Daily Digest

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Daily Digest 6/19 - Demographics And Destiny, Where Will U.S. Frackers Drill Next?

Tuesday, June 19, 2018, 9:17 AM

Economy

Demographics And Destiny: This Pension Train Has No Seat Belts (Thomas R.)

In describing various economic train wrecks these last few weeks, I may have given the wrong impression about trains. I love riding the train on the East Coast or in Europe. They’re usually a safe and efficient way to travel. And I can sit and read and work, plus not deal with airport security. But in this series, I’m concerned about economic train wrecks, of which I foresee many coming before The Big One which I call The Great Reset, where all the debt, all over the world, will have to be “rationalized.” That probably won’t happen until the middle or end of the next decade. We have some time to plan, which is good because it’s all but inevitable now, without massive political will. And I don’t see that anywhere.

Police Use of Facial Recognition With License Databases Spur Privacy Concerns (Thomas R.)

Police in the small Maryland city of Hagerstown used a cutting edge, facial recognition program last week to track down a robbery suspect, marking one of the first such instances of the tactic to be made public.

What’s Really Happening When Asylum-Seeking Families Are Separated? (tmn)

So the idea of zero tolerance under the stated policy is that we don’t care why you’re afraid. We don’t care if it’s religion, political, gangs, anything. For all asylum seekers, you are going to be put in jail, in a detention center, and you’re going to have your children taken away from you. That’s the policy. They’re not 100 percent able to implement that because of a lot of reasons, including just having enough judges on the border. And bed space. There’s a big logistical problem because this is a new policy.

How Big Tech brought back the barter economy (Thomas R., login required)

At first glance, this looks exploitative. But in exchange for giving up their data, consumers have received something — digital services such as messaging systems, maps, information and apps. Indignant techies love to point out that consumers have been given these services “for free”, since there is often no monetary payment involved; meanwhile, politicians (and consumer groups) complain that tech companies have taken consumer data “for free” too.

Stay-at-home mothers a drain on the economy? Actually, the problem might lie with men (Thomas R.)

What the report addressed is that many women with children have significant barriers to work – such as the cost and lack of access to childcare, and long periods out of the workforce – which see such women in effect left behind in their careers despite a generally above-average education attainment.

It also noted that Australia’s economy would be improved were we to raise women’s participation in the workforce.

Living On Spare Change: One Millennial's Life Without A Home (Thomas R.)

“I find a coffee shop, a grocery store, and a park and basically live in that triangulation. I wake up around dawn, lace my boots with my shivering hands, and go sit in a coffee shop to wait for the cold to blow over and charge my phone, write, listen to podcasts, etc. Then I either use my food stamps, saved money, or spange money to buy food.”

‘Gaming disorder’ is officially recognized by the World Health Organization (Thomas R.)

“Disorders due to addictive behaviours are recognizable and clinically significant syndromes associated with distress or interference with personal functions that develop as a result of repetitive rewarding behaviours other than the use of dependence-producing substances,” writes the WHO. “Disorders due to addictive behaviors include gambling disorder and gaming disorder, which may involve both online and offline behaviour.”

It's Time to Tell the Kids: If You Don't Do Well in High School, You Won't Do Well in College (or on the Job) (Thomas R.)

In this article, we will look at the facts, indeed the tragedy, behind the façade of widespread college entry—and at what we can do to change the picture, either by increasing the odds that college enrollment will lead to college graduation or by helping students find more productive, successful post-high school paths.

EMS Staff Used 'Date-Rape Drug' On People At Cops' Request (Thomas R.)

After the Star Tribune article, Minneapolis Police Chief Medaria Arradondo said it was "irresponsible" for the paper to release findings from the "incomplete" reports. He added that the report was "devoid of any input from medical personnel."

How AI will reshape the logistics and transportation industry (Thomas R.)

In a new report, BI Intelligence, Business Insider's premium research service, explores the vast impact that AI techniques like machine learning will have on the supply chain and logistics space. We detail the myriad applications for these computational techniques in the industry, and the adoption of those different applications. We also share some examples of companies that have demonstrated success with AI in their supply chain and logistics operations. Lastly, we break down the many factors that are holding organizations back from implementing AI projects and gaining the full benefits of this disruptive technology.

Foreigners buy record number of U.S. homes despite fears of immigration crackdown (Thomas R.)

"The political and economic uncertainty both here and abroad did not deter foreigners from exponentially ramping up their purchases of U.S. property over the past year," Yun said. "Foreigners increasingly acted on their beliefs that the U.S. is a safe and secure place to live, work and invest."

Who's Powering the Housing Market? Surprise! It's Millennials (Thomas R.)

“Millennials have been fairly slow to get into the market, but we are seeing an uptick in millennial buyers this year — which is a good sign, because as home values rise, we want a wider number of people to participate in this housing recovery,” said Lawrence Yun, chief economist at the National Association of Realtors (NAR). “There’s a pent-up demand and as the economy continues to improve, we expect to see more people in their early thirties, adults who are still living with their parents — clearly not their idea of the American dream — begin to look for their own housing units.”

Norway tests tiny electric plane, sees passenger flights by 2025 (Thomas R.)

Norway, a mountainous country of five million people where fjords and remote islands mean many short-hop routes of less than 200 kms, would be ideal for electric planes, Solvik-Olsen said. Also, 98 percent of electricity in Norway is generated from clean hydro power.

Where Will U.S. Frackers Drill Next? (Michael S.)

Historically, the majority of the production has occurred in the western half of the state, while new permitting and leasing activity is concentrated in the central and eastern portions of the play in Rapides, Avoyelles, and Pointe Coupee parishes.

China's tariffs on U.S. oil would disrupt $1 billion monthly business (Thomas R.)

The OPEC kingpin Saudi Arabia and Russia indicated on Friday they would loosen their supply restraint and were starting to raise exports.

A cut in Chinese purchases of U.S. oil may also benefit Iran’s sales, which Washington is trying to curb with new sanctions it announced in May.

US Announces US$300 Million in Payments for Cotton Producers (Uncletommy)

Cotton producers have this year urged Vilsack to reclassify cottonseed as an oilseed under the Farm Bill in a bid to increase the level of support they receive – although the Agriculture Secretary has argued he does not have the authority to do so.

Brazil to harden line on U.S. farm aid post Doha (Uncletommy)

“There was some kind of agreement that Brazil would not retaliate because Doha was supposed to solve the cotton problem. But now there is no hope of such a solution,” Camargo said. “The government won’t like it but the rule is, if you win the appeal, trade sanctions are the only option.”

Veggie trays recalled after 78 sickened by parasite (Thomas R.)

The trays were distributed in Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin, and have a best by date of June 17 or earlier. The parasite was identified as Cyclospora, which can cause Cyclosporiasis. According to the CDC, the parasite can cause watery diarrhea, loss of appetite, weight loss, cramping, bloating, increased gas, nausea and fatigue.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/15/18

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."

3 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1651
More on lifeboat ethics

http://buchanan.org/blog/trump-and-the-invasion-of-the-west-129497

Consider. Since 2016, some 110,000 children have entered the U.S. illegally and been released, along with 200,000 Central American families caught sneaking across the border.

Reflecting its frustration, the White House press office declared:

“We can’t deport them, we can’t separate them, we can’t detain them, we can’t prosecute them. What (the Democrats) want is a radical open-border policy that lets everyone out into the interior of this country with virtually no documentation whatsoever.”

Where many Americans see illegal intruders, Democrats see future voters...

Trump may be on the wrong side politically and emotionally of this issue of separating migrant kids from their parents.

But on the mega-issue — the Third World invasion of the West — he is riding the great wave of the future, if the West is to have a future.

Let’s see if we can be wise and compassionate enough to avoid something like this...

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 601
Reasonable force?

The drug dealers seem to be getting smaller everyday.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4191
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