Daily Digest

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Daily Digest 1/1 - An Economic Call To Arms, The Dark Bounty Of Texas Oil

Monday, January 1, 2018, 12:10 PM

Economy

The Next Financial Crisis Will Be Worse Than the Last One (cmartenson)

On the flip side of that euphoria however, is the fact that the median wage rose just 2.4 percent and has remained effectively stagnant relative to inflation. And although the unemployment rate fell to a 17-year low of 4.1 percent, the labor force participation rate dropped to 62.7 percent, its lowest level in nearly four decades—particularly difficult for new entrants to the workforce, such as students graduating under a $1.3 trillion pile of unrepayable or very challenging student loan debt. (Not to worry though: Goldman Sachs is on that, promoting a way to profit from this debt by stuffing it into other assets and selling those off to investors, a la shades of the subprime mortgage crisis.)

H.G. Wells vs. George Orwell: Their Debate Whether Science Is Humanity's Best Hope Continues Today (blackeagle)

Orwell operated with less lofty ambitions for mankind than did Wells. In reflecting on the utopian impulse, he wrote in "Why Socialists Don't Believe in Fun" that creators of utopias resemble "the man who has a toothache, and therefore thinks that happiness consists in not having a toothache.... Whoever tries to imagine perfection simply reveals his own emptiness."

Peak México (cmartenson)

In 2004, the Astronomer Royal in Britain, Sir Martin Rees, assigned humanity about a 50/50 chance of surviving through the 21st century. He was being generous. Earth has already passed tipping points in seven of ten essential life support systems for humans — biodiversity, climate change, nitrogen cycle, phosphorus cycle, ocean acidity, land fertility, and freshwater availability — and the other three — ozone, atmospheric aerosols and chemical/radioactive pollution — have yet to be fully quantified but may have already been exceeded as well.

A Nobel Prize-winning economist thinks we’re asking all the wrong questions about inequality (blackeagle)

Some types of inequality feel instinctively ok. Americans adore inventors and rags-to-riches heroes—people like Joy Mangano, whose invention of the Miracle Mop inspired the 2015 David O. Russel movie Joy. But innovators rising net worths contribute to inequality. Aspects of globalization and technological change, like outsourcing and robotics, also suppress worker wages while benefiting the rich.

An Economic Call to Arms: The Path to Prosperity for Commoners, Capitalists & Crypto-Anarchists Alike (Afridev)

Societies, governments, economic systems — what some consider to be complex adaptive systems — have a funny way of revealing to us something deeply disturbing about ourselves: That our need to survive is derived from self-interest.

Hidden in Plain Sight (Afridev)

According to Donahue’s analysis, the shooting unfolded like this: Oswald fired his first shot from a sixth-floor window of the Texas School Book Depository soon after the motorcade made the turn onto Elm Street. But his scope was not adjusted properly, according to the Warren Commission, and the bullet missed, hitting the pavement behind and to the right of Kennedy’s limousine. Fragments ricocheted up and struck the inside windshield trim. At least two caught the president in the scalp and caused him to cry out, “My God! I’m hit!”

Science Says Fitness Trackers Don't Work. Wear One Anyway (blackeagle)

The fact is, most existing studies on fitness trackers—including the two I cited above—hinge on devices that are several years old. (Think glorified pedometers that don't connect seamlessly with the supercomputer in your pocket.) And while peer-reviewed research on the latest wave of workout gadgets is still sparse, signs suggest newer wearables are finally becoming more addictive.

The Dark Bounty Of Texas Oil (blackeagle)

Between January, 2015, and December, 2016, more than a hundred U.S. oil and gas producers declared bankruptcy, nearly half of them in Texas. This figure doesn’t count the financial impact on the pipeline, storage, servicing, and shipping companies that depend on the energy business, or the seventy-four billion dollars’ worth of debt that these bankruptcies left behind. As a gesture of sympathy, Ouisie’s Table, a Houston restaurant in the wealthy River Oaks neighborhood, began offering a three-course meal on Wednesday nights that was pegged to the price of a barrel of oil. When I visited in the early spring of 2016, the meal cost about thirty-eight dollars. (Ouisie’s Table dropped the practice when oil prices inched back up. As of December 13th, the Wednesday special would have cost $56.60.)

Guest post: Bioenergy ‘flaw’ under EU renewable target could raise emissions (Uncletommy)

The flaw is this: the directive will use an expansive classification of bioenergy products, allowing countries, factories and power plants to claim credit as renewable fuel for using trees harvested specifically for use in power plants and not merely residues and wastes.

Burning wood by-products – that is, residues and production wastes – has been long practiced in Europe. This can benefit the climate thanks to a two-fold displacement effect.

Alberta issues alert, natural gas outages in north during extreme cold snap (Uncletommy)

"At this point we are requesting that all natural gas users within the region limit their usage as much as possible," the county said in a post on Facebook Friday.

"This will help gas reach the end of the line and prevent additional houses from freezing."

Summerside smart grid uses 46 per cent wind power (Uncletommy)

In P.E.I. wind energy has a very high capacity factor, up to 50 per cent, but that still means you get too much wind power at times and too little at other times. To increase the amount of wind energy the City was using they needed energy storage.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/29/17

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."

2 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1664
Two brilliant comedy sketches on a very difficult subject

The subject is police use of excessive force.  Here are two brilliant comedic looks at it from different perspectives.  

https://m.facebook.com/NABSS2007/posts/10155613928777534

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1980
Ron Paul Institute: US Running Overthrow Script on Iran

While we ponder whether Russia "meddled" in the US election by purchasing $100,000 worth of facebook ads (half of which were purchased AFTER the election) we find that the current "humanitarian crisis" in Iran is probably a US State Department regime change script.  Similar to Libya and Syria.

 

US Empire Is Running The Same Script With Iran That It Ran With Libya, Syria

 

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Selling wars to a GREEN Meme public can be tough.  GREEN is empathetic, compassionate, kind, tolerant and understanding.  GREEN defends the underdog, victims, small animals, the helpless, minorities, the weaker sex....

GREEN does not "believe in" violence.  (Almost all GREENs oppose the death penalty and detest wars.)

Except for one very important exception ......

BAD PEOPLE! 

And BAD PEOPLE should be killed -- after being made to suffer.

So if you can get a war framed as being against BAD PEOPLE, a response to defend the victims of  aggression, then GREEN will get behind it.  And feel virtuous about it.

Watch for the victim status.  It is a powerful strategic position.  Any violence committed by the victim is moral, justified and right.

This gives rise to "humanitarian bombings" and cities leveled in wars "to protect women and children."

 

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