Daily Digest

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Daily Digest 10/18 - Suspicious Italian Transactions Rise Sharply, Worst Grape Harvest In Decades

Thursday, October 18, 2012, 9:54 AM

Economy

As Far as the Eye Can See: Stagnation (adam)

Hyperinflation would result from a precipitous loss of confidence in the US dollar against some other measure. What is the dollar to be compared to? Europe’s Euro? China’s Yuan? The US has the cleanest dirty shirt. Gold and silver are lightly owned, and much afflicted by the status quo. But still they are greatly feared by the financial engineers. The Anglo-American financial cartel is adamantly opposed to changes in the SDR, or anything else that threatens the dollar currency regime. But it is eroding through bilateral and regional agreement. So things change slowly, for now.

The Invisible Population: What the Unemployment Rate Doesn’t Show (jdargis)

Using evidence from surveys like the Current Population Survey, scholars and analysts were favorably comparing unemployment in the U.S. to other advanced industrialized countries and extolling improvements in the economic well-being of young blacks during the economic boom of the 1990s. All the while, more and more low-skill white and black men were landing in prison or jail. By 2008, a young black man without a high school diploma was more likely to be in prison or jail than to be employed in the paid labor force.

Suspicious Italian transactions rise sharply (westcoastjan)

In 2011, 445 of the suspicious money exchanges were confirmed by investigators to be linked to the mob, the report said, and a quarter of them were transactions made in Lombardy, Italy’s richest region.

“Organized crime is active nationally,” the report said, citing an analysis of the financial transactions linked to the mob.

Why The Global Economy Is In Trouble (David B.)

At the moment, the U.S. is still experiencing a “sugar high” from unprecedented fiscal and monetary stimulus, but when that “sugar high” wears off the hangover will be excruciating. Reckless borrowing, spending and money printing has bought us a brief period of “economic stability”, but our foolish financial decisions will also make our eventual collapse far worse than it might have been. So don’t think for a second that the U.S. will somehow escape the coming global economic crisis. The truth is that before this is all over we will be seen as one of the primary causes of the crisis.

Jordan on Global, U.S. Economies and Budget Deficit (Thomas C.)

John "Jay" Jordan, chairman and founder of Jordan Co., talks about the outlook for the global and U.S. economies, and the U.S. budget deficit and presidential election. He speaks with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart."

Doctors and nurses forced to pick cotton (westcoastjan)

A history of using child and forced labour at harvest time has led to a number of retailers - including H&M, Marks and Spencer and Tesco - to pledge to source their cotton from elsewhere.

Energy

Encouraging Solar Energy to Stand on its Own two Feet (James S.)

It was not supposed to be this way. Solar energy offered the most potential to disintermediate the traditional utility business model with distributed energy alternatives from photovoltaic modules on every roof to concentrated solar thermal options of utility scale. There was enthusiasm for advances in technology that would improve module efficiency, trackers that would follow the sun and soak up its promise, and there were pioneers who stuck their neck out to invent and perfect new solar technologies to improve performance and efficiency. Yet solar energy seems more today than ever like Sisyphus continuing pushing that rock up the hill only to have it roll back down again.

Whistleblower forced investigation of TransCanada pipeline (westcoastjan)

Vokes, 46, had been a machinist and a welder before he returned to the University of Alberta at age 30 to become a metallurgical engineer. Barry Patchett, a retired metallurgy professor, said he knows his former student as an engineer who is technically proficient, honest and responsible.

Environment

Wine experts: worst grape harvest in half century (westcoastjan)

France’s Champagne and Burgundy regions were hard hit by weather conditions that particularly affected the prevalent Chardonnay grape, used to make the world’s most famous sparkling wine and the luxurious whites from those regions.

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3 Comments

Denny Johnson's picture
Denny Johnson
Status: Gold Member (Offline)
Joined: Aug 13 2008
Posts: 348
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Thanks Denny Johnson

Thanks for the repost.

"Moody's warns on German banks"

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Information Rich Keiser Report.

i particularly enjoyed The Keiser Report today. It was information rich. Jim Rickards was on. 

http://www.youtube.com/watch?feature=player_embedded&v=YiRiGw6hpjY

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