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Daily Digest 10/16 - Yellen Calls For 'High-Pressure' Policy, The Haunting Song Of Climate Change

Sunday, October 16, 2016, 11:33 AM

Economy

Fed's Yellen says 'high-pressure' policy may be only way back from crisis (Adam)

Yellen's comments, while posed as questions that need more research, still add an important voice to an intensifying debate within the Fed over whether economic growth is close enough to normal to need steady interest rate increases, or whether it remains subpar and scarred, a theory pressed by Harvard economist and former U.S. Treasury Secretary, Lawrence Summers, among others.

Do Lawn Signs Make a Difference in Political Campaigns? (jdargis)

But in this era of online advertising and social media, these headlines beg a bigger question: Are lawn signs really still valuable for political campaigns? Plenty of campaign managers resent them as logistical nightmares with a huge price tag. Do they actually make a difference?

The short answer, according to a first-of-its-kind study last year, is yes — at least a little bit.

The Key To Political Persuasion (jdargis)

Why do we find moral reframing so challenging? There are a number of reasons. You might find it off-putting to endorse values that you don’t hold yourself. You might not see a link between your political positions and your audience’s values. And you might not even know that your audience endorses different values from your own. But whatever the source of the gulf, it can be bridged with effort and consideration.

Fast Fashion Is Creating An Environmental Crisis (jdargis)

Picture yourself with a trash bag of old clothes you’ve just cleaned out of your closet. You think you could get some money out of them, so you take them to a consignment or thrift store, or sell them via one of the new online equivalents, like ThredUp. But they’ll probably reject most of your old clothes, even the ones you paid dearly for, because of small flaws or no longer being in season. With fast fashion speeding up trends and shortening seasons, your clothing is quite likely dated if it’s more than a year old. Many secondhand stores will reject items from fast-fashion chains like Forever 21, H&M, Zara and Topshop. The inexpensive clothing is poor quality, with low resale value, and there’s just too much of it.

Climate Change Blamed for Collapse of Hawaiian Forest Birds (drbost)

Most of Hawaii's forest birds are restricted to forests in high elevations where disease has been seasonal or absent. A sharp increase in disease has occurred over a 15-year period in the upper-elevation forests of Kauai's Alakai Plateau, a highly eroded crater of an extinct volcano, the study said.

The haunting song of climate change, in D minor (jdargis)

Driving for a weekend trip to the Sierras, she turned the volume way up in her car and hit play. A cascading piano was joined by a flute, cello, and other instruments. As the piece continued, the piano’s high staccato notes gave way to lower, more intermittent ones before ending on a wave of strings, leaving a sense of another movement yet to be written.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/14/16

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."

4 Comments

Bankers Slave's picture
Bankers Slave
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Apologies if this has already been posted.

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
pinecarr's picture
pinecarr
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Not good: RT's Bank Accounts Blocked In The UK

From ZH: "RT's Bank Accounts Blocked In The UK; Russia Foreign Ministry Slams RBS' Decision"

While we have yet to get an update from Wikileaks on the status of Julian Assange's internet connection at the Ecuadorian embassy in the UK, which as reported overnight was allegedly "severed" by an unknown "state party", moments ago Russia's RT (originally Russia Today), a television network and website funded by the Russian government, has allegedly seen its bank accounts blocked by the UK, according to a tweet posted moments ago by the station's editor-in-chief, Margarita Simonyan.

"Our accounts in the UK have been closed. All Accounts. 'The decision is not subject to revision'. Long live freedom of speech!" Simonyan said in a Twitter post, suggesting that the move stifles free speech.

Neither of these pieces of news are comforting.  And the freezing of RT's bank accounts certainly seems like an intentional provocation.  "Almost as if" someone is intentionally lighting a fuse to start a conflict with Russia. Now.

http://www.zerohedge.com/news/2016-10-17/rts-bank-accounts-blocked-uk

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4148
Big Central Bank Assets Jump Fastest in 5 Years to $21 Trillion

Big Central Bank Assets Jump Fastest in 5 Years to $21 Trillion

Bloomberg-14 hours ago

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Italy's Renzi presents 2017 budget, seeks compromise with Brussels

Reuters UK - ‎Oct 15, 2016‎
ROME Italian Prime Minister Matteo Renzi announced his 2017 budget plan on Saturday, hoping to persuade the European Commission to approve its minimal reduction in the budget deficit next year while avoiding unpopular belt-tightening. Renzi faces a ...

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