Daily Digest

Image by sgryip, Flickr Creative Commons

Daily Digest 8/5 - Record "Red Tide" Killing Wildlife In Florida, The Distribution Of Pain

Sunday, August 5, 2018, 12:12 PM

Economy

Why companies flush with tax-cut cash are spending more on share buybacks than wage hikes (Uncletommy)

Apple became the world's first trillion-dollar company this week after another impressive quarterly earnings performance pushed its market cap over $1 trillion US. The company previously said it planned to buy back $100 billion of its own shares this year, and has been doing so with aplomb in recent weeks.

Coffins destroyed in China in search of solution to burying 9 million bodies a year (Sparky1)

China, the world's most populous country, is facing a land shortage as it struggles to bury 9 million bodies each year. State news agency Xinhua reported on this problem as early as April 2016, noting that in Beijing, the capital, many had taken to burying loved ones in neighboring cities and provinces when most cemeteries in Beijing had been filled.

Trump Welcomes Immigrants, but Only if They Can Be Exploited (blackeagle)

This was just one moment in a typical Trumpian rant, but it highlighted two developments that haven’t gotten nearly enough attention from the media: the dramatic growth of the country’s temporary work program for farm laborers in recent years, and a push from politicians and the mainstream media to expand this and other guest worker programs in the near future.

Senators introduce bill to slap 'crushing' new sanctions on Russia (Sparky1)

“Our goal is to change the status quo and impose crushing sanctions and other measures against [President Vladimir] Putin’s Russia until he ceases and desists meddling in the US electoral process, halts cyber-attacks on US infrastructure, removes Russia from Ukraine, and ceases efforts to create chaos in Syria," he said in a statement. Sen. Bob Menendez (D-N.J.) added that the bill is "the next step in tightening the screws on the Kremlin."

Russian authorities prepare to soften plan to raise retirement age, sources say (Uncletommy)

The government announced its plan last month to raise the retirement age for men to 65 from 60 and for women to 63 from 55 to ease pressure on state coffers from an aging population and weak economic growth made worse by the impact of sanctions.

Job growth has never lasted this long before. Neither has weak wage growth. (Thomas R.)

In a lot of ways, though, this question about how fast the recovery is going is less important than how far it can go. And the answer is that we have no idea. Economists used to think that joblessness couldn’t get much below 5 or 6 percent — what they called the “natural rate of unemployment” — before inflation started to rise. The idea was that lower unemployment would give workers the bargaining power to demand higher wages, and that higher wages would eat into corporate profits enough that they had to respond with higher prices. But that hasn’t happened at all so far.

All Good Gadgets Go to Waste (Sparky1)

The TV came with access to the internet. It’s “smart,” as they say, not merely because it is Wi-Fi-enabled, but also due to a circular button in the middle of the remote control. This button activated the “VIZIO Internet Apps” (VIA) dock, which scrolls along the bottom of the screen, allowing users one-click access to stream Netflix, YouTube, Hulu, Amazon Prime, or surf the web with its built-in browser. A “Widget Gallery” was also there to let us download future apps; the manual urged us to check often, as “this gallery is constantly being updated.”

Drug giant Glaxo teams up with DNA testing company 23andMe (Sparky1)

“By working with GSK, we believe we will accelerate the development of breakthroughs,” 23andMe CEO Anne Wojcicki wrote in a blog post.

23andMe patrons are asked if they want to participate in scientific research. The new agreement moves this consent firmly into the field of active drug discovery research.

Stonehenge mystery solved, says breakthrough scientific study (Thomas R.)

A groundbreaking new analysis of the 25 cremated remains buried at the prehistoric monument in Wiltshire has revealed that 10 of them lived nowhere near the bluestones.

Instead they came from western Britain, and half of those 10 possibly came from 140 miles away in Southwest Wales (where the earliest Stonehenge monoliths have also been traced back to).

Apple is worth $1 trillion. Here's what that much money could actually do. (Thomas R.)

While Apple CEO Tim Cook said it's "not the most important measure" of the company's success, the tech giant is now in a league of its own, standing tall above its Silicon Valley neighbors worth a measly few hundred billion.

The Distribution of Pain, Redux (Nate)

That is a problem whether you personally feel it or not. People don’t like pain. They change their behavior to avoid or relieve it. People in pain will vote for politicians who say they can help, regardless of whether they actually can. And if those who suffer see you don’t share their pain, they will wonder why not and want whatever advantage you possess. Then it gets ugly. That’s not a moral statement but simply a fact-based observation of human nature.

NOAA plans ‘outside the box’ response to save a starving Puget Sound orca (AKGrannyWGrit)

Reached while throwing together his gear to head out on his research boat to get breath samples from the whale, wildlife biologist Brad Hanson of the Northwest Fisheries Science Center in Seattle said J50 has lost about 20 percent of her body weight, and getting fish into her is as much about rehydrating the whale as feeding her.

Meteor Explodes with 2.1 Kilotons of Force 25 Miles Above US Air Force Base in Greenland (Thomas R.)

The Aviationist’s Tom Demerly, who reported on the incident, wrote in an analysis that it’s concerning because there was no public warning from the U.S. government about the meteor blast. “Had it entered at a more perpendicular angle, it would have struck the earth with significantly greater force,” he wrote.

Climate Change and the Next US Revolution (from 2012, blackeagle)

But working people have finally made up their mind. A recent poll showed that 70 percent of Americans now believe that climate change is real, up from 52 percent in 2010. And a growing number of people are recognizing that the warming of the planet is caused by human activity.

Record 'Red Tide' Of Toxic Algae Is Killing Wildlife In Florida (Sparky1)

“This is way, way high,” Heather Barron, the head of the Center for the Rehabilitation of Wildlife veterinarian hospital on Sanibel Island, told the Fort Myers News-Press of the sea turtle deaths. “Normally red tide season is over in April. But now sea turtle nesting is at its peak, and you have adults in nearshore waters. And because of that, they’re being affected.”

Everyday Plastics Found To Emit Greenhouse Gas Pollution As They Degrade (Thomas R.)

Low-density polyethylene (LPDE) plastics used to make frozen food bags, shrink wrap, and coatings for milk cartons were found in the ocean and can increase over time. Once sunlight starts to decompose the plastic – a process called photo-degradation – emissions can continue even as the Sun starts to fade. When these plastics are further broken down or cracked, the study authors say the rate of gas production can further accelerate. Microplastics – smaller pieces of plastic particles found to move up the food chain and in nearly every corner of the world, including Antarctica – may further accelerate GHG production.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/3/18

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

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 443
Kiloton size meteor air bursts

FYI: Kiloton sized meteor strike about once every six months. Another words the air fairly common and thus the airforce didn't bother to report it.

The US & Russia has a collection of orbiting satellites to detect ICBM missile launch Plumes as well as nuclear detentions. They see all of the meteor airbursts. 

https://www.theregister.co.uk/2014/04/22/study_shows_dangerous_asteroid_...

[So its unlikely these types of airbursts present much of a threat]

http://www.foxnews.com/tech/2012/07/27/how-does-it-feel-to-stand-under-n...

"George Yoshitake, Don Luttrell, and four other officers stood directly underneath an exploding nuclear warhead 55 years ago -- and lived to tell their tale. The blast was just a test, a bit of Cold War marketing designed to make the concept of nuclear war less scary for the public, but the 2-kiloton atomic explosion set off over the Nevada nuclear test site (and over the heads of those six men) was very real. "

". It was going to explode 10,000 feet above my head!” The government planned to detonate a nuclear weapon above a handful of men as a publicity stunt to prove that these weapons were safe if they were ever used for a counter attack against Russia."

[So low kiloton detenations pose no risks,  except for aircraft that are very close when the detention happens. The Chelyabinsk meteor that detenated in Russia in 2013 had a yield between 300 & 500 kilotons.] 

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4209
China's bill for debt binge coming due

China's bill for debt binge coming due

Nikkei Asian Review-15 hours ago
The 2008 "Lehman shock" is finally catching up with China. .... 2 economy and the biggest holder of U.S. Treasuries could boomerang in unpredictable ways.

China millennials' love of credit cards raises debt fears

Financial Times-9 hours ago
“Using credit cards did not feel like spending money, and the debt grew and grew,” ... Large-scale defaults by consumers would put pressure on the solvency of ...

$222 billion debt maturing this fiscal to put pressure on forex kitty

Economic Times-9 hours ago
Mumbai: Nearly $222 billion of shortterm debt, equal to about half of India's foreign exchange reserves, will come up for maturity this fiscal year, ringing alarm ...

In Weary Post-Storm Puerto Rico, Medicaid Cutbacks Bode New Ills

Washington Post-4 hours ago
Overall, Puerto Rico faces a crushing debt of more than $70 billion — much of it due to the territory's historically astronomical Medicaid expenses — on an island ...
 
Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 4 2014
Posts: 608
Sound solution to china's coffin problem?

I've seen several "less-hi-tech" solutions, but the speed and quality of the finished product is impressive:

http://biomulcher.com/

Now you could have Ma and Pa in the backyard helping you grow vegetables! Talk about a guaranteed payback option for a growing problem. The folks in Saskatchewan did a great job on this design.

DennisC's picture
DennisC
Status: Gold Member (Offline)
Joined: Mar 19 2011
Posts: 328
Combined "mortalities"

Give the earth a final "bequest" as you say "hasta la vista".

Efforts to live a sustainable lifestyle are ending in a cloud of smoke as more people choose cremation over conventional burial. And not just because of greenhouse emissions. Lead and mercury toxins are also part of the devil’s brew expelled in the flames.

The Cremation Association of North America says 56 per cent of bodies in Canada are now cremated annually compared with only 2.75 per cent 50 years ago. Cremation is typically seen as cheaper than burial, but environmental costs usually are not factored in.

Since it takes two to four hours at temperatures ranging from 1,400 and 2,100 F, or 760 and 1,150 C, the estimated energy required to cremate one body is roughly equal to the amount of fuel required to drive 4,800 miles, or 7,725 kilometers.

https://www.desmogblog.com/cremation-ignites-global-warming-atmospheric-...

Apparently, your "mileage" may vary.

Take two more examples from another industry leader. One Crawford model, the Elite Cremation System Model C1000H, uses 1,200,000 Btu per hour and uses 12 gallons of LP fuel per hour.4 Per cremation, this adds up to at least 2,000,000 Btu’s used, or about 20 gallons of fuel. A second Crawford model, the Ultimate Cremation System Model C1000S, estimates 2,100,000 BTU per hour and uses 21 gallons of LP fuel per hour.5 This means that almost 3,000,000 Btu’s are used – over 25 gallons of fuel – per cremation.

Also, note that industry fuel-efficiency claims are lower — sometimes significantly so — than reality. One manufacturer publicly admitted:

When a customer makes a choice to purchase a Crematory, probably the most important feature is fuel consumption, because it relates to the bottom line every time you operate your equipment. No other cremation function will have such a sizeable effect on your operation. It seems that each manufacturer states they have the lowest fuel consumption and the fuel data they have provided you with is not really what the equipment uses.6

In other words, cremations use up an enormous amount of fossil fuels, which as we know are the single greatest polluters of the environment. No wonder the green movement pushes green burials – with no embalming or metal caskets – and is opposed to cremation.

http://cremationorburial.org/energy-use/

 

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments