Daily Digest

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Daily Digest 12/4 - The Insourcing Boom, How Shale Oil Will Change The World

Tuesday, December 4, 2012, 10:49 AM

Economy

Canada’s job market mismatch puts economy at risk: CIBC (westcoastjan)

It says the health and science fields, natural resources extraction, plumbing, social work, psychology and even the clergy are among the sectors that have openings, but not the people to fill them.

The report says “traditional” occupations such as clerical work, manufacturing labour, teaching and food services are seeing a glut of workers chasing a limited number of jobs.

Chinese ‘nail house’ finally demolished from middle of highway after duck farmer agrees to $41,000 payoff (westcoastjan)

The razing comes a week after images of the house circulated widely online in China, triggering a flurry of domestic and foreign media reports about the latest “nail house,” as buildings that remain standing as their owners resist development are called.

David Rosenberg: Why I am bullish on Canada (westcoastjan)

It’s such an easy story to tell, but what I said at the beginning set the tone. Americans have the most home bias of any group of investors on the planet. They love their greenbacks, and think that dollar bills have the words “in God we trust” printed on them. They are startled when they find out no such words are to be found. At the top, all you see is “Federal Reserve Notes.” In other words, Bernanke Bucks.

The Insourcing Boom (ao)

In the midst of this revival, Immelt made a startling assertion. Writing in Harvard Business Review in March, he declared that outsourcing is “quickly becoming mostly outdated as a business model for GE Appliances.” Just four years after he tried to sell Appliance Park, believing it to be a relic of an era GE had transcended, he’s spending some $800 million to bring the place back to life. “I don’t do that because I run a charity,” he said at a public event in September. “I do that because I think we can do it here and make more money.”

Immelt hasn’t just changed course; he’s pirouetted.

With Some Hospitals Closed After Hurricane, E.R.’s at Others Overflow (VeganD)

Emergency room visits have gone up 25 percent at NewYork-Presybterian/Weill Cornell, which in Bellevue’s absence is the closest high-level trauma center — treating stab wounds, gun wounds, people hit by cars and the like — in Manhattan from 68th Street south. Stretchers holding patients have been lined up like train cars around the nursing station and double-parked in front of stretcher bays.

Who's Not Bargaining In Good Faith? (woodman)

As baby boomers retire and health costs rise, this spending will mount. In 2010, there were 40 million Americans 65 and older. By 2020, that number is projected to be 55 million; by 2030, 72 million.

Energy

How Shale Oil Will Change The World (James S.)

Energy developments in the United States are profound and their effect will be felt well beyond North America — and the energy sector. The recent rebound in US oil and gas production, driven by upstream technologies that are unlocking light tight oil and shale gas resources, is spurring economic activity — with less expensive gas and electricity prices giving industry a competitive edge — and steadily hanging the role of North America in global energy trade. By around 2020, the United States is projected to become the largest global oil producer (overtaking Saudi Arabia until the mid-2020s) and starts to see the impact of new fuel-efficiency measures in transport.

Ottawa dials down support for Northern Gateway pipeline, citing ‘huge challenges’ (westcoastjan)

“We understand there are huge challenges there, and looking at that and how we can deal with it and looking at all the alternatives at the same time.”

It’s a new tone for the minister, who during a visit to Alberta last summer said: “Gateway, in our opinion, is in the national interest.”

Environment

After The Harvest: On A Stretch Of Route 22, Farmers Find Ways To Adapt To A Post-Dairy Economy (jdargis)

Statewide, according to a 2010 report from the state comptroller's office, milk and other dairy products is on the rise, with billions of dollars in revenue accounting for more than half of the state's total agricultural sales. New York State in 2007 was the third largest milk producer in the country. But those farms are further upstate now.

European Farmers Stage Mega Protest (jdargis)

Setting fires and spraying thousands of gallons of milk to protest unsustainable milk prices. Prices which are lower than the cost of production.

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5 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
rhare's picture
rhare
Status: Diamond Member (Offline)
Joined: Mar 30 2009
Posts: 1323
US bills do say In God We Trust.
David Rosenburg wrote:

They love their greenbacks, and think that dollar bills have the words “in God we trust” printed on them. They are startled when they find out no such words are to be found. At the top, all you see is “Federal Reserve Notes.” In other words, Bernanke Bucks.

While he may be right on other things in the article, this is absolutely wrong.  Every US bill has "In God We Trust" printed on the back of the bill near the top above the building (different for each bill).

 

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1517
Ultimate robbery WROL

Here's a shocking view of what can happen when a country collapses WROL (without rule of law).  Scores of robbers armed with firearms and machetes attacked a whole village for money, killing 20 in the process.  Hopefully, this won't happen where we live when our collapse happens.

http://www.reuters.com/video/2012/11/01/suspected-armed-robbers-kill-20-...

rhare's picture
rhare
Status: Diamond Member (Offline)
Joined: Mar 30 2009
Posts: 1323
Nigeria very different than the US
thc0655 wrote:

Here's a shocking view of what can happen when a country collapses WROL (without rule of law).  Scores of robbers armed with firearms and machetes attacked a whole village for money, killing 20 in the process.  Hopefully, this won't happen where we live when our collapse happens.

Unlikely to happen here in the US:

unless you happen to live in Chicago, NYC, or DC, then good luck!

 

Here is a nice study that a better armed populace generaly has lower murder rates.

Harvard Study: Gun Control Is Counterproductive

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Ultimate Robberies, Ultimate Salvation.

How did I guess that this would be my old country, Africa?

My views are hopelessly unfashionable. Then again, Evolution is a random walk. This Civilization thingy could have been a cul-de-sac. But I am  fond of it.

To preserve civilization three things need to happen.

  1. We need another energy source. Chemicals don't cut the mustard.
  2. We need to develop our spacial awareness. There is a direction called UP. We have exhausted the potential of Flatland. The third dimension is the key, But we are running out of the forth dimension too. Dimensions 1,2 and 4 are in short supply.
  3. We need to do what Girls do, have always done, and consider to be their divine right. We need to be picky about what the future of humanity looks like.  Genetic engineering is a fortuitous event. It is being wasted with a lot of hand-wringing anguish. Let me put this delicately. We have a lot of room for improvement.

And lastly the Baby Boomer leaders need to do the right thing. Many of them have lost all flexibility of thought. Their beliefs have become ossified into rigid postures.

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