Daily Digest

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Daily Digest 10/16 - U.S. Deficit Rises 17%, 'Hyperalarming' Study Shows Massive Insect Loss

Tuesday, October 16, 2018, 9:42 AM

Economy

US deficit rises 17% to the highest level since 2012 (Thomas R.)

The White House has steadfastly defended its policies, arguing that the yawning gap is a reason to cut deeper into social programs to balance out increases to the military budget. It's a long way from the Republican stance under President Barack Obama, when the GOP-led House demanded about $1 trillion in budget cuts over 10 years in exchange for a debt ceiling increase, leading to years of painful automatic reductions to federal spending.

'You Couldn't Make This Up': A Bunch of Mops, Cleaners, and Trash Bags Delivered to Saudi Consulate Ahead of Khashoggi Murder Probe (Paul D.)

What does it say about the credibility of an investigation when a cleaning crew fully equipped with boxes of chemicals, mops, trash bags, and... milk arrives at the scene of the alleged crime right before the probe begins?

Tremors Rattling World Economy: Takeaways From IMF Talks in Bali (Thomas R.)

The quake "was symbolic for the widespread feeling among participants that the ground under the global economy, financial markets and the multilateral trading system has started to shift," Joachim Fels, global economic adviser at Pacific Investment Management Co., said as he left the Indonesian resort.

Entire Federal Budget Now National Security Secret – Dr. Mark Skidmore (yogmonster)

In closing, Dr. Skidmore says, “How can you have a democracy if you don’t have any transparency whatsoever? Having integrity and confidence is so essential to the whole system, and this just puts everything in question. . . . We should clean this up and show we are legitimate. If we don’t, we are just shooting ourselves in the foot.”

TSA releases roadmap for expanding biometrics technology (Sparky1)

Early this year, TSA began testing facial recognition technology for international travelers at Los Angeles International Airport (LAX). TSA began collaborating with CBP in 2017 at John F. Kennedy International Airport and expanded testing to LAX in August. CBP’s technology matches facial images to photos in government databases, such as photos obtained from passports or visa applications, to verify identity and reduce reliance on physical documents.

Yemen could be 'worst famine in 100 years' (Sparky1)

It's calling on the military coalition, led by Saudi Arabia, to halt air strikes which are killing civilians, and contributing to what the UN says could become "the worst famine in the world in 100 years".

Yemen's civil war began three years ago, when Houthi rebels, backed by Iran, seized much of the country, including the capital Sanaa.

Facebook Censorship and the Atlantic Council (yogmonster)

One doesn’t need to look far to understand who the Atlantic Council are and what they stand for : it is a think tank essentially funded by NATO, weapons manufacturers, Middle-Eastern oil-state monarchies, billionaires and different branches of the US military. In short, it has been described as being nothing less than NATO’s unofficial propaganda wing. The Atlantic Council doesn’t shy away from its political intents across the world, which can be seen solely by looking at who sits on its directors board – the crème de la crème when it comes to US neocons & war criminals: Henry Kissinger, Condoleezza Rice, Frank Carlucci, James A. Baker, R. George P. Shultz, James Woolsey, Leon Panetta, Colin Powell, Robert Gates, and many more.

PRECIOUS-Gold hovers near 2-1/2 month high as investors seek safe haven refuge (Thomas R.)

The U.S. government closed the 2018 fiscal year $779 billion in the red, its highest deficit in six years, as Republican-led tax cuts pinched revenues and expenses rose on a growing national debt, according to data released on Monday by the Treasury Department.

A guide to pot stocks: What you need to know to invest in cannabis companies (Thomas R.)

All produce thousands of kilograms of weed each quarter, which is critical, as there are dozens of smaller businesses both public and private that have yet to bring products to market. Some of those are expected to die, and some are expected to thrive.

Carbon Pricing Won't Kill Big Oil (Michael S.)

When Norway started to develop its vast oil resources, it had a complete ban on flaring natural gas. Until the huge natural gas pipeline network from offshore to mainland Norway and to northwest Europe was built, Equinor used the natural gas to inject in reservoirs to keep the pressure, the company’s chief economist told Forbes.

Rain, harvest, equities, oil, and USDA updates (newsbuoy)

Crude oil markets have been lower, this week. While a technical downtrend has not come in place yet, if the price decline continues, look for pressure on some agriculture products. On the flip-side for energy, President Trump announced this week that E15 blended gasoline would be available year-round, delivering on a campaign promise to farmers.

Volkswagen hit with $926 million fine over Audi diesel emission cheating (Thomas R.)

In this case, the diesel emissions cheating affected nearly 5 million cars sold by the Volkswagen group in Europe and the United States, prosecutors said. Specifically, it concerned V6 and V8 diesel engines manufactured by Audi and installed in Audi, Volkswagen and Porsche brands, and Audi vehicles equipped with EA 189 and EA 288 engine made by Volkswagen.

Climate change to cause global beer shortage, study says (Sparky1)

"We came up with the term 'luxury essentials,' " Guan said. It refers to any item that's not a necessity (and not for everyone), "but for beer lovers, it is essential."

Hoisting their mugs, the team set a plan in motion. They examined scenarios resulting from climate change and then figured out the impact on global barley yields and beer prices. To accomplish this, they integrated three strategic models: one for climate, one for crops and one for economics.

Most of the Arctic’s permanent ice is gone (Paul D.)

Global warming has created a new normal in the Arctic, with a thinner blanket of sea ice now more susceptible to seasonal variation, according to NASA research. Over the past 60 years, much of the older, thicker ice has disappeared, to be replaced with a mostly younger, thinner version. That means the rate of decrease in ice thickness has slowed, but only because much of the old permanent stuff is gone.

'Hyperalarming' study shows massive insect loss (thc0655)

Insects around the world are in a crisis, according to a small but growing number of long-term studies showing dramatic declines in invertebrate populations. A new report suggests that the problem is more widespread than scientists realized. Huge numbers of bugs have been lost in a pristine national forest in Puerto Rico, the study found, and the forest's insect-eating animals have gone missing, too.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/15/18

Provided daily by the Peak Prosperity Gold & Silver Group

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5 Comments

Wendal's picture
Wendal
Status: Bronze Member (Offline)
Joined: Nov 23 2013
Posts: 32
Time for that second cup? ; )

The excerpted text doesn't match the titles for the last two story entries. "Not that there's anything wrong with that."

Admin:  Fixed.  Thanks!

Time2help's picture
Time2help
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Redacted
Looks like this was already posted.
 
 

 

Wendal's picture
Wendal
Status: Bronze Member (Offline)
Joined: Nov 23 2013
Posts: 32
No problem.

Overall, the DD team does an amazing job. So, "Thank you!!!".

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 755
Turkish report on Khasshogi

Posted on Drudge

Graphic so please don't read if you are sensitive but...sounds like one of those sending a message events. To whom don't know.  If true

https://www.middleeasteye.net/news/exclusive-khashoggi-829291552

Wendal's picture
Wendal
Status: Bronze Member (Offline)
Joined: Nov 23 2013
Posts: 32

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