Daily Digest

Image by justinbaeder, Flickr Creative Commons

Daily Digest 10/17 - TX Making Energy Recovery, RT Accounts Blocked In UK

Monday, October 17, 2016, 9:59 AM

Economy

RT's Bank Accounts Blocked In The UK; Russia Foreign Ministry Slams RBS' Decision (pinecarr)

“We have recently undertaken a review of your banking arrangements with us and reached the conclusion that we will no longer provide these facilities,” NatWest said in a letter to RT’s London office. The bank said that the entire Royal Bank of Scotland Group, of which NatWest is part of, would refuse to service RT.

The letter said the decision was final and that it is “not prepared to enter into any discussion in relation to it.”

The World’s Most Dangerous Systemic Risks for the Week Ending October 14 (James A.)

The MOB’s network architecture is the three-tiered hierarchy and dense interconnectedness of {currencies ⇋ bonds ⇋ derivatives} and this network is embedded in every global systemically important bank (GSIB) node, not just a single node failure like Deutsche Bank (or Lehman Brothers in 2008) in the GSIB network architecture. Simply, it is a network nested inside a network. A bond selloff has high network centrality in every node, not just one, and then radiates outwardly simultaneously from each and every node — it is like every major star in a galaxy exploding at the same time. The MOB’s gargantuan size is highly appreciated but this architectural vulnerability and its detonation is an unrecognized hazard — a black swan hereby is now a gray one.

Executive Order -- Coordinating Efforts to Prepare the Nation for Space Weather Events (Aaron M.)

It is the policy of the United States to prepare for space weather events to minimize the extent of economic loss and human hardship. The Federal Government must have the capability to predict and detect a space weather event, the plans and programs necessary to alert the public and private sectors to enable mitigating actions for an impending space weather event, the protection and mitigation plans, protocols, and standards required to reduce risks to critical infrastructure prior to and during a credible threat, and (4) the ability to respond to and recover from the effects of space weather. Executive departments and agencies (agencies) must coordinate their efforts to prepare for the effects of space weather events.

The Best Days to Trade Stocks (Tiffany D.)

When adding the last three trading days of the month to the first two, it creates a five-day trading window during which investors can expect outperformance. Therefore, you would look to invest ahead of and exit at the end of this five-day span.

Ever Ask Yourself, "What Does It Really Mean?" (DG)

So the real question that this chart would address would be, "What did the stocks most widely owned, do relative to the Gold, Silver Stocks and miners?"

Texas Is Making An Energy Recovery (Josh O.)

Overall in the Texas economy, the Lone Star State added 21,400 non-farm jobs in August, and its seasonally-adjusted unemployment rate increased to 4.7 percent in August, up from July’s 4.6 percent, but still below the national rate of 4.9 percent, the Texas Workforce Commission said in its latest monthly report.

Tesla, Panasonic deepen ties with tentative solar panel manufacturing agreement (jdargis)

Now Tesla and SolarCity must convince their shareholders to accept the deal between the two companies. Tesla made the offer to buy Solar City for $2.6 billion in June in an all-stock deal that would give SolarCity investors 0.11 Tesla shares for every SolarCity share they own. Tesla claimed at the time that the deal would generate $150 million in “cost synergies,” including lower marketing costs and selling SolarCity products from Tesla storefronts.

How the Chemical Industry Joined the Fight Against Climate Change (jdargis)

Some environmentalists contend that the chemical companies were allowed to have too much input into the Kigali deal. They also say the deal could have been more ambitious in timing and scope.

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."

7 Comments

Time2help's picture
Time2help
Status: Diamond Member (Online)
Joined: Jun 9 2011
Posts: 2888
Meh.

Time2help's picture
Time2help
Status: Diamond Member (Online)
Joined: Jun 9 2011
Posts: 2888
Repost from ZH

Quercus bicolor's picture
Quercus bicolor
Status: Gold Member (Offline)
Joined: Mar 19 2008
Posts: 470
Clinton campaign corruption

Wow.  It couldn't be clearer than that. 

I wonder about Trump.  He is politically inexperienced and perhaps wasn't engaged in these kinds of illegal activities.  But then again, maybe the staff he hired to manage his campaign brought him up to speed.  Once thing I'm pretty certain of - if it had been Rubio or Cruz or Bush, they would have done the same types of things.

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1712
Dallas police/fire pension system dying on the vine

https://mishtalk.com/2016/10/16/dallas-police-retiring-in-droves-taking-lump-sum-pensions-fearing-the-money-isnt-there-and-it-isnt/

The Dallas police and firefighters pension fund has just 45% of the money it needs to cover benefits. The fund rates to be out of money in 15 years at the current rate of withdrawals.

For those eligible, the sane thing to do is retire and take a lump sum payout before the money is all gone.

That’s precisely what’s happening, and it is further pressuring the system.

And to say the fund's NPV is 45% is only true if you accept the plan's expected rate of return on their investments is over 7%.  Yeah, right.

MarkM's picture
MarkM
Status: Platinum Member (Offline)
Joined: Jul 22 2008
Posts: 855
thc0655
thc0655 wrote:

https://mishtalk.com/2016/10/16/dallas-police-retiring-in-droves-taking-lump-sum-pensions-fearing-the-money-isnt-there-and-it-isnt/

The Dallas police and firefighters pension fund has just 45% of the money it needs to cover benefits. The fund rates to be out of money in 15 years at the current rate of withdrawals.

For those eligible, the sane thing to do is retire and take a lump sum payout before the money is all gone.

That’s precisely what’s happening, and it is further pressuring the system.

And to say the fund's NPV is 45% is only true if you accept the plan's expected rate of return on their investments is over 7%.  Yeah, right.

Who thought up the DROP?
http://www.dallasnews.com/news/news/2016/09/26/bank-run-220-million-with...
Things don't look good. I can't find the link, but the pension recently asked for 34 million from the city to shore things up. Not good.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Not that YOU need it,

but I thought that this lecture might offer some tips to everybody else.

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Twenty one days to go.

Toughen up, we can do this thing.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments