Daily Digest

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Daily Digest 6/8 - A Corruption Machine, The Other Infrastructure Boom

Thursday, June 8, 2017, 9:17 AM

Economy

This Canadian Ethereum Blockchain Dev Wants You to Avoid Expensive Lawyers (Afridev)

As stated on the website of the application, StonePaper takes much care about the security of the users’ details. Unlike ordinary databases, information stored on the blockchain is “immutable”, it can’t be changed or modified. The tech allows, for example, a single contract to be stored on thousands of computers. In addition, when a user uploads a document, StonePaper only allows others to verify if it is a real contract, but they can’t read it without the user’s permission.

How Seven Trump Associates Have Been Linked to Russia (jdargis)

Investigators on the Senate Intelligence Committee said in March that they planned to question Mr. Kushner about the meetings, which he did not immediately disclose on an F.B.I. questionnaire when getting a security clearance. His lawyer said the form was submitted in error prematurely.

British General Election: Final Forecasting Prediction (James W.)

Corbyn’s soft socialist manifesto, including higher taxes for the wealthy, increased corporation tax for business and nationalisation of the railways, has proved popular with sections of the electorate. Labour under Corbyn has consolidated the left of the British electorate at the expense of the Greens and the Liberal Democrats. Subsequently Labour’s ratings in the polls have surged into the mid-thirties during the course of the campaign.

No One Has Ever Made a Corruption Machine Like This One (jdargis)

Odebrecht proposed to pay James $4 million to help sway the prime minister, the company recently said in a U.S. criminal case. James, in written statements, says he did come to an agreement, but it was not to influence the Antiguan government; it was, he says, to process applications to a government program that offers Antiguan citizenship and a passport to foreigners who invest in the country. James denies any wrongdoing and has pledged to give back some of what he was paid. Odebrecht admits to paying James three installments of €1 million ($1.12 million) each.

Bill Gross Says Market Risk Is Highest Since Pre-2008 Crisis (jdargis)

Despite being concerned about high asset prices, Gross said he feels required to stay invested and sees value in some closed-end funds. Examples he gave are the Duff & Phelps Global Utility Income Fund and the Nuveen Preferred Income Opportunities Fund. He also said he has about 2 percent to 3 percent in exchange-traded funds to get yield and add diversification.

“They’re appetizers, not entrees,” he said in an interview outside the conference.

The Other Infrastructure Boom (Tiffany D.)

China too, despite headlines about bullet trains and new superhighways, still has a long way to go on developing a top-notch transportation infrastructure. When the World Bank knits together all the factors for logistical costs, it ranks China a distant 27th (with Germany at No. 1, Hong Kong as a separate economic region at No. 9, the U.S. at No. 10 and Japan at No. 12).

What Is Behind The Diplomatic Crisis In The Persian Gulf? (Michael K.)

The Arab countries have suspended diplomatic relations with Qatar and ordered Qatari diplomats to leave. Qatar has also been ejected from the Saudi-led coalition operating in Yemen. Shares on the Qatari exchange tumbled at the news, dropping 8 percent amid fears that the country’s economic growth is slowing down.

How a Single Gene Could Become a Volume Knob for Pain (jdargis)

When I ask her what it’s like to live with a man who feels no pain, she sighs. “I worry about him all the time.” She worries about him working with his power tools in the basement. She worries about him cooking over a grill. She worries about bigger things too. “If he has a heart attack, he won’t be able to feel it,” she says. “He’ll rub his arm sometimes, and I freak out: ‘Are you OK?’ ” She looks over at Pete, who chuckles. “He thinks it’s funny,” she says. “I don’t think it’s funny.”

Gold & Silver

Click to read the PM Daily Market Commentary: 6/7/17

Provided daily by the Peak Prosperity Gold & Silver Group

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'Illinois is imploding'

Illinois Gets June 20 Deadline to Boost Medicaid Funding

New York Times - ‎14 hours ago‎
As a result of the stalemate, Illinois' backlog of unpaid bills reached $14.9 billion this week. Mendoza said the real solution is enacting a budget. "The lack of a budget for the last two years has created a situation in which we now have more court ...

S&P warns of junk status with no budget by July 1

Chicago Sun-Times - ‎14 hours ago‎
Adding more weight to the coming weeks, S&P Global Ratings on Wednesday warned that the state's debt will be rated junk if there's no budget agreement in place by July 1 — the beginning of the new fiscal year. ... David McSweeney, R-Barrington Hills ...

Illinois End-of-Year Budget Deficit to Top $6-Billion

WJBD Online - ‎17 hours ago‎
SPRINGFIELD, Ill. (AP) - Fiscal forecasters for the Illinois General Assembly estimate the state's end-of-year budget deficit will top $6 billion. State Rep. David McSweeney requested the review. The Barrington Hills Republican received the results ...
 

Comptroller: State's bill backlog soaring to $16B

Rockford Register Star-14 hours ago
If the legislature fails to act, by June 30, 2018, the deficit will be $8 billion, COGFA said. The commission also noted that Illinois has lost 6,000 jobs in each of the ...

'Illinois is imploding': State's annual deficit set to top $6BILLION by end of June as lawmakers fail to pass a ...

Daily Mail - ‎18 hours ago‎
Illinois annual budget deficit will top $6billion for the fiscal year ending on June 30, according to forecasts from a new budget review. The budget forecast released on Wednesday in the state capital of Springfield comes as Democrats controlling the ...

Indebted Canadians using 'homes as ATMs,' consumer agency warns

Reuters - ‎19 hours ago‎
The number of households that have taken a home equity line of credit (HELOC) on top of their mortgage has soared nearly 40 percent since 2011, the Financial Consumer Agency of Canada said in a report that stoked concerns about consumer debt linked to ...

Venezuela discusses $1 billion debt restructuring with Moscow: TASS

Reuters-20 hours ago
Russia has slashed projected revenue by nearly $1 billion to reflect expectations that Venezuela may not make timely payments on bilateral loans, according to ...

Venezuela's Deepening Crisis Exposes Divisions in Ruling Party

Bloomberg-29 minutes ago
... make a nearly $1 billion loan payment to its ally Russia for previous arms purchases and investors are increasing bets of a default on billions of dollars of debt.

Is Collapsing Venezuelan Economy Now Poised To Crash Outright?

WLRN-11 hours ago
... Herald Tribune reports Venezuela defaulted on $1 billion it owes Russia. ... raises the specter of a more full-blown and catastrophic Venezuelan debt default.

Pennsylvania fiscal watchdogs warn state might have to borrow $3 billion in coming year

Ellwood City Ledger - ‎16 hours ago‎
Pennsylvania Auditor General Eugene DePasquale, shown here, and state Treasurer Joe Torsella told legislators on Wednesday that the state might have to borrow $3 billion in 2017-18 because the general fund will have a deficit for eight straight months.

New York Health Insurers Ask for 16.6% Boost to Obamacare Rates

Bloomberg - ‎15 hours ago‎
Health insurers in New York are seeking another year of hefty premium increases for their Affordable Care Act plans, adding fuel to the debate over the law's future. Insurers are seeking to boost their premiums 16.6 percent on average for 2018, the ...

Nearly 40 percent of job-based health plans are 'high-deductible,' study says

UPI.com - ‎Jun 7, 2017‎
The move toward high-deductible plans isn't just about asking people to pay more out of pocket, he explained. Employers still pay the lion's share of employee health plan premiums, he said. "It's about getting people to think differently about their ...
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50 years ago today

The attack on the USS Liberty (AGTR-5).

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Seth Rich #7: It is not the crime, but the cover-up

For any who prefer to have their world view painted by "reputable" news sources, this post is not for you.  For those of us who understand that there is much going on beneath the surface then this may be of interest.  The interview is 44 minutes long, so I will summarize for you skimmers.

George Webb and his buddy (name?) are investigative reporters who interview Rod Wheeler, the former DC homicide detective, now working privately, hired by the family of Seth Rich to find out who dunnit.  However, in a recent turn, Wheeler is currently under a cease and desist order (a "shut up order") prohibiting him from speaking in public about details of the case.  (Rod is able to point to certain issues in his manner.)

The importance of the case:  The office of the presidency is under assault based on the answer to the question:  Were the DNC emails hacked by Russia or were they leaked.  So the story of what happened here is of national and international importance.  Impeachment and world war are potential fall-outs from the issues of this case.

Rod reports that Seth's parents very much want to know what happened and have been very candid with him discussing personal details of Seth's life that might help.  But his brother does not.  His brother began to actively discourage Rod's ongoing investigation when it turned towards the Wikileaks/DNC aspects.

Many of the "family's statements" seem to becoming from the DNC hired PR crisis management firm rather than the family.

As a detective, he conceptualizes his approach to a homicide "going through 3 doors."

  • Door #1:  random street crime.
  • Door #2:  relationship crime--affairs, angry landlord, family dispute.
  • Door #3:  workplace related crime, conflict with boss, company secrets, etc.

Rod reports that his investigation was unimpeded while he looked at Doors #1 and #2.  These turned up very little.  However, when he began to look at Door #3, the shit began to hit the fan with obstructions appearing from many angles.

Information that should and usually is available to a private detective investigating a homicide is not being made available in this case.

1.  The DC police wore body cameras.  The video record of coming upon Seth lying on the street wounded has gone missing.  He was alive at the scene.  Loss of body cam video is very uncommon in a major police department.

2.  When police come upon a gun shot victim they are trained to ask as their first question "Who shot you?"  This is standard and universal. Officers are trained in the academy to do this. The victim may die and this may be the only chance to hear what they know.  And if you don't know who, then, "What did he look like?"   Police then issue a "lookout" radio broadcast to all officers.  Wheeler has found that the answer to the question "who shot you?" was never written down and that no "lookout" was announced over the police radio.  This is unusual.

3.  The autopsy report is unavailable to Wheeler.  This is the foundation of a homicide investigation and he has never had an autopsy report not be released to him.  He hasn't heard of this ever before either.

4.  A convenience store has security cameras that look out over the intersection where the shooting occurred.  The DC police have this footage.  They have reassured Wheeler that "it doesn't show much" and that he "doesn't need to see it" and have not released it to him.

5.  Wheeler does confirm that having the FBI have possession of Seth's laptop computer is reasonable, as local police departments rely on FBI computer forensics people to unlock devices.  So this is not unusual.  Wheeler reports a conversation with an insider in the DC police that he knows personally who informed him that FBI analysis of the data from the laptop indicates that Seth had had email exchanges with Wikileaks.  (So this is hearsay evidence.  What do you think of Rod Wheeler and his dependability?)

------------------

Motivation:  Seth was a BernieCrat who was in a position at the DNC to see corruption in the inner machinery of the DNC working to ensure a Hillary Democratic nomination.

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The Disturbing Trend That Will End in a Full-Fledged Pension Cri

The Disturbing Trend That Will End in a Full-Fledged Pension Crisis

Forbes-1 hour ago
But what all of them agree on is that there's no way US pension funds can keep ... According to the 2017 report, total unfunded pension liabilities have reached ...

Venezuela misses $30 mln interest payment to CAF, enters grace ...

Nasdaq-15 hours ago
The OPEC member is struggling to service its heavy debt burden as its ... Venezuela received $1.9 billion in disbursements from CAF between 2012 and 2016, ...

Wall Street Is Starting to Get Nervous About Venezuela's 'Hunger ...

Bloomberg-3 hours ago
Adding to investors' concerns is a question of whether they would be entitled to a full recovery in the case of a default or debt restructuring. Their worry is that the ...

For Hartford, bankruptcy not an easy way out

The CT Mirror-5 hours ago
Detroit, whose $18 billion municipal bankruptcy in 2013 was the largest in U.S. ... for several years, selling assets and repackaging debt to balance its budget.

Many Americans foregoing healthcare because of cost

KTVA.com - Anchorage, Alaska-Jun 8, 2017
If you're struggling with medical costs or skipping the care you need, here are four strategies that may help make your health care more affordable. Schedule ...

 

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