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Daily Digest 5/24 - Bosnia Then and Now, Are We On The Verge Of A Civil War?

Thursday, May 24, 2018, 10:29 AM

Economy

Are We on the Verge of Another Civil War? (Thomas R.)

I did not intend to write a handbook for our times, but as someone attuned to the long history of civil war I cannot but be alarmed by the contemporary dissolution of the boundaries between politics and civil contention or even civil war that we’re seeing around the world.

Is Oil About To Become Front-Page News? “A Glut That Held Prices Down For Years Is Essentially Gone” (yogmonster)

Higher oil prices are starting to boost inflation and some worry that they will rein in the pace of economic growth, cutting into disposable income. U.S. gasoline prices have climbed to $2.92 a gallon on average, and are already more than $3 in several states. Companies like Walmart Inc. have warned that higher fuel prices are starting to threaten margins.

Are Investors Finally Waking Up To The Opportunity In The Gold Market? (yogmonster)

In past weeks I've written about Turkey and Hungary repatriating their gold, and how fund managers like Jeffrey Gundlach have also been investing in gold. Anecdotally I have heard of other money managers who are doing the same. And given the often copycat-like mentality that exists on Wall Street, you would think that others are noticing what's going on, which could lead to additional interest.

7 skills your child needs to survive the changing world of work (Thomas R.)

Given the interconnected nature of the business world, leadership skills and the ability to influence and work together as a team has become increasingly important. And the key to becoming an effective leader? It's twofold, says Wagner, involving "creative problem-solving and a clear ethical framework".

After the War: Bosnia Then and Now (Thomas R.)

Snipers, rockets and mortars rained down on Sarajevo for 44 months. Thousands died, including many children. Fighting, massacres and atrocities took place around Bosnia by Serb and Croat militia. Estimates suggest anywhere between 90,000 and 300,000 Bosnians died. Many more were injured, permanently displaced or suffered psychiatric problems and post-traumatic stress disorder. The psychological wounds will never heal for some.

The Modern Day Nincompoop—Money Magazine’s Advice on How to Survive a Stock Market Crash (Diane C.)

Come on, this is advice from what my Grandma would call a nincompoop. Your portfolio is virtually guaranteed to lose money in the next crash if you follow their recommendations. I wanted to scream one of Will Ferrell’s best lines of all-time: “Doesn’t anybody else notice this—I feel like I’m taking crazy pills!”

Trump's lying seems to be getting worse. Psychology suggests there's a reason why. (drbost)

Research we conducted at University College London with our colleagues Dan Ariely and Stephanie Lazzaro, which was published in 2016 in the journal Nature Neuroscience, showed that the intensity of the emotional response people experience when they act dishonestly is reduced every time they lie. And this reduction (which scientists call emotional adaptation) makes them likely to lie more over time.

BREAKING: Santa Fe High School Killer Wore ANTIFA and Columbine Hammer-and-Sickle Pin (Thomas R.)

TGP contributor Cassandra Fairbanks noted that the killer’s pin was also worn at Columbine.

MEGATRUTH —   How Thomas S. Kuhn Was Right and Michel Foucault Was Wrong (Jesper A.)

In this work which I will cite in the afterword the idea of para-history is invented by Grant, a history especially seen in the histories of Rome. The MEGA if you ask me, the paradigm of Kuhn, the thoughts of an age. It is a bubble! If it quacks like a bubble, and walks like a bubble, it is a bubble!

Suspects in killing of Baltimore County police officer arrested, eyed in burglaries in area (Thomas R.)

One of the teenagers involved in the killing was identified by authorities as Dawnta Anthony Harris from Baltimore, who admitted in court documents obtained by FOX45 that he "drove at the officer" when she told him to get out of the vehicle while three others burglarized a house.

Speculation On Hyperinflation (GE Christenson)

U. S. government expenses are “out-of-control,” much larger than revenues and increasing about 4.6% per year even though interest rates are low.

As rates rise the government spends more for annual interest payments, which increases the deficit and accelerates the debt problem.

Humans just 0.01% of all life but have destroyed 83% of wild mammals – study (blackeagle)

“I was shocked to find there wasn’t already a comprehensive, holistic estimate of all the different components of biomass,” said Prof Ron Milo, at the Weizmann Institute of Science in Israel, who led the work, published in the Proceedings of the National Academy of Sciences.

Kilauea's Wrath Threatens Power Plant — And Hawaii's Most Powerful Industry (Thomas R.)

"County, state, and federal partners have been collaborating closely to monitor the situation and work with PGV to ensure the safety of the surrounding communities," the civil defense agency said in its alert. "Ten of the eleven wells have been quenched. Efforts are ongoing to make sure the site is secure and the community is kept safe."

The Bayer-Monsanto Merger: Empowering a Life-Destroying Cartel (yogmonster)

This merger has implications not only for what goes on our dinner plate. There are questions of economic and political control that need to be addressed. Critics argue that the power of these economic giants is such that they have ‘captured’ regulatory agencies. Limitless financial resources permit these and similar companies to buy off academics, media and politicians.

Editorial: In the weeds (Uncletommy)

Hugh Beckie, a research scientist with Agriculture and Agri-Food Canada in Saskatoon, says Canada ranks No. 3 globally in weed resistance, behind only the U.S. and France. It’s a pan-Canadian problem too, he says, noting Western and Eastern Canada have roughly the same number of resistant weeds.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/23/18

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4145
Health Care Costs for Typical American Family Hit Record High

Health Care Costs for Typical American Family Hit Record High

The Fiscal Times-17 hours ago
The annual cost of health care for a typical American family – two parents and two children covered by an employer-sponsored preferred provider organization ...

How BOJ Crushed Trading in Japan's $10 Trillion Bond Market

Bloomberg-17 hours ago
Ten-year bond number 350 was born on March 1, created to refinance a small sliver of the 1.1 quadrillion odd yen ($10 trillion) worth of Japanese public debt.

Getting Rich on Government-Backed Mortgages

Bloomberg-5 hours ago
Monthly debt payments now eat up half his take-home pay. ... players today than during the last mortgage bubble, according to a Brookings Institution report.

South Korea Household Debt Reaches $1.36 Trillion

Financial Tribune-19 hours ago

The first quarter figure marks the largest since the central bank began compiling related data in the fourth quarter in 2002. The increase rate of household credit ..

 

blackeagle's picture
blackeagle
Status: Silver Member (Offline)
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Posts: 223
Humans just 0.01% of all life but have destroyed 83% of ......

We are the smartest and also the dumbest creatures on this planet.

Quite an achievement to get both awards...

thc0655's picture
thc0655
Status: Diamond Member (Offline)
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Posts: 1613
Are these the people we're hoping will care about the Three E's?

https://www.dailywire.com/news/31037/must-read-viral-post-veteran-teacher-changes-gun-amanda-prestigiacomo

Amid the heated discussion about school safety consuming the nation, a veteran teacher from Rome, Georgia, redirected the conversation from gun control to parenting in a moving viral post.

Amie DiPrima Brown detailed the quantifiable changes she's personally witnessed in parents' level of engagement with their children's academic life throughout her 15-year career in the classroom. Parents are becoming increasingly disengaged and are offering little help to teachers who might be able to help identify potentially problematic students. Without such identification, students cannot get the help they need and their classmates might be consequently victimized...

"Every year for 15 years I have sent home the same assignment on the first day of school. I send a letter home asking parents to tell me about their child in a million words or less. I go on to explain that I want to learn the child’s hopes, dreams, fears, challenges," writes Brown. "These letters have been so beneficial to me as a teacher and getting to know my students on a personal level. I have learned about eating disorders, seizures, jealousy issues between twins, depression, adoption, abuse...just to name a few things. These letters give me a huge head start on getting to truly know my students. I often pull them out when a child has a sudden change in behavior or issue that comes up."

Brown says the number of parents participating in the helpful assignment has gone from roughly 98% of parents to just 22% since her start in the classroom. She's noticed a similar drop in students completely simple homework assignments, which she also linked to disengaged parents.

As I was putting the folders back in the file cabinet I noticed something. I know that the percentage of parents that complete this assignment each year has gotten lower and lower, but looking at the size of the folders shocked me. That first year I had 98% of the parents send back some type of letter on their child. This year... 22%. That’s a lot of opportunities lost for me to get to know students. Sadly, more parents have access to an electronic device that makes this task even easier and less time consuming.

On another note, this year’s average for homework turned in is riding at 67%. I’m talking a twice monthly 5 sentence summary of what the student is reading in their own time. I remind students daily, I send text messages through Remind, it’s on my website. The only other thing I could do is do it for them. Parents continue to let their child rack up zero after zero. But then again, that average used to be around 98% as well. It was rare for more than 1-2 students to not have their homework 15 years ago. Now, it’s just frustrating.

 

sand_puppy's picture
sand_puppy
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Posts: 1884
One ER docs report of his burnout and how it happened

I found a very well done essay by an emergency physician giving his understanding of how his medical specialty was captured by the rise of chronic disease states and the corporate mindset and how the human aspects of medicine where crushed by this process.

What Lies Behind the Waiting Room Door

....

But before we get to this sickness within our medical providers, I would like to describe the context within which we work, this so-called “healthcare system.” “Healthcare system” is a phrase that I find difficult to write, because it is an inaccurate representation of that which it intends to describe. If we take the word “healthcare” to mean the mishmash of hospitals, doctors, insurance companies, and vendors that profit from our physical and mental maladies, then perhaps we would be more accurate calling it “sickness-billing.” It is truly “sickness” that we try to solve in our current model, not “health,” and “billing” with which we spend the better portion of our time, not “care.” And if we take the word “system” to mean an organized set of things working together for a common goal, and if one has ever spent a day in a hospital, then one recognizes that the word “ataxia” better communicates the real truth of the experience. “Ataxia” literally means “without coordination” and is a medical term we use to communicate when a person can not move their body in a coordinated way. But “ataxia” is too foreign for a lay audience, so I’ll use the term “industrial complex”, with patients as our industry’s widgets.

The “sickness-billing-industrial-complex” (“SBIC”) — our healthcare system’s true identity — is an uncoordinated amalgam of special interests profiting from a series of unintended consequences of poorly designed policies. 

 

Mots's picture
Mots
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Joined: Jun 18 2012
Posts: 196
One ER docs report of his burnout..........

Sand man, thanks much for this link.
The referred to article is very insightful (everyone should read) and includes these observations:

" Medicare (to whom most insurance companies look for guidance), created a growing number of obstacles to reimbursing doctors and hospitals, and all payers followed suit. These obstacles started as documentation-focused rules, requiring doctors to document a certain number of data points for each medical visit, otherwise reducing reimbursement. ...Medicare created a game and the doctors learned how to play it, to the detriment of patients. Medicare, having seen its attempt at creating barriers foiled, created yet more barriers (Core Measures)....After doctors and hospitals mastered the Core Measure game, Medicare created yet more games, represented by a seemingly never-ending litany of acronyms that read like a Sesame Street song, “PQRS,” “MIPS,” and “MACRA.” ...we have doctors being coerced to spend a majority of their time figuring out how to play documentation games instead of engaging patients in real health-oriented change...."

These observations are significant because Medicare is a single payer system and which is the best hope for the future.   At some point Medicare will morph into the single payer system that most people are pining for.  But it seems that further Federal government control will only make things even worse. 

Unless one is very rich (a member of the elite who own America and are lords in the developing neofeudal society) the only hope is to create/find and live in a self-organized, resilient community.  Out here in the country us farmers and hands on folk are seen as too poor and stupid for the bankers and neofeudal lords to mess with.  Every such community needs to find, nurture and reward an experienced professional such as a well experienced nurse or doctor to handle the majority of medical issues at the local level out of reach of the lords and their MBA trained minions.

TAKE BACK THE POWER

Mots

Tude's picture
Tude
Status: Bronze Member (Offline)
Joined: Apr 1 2017
Posts: 25
Mots wrote: Unless one is
Mots wrote:

Unless one is very rich (a member of the elite who own America and are lords in the developing neofeudal society) the only hope is to create/find and live in a self-organized, resilient community.  Out here in the country us farmers and hands on folk are seen as too poor and stupid for the bankers and neofeudal lords to mess with.  Every such community needs to find, nurture and reward an experienced professional such as a well experienced nurse or doctor to handle the majority of medical issues at the local level out of reach of the lords and their MBA trained minions.

TAKE BACK THE POWER

Mots

I agree. My biggest regret is not going to vet school (like I wanted) or nursing school (which I never considered). Mainly this is because I want to get out of this place (SF Area) and most of the jobs I find in small towns are in the medical field, I hear nurses are particularly needed. I am in IT and now realize it's useless and killing the planet. Everyone tells young people to enter technology and all I can do is scream NO!, it's a horrible industry. My advice is learn a real skill and get out of the big metro area ASAP.

 

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 569

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