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Daily Digest 9/1 - The Court That Rules The World, Why Is Large-Scale Wind Power So Hard To Build?

Thursday, September 1, 2016, 11:04 AM

Economy

The Court That Rules The World (richcabot)

This system is already in place, operating behind closed doors in office buildings and conference rooms in cities around the world. Known as investor-state dispute settlement, or ISDS, it is written into a vast network of treaties that govern international trade and investment, including NAFTA and the Trans-Pacific Partnership, which Congress must soon decide whether to ratify.

Homeland eyes special declaration to take charge of elections (LesPhelps)

DHS describes it this way on their website: "There are 16 critical infrastructure sectors whose assets, systems, and networks, whether physical or virtual, are considered so vital to the United States that their incapacitation or destruction would have a debilitating effect on security, national economic security, national public health or safety, or any combination thereof."

When Work Is Punished Again: "If You Accept This Raise, You Fall Off The Welfare Cliff" (Adam)

If you take your employer’s offer, you’ll earn $5,451 more after taxes, $27,572. You will also become eligible for an Affordable Care Act (ACA) premium tax credit. But at that level of earned income all your other benefits would decrease by $8,336, more than your increase in net pay. That means the income you would bring home would decrease from $63,586 to $60,701.

Why Millennials, by the Numbers, Can't & Won't Grow the U.S. Out of Trouble (Chris H.)

It is true that there are more Millenials than Boomers. But to compare apples to apples, I'll compare the two groups as they made their way through the 15-34yr/old population segment (kinda like tracking the Mississippi river around about Davenport, Iowa to know what downstream communities like St. Louis, Memphis, and eventually New Orleans should expect). When the Boomers exited this segment in 1981 (heading for adult prime time), they numbered about 81 million. Likewise, the Millenials are now making their transition to adulthood and they number about 88m. Or simply put, there are about 6.7 million more Millenials than Boomers (comparing peak to peak).

All Time Highs and Lows … and the Great Collapse (Taki T.)

Welfare, unemployment, and food stamp costs in the US. Why are over 45 million people receiving SNAP (food stamps) benefits if the economy is “fine?” Why is the supposed unemployment rate so low when so many Americans are out of work?

Winds Of War: Is Russia Conducting A Massive Mobilization Of Troops For An Invasion Of Ukraine? (Aaron M.)

If there is going to be a Russian invasion of Ukraine in September, Kavkaz 2016 will likely be used as cover for invasion preparations. It is a yearly exercise, but in 2016 it looks like it will be much bigger than ever before, and some analysts have pointed out that the Russians have not conducted a mobilization on this scale since the invasion of Czechoslovakia in 1968. Here is more on Kavkaz 2016 from the Daily Signal…

Marxist Bubbles and Taleb's Turkey (Alex)

So what happens when instead of being deployed by thinking profit-driven investors… a growing portion of a nation’s savings are invested with the same diligence generally utilized by a co-worker choosing donuts for his office mates: “Umm…yeah, I’ll take two dozen of whatever you got?”

Wall Street Is Destroying the Economic Recovery (Tiffany D.)

Every month for the last few years, the preponderance of jobs we’re adding are in low-wage service-sector corners of the economy. Or they’re low-wage white-collar jobs in office administration, education, menial health care and temp agencies. Average pay in every case is below the U.S. median, meaning the ability of the American worker to pursue a consumption-oriented middle-class life is increasingly difficult, which, in turn, is part of the reason our economy (deeply dependent on the consumer) continues to struggle seven years after the recovery began.

5 Ways Blockchain Solves Inequality In The World (Taki T.)

In order to understand the revolutionary aspect of Blockchain, it is key to understand that the whole world today relies entirely on big intermediaries: middlemen like banks, government, big social media companies, credit card companies and so on. And these intermediaries perform all the business and transaction logic of every kind of commerce, from authentication, identification of people, through to clearing, settling and record keeping. And overall, they do a pretty good job. But there are growing problems, including:

Quantum mechanics trumps nonlocal causality (Arthur Robey)

Perhaps quantum mechanics is incomplete, though, and the properties were actually fixed within the particles all along. This "local realist" picture, in which quantum particles have intrinsic, localized properties even if we can't see them directly, was assumed by Albert Einstein and colleagues in 1935 when they argued that such instant action at a distance creates a paradox for quantum mechanics.

Why Is Large-Scale Wind Power So Hard To Build? (Josh O.)

The BLM’s solution to this issue is to change the way it deals with land allocation. Essentially the government has two methods for dealing with private use of public land: first-come, first-served, and competitive bidding. The former method is used for cases like power line right of ways and engineered ditches. The latter is used for natural resource leases like oil and gas rights. Currently, wind farms operate on the former system. The BLM is proposing to switch to leasing windfarm acreage under the latter system as it does with O&G properties.

USDA Sees 2016 Farm Income Crashing As Farmer Leverage Spikes to 34 Year Highs (Don R.)

Most food grown in the U.S. has come under extreme pressure in 2016 due primarily to lower Chinese consumption resulting from the combined effect both a weak Chinese economy and a relatively strong U.S. dollar. This slack in demand has resulted in massive supply gluts for several commodities as producers failed to adjust supply quickly enough to meet new levels of demand.

Unfortunately, per the USDA's latest farming income forecast for 2016 (released yesterday), conditions only look to be getting worse for farmers as demand still remains low but supply has been slow to adjust in the wake of improving yields. Below are a couple of the key takeaways from the USDA's 2016 forecast.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/31/16

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."

11 Comments

thc0655's picture
thc0655
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Posts: 1714
City judge rules city can prohibit growing vegetables in front

http://www.thedailysheeple.com/wow-judge-rules-government-can-ban-vegetable-gardens-because-theyre-ugly_092016

“If Hermine and Tom wanted to grow fruit or flowers or display pink flamingos, Miami Shores would have been completely fine with it,” said their lawyer, Ari Bargil with the Institute of Justice. “They should be equally free to grow food for their own consumption, which they did for 17 years before the village forced them to uproot the very source of their sustenance.”

In modern day America, growing your own food has now become a revolutionary act.

concad's picture
concad
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City judge rules city can prohibit growing vegetables in front

The land of the free????

saxplayer00o1's picture
saxplayer00o1
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Joined: Jul 30 2009
Posts: 4239
$19.51 Trillion

The Debt to the Penny and Who Holds It

( Debt Held by the Public vs. Intragovernmental Holdings )

Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
08/31/2016 14,104,113,716,888.75 5,406,182,525,876.91 19,510,296,242,765.66

National debt hits $19.5 trillion

Washington Examiner (blog)-3 hours ago
The debt clocked in at $19.51 trillion at the end of Wednesday, the Treasury ... The national debt hit $19 trillion for the first time ever on Jan. 29.

============================================================

========================Throwback Thursday=====================

Clinton Projects $1.9 Trillion Budget Surplus

President Clinton today projected that the United States will have a $1.9 trillion budget surplus over the next decade. He said the increase in the expected surplus means the government will be debt-free by 2010..............................

Over that same 10-year period, the surplus for Social Security is expected to grow to $2.5 trillion while the Medicare surplus is expected to grow to $532 billion, Lew said.

President-elect Bush argued during his campaign that his proposal for more than $1.3 trillion in tax cuts over 10 years can be paid for by budget surpluses without eroding Social Security’s trust funds.

lambertad's picture
lambertad
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Posts: 185
Land of the free

Myself and a buddy spent about 6 10 hour days 2 weeks ago putting up a shed in my backyard. I got a notice on my door this week that my shed was not "entirely" in the rear yard. The threat is a citation within 10 days if I don't "move shed accordingly". I guess they don't understand the theory of stick building a shed and think all sheds are delivered from Lowes on a flat bed truck and can just be moved willy nilly. Funny thing is, 3 of my neighbors have sheds 'not entirely in their rear yard', so what gives? I feel like a Kapuchin monkey ready to throw grapes at the poor code enforcement officer tasked with nagging homeowners over stupid code violations i.e. growing vegetables in your front yard. Can you imagine going to work every day knowing you have to nag people over such a thing? Depression anyone?

robie robinson's picture
robie robinson
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Joined: Aug 25 2009
Posts: 1221
Why?

I still do not understand why a self aware, prescient human would live where the community is not tolerant or even better, enjoy the endeavors of their peers.

settle yawls mares,

 

 

 

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
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Posts: 928
Check your city code, lambertad

Often, city code says something like, "All new sheds must be constructed entirely in the back yard, UNLESS the majority of houses within 500 feet have a shed not constructed in the back yard."  Check your city code, and you may find that you can fight the citation.

Knowing the law is 9/10 of tearing the shed down.  Or of leaving it up.

Time2help's picture
Time2help
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Posts: 2890
Did you know?

Bankers Slave's picture
Bankers Slave
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Posts: 523
Its just a notice!

A piece of paper is lifeless and powerless unless you give it that power by responding. Ignore it. If they come to the door just ask questions do not give answers, ie are you JOHN DOE? answer, Am I obliged to answer any of your questions, or even better just do not answer the door and they can deliver another notice! Anyway you did not get any notice because it blew away in the wind or someone must have torn it down!

Thats the problem with the public, it wont mind its own bloody buisness. No doubt a nosey neighbour dropped you in it!

Stick up your own notice on the front gate listing the officials that are not permitted onto your property beyond the gate and penalty charges apply! Play there own game and have some fun.

Michael_Rudmin's picture
Michael_Rudmin
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Double Post

Duplicate

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
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Posts: 928
BS, don't those games usually end in suicide?

Banker's Slave, I've seen these games played out on the news repeatedly in the past.

When a person battles city hall, don't these battles usually escalate to the point that the homeowner commits suicide?  If you're going to counsel a person in that direction, well...  why would you do such a thing?

If you think this needs to go to life-and-death, why don't YOU get out there and turn it into a shooting war?

But if, as I surmise, you don't really have skin in this game, then why do you encourage him to "have fun" with people who will use evil ordinances to rob a man of his property, his life, and all? 

If you don't remember the Freemen, or the Chicken Man, or many others (including front yard garden cases), here's the escalation that is typical:

Man or woman puts up improper building, maybe has an offending garden, who knows what.
Evil neighbor or evil assessor turns him in.
City Hall posts the takedown notice.
Man ignores notice -- OR DOESN'T GET NOTICE (it doesn't matter)
City Hall posts a fine.
Man ignores fine -- OR DOESN'T GET NOTICE (it doesn't matter)
City Hall posts penalties.  At this point, a $300 fine has typically escalated to about $10k-$12k.  If it goes long enough, it escalates to $40k-$50k
At some point evil neighbor puts property up for auction [that is, requests the city to auction it off]
Property goes up for auction and sells (sometimes to evil neighbor, sometimes not).
Man does not vacate.
Police are posted; Hostage or barricade situation begins.
Man commits suicide.



Banker's Slave, it should ALWAYS BE A NONISSUE:  YOU DON'T MESS WITH THE EAGLE.

The Eagle is staffed with people who make it their business to make sure that you will hurt more than they; and they don't mind killing.  They are further manipulated by thieves who want to hurt their neighbors, and don't mind seeing their neighbors killed.

Please don't help them in their goals, by egging innocents on.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
ECB Throws Twelfth Zero at Inflation

ECB Throws Twelfth Zero at Inflation

Bloomberg - ‎1 hour ago‎
... the central bank where commercial institutions have their accounts. And because the ECB's stimulus package also includes a negative deposit rate of 0.4 percent, lenders are charged for that surplus cash. Click here to learn how negative interest ...
 

Echoes of 2008 as danger signs are ignored

Financial Times-22 hours ago
What is equally striking are the numerous tiny signals that tend to go ignored: the fact that in Denmark mortgages now carry negative interest rates; or that in ...

Exclusive: Key BOJ policymaker signals fine-tuning, not overhaul, of stimu...

Reuters - ‎10 hours ago‎
TOKYO The Bank of Japan can maintain its base money target and utilize existing tools to expand stimulus, rather than use this month's policy review for a major overhaul of its monetary framework, a board member who could cast a decisive vote said.

Japan second-quarter GDP seen revised down to 'unchanged' on ...

Reuters-8 hours ago
... and the yen's gains ease, we must remain vigilant against the risk of the economy hitting new lows, until the planned economic stimulus is fully implemented.".

Marooned Hanjin vessels spark shipping crisis

gulfnews.com - ‎1 hour ago‎
The company is foundering under a debt estimated at some six trillion won ($5.37 billion), posting a net loss of more than 473 billion won in the first half of this year after racking up total net losses of about 1.2 trillion won over the past three ...

Chinese think tank raises alarm over 'poisonous' debt, with no quick ...

South China Morning Post-22 hours ago
Leverage in China has soared to alarming levels, with overall debt swelling to ... or 154 trillion yuan (HK$179 trillion), the National Institution for Finance and ...

As G20 seeks to spur global economy, fiscal push still elusive

Reuters UK-6 hours ago
... years, announced last month a 13.5-trillion-yen spending plan which includes ... Many euro zone governments are still struggling with the legacy of debt and ...

IMF's Lagarde says likely to cut growth outlook as trade wanes

Reuters-22 hours ago
The funds are needed to allow a $12 billion IMF loan program to be ... One, there has to be significant reforms and second there has to be a debt that is ...

Treasury to Sell $116 Billion in Debt

Wall Street Journal-21 hours ago
The Treasury Department will auction $116 billion in securities next week, comprising $36 billion in new debt and $80 billion in previously sold debt. Details (all ...

S&P warns Chicago schools' B+ credit rating could fall

Reuters-17 hours ago
... $1.55 billion of short-term debt for cash flow purposes. S&P said it could drop the rating multiple notches if CPS is unable to obtain credit lines to aid cash flow.

Chicago's pension debt still is a "sinkhole"

ChicagoNow (blog)-21 hours ago
Chicago's pension debt still is a "sinkhole" ... Instead Fitch has decided to keep the BBB-minus rating on the city's 9.2 billion in outstanding general obligation ...

Minnesota health insurers propose big premium hikes for individual plans

Minneapolis Star Tribune - ‎19 hours ago‎
Insurers defend the proposed spikes as necessary given escalating medical costs among enrollees. One health plan, in fact, said the only alternative ... “Overall, as a result of the Affordable Care Act, we have the lowest rate of uninsurance in our ...

'We're Hungry': Thousands Protest in Venezuela's 'Toma de Caracas'

NBCNews.com - ‎17 hours ago‎
CARACAS, Venezuela - The Venezuelan opposition made a call 40 days ago urging the country's residents to protest against Nicolás Maduro's government. And their supporters answered on Thursday. Thousands of people from all over the country said ...

 

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