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    Daily Digest 7/17 – The $247T Global Debt Bomb, Cyber Threat Warnings ‘Blinking Red’

    by DailyDigest

    Tuesday, July 17, 2018, 3:14 PM


The $247 trillion global debt bomb (Thomas R.)

Note that the danger is worldwide. It’s not specific to the United States. In a new report, the Institute of International Finance (IIF), an industry research and advocacy group, says the debts of some “emerging market” countries (Turkey, South Africa, Brazil, Argentina) seem vulnerable to rollover risk: the inability to replace expiring loans. In 2018 and 2019, about $1 trillion of dollar-denominated emerging-market debt is maturing, the IIF says.

Netflix plummets after missing big on subscriber growth (Adam)

Some analysts were worried the company could not sustain its share price growth, which is over 100 percent year-to-date. They also raised concerns as competitors like Amazon ramp up their streaming efforts, while others like Disney and AT&T are prepared to invest in more digital content. Netflix is expected to spend up to $8 billion this year on 700 original series.

It’s Time to Give Up on Britain’s National Health Service (thc0655)

Where free-at-the-point-of-entry resources are limited older patients are viewed as a drag on the system – especially since they require the most frequent care which costs much more. The average 65-year-old costs the NHS 2.5 times more than the average 30-year-old. An 85-year-old costs more than five times as much.13 Although a third of all diagnosed cancers in the UK are found in patients seventy-five and over, only one in fifty lung cancer patients over seventy-five receives surgery, and the NHS does not even provide cancer screening to patients over the age of sixty-five.14

Sexual Assault Inside ICE Detention: 2 Survivors Tell Their Stories (jdargis)

In 2014, a 19-year-old asylum seeker, “E.D.,” was staying in a family detention center in Pennsylvania with her 3-year-old son. A few months into her seven-month stay, she was sexually assaulted by a male guard. “I didn’t know how to refuse because he told me that I was going to be deported,” she said. “I was at a jail and he was a migration officer. It’s like they order you to do something and you have to do it.”

Florida is one of the best places to retire in America — here’s exactly how much it costs for a dream retirement in the Sunshine State (Thomas R.)

Florida lives up to its stereotype as a popular home for retirees, but how much you need to save to retire in the Sunshine State depends on what city you settle down in. Adam helped us estimate how much money a hypothetical 65-year-old couple, James and Ruth, would need to retire comfortably in three major Florida cities with different costs of living: Jacksonville, Orlando, and Boca Raton, ranging from least expensive to most expensive.

Intel Official: Cyber Threat Warnings ‘Blinking Red’ (tmn)

Coats spoke at Hudson Institute, a Washington think tank, shortly after the Justice Department indicted 12 Russian intelligence officers accused of hacking into Democratic email accounts during the 2016 U.S. presidential election and releasing stolen information in the months before Americans headed to the polls.

U.K. Poisoning Inquiry Turns to Russian Agency in Mueller Indictments (tmn)

British officials are now closing in on identifying the individuals they believe carried out the operation, said the former American official. At the same time, investigators have not ruled out the possibility that another Russian intelligence agency, or a privatized spinoff, could be responsible.

Gazprom’s Next Giant Gas Field (Michael S.)

The Kharasaveyskoye gas field lies north of Bovanenkovskoye, mostly onshore in the Yamal Peninsula and partly offshore in the basin of the Kara Sea, and is estimated to have 2 trillion cubic meters of gas reserves. Gazprom plans to build a gas pipeline of around 62 miles (100 kilometers) from Kharasaveyskoye to the Bovanenkovskoye field. It will then feed the gas into Russia’s Unified Gas Supply System. The company is already conducting design works to expand the capacities of the northern gas transmission corridor, Gazprom said.

Scientists Have Found a Quadrillion Tonnes of Diamonds Lurking Deep Beneath Earth’s Surface (Adam)

Sound waves travel at different speeds depending on the composition, temperature, and density of the rocks and minerals they travel through, giving scientists a method to estimate what types of rocks are below the Earth’s surface by comparing the velocities of these sound waves, according to MIT.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/16/18

Provided daily by the Peak Prosperity Gold & Silver Group

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