Daily Digest

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Daily Digest 4/24 - Chinese Cars Going Global, Russia Bets Big On Arctic Oil

Tuesday, April 24, 2018, 10:29 AM

Economy

The Hardest Job In The World (tmn)

To his critics, Trump’s detours from the expectations of his office prove he is unfit to inhabit it. Or they demonstrate his hypocrisy: The man who now ignores the traditional responsibilities of the job was once perhaps the nation’s foremost presidential scold, regularly criticizing his predecessors when they responded to a disaster inadequately or played too much golf or couldn’t make a deal. Trump even suggested that Barack Obama’s manner of descending the stairs of Air Force One was unpresidential.

Frustrated by the Dormant Silver Price? Don’t Be, Says History, the Upsurge Is Coming (Diane C.)

In the 1992-1996 and 2008-2011 markets, silver did advance with gold and even jumped ahead of it fairly early in the trend, but in the other three bull markets it lagged until later. So we have historical precedents for silver’s current price behavior—remaining flat while gold creeps higher. In other words, what we’re experiencing now has happened before.

The Rich Are Betting On Living to 100 (tmn)

In the U.S., for example, the richest 1 percent of American women by income live more than 10 years longer than the poorest 1 percent, a 2016 study in the Journal of the American Medical Association found. For men, the gap between the richest and poorest Americans is almost 15 years.

China’s Car Revolution Is Going Global (jdargis)

He’s not alone: At least four Chinese carmakers and three Chinese-owned startups—SF Motors Inc., NIO and Byton—plan to sell cars in the U.S. starting next year. At the same time, Warren Buffett-backed BYD Co. is building electric buses in California; Baidu Inc. is partnering with Microsoft Corp., TomTom NV and Nvidia Corp. on a self-driving platform; and Beijing-based TuSimple Inc. is testing autonomous-driving big rigs in Arizona.

Russia Bets Big On Arctic Oil (Michael S.)

Arctic drilling was one of the top targets of U.S. sanctions that banned U.S. oil companies—and their European peers—from sharing technological know-how with Russian producers. This may have slowed down the progress of Gazprom Neft and others in the Arctic, but it did not put an end to it. Not that it could: Russia’s energy industry has been working on Arctic exploration for much longer than the four years since the annexation of Crimea, which became the grounds for the sanctions.

Interest in science, not ability, builds trust in climate science (jdargis)

Interest in science was tracked continuously in follow-up surveys through the years, allowing Motta to estimate the impact of this interest in trust on climate-science organizations. Cumulatively, it was quite large, accounting for nearly a 15-percent increase in trust. And, depending on the organization, about a third to a half of that trust arises because of the persistent influence of the interest in science expressed by people in their early teens.

Chronic Wasting Disease: Real Risk or Irrational Hype? (tmn)

Even though chronic wasting disease hasn’t been shown to be a risk to human health, its similarity to other prion diseases that are — including “mad cow disease” and Creutzfeldt-Jakob disease, which has symptoms resembling Alzheimer’s disease — has been cause for concern for years. News last summer about an ongoing Canadian study in which two macaque monkeys contracted the disease after eating meat from a CWD-infected deer — the first time an animal so closely related to humans developed CWD — only exacerbated the worries.

Trump’s Wall Would Devastate Big Bend National Park (jdargis)

There is also the matter of efficacy. The wall would probably delay a hypothetical crossing by a few minutes, depending on its design and the manner of the breach. There are videos of Mexicans deploying ladders, ramps, ropes, welding torches, and tunnels to get over, through, or under border fences. (There are about seven hundred miles of fence already, most of it in California and Arizona.) For a great deal of its length, the river is insulated on both sides by hundreds of miles of desert—inhospitable terrain that does more to discourage smugglers and migrants than a wall ever could.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/23/18

Provided daily by the Peak Prosperity Gold & Silver Group

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