Daily Digest

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Daily Digest 11/3 - G.M. ‘On Track’ To Roll Out Autonomous Vehicles Next Year, Weather 2050

Saturday, November 3, 2018, 3:30 PM

Economy

Stocks jump again, bringing 3-day gain in the Dow to more than 900 points (Thomas R.)

But "as pleasant as the last two sessions have been to experience they do not by themselves indicate that the worst is over," said Michael Shaoul, chairman and CEO of Marketfield Asset Management. "All we can say so far is that Monday's accelerated drop lower found good support for the S&P 500 just above 2,600, and any subsequent retest should at least struggle to penetrate this level."

New York City Joins The “Imminent Bankruptcy” Club (thc0655)

“The city’s $98 billion unfunded liability for retiree health care exceeds the city’s $93 billion of bond debt and $48 billion pension-fund shortfall.” Which means the retiree health care deficit is in addition to the pension shortfall. These are separate problems totalling nearly $150 billion – for one city.

World Dumping US Debt & Hoarding Gold: De-dollarization Explained (MAV)

In a special extended segment, Anya Parampil is joined by In Question producer Kei Pritsker, who explains why Russia, China, India, Japan, Turkey, Venezuela, and Iran have all made moves away from the dollar, including dumping their holdings of US debt and increasing their respective gold reserves.

These 8 retailers can't afford a disappointing 2018 holiday shopping season (Thomas R.)

Flourishing apparel retailers like T.J. Maxx and Marshalls – part of parent company TJX Companies – as well as adaptable specialty chains like Best Buy are proving that retailers can succeed when they cater to their customers. TJX has generated loyal customers with its treasure-hunt-style shopping experience, while Best Buy has nicely integrated its digital and physical stores.

Mary Barra Says G.M. Is ‘on Track’ to Roll Out Autonomous Vehicles Next Year (Thomas R.)

“We’re on track, with our rate of learning, to be able to do that next year,” Ms. Barra said at DealBook’s Playing for the Long Term conference. She added that the company had a strategy to show how its vehicles are safer than human drivers. The vehicles can currently run safely at speeds of up to about 30 miles per hour, and the service will be limited to a small geographical area, Ms. Barra said.

Meet Sophia: The robot who laughs, smiles and frowns just like us (Sparky1)

"We're not fully there yet, but Sophia can represent a number of emotional states, and she can also see emotional expressions on a human face as well," explains David Hanson, the founder of Hanson Robotics.

President Trump has made 6,420 false or misleading claims over 649 days (tmn)

The flood of presidential misinformation has picked up dramatically as the president has barnstormed across the country, holding rallies with his supporters. Each of those rallies usually yields 35 to 45 suspect claims. But the president often has tacked on interviews with local media (in which he repeats the same false statements) and gaggles with the White House press corps before and after his trips.

Midterm elections: How politicians know exactly how you’re going to vote (tmn)

The trove of data goes beyond voter registration information like your name, home address and date of birth. Thanks to an army of data crunchers who marry that information with data you drop at a clothing or automobile site, many candidates often have intimate knowledge of who you are and whether you're likely to support them.

Russia Is Meddling In The Midterms. The White House Just Isn't Talking About It. (tmn)

“The intelligence community, by its very nature, is not always able to go public with what steps they are taking to protect the integrity of our elections. That's where presidential leadership comes in — and unfortunately, we still have a president who remains reluctant to acknowledge the severity of this threat, and refuses to step up to fight it,” Mark Warner, the ranking Democrat on the Senate Intelligence Committee, told BuzzFeed News.

U.S. And OPEC Flood Oil Market Ahead Of Midterms (Michael S.)

That was largely predictable. Top importers of Iranian oil, including India, China and Turkey, could not slash their purchases to zero without incurring a significant economic cost. The U.S. pressed these countries, but ultimately had to back down. “We want to achieve maximum pressure but we don’t want to harm friends and allies either,” U.S. national security adviser John Bolton said on Wednesday. He recognized that some “may not be able to go all the way, all the way to zero immediately.” The admission is notable since Bolton is widely known as one of the most extreme hardliners when it comes to Iran.

How leaky is natural gas production? One puzzle solved (jdargis)

Studies estimating real-world leakage have come in two primary flavors. The first type of study uses what is referred to as a “bottom-up” approach. This involves walking around gas wells and pipeline equipment while measuring leakage. With estimates for each process or type of equipment, you scale up to the big picture based on an inventory of equipment and records of the amount of natural gas produced.

Weather 2050 (Sparky1)

To answer this question, we looked at the average summer high and winter low temperatures in 1,000 cities in the continental US, comparing recorded and modeled temperatures from 1986 to 2015 to projections for 2036 to 2065. This offers us the best possible estimate on how much winters and summers will shift from 2000 to 2050. (More on our methodology here.)

Gold & Silver

Click to read the PM Daily Market Commentary: 11/2/18

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

aggrivated's picture
aggrivated
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 572
Weather 2050

One of the best reads of 2018 for me has been "America's Most Sustainable Cities and Regions: Surviving the 21st Century Megatrends" by John Day and Charles Hall. Dealing with trends in both energy and climate trends the authors visit the narrative of Manifest Destiny and then revisit that dream in light of biophysical economics concluding with a review of how cities and areas should fare in the future in light of that perspective.

Where we each choose to live today will affect the nonretrieveable sunk costs of infrastructure in that area. Placing ourselves in areas that have a better than average outlook in natural resources for the future is one of the best ways to help preserve our planet for future generations.

For example, the city of Ephesus survived many centuries, but the Little Meander River finally silted in its harbor and it collapsed. If you live in a technologically watered desert (LA and Vegas) then the decision is easy. If you live in a coastal flood plain, ditto. Having access to water on dry land in a future temperate climate are key issues.

If you are cosidering relocating a read through this text might be very helpful.

aggrivated's picture
aggrivated
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 572
Weather 2050

One of the best reads of 2018 for me has been "America's Most Sustainable Cities and Regions: Surviving the 21st Century Megatrends" by John Day and Charles Hall. Dealing with trends in both energy and climate trends the authors visit the narrative of Manifest Destiny and then revisit that dream in light of biophysical economics concluding with a review of how cities and areas should fare in the future in light of that perspective.

Where we each choose to live today will affect the nonretrieveable sunk costs of infrastructure in that area. Placing ourselves in areas that have a better than average outlook in natural resources for the future is one of the best ways to help preserve our planet for future generations.

For example, the city of Ephesus survived many centuries, but the Little Meander River finally silted in its harbor and it collapsed. If you live in a technologically watered desert (LA and Vegas) then the decision is easy. If you live in a coastal flood plain, ditto. Having access to water on dry land in a future temperate climate are key issues.

If you are cosidering relocating a read through this text might be very helpful.

aggrivated's picture
aggrivated
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 572
Weather 2050

One of the best reads of 2018 for me has been "America's Most Sustainable Cities and Regions: Surviving the 21st Century Megatrends" by John Day and Charles Hall. Dealing with trends in both energy and climate trends the authors visit the narrative of Manifest Destiny and then revisit that dream in light of biophysical economics concluding with a review of how cities and areas should fare in the future in light of that perspective.

Where we each choose to live today will affect the nonretrieveable sunk costs of infrastructure in that area. Placing ourselves in areas that have a better than average outlook in natural resources for the future is one of the best ways to help preserve our planet for future generations.

For example, the city of Ephesus survived many centuries, but the Little Meander River finally silted in its harbor and it collapsed. If you live in a technologically watered desert (LA and Vegas) then the decision is easy. If you live in a coastal flood plain, ditto. Having access to water on dry land in a future temperate climate are key issues.

If you are cosidering relocating a read through this text might be very helpful.

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