Daily Digest

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Daily Digest 8/12 - Good News Friday: Living Debt-Free, How To Watch The Perseids

Friday, August 12, 2016, 8:10 AM

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!


How one family is sending 13 kids to college, living debt free — and still plans to retire early (jdargis)

They’re about ideas and possibilities, not suffering. And millions are listening. Until a couple of years ago, Rob Fatzinger had a blog called Sardonic Catholic Dad, focusing on family, faith and frugality. Two of his hits: “College on the Cheap — How the Sardonic Family Does It” and “How to Retire Early With 13 Kids,” which he wrote as a guest post on the FIRE site Mad Fientist.

Frugalism is often about math, determinationand thinking a bit differently. A few key principles: How much you save, as a percentage of your paycheck, will foretell when you’ll be able to build your own business or retire. Small financial changes can make a big impact. And it’s not really about your income; it’s about your savings, says Pete Adeney, a lapsed engineer from outside Boulder, Colo., who created the popular Mr. Money Mustache blog.

Rio 2016: Photos From the First Weekend (jdargis)

Hundreds of photographers have gathered in Rio to follow the action in the Olympic arenas, swimming pools, racetracks, and more. Over the next two weeks I’ll be featuring some amazing images from recent Olympic events. Today’s entry encompasses fencing, basketball, handball, swimming, diving, eventing, table tennis, archery, and much more.

Watching Your Daughter Win Gymnastics Gold Looks Like This (jdargis)

The sequences below capture five American gymnasts — Simone Biles, Gabby Douglas, Laurie Hernandez, Madison Kocian and Aly Raisman — during their gold medal-winning performance alongside images of their parents, taken at about the same time.

People Are Awesome: She Designed A Stylish Fashion Line For Differently Abled Kids (jdargis)

Scheier is a mother of three—her middle child, Oliver, has muscular dystrophy. When he turned 8, she said he started to become fashion-conscious. He wanted to wear, say, jeans, but it was hard for him to manage the buttons and zippers. “He viewed himself like other kids,” she says, “so why couldn’t he wear what they were wearing?”

Karma Aims to Challenge Tesla With $115,000 Solar-Boosted Hybrid (jdargis)

Karma is among the first to use solar panels to charge a production car’s high-voltage battery that powers the motor. The predecessor company’s original car, called the Fisker Karma, used a solar panel to charge the 12-volt battery that powers lights and other accessories and Toyota Motor Corp. has used solar power in the Prius to run the ventilation system. Toyota’s new Prius Prime plug-in, going on sale this year, will have an optional solar panel to charge the battery for buyers in Europe.

The Superglue Diet: How to Make a Lighter, Fuel-Sipping Car (jdargis)

Mary Gustanski, vice president of engineering and program management at Delphi, an auto supplier that is going to produce 48-volt systems for car companies, believes these hybrids can improve the fuel economy of normal gasoline-powered cars by 15 percent or more with little additional cost. “Is it leaps and bounds?” she said. “No, but does it move us further along? Definitely.”

Lithium-Ion Batteries: Capacity Might Be Increased By 6 Times (Arthur Robey)

Now a team from the HZB Institute for Soft Matter and Functional Materials headed by Prof. Matthias Ballauff has directly observed for the first time a lithium-silicon half-cell during its charging and discharge cycles. "We were able to precisely track where the lithium ions adsorb in the silicon electrode using neutron reflectometry methods, and also how fast they were moving", comments Dr. Beatrix-Kamelia Seidlhofer, who carried out the experiments using the neutron source located at the Institute Laue-Langevin.

This Year's Perseid Meteor Shower Is Going To Be Quite A Show — Here's How To Watch (jdargis)

Bill Cooke, the head of NASA's Meteoroid Environment Office, tells Nell that a typical Perseid meteor shower "has 80 to 100 meteor showers per hour." But in the upcoming shower, "we're going to have anywhere from 160 to 200 meteors per hour. So the rates are going to double this year."

Gold & Silver

Click to read the PM Daily Market Commentary: 8/11/16

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."


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German bank charges fees for saving amid rising fears over negat

German bank charges fees for saving amid rising fears over negative rates

Express.co.uk - ‎16 hours ago‎
"If we do not create incentives to make a change, nothing will change." It comes as number of politicians from Angela Merkel's government have criticised the ECB's controversial negative interest rate policy, which are hurting German savers ...

Gold rush as Northern Ireland investors take a shine to the precious ...

Belfast Telegraph-7 hours ago
"Negative interest rates are the primary concern for investors, and Brexit and the US election have also played their part in driving demand." Newry firm Gold ...

China Slows as Stimulus Impact Wanes

Wall Street Journal-7 hours ago
After rolling out many stimulus measures—including flooding the economy with record-high credit and speeding up government spending on infrastructure ...

China Bond Yield Drops to Lowest in a Decade as Economy Falters

Bloomberg-10 hours ago
Demand for the relative safety of government debt has been driven also by a rising ... The People's Bank of China injected a net 90 billion yuan this week via ...

A Look at China's Stimulus Efforts Shows 'Malinvestment Is Still Hard ...

Bloomberg-22 hours ago
Ahead of looming fiscal stimulus from China, analysts were quick to emphasize that this would be a leaner, smarter government spending program. There would ...

China has started bailing out its banks, UBS says

CNBC - ‎9 hours ago‎
During the global financial crisis, China's government used the banks to inject stimulus into the broader economy. As a result, debt levels rose sharply among local governments and state-owned companies and the banks now hold high volumes of ...

IMF tells China: Fix your debt problem now

WPTZ - ‎41 minutes ago‎
"China's medium term outlook is clouding because of high and rising corporate debt," said James Daniel, IMF's mission chief in China. He said the world's second biggest economy must "urgently address the problem." At $25 trillion, China's debt stands ...

Malaysia's Growth Slows as Pressure to Add Stimulus Increases

Bloomberg-11 hours ago
Malaysia's economic growth slowed for a fifth quarter, adding pressure on policy makers to increase stimulus and spur consumption amid tepid global demand.

Malaysia's growth slips to 4.0 pct in Q2 as slowdown drags on
Yahoo Finance-7 hours ago

Renzi eyes fresh stimulus package for Italy

Financial Times-Aug 11, 2016
Matteo Renzi is considering fresh stimulus measures to boost Italy's languishing economic recovery, as the prime minister tries to strengthen his chances of ...

Italy's National Debt Hits Record High, Reaches Some $2.5 Trillion

Sputnik International-44 minutes ago
ROME (Sputnik) — Italy's public debt reached a historic high in June, exceeding 2.249 trillion euros ($2.518 trillion), the country's central bank said Friday.

U.K. Pension Crisis Spurs Woodford Fund to Exit BAE Stake

Bloomberg-3 hours ago
BAE last month said its share of its net pension deficit had widened by 1.6 billion pounds from December 2015 to 6.1 billion pounds, hurt by lower interest rates.

Deficit Of £1tn For Defined Benefit Pensions

Heart - ‎3 hours ago‎
The total deficit facing UK defined benefit pension schemes has hit £1tn, according to new research. The research from actuarial firm Hymans Robertson covers defined benefit schemes - gold-plated "final salary" retirement funds which guarantee a ...

Distressed Assets Pile Up at Life Insurers, and More Are Coming

Bloomberg-6 hours ago
In the coming years, the companies are likely to buy more risky junk debt, said ... and we will expect to see increased defaults going forward," Kamper said.

Can Dallas Police and Fire Pension fund be saved? Officials ...

Dallas Morning News-17 hours ago
The fund has $3.27 billion in unfunded liabilities and less than $2.7 billion in assets -- a funding ratio of 45 percent. Pensions are generally thought to be in ...

As Venezuela's farms and factories falter, the country struggles to ...

Los Angeles Times-Aug 11, 2016
Just a decade ago, Venezuela was producing nearly all of the sugar it needed. But this week, 30,000 tons of imported Guatemalan sugar is being offloaded at ...

Fleeing Venezuela: On foot and by raft, seeking a fresh start abroad

Miami Herald - ‎3 hours ago‎
Alexander and Katherine arrived in this bustling city with two backpacks, their university diplomas, $250 dollars in cash and the tri-color flag of their homeland, Venezuela. Fleeing the violence and the crippled economy back home, they hoped to make a ...
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The Great Remembering

The Great Remembering (DavidSheen.com)

If you've ever read "Ishmael", this article follows well.


The world of the detribalized

The price to be paid for becoming part of the Taker revolution is detribalization -- the loss of tribal laws, customs, and identity. Since the detribalization of the Old World (by which I mean the Near East, the Far East, and Europe) occurred thousands of years before the earliest historical records, it became part of the Great Forgetting, and as such it was invisible to the foundation thinkers of our culture. As they reconstructed it in imagination, the first humans were just proto-urbanites -- farmers without farms, villagers without villages, city dwellers without cities. They couldn't possibly have imagined a whole world of tribal peoples becoming detribalized. When they looked into the past, they saw people setting out to build civilization, being already innately inclined toward civilization. When we look into the past no longer under the influence of the Great Forgetting, we see something very different: people inadvertently (but systematically) obliterating a highly successful lifestyle -- then scurrying like mad to knock together something to replace it with. We've been scurrying ever since, and every year our legislators and political thinkers go back to work at the ceaseless task of trying to knock together something as workable as what we destroyed.

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