Daily Digest

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Daily Digest 1/15 - Germany Wants Its Gold Back, Building The Offices Of Tomorrow

Tuesday, January 15, 2013, 11:39 AM


United Airlines accused of running ‘sham’ jet fuel business to avoid millions in taxes (westcoastjan)

The RTA, which contends the office has no computer and is staffed by one person who only works part time, said consultants visited the site on a recent weekday and found it locked with nobody inside. The agency said judging from the few chairs and empty desks seen through a window, there is little, if any, business occurring in the office.

Greeks Raid Forests In Search Of Wood To Heat Homes (shaggydog)

When confronted, the man broke down in tears, saying he was unemployed and needed the wood to warm the home he shares with his wife and four small children, because he could no longer afford heating oil.

Tens of thousands of trees have disappeared from parks and woodlands this winter across Greece, authorities said, in a worsening problem that has had tragic consequences as the crisis-hit country’s impoverished residents, too broke to pay for electricity or fuel, turn to fireplaces and wood stoves for heat.

It Begins: Bundesbank To Commence Repatriating Gold From New York Fed (Thomas C.)

The German Bundesbank is developing a new approach as to where its gold will be stored. According to exclusive information, to be fully announced on Wednesday, the bank will in the future hold less gold in the New York Fed, and no more hold in Paris (Banque de France). As a result, the distribution of German gold, of which 45% is held in New York, 13% in London, 11% in Paris and 31% in Frankfurt, is about to change.

A Radical Homemaker's Take On Investing (efarmer.ny)

Our culture typically instructs us to think of investing in terms of generating interest, so that we’ll have more money, so that we can invest more money, and eventually have a higher income as a result. It assumes a continual growth of the economy. Bob and I don’t believe our economy can (or should) be in a state of continual growth.

Our family financial goals are different. When we have extra money to invest, we want to use it in a way that will enable us to enjoy a good quality of life in perpetuity, no matter what happens in the mainstream economy, with the weather, and no matter what our annual income happens to be in any given year.

Platinum tops gold; Germany wants its gold back (Suzie G.)

Still, the “unwinding of expectations that the [Federal Reserve] could start removing accommodations as soon as this year” likely contributed to Tuesday’s gains in gold, said Peter Grant, chief market analyst at USAGold. See: Bernanke downplays inflation risk of QE3.

Edible edifice: Building the offices of tomorrow (westcoastjan)

"These buildings will respond to the needs of people, there will be an increased amount of personalisation - you will be in control of the environment and be able to tune it to your needs."

This means your office may look very different indeed in a few years.

Kenyan Oil, Hot and Getting Hotter: Interview with Taipan’s Maxwell Birley (James S.)

Maxwell Birley: There are a couple—or 2 billion--reasons actually. First, two recent discoveries by Tullow in the Tertiary Lokichar basin of Kenya are in similar geological settings as the discoveries also made by Tullow in the Albertine Basin in Uganda, just to the west.

2011: Earth's 11th warmest year; where is the climate headed? (safewrite)

The year 2011 tied with 1997 as the 11th warmest year since records began in 1880, NOAA's National Climatic Data Center said last week. NASA rated 2011 as the 9th warmest on record. Land temperatures were the 8th warmest on record, and ocean temperatures, the 11th warmest. For the Arctic, which has warmed about twice as much as the rest of the planet, 2011 was the warmest year on record (between 64°N and 90°N latitude.) The year 2011 was also the 2nd wettest year over land on record, as evidenced by some of the unprecedented flooding Earth witnessed. The wettest year over land was the previous year, 2010.

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The end of the E-Cat story? Andrea Rossi loses supporters


The end of the E-Cat story? Andrea Rossi loses supporters for his "cold fusion" device

 The story of the E-Cat, the "cold fusion" device proposed by Mr. Andrea Rossi seems to be losing interest everywhere. Yesterday, Jan 14, another of Rossi's supporters, Mr. Daniele Passerini, announced that he is abandoning the fray and closing down his blog, at least for the time being.


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