Daily Digest

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Daily Digest 3/30 - Traditionalism And Cultural Ecology, Your Private Browsing History For Sale

Thursday, March 30, 2017, 11:14 AM

Economy

"Traditionalism" through the Lens of Cultural Ecology (Jason B.)

Let’s look a little more closely at the ideological particulars of traditionalism. It would probably be futile to search the words of Donald Trump himself for signs of a coherent philosophy, because the man does not write books or articles (only tweets), and speaks below a sixth-grade level. However, some meaningful insight into ideological Trumpism can perhaps be gleaned from White House chief strategist Stephen Bannon.

'Tickled plumb to death': These Trump voters love Obamacare and are glad it's survived (Uncletommy)

But when Obamacare broadened coverage for Americans in need, the Taylors, who've spent their lives in this tiny southeast Kentucky town, suddenly found themselves able to visit a doctor for the first time in memory.

Under Obamacare they're now given medicines worth roughly $6,000 US a month, about triple their gross monthly income.

Monster riot control vehicle can take over streets (LesPhelps)

The 12-foot tall shield has wings that can extend its width from 15 feet to 24 feet, which is wide enough to entirely block some city streets. It’s fully armored and flameproof, and has bulletproof windows and ports for police using teargas guns and firearms.

For sale: Your private browsing history (jdargis)

If Trump signs the resolution to eliminate privacy rules, ISPs won't have to seek customer approval before sharing their browsing histories and other private information with advertisers.

The House vote was 215 to 205, with most Republicans voting to eliminate privacy rules and all Democrats voting to preserve them. Full vote results are available here. The Senate vote last week was 50-48, with lawmakers voting entirely along party lines.

Ian Bremmer Says Le Pen Can Really Win and Cause Crisis (jdargis)

Ian Bremmer, president at Eurasia Group, explains why Marie Le Pen has a chance to win the French presidential election and what her victory could mean to markets and global geopolitics. He speaks on "Bloomberg Daybreak: Americas."

Death Valley Snowballs and Fiat Currencies (GE Christenson)

Official national debt has doubled every eight to nine years for decades. Debt in 2017 is $20 trillion and accelerating higher, and in 24 – 27 years it could be eight times higher – at $160 trillion. Can this fiat currency Ponzi scheme survive that long?

Maduro’s Last Stand: Military Takes Over Struggling Oil Sector

While defaulting on its debt is by no means imminent, the awkward financial situation for Venezuela will continue as oil prices – more than 95 percent of the country’s export income – are very unlikely to reach the 110 USD/bbl level Venezuela needs to balance its budget. If Maduro is no longer capable to govern Venezuela (e.g.: PDVSA’s debt default entails the disintegration of state power), the military could step in and take advantage of Chavez’s army legacy, which Maduro could not, promising strict enforcement of rule of law and order. Venezuela’s people would most likely not revolt if physical security conditions are demonstrably improved across the country and access to basic products is reformed.

1 Million Pounds Of Chicken Recalled Due To “Metal Objects” (jdargis)

OK Foods sells chicken under a variety of names, and the recall extends to brands including Smart Foods4Schools (which sells to school systems), Double D Foods, Chickentopia, Spring River Farms, and Great Value. The latter is one of Walmart’s house brands, which means OK Foods chicken is available to a very wide audience.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/29/17

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: 4145
CalSTRS' funded status falls to 64% as deficit grows $21 billio

Here's how the US got to $20 trillion in debt

MarketWatch-21 hours ago
The U.S. is approaching $20 trillion in national debt — the nation is a cool $19.8 trillion in the red as of Thursday — and when it crosses that mark, get ready for ...

BOJ seen keeping bond-buying pledge despite slowing purchases

Reuters-5 hours ago
The BOJ likely bought 8.58 trillion yen ($76.7 billion) in Japanese ... A schedule of its regular debt-purchasing operations released on Friday showed the central ...

CalSTRS' funded status falls to 64% as deficit grows $21 billion ...

Pensions & Investments-18 hours ago
CalSTRS' unfunded liability increased to $97 billion in the fiscal year ended June 30, a $21 billion increase from the previous year, officials of the West ...

Crunch time nears for PERS bills (Oregon)

Ontario Argus Observer-11 hours ago
This is part of the reason why that $22 billion unfunded liability will not be banished ... contribution from a supplemental retirement account into the pension fund.

 

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