Daily Digest

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Daily Digest 12/15 - China’s All-Seeing State, A Small Grains Renaissance

Friday, December 15, 2017, 12:11 PM

Economy

In Your Face: China’s all-seeing state (Yoxa)

China has been building what it calls "the world's biggest camera surveillance network". Across the country, 170 million CCTV cameras are already in place and an estimated 400 million new ones will be installed in the next three years.

Cyberattacks Prove That No One Is Safe (Tiffany D.)

The idea is that banks regularly copy their account data, encrypt it and securely store it with other member banks. That way, if a cyberattack disrupts operations in one bank, it could always turn to others in the Sheltered Harbor initiative to retrieve its data.

Sheltered Harbor got started in late 2016 with about three dozen top U.S. banks, credit unions, brokerage houses and other financial institutions. The goal is to enroll the majority of the financial industry into the system in the next few years.

Portugal’s radical drugs policy is working. Why hasn’t the world copied it? (jdargis)

In 2001, nearly two decades into Pereira’s accidental specialisation in addiction, Portugal became the first country to decriminalise the possession and consumption of all illicit substances. Rather than being arrested, those caught with a personal supply might be given a warning, a small fine, or told to appear before a local commission – a doctor, a lawyer and a social worker – about treatment, harm reduction, and the support services that were available to them.

The Woman Beside Wendell Berry: The Most Important Fiction Editor Almost No One Has Heard Of (robie robinson)

When people finally find a place to stop, what’s the next step in making a successful home?

“Well, first, you have to be in it,” she says, meaning that people have to commit to staying put, working together, eating together as part of their daily routine. That’s not easy for people with one or more jobs outside the home or living in suburbs that make family and community connections difficult. She recalls the year Wendell was a visiting professor at Stanford, when she found herself in a Menlo Park rental with not much to do except chauffeur children and cook, her only period of feeling isolated and unfulfilled. She couldn’t wait to get back to Henry County.

Long Term Patterns in Stocks, Gold and Crude (GE Christenson)

When the monthly RSI (timing indicator at bottom of graph) exceeds 70, turns down, and prices fall below the red support line, a significant correction or crash is possible. Those crashes occurred in 1987, 2000, and 2008. The S&P is ready to make a similar correction or crash in 2017 or 2018. The RSI has reached its highest level in two decades.

Adapt Or Die: Oil Majors In The New World (Michael K.)

Seven years back, it acquired shale gas producer XTO Energy, and although some analysts believe the acquisition was badly timed—the price of gas slumped from US$5 per mmBtu at the time of the acquisition to US$1.6 per mmBtu last year - it did provide Exxon with exposure to shale gas, which, most analysts believe, has a bright future.

Climate change threatens Montana’s barley farmers – and possibly your beer (jdargis)

One of them was Brad Schaefer, a wiry man in his early 60s who has been farming barley for 44 years. He ordered a tall one, then joined the other farmers. One of his fields had been evaluated that day by Anheuser-Busch, the brewer of Budweiser, Beck’s and Goose Island among many others. He told his friends the grains were judged to be uneven in size – the result of heat stress – which wouldn’t please the brewery giant or the malt-barley broker Malteurop, the two main buyers of Schaefer’s malt barley.

Where Corn Is King, the Stirrings of a Renaissance in Small Grains (dcm)

The majority of conventional farmers leave their soil barren for nearly half the year, exposing it to erosion in a state where some townships see as many as 64 tons of soil per acre run into waterways each year. Along with that soil come the remnants of fertilizer applications, in the form of nitrates and phosphorus, which foul drinking water, choke out aquatic life, and spur toxic algae blooms. Des Moines Water Works, the state’s largest water utility, spends an estimated $1.2 million per year to remove nitrates from drinking water to meet U.S. Environmental Protection Agency safety levels.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/14/17

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1614
Net neutrality won't be

davefairtex's picture
davefairtex
Status: Diamond Member (Offline)
Joined: Sep 3 2008
Posts: 5416
in this case...

I don't agree.  Letting monopolies do whatever they want generally ends up with bad outcomes for consumers, and it appears as though that's what the FCC is now allowing.

If the CEOs of the Telecom Cartel don't act to gouge their customers, they would be breaching their fiduciary duty to their shareholders.  Kinda like your dog breaching his duty to his stomach by NOT eating that food fragment that happened to drop on the floor in the kitchen.  So...now that the FCC's restrictions are being lifted, we can expect that's what they'll be doing.  Gobble gobble.

They will end up charging more to provide exactly the same service.

Kinda like what the drug cartels are doing right now.

"That's a nice streaming service you got there.  It would be a shame if anything were to happen to all those bits you are sending out."

If you have a monopoly, you must regulate it, because by the very nature of capitalism, monopoly businesses are predatory.

Guy leading the FCC right now used to be Associate General Counsel for Verizon.  Seems like a strong believer in "monopoly deregulation."

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