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    Daily Digest 9/13 – The Real Cost Of Filling Up, The Art Of Insight

    by DailyDigest

    Sunday, September 13, 2015, 3:50 PM

Economy

The Art Of Insight In Science And Engineering (richcabot)

For many years, at the University of Cambridge and at MIT, I taught a course on the “Art of Approximation” organized by topics in physics and engineering. This organization limited the material’s generality: Unless you become a specialist in general relativity, you may not study gravitation again. Yet estimating how much gravity deflects starlight teaches reasoning tools that you can use far beyond that example. Tools are more general and useful than topics.

Sovereign Debt for Territory: A new Global Elite Swap Strategy (richcabot)

One often wonders why governments indebt themselves for so much more than they can ever hope to pay… Here, Western economists, bankers, traders, Ivy League academics and professors, Nobel laureates and the mainstream media have a quick and monolithic reply: because all nations need “investment and investors” if they wish to build highways, power plants, schools, airports, hospitals, raise armies, service infrastructures and a long list of et ceteras, economic and national activities are all about.

Sustainable development, science, and the UN (jdargis)

Colglazier writes that the 2015 UN Global Sustainable Development Report should act as a platform for continued interaction between scientists and policy makers. Doing so could help the policy officials develop a “science advisory ecosystem,” one that could encourage the use of science to inform sustainable development.

Mass Incarceration, Visualized (jdargis)

In this animated interview, the sociologist Bruce Western explains the current inevitability of prison for certain demographics of young black men and how it's become a normal life event. "We've chosen the response of the deprivation of liberty for a historically aggrieved group, whose liberty in the United States was never firmly established to begin with," Western says.

An eighth-grade boy’s ‘outrageous’ class schedule (jdargis)

Have you ever wondered what a student’s schedule looks like? After all, New Jersey Department of Education is laser-focused on standardized test scores and being college and career ready. How does New Jersey translate that into the lives of the young citizens of Newark?

A Newark dad shared his child’s schedule. To my suburban friends, can you ever imagine your child bringing home a schedule that looks like this? Or a superintendent selling this to you? No? Me neither. This is outrageous.

The Real Cost of Filling Up: Gasoline prices by country (jdargis)

This ranking sorts 61 countries by price, earnings needed to buy a gallon, and annual income spent on fuel.

Court revokes approval of insecticide, citing 'alarming' decline in bees (Wendy SD)

Janette Brimmer, who represented the beekeepers for Earthjustice, an environmental group, said the ruling affects the entire country and will force states to withdraw more local rules that have permitted the insecticide. Federal appeals courts "almost never" overturn EPA approvals of pesticides, Brimmer said. "This was a pretty significant decision," she said. "It revokes the registration, and it is a national registration."

Climate change impacts: The growth of understanding (richcabot)

In the late 1950s, a few scientists realized that the level of carbon dioxide gas in the atmosphere might be rising and suggested that the average global temperature might climb a few degrees Celsius before the end of the 21st century. Roger Revelle, the most senior of those researchers (figure 2), publicly speculated that in the 21st century the greenhouse effect might exert “a violent effect on the earth’s climate” (as quoted by Time magazine in its 28 May 1956 issue). He thought the temperature rise might eventually melt the Greenland and Antarctic ice sheets, which would raise sea levels enough to flood coastlines. In 1957 Revelle told a congressional committee that the greenhouse effect might someday turn Southern California and Texas into real deserts. He also remarked that the Arctic Ocean might become ice free. But everyone understood that it was all speculation, more science fiction than scientific prediction.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/11/15

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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6 Comments

  • Mon, Sep 14, 2015 - 5:49am

    #1

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    Taxpayer funded

    http://www.bloomberg.com/visual-data/gas-prices/20152:United%20States:USD:g

    Subsidies.  

    The world’s biggest and most profitable fossil fuel companies are receiving huge and rising subsidies from US taxpayers, a practice slammed as absurd by a presidential candidate given the threat of climate change.

    http://www.theguardian.com/environment/2015/may/12/us-taxpayers-subsidising-worlds-biggest-fossil-fuel-companies

    Which is a killer argument for subsidizing renewables. Or even throwing a few scraps towards the Cold Fusion boys researchers. (I was going to say boys,  but Pamela Mosier-Boss is doing fine work over at SPAWAR, last I heard.)

     

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  • Mon, Sep 14, 2015 - 11:53am

    #2

    Arthur Robey

    Status Platinum Member (Offline)

    Joined: Feb 03 2010

    Posts: 1814

    It would appear as if Tom

    It would appear as if Tom Campbell is correct. I make this stuff up as I go along.

    After we wrote about the matter recently, is even the record been made aware that the Silicon Valley-based Cold Fusion-Energy Company has been in Brillouin Norway. The company has had meetings with both politicians and several large Norwegian companies, including hot water tank manufacturer OSO Hotwater. The small Norwegian company Black Swan Technology currently working with to convey and get investors to Brillouin Energy. They offer investors to travel to the Brillouins development lab in Berkeley, so that they themselves should be able to measure their way to what the company believes is evidence of cold fusion

    http://www.lenr-forum.com/forum/index.php/Thread/2018-Aftenposten-1-glass-vann-energi-til-Hamar-i-et-helt-%C3%A5r-Robert-Godes-interview/?postID=7548#post7548

    Thanks Alain.

    Now it wouldn't be too hard for someone living near Berkley to pop in for a gander, given the importance of the subject,  now would it? Or are we going to stick with willful blindness? 

    No matter, the money is beginning to flow.  I hear that the Norwegian Navy is interested. Good for them. It will do wonders for their subs. 

    The Trouble is, you see, the facts just don't fit the theory.  So what's a poor scientist to do?  Believe his models or his lying eyes?

     

    .

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  • Mon, Sep 14, 2015 - 3:52pm

    #3

    saxplayer00o1

    Status Silver Member (Offline)

    Joined: Jul 30 2009

    Posts: 2932

    It's time to redistribute Japan's wealth

    China grabs unused funds to spend on new projects as growth slows

    Reuters – ‎30 minutes ago‎
    "Overall, the economy is very weak and the central bank may have to continue cutting interest rates and banks' reserve requirement," said Zhou Hao, senior economist at Commerzbank AG in Singapore, adding he thought growth would dip below 7 percent in …

    China Benchmark Money Rate Near Two-Week Low as Data

    Bloomberg10 hours ago
    China's benchmark money-market rate held near a two-week low on speculation the central bank will prevent funding costs from rising as data indicate the …
     

    China fixed-asset investment tumbles to lowest since 2000

    Chicago Tribune – ‎19 hours ago‎
    BEIJING — China's fixed-asset investment rose at the slowest pace in 15 years and industrial production trailed analyst estimates, raising further question marks over the effectiveness of government efforts to revive growth. Investment excluding rural …
     

    MarketsBrazil: recession seen deepening in 2015, 2016

    Financial Times2 hours ago
    The Brazilian central bank's latest weekly survey of what private sector economists expect Latin America's largest economy to deliver is out. The picture isn't …

    Brazil Downgrade Leaves Firms With $270 Billion Debt Hangover

    Bloomberg – ‎1 hour ago‎
    Brazilian companies that piled on $270 billion in international debt during the boom years are seeing their funding costs rise after the nation's credit rating was cut to junk. The spread for five-year credit-default swaps to protect against a

    UPDATE 2-Last chance for Brazil's Rousseff to save mandate

    Reuters13 hours ago
    Folha also called for an end to some pension benefits and economic subsidies, as well as temporary cuts in health and education programs that are currently …

     

    Malaysia to Inject More Money Into Economy

    Wall Street Journal – ‎3 hours ago‎
    Last week, Malaysia's central bank said GDP would grow 4.5% to 5.5% for the year, down from last year's 6%. “I think the big questions now is whether the ringgit will be subjected to more pressure and that could come more from factors like the
     

     

    Malaysia government bond sale draws fewest bids since December

    The Edge Markets (press release) (registration) – ‎6 hours ago‎
    The 4 billion ringgit ($928 million) sale of sovereign notes due 2019 had a bid-to-cover ratio of 1.53 times and an average yield of 3.759%, according to central bank data. That's the lowest ratio for a government bond auction since December, when a 3

     

    China's investment, factory output lower than expected

    The Straits Times – ‎17 hours ago‎
    "Overall, the economy is very weak and the central bank may have to continue cutting interest rates and banks' reserve requirement," he said, adding that he expected growth to very likely dip below 7 per cent in the July-September quarter. Some
     

    Sluggish China Output and Investment Signal More Stimulus

    Bloomberg11 hours ago
    … authorities to 3.2 trillion yuan ($500 billion) to help ease debt pressure. … of local government debts, special financial bond and expedited bond issuance.

    Turkish Lira Slides to Record as Bank Stocks Drop on Citi Cut

    Bloomberg1 hour ago
    “The possibility of the Fed moving into a policy tightening phase, combined with the well-known reticence from the Turkish central bank to adjust its own policy, …
     

    India's Inflation Eases, Adding Rate-Cut Pressure on Rajan

    Bloomberg2 hours ago
    India's two main inflation gauges showed a continued easing, adding pressure on central bank Governor Raghuram Rajan to cut interest rates for a fourth time …
     

    Draghi Seen Expanding QE by Economists Fearing Shallow Recovery

    Bloomberg9 hours ago
    Mario Draghi's promise that the European Central Bank is willing to step up its stimulus if needed is resonating with economists, who see the euro-area recovery …

     

    Goldman Sees Yen Weakness as BOJ Moves Toward Increased

    Bloomberg10 hours ago
    The common currency will decline to 95 cents next year as the European Central Bank expands its asset-buying program to meet its inflation goal, they wrote.

    It's time to redistribute Japan's wealth

    Nikkei Asian Review10 hours ago
    There are growing indications that the Bank of Japan needs to ease off its monetary reins even further. I believe that if the ongoing situation persists, the central …

    Rattled by JPMorgan Exit, Nigerian Bonds Now Face Downgrade Risk

    Bloomberg9 hours ago
    s announcement last week that Nigerian debt will be removed from its … a money manager at Aberdeen, who sold all his Nigerian sovereign debt last year, said …

    Global investors flock to Canada housing bonds amid bubble

    The Globe and Mail16 hours ago
    The demand comes amid record household debt and lofty house valuations, which … “Our rating of the banks and the sovereign take into account those risks.”.

    RPT-INVESTMENT FOCUS-Brazil's credit downgrade may herald more 'fallen angels'

    Reuters – ‎22 hours ago‎
    Credit default swaps (CDS), which can be used insure against or to bet on national or corporate debt problems, forsee a wave of EM downgrades, according to an S&P Capital model called Market Derived Signal. "We will continue to see CDS spread pricing …
     

    Pimco, Fidelity Stung by Collapse of Petrobras's 100-Year Bond

    Bloomberg4 hours ago
    That's four times the average loss for emerging-market company debt. … S&P, which lowered Petrobras's rating one day after its downgrade of Brazil, signaled …

    Petrobras spending plan already obsolete, new cuts likely
    Hellenic Shipping News Worldwide17 hours ago

    Fed Rate Increase Too Late for BlackRock, Alpine Muni Cash Funds

    Bloomberg2 hours ago
    Tax-exempt money-market funds, which invest in high-rated, short-term debt and … you know, the last thing we want is some sort of downgrade event to trigger a …

    Credit funds may face panic selling as default risks grow (India)

    Economic Times17 hours ago

    "On an average, investors are now on high alert as and when any downgrade happens," said Rahul Goswami, chief investment officer, debt, ICICI Prudential

    China, Brazil Among Emerging Markets at Risk of Bank Crisis

    Bloomberg5 hours ago
    BIS separately said that the amount of international debt securities issued by emerging-market non-financial companies stood at $75 billion in the first half of this …
     

    China Inc. Resists Li Reform Push as Debt Swells Most Since 2012

    Bloomberg13 hours ago
    Total debt at 1,003 Shanghai-traded non-financial firms increased 18 percent in the last 12 months, the fastest pace in three years, to a record 868.3 billion yuan …
     

    Polish Budget at Risk as Ruling Party Bids Up Campaign Promises

    Bloomberg5 hours ago
    Compared with Poland's budget deficit plan of 46.2 billion zloty this year, such … fiscal rules which force spending curbs if public debt tops safety thresholds.

     

    China faces economic hard landing risk

    Yahoo7 News – ‎15 hours ago‎
    Still, gloomy perceptions of China are growing and the signs are troubling: a surprise currency devaluation, persistently weak manufacturing, and rising debt defaults, with a share price collapse to boot. Government meddling in the stock and currency
     

    Finance Ministry urged to tackle rising national debts

    The Korea Herald6 hours ago
    He criticized the authority for sitting idly while the fiscal deficit is snowballing. … budget proposal for youth employment by 362.9 billion won, or 20.6 percent, …

    State Health Insurance Payments Could Be Stopped During Budget

    Progress Illinois22 minutes ago
    Illinois payments to providers of health services for state workers, retirees and university staffers could be halted during the budget impasse, the Rauner …

    Pensions crisis: Millions are saving too little to avoid poverty in old age

    Express.co.uk16 hours ago
    BRITAIN faces a pensions timebomb after it emerged almost half the … Experts warned last night that the pension system faced meltdown unless drastic action …

    China banks' Q1 capital outflow $109 bln, may persist: BIS

    Reuters – ‎Sep 13, 2015‎
    Meanwhile yuan-denominated deposits held by the rest of the world at Chinese banks fell, amounting to a net outflow of almost $109 billion, the report added. While yuan deposits partially recovered in the second quarter, thanks to exchange rate

    China's Stocks Decline Most in Three Weeks on Slowdown Concerns

    Bloomberg11 hours ago
    … from equities on mainland and Hong Kong bourses during the week to Sept. 9, a ninth straight week of outflows, according to China International Capital Corp.

    China's Yuan Positions Drop by Record Amid Currency Defense

    Bloomberg1 hour ago
    Yuan positions at China's central bank and financial institutions fell by the most on record in August, a sign that policy makers stepped up intervention to support …

    Morgan Stanley's Sharma Sees `Long Winter' for Commodities

    Bloomberg2 hours ago
    China's industrial slowdown is weighing on demand growth while a drop in currencies including the Russian ruble has shielded some companies from lower oil …

    When $2.8 trn is not enough: US govt rakes in record tax revenue

    RT2 minutes ago
    The federal government has collected $2.8 trillion in taxes over the 11 months of the fiscal year 2015, almost $200 billion than the year before. This means …

    Fears grow over US stock market bubble

    Nobel laureate Robert Shiller highlights risks of overvalued stocks

    California's Sierra Nevada snowpack is the lowest in 500 years

    USA TODAY44 minutes ago
    The snowpack in California's Sierra Nevada mountains this year has fallen to its … The finding underscores the severe drought afflicting the state, bow in its …

    Drought fears: Lake Mead hits all-time low – USATODAY.com Video

    usatoday30.usatoday.com/video/droughtlakemead…/3726115398001

    19 hours ago – Drought fears: Lake Mead hits all-time low. Nevada's Lake Mead, the nation's largest reservoir, has hit an all time-low since it was first filled in the 1930s, raising …

     

     

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  • Tue, Sep 15, 2015 - 4:39am

    #4
    TechGuy

    TechGuy

    Status Bronze Member (Offline)

    Joined: Oct 13 2008

    Posts: 295

    Re: An eighth-grade boy’s ‘outrageous’ class schedule

    Interesting, the entire day is devoted to what appears to be "useful" classes. Mostly Math and Science. The parent in the article complains there is no "Music", "Arts" or Sports. The Parent wants the curriculum dumbed down.

     

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  • Tue, Sep 15, 2015 - 1:53pm

    Reply to #4
    Yoxa

    Yoxa

    Status Silver Member (Offline)

    Joined: Dec 20 2011

    Posts: 286

    >> The Parent wants

    >> The Parent wants the curriculum dumbed down

    No way. Leaving out music, arts and sports IS the dumbing down!

    The parent wants the curriculum to be broader and to include disciplines that will teach a variety of thinking skills and practical skills.

    Students will learn better if they have some variety in what they focus on.

    And they'll have a better chance to earn a living if their education doesn't give them tunnel vision.

     

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  • Tue, Sep 15, 2015 - 2:31pm

    Reply to #4
    Doug

    Doug

    Status Platinum Member (Offline)

    Joined: Oct 01 2008

    Posts: 1357

    TechGuy wrote:Interesting,

    [quote=TechGuy]

    Interesting, the entire day is devoted to what appears to be "useful" classes. Mostly Math and Science. The parent in the article complains there is no "Music", "Arts" or Sports. The Parent wants the curriculum dumbed down.[/quote]

    "Dumbed down" is what has historically been called a liberal education.  It is the core of what education is supposed to encourage:  an informed populace that is able to think critically, interact socially, understand the issues of the day and generally conduct themselves as responsible citizens.  To some extent the emphasis on STEM education has diminished the public sphere where we interact as social and civic beings.

    Our social structure has become atomized to a point where the village square as a focus of public participation in governing and socializing is a relic of the past.  Of course that is not solely the fault of STEM education, but a focus on the technical aspects of specialization to the exclusion of all else certainly doesn't foster an informed electorate or a socially responsible citizenry.

    IMHO, we really need to get back to the ideal of the renaissance man (now person) to build the kind of culture that we strive for at PP.

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