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    Daily Digest 6/9 – War Gear Goes To Police, Japan Seeks to Squelch Its Tiny Cars

    by DailyDigest

    Monday, June 9, 2014, 2:11 PM

Economy

No 'Sell in May and Go Away' this year for Either Bulls or Bears (Adam)

Where the stock market to date is concerned, even before the month of May began the mantra of 'Sell in May and Go Away' had built up to a crescendo by the blogosfear that always sees a trend, any trend be it bull or bear as always IMMINENTLY TERMINATING, instead the stock market has climbed its way to a series of new all time highs the most recent of which was Monday's Dow close at 16,743 with yesterdays just 6 points shy of breaking to a another new high of 16,737 and the S&P's yesterday new high close of 1928.

The life and death of a master of the universe (jdargis)

"What makes the whole thing sad is that in some ways he's emblematic of an emerging type of business person who understands that with power and wealth comes responsibility," said Michael Santoro, an expert on business ethics at Rutgers Business School. "He was a model of what we want business people to be like. But make no mistake about it—the kind of criticism [he was facing] is inevitable when we live in a world where we're expecting business to solve the problems that governments are supposed to."

In Texarkana, Uninsured and on the Wrong Side of a State Line (jdargis)

But none of the low-income Texarkana residents interviewed realized that moving to the other side of town might mean a Medicaid card. In fact, health researchers and those who work with the poor expect very few Americans to move between states to take advantage of the law.

War Gear Flows to Police Departments (jdargis)

The equipment has been added to the armories of police departments that already look and act like military units. Police SWAT teams are now deployed tens of thousands of times each year, increasingly for routine jobs. Masked, heavily armed police officers in Louisiana raided a nightclub in 2006 as part of a liquor inspection. In Florida in 2010, officers in SWAT gear and with guns drawn carried out raids on barbershops that mostly led only to charges of “barbering without a license.”

World Needs Record Saudi Oil Supply as OPEC Convenes (jdargis)

Even as the North American shale revolution propels U.S. production to a three-decade peak, supply in other parts of the world is faltering. A battle for political control in Libya, pipeline attacks in Iraq and prolonged sanctions against Iran are preventing those nations from reviving output. While U.S. crude inventories rose to a record in April, restrictions on exports are keeping those supplies in the country, tempering forecasts that global oil prices will decline this year.

World first: Australian solar plant has generated “supercritical” steam that rivals fossil fuels’ (Wendy SD)

This supercritical steam is used to drive the world’s most advanced power plant turbines, but previously it’s only been possible to produce it by burning fossil fuels such as coal or gas.

"Instead of relying on burning fossil fuels to produce supercritical steam, this breakthrough demonstrates that the power plants of the future could instead be using the free, zero emission energy of the sun to achieve the same result,” Dr Wonhas explained.

Peak Pollution: China to Lead the Clean Energy Revolution (James S.)

City-dwelling Chinese may still be choking on smog, but amid all the haze, China may turning a corner in its fight on pollution. Top Chinese officials have hinted at the fact that China is working hard to achieve “peak” greenhouse gas emissions, which may come sooner than observers expect.

Japan Seeks to Squelch Its Tiny Cars (jdargis)

But industry and government officials are increasingly worried that these microvehicles have become a distraction for the nation’s automakers — still bastions of the Japanese economy — and are moving to wean drivers off them. In April the government took what its critics charged was a hard-line route. Kei drivers were hit with a triple whammy of a higher sales tax, higher gasoline tax and higher kei car tax, the last of which the government raised by 50 percent, sharply narrowing their tax difference with regular-size vehicles.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/6/14

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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