Daily Digest

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Daily Digest 1/19 - Good News Friday: The Rockefellers vs. Big Oil, Clean Energy Investments Near All-Time High

Friday, January 19, 2018, 11:40 AM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

Peeved by price gouging and shortages, hospitals will now make their own drugs (tmn)

The news—and furor—follows years of headlines, scandals, and congressional hearings over certain drug companies dramatically raising the prices of generic drugs and creating frustrating shortages. The most notable example is that of Martin Shkreli’s company Turing Pharmaceuticals, which dramatically raised the price of the old, cheap generic drug Daraprim by more than 5,000 percent—from $13.50 to $750 a pill. Daraprim is used to treat a parasitic infection and often given to babies and HIV/AIDS patients.

DACA Recipients Can Apply For Renewal, Government Says (sv)

The statement from USCIS says people who have already been granted deportation deferral under DACA can request renewal, but the agency will not accept new requests from people who have never received deferred action before. If someone's DACA expired on or after Sept. 5, 2016, that person may file a renewal request, the agency says; people who received DACA that expired before then can file a new DACA request.

Phil Murphy signs executive order on equal pay for women (sv)

The governor signed the order at a public event shortly after he was sworn into office.

"We don't have to wait to make our economy stronger and fairer, to attack income inequality, and to protect and grow our middle class," Murphy said in his inaugural address.

Baltimore Judge Tosses Alford Plea, Rebuking Prosecutor (sv)

Judge Barry Williams said wiping the shooting conviction from Smith’s record was “in the interest of justice,” adding “there’s too much going on to leave it as is.”

Smith rejoiced that after a nine-year odyssey through the justice system, he had finally cleared his name. The conviction, he said, “shouldn’t be on my record, because I’m innocent. Period.”

More than half of Norway's new car sales now electric or hybrid, figures show (jdargis)

In 2017 the rightwing government tried to remove one of the tax exemptions on large and luxurious electric sedans in what was dubbed the “Tesla tax”, but was later forced to pull back due to opposition from its centre-right allies.

The Norwegian Electric Vehicle Association welcomed the new statistics while calling for a continued state incentive: “The goal of 2025 is ambitious,” said its secretary general, Christina Bu.

The Rockefellers vs. the Company That Made Them Rockefellers (jdargis)

America’s business titans have a tradition of turning, late in life, to charity. Andrew Carnegie gave away nearly 90 percent of his fortune, and Henry Ford left much of his to an eponymous foundation, which now has an endowment of $12 billion. But it is rare for an American dynasty to confront the source of its wealth. The Sacklers, for instance, recently passed the Rockefellers on the Forbes list of the country’s wealthiest families, thanks to profits from OxyContin, now one of America’s most abused drugs. They have donated many millions of dollars to museums, universities, and other institutions but have given next to nothing to combating the opioid epidemic.

Global Clean Energy Investments Near All-Time High (Michael K.)

China’s total investment in renewables and smart energy jumped 24 percent to a new record of $132.6 billion last year. The second-largest country investment came from the United States at $56.9 billion, up 1 percent annually “despite the less friendly tone towards renewables adopted by the Trump administration”, BNEF said.

Belize bans oil activity to protect its barrier reef (sv)

“The decision is hugely significant,” said Chris Gee, of charity WWF-UK, which was part of an international campaign. “It indicates that Belize, a developing country, is prepared to put its people and environment first.”

Gold & Silver

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

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."

1 Comment

Poet's picture
Poet
Status: Diamond Member (Offline)
Joined: Jan 21 2009
Posts: 1891
Cape Town, on verge of running out of water, braces for "chaos"

Cape Town, on verge of running out of water, braces for "chaos" (January 19, 2018)
"Cape Town's four million residents are now only allowed 23 gallons of water per person per day.  Next month that goes down to 13 gallons. Compare that to the average American who uses around 100 gallons daily."
https://www.cbsnews.com/news/cape-town-drought-water-shortage-south-africa/

Poet

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