Daily Digest

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Daily Digest 4/9 - Israel's 'War Of The Cradles,' Walmart's Future Workforce

Monday, April 9, 2018, 9:51 AM

Economy

Walmart's Future Workforce: Robots and Freelancers (blackeagle)

One study, by Arindrajit Dube of the University of Massachusetts at Amherst, Jeff Jacobs and Suresh Naidu of Columbia University, and Siddharth Suri of Microsoft Research, sought to learn whether crowdsourced workers benefit from being able to choose their tasks and hours. The answer matters to a lot of workers. Flexible work arrangements, which include crowdsourcing platforms such as Uber, as well as freelancers and independent contractors, increased about 50 percent from 2005 to 2015. These jobs account for 94 percent—nearly all—of the net employment growth in the United States over that time.

Richest 1% on target to own two-thirds of all wealth by 2030 (Adam)

New polling by Opinium suggests that voters perceive a major problem with the influence exerted by the very wealthy. Asked to select a group that would have the most power in 2030, most (34%) said the super-rich, while 28% opted for national governments. In a sign of falling levels of trust, those surveyed said they feared the consequences of wealth inequality would be rising levels of corruption (41%) or the “super-rich enjoying unfair influence on government policy” (43%).

Jewish and Palestinian women wage “war of the cradles” in Israel (Uncletommy)

But the researcher also made another surprising discovery: despite a context of endemic conflict, Jewish women living in Israeli settlements in the occupied Palestinian territories have reproductive behaviour closer to that of Palestinian women than other Jewish women. Indeed, Jewish women living in the settlements tend to marry younger, in greater numbers and have more children than their counterparts in Israel despite their high level of education.

Syrian Government Accused Of Killing Dozens In Chemical Attack (TS)

Photos circulating on social media show lifeless bodies piled in basements. The Syrian Observatory for Human Rights, a monitoring agency says that at least 80 people have died, but these reports cannot be independently verified.

Syria and Russia accuse Israel of missile attack on Assad airbase (TS)

Video footage on social media in Lebanon showed aircraft or missiles flying low over the country, apparently heading east towards Syria. At least 14 people, mostly Iranians or members of Iran-backed groups, were killed, the UK-based Syrian Observatory for Human Rights monitoring group said. The Iranian Fars news agency confirmed three Iranian deaths.

BP claims an oil spill off Australia's coast would be a 'welcome boost' to local economies (Walter S.)

The company had been seeking to drill two wells off the South Australian coast, raising fears of an environmental disaster akin to BP's 2010 Deepwater Horizon oil spill in the Gulf of Mexico.

Documents obtained under Freedom of Information laws, first published by London-based website Climate Home News, showed the government authority had identified serious shortcomings with BPs environment plan.

Is The IEA Biased Towards Fossil Fuels?

In other words, while the IEA repeatedly states that governments need to transition to cleaner forms of energy, it is also pushing recommendations for oil and gas investments that would blow up any chance of achieving those goals. Oil Change International says the IEA is recommending some $11.2-$13.8 trillion in upstream oil and gas investment through 2040 in excess of what would be required to halt dangerous levels of global warming. “This excess investment should be urgently redirected into clean energy,” the report argues.

Patagonia vs. Donald Trump (tmn)

Chouinard has been known to be a prickly contrarian. He doesn't do e-mail. His cell phone goes largely untouched. But he's adept at delivering powerful sound bites. In December, Chouinard went on CNN—wearing what looked to be the same flannel shirt from the day we met—and said, “I think the only thing this administration understands is lawsuits. We're losing this planet. We have an evil government.… And I'm not going to stand back and just let evil win.”

Gold & Silver

Click to read the PM Daily Market Commentary: 4/6/18

Provided daily by the Peak Prosperity Gold & Silver Group

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5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
Chicago Pension Law Struck Down by Court

Europe's Boom Reawakens the Ghost of Crisis Past: Debt

Wall Street Journal-4 hours ago
Debt held at eurozone firms and households as a percentage of GDP, quarterly data Source: Bank for International Settlements .... In Ireland, where a burst housing bubble cratered the economy in 2011, mortgage approvals rose 23% last year, while issuance when the mortgage is taken reached levels last seen in the third ...

Venezuela's Debt Crisis Nears New Low as Riskiest Bond Comes Due

Bloomberg-1 hour ago
The Venezuelan debt crisis could be on the verge of a new milestone as a $650 million bond matures Tuesday with little hope it'll get paid. ... They don't contain any cross-default rules that would affect sovereign debt or notes from the state oil company, and the utility doesn't have any overseas assets that investors could try ...

Japanese investors dump record amount of US bonds in favor of ...

Arab News-7 hours ago
Investors are likely to continue buying euro zone debt, given that the European Central Bank is expected to wind down its huge stimulus program at a much slower pace, meaning any rise in euro hedge costs will be ... In February, Japanese investors bought ¥625 billion of French bonds and ¥291 billion of German bonds.

Chicago Pension Law Struck Down by Court

Chief Investment Officer-1 hour ago
Due to losses in the equity markets, the estimated aggregate deficit of pension plans sponsored by S&P 1500 companies was $286 billion at the end of March, a $24 billion increase from $262 billion at the end of February, Mercer reported. As a result, the estimated aggregate funding status fell 1% in March to 87%.

State Near 'Junk Bond' Status

Alton Daily News-4 hours ago
“The state's credit outlook is negative, based on our expectation of continued growth in the state's unfunded pension liabilities, the state's difficulties in implementing a balanced budget that will allow further reduction of its bill backlog, and elevated vulnerability to national economic downturns or other external factors,” a ...

 

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2831
Yummy

ezlxq1949's picture
ezlxq1949
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Joined: Apr 29 2009
Posts: 217
Capitalism and good ol' human nature

Going through some old documents yesterday I discovered some notes I made about a 2-hour docco entitled "A History of Socialism" which went to air here in 2005. It was produced by the American Enterprise Institute. (Bush the Younger hired 20 of its brightest to write material for his administration. Draw your own conclusions about its ideological and political orientation.)

However, at the very end it provided a succinct summary which strikes me as being very true:

  1. All types of socialism fail because they are normative, i.e. they try to reform human nature. Indeed, they rely on it.
  2. Western-style capitalism succeeds because it is a product of, in tune with, and doesn't try to reform, human nature.

Both these statements are too sweeping but still useful for analysis.

So when we learn of the many ways in which, for example, the food chain is poisoned as an almost inevitable outworking of the capitalist system, we can nod sagely and reflect that, yes, no wonder The System lets us down, because The System is built upon a faulty foundation. Our urban policies are wrong, our rural policies are wrong, and our wilderness policies are wrong.

Capitalism succeeds because it fails everywhere else. We need a better way.

Broadspectrum's picture
Broadspectrum
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Joined: Mar 14 2009
Posts: 90
There Is A Better Way

Ia Orana ezlxq1949,

Hey, there is a better way...

But no matter what I or anyone else says to you about a better way, a person has to be willing to change their own mind in order to get to the better way...it's not about everyone else, it is about each one of us changing our minds...but to what...???

Broadspectrum

 

Broadspectrum's picture
Broadspectrum
Status: Bronze Member (Offline)
Joined: Mar 14 2009
Posts: 90
There Is A Better Way

Ia Orana ezlxq1949,

Hey, there is a better way...

But no matter what I or anyone else says to you about a better way, a person has to be willing to change their own mind in order to get to the better way...it's not about everyone else, it is about each one of us changing our minds...but to what...???

Broadspectrum

 

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