Daily Digest

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Daily Digest 11/2 - Good News Friday: Billionaires Chase 'Holy Grail Of Energy,' What If Everyone Voted?

Friday, November 2, 2018, 10:16 AM

This is Good News Friday, where we find some good economic, energy, and environmental news and share it with PP readers. Please send any positive news to [email protected] with subject header "Good News Friday." We will save and post weekly. Enjoy!

Economy

U.S. Added 250,000 Jobs in October; Unemployment at 3.7% (Thomas R.)

“The underlying fundamentals of the labor market are still really bright, it’s really the strongest part of the broader economy at the moment,” said Michelle Girard, chief United States economist at NatWest Markets.

24 million early-voting ballots already counted, more than 2014 (TS)

Turnout overall is generally lower during midterm elections than presidential elections, but this year the total early vote count six days out is between where it was in 2014 and the over 29 million (29,196,380) early votes that were counted six days out from the presidential election in 2016.

In all of the key states NBC News has been following, early vote counts for so far this year (Arizona, Florida, Georgia, Indiana, Montana, Nevada, Tennessee and Texas), the six-day-out total is higher in than it was in 2014. The national trend toward early voting has been close between the two parties.

What If Everyone Voted? (jdargis)

Many political scientists say that policies that make voting easier would also make American democracy more representative and less likely to favor the interests of wealthier, older and white voters who typically turn out at higher rates. Broader participation, proponents say, could ease polarization, lift faith in government and dampen criticism that politicians representing the views of a minority of Americans wield the majority of power in Washington.

Two Facebook engineers built a tool to cut down on meetings. Now it’s a $900 million company (Thomas R.)

When Moskovitz and Rosenstein first built Tasks, they had few intentions beyond creating a tool to help Facebook’s teams manage their work and cut down on meetings. But it turns out their invention would lay the groundwork for a bonafide company that, a decade later, would be valued at $900 million.

Find Cheaper International Travel Fares Using This Decades-Old Loophole (Thomas R.)

The other aviation freedoms outlined in the treaty deal with things like the right to fly over one country on the way to another, while the fifth allows a carrier to “sell tickets on standalone city-to-city routes in countries that they otherwise wouldn’t be able to operate in,” as long as it’s along a route that originates or ends in the airline’s home country, writes Airfare Watchdog. And that means you might be able to find a bargain on a new carrier:

IRA contribution limit lifted for the first time in six years (Thomas R.)

The limit on annual contributions to an IRA has increased to $6,000 from $5,500 for the 2019 tax year, while the limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased from $18,500 to $19,000.

BMW invests millions in battery pack production to support new Mini electric (Thomas R.)

It will be the last electric vehicle from BMW before their 5th generation electric vehicle powertrain.

While the vehicle will be produced in England and China, BMW’s manufacturing capacity in Germany will support the production with battery packs.

Billionaires Chase ‘SpaceX Moment’ for the Holy Grail of Energy (Adam)

“It’s the SpaceX moment for fusion,” said Christofer Mowry, who runs the Bezos-backed General Fusion Inc. near Vancouver, Canada. He was referring to Elon Musk’s reusable-rocket maker. “If you care about climate change you have to care about the timescale and not just the ultimate solution. Governments aren’t working with the urgency needed.”

‘Electric flying is becoming a reality’, says easyJet CEO as they plan to test 9-seater electric plane next year (Thomas R.)

Considering flights under 300 miles consist of 30% of flights and that Boeing and Airbus sold close to 1,000 of those regional airplanes for about $90 million each last year, it’s definitely a huge market. Even if the starting price is higher, the cost of fuel is such a significant portion of the operating cost for airlines that the return on investment could be quick if the batteries are recharged with cheap electricity.

The world’s largest-ever octopus gathering was just discovered in California (tmn)

“I’ve never in my career come across something like this, where these could potentially be nursery habitats,” King said. He speculates that the octopuses are using that area because the rocks there are especially clean or because the waters are warmer. But since so few brooding conventions have been seen, marine biologists really don’t know exactly how to explain the gatherings in this particular location. “We really don’t know much about the deep sea—we’ve seen less than 1 percent of the world’s deep ocean bottoms. On any particular dive you could be shocked by something,” the scientist told KQED.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/1/18

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."

3 Comments

thc0655's picture
thc0655
Status: Diamond Member (Online)
Joined: Apr 27 2010
Posts: 1692
Central banks and Presidential assassinations

https://m.youtube.com/watch?feature=youtu.be&v=FH5IxkTFM4Y

Helix's picture
Helix
Status: Bronze Member (Offline)
Joined: Sep 20 2008
Posts: 82
Re "Billionaires Chase

Re "Billionaires Chase ‘SpaceX Moment’ for the Holy Grail of Energy

Back in the 1970s, when I still kept abrest of developments in the fusion reactor field, the industry gurus were predicting that a commercially viable reactor was some 30 years off in the future.  I'm heartened to read that industry experts are still predicting a viable reactor about 30 years off in the future.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2872
The Lobby - USA

Watch the film the Israel lobby didn’t want you to see (The Electronic Intifada)

Quote:

"To get unprecedented access to the Israel lobby’s inner workings, undercover reporter “Tony” posed as a pro-Israel volunteer in Washington.

The resulting film exposes the efforts of Israel and its lobbyists to spy on, smear and intimidate US citizens who support Palestinian human rights, especially BDS – the boycott, divestment and sanctions movement.

It shows that Israel’s semi-covert black-ops government agency, the Ministry of Strategic Affairs, is operating this effort in collusion with an extensive network of US-based organizations."

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