Daily Digest

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Daily Digest 8/29 - Good News Friday: Wall St. Not Welcome At Conventions, Quiet Solar Revolution Unfolding In U.S.

Friday, July 29, 2016, 12:55 PM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

Wall Street Not Welcome at 2016 Political Conventions (jdargis)

The bankers and lobbyists who did show up tried hard to remain invisible. One of the few organizations to welcome them was the Ripon Society, a moderate group with roots in the genteel Rockefeller Republicanism of the 1960s. Ripon’s event was held far away from Quicken Loans Arena, the convention venue, on the 25th floor of a skyscraper whose only access point lay behind a rampart of baton-wielding policemen. Press wasn’t welcome—not even Bloomberg Businessweek, an outlet hardly known for its hostility to business. “I wish I could let you in, but I can’t,” Ripon’s policy director, Stephen Jackson, told me apologetically, as lobbyists waiting to check in avoided making eye contact.

Reining in Wall Street to Benefit All Americans (jdargis)

A study by the Leonard Burman and his colleagues at the Tax Policy Center of the Brookings Institution and the Urban Institute (referred to simply as Burman from here on) came in with a much lower figure, concluding that a tax would likely raise less than $40 billion annually. The Joint Tax Committee projected that the more modest tax proposed by Harkin and DeFazio could raise $30 billion a year.

Norway considers giving mountain to Finland as 100th birthday present (jdargis)

Halti’s summit, at 1,365 metres high, is a kilometre away in Norway. But moving the border barely 40 metres further up the mountainside would put Hálditšohkka’s 1,331-metre summit in Finland – and make the country’s highest point seven metres higher.

To Boost Memory: Study, Wait, Then Exercise (jdargis)

Those who exercised four hours after the test recognized and recreated the picture locations most accurately. Their brain activity was subtly different, too, showing a more consistent pattern of neural activity. The study’s authors suggest that their brains might have been functioning more efficiently because they had learned the patterns so fully. But why delaying exercise for four hours was more effective than an immediate workout remains mysterious. By contrast, rodents do better in many experiments if they work out right after learning.

Helicopter Money: Why Some Economists Are Talking About Dropping Money From the Sky (jdargis)

That was the thought experiment that Mr. Friedman dealt with in a 1969 paper titled “The Optimum Quantity of Money.” He offered this intentionally absurd hypothetical: “Let us suppose now that one day a helicopter flies over this community and drops an additional $1,000 in bills from the sky, which is, of course, hastily collected by members of the community.”

More money floating around, used to chase the same amount of goods and services, would inevitably cause prices to rise — in other words, it would bring about higher inflation.

Quiet Solar Revolution Unfolding In U.S. Despite Low Oil Prices (Tom K.)

China leads the world in the production of solar power and the manufacturing of panels, and the Chinese government has made it a point to steer the country’s energy infrastructure away from fossil fuels and towards renewables. At the moment China draws 43 GW from solar panels, though that marks an increase of 20 GW in 2016 thus far, a 30 percent increase from last year. China is now both the largest producer of solar panels and their largest emerging market.

Scientists think cockroach milk could be the superfood of the future (JM)

"The crystals are like a complete food - they have proteins, fats and sugars. If you look into the protein sequences, they have all the essential amino acids," said Sanchari Banerjee, one of the team, in an interview with the Times of India.

Not only is the milk a dense source of calories and nutrients, it’s also time released. As the protein in the milk is digested, the crystal releases more protein at an equivalent rate to continue the digestion.

Solar cell sucks up CO2 and spits burnable fuel out the other side (Wendy SD)

In pursuit of this, the team was working with a set of nanostructured compounds called transition metal dichalcogenides, or TMDCs. It happened upon one TMDC called nanoflake tungsten diselenide which, when paired with water and a particular ionic liquid as the electrolyte, worked 1,000 times faster than the expensive metals usually used in these CO2 reduction technologies. The fact that it is about 20 times cheaper didn't hurt either.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/28/16

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."

2 Comments

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 572
Where to put the brain power - solar or banking

http://www.tcm.com/mediaroom/video/253569/You-Can-t-Take-It-With-You-Mov...

Probably not the first time this thought was thunk!

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
Never vote again...ever!

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