Daily Digest

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Daily Digest 12/10 - Paris Hit By Wave Of Street Muggings, Signals of a More Open Economy in China

Monday, December 10, 2012, 12:29 PM


School District Owes $1 Billion On $100 Million Loan (Thomas C.)

Lockyer is poring through a database collected by the Los Angeles Times of school districts that have recently used capital appreciation bonds. In total, districts have borrowed about $3 billion to finance new school construction, maintenance and educational materials. But the actual payback on those loans will exceed $16 billion.

Drones In America? They are Already Here... (cmanning)

Like with any new technology, drones can be put to good use or to evil use. Just like nuclear power can harness energy or destroy humanity altogether, drones could do a lot of good, but the problem is that the government is clearly moving more and more towards a surveillance state so we must be extra careful. Stay vigilant.

Operation Delirium (jdargis)

The lawsuit’s argument is in line with broader criticisms of Edgewood: that, whether out of military urgency or scientific dabbling, the Army recklessly endangered the lives of its soldiers—naïve men, mostly, who were deceived or pressured into submitting to the risky experiments. The drugs under review ranged from tear gas and LSD to highly lethal nerve agents, like VX, a substance developed at Edgewood and, later, sought by Saddam Hussein. Ketchum’s specialty was a family of molecules that block a key neurotransmitter, causing delirium. The drugs were known mainly by Army codes, with their true formulas classified. The soldiers were never told what they were given, or what the specific effects might be, and the Army made no effort to track how they did afterward. Edgewood’s most extreme critics raise the spectre of mass injury—a hidden American tragedy.

Welcome To The New Normal: Poor, Not Special, But Here And Not There (westcoastjan)

So how do you navigate that sense of loss, the trauma of changed expectations, the sense that all the things that you once believed you had a right to are now things you are a supplicant for? Because let’s be honest, as offensive as entitlement can be, it has its uses – the sense that something should be some way, that this is totally unacceptable can move mountains. The parents who say “Not good enough, my kid needs the best, most appropriate education for her special needs,” the grownup who says “Not acceptable. We need this fixed today, not three weeks from now,” the person who can demand, more often gets more. In a world of abundant resources, outrage that you are forced to suffer to live with something utterly inadequate is a tool, advocacy is a gift. Knowing when it becomes an abuse, or looks like high-handed entitlement can be hard – and we all have to know when that moment is (if you are yelling at waitresses or anyone with LESS power than you, btw, that’s a clue).

Paris hit by wave of street muggings and grave robberies (Thomas C.)

Even closer to the city centre, a metalworker was gunned down last Wednesday when he fought back against motorbike helmet-clad thieves trying to break into the gold workshop where had been employed for 36 years.

A neighbour said she heard him shout: "I haven't got the keys!" before chasing the attackers and being shot.

Signals of a More Open Economy in China (jdargis)

"Reform and opening up is a guiding policy that the Communist Party must stick to,” Mr. Xi said, according to Phoenix Television, one of several Hong Kong news organizations that covered the trip. “We must keep to this correct path. We must stay unwavering on the road to a prosperous country and people, and there must be new pioneering.”

Homeless Rates in U.S. Held Level Amid Recession, Study Says, but Big Gains Are Elusive (jdargis)

In 2010, the United States Interagency Council on Homelessness announced a plan to end homelessness, starting with the most vulnerable populations. The goals included ending chronic and veteran homelessness by 2015, and ending homelessness among families, the young and children by 2020.

“They have set ambitious goals for themselves, but I don’t think those are goals that aren’t doable,” said Nan Roman, the president of the National Alliance to End Homelessness. “But not at the rate that we’re going.”

How Energy Leveraging has Increased Global Unemployment (James S.)

Petroleum is a second form of energy. It is the second most expensive form of energy, after human energy. Its supply on a world basis is constrained (Figure 1, below). Crude oil supply is only growing at a rate of about 0.3% per year on a worldwide basis. While the growth in extraction in the US temporarily higher than the world average, it is not of sufficient in quantity to offset big declines elsewhere, such as in Europe.

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US Intelligence Agencies see a different world in 2030

“We are at a critical juncture in human history, which could lead to widely contrasting futures,” Council Chairman Christopher Kojm writes in the report. New technologies, dwindling resources and explosive population growth in the next 18 years will alter the global balance of power and trigger radical economic and political changes at a speed unprecedented in modern history, says a new report by the U.S. intelligence community. http://www.bloomberg.com/news/2012-12-10/u-s-intelligence-agencies-see-a...

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Arthur Robey
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A Change of Plan.

Hmm. The silver market has begun to behave differently. It seems the HFT manipulation has been moved from New York to Hong Kong. Let us see what tomorrow brings.

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