Daily Digest

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Daily Digest 10/14 - Good News Friday: Where to Find Vitamin B12, 3-D World Map Of Unprecedented Accuracy

Friday, October 14, 2016, 10:29 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!

Economy

SolarReserve Planning World’s Largest Solar Farm for $5 Billion (jdargis)

The project would be built in stages over seven years and the company is seeking to break ground within three years, Smith said. SolarReserve plans to market electricity from the sprawling project to California utilities, which under state law must source half their power from renewable sources by 2030.

Meet the Ex-Inmate Whose Successful Prison Rehab Program Goes Beyond Drug Treatment (TOF)

Timelist comes at a time when the California Department of Corrections and Rehabilitation is overhauling its system, following a 2011 U.S. Supreme Court order to reduce the state’s overcrowded prison population by over 30,000. Voters in the once tough-on-crime state voted in 2014 to recategorize nonviolent offenses and release thousands of nonviolent drug offenders. The sudden spike in parolees and forthcoming policy changes has triggered a greater need for rehabilitation programs that help inmates prepare to reenter society.

The Paris Agreement Is Officially Coming Into Effect (jdargis)

“By the end of the day, we expect the Paris agreement on climate change to have crossed the second and final threshold needed for it to enter into force,” U.N. spokesman Farhan Haq told the Associated Press. Haq noted that the E.U., Canada, and Nepal all were expected to ratify the agreement Wednesday. With those three nations, the agreement surpasses the 55 percent mark.

Don't Fear The Tech Revolution (jdargis)

That’s why the Internet of Things revolution is going to create massive winners in the stock market. And it’s why those who choose not to capitalize on it are akin to the investors who didn’t buy into the beginning of the Internet and computer-networking revolution of the mid-‘90s.

Five years of observations from tandem satellites produce 3D world map of unprecedented accuracy (Yoxa)

TanDEM-X and TerraSAR-X are twins created by the German Aerospace Center, or DLR; the first was launched in 2007 and the second in 2010. Once aloft, they found each other and began flying in formation — about 350 feet apart, but exact enough that error was measured in millimeters.

Here’s why you need vitamin B12, and where you can find it (jdargis)

Okay, so you see it’s important. About 15 percent of Americans don’t get enough of it — and “a B12 deficiency can go undiagnosed for years,” J.J. Virgin writes in Prevention magazine. Symptoms such as fatigue, shortness of breath and forgetfulness might point to such a deficiency and should not be ignored.

Coconut Oil Changed My Life (jdargis, humor)

It’s organic and gluten-free, and it will give you control over time and space—power beyond anything ever dreamed by man. What’s not to love about coconut oil?

Gold & Silver

Click to read the PM Daily Market Commentary: 10/13/16

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

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Over $19.7 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
10/13/2016 14,225,008,508,056.12 5,495,822,314,247.37 19,720,830,822,303.49

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Unfunded Public Pension Liabilities Near $5.6 Trillion

Unaccountable and Unaffordable 2016: Unfunded Public Pension Liabilities Near $5.6 Trillion

Introduction

State public pension plans are now underfunded by nearly $5.6 trillion – an increase of almost $900 billion from State Budget Solutions’ (SBS) last comprehensive report in 2014. When state pension funds are examined through the lens of a more realistic valuation, pension funding gaps are revealed to be much larger than reported in official state financial documents. This report totals state-administered plans’ assets and liabilities and finds nationwide total unfunded liabilities to be $5.59 trillion. The nationwide funding level is a mere 35 percent, which is one percentage point lower than two years ago. Combined across all states, the price tag for unfunded pension liabilities is now $17,427 for every man, woman and child in the United States.

Portugal Cuts Economic Growth Forecasts, Sees Higher Debt Ratio

Bloomberg-15 hours ago
Debt is projected to increase to 129.7 percent of gross domestic product in 2016 ... In September it announced plans to inject as much as 2.7 billion euros ($3 ...

Italy Debt Tops 150% of GDP Without Underground, Illegal Economy

Bloomberg-22 hours ago
Italy's public debt would exceed 150 percent of the value of all goods and services ... The total of underground and illegal economy was worth 211.3 billion euros ...

Italy to present budget Saturday, seeks compromise with Brussels

Reuters-22 hours ago
... growth remaining weak, only by curbing the deficit can Rome rein in its public debt, ... These remain vague but the government has so far said only 2.6 billion ...

Politics|US Deficit Increases to $587 Billion, Ending Downward Trend

New York Times-12 hours ago
The $587 billion deficit for fiscal year 2016 is equivalent to 3.2 percent of the gross domestic product, the measure of the overall output of the economy.

 

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