Daily Digest

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Daily Digest 10/6 - Good News Friday: Big Oil Moves To Cut Methane, Higher Carbon 'Budget'?

Friday, October 6, 2017, 12:07 PM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

Carbon 'budget' may be bigger than thought: study (jdargis)

"This is good news but the pressure is not off," said Rogelj.

The findings, he added, "revived the objective of keeping maximum warming to 1.5 C—back from being a geophysical and socioeconomic implausibility to it being possible, yet still very challenging."

New Maryland law lets some prisoners seek reduced sentences for drug crimes (Jen H.)

But the repeal of mandatory minimum sentences reflects growing bipartisan concern that they pressure defendants into taking plea deals, take discretion away from judges, and have a disproportionate impact on minorities.

A massive review of the evidence shows letting people out of prison doesn’t increase crime (Jen H.)

“I estimate, that at typical policy margins in the United States today, decarceration has zero net impact on crime,” Roodman wrote in a blog post. “That estimate is uncertain, but at least as much evidence suggests that decarceration reduces crime as increases it. The crux of the matter is that tougher sentences hardly deter crime, and that while imprisoning people temporarily stops them from committing crime outside prison walls, it also tends to increase their criminality after release. As a result, ‘tough-on-crime’ initiatives can reduce crime in the short run but cause offsetting harm in the long run.”

This Low-Risk Investment Returns Twice as Much as Treasury Bonds (Tiffany D.)

In short, peer-to-peer lending is when lenders and borrowers are connected over the internet by a lending company that acts as a financial intermediary. So when someone applies for a loan through a P2P lending company, that company pools money from individual lenders all over the country to fund the loan.

The Trillion Dollar Market That Stopped Chasing Profits (Michael K.)

The logic of enduring years of loss-making in efforts to secure a substantial share of a nascent market might be alien for traditional business, but that doesn’t make it unreasonable. Regardless of how much drivers love their SUVs and pickup trucks and regardless how much they get annoyed with longer charging times for EV as compared with ICE vehicle fueling, there’s a mental shift happening on a global level, and it will only spread.

Big Oil Moves on Its Own to Cut Methane Pollution (jdargis)

Meanwhile, ExxonMobil Corp. unit XTO Energy’s plans to fix or upgrade its infrastructure may accomplish more than the EPA rule would require. That rule would only apply to new facilities, but the company said it will upgrade existing equipment. Much of the lost methane, a potent greenhouse gas, comes from the use of equipment that manages natural gas production flow. Venting such gas into the air is one way of balancing the system, but the downside is that methane has been 28 times more powerful than carbon dioxide in causing global warming over the past century.

China to revoke over 1,000 iron ore mining licences amid pollution crackdown (jdargis)

China's mines produce some 350 million – 400 million tonnes a year on a 62% Fe-basis. Around one-third of the many small mines struggling with low iron ore content (average close to 20%) have costs per tonne of more than $100.

The bulk of Chinese fines require a process called sintering (fines are mixed with coking coal and partially smelted) before being fed into blast furnaces, which greatly adds to the steel industry's environmental impact.

NYC Paramedic Flies to Maria-Ravaged Puerto Rico With Supplies, Volunteers (Jen H.)

The journey comes as families -- many of them in the tri-state -- scramble to bring relatives from Puerto Rico to the U.S. mainland. But with heavy damage and mass power outages, there have been few commercial flights departing from the capital, San Juan.

Yadira Perez Marcano was one of the lucky few to snare a seat on the solitary Delta flight to New York City's Kennedy Airport on Tuesday.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/5/17

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."

1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3988
Over 1/2 trillion

The Daily History of the Debt Results

Historical returns from 09/05/2017 through 10/05/2017

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/05/2017 14,418,693,678,455.88 5,425,696,570,659.58 19,844,390,249,115.46
09/06/2017 14,411,300,801,153.53 5,433,031,596,205.00 19,844,332,397,358.53
09/07/2017 14,410,076,163,680.58 5,434,510,797,926.54 19,844,586,961,607.12
09/08/2017 14,622,661,213,046.99 5,539,515,584,857.14 20,162,176,797,904.13
09/11/2017 14,624,241,429,758.93 5,541,451,312,230.98 20,165,692,741,989.91
09/12/2017 14,624,438,900,751.01 5,549,066,963,311.24 20,173,505,864,062.25
09/13/2017 14,624,323,575,931.90 5,535,685,753,745.91 20,160,009,329,677.81
09/14/2017 14,627,258,513,577.20 5,538,208,163,557.51 20,165,466,677,134.71
09/15/2017 14,611,034,425,087.68 5,542,533,460,806.59 20,153,567,885,894.27
09/18/2017 14,611,842,621,457.12 5,548,586,373,662.92 20,160,428,995,120.04
09/19/2017 14,613,433,326,528.05 5,559,770,521,150.39 20,173,203,847,678.44
09/20/2017 14,615,129,910,868.64 5,549,678,200,641.26 20,164,808,111,509.90
09/21/2017 14,628,384,646,682.33 5,551,385,212,284.89 20,179,769,858,967.22
09/22/2017 14,630,331,480,226.74 5,551,652,668,735.00 20,181,984,148,961.74
09/25/2017 14,630,071,008,794.37 5,560,122,316,121.53 20,190,193,324,915.90
09/26/2017 14,632,474,734,832.72 5,568,253,805,415.55 20,200,728,540,248.27
09/27/2017 14,632,295,977,672.22 5,556,653,461,561.41 20,188,949,439,233.63
09/28/2017 14,649,194,898,519.78 5,554,473,955,287.98 20,203,668,853,807.76
09/29/2017 14,673,428,663,140.94 5,571,471,352,912.57 20,244,900,016,053.51
10/02/2017 14,679,489,825,137.65 5,668,312,511,340.15 20,347,802,336,477.80
10/03/2017 14,678,605,049,125.80 5,665,146,138,982.01 20,343,751,188,107.81
10/04/2017 14,678,619,924,422.85 5,668,028,257,215.06 20,346,648,181,637.91
10/05/2017 14,699,886,899,813.05 5,671,286,502,639.18 20,371,173,402,452.23

 

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