Daily Digest

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Daily Digest 10/1 - Working While Homeless, New York's Epidemic Of Plagues

Monday, October 1, 2018, 10:02 AM

Economy

Another Financial Crisis Is Coming: Here's What Investors Need To Know (Thomas R.)

We just passed the 10-year anniversary of the Great Financial Crisis, the worst capital market meltdown since the Great Depression. Given that the Great Recession saw the US stock market shed $7.9 trillion in value (global market lost $34.4 trillion) and cost the US economy $22 trillion, it's understandable that Americans and investors today fear a repeat of this disaster.

American Politics Is Boofed (Paul D.)

Then he uttered words that it is possible, these days, to imagine almost any senator of either party uttering about the other party: “Boy, you guys want power. I hope you never get it.”

US Voting Systems Have ‘Staggering’ Vulnerabilities: Cyber Researchers (edelinski)

“Because the device in question is a high-speed unit designed to process a high volume of ballots for an entire county, hacking just one of these machines could enable an attacker to flip the Electoral College and determine the outcome of a presidential election,” the report states.

DYER: Will civilization survive? (Paul D.)

In other models, the planet’s people (creatures? beings?) delay switching the energy sources for too long. They all switch in the end, but the laggards still don’t make it. The population starts to fall, then appears to stabilize for a while, then rushes downward to extinction. Nobody saw that one coming, but it’s what the models are telling us.

Conservative Group Behind Kavanaugh Confirmation Has Spent Years Reshaping State and Federal Benches (edelinski)

This year, Justice Goodson is up for reelection — and JCN is back at it. They’ve already spent nearly $1 million in connection with the race, including on ads accusing Goodson of ethical violations, which an independent group of retired Arkansas judges determined to be “false and misleading.” JCN even launched a website to promote their allegations: greedygoodson.com. When Goodson sued to block TV stations from running the ads, one court issued a preliminary injunction, temporarily blocking JCN ads in some parts of the state. That case is on appeal at the Arkansas Court of Appeals.

Colorado flu survivor tells cautionary tale: 'You can go downhill within hours' (Thomas R.)

That's why she adamantly believes in flu vaccines. Even though it didn't prevent her flu, the vaccine generally lessens the severity and prevents people from spreading the virus to vulnerable populations such as those over 65, children under 5, pregnant women and people with certain chronic medical conditions, according to the state department of health.

Over the years New York City has had an epidemic of plagues (Thomas R.)

It’s a pairing fraught with historical significance. Over the years, the metropolis has coped with various epidemics, from yellow fever in the early 19th century to HIV/AIDS in the 1980s. Confronting these emergencies wasn’t always easy: It involved medical professionals, city officials and community leaders.

World War Three alert: ‘You CAN'T stop us sailing there’ US warship heads into China Sea (Thomas R.)

Officials quoted China’s top diplomat, State Councillor Wang Yi as saying: “China hopes that Britain will truly implement its position of not taking sides in the South China Sea issue, earnestly respect China's sovereignty and territorial integrity and not do anything to disturb mutual trust between the two countries.”

Working While Homeless: A Tough Job For Thousands Of Californians (Thomas R.)

Los Angeles County has more than 50,000 residents who are homeless. Eight percent of adults surveyed in 2017 said they were working to some degree, mostly in part-time, seasonal or temporary work. Among homeless adults with children, 27 percent said they were working either part or full-time.

To avoid bankruptcy, Sears CEO proposes selling off real estate. The retailer has tried that move before. (Thomas R.)

In the years since, the retailer’s presence has been shrinking at those properties as space is leased to new, higher-paying tenants. Nearly a quarter of the former Sears stores still in Seritage’s portfolio are no longer in use by the retailer. Sears and its sister brand Kmart share space with at least one other tenant in about half the remaining occupied stores, according to the company’s most recent financial report. Sears and Kmart now account for less than half the rent Seritage collects each year.

No Cash Needed At This Cafe. Students Pay The Tab With Their Personal Data (Thomas R.)

To get the free coffee, university students must give away their names, phone numbers, email addresses and majors, or in Brown's lingo, concentrations. Students also provide dates of birth and professional interests, entering all of the information in an online form. By doing so, the students also open themselves up to receiving information from corporate sponsors who pay the cafe to reach its clientele through logos, apps, digital advertisements on screens in stores and on mobile devices, signs, surveys and even baristas.

Big Death  —  How Kuhn Was Wrong And Foucault Was Right (Jesper A.)

In Drew Westen’s book The Political Brain, he says (chapter on The marketplace of emotions);”The view of democracy that naturally flows from the dispassionate view of the mind is of a marketplace of ideas. Parties and politicians who want to convince others of their point of view lay out the data, make their best case, and leave it to the electorate to weigh the arguments and exercise their capacity to reason.”

Oracle puts a guy from Microsoft in charge of cloud as the head of cloud resigns (Thomas R.)

T.K. Anand is an interesting choice to lead Oracle's most important engineering unit, as he's an Oracle outsider. He joined the company in June after a 22-year-career in engineering at Microsoft, working himself up to a general manager role in Microsoft's cloud unit, according to his LinkedIn profile.

GM to recall more than 3.3 million vehicles in China (Thomas R.)

General Motors' joint venture in China, Shanghai GM, will recall more than 3.3 million Buick, Chevrolet and Cadillac vehicles from Oct. 20 because of a defect with the suspension system, China's market regulator said on Saturday.

Euroa's grassroots solar microgrid plan to avoid summer blackouts (Paul D.)

"This microgrid within another microgrid will give us the opportunity to generate power locally, store power locally and share power locally. It's the town making itself more resilient in these times of uncertainty.

Indonesia: Tsunami death toll tops 800 amid search for survivors (Thomas R.)

Dozens of people were reported to be trapped in the rubble of a hotel and a mall in the city of Palu. A young woman was pulled alive from the rubble of the Roa Roa Hotel, the news website Detik.com reported. The owner of the hotel said that up to 60 people were believed trapped in the rubble.

Indonesia Tsunami Toll Climbs Above 800. ‘It Is Very Bad.’ (Thomas R.)

The death toll, which had more than doubled from Sunday morning, was expected to climb much higher still, with heavily populated areas outside the city still cut off from any assistance, and desperate search-and-rescue efforts continuing in the rubble of Palu, often with only rudimentary tools.

Gold & Silver

Click to read the PM End-Of-Month Market Commentary: September

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

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4207
Your Central Bank Can't Save You Next Time

Your Central Bank Can't Save You Next Time

Bloomberg-7 hours ago
Unless there can be an adult conversation in America over negative interest rates — the counterintuitive idea of borrowers getting paid and savers dinged — the ...

Rising costs take toll on new corporate, emerging market debt

Reuters-2 hours ago
Emerging market debt sales totalled $12 billion, according to Thomson Reuters data, compared with $53.2 billion in the second quarter and down 72 percent ...

Italian bond yields extend last week's rise on budget concerns

Nasdaq-6 hours ago
A downgrade is our base case." Tria moved to temper concerns that Italy's enormous debt pile - 131 percent of GDP - would continue to grow, saying on Sunday ...

 

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3191
South China Sea

What the above article does not mention is that China has been aggressively expanding its claim to sovereignty over the South China Sea by building islands where none existed before.  It is one of the most heavily used shipping lanes in the world and has always been considered international waters.  The Law of the Sea is the governing international law over such waters.  The US is basically enforcing international law over that area because it has by far the largest and most powerful navy in the world.  If the US doesn't take the lead in such efforts, no one else probably can.  The South China Sea is a vital trade route from the Pacific to Indian Oceans that could well be closed to outside traffic if China successfully gains control over the sea and connecting straits.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4207
" Intragovernmental Holdings" pushes us over $21.5 trillion

The Daily History of the Debt Results

Historical returns from 09/24/2018 through 09/28/2018

The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for the preceding business day will be displayed.

( Debt Held by the Public vs. Intragovernmental Holdings )

Date Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/24/2018 15,761,155,977,944.00 5,714,363,456,529.53 21,475,519,434,473.53
09/25/2018 15,761,483,505,663.41 5,721,291,402,230.08 21,482,774,907,893.49
09/26/2018 15,761,091,412,843.05 5,709,968,280,566.15 21,471,059,693,409.20
09/27/2018 15,732,905,321,143.44 5,698,981,813,553.02 21,431,887,134,696.46
09/28/2018 15,761,154,524,132.45 5,754,903,659,047.78 21,516,058,183,180.2

 

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