Daily Digest

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Daily Digest 8/18 - 'Zombie' Honeybees Found In Canada, Was the N.S.A. Hacked?

Thursday, August 18, 2016, 8:12 AM

Economy

‘Shadow Brokers’ Leak Raises Alarming Question: Was the N.S.A. Hacked? (jdargis)

Whoever obtained the source code apparently broke into either the top-secret, highly compartmentalized computer servers of the N.S.A. or other servers around the world that the agency would have used to store the files. The code that was published on Monday dates to mid-2013, when, after Mr. Snowden’s disclosures, the agency shuttered many of its existing servers and moved code to new ones as a security measure.

Financial Crash will be Put On Little People: Ellen Brown (pinecarr)

Brown, who is also an attorney, goes on to explain, “I have researched heavily on what the real problem is here. It’s the ‘Safe Harbor’ status that is granted to derivatives, repos and asset backed securities. All those things can jump in ahead of a bankruptcy and grab their collateral. As soon as things start to look shaky, they can grab their collateral, so, they are basically outside the bankruptcy system. There is no such thing as bankruptcy for big banks right now. We saw this with Lehman Brothers where JPMorgan triggered the whole collapse (in 2008) by jumping in and grabbing their collateral.”

The Sociopaths Among Us (Time2Help)

After much self-examination of my personal role in this mess, particularly as I began to wake up (still waking up folks; we are never fully awake, just hopefully a little more today than yesterday) combined with much research and soul searching, I have become increasingly certain this psychological condition isn’t just a case of a poor education, social or economic disadvantages or even imperial oppression (aka government by gun) though each does play their part in the big picture.

Rising Prices Make EpiPens A Costly Necessity For Families With Severe Food Allergies (Adam)

The Henegars remember paying as little as $80 for them 5 or 6 years ago, before they switched to a high deductible health plan.

“We really noticed it in the past year, year-and-a-half when we went to go have it filled, it was $600,” Lexi said.

OPEC Rumors Continue To Pull Oil Prices Higher (Josh O.)

Russian Energy Minister Novak said his country is consulting with Saudi Arabia: Novak says his country wants to achieve oil market stability. That news helped bolster oil markets following last week's comments from Saudi Arabian Energy Minister Khalid al-Falih suggesting Saudi Arabia’s willingness consider price support measures at an OPEC informal meeting next month.

The Preservation of Perks, Privileges, and Power: The PPPP (GE Christenson)

If 2016 has taught us anything, it is that if the establishment’s hegemony is imperiled, it will come together in ferocious solidarity – for the preservation of their perks, privileges and power.

Neonic pesticide link to long-term wild bee decline (Adam)

They were able to compare the locations of these bees and their changing populations with growing patterns of oilseed rape across England over 18 years.

The amount of this crop being sown has increased significantly over the period of the study, from around 500,000 hectares in 1994 to over 700,000 in 2011.

'Zombie' honeybees make first appearance in Canada (westcoastjan)

Parasitoids are parasitic organisms that don't just live off their hosts, but eventually kill them. Female phorid flies infect a host by climbing on its abdomen, stabbing it with a needle-like organ called an ovipositor, and depositing eggs inside the host that later hatch into maggots that eat the host from the inside.

Pesticides linked to ‘large-scale population extinctions’ of wild bees (reflector)

The insecticides have been shown to have “sub-lethal” effects on bees, which are vital pollinators for many crops, in laboratory-style conditions and small-scale studies.

But their actual effect in the real world was not well understood – until now.

The Earth Just Experienced the Hottest Month on the Books. Period. (Michael W.)

Global temperature usually peaks in July, when the land masses of the northern hemisphere are on average at their warmest. It varies by more than 3° C over the course of each year. The largest recent deviation from this annual cycle occurred in February this year, but July was still more than 0.5° C warmer than the 1981-2010 average for the month. This made July 2016 the warmest month of any in a data record that can be extended back to the nineteenth century.

Great Cities Must Watch Their Watersheds (jdargis)

It turns out, though, that protecting the surrounding nature is also crucial for cities to work. Any city draws its clean water from a natural watershed area -- some close by, others farther away. The rainfall that drains into the area is filtered and purified by natural land cover – forests, marshes and grasslands – before entering as the “raw water” of treatment facilities. The water for New York City, for example, comes from large reservoirs located an average of 100 miles away in upstate New York.

Flooding in the South Looks a Lot Like Climate Change (jdargis)

The National Weather Service reports that parts of Louisiana have received as much as 31 inches of rain in the last week, a number Dr. Easterling called “pretty staggering,” and one that exceeds an amount of precipitation that his center predicts will occur once every thousand years in the area.

Dr. Easterling said that those sorts of estimates were predicated on the idea that the climate was stable, a principle that has become outdated.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/17/16

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
Negative rates starting to weigh on banks' profits

 

Negative rates starting to weigh on banks' profits

Financial Times-2 hours ago
European banks could be forced to slash costs, make riskier loans or charge fees for current accounts to offset mounting pressure from negative interest rates, ...
 

Bank of Japan Likely to Take Bold Easing Action, Says Abe Adviser

Wall Street Journal - ‎10 hours ago‎
Mr. Honda added that the BOJ shouldn't deepen its negative interest rate, charged on yen deposits of commercial banks, from the present minus 0.1% because concerns over the health of the banking system could grow. While the view is growing in Japan ...
 

ECB hints at taking further monetary policy action in September

Financial Times-1 hour ago
Research published by S&P, a rating agency, on Thursday suggested the UK leaving the EU could limit the effectiveness of the ECB's negative interest rate ...

Top steel firms' debt level totals record $150 billion: EY

Reuters-15 hours ago

At the end of June, the firm had gearing of 175 percent, versus 124 percent a year earlier, and debt of 4.77 billion euros compared with 4.39 billion the previous ..

Debt delinquencies among Canadian millennials rise 12% in Q2

bnn.ca-1 hour ago
OTTAWA – Canadians added $48 billion in new debt from April to June, but younger Canadians are the ones struggling to pay it all off, according to the latest ...

Emanuel's pension bill: $1.1 billion a year—and counting

Crain's Chicago Business (blog)-4 hours ago
The $1.1 billion figure is based on a series of deals Mayor Rahm Emanuel has struck ... to expend political capital to finally grapple with the city's pension debt.

Puerto Rico's Worst-Funded Pension Risks Bondholder Showdown

Bloomberg-45 minutes ago
As if $70 billion of debt wasn't enough. One of the toughest tasks that awaits the federal control board charged with overseeing Puerto Rico's finances may be ...

British firms face higher bill to escape growing pension black hole

Daily Mail - ‎3 hours ago‎
The state of UK Plc's combined pension deficit is in the spotlight after the high-profile collapse of retailer BHS and Indian firm Tata Steel's review of its British operations left the future of thousands of workers up in the air, and rules may yet be ...

Ky court: Police, firefighter pensions can be cut

Police News-17 hours ago
In 2013, Lexington Mayor Jim Gray announced a breakthrough deal to address the $296 million unfunded liability in the city's police and fire pension fund.

Venezuela crushes 2000 guns in public, plans registry of bullets

Reuters - ‎16 hours ago‎
Venezuela has the world's second highest murder rate and the street gangs that plague its poor neighborhoods have become increasingly heavily armed in recent years, at a time when a deep recession has reduced resources available to police. Gangs often ...
Tall's picture
Tall
Status: Platinum Member (Offline)
Joined: Feb 18 2010
Posts: 564
The coral die-off crisis is a climate crime

Vast swaths of coral were bleached this spring, much of the damage done in a matter of weeks as a wave of warm water swept across the Pacific and west into the Indian Ocean. The immediate culprit was clear: the ongoing rise in global ocean temperatures that comes from climate change. But that’s like saying “he was killed by a bullet”. The important question is: who fired the gun?

https://www.theguardian.com/environment/2016/aug/17/the-coral-die-off-cr...

 

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