Daily Digest

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Daily Digest 11/26 - No Refuge For Investors, Visualizing U.S. Poverty

Monday, November 26, 2018, 10:20 AM

Economy

Visualizing the Poverty Rate of Each U.S. State (thc0655)

Since the recent peak in 2012, poverty has decreased by an average of 2.1% per state – in fact, over the 2012-2017 time period, there were only three states that did not see a reduction in poverty levels: Alaska, Delaware, and West Virginia.

Using the longer time window, however, you’ll see that poverty rates have actually risen by 3.0% on average since 2008. Today, not a single state has a lower poverty rate than it did in 2008.

Blockbuster Cyber Monday Is Overshadowed by Economic Outlook (Thomas R.)

Even a blockbuster holiday won’t divert the market’s attention from rising interest rates next year and the escalating trade war between the U.S. and China that’s expected to slow global economic growth. U.S. President Donald Trump in September imposed 10 percent tariffs on approximately $200 billion worth of Chinese imports and plans to raise the levy to 25 percent in January, which will drive prices higher.

Why the IMF will use the ACC and SDR to Capture Wealth (Sparky1)

A couple of weeks ago, a viewer sent her a link to ACChain, a new crypto currency whose key focus is digitizing physical assets and holding that title inside the SDR. Lynette believes this is the test in that transition.

San Diego border crossing shut down after migrants try entering U.S. (Thomas R.)

The shutdown came after hundreds of migrants — many whom are fleeing violence in Central America — assembled Sunday morning on the Mexican side of the border. American military helicopters buzzed overhead as hundreds of Mexican federal police officers blocked the migrants from entering San Ysidro.

US authorities fire tear gas to disperse migrants at border (Sparky1)

As the migrants tried to cross the border, authorities on the US side used tear gas to disperse them, the journalists said. Video of the scene showed a cloud of tear gas that sent people running and screaming, including families with young children.

US Customs and Border Protection said the migrants threw projectiles that struck several agents.

Ukraine says Russia opened fire on its naval vessels, seized them (Sparky1)

The Ukrainian Navy says its ships were planning to enter the Kerch Strait to access the city of Mariupol before they were fired upon by Russian forces. The strait connects the Azov Sea with the Black Sea and runs between the Crimean Peninsula and Russia. It's a shallow, narrow stretch of water just two to three miles (3.2 to 4.8 kilometers) wide at one point near the Chuska landspit.

No Refuge for Investors as 2018 Rout Sends Stocks, Bonds, Oil Lower (sign-in required, Thomas R.)

Stocks, bonds and commodities from copper to crude oil to burlap are staging a rare simultaneous retreat, putting global markets on track for one of their worst years on record and deepening a sense of unease on Wall Street.

Why central bank digital currencies will destroy bitcoin (Sparky1)

Nonetheless, starry eyed crypto-fanatics have seized on policymakers’ consideration of CBDCs as proof that even central banks need blockchain or crypto to enter the digital-currency game. This is nonsense. If anything, CBDCs would likely replace all private digital payment systems, regardless of whether they are connected to traditional bank accounts or cryptocurrencies.

IMF Reveals That Cryptocurrency Is The New World Order End Game (Sparky1)

The only attributes that truly made bitcoin valuable were its branding and the amount of hype that was generated around it. But branding and hype are not enough to sustain a currency revolution. There was one other valuable characteristic — the supposed anonymity. In 2009, it was not clear whether this was legitimate. Today we now know that ANY cryptocurrency that is based on a blockchain ledger is highly traceable. There are no anonymous digital transactions no matter how savvy a person thinks they are.

Bitcoin recovers above $4,000 after dropping to over one-year low (Thomas R.)

In mid-November, the Securities and Exchange Commission handed down its first civil penalties against a cryptocurrency company. Both CarrierEQ, which does business as Airfox, and Paragon Coin settled with the agency for registration violations as part of a wider SEC crackdown on fraud and abuse in the industry.

Here's Why 43% of Millennials Are in Trouble for Retirement (Thomas R.)

If there's one thing you have going for you as a millennial, it's time, and if you take steps to improve your savings today, there's a good chance you'll amass more than enough of a nest egg to live the retirement lifestyle you want. Let's imagine you're 35 years old with absolutely no money in long-term savings -- not a great place to be financially. Here's what you stand to retire with if you start making an effort to do better immediately:

Good information on Social Security can be hard to find — here are some reliable sources (Thomas R.)

AARP: Retiree and senior interest group AARP recently launched a Social Security Resource Center, where you can find information about when you should collect your benefits. You'll also find all kind of answers to tax and work-related questions.

4 Things You Can Do Today for a Happier Retirement (Thomas R.)

As this example shows, even a small contribution can make a big difference in the size of your nest egg. Look at how much you're currently contributing to your retirement accounts and see if you can afford to raise it, even if it's just by a single percent per paycheck. You may not even notice the extra coming out of your paycheck each month, but you'll notice the difference it makes in your retirement savings over time.

Ebola in Congo now infecting newborn babies, UN says (thc0655)

The increasing number of cases in children and health workers — 39 health workers have been infected to date — suggests outbreak responders are having major problems stopping the virus in health clinics and convincing people to seek help when they develop symptoms. This is the first time this part of Congo has faced an Ebola outbreak.

Proposed Text Message Rules Echo The Fight Over Net Neutrality (Sparky1)

The FCC wants to regulate text messages just as it did broadband internet — and rights groups are worried it could erode consumer protections, too.

Cape Town, South Africa- TEOTWAWKI, by Greg (thc0655)

During the winter of 2016, El Niño built in the southern oceans, rainfall was a little less than normal, and dam levels dropped to uncomfortable levels. Nobody paid attention to this, and the political situation in South Africa continued its steady decline into a banana republic. At that time, Cape Town, with its provincial government being the only honest well-run local government, was doing a good job of maintaining services, keeping business going, and stimulating job creation.

Shale Boom Raises Specter of New Glut: Gulf Coast Oil Terminals (Thomas R.)

Within 18 months, new pipelines opening in the nation’s most prolific shale basin promise to carry an added 2 million barrels of oil a day to the Gulf Coast. But the extra crude will arrive at a time when existing terminals in the Corpus Christi area can already offer only about 300,000 barrels a day of unused capacity.

Colorado Embraces EV Tar Baby (thc0655)

Colorado’s Air Quality Control Commission – the Golem-like facsimile of California’s Air Resources Board (CARB) – decreed these new “emissions” standards for light- and medium-duty motor vehicles sold in Colorado beginning with the 2022 model year.

In other words, for both cars and trucks.

Peter Foster: Another report reluctantly admits that ‘green’ energy is a disastrous flop (thc0655)

Supply isn’t the only area where expensive and unreliable wind and solar need to be accommodated. There is also “demand flexibility.” This includes having solar panels installed on your roof, or adopting — or being forced to adopt — “smart meters,” which can monitor a household’s electricity usage in minute-by-minute detail. According to the report, “The spreading of rooftop solar PV (photovoltaics) and the falling costs of digital technologies, combined with affordable wind and solar power options, are creating a host of new opportunities that enable consumers to take a more active role in meeting their own energy needs.”

Hundreds of apparently 'flash-frozen' turtles wash ashore in New England (Sparky1)

The number of stranded turtles has already surpassed what is considered normal for the season. Prescott told the Times that at least 219 turtles washed ashore from Wednesday to Friday on Cape Cod beaches. He told CNN 173 of those turtles had died.

A Warming Climate Brings New Crops to Frigid Zones (sign-in required, Thomas R.)

Upper Alberta is bitter cold much of the year, and remote. Not much grows other than the spruce and poplar that spread out a hundred miles around Highway 88 north toward La Crete. Signs warn drivers to watch for moose and make sure their gas tanks are filled. Farms have produced mostly wheat, canola and barley. Summers were so short farmer Dicky Driedger used to tease his wife about wasting garden space growing corn.

A Financial Tsunami has Reached America’s Farmers… But Not All in the Same Way (Harn S.)

While the administration has promised a $12 billion bailout to farmers as a fig leaf for the damage done by the trade war, many farmers expect it to be too little too late. As reported by the AP, according to Daniel Weinand, a farmer in North Dakota, this could be the death knell for his farm. As a grower of conventional corn, yellow peas and canola on 900 acres of rented land, he qualifies for a penny per bushel for his corn losses. "A penny a bushel on corn, it's not that it's entirely worthless. But it almost is," he said. "I don't know how many more years I can weather."

Norway Becomes World’s First Country to Ban Deforestation (Adam)

Beef, palm oil, soy and wood products in Argentina, Bolivia, Brazil, Paraguay, Indonesia, Malaysia and Papau New Guinea were responsible for 40 percent of deforestation between 2000 and 2011. Those seven countries were also responsible for 44 percent of carbon emissions, Climate Action reported.

Salt stress: Road salt prices higher as winter looms (Thomas R.)

The increases are frustrating to local officials who are locked into tight budgets. Some highway superintendents say they could choose to make their salt supplies last by mixing in more sand, which is cheaper. And others say it could force them to defer other road projects. But they can't stop salting slick roads.

Agriculture: Steps to sustainable livestock (robie robinson)

Crop and livestock farming complement each other2. Half the world's food comes from farms that raise both. Animals pull ploughs and carts, and their manure fertilizes crops, which supply post-harvest residues to livestock. But efforts to maximize yields of milk and meat can disrupt finely balanced systems. The quest for 'intensification' in livestock farming has thundered ahead with little regard for sustainability and overall efficiency (the net amount of food produced in terms of inputs such as land and water). With animal protein set to remain part of the food supply, we must pursue sustainable intensification and figure out how to keep livestock in ways that work best for individuals, communities and the planet.

More than 140 pilot whales dead after mass stranding in New Zealand (Sparky1)

The DOC also announced that it was working with a local Maori tribe on the "next steps." In New Zealand, Maori groups are often involved in dismantling and burying the remains of beached whales in accordance with indigenous traditions.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/23/18

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."

5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4237
GRAPHIC-Foreign buyers find US Treasuries less appealing

GRAPHIC-Foreign buyers find US Treasuries less appealing

Reuters-3 hours ago
Top foreign holders of Treasuries like China and Japan have shrunk their portfolios of U.S. government bonds this year, and a recent barometer of participation ...

Fixing GE's massive debt pile is 'critical' to corporate America, analyst ...

CNBC-3 hours ago
Total U.S. corporate debt has swelled from nearly $4.9 trillion in 2007, when the global financial crisis was becoming apparent, to nearly $9.1 trillion halfway ...

Chinese Companies' Dollar Debts Reach Tipping Point

The Epoch Times-19 hours ago
Domestic debt has long been an issue for the Chinese economy. ... Defaults on dollar-denominated Chinese bonds stood at $3.4 billion in the first 10 months of ...

US Pension Funds Turn to Riskier Real-Estate Bets

Wall Street Journal-4 hours ago
U.S. public pension funds are taking on more real estate, and at times some of the riskiest ... Estimates of governments' combined unfunded promises to workers ...

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4237
News from Elon Musk/Neuralink

Elon Musk promises 'matrix' system to link human brains with AI ...

Daily Mail-2 hours ago
Musk's latest company, Neuralink, is developing technology that could connect human ... ready to merge human brains with machines 'within the next decade' ...

Elon Musk shares his terrifying vision of 'assassin drones'
MarketWatch-2 hours ago

Some music to listen to while reading the above news:

Uncletommy's picture
Uncletommy
Status: Platinum Member (Offline)
Joined: May 3 2014
Posts: 633
How gullible can some folks be?

Obviously, pretty gullible! One way to stem the tide of immigrants. Give 'em jobs in Mexico! 

https://fox5sandiego.com/2018/11/26/gm-to-slash-staff-shut-down-5-plants-in-north-america/

VeganDB12's picture
VeganDB12
Status: Platinum Member (Offline)
Joined: Jul 18 2008
Posts: 757
the only thing missing in the current AI brain interface

Is the wires.....and do they really need them?

https://www.govexec.com/technology/2017/05/military-using-human-brain-wa...

https://www.inverse.com/article/26318-building-8-facebook-brain-waves-sc...

etc....

Photons impacting retina and sound pulses impacting the auditory nerve in your ear and even the brain itself are machine brain interfaces.  People know that but don't always understand how powerful that connection can be. I know, thank you Captain Obvious

Anything for a buck. 

sand_puppy's picture
sand_puppy
Status: Diamond Member (Online)
Joined: Apr 13 2011
Posts: 2035
Putin Organized the Paris Riots

Pretty much whenever anything happens that those in power don't like you can be sure that it was that Putin was behind it. 

This evidence was posted at The Saker.

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