Unless you believe in cosmic coincidences, the reason that ultranationalist movements have popped up, seemingly overnight, is straightforward: economies are stagnant and so people’s lives aren’t improving, . But what does that really mean? It means life has become governed by artificial scarcity. Middle and working classes are on the brink — because capitalism makes things artificially scarce, so that it can maximize profits. What things? Healthcare. Affordable education. A mortgage an average person can pay off in a lifetime. Decent jobs themselves. For young people, marriage, having kids, and homes of their own. When insulin costs thousands, though we all know it can and should cost pennies — that’s artificial scarcity.
International trade has been the single most important contributor to growth and hiring at Cummins for nearly two decades. Half of our business is outside the United States, and more than 20 percent of the 25,000 Cummins jobs in America are directly tied to international business. And when we are growing, it often means our suppliers are also growing.
Prepare for a Chinese Maxi-devaluation (thc0655)
They only import about $150 billion of U.S. exports. At the rate they’re going, they’ll run out of goods to impose tariffs on. Trump can keep going because the U.S. imports so much more from China than they buy from us.
But the Chinese are obsessed with not losing face. Chinese President Xi has just been named in effect dictator for life. He doesn’t want to start out his new dictatorial regime by backing down from a stare-fest with Donald Trump. So he needs another option.
Reflections on Media Gone Russia-Wild (Matt H.)
In the wacky aftermath of the Trump-Putin Helsinki summit debacle last week, Browder is back on the guest roster of a U.S. cable news establishment that has gone Russia wild. Last Wednesday night for just one example, MSNBC’s Russia-crazed ratings star Rachel Maddow leaped from (a) reporting a Sarah Huckabee-Sanders comment on how the Trump White House was discussing whether or not to honor Putin’s request to hand over McFaul and Browder to Russia (which would be a bizarre and astonishing development and was obviously never going to happen) to (b) telling ordinary Americans they could soon be at risk of being picked up by the White House and handed over to Russia to be killed by Putin (or “other foreign dictators”).
The Russian hackers familiarized themselves with how the facilities worked normally in order to “take the normal and make it abnormal” in order to cause disruptions, Homer said.
Homer added that the Russian’s goal was to disguise themselves as “the people who touch these systems on a daily basis.”
“We expect the global Li-ion industry to grow from 100 gigawatt hours of annual production to almost 800 gigawatt hours in 2027,” says Sam Jaffe, managing director of Cairn Energy Research Advisors, a battery consultancy. “That’s nearly an eightfold increase. Stationary storage will account for less than 8% of that. The vast majority will go into cars,” he adds.
The Regulation That Could Push Oil To $200 (Michael S.)
By 2020, diesel production will need to rise by at least seven percent, according to Philip K. Verleger, on top of the three percent increase needed for road transport and other uses. All of it will need to be low-sulfur. “It is not clear that the greater volumes can be produced,” Verleger wrote in his paper. “Instead…very large price hikes may be required to suppress non-maritime use.”
The mayor of Rafina, Vangelis Bournos told SKA that 1,000 homes had been destroyed by the ferocious blaze while later adding that he hopes the death toll would not reach “three digits”.
More than 22,000 people have been taken to hospital with heat stroke, nearly half of them elderly, officials say.
On Monday, the city of Kumagaya reported a temperature of 41.1C (106F), the highest ever recorded in Japan.
Methane Deathtrap Threatens Democracy (Cornelius999)
Climate scientists have long sighted methane (CH4) bubbles rising to the surface in the Arctic for well over one decade now, especially along the East Siberian Arctic Shelf (ESAS). Problem: Methane eruptions are gradually turning into virtual monsters, getting bigger and wider (up to a half-mile across of rippling bubbles, according to Russian scientists), and potentially more dangerous and destructive, expanding more and more, in anticipation of a gigantic CH4 burp (maybe 50 gigatons suddenly vs. only 5 gigatons now in the atmosphere) followed by a massive global self-reinforcing planetary heat stroke.
Gas supplies are expected to remain tight in Southern California this summer and winter due to reduced availability from SoCalGas’ Aliso Canyon storage facility in Los Angeles, following a massive leak between October 2015 and February 2016, and ongoing shutdowns of several pipelines.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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