Daily Digest

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Daily Digest 9/23 - America's Opioid Problem, How Heat Kills Farmworkers

Saturday, September 23, 2017, 10:28 AM

Economy

Safety Becomes Stigma as Leveraged Loans Cut Out Covenants (Adam)

“It’s basically the worst it’s ever been in terms of loan covenant protections,” says Derek Gluckman, senior covenant officer at credit-rating firm Moody’s Investors Service. And that includes the heady pre-crisis year of 2007. A covenant-lite loan refers to debt where the issuer doesn’t have to meet periodic performance goals, known in the trade as maintenance covenants.

Latest Senate Health Care Bill Revives Age Tax for Older Americans (edelinski)

According to the AARP analysis, for a 60-year-old earning $25,000 a year, premiums and out-of-pocket costs could increase by as much as $16,174 a year. If that 60-year-old lives in a state that allows insurers to charge older individuals dramatically higher premiums, he or she would face an additional $4,124 increase in premiums.

The Gibs Singularity (thc0655)

Many observers have remarked upon Zuckerberg’s recent ungainly efforts to ingratiate itself with consumer units in the North American market segment. The presumed, but ultimately alien and unknowable, motives being to seed their primitive psyches with positive associations required to trigger involuntary motor actions in a voting booth. Below are photographs of Zuckerberg evaluating human sensitivity to this modeled stimuli.

Dirty Laundry: An Investigation (jdargis)

While most New Yorkers recognize the thousands of storefront laundromats scattered across the city that offer drop-off washing or dry-cleaning services as well as coin-operated machines, few may be familiar with larger corporate-owned commercial laundromats, to whom these services are increasingly being contracted. Many of us have likely used a sheet or table cloth cleaned in a commercial laundry, which typically provides services for hotels, hospitals, restaurants, and neighborhood laundromats that outsource their laundry. The commercial laundry industry is growing: in the New York metropolitan area alone, the number of laundry and dry cleaning workers grew from about 9,480 in 2011 to 12,680 in 2016, according to the Department of Labor.

America’s huge problem with opioid prescribing, in one quote (tmn)

The epidemic began when doctors prescribed a huge number of opioids — leading the drugs to proliferate not just among patients but also among teens who rummaged through their parents’ medicine cabinets, friends and family whom patients shared the drugs with, and a black market where patients sold excess pills. Over time, drug users moved to other opioids, including heroin, fentanyl, and fentanyl analogs. And overdose deaths climbed and climbed.

How Heat Kills Farmworkers (jdargis)

This summer, however, Horton began hearing from Mendota’s farmworkers that working conditions were actually improving. That was likely due to several factors, she says, including a state heat protection law that some companies in the area are finally following under heightened scrutiny, and the recent immigration crackdown. With their labor supply under pressure, employers simply don’t want to risk losing more workers.

Communication lines down in Puerto Rico as officials rush to evacuate residents (tmn)

Government spokesman Carlos Bermudez said that officials could not reach 40 of the 78 municipalities on the island more than two days after the hurricane crossed the island, toppling power lines and cellphone towers and sending floodwaters cascading through city streets.

Mosquitoes carrying deadly diseases could invade 75% of America, warns US government (Adam)

A study found 71 per cent of counties in the 48 contiguous states were suitable for aegypti and 75 per cent could support albopictus.

The paper said the dengue, chikungunya and Zika viruses in particular represented a “growing public health threat in parts of the United States where they are established”.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/22/17

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

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 342
Nothing to See Here...

Spotted this today.

The Environmental Protection Agency says it has recovered 517 containers of "unidentified, potentially hazardous material" from highly contaminated toxic waste sites in Texas that flooded last month during Hurricane Harvey.

The agency has not provided details about which Superfund sites the material came from, why the contaminants at issue have not been identified and whether there's a threat to human health.

The one-sentence disclosure about the 517 containers was made Friday night deep within a media release from the Federal Emergency Management Agency summarizing the government's response to the devastating storm.

http://abcnews.go.com/Health/wireStory/epa-removes-waste-texas-toxic-sit...

 

A great scene (and actor) IMO.

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 2039
Kneeling vs Standing: Dividing and Distracting "The Masses"

CAF loves to say:  "while we fight, they take the money."

Setting up fierce and unresolvable disagreements in a population is an awesome what to distract the population from what is really happening.  Almost as effective as Miley Cyrus twerking to hide the movement into war in Syria (and here).

BLUE Americans deeply feel that honoring the flag is deeply necessary.  Everyone must stand for the national anthem.  (SO so so important)

GREEN Americans deeply feel that protesting social injustice is deeply necessary.  We must kneel in protest or raise a clenched fist.  (SO so so important)

YELLOW Americans may value both of the above positions, the principles of privacy and freedom of expression, and are smart enough to learn how population management gambits are run.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Report: UC Student Tuition Paying For Generous Faculty Pensions

Japan's Abe Announces Plans for 2 Trillion Yen Spending Package

Bloomberg-4 hours ago

Japan's Abe Announces Plans for 2 Trillion Yen Spending Package ... The nation has one of the largest public debt burdens among developed countries, with a ..

Moody's downgrades Britain debt rating

The Manila Times-20 hours ago
The ratings agency cut the debt grade one notch to Aa2 from Aa1 with a stable outlook, which reflects expectations Britain's debt will “continue to rise,” and ...

Fitch Ratings is expecting China's first local government bond ...

CNBC-6 hours ago
China may witness its first local government bond defaults, although the timing was uncertain, Fitch Ratings said in a press release issued on Sunday, amid ...

Taxpayers face £1.8TRILLION pensions bill as ultra-low interest ...

Daily Mail-12 hours ago
Taxpayers are facing a £1.8trillion bill for public sector pensions as ultra-low ... Pensions industry expert John Ralfe accused Ministers of 'passing on costs to our ...

Pa. will have trouble making payments beyond September

Philadelphia Business Journal-53 minutes ago
... funding plan, the commonwealth is having trouble covering short-term costs. ... payments and a half-billion in pension fund payments that the state deferred ...
 

 

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