Daily Digest

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Daily Digest 9/28 - FEMA Urges "True Culture Of Preparedness," Reclaiming Insects as Food

Thursday, September 28, 2017, 11:40 AM

Economy

FEMA Director Urges Americans To Develop "A True Culture Of Preparedness" But No One Is Listening (Suzie G.)

“I really think that we have a long way to go to create a true culture of preparedness within our citizenry in America. No American, no citizen, no visitor to this country is immune to disaster. And we have a long way to go to get people to understand the hazards based on where they dwell, where they work, and how to be prepared financially, how to be prepared through insurance, how to have continuity of operations plans for their businesses, so that we can avoid the suffering, the strife, and the loss of life. It’s truly disappointing that people won’t heed the warnings.

U.S. imposing 220% duty on Bombardier CSeries planes (Uncletommy)

The key will be whether U.S. officials find that the deal between Bombardier and Delta actually hurt Boeing's business, an issue that's not expected to yield a finding for at least six months.

But today's ruling does give Boeing momentum as the dispute drags on, and more leverage in any future talks between the Trudeau government and Boeing to reach a negotiated settlement.

Ray Dalio’s Principles: A Radically Truthful Review (Axel M.)

Since investments are the topic of discussion at various times, let me shout out a big thank you to Ray, as he sheds light on what I believe is one of the biggest misconceptions in the community, notably also amongst hedge fund managers. Many have heard hedge fund managers tend to look for trades that have little downside, but much upside. A lot of investors, notably hedge fund managers, take that too literally, as they pursue options strategies. Buying an option costs fairly little (the premium), but offers potential upside that may be much greater. The problem with options is that they have what’s called time decay, notably that your option may expire worthless. In an era of low volatility, lots of options expire worthless.

Miles Franklin: From David Schectman's Desk (yogmonster)

All of the Letters are interconnected and together they form an important guide to our economy, the stock market, and our very livelihood - an educational non-fiction story of how the world really works.

Today's Letter marks a very important chapter in this ongoing story.

Navy Returns to Compasses and Pencils to Help Avoid Collisions at Sea (thc0655)

Collectively, current and former officers said, the new rules mark several significant cultural shifts for the Navy’s tradition-bound fleets. At least for the moment, safety and maintenance are on par with operational security, and commanders are requiring sailors to use old-fashioned compasses, pencils and paper to help track potential hazards, as well as reducing a captain’s discretion to define what rules the watch team follows if the captain is not on the ship’s bridge.

Is Trump a Threat to Your First Amendment Rights? (Tiffany D.)

The chief user of free speech (albeit in constant Twitter chatter), the president of the U.S., is advocating firing NFL players who exercise their First Amendment rights. That is a far greater threat to free speech than anything happening on college campuses.

Ironically, the president is using the same tactics of the college kids he and his attorney general deplore: Pressure those with whom you disagree to shut up.

Baltimore’s ‘Kushnerville’ Tenants File Class Action Against Landlord (jdargis)

Many of the cases involved former tenants who had moved out of the complexes several years prior to the Kushner Companies’ purchase of them. And some involved tenants who possessed clear evidence that they did not owe the money the company claimed, yet were pursued anyway for several years, with late fees and court fees piling on top of the original claims. The article also described shoddy conditions that many tenants contend with at the complexes, including mice, leaky roofs and mold.

New Mexico Doesn’t Want Your Kids to Know How Old the Earth Is (jdargis)

And a fifth change is a newly written standard for New Mexico middle schoolers that appears to be little more than state-sponsored boosterism for the state’s powerful oil and gas industry:

Describe the benefits associated with technologies related to the local industries and energy production.

In World’s Hottest Oil Patch, Jitters Mount That a Bust Is Near (William H.)

This is the funny thing about the business. Ups and downs are so ingrained that crazy success is seen as an omen that the end may be around the corner. It has often been the case. Midland, a city of about 140,000 halfway between Fort Worth and El Paso, has ridden the roller coaster since oil was discovered in the Permian in 1923. Now the place is on a major upswing that’s permeated every sector, from auto sales to hotel bookings to home construction.

Trump’s Solar Tariff Confusion Creates An Opportunity (Michael K.)

On the face of it, the court case doesn’t seem like such a big deal, but nothing could be further from the truth. Narrowly speaking, bankrupt Suniva filed a complaint with the ITC claiming that cheap Chinese solar panels and cells were instrumental in the company’s declining performance. Suniva, whose owners are Chinese, was quickly joined by German-based SolarWorld in its claim. The key word in the case was “flooded”: the U.S. market, the plaintiffs claimed, was flooded with Chinese-made cells and panels. The solution? A floor price of US$0.78/W for modules and a US$0.40/W tariff for solar cells—enter the broader picture.

Wendy Lu McGill on Reclaiming Insects as Food (Eric G.)

Wendy Lu McGill spent years working in International Development, where she became familiarized with the opportunities that insects offer as a healthy addition to a nutrient-dense diet. She founded Rocky Mountain Micro-Ranch, Colorado’s first and only edible insect farm where she raises crickets, mealworms, and wax worms for human consumption.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/27/17

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."

4 Comments

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 571
Is it just me or . . .

Is it just me or am I having difficulty determining what reality is. After reading the Daily Digest today I'm not sure whether the movie Idiocracy is a satirical comedy or a documentary. Is there anybody else out there experiencing similar feelings or should I seek professional help? Whether Trump trade policies, New Mexico education, insects for lunch or US naval protocols things do seem to be unraveling faster than I would have expected. Is it too early in the day to have a beer?

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1888
Crazy Preppers

I have been having discussions with several local friends and family and have been chastised about how prepping for a low tech lifestyle is "foolish."   (Why would you pay $3,000 to build rainwater collection when muni water is delivered to your home practically free?  That makes NO SENSE.)

As often discussed here, the problem is with the concepts of inevitable/impending vs. imminent.

An article on the impending eruption of the Bali volcano brought up this issue and the comment by Cog:

Cognitive Dissonance:  Back in the fall of 1999 I was telling my clients that technology stocks were about to erupt [crash] 'soon'.

It took several months for the actual lava flows to begin, but the damage was widespread and devastating. While they complained I couldn't give them the exact hour and day of the eruption, the ones who followed my advice didn't care after the fact. Those who did not take my advise moved what remained of their money to another broker after the fact because they were too embarrassed to talk to me.

Two 'clients' were very angry with me because I did not move their investments out of tech AGAINST their wishes and save them from themselves. I fired them and refused to manage their money any more.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3159
Is it too early in the day to have a beer?

Naw,  Sun's over the yardarm.  You're good.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
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