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Daily Digest 5/8 - U.S. Housing Crisis Spreading To Smaller Cities, The One Nation Returning To Coal

Tuesday, May 8, 2018, 10:44 AM

Economy

America’s Housing Crisis Is Spreading To Smaller Cities (Jason W.)

Small cities are starting to face the same challenges as larger ones. Renting a two-bedroom apartment in Jacksonville, Florida, requires earning at least $18.63 per hour ― $10.53 more than the state minimum wage. In Tacoma, Washington (pop. 211,000), a property management company is evicting low-income residents so it can flip their building into luxury units. Boise, where downtown condos are going for $400,000, was the seventh most unequal city in America in 2016, a jump from 79th place just five years earlier.

CRISPR: The gene-editing tool revolutionizing biomedical research (Sparky1)

For the last seven years, Zhang has been working on CRISPR at the Broad Institute in Cambridge, Massachusetts. It's a research mecca brimming with some of the brightest scientific minds from Harvard and MIT on a mission to fight disease. CRISPR is making medical research faster, cheaper, easier. Zhang's colleagues predict it will help them tackle diseases like cancer and Alzheimer's.

Goldman Sachs asks in biotech research report: 'Is curing patients a sustainable business model?' (Sparky1)

Richter cited Gilead Sciences' treatments for hepatitis C, which achieved cure rates of more than 90 percent. The company's U.S. sales for these hepatitis C treatments peaked at $12.5 billion in 2015, but have been falling ever since. Goldman estimates the U.S. sales for these treatments will be less than $4 billion this year, according to a table in the report.

April was best month in history for U.S. budget, according to CBO figures (Adam)

“Those payments were mostly related to economic activity in 2017 and may reflect stronger-than-expected income growth in that year,” the analysts said in their monthly budget review. “Part of the strength in receipts also may reflect larger-than-anticipated payments for economic activity in 2018. The reasons for the added revenues will be better understood as more detailed information becomes available later this year.”

Purchasing Power – In Silver (GE Christenson)

The St. Louis Federal Reserve reports average hourly wages. Average wages rise, but less rapidly than debt, government expenditures, the S&P 500 Index, and currency in circulation (M3). This benefits the political and financial elite and hurts the middle and poorer classes. However, the middle class and poorer class don’t own congresspersons or lobbyists, so this imbalance toward paper financial assets is not surprising.

The One Nation Returning To Coal (Michael S.)

One major reason for the stark turnaround in policy is the 2011 meltdown at the Fukushima Daiichi Nuclear Power Station. The tragedy provided a huge blow to the Japanese public’s support for nuclear energy. After the Fukushima disaster, all 54 of Japan’s nuclear reactors were shut down as they awaited new rigorous safety standards. To date, just seven of the 54 have reopened for business. In order to fulfill demand, the nation has turned to natural gas and, more surprisingly, coal.

In Cities, Wildlife Evolves Astonishingly Fast (thc0655)

This new species, culex pipiens molestus, is different. It feeds on human blood, mates one on one, and the female doesn’t require a blood meal before it lays eggs, as an aboveground mosquito does. On top of that is the fact that it has recently evolved: Because the mosquitoes are confined to separate subway lines, they don’t mix and so have specific genes, which may be an adaptation to conditions in that particular subway line. The only way they would become a unified species is if they all changed trains at Oxford Circus. [laughs]

Every Google search results in CO2 emissions. This real-time data viz shows how much (blackeagle)

CO2GLE uses 2015 internet traffic data, Moll says, and is based on the assumption that Google.com “processes an approximate average of 47,000 requests every second, which represents an estimated amount of 500 kg of CO2 emissions per second.” That would be about 0.01 kg per request. She says these numbers are approximations, though when Quartz shared CO2GLE with Google, the company didn’t contest the math. In fact, in a 2009 estimate, Google said each query causes 0.2 grams of CO2 emissions.

Insect farms gear up to feed soaring global protein demand (Uncletommy)

The fact that such global food production giants are turning to insects illustrates the lengths they will go to find alternative sources of protein that are profitable and sustainable as animal feed or additives to human food. Bugs are just one many alternatives being studied or developed by major agricultural firms. Others include peas, canola, algae and bacterial proteins.

Hawaiians brave volcanic gases, lava to retrieve pets, belongings (Adam)

Kilauea, which began exploding on Thursday with fountains and rivers of lava flowing into neighborhoods, has opened 10 volcanic vents since then, officials said. Lava was not flowing from any of the vents on Monday.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/8/18

Provided daily by the Peak Prosperity Gold & Silver Group

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4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4145
13,779 reasons to own some gold

2 Year Gold Prices in Venezuelan Bolivars (price per ounce)

2 Year Gold Price Chart in Venezuelan Bolivars (VEF)

 

Venezuela inflation hits 13779 percent, parliament says

Hurriyet Daily News-6 hours ago
Venezuela's dizzying inflation rose 13,779 percent in the past year, a study released on May 7 by the opposition-dominated National Assembly has found. The figure confirmed other estimates showing that Venezuela has by far the world's highest inflation rate. The South American country is in partial default on its debt and ...
Venezuela inflation hits 13779%: lawmakers
The Business Times-20 hours ago

2 Year Silver Prices in Venezuelan Bolivars (price per ounce)

sand_puppy's picture
sand_puppy
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Posts: 1888
Do Psychopaths Rule the World?

From an article posted at The Saker by Laurent Guyenot.

(Trigger warning:  this article is critical of Israeli--Likud--foreign policy)

There is a lot of talk these days about the psychopaths ruling the world. A study among high executives of large companies, published under the title Snakes in Suits, shows that psychopathic traits are widespread among them.[1]This naturally reflects into collective forms of psychopathy: in The Corporation: The Pathological Pursuit of Profit and Power, Joel Bakan noted that “corporate behavior is very similar to that of a psychopath.”

Some states also behave like psychopaths among nations. The USA is such a state, with a “pathology of power” (the title of Norman Cousins’s 1987 book) probably related to the degree of psychopathy of the men in charge. Behind the mask of sanity and morality displayed by the US on the world’s stage, there is a “deep state” moved by an insatiable thirst for power and uninhibited by any moral conscience or empathy; this pathological deep state is today in almost complete control of US foreign policy.

Israel is another psychopathic state. The relationship between the US and Israel is a peculiar one, and there are differing opinions regarding its nature. Who, of the two, is the driving force? Have US moles infiltrated and hijacked Israel’s foreign policy, or the opposite? I consider that the issue has been settled by Professors Mearsheimer and Walt in their 2008 book The Israel Lobby and U.S. Foreign Policy (and before that by Pat Buchanan in his 2003 article “Whose War?”[3]): it is Israel who has drawn the United States into wars which were not in their strategic interest, and which, in fact, jeopardize US national security. It was true about Iraq, and it is true about Syria. The Neocons, the overwhelmingly dominant force in the US deep state since 2001, are crypto-Zionists. America is not controlling Israel’s foreign and colonial policy; it has failed to do so whenever it tried, and it has now stopped trying. Instead, as Ariel Sharon famously said one month after 9/11: “We, the Jews, control America, and the Americans know it.”[4] The very fact that this outrageous statement was quickly buried makes its point self-evident: for, as Gilad Atzmon has also famously said, “Jewish power is the ability to get non-Jews to stop talking about Jewish power.

Israel’s control of the American people’s mind and heart, based on near total control of the mainstream media alongside large-scale psychological operations such as September 11, is truly bewildering (those who doubt that Israel masterminded 9/11 with its network of super-sayanim should read my article “Inside Job or Mossad Job?”)[5]

Given the US withdrawal from the Iranian Nuclear Treaty, the influence of the Likud-Israeli's is again, very pertinent.

 

sand_puppy's picture
sand_puppy
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The transgenerational complex: Persecution--Domination

I have read and re-read several times the Guyenot essay at The Saker posted above.  I believe that he explains well one of the most basic core psychological process creating the Neoconservative chaos we are seeing.  From Guyenot:

The transgenerational Complex of Persecution-Domination

What is Jewishness? Most Jews would agree with Jewish ethnohistorian Raphael Patai (The Jewish Mind, 1977), that it is, before anything else, “consciousness of belonging.”[14] This amounts to saying that Jewishness is a tribalistic way of thinking. Now, tribalism is not pathological in itself.... 

... Yoav Shamir’s excellent film Defamation (2009). “People think that the Shoah [Holocaust] is over but it’s not. It is continuing all the time,” proclaimed Benzion Netanyahu, father of the Israeli Prime minister, before his son’s election in 2009.[18] Victimization has become the essence of Israeli national identity, according to Idith Zertal, professor at the Hebrew University in Jerusalem. Israel has been transformed:

 

“into an ahistorical and apolitical twilight zone, where Auschwitz is not a past event but a threatening present and a constant option. By means of Auschwitz—which has become over the years Israel’s main reference in its relations with a world defined repeatedly as anti-Semitic and forever hostile—Israel rendered itself immune to criticism, and impervious to a rational dialogue with the world around her.”[19]

 

Dominate, for fear of being exterminated. And dominate ever more in order to safeguard oneself from the resentment aroused by one’s domination. Such is the psychopathic vicious circle in which Jews are entangled by the communitarian paranoia. The only choice they are offered by their cognitive elite is: Jerusalem as capital of the world, or back to Holocaust. A 2013 Pew Research poll showed that, to the question “What’s essential to being Jewish?” “Remembering the Holocaust” comes first for 73 percent of respondents. Next comes “Caring about Israel.”[20]

Michael Walzer remembers:  “I was taught Jewish history as a long tale of exile and persecution—Holocaust history read backwards.”[21] Persecution is so essential to the Jewish identity ..... An obsessional fear of anti-Semitism must be maintained in the minds of the Jews, for it is the glue that holds the community together, the only thing capable of resisting the dissolving effect of assimilation.

In Spiral Dynamics vocabulary:  A persecution fixation holds BLUE Meme Jewish people in BLUE thought patterns.

Yosef Hayim Yerushalmi has shown in Zakhor: Jewish History and Jewish Memory (1982) that the command to “remember," ... “the trauma of the Holocaust is transmitted genetically” by “epigenetic heredity,” according to a team of researchers led by Rachel Yehuda at Mount Sinai Hospital in New York.[24] ....  Such considerations help us understand the psychological tensions that seize every Jew who struggles to break away from Jewishness; no community cultivates a more powerful sense of ancestral loyalty....

The Holocaust paradigm, which today sustains Jewish identity, is built around an unshakable sense of innocence and self-righteousness..... In their own eyes, the Jews have no responsibility for the hostility of the Gentiles toward them. They are constantly reminded of this innocence by their representative elite.[28] Though to be sure, there are exceptions...

Nuclear warheads and Iran

Psychological projection, or blame shifting, is a process by which one denies one’s own negative impulses while attributing them to others. We are all prone to do it in times of personal crisis. .... But Israel, a country with hundreds of nuclear warheads pointed at Iran, whose leaders have always denied having any nuclear arsenal at all, while histrionically urging the world to do something about Iran’s supposed nuclear military program.

Fortunately, some Israeli's are worried about the path their nation is taking acting out this Persecution--Domination Complex.

Today, some lucid Israelis are worried about their country’s plunge into collective pathology. Yehoshafat Harkabi, deputy director of military intelligence, wrote in 2009:

“Dazzled by its self-righteousness, Israel cannot see the case of the other side. Self-righteousness encourages nations no less than individuals to absolve themselves of every failing and shake off the guilt of every mishap. When everyone is guilty except them, the very possibility of self-criticism and self-improvement vanishes…”[31]

 

Matt Holbert's picture
Matt Holbert
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Joined: Oct 3 2008
Posts: 119
I think that you can get a sense...

of this pathology by reading the fiction books of Daniel Silva. Silva's protagonist in most of his books is "Israeli secret agent Gabriel Allon." I have found that the novels allow one to get inside the head of someone who is likely a Zionist. It should be noted that Silva converted from Catholicism to Judaism after his marriage to Jamie Gangel, a CNN special correspondent.

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