Daily Digest

Image by lovingyourwork.com, Flickr Creative Commons

Daily Digest 7/30 - EU Explores Account Freezes, The Disaster That Could Follow A Flash In The Sky

Sunday, July 30, 2017, 11:33 AM

Economy

EU explores account freezes to prevent runs at failing banks (lambertad)

Giving supervisors the power to temporarily block bank accounts at ailing lenders is "a feasible option," a paper prepared by the Estonian presidency of the EU said, acknowledging that member states were divided on the issue.

EU countries which already allow a moratorium on bank payouts in insolvency procedures at national level, like Germany, support the measure, officials said.

When is the World Going to Impose Sanctions on America? (LesPhelps)

"Under economic sanctions imposed by the United Nations Security Council almost 10 years ago, Iraq is denied equipment and expertise to clean up its contaminated battlefields, as Kuwait was cleaned up. At the same time, the Sanctions Committee in New York, dominated by the Americans and British, has blocked or delayed a range of vital equipment, chemotherapy drugs and even painkillers. 'For us doctors,' said Dr Al-Ali, 'it is like torture. We see children die from the kind of cancers from which, given the right treatment, there is a good recovery rate.' Three children died while I was there."

Iran Worried U.S. Might Be Building 8,500th Nuclear Weapon (Time2Help, humor)

Amidst mounting geopolitical tensions, Iranian officials said Wednesday they were increasingly concerned about the United States of America's uranium-enrichment program, fearing the Western nation may soon be capable of producing its 8,500th nuclear weapon. "Our intelligence estimates indicate that, if it is allowed to progress with its aggressive nuclear program, the United States may soon possess its 8,500th atomic weapon capable of reaching Iran," said Iranian foreign minister Ali Akbar Salehi, adding that Americans have the fuel, the facilities, and "everything they need" to manufacture even more weapons-grade fissile material.

When Health Law Isn’t Enough, the Desperate Line Up at Tents (Jen H.)

Four years into the rollout of the Affordable Care Act’s major provisions, 29 million Americans still lack health insurance. Millions live in states like Virginia that did not expand Medicaid to childless adults among the working poor, as the law allowed. Even for people helped by government programs like basic Medicaid, veterans’ care and disability, there are many gaps: Low-income people struggle to afford co-payments, the gas to drive to a doctor and prescription drugs.

A Veteran ICE Agent, Disillusioned with the Trump Era, Speaks Out (Jen H.)

“We used to look at things through the totality of the circumstances when it came to a removal order—that’s out the window,” the agent told me the other day. “I don’t know that there’s that appreciation of the entire realm of what we’re doing. It’s not just the person we’re removing. It’s their entire family. People say, ‘Well, they put themselves in this position because they came illegally.’ I totally understand that. But you have to remember that our job is not to judge. The problem is that now there are lots of people who feel free to feel contempt.”

The disaster that could follow from a flash in the sky (Sam D.)

Imagine a nuclear blast occurring somewhere above eastern Nebraska. Radiating outwards, the EMP fries electronics in southern Canada and almost all of the United States save Alaska and Hawaii, both safe below the horizon. It permanently damages the grid’s multimillion-dollar high-voltage transformers. Many are old (their average age is about 40). Some burst into flame, further damaging substations.

America runs on roughly 2,500 large transformers, most with unique designs. But only 500 or so can be built per year around the world. It typically takes a year or more to receive an ordered transformer, and that is when cranes work and lorries and locomotives can be fuelled up. Some transformers exceed 400 tonnes.

Why Are Majors Shying Away From Gazprom? (Michael K.)

For Gazprom, it will be essential not to supplant its pipeline-transported volumes bound for Europe with LNG ones, hence, the most pressing need is to force their way through to new markets which are currently not covered by pipeline. Therefore, apart from traders active in the region, Spain’s Gas Natural Fenosa and Iberdrola, Portugal’s Galp, as well as French (ENGIE, Total), Italian (ENI) and Dutch partners (Shell itself) should be considered the most preferred offtakers. Yamal LNG contracts with Total and Fenosa, totaling 6.5 MMtpa possible volumes supplied, have certainly complicated matters for Gazprom to break new ground, however, there is still a lot of maneuvering space. The sweetest spot for Baltic LNG would be the United Kingdom, which gets 97 percent of its 7.4 MMtpa LNG needs from Qatar – with a combination of significantly lower transportation costs and pricing flexibility, Doha might see its dominant share narrowed down.

Pittsburgh officials may have 'deflected' attention from lead-contaminated water (jdargis)

Five government officials were charged with involuntary manslaughter after an investigation accused them of not doing enough to warn the public of the spread of Legionella bacteria, part of the water chemistry struggle that resulted in Flint’s lead tainted water. In total, 17 officials in Flint face criminal charges.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/26/16

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."

7 Comments

blackeagle's picture
blackeagle
Status: Silver Member (Offline)
Joined: May 16 2013
Posts: 223
robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1182
Wise, VA. RAM (remote are medical)

My wife and daughter and about 6 other licensed opticians made over 700 pairs of glasses at the event,

 

 

Edwardelinski's picture
Edwardelinski
Status: Gold Member (Offline)
Joined: Dec 23 2012
Posts: 320
The Content of your character speaks for itself!!!

If you ever have time i would love to hear about your experience.Your heart must be full....

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1182
But alas,

I didn't go, did send the girls. Someone has to mind the farm.

Abby and or Angie, though tired, returned with tired bodies, full hearts and many tales. The lab could take lenses from blocking to finished install in less than 4 minutes.

 

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1182
Smiles after first day at RAM

I probably am not supposed to do this, but here it is. The faces after a long day at RAM, this is my daughters third and wife's first.   https://www.facebook.com/photo.php?fbid=2007073199526344&set=a.140876600...

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
Steve Westly: California pensions are its $206 billion elephant

Steve Westly: California pensions are its $206 billion elephant in the ...

The Mercury News-22 hours ago
But when it comes to pensions, the new state budget projects that California has nearly $206 billion in “unfunded liabilities” for the state's two public pension ...

Swiss banks paid $1 bln in negative interest rates in H1

Nasdaq-6 hours ago
Banks paid 970 mln Sfr in negative interest rates in H1 * This is a 40 pct increase year-on-year * Cash holdings at biggest banks still more than one fifth By ...

 

anastasio's picture
anastasio
Status: Member (Offline)
Joined: Aug 26 2008
Posts: 6
RAM

You guys are awesome. For years now, RAM has been the main receiver of our charitable giving. I've always been impressed by how far a donated dollar goes to positively impact a person (or now, animal's) life. Thanks for sharing. Give your family a high-five for us for all of their great work.

- A in Central VA

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments