Daily Digest

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Daily Digest 1/4 - An Officer’s Path to Dissent, It's Beginning To Look A Lot Like 1937

Thursday, January 4, 2018, 11:04 AM

Economy

It's Beginning To Look A Lot Like 1937 (blackeagle)

No, there were no breadlines after the 2008 collapse. But like I said, history doesn't repeat, it rhymes. Who needs breadlines when you have swipeable food stamp cards? Just because the lines weren't visible doesn't mean people weren't in desperate need of assistance after the crash. The number of individuals receiving food stamps rose dramatically after the recession and reached an all-time high of 47.6 million in 2013. It has barely come down since its peak, showing just how inadequate this recovery has been.

Ten Ways America Is Falling Behind (blackeagle)

First-time homebuyers accounted for 34% of all home purchases in 2017, which neared a historic low, per CNBC. Chalk that up to sky-high home prices and those massive piles of student debt, which the New York Fed said accounted for a noted drop in homebuyers amongst millennials this year.

An Officer’s Path to Dissent (Time2Help)

In Baghdad, I saw chaos unleashed, watched a sectarian civil war unfold, witnessed the strife our ill-advised, unprepared invasion unleashed. We were terrified voyeurs to the tragedy playing out before us. Militias left gruesome bodies in the streets for us to find. The Sunnis cut off heads, the Shiites preferred power drills to the temples and joints. Both sides attacked us. Through it all, locals treated us to stories of how matters had been better under the secular brutality of Saddam Hussein.

The Biggest Secret (blackeagle)

My case was part of a broader crackdown on reporters and whistleblowers that had begun during the presidency of George W. Bush and continued far more aggressively under the Obama administration, which had already prosecuted more leak cases than all previous administrations combined. Obama officials seemed determined to use criminal leak investigations to limit reporting on national security. But the crackdown on leaks only applied to low-level dissenters; top officials caught up in leak investigations, like former CIA Director David Petraeus, were still treated with kid gloves.

Massive leak exposes data on 123 million US households (drbost)

The repository contained massive data sets belonging to Alteryx partner Experian, a consumer credit reporting agency that competes with Equifax, and already publicly available data from the US Census Bureau, researchers said. Alteryx apparently purchased the data from Experian's ConsumerView marketing database, a product sold to other companies that contains a combination of publicly available information and more personal data.

How Antivirus Software Can Be Turned Into a Tool for Spying (blackeagle)

Mr. Wardle’s curiosity was piqued by recent news that Russian spies had used Kaspersky antivirus products to siphon classified documents off the home computer of an N.S.A. developer, and may have played a critical role in broader Russian intelligence gathering.

“I wanted to know if this was a feasible attack mechanism,” Mr. Wardle said. “I didn’t want to get into the complex accusations. But from a technical point of view, if an antivirus maker wanted to, was coerced to, or was hacked or somehow subverted, could it create a signature to flag classified documents?”

The Data That Threatened to Break Physics (blackeagle)

Wolfgang Pauli postulated the existence of neutrinos in 1930 to solve a simple problem. When nuclei undergo beta decay through the emission of an electron or a positron, the electron’s antimatter equivalent, something is missing. Either something invisible is emitted along with the electron or positron, or energy must disappear. Since no repeatable experiment of anything flying, falling, moving, colliding, decaying, or staying put had ever seen energy disappear, Pauli proposed the neutrino, an invisible particle with all the properties necessary to bring beta decay into accord with the first law of thermodynamics. By invisible, I mean that when neutrinos pass through matter they rarely leave a trace. So rarely that it took almost 30 years before an experiment (by Frederick Reines and Clyde Cowan) found physical evidence of them.

A Return To Financial Sanity (GE Christenson)

“We criticize Venezuela and Zimbabwe, because their mistakes are obvious to us. But we fail to realize the only difference between them and us is the speed of their failure compared with ours.”

Cryptos, Stocks, Gold & Silver: Things to Come in 2018 - Mike Maloney (Diane C.)

What’s happening in the crypto sector can’t be ignored. Mike is simply encouraging everyone to understand the technology behind this revolution, and how it might figure into your future. The price of bitcoin gets a lot of headlines, but the technology behind the cryptos is not a fad, and won’t disappear. Mike encourages everyone to investigate how it will have a place in our society going forward.

Cold Weather Shocks Natural Gas Prices (Michael K.)

On the demand side of the ledger, the U.S. is now burning through much more gas because of the cold snap. There is a structural issue and a seasonal one. The U.S. has built a long line of new gas-fired power plants in recent years to burn cheap natural gas, which has catapulted natural gas into the top spot for electricity generation. So while gas consumption fluctuates seasonally, the spring and autumn lows are getting higher and the winter spikes are also getting higher. This is a structural increase that will continue to grow over time.

When There Are No More Fish (blackeagle)

With the water comes the fish — billions of them, representing more than 100 species, which migrate from higher reaches of the Mekong down through the Tonle Sap river and into the lake. Across the globe, only a handful of countries — all many times the size of Cambodia — boast larger inland fisheries. None rely on their lakes to the extent that Cambodia does. The fish, some 500,000 tons of which are caught each year, feed the nation, providing the main source of protein for as much as 80 percent of the population, and they feed Cambodia’s neighbors, who import thousands of tons each year as part of a $2 billion industry.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/3/18

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."

3 Comments

Uncletommy's picture
Uncletommy
Status: Gold Member (Offline)
Joined: May 3 2014
Posts: 455
How cold did you say it was?

It's one thing when your propane won't vaporize, but magnitude 2.0 frost quakes?https://globalnews.ca/news/3943723/alberta-beach-seismic-event-what-is-ice-quake/

newsbuoy's picture
newsbuoy
Status: Silver Member (Offline)
Joined: Dec 10 2013
Posts: 228
That's what my 90 year old Mom said!

Like 1937: "This is reminding me of when I was a girl..." My Mom is 90 this year and still healthy in body and mind. When we talk politics she often goes into "those damn Russians (ie. Stalinist Communists)..." but lately the commentary has changed. More somber, quite and less emotionally driven. Frankly, it was scary as hell to here someone who was "there" say it feels the same.

So, when they come for your neighbor, and they point a gun to your head and ask. "are you a feminist?" (kidding) or fill in the blank.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4043
Global Debt Hits Record $233 Trillion

Global Debt Hits Record $233 Trillion

Bloomberg-10 hours ago
Global debt rose to a record $233 trillion in the third quarter of 2017, more than $16 trillion higher from end-2016, according to an analysis by the Institute of International Finance. Private ... The United Nations calculates the global population is 7.6 billion, suggesting the world's per capita debt is more than $30,000. The debt ...

Treasury to Sell $146 Billion in Debt

Wall Street Journal-14 hours ago
The U.S. Treasury Department will auction $146 billion in securities next week, comprising $66 billion in new debt and $80 billion in previously sold debt. Details (all with minimum denominations of $100):. Monday: $48 billion in 13-week bills, a reopening of an issue first sold on Oct. 12, 2017, maturing April 12, 2018.

Euro-Area Inflation Slowdown Undermines Hawkish Calls to End QE

Bloomberg-3 hours ago
Yet Friday's data could serve as a cue not to move too fast. Consumer-price growth is well short of the goal of just under 2 percent, even with the support of QE and negative interest rates, and the ECB forecasts little improvement this year. A separate report showed Italian inflation unexpectedly slowed last month to 1 percent ...

 

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