Daily Digest

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Daily Digest 7/17 - Fake 'Natural' Foods, How a Small Town Is Standing Up to Fracking

Pressure has been building on the two cryptocurrencies, whic
Monday, July 17, 2017, 9:42 AM

Economy

Coca-Cola Insists It Made Coke ‘Healthy’ by Putting Fiber in It (JM)

In 2007, Coke actually introduced a Plus variant in several countries that was fortified with vitamins and minerals (it even carried the same name). Japanese consumers didn’t love it, but the reception in America was especially brutal. Problem was, the FDA sent Coke a threatening letter explaining that Plus violated the Federal Food, Drug, and Cosmetic Act — any product with that word on the label must contain at least 10 percent more nutrients than comparable products. Coke felt Plus complied with those regulations, but bottles started disappearing from stores in 2011, anyway. But Coke brags that this newer version is the first-ever Coca-Cola product approved by the Japanese government as a so-called “food of specified health use,” an indication it supposedly reserves for products that have “clearly proven” health benefits.

Bitcoin is trying to find a bottom after a weekend selloff (jdargis)

Pressure has been building on the two cryptocurrencies, which many say have risen too far, too fast. Bitcoin has been also hit by news that competing software updates could split it in two by Aug. 1.

Bitcoin’s price could go lower before it heads higher, said Spencer Bogart, head of research at Blockchain Capital, in a tweet Sunday.

The Threat to American Elections You Don’t Know About But Should (Jen H.)

As a result, too many Americans don’t realize that 10% of Americans who are fully eligible to vote don’t have the right form of identification to satisfy new voter ID laws. They may not appreciate how difficult it can be to take time off work to vote on Election Day or get a legally acceptable form of ID. They don’t notice that DMVs and early-voting places have been closed only in certain neighborhoods, disproportionately impacting communities of color. They don’t understand why discriminatory voting laws wouldn’t just be struck down by the courts. They don’t realize that after Shelby County, even the most egregious laws often aren’t blocked until after an election, when the damage has already been done.

These 'missing charts' may change the way you think about fossil fuel addiction (Debu)

Conspicuously absent was the basic statistic on fossil fuels that I, as a climate reporter, was looking for: how much fuel is the world burning each year? Such a simple question, and the answer tells one of the most important stories in the world: are we finally turning the corner on our fossil fuel dependency?

Are Deeper Cuts OPEC’s Only Option? (Michael K.)

Some observers argue that Saudi Arabia made a grave error when in 2014 it chose not to play its traditional role of global “swing producer” and refused to “turn off its taps” just as global demand declined. Market share was at stake and the Saudi action was based on an apparently misinformed calculation that high-cost producers, particularly the U.S. Shale companies, would be forced from the market leaving OPEC producers with their market share restored and the global crude oil price stabilized at a level that could sustain the Saudi and other OPEC producers’ economies.

Live near the beach? Coral reef expert Charlie Veron has some advice for you (Debu)

"His contribution has been huge," says the scientist, explorer and conservationist Tim Flannery. "Without his early work we wouldn't have had the basic benchmarks to see the nature of the changes that we are now seeing. He provided that baseline to put everything in context." Author and environmental advocate Tim Winton says Veron "isn't just a coral scientist, he's a pathfinder, a scout who's been sending back dispatches on the future of our planet for decades. If ever there was a moment for Australians to listen up and act on what he's learnt, it's now."

Degeneration Nation: Connecting the Dots Between Factory Farms, Roundup, GMOs, and Fake 'Natural' Foods (gallantfarms)

The culinary directive from Congress and the White House this summer goes something like this: Don’t worry. Shut up and eat your Frankenfoods, cheap junk foods, and factory-farmed meat, dairy and poultry. Don’t worry about Monsanto’s Roundup or Dow’s neonic residues in your food and water. Don’t worry about the dubious fare at your local supermarkets, including thousands of products fraudulently labeled or advertised as “natural.”

How a Small Town Is Standing Up to Fracking (Jen H.)

Wanchisn, now 74, lives about a mile from the proposed injection-well site, in a modest white ranch house overlooking East Run, a creek that's popular with anglers and home to an ancient salamander species called the hellbender. She was born and raised in Grant Township and taught elementary school for 20 years in the neighboring community of Purchase Line. When she received the EPA announcement, she was enjoying her retirement, spending days with grandkids and girlfriends, gardening and taking care of her husband, who has a heart condition. But she soon found herself spending more time in front of the computer, researching injection wells.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/14/17

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."

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saxplayer00o1
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New US Subprime Boom, Same Old Sins: Auto Defaults Are Soaring

New US Subprime Boom, Same Old Sins: Auto Defaults Are Soaring

Bloomberg-4 hours ago
... fraud, meantime, is approaching levels seen in mortgages during the bubble. ... It offloaded most of the debt, which often had rates over 15 percent, reselling ...

Italian Banks May Take 10 Years to Fix Bad Debt Issue-Morgan ...

New York Times-1 hour ago
The idea of a bad bank is backed by European Union institutions, including the central bank and regional banking authority, but it faces opposition in Germany ...

 

lambertad's picture
lambertad
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Posts: 138
Corporate tax chart

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