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Daily Digest 7/25 - Installing Microchips In Employees, Japan's Doomsday Preppers

Tuesday, July 25, 2017, 10:08 AM

Economy

Staving Off The Coming Global Collapse (Sam D.)

Basu is the former chief economist of the World Bank, senior fellow at the Brookings Institution and professor of economics at Cornell University, so he is no flake in the economics department. But this does not prevent a display of alarming ignorance of both the power of exponential growth and the state of the ecosphere. Income and consumption doubling every four years? After just 20 years and five doublings, the economy would be larger by a factor of 32; in 50 years it will have multiplied more than 5000-fold! Basu must inhabit some infinite parallel universe.

Installing microchips in employees is 'the right thing to do,' CEO says (thc0655)

"We think it's the right thing to do for advancing innovation just like the driverless car basically did in recent months," he said in an interview with "Closing Bell."

The company, which provides technology for break-room markets or mini-market kiosks, is anticipating over 50 employees to be voluntarily chipped.

America's top lawman lied under oath. Can we seize his stuff? (Yoxa)

Since the main policy thrust of the Trump administration is to reverse anything that happened under Obama, it probably won’t surprise you to learn that Holder’s tentative steps in the right direction are being reversed by Sessions and his new team at the Department of Justice. Last week, DOJ announced it was moving to make it easier to seize cash and property from criminal suspects — even in the 24 states, many with Republican governors, that had placed restrictions on the controversial practice. Sessions seemed totally oblivious to the massive abuses in the program…

Japan’s Doomsday Preppers Are Buying $19,000 Bomb Shelters (jdargis)

While the Japanese have viewed North Korea as a menace for decades, the rogue regime’s July 4 launch of an intercontinental ballistic missile raised the level of alarm among preppers, as some people serious about emergency preparedness call themselves. Japan has its own small bunker-making sector, but the U.S., unique in its abundance of survivalist networks, is ground zero for get-ready-for-Armageddon businesses.

Beware the Sharing Economy (Tiffany D.)

The sharing economy is supposed to offer greater flexibility at lower cost than the traditional institutional-corporate model. It does this by connecting independent suppliers and consumers via “platforms” like Uber, Airbnb … or Outdoorsy.

It’s a great model in theory. It’s certainly profitable for the platform innovators, who don’t get directly involved in the supply of the services in question, and thus enjoy minimal overheads.

The 'Horrific' Human-Smuggling Tragedy in Texas (jdargis)

Police responded to a call from a Walmart worker at about 12:30 a.m. Sunday. The employee had been checking the parking lot and was asked for water by a migrant who’d somehow escaped the trailer. When police arrived, they found dozens of migrants in the back, eight of them already dead. It’s not known how long the migrants were trapped inside, but video surveillance showed several vehicles pull up and unload groups of migrants during the night.

OPEC’s No.2 Goes Rogue, Plans To Pump 5 Million Bpd (Michael K.)

Iraq was perhaps the least willing OPEC member to take part in the deal. To the last day, Baghdad insisted it should be exempted from any cuts along with Nigeria and Libya due to its ongoing battle with IS that requires oil-export money. That Al-Luaibi’s announcement comes now that the deal was extended by another nine months, to March 2018, strongly suggests Iraq may follow Ecuador out the door.

From Inferno To Purgatory (Robert W.)

I walked this morning on a nicely landscaped jogging trail around our hotel compound. The air felt cool, at 84F just after sunrise. The same walk last night felt strange. The air was warm on my skin even in darkness with a light breeze, around 9 PM. It was still 95F- above that 91F tipping point where your skin begins to be warmed, instead of cooled, by the air around it. This morning, it didn't reach 91 until 11AM.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/24/17

Provided daily by the Peak Prosperity Gold & Silver Group

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8 Comments

debu's picture
debu
Status: Silver Member (Online)
Joined: Aug 17 2009
Posts: 222
Our Clueless MSM, pt. 627

The Economist provides this useful context regarding the perils of climate change: 

Climate change might prevent airlines from flying full planes

So the poles are melting, there seem to be record (hot) temperature anomalies year in and year out, Miami continues on course to becoming New Atlantis, etc., etc. and The Economist worries about the future prospects of air travel!!??

We are doomed...

MJB's picture
MJB
Status: Silver Member (Offline)
Joined: Jan 5 2016
Posts: 117
Polar Ice not melting

there seem to be record (hot) temperature anomalies year in and year out

Much of the South Dakota Corn crop froze a few weeks back.. not to mention snowfall in Nebraska, Kansas and Oklahoma killing the wheat crop and some cattle in April, May. And my favorite.. a global warming event getting 'snowed out' in Denver CO this past year.

Climate change is not just global warming.

The debate for many environmentalists is what effect humans and our terrible SUVs are having on the planet. 

Minimal when compared to the changing sun, Maunder Minimum IMHO.

Buckle up for colder winters AND hotter summers.

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5568
Level 10 Trolling of Twin Cities Police

The twin cities police have been really doing very poorly in the department of shooting and killing innocent people.  First there was Philando Castille, shot for declaring he had a license to carry and his weapon to an overly high-strung office who should have never been allowed anywhere near a gun and badge combo.

Then there was the more recent and also enormously tragic case of the Australian woman Justine Damond who called in a report of an assault (not of her) in an alley near her house and who was shot by Officer Noor out of the patrol car window (and across his presumably surprised partner’s face and body).

Here's what the internal investigators are trying to go with as they attempt to portray this as somehow explicable:

CBS) -- Minnesota investigators say a loud noise startled officer Mohamed Noor's partner just before Noor shot and killed Justine Damond, a well-liked yoga instructor, and life coach.

(Source)

Yeah.  Okay.  Right.  

Well, onto my main point which is that somebody, who is my new hero, just trolled the Twin Cities police with level 10 signage.

This is such a perfect response on so many levels!  Bravo!!   yes

These signs appeared in numerous locations around the city.  The genius has not yet been identified as far as I know.

Subtle, and just as brutal as necessary to really embarrass a police force that desperately needs to be shamed and embarrassed. 

I don’t usually support shaming and embarrassing someone, but when they are behaving in clearly sociopathically bad ways (like the Pharma companies, Health insurance executives, etc.) they deserve such strong tactics.

 

ezlxq1949's picture
ezlxq1949
Status: Silver Member (Offline)
Joined: Apr 29 2009
Posts: 174
Thought on trolling

Chris wrote:

This is such a perfect response on so many levels!

Yes and no.

I'm an Australian living in Australia. So far so good. During the 1990s I visited Minneapolis and St Paul quite a number of times and for extended periods of time, and never once did I feel unsafe there. Rather like home. Compared to other parts of the US it was and I hope still is an oasis of reason and good sense.

On one of my visits a St Paul police officer was shot and killed, and his funeral drew an extraordinary number of people—things like that simply don't happen in Minnesota. I really feel for Justine.

But isn't this only a single instance? Minnesota scarcely features in the news here, but apart from that other fracas in St Anthony we've not heard of other troubles. A Ferguson or a Baltimore it's not.

Yes, the key I think is weeding out people unsuitable for the job. Did this man not show any signs or symptoms after 2 years on the job? If he did, could he have been given a desk job, perhaps? I think the St Anthony stuff-up was due to poor training and procedures not followed. What about Mpls?

No, I return to a favourite theme of mine: a country which permits concealed weapons opens itself up to consequences.

lambertad's picture
lambertad
Status: Silver Member (Offline)
Joined: Aug 31 2013
Posts: 169
Belief systems at work

That's a nice belief system you have there. You seem to think concealed weapons are to blame, but this chart that uses FBI data says the opposite. This study also shows the opposite - Gun homicides were 10% higher in states with restrictive CCW laws, according to a study spanning 1980-2009. But I wouldn't expect you to confront that belief system, I've been rather rude in how I presented the information. Perhaps next time I'll present it in a more nuanced way, but I really don't have time today. 

lambertad's picture
lambertad
Status: Silver Member (Offline)
Joined: Aug 31 2013
Posts: 169
Stawks up, gold down - cuz ""Markets""

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1512
Mind-boggling errors in Minneapolis

This one left everyone I know in law enforcement speechless.  WTF?!  I can't imagine any scenario, nor has anyone I know offered one, in which Officer Noor did not commit at least 3 serious tactical errors and/or violations of universal firearms safety rules in shooting an unarmed, non-threatening person.  This starts with drawing his firearm from its holster while still seated in the patrol car and in the absence of any threat of any kind.  Prediction: manslaughter or negligent homicide.

http://fmshooter.com/mohamed-noors-fast-tracked-police-training-highlights-the-failures-of-affirmative-action/

One notable difference between this shooting and others that make headlines is the fact that a black man (a Somali migrant, no less) shot and killed a white woman; one could only imagine the public’s reaction would be far different if the “race shoe” was on the other foot.

No matter the circumstances, the prudent thing to do in all instances of shootings is to wait until the facts come out before making any judgments.  And in Noor’s case, the facts point towards a bad decision, which was spurred on by poor officer training and relaxed hiring standards that were focused on adding “members of the community” to the police force.

 

The red flags start to pop up as soon as you look into how the incident unfolded:

The Star Tribuneciting three people with knowledge of the shooting, said the officers pulled into the alley in a single squad car, and Ms Damond talked to the driver.

The newspaper’s sources, which it did not name, said the officer in the passenger seat shot her through the driver’s-side door.

Officials said the officers’ body cameras were not turned on and a squad car camera did not capture the shooting. Investigators were still trying to determine whether other video exists.

It’s not clear why the officers’ body cameras were not on.

To be fair, there are reports of both single and multiple shots being fired, so it couldbe a case of a “negligent discharge.”  However, this would mean the absolute best case scenario for the officer is an atrocious display of trigger discipline and general lack of regard for firearm safety.  It is difficult to believe that the Minneapolis police department administered any training which detailed a scenario that an officer seated in the passenger seat of a squad car should point their firearm towards their fellow officer in the driver’s seat while he is engaging in a dialogue with an unknown individual:

Mr Noor’s gun was on his lap — and not in his holster — at the time on the incident.

In the worst case scenario, it would mean that an officer’s training (or lack thereof) actually found it to be acceptable to direct his firearm’s muzzle towards his fellow officer while firing at another person.  Would anyone be surprised to learn that Noor graduated from a “fast-track” program designed to get cops on the street as fast as possible…

…and would anyone be surprised to learn that he had a history of problems in his police record prior to the incident, and had a history of displaying a lack of respectfor women in particular?

The Minnesota police officer who shot and killed an Australian bride-to-be has had three complaints filed against him during his two-year law enforcement career.

Two of the three complaints in Mohamed Noor’s police file are active, according to the Minneapolis Star-Tribune. One was closed without discipline.

“He is extremely nervous … he is a little jumpy … he doesn’t really respect women, the least thing you say to him can set him off,” Mr Miller said.

 

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5568
Even worse in Minneapolis

Now that we have some data to work with, the case looks to me even worse than it first appeared.  

The complete lack of body camera or squad car video is ultra-damning here too.  I'm gonna go out on a limb and say the partner needs to be investigated very closely at least as an accessory after the fact for deleting video evidence?

That remains to be seen.

But check out this timeline:

Mr Bennett hit out at claims the police officers involved feared an ambush.

The 911 transcripts released yesterday show Ms Damond was motivated to help until her last moments. In the first call at 11.27pm Saturday, she said she feared someone was being raped behind her house in south Minneapolis.

Eight minutes later she called again to make sure police were coming. “Hi, I can hear someone out the back and I’m not sure she’s having sex or being raped,” Ms Damond said at the start of the call, at 11.35pm. “I think she just yelled out ‘help’, but it’s difficult; the sound has been going on for a while, but I think, I don’t think she’s enjoying it.” Justine Damond was shot by Noor after dialling 911.

Four minutes later, the police officers arrived and radioed dispatch to report a “Code 4”, meaning the situation is under control.

But at 11:41pm they called again to report the shooting and call for help. They performed CPR but Ms Damond could not be revived.

So 11:35 plus 4 minutes gets us to 11:39.  That's when the "Code 4" got radioed in.  

So the officers were there and there long enough to say "Code 4" which means they are not just arriving, they have situational control and awareness.

Two minutes later there's a shooting.  

Couple that lag to this statement by a neighbor of Mr. Noor's and you can get a very bad impression of what might have happened:

“He is extremely nervous ... he is a little jumpy ... he doesn’t really respect women, the least thing you say to him can set him off,” Mr Miller said.

“When they say a policeman shot an Australian lady I thought uh, oh but then when they said who it was I was like, ‘OK.’”

Did she say something that just annoyed Mr Noor a bit too much?  Was she agitated by having spent more than 10 minutes thinking she was witnessing a rape and was then annoyed at the officer's lack of concern?  That's within the realm of the possible here given the data we have.  

Pure speculation of course, but that 2 minute lag between "code 4" and the shooting smells really bad to me.

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