Daily Digest

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Daily Digest 7/10 - The Rise Of The Thought Leader, The Unimaginable Earth

Monday, July 10, 2017, 10:40 AM

Economy

The Rise Of The Thought Leader (RPSTemple)

In his book The Ideas Industry, the political scientist and foreign policy blogger Daniel W. Drezner broadens the focus to include the conditions in which ideas are formed, funded, and expressed. Describing the public sphere in the language of markets, he argues that three major factors have altered the fortunes of today’s intellectuals: the evaporation of public trust in institutions, the polarization of American society, and growing economic inequality. He correctly identifies the last of these as the most important: the extraordinary rise of the American superrich, a class interested in supporting a particular genre of “ideas.”

Children of the Opioid Epidemic Are Flooding Foster Homes. America Is Turning a Blind Eye. (jdargis)

On a sunny Tuesday in March, I accompanied Kerri Mongenel and Tim Kiefaber, two caseworkers from Ashtabula County Children Services, as they drove through the cornfields to Kelly’s house, a duplex with peeling paint and blankets covering the windows. A few days earlier, an anonymous tipster had called the police and urged them to check on the family. A rail-thin Kelly, dressed in pajamas, answered the door and invited us in. Then she sat down at the kitchen table, put her head in her hands, and began to weep.

The Medicaid Threat That Isn’t Getting Much Attention (jdargis)

In addition, the Trump administration has said it wants to let states experiment more with their Medicaid programs, inviting them to ask for waivers that do not need congressional approval. In recent months, states have proposed requiring able-bodied adults on Medicaid to work, drug testing enrollees, capping the length of time some can stay on the program and limiting the number of people who can be on the program at once. The Obama administration had rebuffed some of those efforts.

FBI-DHS “amber” alert warns energy industry of attacks on nuke plant operators (jdargis)

While the report gave no indication of the source of the attack, unnamed sources cited by the Times said that the attacks are similar in approach to those staged over the past five years by a "threat group" known by some researchers as "Energetic Bear"—a Russia-based campaign against energy sector targets. In those attacks, the malware implanted by the malicious e-mail attachments specifically targeted industrial control systems.

Oil No Longer Decisive Factor In Emerging Market Performance (Michael K.)

And that’s not all. Oil is leaving no vacuum as it diverges with emerging market assets. Its place is being taken by technology companies, particularly in Asia—at least for now. Ten years ago, energy companies represented more than 15 percent of the MSCI Emerging Market Index, notes Reuters author Sujata Rao. Now, energy constitutes just 7 percent, while IT and electronics companies led by the BATs—Baidoo, Alibaba, and Tencent—constitute over 25 percent of the index.

Demand for Renewable Energy Skyrockets Around the Globe (Tiffany D.)

In fact, the U.S. Energy Information Administration (EIA) reported that for the first time since 1984, renewable energy provided more power than nuclear in March and April of this year. Nuclear generation has actually fallen to its lowest level since 2014, and net generation has been relatively flat since the late ‘90s.

The Unimaginable Earth (jdargis)

In between scientific reticence and science fiction is science itself. This article is the result of dozens of interviews and exchanges with climatologists and researchers in related fields and reflects hundreds of scientific papers on the subject of climate change. What follows is not a series of predictions of what will happen — that will be determined in large part by the much-less-certain science of human response. Instead, it is a portrait of our best understanding of where the planet is heading absent aggressive action. It is unlikely that all of these warming scenarios will be fully realized, largely because the devastation along the way will shake our complacency. But those scenarios, and not the present climate, are the baseline. In fact, they are our schedule.

Carbon-Neutral Dream Eludes Oasis City Near Abu Dhabi (jdargis)

On the outskirts of Abu Dhabi lies Masdar City, which was supposed to be the world’s first city with a net-zero carbon footprint. But its ambitious plans have hit many roadblocks.

Gold & Silver

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

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."

3 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1370
What going broke looks like beneath the surface in Chicago

A Chicago police officer has a blog (Second City Cop) on which he discusses and exposes much of the insanity of police work in Chiraq. S/he recently posted this picture of a notice that has been placed in all the Chicago police districts notifying the officers that the vendor who supplies the department with books of traffic citations ("movers") is out of stock and won't be getting any more. Officers are advised to use any tickets they still have "sparingly" because they won't be getting any more.  They are also advised not to bother trying to get tickets from other districts (a common way to solve equipment problems) because this situation is city wide.

http://secondcitycop.blogspot.com/2017/07/no-more-tickets.html

If you read the comments (mostly from other Chicago cops) you'll see how miserably low the morale is there, how passive the officers have become ("going fetal" as has been said of them), and how quickly they realize the cause of this problem is NOT incompetence (the usual culprit) but the fact that the vendor isn't being paid and has decided to quit providing goods and services.

I don't run an anonymous blog, otherwise I'd tell you some of the many signs of impending bankruptcy I see in my city and department.  These are signs the public and financial analysts, by and large, never see.  Believe me: no matter how bad municipal finances look to you, below the surface it's much, much worse.

“How did you go bankrupt?" 
Two ways. Gradually, then suddenly.”



― Ernest HemingwayThe Sun Also Rises

"Welcome to the Hunger Games. And may the odds be ever in your favor."

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3919
Big financial woes linger in Illinois' new budget

Big financial woes linger in Illinois' new budget

STLtoday.com-4 hours ago
Illinois' $130 billion pension liability is one of the largest in the nation, and the ... had a deficit you needed to get rid of over the next two or three years," he said.

Voter generosity helped SF pile up huge pension tab

San Francisco Chronicle-2 hours ago

The grand jury found that the cost of city salaries and benefits, which include pensions, has grown by 33 percent over the past decade — and it's expected to ..

BOJ widens negative rates net

The Japan News-1 hour ago
The Yomiuri Shimbun The Bank of Japan has begun applying negative interest rates on money that overseas central banks and international organizations ...

Central banks are ending policies like QE – but they'll be back

The Guardian-3 hours ago
The European Central Bank is now pondering just how fast to taper its own QE policy in 2018, and when to start phasing out negative interest rates. Similarly, the ...

 

davefairtex's picture
davefairtex
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 4448
ticket books

Tom-

That's simply...amazing.  One would think that a simple cost/benefit calculation would suggest "ticket books generate revenue" so they'd be a priority.  But no.  Not how government works.  "For want of a nail, a horse was lost."

And this is PRIOR to any recession - after 8 years of "recovery".

Truly Decline and Fall.

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