Daily Digest

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Daily Digest 12/5 - The Full Italian Referendum Rundown, A Gallic Dark Horse Emerges

Monday, December 5, 2016, 10:18 AM

Economy

"My Government Ends Here" Renzi Resigns After Losing Italian Referendum: The Full Rundown (Aaron M.)

Meanwhile, not wasting any time, the man who would likely win an election if one were held today, Five Star founder Beppe Grillo, said in a blog post that Italians need elections as soon as possible, adding that the election law for the lower house can be the current one, even though the movement has "always criticized it" and says a new election law for the Senate, with tweaks to make it more governable, can be done in one week.

At the same time, Italy's Salvini, leader of the "Northern League", smelling blood and an opportunity to pounce, said he is ready for elections with any Law, according to ANSA.

Army will deny easement, halting work on Dakota Access Pipeline (Adam)

Officials in November had delayed the key decision, saying more discussion was necessary about the proposed crossing, given that it would pass very near the reservation of the Standing Rock Sioux Tribe, whose leaders have repeatedly expressed fears that a spill could threaten the water supplies of its people.

Fed’s Dudley Says Financial Regulation Job Remains Unfinished (Adam)

Dudley’s comments come amid uncertainty over how far the incoming administration of President-elect Donald Trump will go in dismantling rules designed to prevent a recurrence of the financial crisis of 2007-2009. Republicans in Congress are preparing legislation that would roll back much of the 2010 Dodd-Frank Act that included regulations designed to prevent a repeat of the meltdown.

A Gallic Dark Horse Emerges (James W.)

Let us assume, for the moment, that the second round contest will involve a climatic duel between Fillon and Le Pen. The battle for the future of France will be based on the core issues of security, identity and the economy. Both Fillon and Le Pen advocate harsh measures against jihadi extremists and the preachers of hate who spread hard-line Islamism within Muslim communities. The centre-right has largely deserted the “happy identity” rhetoric of the liberal establishment and has embraced the hard right terrain once exclusively occupied by the NF.

Euro Gains With Stocks as Italy Vote Absorbed in ‘Three Minutes’ (jdargis)

Political risk from Italy hasn’t spread beyond its borders as markets were correctly positioned for the anti-establishment mood sweeping around the world. This was a departure from the Brexit referendum and Donald Trump’s surprise election, when traders were caught out by populist votes.

Solar-Panel Roads to Be Built on Four Continents Next Year (Yoxa)

As solar costs plummet, panels are being increasingly integrated into everyday materials. Last month Tesla Motors Inc. surprised investors by unveiling roof shingles that double as solar panels. Other companies are integrating photovoltaics into building facades. Wattway joins groups including Sweden’s Scania and Solar Roadways in the U.S. seeking to integrate panels onto pavement.

The Wider Ramifications Of The OPEC Deal (Josh O.)

The first tremors will be felt on the U.S. patch, where production has been falling for most of the year. Outside of the Permian basin, conditions among American drillers haven’t been all that encouraging, though the decline in production had stabilized in recent months and markets saw a bump after the election of Donald Trump as U.S. President. Higher prices could help U.S. producers with high costs claw back some market share, but competition will be fierce. An initial bump in prices may prove temporary as it gives U.S. producers incentive to pump more, sending the price back down. Encouraging signs that the OPEC deal will lead to a resurgence in U.S. shale production could prove enduring, however, and the rig count reached a high in the wake of the news. American shale has been the major factor in how this price crash endured long past the point Saudi estimates predicted: it’s a little unclear what the long-term effect will be.

Monsanto Says Next Breakthrough for Farmers Is a Friendly Fungus (jdargis)

Farmers have been using synthetic chemical treatments for seeds for decades to protect plants from pests as they take root, and it’s a mature industry, Monsanto spokesman John Combest said by phone. Microbial seed treatments, in contrast, are niche products that have only boomed in the past decade, he said. The agricultural microbial market currently has about $1.8 billion in sales, while traditional chemicals and pesticides is a market valued at about $240 billion, Combest said.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/2/16

Provided daily by the Peak Prosperity Gold & Silver Group

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5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Venezuela to Issue Bigger Bills This Month as Currency Plunges

Venezuela to Issue Bigger Bills This Month as Currency Plunges

Bloomberg - ‎22 hours ago‎
With the value of Venezuela's largest banknotes reduced to a few U.S. cents by triple-digit inflation and the currency's collapse on the black market, the country's central bank said it will begin circulating higher-denomination notes this month.

China's Dagong Cuts Venezuela Rating

Latin American Herald Tribune-17 hours ago
Venezuela's debt payment environment has deteriorated sharply along with its ... debt extension, the default risk to the government's foreign-currency debt will ...

British households taking on more debt as almost half struggle to ...

City A.M.-13 hours ago
Almost half of British consumers struggle to pay off their credit card bill each month, while the proportion taking on more debt over the last five years has risen ...

Homes of the elderly being seized by local councils to pay for ...

Daily Mail-18 hours ago
Plans to introduce a cap on social care costs this year have been delayed by the ... wrote to Health Secretary Jeremy Hunt calling for the measure to be delayed, ...

Witching hour fast approaching for 10000 city retirees

Chicago Sun-Times-17 hours ago
23, 1989, is protected by the Illinois Constitution's pension protection clause. ... “We saved $100 million in health care costs, and our employee health care ...

Health care costs reach $3.2 trillion

Albany Times Union - ‎Dec 2, 2016‎
FILE - This Feb. 2, 2015, file photo, depicts a part of a U.S. $100 bill. A government report says the nation's health care tab grew at the fastest rate in eight years in 2015, driven by the coverage expansion in President Barack Obama's law and by ...

US Health Spending Grew Especially Fast Last Year

NBCNews.com - ‎Dec 2, 2016‎
"Health care spending grew 2.1 percentage points faster than the overall economy in 2015," the team at the Office of the Actuary at the Centers for Medicare & Medicaid Services (CMS) reported Friday. Health spending also grew rapidly last year and much ...

Feds, retirees get soaked in 'perfect storm' of rising insurance costs

Washington Post-3 hours ago
The first thing they will notice is the 6.2 percent average increase in health insurance ... “This continuation of health-care cost-shifting onto federal workers and ...

LTC liability costs projected to increase 6% in 2017

McKnight's Long Term Care News-10 hours ago
Liability costs are expected to increase to $2,350 per bed, say the authors of the 14th ... and their families, for the nursing center, and for the healthcare system.”.

 

jandeligans's picture
jandeligans
Status: Bronze Member (Offline)
Joined: Dec 21 2011
Posts: 28
Breakthrough for Farmers????

Monsanto is calling it's new coating with microbes a "breakthrough"????!! Hubris has no end. First they kill the soil with tillage and chemicals and genetic engineering so that the soil is no longer the living breathing fertile substance that nature provides for free. All the beneficial microbes are dead. Then they are going to manufacture one or two at great infrastructure cost and sell it back to you to create a breakthrough? First they destroy the ecosystem then they sell a tiny part of it back to you. Notice that this article does not present an opposing view - no organic farmers are interviewed. People today are so disconnected from nature and so in love with technology that they don't actually realize that Mother Nature provides fertility and microbes and pest control for free! But if we continue to allow companies like Monsanto to destroy the ecosytem we will lose that gift. This article makes me want to tear my hair out - and take action against Monsanto. 

Time2help's picture
Time2help
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Posts: 2890
9/11 Truth Action Project (TAP) - Petition

Consider signing the petition to demand a complete, impartial investigation with full subpoena powers into the collapses of all three towers (World Trade Center 1, 2 and 7) on 9/11/2001.

This one is open to the general public, anyone can sign. Takes about a minute.

https://www.911tap.org/join-us/sign-the-petition/

CrLaan's picture
CrLaan
Status: Bronze Member (Offline)
Joined: Sep 5 2010
Posts: 55
jandeligans wrote: Monsanto
jandeligans wrote:

Monsanto is calling it's new coating with microbes a "breakthrough"????!! Hubris has no end. First they kill the soil with tillage and chemicals and genetic engineering so that the soil is no longer the living breathing fertile substance that nature provides for free. All the beneficial microbes are dead. Then they are going to manufacture one or two at great infrastructure cost and sell it back to you to create a breakthrough? First they destroy the ecosystem then they sell a tiny part of it back to you. Notice that this article does not present an opposing view - no organic farmers are interviewed. People today are so disconnected from nature and so in love with technology that they don't actually realize that Mother Nature provides fertility and microbes and pest control for free! But if we continue to allow companies like Monsanto to destroy the ecosytem we will lose that gift. This article makes me want to tear my hair out - and take action against Monsanto. 

http://www.monsanto.com/whoweare/pages/netherlands.aspx

 

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1469
jandeligans wrote: Monsanto
jandeligans wrote:

Monsanto is calling it's new coating with microbes a "breakthrough"????!! Hubris has no end. First they kill the soil with tillage and chemicals and genetic engineering so that the soil is no longer the living breathing fertile substance that nature provides for free. All the beneficial microbes are dead. Then they are going to manufacture one or two at great infrastructure cost and sell it back to you to create a breakthrough? First they destroy the ecosystem then they sell a tiny part of it back to you. Notice that this article does not present an opposing view - no organic farmers are interviewed. People today are so disconnected from nature and so in love with technology that they don't actually realize that Mother Nature provides fertility and microbes and pest control for free! But if we continue to allow companies like Monsanto to destroy the ecosytem we will lose that gift. This article makes me want to tear my hair out - and take action against Monsanto. 

That will provide no balance so expect even worse consequences.   Humans have no deep understanding of how Nature works so playing with some parts of Nature is dangerous.

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