Daily Digest

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Daily Digest 1/16 - Millennial Money Trouble, What Is Holding Renewable Energy Back?

Monday, January 16, 2017, 10:25 AM

Economy

Eight Men Have the Same Wealth As Poorest Half: Oxfam (Don R.)

Oxfam based its calculations on global wealth distribution data from the Credit Suisse 2016 Global Wealth Databook, while the Forbes billionaires list, last published in March 2016, provided data on the world’s wealthiest people. Paul O’Brien, vice president for policy and campaigns, called the numbers “mind-boggling” and the “sobering reality of 2017” in a statement on Sunday.

The eight richest men in the world—Bill Gates, Amancio Ortega, Warren Buffett, Carlos Slim Helu, Jeff Bezos, Mark Zuckerberg, Larry Ellison and Michael Bloomberg—have a combined net worth of more than $426 billion, according to Forbes data.

Washington: You're Fired (James W.)

There has been quite frankly too much self-interest, horse-trading and wastage going on in Washington for years and the electorate, who are far smarter than the so-called elites could ever bring themselves to believe, know it.

Telling Lockheed Martin and Boeing to come back to the table with much better deals for their bloated F-35 and Air Force One projects was just the start. And Trump isn’t even the president yet.

Trump to Meet Martin Luther King Jr.’s Eldest Son to Observe Holiday (jdargis)

The unexpected move comes as tensions escalate between the incoming president and a number of prominent black elected officials after Mr. Trump feuded with Representative John Lewis, Democrat of Georgia, who had fought for civil rights alongside King.

Money trouble (Merle2)

The findings are consistent with recent academic research describing the decline in opportunities for young Americans. In a paper published last year, Stanford economist Raj Chetty reported that on average half of people born in the mid-1980s earn more than their parents did at age 30. By comparison, 70 percent of people born in 1955 earned more than their parents did by the age of 30.

Living Standards Better Growth Gauge Than GDP, Davos Forum Says (jdargis)

Inequality and the frustrations of those who feel left behind by globalization will be one of the main topics of discussion at the forum’s annual meeting in Davos, Switzerland, which begins on Tuesday. The gathering of political leaders, corporate executives, investors and academics has been at the forefront of advancing the economic integration opposed by U.S. president-elect Donald Trump as well as European populist parties, a tension that will be obvious at this year’s event.

What Is Holding Renewable Energy Back? (Josh O.)

We could be entering a new era in energy, and an era renewable investors and environmental advocates have been touting this century. Unfortunately, there are glaring weaknesses being over looked. For renewables to truly breakthrough into a low-cost, scalable energy along the lines of coal, oil, and natural gas numerous obstacles such as costs, back-up generation power, storage, and grid modernization will need to be solved.

Two for the Price of One: Russian Scientists Build Solar+Wind Power Generator (Adam)

"Russia is a pretty unique country when it comes to alternative energy. The average wind speed and insolation in our country are much lower than those in leader-states of 'green power' generation like Denmark, so foreign systems of this type usually perform poorly in our parts," Perevalov said.

The Hermit Who Inadvertently Shaped Climate-Change Science (jdargis)

The site of the RMBL was once a silver boomtown in the 1880s, but within a decade it’d been abandoned for richer mines elsewhere. In 1928, a biology professor rediscovered the area and founded what is now a summer pilgrimage of scientists. Researchers at the lab sleep in cabins and university department presidents and lowly students share mess hall tables, working side-by-side on long-term conservation studies. One of the lab’s longest-running studies is a wildflower research project started by ecologist David Inouye.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/13/17

Provided daily by the Peak Prosperity Gold & Silver Group

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Nate's picture
Nate
Status: Platinum Member (Offline)
Joined: May 5 2009
Posts: 573
The Deep State

Fox host Tucker Carlson invites The Intercept’s Glen Greenwald to discuss why the intelligence agencies appear to be in conflict with President Elect Donald Trump. Glenn Greenwald breaks down how the recently leaked 35-page-dossier could have only been injected into the media narrative from one of the intel agencies at odds with, and at risk from, President Trump. WATCH:

 

Mounting evidence supports the ongoing thesis the Department of Defense has actually seceded from the political elites; and with the election of President Donald Trump, they are poised on the horizon to reconstruct a nationalist-minded defense, intelligence and security apparatus.

This is the fundamental paradigm shift many have discussed, yet few imagined possible.

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