Daily Digest

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Daily Digest 6/11 - Earth's Dismal Water Future, How Much Money Do You Need To Be Happy?

Monday, June 11, 2018, 10:14 AM

Economy

The Politics of Pretense: The Status Quo Is the Problem, But It Can't Be Touched (Thomas R.)

Throughout history, the ruling Status Quo self-destructs by refusing to adapt to changing circumstances. The real world is not static, but those in power are so thoroughly soaked in hubris and the delusions of power that they focus not on painful adaptation but on maximizing and protecting their self-aggrandizement.

MIT scientists created an AI-powered 'psychopath' named Norman (Sparky1)

We've seen examples before of how AI is only as good as the data that it learns from. In 2016, Microsoft (MSFT) launched Tay, a Twitter chat bot. At the time, a Microsoft spokeswoman said Tay was a social, cultural and technical experiment. But Twitter users provoked the bot to say racist and inappropriate things, and it worked. As people chatted with Tay, the bot picked up language from users. Microsoft ultimately pulled the bot offline.

Twenty top predictions for life 100 years from now (From 2012, Thomas R.)

There is already some weather control technology for mediating tornadoes, making it rain and so on, and thanks to climate change concerns, a huge amount of knowledge is being gleaned on how weather works. We will probably have technology to be able to control weather when we need to. It won't necessarily be cheap enough to use routinely and is more likely to be used to avoid severe damage in key areas.

Mining asteroids could unlock untold wealth – here’s how to get started (Thomas R.)

No asteroid has yet been directly sampled. Telescope observations have been carried out along with analyses of meteorites – fragments of asteroids that have fallen to Earth – and the data suggests that a small percentage of asteroids contain high concentrations of valuable metals such as platinum and gold. So before we get swept up in how to spend our trillions, we must first prospect for suitable asteroid mining targets.

A Father's Day Dilemma (Phil D.)

A close relationship existed between wages (paychecks) and innovation, capital investment, and technical know-how, compounding in society through time. Like a magic dividend, it was shared by all working families.

As productivity increased, wages for the working man grew in tandem, an increase in the standard of living shared by all.

How Much Money Do You Need To Be Happy? More Than Most People Are Making (Thomas R.)

The results, which come from Purdue University and the University of Virginia, align with a well-known 2010 study from psychologist Daniel Kahneman and the economist Angus Deaton. They found that people’s happiness was correlated with income but only up to incomes of somewhere between $60,000 and $120,000 (though the number was widely reported as $75,000). After that point, the relationship between happiness and income weakened.

What Would Happen to Money Supply if We Returned to the Gold Standard? (Thomas R.)

Many members on the far-right or Tea Party champion the Gold Standard, [that] the dollar should be pegged to gold. How does — or in the past, how did — that work? What are the ramifications? The last report I read said the U.S. government has $86 billion in gold bricks. If the country went back to the Gold Standard, would that mean there would only be $86 billion in currency available? Also with the way banks operate — they still create through lending — would putting the U.S. on the Gold Standard shrink the money supply?

3 Fiat Money Systems That Have Crashed (Thomas R.)

The world’s first democracy was created in Athens, turning it into the strongest city-state in Greece. From 431 to 414 BC, the nation fought the Spartans in the Peloponnesian War. Decades of war led the nation to debase their currency in order to finance their struggles. Copper was mixed into their gold and silver coins and the deficit spending led to disaster.

Celestial collisions have the potential to change our planet forever (Thomas R.)

Collisions with asteroids, comets and other stuff from space have been responsible for huge landmarks in our planet’s history: global shifts in climate, the creation of our moon, the reshuffling of our deepest geology, and the extinction of species.

1816 – Year Without A Summer – Massive Crop Failure, Food Shortages (Thomas R.)

I wonder what would happen today if a similarly major volcanic eruption blotted out the sunlight in the northern hemisphere and caused tremendous crop failures?

Instead of 1816, it’s 2018 or 2019, a time when most of the population depends upon big agriculture to bring their foods to market.

Why Antibiotics Today Could Threaten Your Life Tomorrow (Thomas R.)

The problem with Methicillin-resistant Staphylococcus aureus (MRSA) infections continues to expand with babies and children representing a large chunk of the cases. I’ve been contacted by more than one young mother recently who was beyond desperate to resolve a MRSA infection in her child – an infection which was resisting all conventional treatments like antibiotics.

One of LA’s oldest community gardens thrived for decades. Then the water wars began (Will H.)

More than 250 parcels are connected by a maze of trails and pipes and hoses. Avocado trees soar as high as 60 feet. Giant banana leaves, ratoons of sugar cane and bright orange guavas — set amid a jumble of sheds, trellises, fences and retaining walls — give the hill the look of a rural village carved from jungle.

Earth's dismal water future, mapped (Sparky1)

Although the map is strikingly simple — color coded from blue to red to show average increases and decreases per year in available fresh water — the story it reveals is complex and troubling. Progressively deeper hues represent the greatest and most problematic rates of change. The deepest blues indicate areas where flooding has been increasing, the deepest reds indicate areas where water losses have been most severe.

5 of the Healthiest Fish to Eat (and 5 to Avoid) (Thomas R.)

You probably already know that you're supposed to be eating fish twice a week. Fish are a lean, healthy source of protein—and the oily kinds, such as salmon, tuna, sardines, etc., deliver those heart- and brain-healthy omega-3 fats you've probably also heard you should be getting in your diet.

These Scientists Say It's Too Late to Rid the World's Oceans of Plastic (Thomas R.)

Race for Water's experts made over a dozen stops on land during their nine-month voyage, studying the environmental damage to various coastlines. In some major cities, including Valparaiso, Shanghai, or Rio de Janeiro, scientists spoke with locals about ocean conservation. On the small islands and archipelagos they visited, experts collected samples of plastics for analysis.

Plastics Industry Knew its Products were Polluting Oceans by 1970s, Then Spent Decades Denying Responsibility and Fighting Regulation (Thomas R.)

“The narrative that consumers bear primary responsibility for the plastics crisis is a public relations myth perpetuated by the petrochemical industry,” continues Feit. “Consumer changes on their own won’t solve the plastics crisis, as hundreds of billions of dollars from the petrochemical industry are being poured into new plastic production. We need a global, binding treaty that regulates plastic pollution throughout its lifecycle, from well head production to ocean waste.”

Gold & Silver

Click to read the PM Daily Market Commentary: 6/8/18

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."

2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4165
Robots could replace as many as 10000 jobs at Citi's investment

Robots could replace as many as 10000 jobs at Citi's investment bank

mySanAntonio.com-4 hours ago
Robots could replace as many as 10,000 human jobs at American banking giant Citi within five years, according to one of its most senior executives.

New technology can see your body through walls

TechCrunch-3 hours ago
MIT's Computer Science and Artificial Intelligence Laboratory has created a system that can see your body through walls, recreating your poses when you walk, ...

 

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 586
Politics of Pretense? CHS nails it again.

I wonder where the next Trump Tower will be located? The only thing I can add is the quote from T. Boone Pickens on Trump/Kim-Jong-un meeting: 

Negotiating advice 101. When you want to make a deal real bad you will make a really bad deal.

 

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