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    Daily Digest 8/27 – Fukushima Groundwater Operation Ineffective, Healthcare Premiums Expected To Rise

    by saxplayer00o1

    Wednesday, August 27, 2014, 1:58 PM


Fukushima groundwater bypass operation ineffective: Tepco

Tepco, however, said Monday it is expected to take several more months before the intended effects will be seen.
“The amount of groundwater flowing into the basements has not decreased markedly,” senior official Isao Shirai said at a news conference.

Tepco claimed about a month ago that the effects would be visible in just one or two months.

Thyroid cancer diagnosed in 104 young people in Fukushima

Experts are divided over whether the cases of thyroid gland cancer diagnosed or suspected in the 104 young people should be linked to the 2011 nuclear accident.

In connection with the 1986 Chernobyl disaster, the number of young people diagnosed with thyroid cancer rose only after four years. The cancer is also known to develop slowly.

China Will Need Stimulus to Hit 7.5% Growth Target, KC Fed Paper Says

A sputtering housing market threatens China’s economic outlook and would probably force the central bank and local governments to intervene if they want to hit the country’s 7.5% economic growth target for this year, according to research from the Federal Reserve Bank of Kansas City.

Putin Warns on Ukraine Pursuing Closer Ties With West

Mr. Putin said that a trade agreement between Kiev and Europe will flood the Ukrainian market with European goods, which may then find their way into Russia.

“In this situation Russia can not stand idle. And we will be prompted, I want to highlight this, will be prompted to take retaliatory measures, to protect our market,” Mr. Putin said.

Argentine black-market peso falls to new low despite rate rise

Argentina’s peso ARSB= fell on Tuesday to a new record low of 14.05 per dollar on the black market despite a decision this week by the central bank to hike interest rates to ease pressure on the currency, traders said.

Arizona’s Obamacare health plan premiums expected to rise

Premiums for individual health plans on Arizona’s insurance marketplace are expected to increase by 11 percent, according to a new report.

Health care costs will spike for Birmingham retirees unless council acts Tuesday

Retired firefighters and police officers stand to see their health insurance premiums jump so much that it may eat up half of their pensions, according to Baker.

Affordable Care Act drafting error could strip health care subsidy from thousands in Wisconsin

Kraig added if millions of people are suddenly stripped of health care subsidies, the cost of their monthly premiums will double or triple.

White House Won’t Comment On Burger King-Tim Hortons Deal

Burger King has agreed to buy Tim Hortons for $11 billion, a deal that would move the U.S. company to Canada through a so-called inversion that could eventually lower its tax bill. The White House has in recent weeks blasted a number of companies, though not by name, for pursuing the inversion deals.

The Burger King deal is slightly different than past mergers, in part because it is being partially financed by billionaire investor Warren Buffett, who President Barack Obama has lauded for calling on wealthy Americans and companies to avoid excessive tax breaks.

Euro zone yields turn negative on Draghi hopes

For the first time, yields on several euro zone sovereign bonds turned negative-meaning that investors are effectively paying to governments to hold their money.

Finnish, Dutch, Belgian and Austrian 2-year bond yields all turned negative for the first time this week, hitting record lows. German 2-year Schatz (Germany:DE2Y-DE) and 3-year Bunds (Germany:DE3Y-DE) also yielded under 0 percent.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/26/14

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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