Rest is a luxury for the rich. I get up at 6am, go to school (I have a full course load, but I only have to go to two in-person classes), then work, then I get the kids, then pick up my husband, then have half an hour to change and go to Job 2. I get home from that at around 12.30am, then I have the rest of my classes and work to tend to. I’m in bed by 3am. This isn’t every day, I have two days off a week from each of my obligations. I use that time to clean the house and soothe Mr Martini [her partner], see the kids for longer than an hour and catch up on schoolwork.
The Fight Of Their Lives (jdargis)
The fighting between ISIS and the Kurds stretches along a six-hundred-and-fifty-mile front in northeastern Iraq—a jagged line that roughly traces one border of Iraqi Kurdistan, the territory that the Kurds have been fighting for decades to establish as an independent state. With as many as thirty million people spread across the Middle East, the Kurds claim to be the world’s largest ethnic group without a country. Iraqi Kurdistan, which contains about a quarter of that population, is a landlocked region surrounded almost entirely by neighbors—Turkey, Iran, and the government in Baghdad—that oppose its bid for statehood.
For the past year, BFL insisted that mere manufacturing delays were to blame for the company's woes. However, suspicion of active fraud never died down. In fact, it's gotten worse after it came to light that Butterfly Labs' largest shareholder, Sonny Vleisides, violated the terms of his probation in a previous lottery scam case where he took a plea deal. As a result, Vleisides’ probation—previously slated to end in September 2013—continued for another two years.
The judge who extended Vleisides’ probation gave some damning comments about Butterfly Labs in a January 2014 court hearing…
Has The Gold Price Drop Ran Its Course? (Taki T.)
As evidenced on the next chart, gold’s move down to $1210/12 coincides with a couple of Fibonacci extension levels, based on gold’s rally from December 27th till the end of February of this year. Gold’s momentum indicator shows a significantly oversold reading. However, “oversold” is not a valid timing indicator, as an asset can remain oversold for several days or weeks. It also does not help in determining support levels in terms of prices.
Gold And Silver – Current Price Is The Story (Thomas C.)
We start with silver because it just broke to low levels not seen for the past 4 years. The importance of acknowledging the trend deserves front and center attention because this simple circumstance is so often overlooked for its power to prevail over price direction. Bearish spacing is also mentioned because of what it connotes: a bearish undertone in the market. With successive lower swing highs, the message of both the trend and bearish spacing have gone unchallenged, and that means there is no way the down trend can end. The KISS principle at work.
Oil and other commodity prices have recently been dropping. Is this good news, or bad?
I would argue that falling commodity prices are bad news. It likely means that the debt bubble which has been holding up the world economy for a very long–since World War II, at least–is failing to expand sufficiently. If the debt bubble collapses, we will be in huge difficulty. Many people have the impression that falling oil prices mean that the cost of production is falling, and thus that the feared “peak oil” is far in the distance. This is not the correct interpretation, especially when many types of commodities are decreasing in price at the same time. When prices are set in a world market, the big issue is affordability. Even if food, oil and coal are close to necessities, consumers can’t pay more than they can afford.
We Need A Global Carbon Tax (jdargis)
Economists, of course, constantly debate who wins and who loses from carbon taxes, even if they all agree that increasing the price of carbon by fiat is much better than any other hodgepodge of fixes. The immediate effect of carbon taxes is an increase in carbon prices, and this is largely regressive, falling on households and countries with low incomes.
And the two countries are not only the first and second most populous countries on Earth; research shows they also were the first- and third-biggest producers of carbon dioxide emissions (the United States holds the No. 2 spot). That figure can only partly be explained away by their huge populations: One study showed that per capita emissions from China recently surpassed that of the European Union, and India is predicted to follow suit in five years.
Gold & Silver
Provided daily by the Peak Prosperity Gold & Silver Group
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