Daily Digest

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Daily Digest 8/20 - Trump Admin Dismantling Financial Protections For Military, Fracking Destroying U.S. Water Supply

Monday, August 20, 2018, 9:41 AM

Economy

The Trump administration is dismantling financial protections for the military (Sparky1)

“This is akin to removing your sentries from guard posts on military compounds. If you do that, you’ll have the expectation that the bad guys will try to penetrate your compound and will probably be successful,” retired Army Col. Paul Kantwill, who recently left a position at the consumer protection agency, told me. “That’s exactly what this type of action would result in.”

3 Money Mistakes Baby Boomers Are Making (Thomas R.)

Baby boomers are on track to live longer than any generation before them, which means their dollars will have to stretch much further in retirement. But those who fail to plan for this may find their financial security in jeopardy at the time when they need it the most. Here are a few of the most common money mistakes baby boomers are making, along with some suggestions on how to fix them.

Trump adviser John Bolton on possibly privatizing US war in Afghanistan: I'm 'always open to new ideas' (Sparky1)

According a report from NBC News Friday citing current and former administration officials, the president is showing interest in a proposal by Blackwater founder Erik Prince to hire private military contractors to support the war.

“It is not a private army," Prince told NBC News of his proposal for Afghanistan. "It is a very clear delineation of who’s in charge, OK? Afghan government working for a U.S. government official funded by the United States at a fraction of the cost we’re spending now.”

‘No One Is Ever Really Ready’: Aid-In-Dying Patient Chooses His Last Day (Adam)

Supporters say the practice gives patients control over their own fate in the face of a terminal illness. Detractors — including religious groups, disability rights advocates and some doctors — argue that such laws could put pressure on vulnerable people and that proper palliative care can ease end-of-life suffering.

My fiance and I took on $500K in debt before NYU's med school went tuition-free (Thomas R.)

The free tuition announcement was delivered Thursday morning to first-year medical students and family members as a surprise ending to the annual "White Coat Ceremony." During the ceremony, each new student is presented with a traditional white lab coat to mark the start of their medical training.

Health officials warn about potential exposure to measles in Arizona (Thomas R.)

“It is extremely important to make sure you are fully immunized against measles. You may be protected from measles if you were vaccinated for measles or if you have previously had the disease,” said Dr. Cara Christ, director of the Arizona Department of Health Services. “We know measles circulates in other parts of the world. There is always a possibility that visitors to tourist destinations in Arizona could introduce measles into our state, which is one of the reasons why measles vaccination is so important."

Sultan Knish: South Africa Goes Zimbabwe (Thomas R.)

“We will accelerate our land redistribution programme not only to redress a grave historical injustice, but also to bring more producers into the agricultural sector and to make more land available for cultivation,” Ramaphosa claimed in his State of the Nation address.

U.S. says conserving oil is no longer an economic imperative (LesPhelps)

Growth of natural gas and other alternatives to petroleum has reduced the need for imported oil, which "in turn affects the need of the nation to conserve energy," the Energy Department said. It also cites the now decade-old fracking revolution that has unlocked U.S. shale oil reserves, giving "the United States more flexibility than in the past to use our oil resources with less concern."

Cracks In Global Economy Weigh On Oil Markets (Michael S.)

Currency weakness could hit emerging market demand. The plunge in the lira has infected several other emerging market currencies, most notably, Argentina’s peso and India’s rupee. That makes oil vastly more expensive in those countries, which ultimately could undercut demand. “Higher oil prices paired with a weakening domestic currency spells trouble for major emerging market oil demand growth countries like India, where consumers are already paying near record levels for retail petrol,” said Michael Tran, global energy strategist at RBC Capital Markets LLC.

Avoid low-carb diets if you want to live longer, study suggests (Thomas R.)

“Low-carb diets that replace carbohydrates with protein or fat are gaining widespread popularity as a health and weight loss strategy,” Sara Seidelmann said in a statement. “However, our data suggests that animal-based low carbohydrate diets, which are prevalent in North America and Europe, might be associated with shorter overall life span and should be discouraged.”

India's monsoon floods leave 800,000 displaced, thousands stranded (Thomas R.)

At least two trains carrying about 400,000 gallons of water were moving to the flooded areas from the neighboring states of Madhya Pradesh and Maharashtra, Indian railway official Milind Deouskar said, according to the Press Trust of India news agency.

Rainfall in some areas were well over double that of a typical monsoon season, officials said.

Mosquitoes, dead birds and chickens test positive for West Nile Virus in Contra Costa County (Thomas R.)

District Scientific Programs Manager Steve Schultz said in a statement that the area is entering peak West Nile virus season, and people in Contra Costa County should protect themselves from mosquito bites.

To avoid bites, people can stay indoors when mosquitoes are present and wear mosquito repellent when outside.

Fracking is destroying U.S. water supply, warns shocking new study (Paul D.)

“Previous studies suggested hydraulic fracturing does not use significantly more water than other energy sources, but those findings were based only on aggregated data from the early years of fracking,” explained co-author Avner Vengosh, a professor of geochemistry and water quality at Duke.

Trump Administration Hit With 7 Major Environmental Setbacks In Court In Past Week (edelinski)

On Wednesday, U.S. District Judge Brian Morris in Montana ordered the State Department to complete an additional environmental review of TransCanada’s Keystone XL pipeline, effectively halting the administration’s attempt to railroad the controversial tar sands project.

The Really Big One (from 2015, Paul D.)

For decades, seismologists had believed that Japan could not experience an earthquake stronger than magnitude 8.4. In 2005, however, at a conference in Hokudan, a Japanese geologist named Yasutaka Ikeda had argued that the nation should expect a magnitude 9.0 in the near future—with catastrophic consequences, because Japan’s famous earthquake-and-tsunami preparedness, including the height of its sea walls, was based on incorrect science. The presentation was met with polite applause and thereafter largely ignored. Now, Goldfinger realized as the shaking hit the four-minute mark, the planet was proving the Japanese Cassandra right.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/17/18

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: 4236
With recession looming, Argentina's Macri lacks options to defen

With recession looming, Argentina's Macri lacks options to defend peso

Reuters-20 hours ago
Argentina's central bank hiked interest rates to 40 percent in May, and Macri sealed a $50-billion deal with the International Monetary Fund in June - removing ...

Turkey's crisis shows a deeper disease – and Asia is infected too

South China Morning Post-13 hours ago
Today Turkish borrowers owe some US$450 billion in foreign currency debt, ... And of that US$2 trillion in debt, roughly a quarter, or US$500 billion, is set to ...

Anxiety rises in Venezuela as Maduro further devalues currency

MarketWatch-13 hours ago
The government, which is in default on $6 billion in debt, is expected to print more bank notes to make up for a loss of export earnings that has come with the ...

Metro just got handcuffed to a dismal future

Washington Post-15 hours ago
The deficit, roughly $2.8 billion and mounting fast, is a looming problem for Metro passengers and virtually every taxpayer in the Washington region, which ...

 

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 3 2014
Posts: 633
How stupid can we bee?

I just about had a stroke reading the NYT article on the Superbowl of Beekeeping in the recent MSM scandal sheet from August 18, 2018. Have we really lost of minds when it comes to environmental stewardship? When I consider the inefficiency of transporting 3/4 of the US  bees across the country to pollinate almonds that use up vast quantities of fresh water only to be turned into Almond milk that is, in turn, transported again across the nation to be sold to the nutrient deficient, food-phobic, paranoid consuming public, I can only conclude that all our marbles have been spilled never to be seen again.

Even if I assume that cow-farts are the main concern in our environmental demise, they seem far less omiminous than the current practices of fossil-fueled trade our country is experiencing and, ever growing, elsewhere in the world. If you are lactose intolerant or dairy protein sensitive, my condolenses. However, when I again consider the fact that mankind has survived on the backs of cattle and other fermented ruminant exudates for most of its survival, the current food faldural seems moot. Traditional ruminant based foods have a well earned spot in the history of mankind. To supersede them to a land limited, protein hungry, legume based, world wide, energy guzzling diet seems insane. The winds of change, IMHO, will not come from the flatulating orfices of the connoisseurers of humus, cousous, split pea soup or other GHG provocateurs. Perhaps a few less of us humans might help.If there is something rotten in the world, it's probably not in Demark! Bon appetit!

https://www.nytimes.com/2018/08/15/magazine/the-super-bowl-of-beekeeping.html

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