Daily Digest

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Daily Digest 11/1 - The Titanic Sinks On Election Day, ND Pipeline Battle Rages On

Tuesday, November 1, 2016, 2:05 PM

Economy

State cutbacks, recalcitrance hinder Clean Air Act enforcement (jdargis)

The mostly African-American tenants of Ezra Prentice complain of recurring headaches and nosebleeds and keep their windows shut, even on muggy July days like this one, to avoid gas-like odors they suspect come from idling trains and trucks. Across the tracks, volatile, explosive crude oil from North Dakota is offloaded at Global Partners’ Albany Terminal, a distributor to East Coast refineries and one of the largest sources of local air pollution.

The Titanic Sinks On Election Day (GE Christenson)

Medicare, health insurance, and sick care costs are skyrocketing for individuals and governments. The latest Obamacare increases are frightening. What is the plan to manage and control price increases? Let prices increase until only congress can afford medical insurance? Bankrupt all pension plans that currently offer medical insurance? Wait for Santa to bring free universal health benefits to everyone at no cost to individuals or the government? More “hope and change?” The Easter Bunny again…

Janet Yellen clings to caution in face of stronger growth (Adam)

Investors will be scouring the accompanying statement for clues on how determined the Fed is to raise rates in December. As things stand, the markets are taking policymakers such as Bill Dudley of the New York Fed at their word when they say a move is likely before the year is out if growth stays on track.

The U.S. economy expanded at its fastest rate in two years in the third quarter as an upturn in exports helped drive annualised GDP growth to 2.9 per cent, twice the pace in the previous quarter.

New leak may show if you were hacked by the NSA (jdargis)

The domains and IP addresses purportedly belong to organizations that were hacked by the NSA. But according to Monday's Shadow Brokers post, once they were compromised, some of them may have been used to attack other NSA targets. If true, the list could help other organizations determine who may have been behind suspicious interactions they had with the listed servers. The possibility that some of hacked servers were used to attack other sites were raised by the discussion of a tool called pitchimpair, which the authors claimed is a "redirector." Typically, redirectors are used to surreptitiously direct someone from one domain to another.

The Trick To Generating Income (Tiffany D.)

I don’t use those cards to buy unnecessary items. Instead, I use them for everyday items that I would have purchased anyway — like gas and groceries — and receive cash back for doing so. It’s as simple as that. The key here is that these were items I would have purchased anyway, regardless of the method. So I might as well get paid to do so, right?

=

105 Oil & Gas Bankruptcies: But Production Isn’t Shrinking (Josh O.)

According to Haynes and Boone’s Oil Patch Bankruptcy Monitor dated October 19, as many as 105 North American oil and gas companies have filed for various bankruptcy protections and proceedings since January 2015. The bankruptcies include Chapter 7, Chapter 11, Chapter 15, and Canadian cases. This year alone, a total of 61 producers have filed for bankruptcy. Texas leads the rankings that no state ever aspires to top, with 46 E&P bankruptcies filed over the past two years, the report shows.

North Dakota Oil Pipeline Battle: Who’s Fighting and Why (jdargis)

Members of the Standing Rock Sioux Tribe see the pipeline as a major environmental and cultural threat. They say its route traverses ancestral lands — which are not part of the reservation — where their forebears hunted, fished and were buried. They say historical and cultural reviews of the land where the pipeline will be buried were inadequate. They also worry about catastrophic environmental damage if the pipeline were to break near where it crosses under the Missouri River.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/31/16

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."

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saxplayer00o1's picture
saxplayer00o1
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Why 29,200 Greeks declined to accept their inheritance

In Greece, Property Is Debt

New York Times-6 hours ago
In 2013, two years after a property tax was introduced (previously, real estate tax ... or conveyance taxes), 29,200 people declined to accept their inheritance, ...

 

reflector's picture
reflector
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Posts: 267
The Washington Redskins finally drop offensive name:

The Washington Redskins finally drop offensive name:

Dan Snyder, owner of the NFL Redskins, has announced that the team is dropping “Washington ” from the team name, and it will henceforth be simply known as, “The Redskins.”

It was reported that he finds the word ‘Washington’ imparts a negative image of poor leadership, mismanagement, corruption, cheating, lying, and graft, and is not a fitting role-model for young fans of football.

 

(with props to jsmineset.com)

Time2help's picture
Time2help
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Posts: 2769
October Gun Sales See Massive Spike, Set Yet Another Record

October Gun Sales See Massive Spike, Set Yet Another Record (Washington Free Beacon)

Quote:

The FBI’s background check system for gun sales processed more than 2.3 million checks in October, setting an all-time record for the month.

There were 2,333,539 gun-related checks processed through the National Instant Criminal Background Check System, known as NICS, last month, according to FBI documents posted on Monday. That represents an increase of more than 350,000 checks over the previous October, itself a record. It’s also the 18th month in a row to set a record.

With two months to go, 2016 has already seen 22,206,233 NICS checks, making it the second highest year for checks in the history of NICS with only 2015 seeing more.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4066
Saudi Arabia's Bond Success Hides Its Financial Peril

PH gov't debt hits P6-trillion mark

The Filipino Times (press release)-8 hours ago
The Bureau of the Treasury has revealed that the Philippine national government's debt has breached the P6 trillion mark in September this year after the peso ...

High public debt and the future

wivb.com-16 hours ago
BUFFALO, N.Y. (WIVB) – The nation's gross national debt — which includes debt the federal government owes to itself — now stands at over $19 trillion and ...

Feds predict public books to contain another $31.8B in red ink over ...

Times Colonist-18 hours ago
OTTAWA - Finance Minister Bill Morneau says the country is on track to pile another $31.8 billion onto the national debt over the next five years largely due to the ...

Teacher pension costs to surge, widen hole in next state budget

The CT Mirror-18 hours ago
Figures don't include the annual debt payment the state makes on the loan ... pension fund will increase from $1.01 billion this fiscal year to $1.29 billion in the ...

Saudi Arabia's Bond Success Hides Its Financial Peril

Bloomberg-6 hours ago
... it with huge budget deficits: $98 billion last year and a projected $87 billion in 2016. ... In 2013, government debt to gross domestic product ratio stood at 2.2 ...

Atlantic City Lurches Toward a Takeover as State Rejects its ...

NJ Spotlight-11 hours ago
At the same time, it sought to plug the city's budget deficit, which has bloomed to ... a ratable base that in 2008 totaled $20 billion to just over $7 billion in 2015.

Venezuelan Credit Dashboard: Default Risk Rises Even With Swap

Bloomberg-21 minutes ago
... with ad hoc measures including potential for more debt liability,” Siobhan Morden, ... Trading in credit-default swaps show that investors increased short-term ...

 

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