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    Daily Digest 9/3 – Putting Your Money To Work, What If Schools Abolished Grade Levels?

    by DailyDigest

    Saturday, September 3, 2016, 4:39 PM


Magical Thinking (reflector)

As O’Brien patiently explains to Winston between torture sessions, or what we would call today “FOMC meetings”, Collective Solipsism is the voluntary abdication of empirical and independent thought. But it’s not ordinary solipsism — a pathological egocentrism where reality is entirely defined by one’s own thoughts. Instead, Collective Solipsism annihilates one’s own thoughts and replaces them with state-sponsored thoughts. Your reality is just as fake. But you’re living someone else’s fantasy.

Self-Driving Cars Set to Rule Wall Street (Tiffany D.)

Now, it’s still early in the development of this technology. Uber’s cars will actually be manned by a person who can take control of the vehicle when it hits a situation that it’s not programmed for or if there’s an emergency. It’s a bit like autopilot on a plane with a person at the controls just in case.

Chinese Buy Gold, Sell Treasury’s…Should You? (Chris H.)

Typically when buyers disappear and new flow continues and existing stock is at record levels, prices fall and yields rise to entice new buyers. However, in the case of US Treasury bonds, we are to believe that domestic sources of buying (US pensions, insurers, banks, etc.) have taken over buying since year end 2014. Buying Treasury assets yielding far below domestics needed rates of return (essentially laddering into 0.5% to 2.5% yielding assets vs. 7.5% plan payouts)? Where did these domestic sources get the $1 trillion without selling other asset classes?

The Labor Day Guide to Putting Your Money to Work (jdargis)

Very few of us are saving enough for retirement. One example: Members of Gen X, which covers those born between 1965 and 1978, are saving a median of 7 percent of their salary in a workplace retirement plan, according to Transamerica’s recent survey of retirement readiness by generation. Even if that 7 percent comes with a decent company match—and one of the first rules of personal finance is to get that free money—it’s far from the 15 percent of salary many experts recommend saving. A 2015 report by Financial Engines (PDF) estimated that employees may leave $24 billion on the table by not getting the full company match.

What If Schools Abolished Grade Levels? (jdargis)

A synthesis of the research on multi-age and multi-grade classrooms (classrooms in which one teacher or group of teachers instruct students of two or more grade levels at one time) shows neither a positive nor a negative effect for this practice. Like block scheduling, a school may embrace the practice for philosophical or practical reasons, but there will likely not be learning or non-cognitive gains or losses for students.

The amazing man who produces iron using only wood, bark, fibre and clay (westcoastjan)

The popular Primitive Technology blog features an unnamed man in Far North Queensland, Australia building tools and structures using only raw, found materials. In this instalment, the man builds a new device he refers to as a ‘bow blower’ – a combination of a primitive drill and a manually powered fan – used to keep a fire burning hot enough to produce iron. The result is a stunning combination of ingenuity, expertise and determination. To learn more about the step-by-step process while watching, turn on closed captions in the YouTube video player.

Massive New Study Suggests Pesticide the Cause of Microcephaly — NOT Zika Virus (Aaron M.)

The U.S. Centers for Disease Control and the New England Journal of Medicine (NEJM) have already concluded that Zika is a cause of microcephaly. However, the NEJM acknowledges that no experimental evidence exists yet to support that conclusion. Also, “no flavivirus has ever been shown definitively to cause birth defects in humans, and no reports of adverse pregnancy or birth outcomes were noted during previous outbreaks of Zika virus disease in the Pacific Islands.”

Lightning strikes: Thunderstorms spread mercury pollution (reflector)

Holmes and a team of researchers collected rain in a variety of locations in Florida, as well as Vermont, Georgia and Wisconsin. They then matched it to weather data that told them whether it was from a thunderstorm or just rain. They also used radar and satellite data to examine storm clouds.

In a regular rainstorm, clouds are only a few kilometers thick. In a thunderstorm, they reach about 15 kilometers thick. Researchers found that more mercury was in rain from the clouds that reached the highest altitudes.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/1/16

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to dd@peakprosperity.com. 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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