Daily Digest 2/22 - Crunched Consumers Are Cutting Back, How Bees And Flowers Communicate
Crunched Consumers Are Cutting Back (Nervous Nelly)
The environment has made consumers more cautious when it comes to highly discretionary purchases like clothes or eating out, said Sarah Quinlan, senior vice president for market insights at MasterCard Advisors.
Arizonans who fear the federal government will make their folding money worthless may soon be able to substitute privately minted gold and silver coins.
The Senate Finance Committee on Wednesday took the first steps to making such coins legal tender in Arizona. SB1439 would give them the same legal status as bills and coins authorized by Congress."
Earlier this week, satellite images indicated renewed activity at a North Korean nuclear site where a test was launched in early December. On 12 December, North Korea launched a long-range rocket putting a satellite into orbit. This is a major success for North Korea and few others have achieved it. (South Korea responded by successfully launching its own satellite into orbit for the first time in late January.)
Royal Bank joins TD bracing for loan slowdown (westcoastjan)
Royal Bank of Canada, which is trading near an all-time high, Toronto-Dominion Bank and the country’s four other main lenders are expected to post a 6.9% increase in per-share profit excluding some items for the quarter ended Jan. 31, according to Darko Mihelic, an analyst at Cormark Securities Inc. in Toronto.
A Zambian miner was charged with the murder of a Chinese supervisor at the Collum mine last year. In 2010, Chinese managers were accused of firing on protesting miners.
Australian gas giant eyes partnerships in Canada (westcoastjan)
“There is potential to add value in Canada,” Mark Wiseman, a Sydney-based analyst at Goldman Sachs Australia Pty said Friday in an e-mail response to questions. “
“Those projects will likely be toward the upper end of the LNG cost curve. They won’t be cheap, and may face delays. But with strong demand growth in the Asian market, several Canadian projects should find a home.”
NASA's Basement Nuclear Reactor (Jason C.)
Currently, nuclear power means one of two approaches. There’s fission, which involves splitting atoms of uranium or plutonium to release energy, and is employed in all military and civilian nuclear plants. Then there’s fusion, which involves forcing together hydrogen atoms to form helium and releasing even more energy. The former has been controversial for decades while the latter has been in the research phase since the 1950s, and is still as far away from practical application now as it was then.
The City of Long Beach Department of Oil Properties described the scene: “the ocean inundated wharves, rail lines and pipelines were warped or sheared, while buildings and streets were cracked and displaced.”
Eventually engineers halted the subsidence by injecting water into the reservoir as extraction occurred in order to maintain the pressure.
The discovery of such electric detection has opened up a whole new understanding of insect perception and flower communication. Dr. Heather Whitney, a co-author of the study commented: "This novel communication channel reveals how flowers can potentially inform their pollinators about the honest status of their precious nectar and pollen reserves". Professor Robert said: "the last thing a flower wants is to attract a bee and then fail to provide nectar; a lesson in honest advertising since bees are good learners and would soon lose interest in such unrewarding flower".
Couture was initially charged in a sealed complaint in November 2011 and the complaint was unsealed after he was indicted last week. Each count carries a maximum penalty of three years in prison and a $250,000 fine.
Gold & Silver
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