• Daily Digest
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    Daily Digest 8/28 – Good News Friday: Breaking The Mold, China Reduces Emissions 4 Months

    by DailyDigest

    Friday, August 28, 2015, 2:14 PM

Economy

Breaking The Mold (jdargis)

In her latest book, DePaulo continues to examine lifestyles that don’t quite fit cultural norms. For How We Live Now: Redefining Home and Family in the 21st Century, she traveled around the United States, looking at alternative—that is, non-nuclear—ways of living.

The happiest (and least happy) countries in the world, ranked (jdargis)

The world’s positive experience index average for 2014 was 71/100—the same as 2013, and just about what it’s been since 2006.

Carbon Fiber Cloth Can Generate Hydrogen (Wendy SD)

Splitting water can yield clean-burning hydrogen fuel, but catalysts that generate hydrogen are often expensive, and unstable in water. Now a team from Singapore and Taiwan have shown that carbon fiber cloths coated in inexpensive catalysts can generate hydrogen, and perform not only in water but in seawater as well. The researchers detailed their findings online August 21 in the journal Science Advances.

Wireless electricity: Scientists send energy 55 meters away through air (Arthur Robey)

The International Space Station and other satellites have been able to collect solar energy and use it for maintaining work. The main benefit of solar power generation in space instead of Earth is the permanent availability of energy regardless the weather conditions or the time of the day.

JAXA has been working for years on the Space Solar Power Systems project (SSPS) which envisages a space-based solar power plant that generates energy by collecting sunlight in geostationary orbit.

China’s jaw-dropping progress at reducing CO2 emissions in just 4 months (Arthur Robey)

But China, historically, has been very resistant to others telling it what to do, due to a huge reliance on outdated methods of energy generation. This appears to be changing, with President Xi Jinping’s and Indian Prime Minister Nadendra Modi’s public calls for developing countries to commit to cutting carbon emissions and a pledge to help others to do so.

South African prototype may solve solar power problem (Arthur Robey)

Beginning their work in April 2014, the Helio100 team came up with a much smaller heliostat made of six triangular mirrors that does not need a concrete foundation. They’ve also devised wireless, smart positioning technology that ensures the beam of light is always on target.

This compact construction, makes it “plonkable,” said Bode, meaning it can be plonked down, without only two people needed to set it up.

Is This The Beginning Of A Longer Oil Price Rally? (Tom K.)


Across the pond, here in the US we saw jobless claims dip for the first week in five, coming in at 271k (versus 274k expected); good news. Further good news has arrived via an updated print for US GDP for the second quarter, which showed economic growth of 3.7% QoQ, above both consensus of +3.2% and the initial print of +2.3%.

Why a Left-Wing Socialist Is Poised to Become the Leader of Britain’s Labour Party (jdargis)

And, of course, there is the question of “electability.” As Bernie Sanders has shown, electability is a moving target: get enough votes to win the nomination, and you’re electable. Besides, anyone arguing that the trio of lackluster apparatchiks who have been rapidly outshone by Corbyn would be more “electable” if they were only facing a Tory opponent (overwhelmingly backed by the British media) instead of a rumpled, bearded, teetotal Marxist vegetarian obviously has an idiosyncratic understanding of the word.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/27/15

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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15 Comments

  • Fri, Aug 28, 2015 - 3:39pm

    #1

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2935

    World is still hooked on cheap money

    World is still hooked on cheap money

    CNNMoneyAug 27, 2015
    Central banks in Canada, India, Australia, and Norway have cut interest rates this year and most of those countries are expected to ease further. Rates in …
     

    Reflation threat to bonds as money supply catches fire in Europe

    Telegraph.co.uk3 hours ago
    Eurozone money supply is surging at a blistering pace as stimulus gains traction, signalling a powerful economic recovery over coming months and raising the …

    This is why BOJ will have to turn on stimulus taps again

    CNBC13 hours ago
    Mr. Kuroda has to be a cheerleader for the economy and for achieving his target," he said. "You wouldn't look to Mr. Kuroda for your forecasts, you'd look to him …

    Fed's Kocherlakota Says Open To More Stimulus Measures

    Wall Street Journal59 minutes ago
    Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he'd likely support additional stimulus measures from the U.S. central bank …

    German Bonds Rise as Disinflation Seen Extending ECB's QE

    Bloomberg6 hours ago
    German bonds stayed higher after a report showed consumer prices in Spain … Yields on Europe's benchmark sovereign securities will end the year at 0.9 …

    Asian Rate-Cut Bets Swell on Yuan Devaluation in Boost for Bonds

    Bloomberg13 hours ago
    Most Asian bond markets are rallying as China's yuan devaluation helps contain inflation and gives central banks room to lower borrowing costs. Local-currency …
     

    UPDATE 1-Brazil central govt posts $2 bln primary budget deficit in

    Reuters20 hours ago
    The central government account covers federal ministries, the central bank and … The 2015 central government primary surplus target was cut last month to 5.8 …
     

    UPDATE 2-Brazil budget deficit widens in July, jeopardizes fiscal goal

    Reuters27 minutes ago
    (Adds federal tax and overall budget deficit figures, analyst comment) … Brazil posted a public sector primary budget deficit of 10.02 billion reais ($2.81 billion) in …

    Worst Brazil Quarter of 2015 Worse Than Economists Forecast

    Bloomberg1 hour ago
    In July the central bank raised the benchmark Selic rate for the seventh straight time, to 14.25 percent, and signaled that maintaining that rate for a prolonged …
     

    Brazil's economy enters recession

    BBC News2 hours ago
    Brazil has entered recession after official figures showed the country's economy contracted by 1.9% between April and June compared with the previous three …
     

    Ruble Pain Threshold Seen Higher as Oil Slump Ravages Economy

    Bloomberg8 hours ago
    The Bank of Russia is becoming more comfortable with a weaker ruble as sinking oil prices take their toll on the world's largest energy exporter, economists said …
     

    Korean Government, BOK to Stabilize Corporate Bond Market Worth

    BusinessKorea12 hours ago
    The South Korean government and the Bank of Korea (BOK) will operate a program to stabilize the corporate bond market worth 1 trillion won (US$847.46 …
     

    China Will Respond Too Late to Avoid Recession, Citigroup Says

    Bloomberg9 hours ago
    The boom and bust in the Shanghai Composite Index, which more than doubled in about a year before a selloff erased $5 trillion in market value in two months, …
     

    Puerto Rico Spends More Than $60 Million on Debt Restructuring

    Bloomberg4 hours ago
    Cleary Gottlieb, which has advised Argentina and Greece in sovereigndebt negotiations, is set to receive the largest payments. The New-York based law firm …

     

    Taiwan's manufacturing sector output forecast to shrink in 2015

    Focus Taiwan News Channel8 hours ago
    Revising its earlier forecast of a 0.86 percent annual increase, the IEK said Thursday that the sector's output will fall 1.74 percent to NT$18.66 trillion (US$580 …

     

    China's stimulus measures give stocks a boost

    Los Angeles Times5 hours ago
    Asian stocks rose Friday, as Thursday gains in China's stock market and a rally in the U.S. eased concerns that China's slumping economy would seriously …
     

    China's Banks Face Worst Year in Over a Decade

    Wall Street Journal – ‎8 hours ago‎
    The first-half reports show banks have been scrambling to throw out bad debt. ICBC wrote off 31.3 billion yuan of bad loans, more than double 12.7 billion yuan of a year earlier. AgBank's write-offs reached 15.4 billion yuan in the period, from 11.8
     

    Bank of China's Bad-Loan Buffer Sinks Closer to Minimum Allowed

    Bloomberg – ‎4 hours ago‎
    Net income at Beijing-based Bank of China rose to 44.9 billion yuan ($7 billion) in the three months ended June 30, according to Friday's statement. Its soured debt rose 24 percent from the beginning of the year to 125 billion yuan as of June 30.

    Illinois lottery winners have to wait for payout due to budget impasse

    Chicago Tribune8 minutes ago
    By Matthew Walberg Chicago Tribunecontact the reporter … But because Illinois lawmakers have not passed a budget, she and her boyfriend, Danny Chasteen, …

     

    China stocks surge amid suspected government buying

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  • Fri, Aug 28, 2015 - 3:40pm

    Reply to #1
    DennisC

    DennisC

    Status Bronze Member (Offline)

    Joined: Mar 19 2011

    Posts: 101

    Gol Dang Cash Hoarders

     

    Scapegoat anyone?  Gone to the bank recently to get some cash?  Tisk tisk.   You are apparently going to be considered part of the problem at some point (according to the author of the piece referenced).  I just love this stuff!

    http://www.infowars.com/financial-times-calls-for-abolishing-cash/

    The Financial Times has published an anonymous article which calls for the abolition of cash in order to give central banks and governments more power.

    Entitled The case for retiring another ‘barbarous relic’, the article laments the fact that people are stockpiling cash in anticipation of another economic collapse, a factor which is causing, “a lot of distortion to the economic system.”

    “The existence of cash — a bearer instrument with a zero interest rate — limits central banks’ ability to stimulate a depressed economy. The worry is that people will change their deposits for cash if a central bank moves rates into negative territory,” states the article.

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  • Fri, Aug 28, 2015 - 4:52pm

    Reply to #1
    Doug

    Doug

    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1360

    Hmm

    Boy, that's a real poser.  Who does the economy exist for, the central bankers or average people?  I mean, I sorta like people, but I so enjoy being screwed by the Fed.

    But then, I also enjoy distorting the economic system with my barbarous relics.  Can they be thought of as barbarian hoards?  Perhaps the economic ptb would benefit from close contact with barbarian hoards or is that hordes?  I wonder if they are homonymous on purpose.

    Idle musings.

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  • Fri, Aug 28, 2015 - 5:02pm

    Reply to #1
    DennisC

    DennisC

    Status Bronze Member (Offline)

    Joined: Mar 19 2011

    Posts: 101

    Regardless of Homonymy

    Perhaps the term "barbarian hoaders" would work?

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  • Fri, Aug 28, 2015 - 6:05pm

    #2

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1439

    Molon Labe!

    OK.  I already knew They were going to come for my guns. Now They're coming for my cash too?!

    MOLON LABE !  (Come and get it!)  https://en.wikipedia.org/wiki/Molon_labe

    https://www.youtube.com/watch?v=NqXNDFtWkuo

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  • Fri, Aug 28, 2015 - 6:45pm

    #3

    thc0655

    Status Platinum Member (Offline)

    Joined: Apr 27 2010

    Posts: 1439

    More MSM playing loose with facts to fit "The Narrative" (TM)

    http://pjmedia.com/tatler/2015/08/28/when-will-abc-release-full-vester-flanagan-manifesto/

    Two days ago, ABC News reported that Vester Flanagan, the murderer of two WDBJ employees, sent a 23-page faxed manifesto to ABC News.  ABC reported bits and pieces of the manifesto.

    Yet we still haven’t seen the full document.  ABC hasn’t made it available. Why?

    John Nolte and others have been busy hammering away at the racial hypocrisy of many in the media after treating Flanagan’s crimes very differently from Dylann Roof’s.  Unquestionably, they were both racially motivated.  But you’d never know that from reading the headlines in the Washington Post or other mouthpieces that enable the (one way) racial grievance industry.

    Capture

    Some of them are particularly dishonest brokers when it comes to reporting on the racist motives of evil wrongdoers.  Nolte:

    A CBS report never mentioned the shooter’s racial comments at all. The piece did tiptoe around the shooter’s problems with race in two paragraphs, but never actually stated his race rhetoric seen in the explicit terms revealed in his manifesto.

    Then, a piece in the Chicago Tribune called the killer “off kilter” and “bizarre” but steered clear of fully reporting on his racist ideas.

    One reporter, The Washington Post’s Dave Weigel, even took to Twitter to wring his hands over the reporting of Flanagan’s racist manifesto, saying to Breitbart’s John Nolte, “Do you worry at all that the ‘race war’ story does what the killer wanted?”

    To be sure, Weigel was far less worried about stirring racial strife when he wrote a Bloomberg piece dissecting the racial motives of Charleston killer Dylann Roof.

    It’s understandable, perhaps, that some of them simply lack the courage to confront evil motives in whatever color they come.  Others have been conditioned to believe that racial wrongdoing is a one-way street.  The worst are handmaidens of the ethnic front groups who view racial strife as the means to power and cash.  But no race is free from racially motivated bad actors.

    Until ABC News releases the full text of Flanagan’s hate manifesto, the public won’t get the full story of what motivated and animated him.  Perhaps that provides a clue as to what might be in it and why ABC News, so far, has decided to hide the manifesto.

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  • Fri, Aug 28, 2015 - 8:12pm

    #4

    Chris Martenson

    Status Platinum Member (Offline)

    Joined: Jun 07 2007

    Posts: 4513

    I am constantly wondering...

    Exactly how many of these mass shooters are on, were on, or recently came off of being on legal psychoactive drugs, and especially the SSRI inhbitors?

    Is it more or less than we'd statistically expect?  Seems important somehow given that we're actively (and legally!) modifying the normal emotional reactions of tens of millions of individuals…

    Or how about suicides?  How many of those people fit the same pharmacological criteria?

    Just wondering…

     

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  • Fri, Aug 28, 2015 - 8:39pm

    Reply to #4

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Environmental insanity.

    As you pointed out some time ago and which is becoming common knowledge, or gut biome controls our brains via the vagus nerve. 

    Here is my incomplete list of gut disruption agents.  Chlorine,  weed killer and  fluorine. The Romans added but one element into their diet ,lead, and it was supposed to have affected the general population's IQ level. What have we gaily added to our environment? 

    Here is an article on the subject.

    https://www.psychologytoday.com/blog/the-athletes-way/201405/how-does-the-vagus-nerve-convey-gut-instincts-the-brain

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  • Fri, Aug 28, 2015 - 9:15pm

    Reply to #4
    rjs

    rjs

    Status Member (Offline)

    Joined: Aug 08 2009

    Posts: 124

    drug related violent incidents

    [quote=cmartenson]

    Exactly how many of these mass shooters are on, were on, or recently came off of being on legal psychoactive drugs, and especially the SSRI inhbitors?

    Is it more or less than we'd statistically expect?  Seems important somehow given that we're actively (and legally!) modifying the normal emotional reactions of tens of millions of individuals…

    Or how about suicides?  How many of those people fit the same pharmacological criteria?

    Just wondering…

     

    [/quote]

    a bit dated, but on Christmas 2012 i posted excerpts from a study of drug related violent incidents:

     

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  • Fri, Aug 28, 2015 - 10:41pm

    Reply to #4

    KugsCheese

    Status Gold Member (Offline)

    Joined: Jan 01 2010

    Posts: 821

    Most persons wtih mental issues...

    [quote=cmartenson]

    Exactly how many of these mass shooters are on, were on, or recently came off of being on legal psychoactive drugs, and especially the SSRI inhbitors?

    Is it more or less than we'd statistically expect?  Seems important somehow given that we're actively (and legally!) modifying the normal emotional reactions of tens of millions of individuals…

    Or how about suicides?  How many of those people fit the same pharmacological criteria?

    Just wondering…

     

    [/quote]

     

    Most persons with mental issues only need to boost Vitamin D3 and Omega-3 intake.

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  • Fri, Aug 28, 2015 - 10:43pm

    Reply to #4

    KugsCheese

    Status Gold Member (Offline)

    Joined: Jan 01 2010

    Posts: 821

    cmartenson wrote:Exactly how

    [quote=cmartenson]

    Exactly how many of these mass shooters are on, were on, or recently came off of being on legal psychoactive drugs, and especially the SSRI inhbitors?

    Is it more or less than we'd statistically expect?  Seems important somehow given that we're actively (and legally!) modifying the normal emotional reactions of tens of millions of individuals…

    Or how about suicides?  How many of those people fit the same pharmacological criteria?

    Just wondering…

     

    [/quote]

    Most the the Immune System is in the gut too.  Think of the damage caused by glyphosate since the early 90's.

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  • Sat, Aug 29, 2015 - 12:15am

    Reply to #4
    Cornelius999

    Cornelius999

    Status Bronze Member (Offline)

    Joined: Oct 17 2008

    Posts: 362

    Chris, as somebody who takes

    Chris, as somebody who takes two to three of these modern meds and who talks to others who take them, the answer is a lot of people take their own or other peoples lives because of them. Hopefully the professionals are getting a better handle on the problem with time.

    Also, they save a lot more lives than they endanger, when competently employed and even when not. I believe they've saved mine. I was highly skeptical of them until the very last one I tried, after many years, worked.  Almost a miracle. Of course they're problematic and the same drug will affect everybody individualistically and differently.

    One of the better reasons for not scattering multi-national corps. from the face of the earth!

    Kugs, It's wrong and dangerous to suggest that for most people vitamins or omega 3 would suffice, but it would be nice to think so and of course tried if not taking undue oppertunity  costs.

    Hey, I think I a doctor now!

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  • Sat, Aug 29, 2015 - 1:16am

    #5

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    The bugs and I

    We vaccinate and the viruses respond. Again the gut gets a mention. 

    The man had a full course of polio vaccinations, including three doses of weakened live virus at five, seven and 12 months old, followed by a booster when he was about seven.
     
    He was later diagnosed with a condition that suppresses the immune system, affecting its ability to kill viruses in the gut.
     
    His stool samples contained high levels of polio virus – the researchers estimated the man had been shedding live polio in his stools for as long as 28 years.
     
    The virus had also mutated dramatically and were no longer the weakened, or "attenuated", versions of the virus which are used in the vaccinations.
     

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  • Sat, Aug 29, 2015 - 1:38am

    #6
    VeganDB12

    VeganDB12

    Status Bronze Member (Offline)

    Joined: Jul 18 2008

    Posts: 109

    ssri's and violence

    I have seen lists of many mass murderers on ssri's. It is notable that these men present for treatment. Unusual for sociopaths who rarely see the need for treatment.

    Women take ssri's much more than men (2 1/2 times more often in the US) yet do not commit these crimes for seemingly obvious reasons (related to culture, biology, genetics, etc….).

    .http://www.health.harvard.edu/blog/astounding-increase-in-antidepressant-use-by-americans-201110203624

    I would be interested to see any information on how this effect manifests in women.

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  • Sat, Aug 29, 2015 - 12:09pm

    #7
    phil hecksel

    phil hecksel

    Status Bronze Member (Offline)

    Joined: May 24 2010

    Posts: 139

    Chris, everyone of

    Chris, everyone of them…

    But, that old causation thingy rears it's ugly head.

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