Daily Digest

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Daily Digest 7/12 - How the BBC Lost the Plot on Brexit, China Closes Door To Recycling

Thursday, July 12, 2018, 9:52 AM

Economy

Residents of Stockton are set to get $500 a month with no strings attached in bid to boost economy (thc0655)

The program aims to create a level of income that no one will fall beneath.

By providing impoverished residents a regular sum of money that they can use on anything they wish, be it food, clothes, gas, or starting a new venture, those behind the program believe it could go a long way to give people enough support to try out new ideas.

Inflation Is A Policy Decision (yogmonster)

Calculate average monthly prices for the DOW and silver over a ten-year period. Plot those prices on the center date of the period. This shows long-term trends and eliminates most market fluctuations.

Example: Take the average price for the DOW each month from January 1, 1969 through December 31, 1978 and plot it as a single data point on January 1, 1974 (five years into the ten-year interval).

Merk Research: U.S. Business Chart Book (pdf, Axel M.)

Over the 90 years between 1927 and 2017, the average S&P 500 monthly return during expansions was +0.89% (889 months), compared to an average S&P 500 monthly return during recessions of -0.71% (191 months). In terms of proportions of time: expansion months account for about 80% and recession months about 20%. The business cycle also has important implications for Fed policy.

What Happens if I Really Do Run Out of Money in Retirement? (Thomas R.)

Most people who run out of money in retirement continue to scrimp by — living on Social Security income and they have probably opted into Medicaid instead of Medicare.

You are likely no longer in your own home and have opted into low income programs and/or are relying on family for shelter or support.

How the BBC Lost the Plot on Brexit (tmn)

The chaos that has rendered Britain all but powerless as Vladimir Putin and Donald Trump tear up the international order stems from the original sin of not leveling with the public. Both the Conservative and Labour parties are being torn apart by a pressure to do the impossible: to square the promises of charlatans with the realities of Britain’s economic and strategic position. Both left and right, or at least their leaders, talk as if the European Union will allow us to retain the benefits of membership when we have left.

The Epic Battle Between Breast Milk and Infant-Formula Companies (blackeagle)

The American delegates wanted to ditch language in the nonbinding resolution that called on governments to “protect, promote, and support breastfeeding” and another passage that called on policymakers to restrict the promotion of unhealthy food products. When that didn’t work, they threatened Ecuador, the country that intended to introduce the breastfeeding measure, with punitive trade and aid measures. Ultimately, it was Russia that agreed to introduce the breastfeeding resolution, and the U.S.’s efforts were “largely unsuccessful,” the Times reported.

The Big Cycle - Part 2 (Jesper A.)

“It all started with Freud. The reason you know you´re feeling low is because of what Freud got up to in Vienna when he changed the way we think about the way we think about the way we think.” (Chap. 11, The Pinball Effect, James Burke 1996). I will not talk about this book until the last episode (i.e. part four).

Study Confirms Most Psychopaths Live in Washington D.C. (Thomas R.)

The study is called Psychopathy By State, conducted by Ryan Murphy. He surveyed samples from the lower 48 states and Washington D.C. to find the prevalence of personality traits which correspond to psychopathy.

The personality traits generally corresponding to psychopathy are low neuroticism, high extraversion, low agreeableness, and low conscientiousness.

The Downside Risk For Oil (Michael S.)

With Trump’s reputation for changing his stance on key issues well documented, and his recent flip flopping on both his Iran policy and his demands on Saudi Arabia’s production, it is not unrealistic to assume he will do all he can to lower crude prices before November’s elections. As well as the November elections, the trade war with China and disagreements within NATO may force Trump’s hand when it comes to punishing Iran and making demands of Saudi Arabia and OPEC.

Forget the trade war, China won't take our plastic anymore (Adam)

That ended in January, when China decided that it would no longer act as the “world’s garbage dump.” Now, across the nation, the plastic waste we dutifully deposit in recycling bins is piling up in ports or being sent to incinerators and landfills, including in Baltimore County, where about a third of our recycling gets dumped as trash instead. Eventually plastic trash makes its way into the environment, where it can linger indefinitely.

Trash piles up in US as China closes door to recycling (DennisC)

Amid the nerve-shattering din and clouds of brown dust, dozens of workers in gloves and masks -- most of them women -- nimbly pluck a diverse array of objects from the piles that could count as "contaminants."

That could be anything from clothes to cables to tree branches to the bane of all recyclers: plastic bags, which are not supposed to go in recycling bins because they snarl up the machinery.

What Footage From 1980s Bike Races Can Teach Us About Climate Change (tmn)

It struck them that bike race footage could be a great tool for phenology. For one thing, many of the races happen in the spring, when all the bloomin’ action is. They also tend to cover the same ground: the Tour of Flanders, for example, has had a fairly consistent route, and is generally held the first weekend in April.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/11/18

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."

4 Comments

ezlxq1949's picture
ezlxq1949
Status: Silver Member (Offline)
Joined: Apr 29 2009
Posts: 217
Hooray for China!

Because they have forced the wastrel West to confront its wasteful ways. Now we must clean up our own backyards.

In my part of the cosmos (Oz), this situation will give our neoliberal-addled federal and state governments severe heartburn. Cleaning up is unlikely to be profitable, the government will actually have to initiate something, their ideology will require them to privatise it and outsource it, but, delicious irony, the outsorcerer of first resort is not available!

Don't know if India will come to the junkyard party. Hope it doesn't.

What a predicament.

blackeagle's picture
blackeagle
Status: Silver Member (Offline)
Joined: May 16 2013
Posts: 223
China won't take our plastic anymore

Yep! In Quebec most junkyards are overflowing with waste that used to be sent to China. This started at least one year ago.

For now, we are sending excess "recyclable" matter into landfills (paper, glass, plastics). Main reason provided is that our recyclable waste is not of a good enough quality to be recycled. For how long can we continue bury? China was the perfect easy dumping site: far from sight, far from questioning.

Our politicians have no clue on how to solve this and everytime someone try to bring this matter in the news, it doesn't stand one day. Local powers want the lid tightly closed.

One city, Gatineau, changed the rules: Now, households are allowed to use 120L trash bins once per two weeks instead of the standard 370L every week and the city is contemplating to impose a 5$ per additional bag. People are complaining this is not enough!!!!

It is hard to change strongly encroached habits. We need a good crisis.

shastatodd's picture
shastatodd
Status: Bronze Member (Offline)
Joined: Oct 16 2010
Posts: 54
recycling

shipping waste across the sea for recycling in nonsensical.
i wonder if it is even energy/ resource effective if it is done in the country or origin?

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 309
As long as it makes me feel good

about my social responsibilities, into the blue bin it goes.

Californians dutifully load up their recycling bins and feel good about themselves. They’re helping the environment and being good citizens.

But their glow might turn to gloom if they realized that much of the stuff is headed to a landfill.

http://www.latimes.com/politics/la-pol-sac-skelton-recycling-problems-ca...

It ain't necessarily easy or cheap, for example the PET recycling process.  Gotta hope the "net-net" is positive versus just paying to make it "disappear".

After they have been sorted, the PET material is ground into particles known as “flakes.” Flake purity is central to preserving the value of the reclaimed plastic. Further separation techniques involve washing and air classification as well as water baths (sink/float) to separate residual foreign materials.

Washing can be undertaken at standard or elevated heat levels. The use of disinfectants and detergents aids in achieving a complete cleaning.

After the completion of grinding, washing, and separation steps, the material is rinsed to eliminate any remaining contaminants or cleaning agents. The recycled PET is then dried before reintroduction as a manufacturing material or before further processing.

https://www.thebalancesmb.com/recycling-polyethylene-terephthalate-pet-2...

(lots of other recycling stuff here too)

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