Daily Digest

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Daily Digest 1/20 - Good News Friday: Inauguration-Goers Hope Life Will Improve Under Trump, How To Run For Office

Friday, January 20, 2017, 11:30 AM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

Inauguration Day (Tiffany D.)

When the first President, George Washington, placed his hand upon the Bible, he stood less than a single day’s journey by horseback from raw, untamed wilderness. There were 4 million Americans in a union of 13 States. Today, we are 60 times as many in a union of 50 States. We have lighted the world with our inventions, gone to the aid of mankind wherever in the world there was a cry for help, journeyed to the Moon and safely returned. So much has changed. And yet we stand together as we did two centuries ago.

Inauguration-goers: Here’s how I hope my life will improve during Trump’s presidency (jdargis)

The Reeds have another, more idiosyncratic wish: Under President Trump, they’re hoping economic conditions improve enough for them to start their own company. Robert currently sells vinyl railing and siding and Wanda does secretarial work in a medical office. But the couple are motorcycle enthusiasts, and they want to launch a business that would hire out bikes and drivers to tug hearses (for funerals) and Cinderella-style carriages (for weddings).

“I’m hoping that through him, with the changes, it’ll be easier to get a business loan,” Robert Reed said.

In 1971, the People Didn’t Just March on Washington — They Shut It Down (jdargis)

The protest certainly interfered with business as usual in Washington: traffic was snarled, and many government employees stayed home. Others commuted to their offices before dawn, and three members of Congress even resorted to canoeing across the Potomac to get themselves to Capitol Hill. But most of the planned blockades held only briefly, if at all, because most of the protesters were arrested before they even got into position. Thanks to the detailed tactical manual, the authorities knew exactly where protesters would be deployed. To stop them from paralyzing the city, the Nixon Administration had made the unprecedented decision to sweep them all up, using not just police but actual military forces.

What Wall Street Wants From Trump (jdargis, registration required)

Soaring stock prices are based on the hope that Mr Trump will be very good for “unleashing business”, said Jamie Dimon, chairman and chief executive of JPMorgan Chase, during a Goldman-sponsored event in New York last month.

If You Want to Run for Office (and You Should), Start With These Resources (jdargis)

Whether you’ve just started mulling a run for office or you’re already designing your yard signs, a wealth of resources on and offline offer information about the process of campaigning. So Slate has compiled a list of organizations offering candidate training, campaign books, and campaign service providers. If you decide to go for it (as you should), these resources could be valuable.

How One Piece Of Furniture Is Fighting Off Depression (jdargis)

One community in Zimbabwe decided to find out by designating “Friendship Benches” in the communal spaces of health clinics, NPR reports. In Harare and similarly sized cities, locals can seek out Friendship Benches to talk about their problems in a safe, judgment-free zone. University of Zimbabwe psychiatrist Dr. Dixon Chibanda came up with the idea after recognizing the stigma surrounding mental illness in his country. The traditional thinking that depression is a curse, combined with the fact that Zimbabwe’s population of 13 million relies on just 13 psychiatrists, makes it nearly impossible for sufferers to obtain quality help.

A Tactile Atlas Helps the Blind 'See' Maps (jdargis)

For example, Vetter used hatched lines to indicate railroad tracks, as you can see in the image below. At first she put the hatch marks closer together, but the blind man they were made for couldn’t distinguish the railways from the solid lines indicating rivers and boundaries. “I thought it looked pretty good, but it was totally useless for feeling,” Vetter says.

Solar Could Be A Cheaper Power Source Than Coal Within A Decade (Josh O.)

The solar industry is operating more and more efficiently each year with solar prices down an average of 62 percent since 2009, and every part of the solar supply chain becoming more efficient and lowering costs. Economies of scale, increasing manufacturing expertise, and new technology like diamond wire cutting tools have all helped make solar’s progress the envy of the energy complex.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/19/17

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

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Venezuela 2016 inflation hits 800 percent, GDP shrinks 19 percen

Venezuela 2016 inflation hits 800 percent, GDP shrinks 19 percent ...

Reuters-56 minutes ago
As problems mounted, the central bank has stopped releasing quarterly and ... 5.7 percent while inflation reached 180.9 percent, the central bank said last year.

US debt soars 86% under Obama presidency to nearly $20 trillion

RT - ‎2 hours ago‎
The site tracks how much the US debt grows in real time. It shows that when Obama entered the Oval office in 2008, the national debt stood at $10.7 trillion. Thus, the increase is 86 percent. By the time Donald Trumps is sworn in, the debt will have ...

Middle East debt issuance jumps 145% to $77.8 billion

Khaleej Times-Jan 19, 2017
Debt issuance in Middle East jumped to a record $77.8 billion in 2016 compared to 2015 as major economies in the region resorted to bond and sukuk market to ...

China default storm brewing as record junk debt comes due

THE BUSINESS TIMES-14 hours ago
About 211 billion yuan (S$44.2 billion) of company notes rated AA or lower, often considered junk in the onshore market, will mature in 2017, up from 155 billion ...

City sells $1.16B in bonds, but pays a heavy price for CPS crisis

Chicago Sun-Times-17 hours ago
On Thursday, Chicago sold $1.16 billion in general obligation bonds ... previously planned, that extends for another generation debt that should be retired today.

Chicago hit with big market penalty for bond sale

Reuters-19 hours ago
Credit ratings for the nation's third-largest city have fallen in recent years largely due to an unfunded pension liability that stood at $33.8 billion at the end of fiscal ...

Legislature's budget-writers set shortfall at $1.8 billion

Pamplin Media Group-17 hours ago
The chief budget-writers for the Oregon Legislature say the state's deficit now sits at $1.8 billion. And cutting programs alone is the wrong way to balance the ...

Brazilian states struggle to pay employees

Arab News-22 hours ago
“The national deficit of 80 billion reals (US$24.83 billion) at the end of that year was exactly the same amount in tax cuts that she had given to local companies.

Walker says Alaska is in the 'gravest fiscal crisis in state history'

Kenai Peninsula Online - ‎10 hours ago‎
Walker said the Legislature has already cut the state's budget to levels last reached in 2007. He used his address, the annual speech to the Legislature, to call for new revenue to close the deficit. “We can't continue to cut the budget and expect to ...

A Greek tragedy: how much can one nation take?

Financial Times-9 hours ago
... closing the current account deficit and improving the flexibility of the labour market ... It is not uncommon for one retiree's state pension, which can be as low as ...

Soaring pension costs in Scotts Valley

The Tracy Press-20 hours ago
A decision in December by the board of the California pension fund for public employees –CalPERS – to lower its growth expectations has left Scotts Valley and ...

 

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1469
Trump's Speech

The MSM is still at at.   I thought the speech was good.   Tough road ahead.   Details, details.  Get to work!

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2890
A new day brings new hope

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 338
Single Issue Putin and Russia?

Did we not hear about the single focus here at the Peak during the elections was Russia and the world exploding?No mention of anything else?Healthcare,Environment,Finance,Corruption,Inside trading,Womens issues never mattered?Curious....

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2890
Ship's going down either way

It's about buying time now I suspect. And triage to keep the empire up and running as long as possible.

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 453
RE: Ship's going down either way

"Ship's going down either way"

Sure, but if Hillary was in charge it would be WW3. That said I don't believe we are out of danger, but I think there is a good chance the US-Russia relations will improve and pull us back from the brink. If Hillary won, I would imagine WW3 would have begun before the end of 2018. 

Its likely the threat of a another global war will shift from US-Russia, To US-China. China's economy is likely close to a tipping point, and it would surprise me if China starts a war in order to avoid a revolution or civil war. China is dependent on Exports, and a US trade war would be a big blow to its exports.

 

 

lambertad's picture
lambertad
Status: Silver Member (Offline)
Joined: Aug 31 2013
Posts: 185
Singe issue?

So, let me get this straight:

Hillary wants more of the ACA, yet as you heard Chris say his rates went up 61% this year, 24% last year. I guess you're assuming this is an anomaly and Chris is the only person suffering these rate increases. Seems fitting that individuals and sole proprietors and small businesses are the ones suffering most under this law, and these are the same people who create the majority of jobs in this country. Job creation is the lowest it's been in decades with more dying than starting, not to mention insurance companies are making a killing from the little people. Let me guess, you can ignore all of that because it's a "good" law? Got it. 

Corruption, Finance, Insider trading? You mean to tell me that you know someone who was prosecuted for corruption and games during the last president's term? All that low hanging fruit from the 08-09 crisis and not a single person was prosecuted!!! Before we go any further, do you know of people who were prosecuted or do you just believe that people were prosecuted? Because if you cannot provide evidence for your view, then it's likely a belief and not actually based in fact. Next, how much did the banks donate to Clinton? How many hundred thousand dollar speeches did she give and why was she unwilling to release the transcripts? Thanks for those, wikileaks. So you're assuming Clinton would be better on corruption than Trump without any supporting evidence. Got it. 

Women's rights? You mean from the woman who grilled a 12 year old rape victim on the stand and said that she invited the rape and beating that put her in a coma? Just doing her job she said. Then get a new job if one requires you forgo your morals. But I guess that sits okay with you. How about Bill's sexual assault/harassment victims saying they were personally threatened by Hillary? I guess not all women are to be believed, only the ones that fit in line with your view of the candidate. That's a belief system, not based in facts. As far as other women's issues, are we talking equal pay? That's been debunked many times because they take aggregate women's pay and compare it to aggregate men's pay. When you take the actual numbers of people who have been doing the same job for the same amount of time, there is little difference, unless of course someone left the workforce for several years or has a more flexible job schedule or they don't work as many hours. Abortion, perhaps is the other women's issue. That's a deeply personal issue often informed by religious beliefs, upbringing, and a whole host of other issues. If there's one thing I know you can't change someone's mind on, it's abortion. So if that's what your talking about, you're going to be arguing until the cows come home that your position is "right" and the other position is wrong. I'll just give you a general question I have come to struggle with as I get older. Do you think ALL abortion should be legal such that a child can be aborted up to the second it exits the womb? So, 35 weeks, 6 days, 23 hours, 59 minutes, the child has no rights (This was Clinton's position) yet is fully alive, can feel pain, and can survive outside the womb? If you believe that, that's fine. If you don't believe that, but believe the government can regulate to what gestational age you can have an abortion, then you believe the government has the right to tell you what you can and can't do with your body (and can also regulate what you put into your body). I don't believe the government has such a right as rights are endowed to you by your Creator, and some rights simply cannot be taken away i.e. right to free speech, self defense, search and seizure. So you see the predicament, or at least I hope you do. 

Lastly, was war with Russia the single biggest issue in this election? After having been in the military for 6 years and seeing our good troops get killed for nothing and also having a brother who is currently in the military, Yes. Perhaps you read the piece from Alibaba's CEO claiming the USG has spent 40.2 trillion over the past 3 decades on war, yet you think another one would be a good idea? Clinton said she would start one, perhaps just a campaign promise, perhaps she meant it. Hard to tell with a candidate who keeps a public and private persona, via her own words. How much good could that 40 trillion have done if internalized in this country? Because the option in the election was someone who wanted to stop excursions abroad and one who wanted to start more, but I guess your belief system is steeped in democrats = peaceful, republicans = war monger. BTW, can you name the 7 countries our last president bombed despite no declaration of war? Here, I'll help - Syria, Yemen, Pakistan, Afghanistan, Libya, Iraq, Somalia. Whether Trump will be any worse or any better, I don't know, but it will be hard to get any worse. 

It's a little too late for either candidate to right the sinking ship I believe, but the ONLY hope of having someone come in and at least TRY to steer the thing in the right direction is Trump, because Clinton just wanted more of the same. That's just my opinion though. 

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