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Daily Digest 12/21 - Workplace Drug & Alcohol Deaths Soar, How China’s Surveillance State Overwhelms Daily Life

Thursday, December 21, 2017, 10:42 AM

Economy

Drug and Alcohol Deaths at U.S. Workplaces Soar (sign in required, LesPhelps)

The number of U.S. deaths at work from unintentional drug and alcohol overdoses jumped more than 30% in 2016, according to new government data, showing that the nation’s struggle with a deadly opioid epidemic is migrating to the workplace.

The Coming Fiscal Derailment - Why FY 2019 Will Sink The Casino (thc0655)

As detailed below, Uncle Sam's borrowing requirements are likely to hit $1.25 trillion or more than 6% of GDP in FY 2019 owing to the fact that the tax bill is so heavily front-loaded and the GOP's wild spending spree for defense, disasters and much else.

Needless to say, this impending bond market collision has not fazed the dip-buyers in the slightest. Financial markets are in the blow-off stage of the third great central bank bubble of the present era and are therefore entirely in the grip of momentum chasing robo-machines and day traders. The latter are processing price action alone----to the complete exclusion of a swelling tide of facts and threats which sharply contradict the bullish mania of the moment.

Twelve Days in Xinjiang: How China’s Surveillance State Overwhelms Daily Life (sign in required, lambertad)

Security checkpoints with identification scanners guard the train station and roads in and out of town. Facial scanners track comings and goings at hotels, shopping malls and banks. Police use hand-held devices to search smartphones for encrypted chat apps, politically charged videos and other suspect content. To fill up with gas, drivers must first swipe their ID cards and stare into a camera.

Big Science: Part 4 (Jesper A.)

In chapter seven of This Changes Everything, the author asks if capitalism can save capitalism. This seems to be a working model for Naomi Klein, in a twist Soros it seems is thinking that too (reflexivity). The question for cybernetics, and systems-thinking is the sociology of sociology, the investigations of Bourdieu are half-systemic only. See further for these complicated things in the critical afterword. The marxist notions of change have been helpful to the sciences, and this might be one line of argument, another which I find more useful is the science of science itself. We may explain it this way; ethnography invented the passionate observer, what ethnography calls participatory observer perspectives, we must not disband critically observing science (one step beyond Descartes).

Gold EFPs: Absolute Proof That Paper Gold Is A Fraud (goldrunner1)

The EFPs and PNTs plunge the Comex operations into even greater opacity – likely intentionally. In all probability, the EFPs and PNTs are used to bridge the gap between the amount of gold (silver) that needs to be delivered and the amount of gold (silver) that is available to be delivered. The settlement of the contract occurs outside of the Comex. These contract settlement devices further enable the ability of the western Central Banks to execute the successful manipulation of the gold (silver) price.

Here’s Where to Look for 2018 Profits (Tiffany D.)

Tax reform is one piece of the puzzle. It promises to free up billions in corporate cash held in overseas accounts, and lower the corporate tax rate to 21%.

The attitude of American consumers is another component. Consumer spending hit a one-month record not seen since 2009, when the U.S. economy was just emerging from the recession and financial crisis.

The World's Biggest Offshore Boom Is Accelerating (Michael K.)

The investment announcements are significant because Brazil is picking up momentum after years of disappointment. Petrobras had to repeatedly downgrade its forecast for production growth, succumbing to a future of more modest ambitions. The state-owned oil company can claim the mantle of the most indebted oil company in the world, a debt pile that once vastly exceeded $100 billion.

Can New Mexico’s ancient irrigation canals survive a changing climate? (jdargis)

Santa Cruz de la Cañada is home to dozens of small farms like this. Although most are not as diverse as Bustos’, nearly all sidle up to an acequia. From the Taos Valley in the north to Albuquerque and other communities farther south, there are more than 1,000 of the canals in the state irrigating some 12,000 family farms. Acequias have been crucial to life, and to a way of life, in New Mexico for centuries. But now they face a range of problems, from climate change to changing economic and cultural realities, that threaten their future and the livelihoods and traditions of the people who depend on them.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/20/17

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]erity.com. 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."

12 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4207
QE Works But Not Forever, BIS Study Tells Central Banks

QE Works But Not Forever, BIS Study Tells Central Banks

Bloomberg-8 hours ago
The benefits of central banks pumping money into the economy by buying securities diminish over time, according to a BIS paper. That's the conclusion of a Bank for International Settlements Working Paper by Henning Hesse, Boris Hofmann and James Weber, who compared the effects of the asset purchases in the U.S. ...

Leveraged Loans Face Less Cushion in a Crash

Bloomberg-18 hours ago
Some have been warning recently that a crash in leveraged loans, one of Wall Street's hottest debt markets, could do investors a lot more damage than in the past. Investors, though ... U.S. companies have raised nearly $1.4 trillion in the relatively risky lending market this year, up 46 percent from a year ago. The lack of ...

Bank of Japan holds rates as inflation remains low

RTE.ie-8 hours ago
The Bank of Japan will also keep charging a negative interest rate on some accounts held by financial institutions at the central bank in a bid to prompt lending by commercial banks. Investors will scrutinise remarks by Bank of Japan chief Haruhiko Kuroda later Thursday for clues about a timeline for pulling back its huge ...
 

Deepest India Bond Rout in 17 Years Shows No Sign of Abating

Bloomberg-10 hours ago
Some see it going from 7.25 percent on Thursday to as high as 7.50 percent, as a potentially wider fiscal deficit risks more debt sales by the government and elevated ... With the 10-year yield up 73 basis points in 2017, benchmark sovereign bonds are set to end a three-year winning run, during which the yield slipped 231 ...

Snyder signs scaled-back plan for unfunded liabilities

The Detroit News-17 hours ago
... pension and retiree liabilities to the state. Municipalities with large debts could be required to submit a corrective action plan to a new Municipal Stability Board within the Department of Treasury. Snyder called the final package “an important step in addressing one of Michigan's remaining unfunded liability challenges.”.

 

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 807
Drug and Alcohol Deaths in US Workplace SOAR

SOAR more than 30% in 2016, from 165 workers in 2015 to 217 workers in 2016.  

A soaring increase of 52 wokers or 0.0000159% of the US population.

I'm of the opinion there is an intentional media campaign aimed at prescription opioid pain relievers.

I will assume that a very small percentage of the opioid addicts stareted out as legitimate patients who got addicted.

However, my college years started in 1971.  I've seen youngsters experiment with drugs.  The number of people with drug problems today indicate that another path is leading most to addiction.

What I have always feard is coming to pass.  As my advanced lower back arthritis pain becomes more chronic, the drugs I will need are in the process of being eliminated.

This year, I had to answer no to 2 pages of questions and sign a document in order to get my annual prescription for a handful, heck, not even a handful of pain pills.

I suspect it is the last on I will get.  20 counties in the state I live in are suing drug companies for the cost of drug addiction.

My doctor has tried me on two different non opioid pain pills.  One gives me loud tinnitus and the second costs me $3.22 per pill (vs. $0,21 for oxy),

Someting screwy going on?

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 807
Drug and Alcohol Deaths in US Workplace SOAR

SOAR more than 30% in 2016, from 165 workers in 2015 to 217 workers in 2016.  

A soaring increase of 52 wokers or 0.0000159% of the US population.

I'm of the opinion there is an intentional media campaign aimed at prescription opioid pain relievers.

I will assume that a very small percentage of the opioid addicts stareted out as legitimate patients who got addicted.

However, my college years started in 1971.  I've seen youngsters experiment with drugs.  The number of people with drug problems today indicate that another path is leading most to addiction.

What I have always feard is coming to pass.  As my advanced lower back arthritis pain becomes more chronic, the drugs I will need are in the process of being eliminated.

My doctor has tried me on two different non opioid pain pills.  One gives me loud tinnitus and the second costs me $3.22 per pill (vs. $0,21 for oxy) and neither touch opioid pain relievers for pain relief.

I'm starting to wonder if drug companies want to create a market for higher margin products.

 

Someting screwy going on?

sand_puppy's picture
sand_puppy
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Posts: 1980
Jerusalem Vote at the UN

Jerusalem Vote at the UN

What do you guys and gals think is going on here?  Who benefits?  Who loses?  Leaving rhetoric aside, What is the true purpose?  Why now?

Uncletommy's picture
Uncletommy
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Joined: May 4 2014
Posts: 608
Does it really matter?

Ultimately we are all being played!

kleymo's picture
kleymo
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Joined: Apr 28 2012
Posts: 16
back

For lower back pain, set up a pipe somewhere high enough for you to hang from it. Hang a few seconds, then repeat. You may need to lay on the floor and do a few of those exercises the chiropractor told you about, too. It works for me, and no pills. Lastly, in the shower, turn the water up as hot as you can stand and let it run over your lower back for as long as you can stand. It will relax the muscles.

Doug's picture
Doug
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Posts: 3191
narcissistic vengeful autocrat

I think John Brennan has it about right with respect to the status of Jerusalem and the subsequent threat to withdraw funding of the UN and countries who vote against the US in the UN:

https://www.huffingtonpost.com/entry/john-brennan-donald-trump-narcissis...

Quote:

Trump Admin threat to retaliate against nations that exercise sovereign right in UN to oppose US position on Jerusalem is beyond outrageous. Shows @realDonaldTrump expects blind loyalty and subservience from everyone—qualities usually found in narcissistic, vengeful autocrats.

Trump actually thinks everyone, including other nations, should be his sycophants.  The shameless pandering of Congressional Republicans after they passed the tax bill is a prime example of what he expects of all of us.  What national leaders doesn't he criticize?  Putin, Erdogan and Dutarte, autocrats one and all.

DennisC's picture
DennisC
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Posts: 328
Drip, drip, drip

Found this article purely by chance and hadn't seen anything in the MSM about it.  Just another data leak.  Nothing to see here or worry about, really.

https://www.thesslstore.com/blog/alteryx-data-leak/

What Information has been leaked?

Alteryx, being a data analytics firm is a partnered with Experian, a credit reporting agency, and US Census Bureau. As a result, the leaked repository had data provided by both Experian and the 2010 US Census. Although the files didn’t have the names, it is said to have 248 different data fields that include address, estimated income, phone number(s), the span of time for which your car has been in use and a countless number of other details. The primary database is of around 36 gigabytes. This files even know whether you’re a cat person or a dog person. And NO, I’m not kidding.

Another link, pretty much the same info.

https://www.forbes.com/sites/thomasbrewster/2017/12/19/120m-american-hou...

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4207
Retired Illinois Educators Taking Home Millions in Pensions

Retired Illinois Educators Taking Home Millions in Pensions

Chicago Tonight | WTTW-15 hours ago
It is currently 40 percent funded, and Illinois taxpayers will shell out $4.09 billion in 2018, with 80 percent of that going to pay down the unfunded liability and 20 percent to pay current benefits. The TRS is the largest of the state pension systems, that collectively are at least $130 billion underfunded and the main driver of the ...

 

cmartenson's picture
cmartenson
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Posts: 5827
Re: narcissitic vengeful autocrat
Doug wrote:

I think John Brennan has it about right with respect to the status of Jerusalem and the subsequent threat to withdraw funding of the UN and countries who vote against the US in the UN:

I upvoted this comment because the Jerusalem decision was a ridiculous major gaffe followed by some deeply unsavory bluster and threats.  Nikki Haley is also revealed here (and elsewhere and priorly) to be a deeply unhinged individual profoundly unsuited to the game of diplomacy.

Instead we get the impression of late-stage Roman bureaucrats desperately issuing increasingly Draconian edicts as they fail to comprehend that their power is not only waning, but dangerously close to being openly revolted against.

The US vote was a revolt.  Notice who in Europe voted against....Nikki can spout all she wants about how "65 countries did not vote against the US..." but the fact is that only 8 voted *with* the US and the rest of the 65 abstained (not the same thing as she's implying) and the real object lesson sits with the list of those who did actively vote against the US, notably:

  • The UK
  • France
  • Germany
  • Spain
  • Italy
  • Greece
  • Portugal
  • Ireland

In other words, practically all of Europe.

And here's  echoes of the "Coalition of the willing" again as indicated by the 8 (not 9)  that voted with the US:

  • Guatemala
  • Honduras
  • Israel
  • Marshall Islands
  • Micronesia
  • Nauru
  • Palau
  • Togo
  • US

(I cannot read the word "Palau" without hearing it in that dramatic voice Michael Moore used in his 9/11 film..."PALAAAAU!!!!")

Great.  The massive human rights violators of Central America are on the side of the current president and his insane ambassador to the UN.  Super.  That's awesome.  

If you ever wanted to know what it must have been like just over the peak of the Roman empire's reach and power and things disturbingly and confusingly slipped out of their grasp. wonder no more.  You are living through it yourself if you are in the US.

thc0655's picture
thc0655
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Posts: 1664
FBI LV investigation proceeding slower than glaciers are melting

http://www.foxnews.com/us/2017/12/22/las-vegas-shooting-fbi-official-says-info-on-motive-may-take-until-next-october-to-release.html

Want to finally know why Stephen Paddock gunned down 58 people in Las Vegas in early October?

Be prepared to wait a while – possibly until next October – the chief of the FBI’s Las Vegas office revealed this week during an interview in which he said the agency probably wouldn't brief the public until their report is released sometime before the tragedy’s first anniversary.

“Now that’s a long time for some people, but speaking for the FBI, that’s light speed, all right?” Special Agent in Charge Aaron Rouse told the Las Vegas Review-Journal on Wednesday...

Rouse told the Las Vegas Review-Journal that the FBI has interviewed around 400 people worldwide in connection to Paddock and has brought in the same number of specialists to help document evidence. He said the Route 91 Harvest music festival site took investigators 14 days to comb over, while Paddock’s room and hotel hallway at the Mandalay Bay Resort and Casino took 13. Important items found at both sites have been sent to the FBI's central lab in Virginia.

“We’re going to have, I think, the best digital schematic of what happened and where it happened and how it happened that you can come up with,” Rouse said.

He added that FBI investigators have 22,000 hours of surveillance and cellphone footage and 250,000 photos to look over, amounting to about 40 terabytes of data.

fionnbharr's picture
fionnbharr
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Posts: 87
As My Memory Serves Me

Chris,

If my memory serves me, from 2014, Noam Chomsky in his speech at the Hall of the United Nations assembly. It seems Nikki Haley went down yet another memory hole 

As U.N. Secretary-General Ban Ki-moon announces plans to set up an investigation into the attacks on United Nations facilities during Israel's recent assault on the Gaza Strip, we broadcast the speech of world-renowned political dissident Noam Chomsky, who recently spoke in the hall of the U.N. General Assembly at an event sponsored by the United Nations Committee on the Exercise of the Inalienable Rights of the Palestinian People. “The pattern that was set in January 1976 continues to the present,” said Chomsky, Institute Professor Emeritus at Massachusetts Institute of Technology. “Israel rejects a settlement of these terms and for many years has been devoting extensive resources to ensuring it will not be implemented with the unremitting and decisive support of the United States — military, economic, diplomatic and ideological.”

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