Daily Digest

Image by Dave Newman (newmanchu), Flickr Creative Commons

Daily Digest 2/2 - The FBI's Secret Rules, Will Donald Trump Reverse The War On Cash?

Thursday, February 2, 2017, 8:16 AM

Economy

The FBI's Secret Rules (lambertad)

President Trump has inherited a vast domestic intelligence agency with extraordinary secret powers. A cache of documents offers a rare window into the FBI’s quiet expansion since 9/11.

Dow Companies Report Worst Revenues since 2010, Dow Rises to 20,000 (LOL?) (Aaron M.)

The 30 Dow component companies represent the leaders of their industries. They’re among the largest, most valuable, most iconic American companies. And they’re periodically booted out to accommodate a changed world. For example, in March 2015, AT&T was booted out of the Dow, and Apple was inducted into it, as its ubiquitous iPhone had become the modern face of telecommunications. New blood with booming revenues replaces the stodgy old companies. In aggregate, revenues should therefore rise, right?

Will Donald Trump Reverse The War On Cash? (CleanEnergyFan)

Most Italians didn’t understand the complex and arcane constitutional changes written into the referendum. So it took on a life of its own when Matteo Renzi promised to resign if it failed. That’s a vote everyone can understand.

When Renzi made that promise, he thought it was a safe bet. It’s similar to what happened to David Cameron with the Brexit vote.

Fortune Favors The Gold (Tiffany D.)

Paul made a bold call last February: “This is just the first inning of a monster bull market for gold mining stocks,” he wrote. “You could make 100% to 200% over the next 12 months.”

But Paul was wrong.

Buying a house in New Zealand is Silicon Valley code for getting 'apocalypse insurance' (Dana T.)

"Saying you're 'buying a house in New Zealand' is kind of a wink, wink, say no more," Hoffman told The New Yorker. "Once you've done the Masonic handshake, they'll be, like, 'Oh, you know, I have a broker who sells old ICBM silos, and they're nuclear-hardened, and they kind of look like they would be interesting to live in.'"

Is The Kremlin Funding A Campaign That Undermines U.S. Fracking? (Tom K.)

It only takes a bit of common sense to see why Russia would not be too happy with the shale revolution – it brought prices down, shaving billions off Russia’s state revenues from oil. So, the suggestion that the Kremlin has a material interest in undermining the popularity of fracking in the U.S. by fueling opposition to it is a logical one. Yet, besides this logical suggestion, there are several questions that might raise some doubts as to the actual “Russian threat” to fracking.

First thoughts on NASA's EmDrive paper - Off-World Empire Reacts (Arthur Robey)

The hypothetical spacecraft engine has made waves for seeming to violate the laws of physics. What's actually going on?

How global economic growth will drown in Trump’s oil glut after 2018 (Dan M.)

BP is a powerful member of the top US oil industry lobby group, the American Petroleum Institute, whose other members include ExxonMobil, Chevron, Royal Dutch Shell and Saudi Aramco. The group is currently lobbying the Trump administration for more deregulation, offshore drilling and pipeline construction.

Gold & Silver

Click to read the PM Daily Market Commentary: 2/1/17

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."

1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4236
Fitch downgrades Illinois rating by one notch to BBB and says i

Fitch downgrades Illinois rating by one notch to BBB and says it may downgrade again

MarketWatch - ‎18 hours ago‎
Fitch Ratings on Wednesday downgraded Illinois ratings by one notch to BBB and said it remains on negative watch, meaning it could downgrade the state's debt rating again in the near term. The BBB rating is just two notches above speculative, or "junk ...

Portugal's state debt rises by 9.5 billion euros in 2016

Macauhub-4 hours ago
The public debt of Portugal stood at 241.8 billion euros at the end of 2016, which was an increase of 9.5 billion euros compared to the end of 2015, announced ...

Puerto Rico Defaults on Multimillion-Dollar Debt Amid Crisis

ABC News-20 hours ago
Puerto Rico's government on Wednesday announced another multimillion-dollar default as the crisis-wracked U.S. territory seeks to restructure nearly $70 billion ...

Pa. school administrators say cash-strapped districts are 'treading water'

Philly.com - ‎21 hours ago‎
With an estimated deficit of $2.8 billion looming in Wolf's budget, districts are not optimistic about the future, according to the PASA-PASBO Report on School District Budgets. The biggest expense drivers for public schools remain pensions and health ...

Lawmakers weigh governor's proposal to triple Alaska's gas tax

KTUU.com - ‎16 hours ago‎
Walker sees the move as one small piece of a broader solution to the state's multi-billion dollar budget gap, with a broad-based tax on individuals and use of Permanent Fund earnings to help pay for government filling the much larger portion of the ...

California teacher pension system lowers investment target

Washington Times - ‎14 hours ago‎
SACRAMENTO, Calif. (AP) - California's massive teacher pension system downgraded its investment earnings forecast Wednesday, a move that will raise retirement costs for the state and for some educators. The decision by the California State Teachers' ...

You might need nearly $350000 to pay for health-care costs in ...

MarketWatch-22 minutes ago
With apologies to Augusten Burroughs, we have to revise his quote: When you have your health, your health-care costs in retirement will be high. And when you ...

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments