomas R.)

Retailers and the hospitality industry know this very well and try to provide an atmosphere that creates a positive customer experience and offers three important attributes: comfort, safety, and entertainment. These attributes are equally important in healthcare as well.

How to Survive in a Warmer World (Thomas R.)

An estimated 10 billion people will inhabit that warmer world. Some will become climate refugees—moving away from areas where unbearable temperatures are the norm and where rising water has claimed homes. In most cases, however, policy experts foresee relatively small movement within a country’s borders. Most people—and communities, cities and nations—will adapt in place. Below the interactive panel we have highlighted roughly a dozen hotspots where climate change will disrupt humanity’s living conditions and livelihoods, along with the strategies those communities are adopting to prepare for such a future.

The 6 most pressing environmental issues—and what you can do to help solve them (Thomas R.)

More than four decades after the first Earth Day, there are still many environmental concerns for communities around the world to address; perhaps none so pressing as man-made climate change. But progress is being made, and it could be argued that awareness about environmental issues is at an all-time high. For this coming Earth Day we’re shining a light on the most pressing environmental concerns that affect us al, and showing what you can do to help restore ecological balance to this amazing place we call home.

River Eels Are Getting High on Cocaine and Humans Are to Blame (Thomas R.)

Scientists recently published a study on how illicit drugs affect eels, and found that cocaine in their environment could potentially affect their migration, and the survival of the species. They published their results in the journal Science of the Total Environment.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/21/18

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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