Daily Digest

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Daily Digest 1/13 - Surrounded By Neocons, Should Big Oil Pay For Climate Change?

Saturday, January 13, 2018, 3:58 PM

Economy

Social Change Will Upend the Status Quo (Matt H.)

The power structure can manipulate financial metrics, but it can't manipulate rising wealth/power inequality or social discord. Whatever you think of President Trump, his election is a symptom of profound social discord--discord which author Peter Turchin explains is cyclical and cannot be squashed with phony reforms like UBI or police-state repression.

What If Everyone Got a Monthly Check From the Government? (thc0655)

In its truest form, universal basic income, or UBI, money would be given to everyone. Warren Buffett would get it. LeBron James would get it. So would drug addicts and convicts and people who create Instagram hashtags for their dogs. Technically, Finland’s experiment wasn’t universal, but if the government liked the results, the hope was for the system it eventually implemented to be so.

Surrounded By Neocons (Time2Help)

Stephens cites two of his buddies Ken Weinstein of the Hudson Institute and Mark Dubowitz of the Foundation for the Defense of Democracies (FDD), who are apparently experts on how to squeeze Iran. Weinstein prefers exposing the misdeeds of the Mullahs to anger the Iranian people while Dubowitz prefers punitive sanctions “for corruption.”

2007 All Over Again, Part 7: Borrowers Start Scamming Desperate Lenders (thc0655)

You have to feel sorry (and, yes, a bit of disgust) for the victims of this recurring scam. Pension funds, for instance, are saddled by their political masters with unrealistically high return assumptions of 7% – 8%, which are unattainable in a world where long-term bonds yield next to nothing. So the prospect of even an extra percentage point of yield is tantalizing for pension fund managers whose jobs are on the line if they can’t do the impossible.

Silver Antidote to Bubble Craziness (GE Christenson)

Central banks create trillions of U.S. dollars, euros, pounds, yen and Swiss Francs each year. The Swiss central bank “creates” currency units and buys U.S. stocks. The media thinks “creating from nothing” is normal and healthy, yet informs us that investing in gold, to protect from devaluing currencies, is silly and dangerous!

Here Come The Cryptocorns (Tiffany D.)

While bitcoin posted a 1,485% gain in the past year, the decentralized platform for smart contracts known as Ethereum skyrocketed 12,822% in that same time period. Conceived by then-19-year-old Vitalik Buterin in 2013, the Ethereum platform has underlied the creation of 1,000 new blockchain projects.

As entrepreneurs find new ways to apply blockchain’s innovative technology to solve real-world problems, these ideas are being met with waves of new capital from nontraditional investors.

Scientists Discover Clean Water Ice Just Below Mars' Surface (tmn)

NASA calls the use of space-based resources “in-situ resource utilization,” and the agency thinks it will be essential to survival in deep space. Of particular interest to ISRU planners is the depth of the ice, and the ratio of pure ice to that mixed in with bits of Mars regolith. The more pristine the ice, and the closer it is to the surface, the less energy it takes to extract and use.

Should Big Oil Pay For Climate Change? (Michael K.)

The lawsuit seeks compensation for the cost that the city would incur to insulate itself from the effects of climate change, which would include a long list of actions, such as upgrading sewer and water infrastructure, coastal defenses, seawalls, and a variety of public health measures. “In this litigation, the City seeks to shift the costs of protecting the City from climate change impacts back onto the companies that have done nearly all they could to create this existential threat,” the complaint from NYC said.

Somewhere, Away From It All (Adam)

Though the members of this community all know each other, they reside in scattered locations — some shared, some individual. Several of the residents have an interest in anarchy and far-left politics, but there are no explicit ideologies that govern the inhabitants. Instead, they abide by unwritten guidelines of shared emotional and physical space.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/12/18

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."

2 Comments

LesPhelps's picture
LesPhelps
Status: Platinum Member (Offline)
Joined: Apr 30 2009
Posts: 728
Should big oil pay for climate change?

If you wear your thinking cap, while reading this article, the question becomes absurd.

Why isolate big oil?  What about the auto industry?  What about companies who supply the auto industry?  How about the transportation industry, for inefficient energy consumption?  How about people who commute in F150s, or Suburbans, or small families who live in 4,000 square foot homes?  How about couple who have six children?

Then, why just New York?  Why doesn’t society sue the oil companies for all “climate change costs?”  Of course, the list of costs associated with climate change could be open ended.

You could make a case for suing pretty much everybody.  You could make a case that a large portion of the people alive today have either profited, or personally benefited from today’s energy consumption.

Like I say, absurd.

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 367
End of the GOP is coming

https://www.axios.com/trumps-nightmare-1515938294-93dd2060-0790-4cbe-95e...

  • Hill sources tell us that a House Democratic takeover is now likely.
  • One strategist close to Republican leaders believes that a loss of the House is "baked in," and said top Republicans don't see a way to avoid it.
  • It would take a flip of 24 seats for Dems to take over. The average loss for the president's party in his first midterm is about 32 seats, and we're hearing forecasts of 40+ losses.
  • Eight House GOP chairs have retired: You don’t climb to the top of power in Congress and leave unless you feel confident your reign will soon end. (Another factor: Chairmanships are term-limited from a Gingrich-era reform.)
  • Record retirements for GOP: Already, 29 GOP seats are open, a pace far exceeding the past two elections that saw power change hands. 
  • Democrats outperformed their norms in turnout, and in total votes, in all seven 2017 elections. This is a clear indicator of energy. 
  • Record number of Democratic women voting and considering running for office. This, more than anything, is a reaction to Trump and the #MeToo movement. 
  • In polls, voters prefer Democrats for Congress by a 10-point margin. There is no way to spin this: +10 is terrible in a 50/50 nation.

GOP faces growing demographic nightmare in West

http://www.google.com/url?url=http://thehill.com/homenews/state-watch/342427-republicans-face-growing-demographic-shift-in-west&rct=j&q=&esrc=s&sa=U&ved=0ahUKEwijwpqiltjYAhUL4mMKHc_qAYUQqQIILCgAMAc&usg=AOvVaw1_TXs3GCtF3Xdkx3AA-yp7

It’s a deeply personal tale that points to a growing problem for Republicans: Demographic change is slowly, but inevitably, moving Western states to the left.

Graham-Cassidy insurer bailout could turn Texas blue:

http://www.google.com/url?url=http://thehill.com/opinion/healthcare/351531-graham-cassidy-insurer-bailout-could-turn-texas-blue&rct=j&q=&esrc=s&sa=U&ved=0ahUKEwi15r2TmNjYAhUG2GMKHSZ6DggQqQIIMSgAMAk&usg=AOvVaw30_Fm5Rp8--cawArremrH2

 

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