Daily Digest

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Daily Digest 10/23 - Americans Increasingly Sick and Overworked, Japan: NK Nuke Threat 'Critical'

Monday, October 23, 2017, 9:48 AM

Economy

Americans Are Retiring Later, Dying Sooner and Sicker In-Between (jdargis)

Postponing retirement can make financial sense, because extended careers can make it possible to afford retirements that last past age 90 or even 100. But a study out this month adds some caution to that calculation.

Americans in their late 50s already have more serious health problems than people at the same ages did 10 to 15 years ago, according to the journal Health Affairs.

Japan: North Korea Nuclear Threat 'Critical' (jdargis)

U.S. Defense Secretary James Mattis was more reserved in his remarks, but did slam North Korea for defying U.N. Security Council resolutions against its nuclear and ballistic missile programs.

"North Korea's provocations threaten regional and global security despite unanimous condemnation by the United Nations Security Council," he said.

Catalans Plan Human Shield to Block Madrid Takeover (jdargis)

The showdown may come at the end of the week. Regional President Carles Puigdemont, who accused Rajoy of a "coup d’etat," is set to be ousted by the Spanish government and his allies are signaling he could declare independence. The legislature in Barcelona, which is controlled by separatist parties, will convene on Thursday and Friday just as Rajoy is expected to win approval from the Senate for his crackdown.

Palladium Is the Anti-Tesla Bull Market (Tiffany D.)

The demand for palladium drove the price up to a point that it hasn’t seen since 2001. That is, the price of an ounce of palladium now costs more than an ounce of platinum.

As you can see in the chart below, this situation needed a rally of palladium while the price of platinum fell...

Tesla's global sales key: China 'biggest, strictest' electric-vehicle plan (jdargis)

Reports over the weekend indicated that Tesla was close to finalizing a deal to produce in a free-trade zone in Shanghai. This would allow Tesla to keep its intellectual property secret but might force it to pay steep tariffs if it is not granted a special exemption — essentially, treating the cars as imports. Tesla had previously said it hoped to identify a production site in China by the end of the year.

Oil Shows Weakness, But Don’t Expect A Plunge (Michael K.)

Tension in the Middle East, combined with growing confidence in the likelihood of an OPEC extension, has very few analysts seeing a lot of downside risk. “The oil market is tightening gradually,” Tamas Varga, analyst at brokerage PVM Oil Associates, told Reuters. “OPEC is expected to roll over output restrictions for another nine months, supplies are at risk in the Middle East and U.S. inventories are falling.” Still, prices showed some weakness on Thursday and Friday, and benchmark prices are set to post a loss on the week. Without some major bullish or bearish catalysts, prices could bounce around for the next few trading sessions.

How California’s Most Destructive Wildfire Spread, Hour by Hour (tmn)

One resident said that by the time the first emergency alert came, the flames were already marching toward his house, leaving just minutes to escape. As their city became engulfed in flames, many residents frantically fled their homes. But some people were unable to escape, and in many cases, their remains have been recovered inside or near their homes.

Insectageddon: farming is more catastrophic than climate breakdown (jdargis)

It is remarkable that we need to rely on a study in Germany to see what is likely to have been happening worldwide: long-term surveys of this kind simply do not exist elsewhere. This failure reflects distorted priorities in the funding of science. There is no end of grants for research on how to kill insects, but hardly any money for discovering what the impacts of this killing might be. Instead, the work has been left – as in the German case – to recordings by amateur naturalists.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/20/17

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."

5 Comments

newsbuoy's picture
newsbuoy
Status: Silver Member (Offline)
Joined: Dec 10 2013
Posts: 228
What a Human Extinction Event Looks Like

https://s3.amazonaws.com/cbi-research-portal-uploads/2017/10/12120401/Big_tech_in_AI_2.png

Seconds after the last human scans the orange glow on every horizon and dies, his/her twitter feed will ping, "Love what you do!"

 

itsa_ye_ye's picture
itsa_ye_ye
Status: Member (Offline)
Joined: Mar 11 2017
Posts: 2
climate change

Guy McPherson says humans have less than 10 years left on the planet due to abrupt climate change. How do I prep for that?

Dini's picture
Dini
Status: Member (Offline)
Joined: Oct 23 2008
Posts: 5
McPherson

Guy McPherson says humans have less than 10 years left on the planet due to abrupt climate change. How do I prep for that?

Easy. You quit paying attention to idiots like McPherson.

Quercus bicolor's picture
Quercus bicolor
Status: Gold Member (Offline)
Joined: Mar 19 2008
Posts: 456
McPherson is way off

While he be on to something in that some of the feedbacks he mentions are not fully appreciated, he then without any meaningful analysis and ignoring how the negative feedbacks will interact with the extra warming, draws these two conclusions:

  1. These feedbacks are going to lead to runaway warming in the next decade or two.
  2. That warming will cause human extinction in maybe another decade or two - the death of every single one of us with not a single spot on earth that can support human life.

While this has perhaps some nonzero chance of happening, I'd say the odds are extremely small.

newsbuoy's picture
newsbuoy
Status: Silver Member (Offline)
Joined: Dec 10 2013
Posts: 228
McFear's Son and Then Some

To paraphrase Mario Martinez (Biocognative Science Institute) "The culture will kill you before [the climate] will". Don't need a Phd to figure that one out. 

How you are preparing for death ought to be a lifetime in the making (Resilience not withstanding) and furthermore, knowing I shall die. How shall I live?

 

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