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Daily Digest 12/1 - Measles Surges In U.S., What Is This Green New Deal Anyway?

Saturday, December 1, 2018, 11:12 AM

Economy

Deutsche Bank Raided in Laundering Probe Going Into 2018 (Sparky1)

“This must be associated with criminal behavior and not just a trivial offense,” said Stefan Mueller chief executive officer of DGWA, an investment advisory boutique based in Frankfurt. He believes the bank will now be paralyzed for months until it becomes clear how it will be affected by new potential fines. “Maybe this time, Achleitner will fall. The bank needs fresh blood to make a radical cut at its management.”

Federal agents raid office of lawyer who previously did tax work for Trump (Sparky1)

Burke's law firm of Klafter & Burke has worked with Trump's companies repeatedly to reduce the property tax that Trump Tower and his other properties in Chicago have had to pay, according to the Sun-Times.

Over his 12 years working for Trump, Burke was allegedly able to cut the property taxes on the downtown tower by more than $14 million.

Bayer cutting 12,000 jobs in wake of Monsanto deal (Sparky1)

Shares in Bayer have dropped by more than a third so far this year, in part because of concerns over the company's exposure to lawsuits involving Roundup, a weedkiller made by Monsanto.

In August, San Francisco jurors awarded $289 million in damages to a former school groundskeeper who said his terminal cancer had been caused by the product.

US ‘Empire of Debt’ will go to war to stop emergence of petro-yuan – Max Keiser (John J.)

Saudi Arabia was pushed to the de-dollarization crowd only recently by the US itself, which, last year, allowed survivors and relatives of the victims of the 9/11 attack to sue the kingdom over its alleged role in the terrorist acts, Keiser stated.

China halts work by team on gene-edited babies (Sparky1)

Although the science holds promise for helping people already born and studies testing that are underway, a statement issued Thursday by the 14-member conference leaders says it's irresponsible to try it on eggs, sperm or embryos except in lab research because not enough is known yet about its risks or safety.

White farmers' legal fight against plans to give their land to black South Africans without compensation is thrown out by country's High Court (thc0655)

Afriforum, which represents mostly white Afrikaners, alleged that the parliamentary committee had illegally appointed an external service provider to compile the report, and also failed to consider more than 100,000 submissions opposing land expropriation without compensation.

Around 65 percent of public submissions were against a change, according to parliamentary officials.

Under Trump, Number Of Uninsured Kids Rose For First Time This Decade (tmn)

While no states made any significant gains in lowering children’s uninsured rate, nine states experienced significant increases. The biggest occurred in South Dakota (up from 4.7 percent to 6.2 percent), Utah (up from 6 percent to 7.3 percent) and Texas (from 9.8 percent to 10.7 percent).

As Measles Surges, ‘Decades of Progress’ Are in Jeopardy (jdargis)

At least 95 percent of a population must have immunity to control the spread of measles, public health officials say. But in several European countries, the figure is 85 percent or less. Health officials have put the blame for the immunity problem partly on parental neglect and the mistaken belief that vaccines can cause autism and other afflictions.

What Is This Green New Deal Anyway? (edelinski)

Climate change and income inequality might seem unrelated. But it’s important that any nationwide economy-boosting program boost the right kind of economy—that is, one that doesn’t depend on polluting the air and water. It’s also going to be hard to persuade the average American that climate change is our most urgent nationwide priority if their social media feed is a constant stream of GoFundMe campaigns for their friends’ medical bills, or they have to sit down and breathe into a paper bag every time they think about whether they can retire before dying first.

We Can Pay For A Green New Deal (edelinski)

Sure, it’ll cost a lot of money. That’s likely to rattle the nerves of self-proclaimed deficit hawks, Democrats and Republicans alike, who will ask the same tired questions: “How will we pay for it?” “What about the deficit and debt?” “Won’t it hurt our economy?” In fact, these questions are already coming, with the eager help of the fossil fuel lobby.

Republican Sen. Mike Lee of Utah recently said that “all the proposals I’ve seen so far… would devastate the U.S. economy.” Sen. Marco Rubio (R-Fla.) says he’s theoretically open to action but adds, “I’m also not going to destroy our economy.”

The Bacteria Lurking in American Showerheads (Sparky1)

The bacteria in biofilms making people sick are species of the genus Mycobacterium. Mycobacteria are different from most waterborne pathogens in that their normal habitat is not the human body. Instead, they live in the pipes themselves and become problematic only when they, quite accidentally from the perspective of their own well-being, make their way into human lungs.

Scientist unveils blueprint to save bees and enrich farmers (John J.)

The need for a change is increasingly evident. More than 80% of food crops require pollination but the populations of insects that do most of this work have collapsed. In Germany, this fall is by up to 75% over the past 25 years. Puerto Rico has seen an even sharper decline. Numbers are not available in most countries, but almost all report an alarming decline.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/29/18

Provided daily by the Peak Prosperity Gold & Silver Group

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