Beneath those political currents, there are also indications that Mr. Summers, now a professor at Harvard, and Ms. Yellen disagree about the central issue confronting the central bank: how much longer and how much harder to push for economic growth.
China shutters factories to fight price-cutting (westcoastjan)
Forecasters have repeatedly trimmed their growth outlook for China amid a drumbeat of data showing weakening growth in retail sales, factory output and other economic segments.
They could have taken their skills and commitment elsewhere, taken risks and pursued more adventurous jobs, sailed around the world or lived cheap on the beaches of Goa, or taken a flyer on a career as an actor or novelist. In other words, they could have lived like the grasshopper instead of the ant in the Aesop's Fable — making enough for a roof and entertainment week to week but never setting a penny aside for the long winter ahead.
How the Government Sneakily Pockets Your Pension (westcoastjan)
For those who are fortunate enough to have a defined benefit pension plan (the monthly pension amount is known) you have choices at retirement regarding the type and amount of pension you're going to receive. If death were to occur before the pension commences, your contributions, along with any investment gains, are refunded to your beneficiaries or estate. When you die after the pension payments have commenced, the continuation of those payments would depend on the option you chose at the onset of retirement. In almost all cases, the minimum amount guaranteed to be paid out is the total value of your contributions plus any investment gains.
Rural Irish defy EU restrictions on turf-cutting (westcoastjan)
The European Commission says operations like this are wiping out a unique habitat and that almost 40% of Ireland's bogs were destroyed between 1995 and 2012. Bogs continue to be degraded and destroyed at "an alarming rate", the Commission warns.
Mr. Rickards adds to it that chaos is not the end of the analysis. In other words, suppose the world will face a collapse it will undoubtedly result in rather draconian executive orders. We might end up in a form of a gold standard based on a gold backed SDR. A gold standard or an SDR standard are the two most likely outcomes of a collapse; a combination of both is also a realistic possibility.
Fracking uses water and chemical injections to force more oil from reservoirs. Both the Gas Technology Institute, a nonprofit research organization, and the federal Energy Department worked with Mr. Mitchell, giving him technical help and some financing. He also received federal tax credits.
The arrangement would cover exports from about 90 of approximately 140 Chinese exporters that were examined during the bloc’s investigation, and that represent about 60 percent of the panels sold in the Union, the bloc official said. Those 90 companies would no longer face tariffs that were put in place in June.
Gold & Silver
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."