Daily Digest

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Daily Digest 11/28 - Coal Country Has Faith In Trump, Resurrecting the American Dream

Monday, November 28, 2016, 11:57 AM

Economy

Why India's prime minister wants a cashless society (Adam)

The defense came weeks after Prime Minister Modi's controversial decision on Nov. 8 to invalidate 86 percent of currency in circulation, a move denounced by many in a country where roughly half the population does not have a bank account. One recent poll found that more than 60 percent of Indians feel their nation is not ready to go cashless.

Professor Watchlist Is Seen as Threat to Academic Freedom (jdargis)

Professor Pino said professors should not fight the creators of the list directly but instead seek allies on and off campus to address what gave rise to the atmosphere that allowed the website to flourish in the first place.

The professor is listed on the site because, it says, he faced investigation by the F.B.I. “for connections to ISIS.” He declined to address the allegations, but has denied any ties to the terrorist organization and has spoken out against violence, according to The Plain Dealer in Cleveland.

Resurrecting the American Dream (Tiffany D.)

For this rising generation (who number more than 91 million in the U.S.), the American dream has been put on hold as they struggle with student loan debt and finding a good job. That 32.1% represents millions of people who are preparing to jump from the sidelines to buy their first home.

Trump’s Promises Will Be Hard to Keep, but Coal Country Has Faith (jdargis)

In his postelection message to the nation, Mr. Trump promised to create “many millions of high-paying jobs” in energy, including coal. But utility companies have drastically reduced their reliance on coal, in part because of President Obama’s aggressive regulations to cut emissions that cause global warming, but also because natural gas is cheaper. Nationally, about 300 coal-fired power plants have closed since 2008, according to the National Mining Association, an industry group.

Physics from the edge: The hidden crisis in physics (Arthur Robey)

Consider the galaxy rotation problem. Galaxies spin far too fast for general relativity to hold them together, so huge amounts of invisible (dark) matter must be added to them in a weird halo-like formation that has no explanation. There is no experimental evidence for dark matter, and for each different galaxy the dark matter has to be added by hand in such a way as to make general relativity work. This means dark matter is ad hoc and not predictive and so we may as well attribute the rotation to lingering poltergeists. In contrast, MiHsC predicts galaxy rotation without any 'fiddling'.

The Three Faces Of Climate Change (Josh O.)

But’s let’s go back to temperature rise which we should all be able to agree on. If, as some project, a 2 degree increase in global temperatures leads eventually to a 25 meter increase in sea level, that would affect a significant percentage of the world's population residing in coastal areas. By some estimates severe coastal inundation, which some geophysicists consider virtually inevitable, may take place over long time horizons like 250 to 500 years. But smaller rises in sea level, and still severe damage from hurricane storm surges, could take place sooner and that is the issue we need to discuss.

Deer eaten alive in Florida signals reappearance of devastating parasite (jdargis)

But this year, state officials in the Florida Keys started seeing grotesque lesions on Key deer—an endangered species that is the smallest of North America’s white-tailed deer. Since July, about 15 percent of the Key deer population (132 animals) have died of the infection, and authorities have found other animals in the area, mostly pets, infected. Authorities confirmed the fly’s return through lab testing in late September.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/25/16

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."

5 Comments

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Online)
Joined: Jun 25 2014
Posts: 835
Standing Rock and banks

Just a point that has been made out at the Standing Rock protests:  withdrawing your money -- all of it -- from banks that fund this might be one way to battle the problem.

Their advice is to put your money into credit unions.

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 572
Is that the smell of sacred cow shit or. . .

If we have learned anything from the Trump victory in the US, it may be that keeping the little guy on your side can put you into a majority position.  Are the Indians getting played?  Perhaps; but more elections are coming up in India and it may be interesting to see how things shape up. (Daily Digest. 11/21  -  my comment #8)

Thanks Adam for posting  -  Why India's prime minister wants a cashless society (Adam) 

It will be interesting. I wonder if Donald is taking notes on how to manage the FED!

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 419
Re:Physics from the edge: The hidden crisis in physics

FWIW:

As far as Galaxy rotation (gravitationally locked). Its very likely that the hidden mass is just ordinary matter. Just 10% of the matter in a typical galaxy is visible. This seems to be about right from a common sense point of view. When a star forms most of the mass in its surronding area is blown away.

That said the standard model has a huge paradox: gravity and the big bang. consider that the mass of the entire universe would have an escape velociy of millions of times the speed of light. All that mass in the early universe would have collapsed backed into a signularity in a femtosecond. Currently cosmoslogists use the theory inflation to address the paradox in which the speed of light was much greater during the early universe. However observation points that mass causes the speed of light to slow, which would be the opposite of inflation. In my opinion the Big bang never happened. The BBT is just a simple way to explain an expanding universe. 

 

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 419
Re:Standing Rock and banks

"Their advice is to put your money into credit unions."

Unfortunately credit unions have all the same problems of the bigger banks, and are much more vulerable to low interest rates than the bigger banks. The low rates leave them no margin for errors.The next financial crisis is likely to wipe out most of the credit unions, and the  Frank-Dodd law makes its unlikely they will get bailed out. In my opinion there are are no "safe spaces" for capital. 

https://www.cuinsight.com/how-decreasing-gas-prices-could-affect-your-cr...

http://www.cutimes.com/2016/11/25/credit-unions-seek-new-business-growth...

"Take it from credit union executives and experts who say generating new revenue is about getting back to basics, taking on more risk, looking for untapped markets"

"Although car loans keep the revenue engine humming for most credit unions"

http://www.bankingexchange.com/news-feed/item/6565-upshifting-on-auto-le...

"Lenders drive into auto even as credit quality concerns mount"

"Concerns about auto loans have increased as delinquencies have ticked up and subprime lenders have faced increased scrutiny, seemingly making it a difficult time to enter the space. For example, data from credit agency Experian shows that 2.25% of all auto loans were 30 days past due in the second quarter, up from 2.15% a year earlier."

 

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 319
"Useful Idiots"

Matt Taibbi did a great job shaming the Washington Post yesterday over at Rolling Stone.For the Alex Jones fans,this is probably not for you....

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