Daily Digest

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Daily Digest 5/26 - The Calm Before The Storm, Parents Reconsider Mass Schooling

Saturday, May 26, 2018, 10:47 AM

Economy

Amazon Echo secretly recorded a family's conversation and sent it to a random person on their contact list (Thomas R.)

The incident raises privacy concerns of voice-assistant devices, like the Echo, as they gain more popularity. These devices are typically placed in living rooms and kitchens, and are capable of listening to private conversations, although Amazon claims that they are only supposed to be activated when the "Alexa" command word is triggered.

GLOBAL FINANCIAL BREAKDOWN CONTINUES: Economic Growth Chokes On Massive Debt Increases (yogmonster)

There is no mention of what to do with energy in the economist’s playbook. For the typical economist, energy is always going to be there and if there are any future problems with supply, then, of course, the price will solve that issue. Due to the fundamental flaw of excluding energy in College economic courses; the entire profession is a complete farce.

The Best Explanation for Our Spate of Mass Shootings Is the Least Comforting (hail)

Writing in 2015, Malcolm Gladwell wrote what I think is still the best explanation for modern American mass shootings, and it’s easily the least comforting. At the risk of oversimplifying a complex argument, essentially he argues that each mass shooting lowers the threshold for the next. He argues, we are in the midst of a slow-motion “riot” of mass shootings, with the Columbine shooting in many ways the key triggering event.

In The Wake Of Mass-Shootings, Parents Reconsider Mass-Schooling (yogmonster)

For young children ages six to eight, schooling increased from an average of five hours a day in 1981-82 to an average of seven hours a day in 2002-03. And for today’s teens, schooling consumes much more of their time than it did for previous generations, seeping into summertime and other historically school-free periods. According to data from the U.S. Bureau of Labor Statistics, 42 percent of teens were enrolled in school during July 2016, compared to only 10 percent enrolled in July 1985.

40% of Americans can't cover a $400 emergency expense (Thomas R.)

"This year's survey finds that rising levels of employment are translating into improved financial conditions for many but not all Americans," Federal Reserve Board Governor Lael Brainard said in a press release, "with one-third now reporting they are living comfortably and another 40% reporting they are doing okay financially." E

As Thoothukudi simmers, TN asks internet providers to cut data services in 3 districts (Veronica H.)

The directive orders telecom players to temporarily suspend ‘any data related message or class of message to or from any person or class of persons or relating to any particular subject brought for transmission by or transmitted or received by any telegraph within the ambit of the Indian telegraph act 1885 and newly formed rule Temporary Suspension of Telecom Services (Public Emergency or Public Safety) Rules, 2017, shall temporarily not be transmitted in the interest of maintaining public order and preventing incitement to the commission or any offense passing through the internet’.

'Despicable, slanderous and FALSE': Bodycam video reveals woman lied about being raped by cop who pulled her over for DUI - and even her LAWYER now apologizes for 'any trouble these claims may have caused' (Thomas R.)

'The body camera footage released directly conflicts with the accounts reported to my office,' he wrote. 'There is no readily apparent evidence of tampering with the footage.'

More Police State Surveillance: Courtesy Of The Pentagon (Thomas R.)

Anything outside of that basic, predictable “matrix” can be listed as an anomaly to increase your risk-score. This out of the Pentagon, mind you: the embodiment of the Military Industrial Complex warned about by Eisenhower (who ironically played a big part in its creation). It is not unpredictable: the militarization of the police departments, the sprouting of the fusion centers (with PO box addresses and not physical addresses, mind you), the “green light” from the FCC or a blind eye toward “Oath” (the company that gobbled up Yahoo, and forces you to allow it to read your e-mails and access your bank accounts), and other giants such as Google.

Book Review: In The Shadows Of The American Century By Alfred W. McCoy (James W.)

Whilst a military clash is a likely future trigger for the end of the American empire, AWM also discusses how accelerating climate change will devastate US coastal cities, cause mega-droughts in the south-west and mid-west and lead to mass migrations from a disintegrating central Americas by the 2040’s. The multi-trillion costs of repairing and mitigating the chaos caused will inevitably lead to a pull back from military commitments overseas.

Time to Take Some Profit on Defense Stocks (Thomas R.)

Assuming that desired $54 billion increase in defense spending remains in the final Congressional budget and then dividing it up among the major players in the defense industry is not realistic, but it seems to be basically the calculation that the market has done to arrive at current valuations.

How Russia And China Gained A Strategic Advantage In Hypersonic Technology (Thomas R.)

This strategic decision obliged the US military-industrial complex to slow down advanced research and to concentrate more on large-scale sales of new versions of aircraft, tanks, submarines and ships. With exorbitant costs and projects lasting up to two decades, this led to systems that were already outdated by the time they rolled off the production lines. All these problems had little visibility until 2014, when the concept of great-power competition returned with a vengeance, and with it the need for the US to compare its level of firepower with that of its peer competitors.

The Calm Before The Storm (Thomas R.)

Peter Schiff Keynote. Cambridge House International Inc. International Mining Investment Conference, Vancouver, B.C. May 15th 2018.

The Skripal Case Is Being Pushed Down the Memory Hole with Libya and Aleppo (yogmonster)

Two months after his earth-shattering assassination, as the world stared spellbound at the weekend’s immensely popular PR spectacle of a royal wedding, Sergei Skripal was quietly discharged from the hospital he’d been staying at. The BBC reports that he is walking and approaching complete recovery.

Harley-Davidson took its tax cut, closed a factory, and rewarded shareholders (Uncletommy)

Four months later and 500 miles away in Kansas City, Missouri, 800 workers at a Harley-Davidson factory were told they would lose their jobs when the plant closed its doors and shifted operations to a facility in York, Pennsylvania — a net loss of 350 jobs. Workers and union representatives say they didn’t see it coming.

The European Crisis Is Back: Italian, Spanish Bonds Crash Amid Political Chaos (Alex M.)

Italian banks stocks - so bloated with Italian sovereign debt - are accelerating lower...

Will higher gas prices hurt SUV sales? Analyst is sounding alarm (Uncletommy)

"Most automakers have reduced current output of their remaining sedans to reduce dealer inventory as well. It wouldn’t be surprising to see these cuts being made just as gasoline prices are creeping up to a possible point where buyer preferences may again lean in favor of vehicles that offer lower operating costs, especially smaller CUVs and even sedans," Keller wrote.

Preparing For A Worst-Case Scenario: The 10-Week Plan (Thomas R.)

You also need to know how to purify water; how to put up food so it will last, how to effectively communicate in your neighborhood and how to listen to more distant sources of information. AP’s own NC Scout is one of the best resources for that. You’ll even find opportunities to attend classes that will quickly bring you up to the speed you need to be at for effectively communicating. You’ll also need to learn about the subject of intelligence. AP will be an excellent resource for that as well.

Experts: 'Alarming' drought conditions hit US Southwest (Thomas R.)

Climatologists and other experts on Wednesday provided an update on the situation in the Four Corners region — where Arizona, New Mexico, Colorado and Utah meet. They say the area is among the hardest hit and there's little relief expected, and even robust summer rains might not be enough to replenish the soil and ease the fire danger.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/24/18

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."

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