Daily Digest

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Daily Digest 7/8 - GOP Lawmakers Buy Health Insurance Stocks, Can U.S. Farms Survive Deportations?

Saturday, July 8, 2017, 10:58 AM

Economy

CBO and OMB Agree: Federal Spending Will Top $4T for First Time This Year (LesPhelps)

In its “Update to the Budget and Economic Outlook: 2017 to 2027” published last week, CBO projected that total federal spending in fiscal 2017 will hit $4,008,000,000,000.

Children who watched terror attacks on social media could suffer PTSD (LesPhelps)

In particular, GPs have been warned to look out for signs in children - such as shame, or a loss of self-esteem - which might not be obvious, but could indicate post-traumatic stress disorder.

NHS England said patients could suffer symptoms regardless of whether they themselves were caught up in events, given that so many witnessed the atrocities on social media.

Republican Lawmakers Buy Health Insurance Stocks As Repeal Effort Moves Forward (lambertad)

The issue of insider political trading, with members and staff buying and selling stock using privileged information, has continued to plague Congress. It gained national prominence during the confirmation hearings for Health and Human Services Secretary Tom Price, when it was revealed that the Georgia Republican had bought shares in Innate Immunotherapeutics, a relatively obscure Australian biotechnology firm, while legislating on policies that could have impacted the firm’s performance.

Drone dropped “tools” enabling inmate to escape, prison officials say (jdargis)

"We 100 percent know a cellphone was used or multiple cellphones were used while he was incarcerated, and we believe a drone was used to fly in the tools that allowed him to escape," said Bryan Stirling, director of the South Carolina Department of Corrections, according to The New York Times.

ICE Officers Told to Take Action Against All Undocumented Immigrants Encountered While on Duty (jdargis)

The Trump administration, including Homeland Security Secretary John Kelly, has been clear in promising to ramp up immigration enforcement, but has so far emphasized that its priority was deporting immigrants who posed a public safety threat. Indeed, Kelly, to whom Albence ultimately reports, had seemed to suggest a degree of discretion when he told the agencies under his command earlier this year that immigration officers “may” initiate enforcement actions against any undocumented person they encountered. That guidance was issued just a day before Albence sent the memo to his staff.

Can America's Farms Survive the Threat of Deportations? (jdargis)

But in March, in the middle of the night in the Hudson Valley, Luis’s fear wasn’t dehydration or gangs—he was afraid that agents from the U.S. Immigration and Customs Enforcement might be outside. He locked the door to his bedroom and waited. Eventually, the knocking stopped, but Luis barely slept that night. The next day, he found out that the hammering on the trailer’s door was an incoming guest worker who had wound up sleeping outside on the stoop of another sprawling double-wide trailer on the farm. During picking season in late summer, the farm houses dozens of seasonal and undocumented workers.

Syngenta Loses $218 Million Verdict in First GMO Trial Test (Uncletommy)

“This drastically changes the complexion of the upcoming litigation,” said Anthony Sabino, law professor at St. John’s University in New York. “A jury found the plaintiffs’ claims of depressed prices so convincing that, not only did the jury give them a win on the liability, they awarded the entire amount of damages asked for. That is not an everyday occurrence.”

The court ordered Syngenta to pay compensation to American farmers. (Uncletommy)

Recall that the claim of farmers is an expression of dissatisfaction with the fact that the company Syngenta, in their opinion, deliberately provided farmers with unreliable information about new hybrids of GM maize, in particular Agrisure Viptera, which, according to the company, were approved by one of the largest grain importers - China.

Gold & Silver

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

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2661
Wake up

Mike Dill's picture
Mike Dill
Status: Bronze Member (Offline)
Joined: Nov 8 2009
Posts: 28
On the problems with farms and labor

Our current factory farm system needs low cost labor to produce generic food for the masses at low cost. In the grains sector, mechanization has replaced manual labor, greatly reducing that cost, at the expense of using oil, whic so far is relatively cheap(er). For fruits and vegatables, mechanization has been difficult, as the robotics have been unrelable and extremely expensive for some crops. This is changing as the robots get better sensors and programing.

The current factory farm labor issues all revolve around cost. Within the decade, the labor will be mechanized for a significant number of the 'standard' row crops (lettuce, grapes, tomatoes, melons, strawberries ect.), as the cost of the robots decrease. Small farming will continue to utilize people, and the products produced will continue to cost more, but you get what you pay for. 

 

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