Daily Digest

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Daily Digest 2/28 - Oil Dangerous In The Wrong Hands, The Coming Water Wars

Thursday, February 28, 2013, 10:07 AM

Economy

Negative interest rates idea floated by Bank's Paul Tucker (Nervous Nelly)

During that meeting other policy measures discussed included buying assets other than government bonds. It also considered reducing the Bank rate, which is currently 0.5%, and is the rate which directly influences mortgage and loan rates.

Alternative Currency Goes Mainstream As Bitcoin ATMs Emerge (westcoastjan)

Zach Harvey has an ambitious plan to accelerate adoption of the Internet’s favorite alternative currency: installing in thousands of bars, restaurants, and grocery stores ATMs that will let you buy Bitcoins anonymously.

It’s the opposite of a traditional automated teller that dispenses currency. Instead, these Bitcoin ATMs will accept dollar bills — using the same validation mechanism as vending machines — and instantly convert the amount to Bitcoins and deposit the result in your account.

CMHC seeking to hide foreclosure information from home buyers (westcoastjan)

The Quebec Federation of Real Estate Boards, which oversees the 12 real estate boards in the province, says it challenged CMHC about the change requiring them not to report on a detail sheet that properties for sale were part of a foreclosure, despite the fact that information is considered mandatory when loaded by brokers onto the selling system of local boards.

U.S. hides real debt, in worse shape than Greece (Arthur Robey)

The US national debt is twenty times higher than is officially reported, approaching $222 trillion, and today's children could soon be paying their parent's debts, reputed American economist Laurence Kotlikoff told RT.

From the Schoolhouse to the Factory Floor, Girding for Cuts (jdargis)

“I cannot in good conscience spend some of our limited resources to host an open house while the Defense Department considers potential civilian furloughs,” Brig. Gen. Michael Rothstein, the commander of the 56th Fighter Wing at Luke, said in announcing the show’s cancellation.

The cuts have already led to the postponement of repairs to nonmission equipment and of flying that is not specific to pilot training.

Among Philly teachers, anger and dismay at contract offer (Thomas C.)

Some said they viewed the proposals only as a stark lowball and a wake-up call to set the tone for negotiations, with such items as an end to guaranteed provisions for water fountains and desks for teachers. Others said they took them very seriously.

Energy

Canada could face massive hurdles in move to build $50B methane superhighway (westcoastjan)

The infrastructure tab has inspired in B.C. premier Christy Clark visions of an oil sands-sized opportunity for her province. By 2020, the B.C. government anticipates three LNG export facilities could pump more than $20-billion into the provincial economy, generate 9,000 new construction jobs and more than $1-billion a year of additional revenue.

Biofuel Breakthrough? Scientists Modify Plants to Store Oil in Leaves (James S.)

“Many researchers are trying to enhance plants’ energy density, and this is another way of approaching it,” Benning says. “It’s a proof-of-concept that could be used to boost plants’ oil production for biofuel use as well as improve the nutrition levels of animal feed.”

Canada, pushed to role of ‘junior partner’, rises to Keystone challenge (westcoastjan)

The Canadian Association of Petroleum Producers is doubling down with its own rounds in Washington this week. The oil lobby group is being accompanied by several oil sands CEOs in meetings on Capitol Hill.

Oil, Much as Weapons, is Dangerous in the Wrong Hands (James S.)

However, the sultan’s son, Qaboos, educated at Britain’s prestigious Sandhurst Royal Military Academy, overthrew his father in a palace coup in 1970, and using money that had started to pour in from oil sales, began to modernize the country.

Energy debates confuse price with true costs (TOF)

The “cow pie subsidy” can be shown in all areas of our energy economy. Here are some examples from the coal industry. West Virginia University researchers found that citizens living in coal mining towns have a one-third greater incidence of high blood pressure, two-thirds higher risk for developing chronic obstructive pulmonary disease (COPD), and more than two-thirds higher risk of developing kidney disease. The birth defect rate in areas where mountain top coal removal is done was 235 per 10,000 live births, compared to 144 in non-mining areas, according to a separate study done in 2011 by Washington State University. This is a cost paid by these victims so that the price the rest of us pay for coal-fired electricity is kept low.

Environment

'Behind The Brands' Oxfam Report Evaluates Social, Environmental Impacts Of World's Largest Food Companies (westcoastjan)

The report doesn't paint a very encouraging portrait of the global food system. The companies were scored from 1 to 10 in the seven aforementioned categories, for a possible total of 70 points. No company received higher than a score of 7 in any category, and three companies -- Associated British Food, Kellogg and Mondelez -- never scored higher than a 4. The highest overall score went to Nestle, with 38 points (54 percent). The lowest overall score went to Associated British Food with 13 points (19 percent).

Reaching For The Heart Of Spring (westcoastjan)

Every change of season has its lessons, but spring, with its palpable reversal of nature's energy, seems to teach the most. Our poets, whose sensibilities are more refined than most, often approach spring as if engaging a great mystery: Peering intently into the depths of the well of rebirth, they reach for its truest meaning and distill it down to the essence of what they have learned in that encounter. What follows is a small sampling of such lessons gleaned from spring by four of our renowned poets.

Kelly McParland: Study uncovers massive global yawn over global warming (westcoastjan)

In the United States in particular, only 3.6 percent of the people surveyed selected the environment as the nation’s most pressing issue. Yet the survey didn’t just ask about general environmental concern; it also asked questions about particular problems such as global climate change and air pollution. Yet even these issues failed to raise concern.

Space-based solar farms power up (westcoastjan)

But not everyone shares Mankins' optimism. Space-based solar power (SBSP) is a topic that divides the scientific world into extremes. On one side are people like Mankins who believe it is the only solution to our ever increasing energy demands, whilst on the other is a sizeable chunk of the scientific community who believe any money put into solar power should remain firmly on the ground.

The Coming Water Wars (Suzie G.)

However it got here – theories abound from outgassing of volcanic eruptions to deposits by passing comets and ancient crossed orbits – water is what gives our planet its lovely, unique blue tint, and there appears to be quite a lot of it.

That old axiom that the earth is 75% water... not quite. In reality, water constitutes only 0.07% of the earth by mass, or 0.4% by volume.

Gold & Silver

Click to read the Gold & Silver Digest: 2/27/13

Provided daily by the Peak Prosperity Gold & Silver Group

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

4 Comments

saxplayer00o1's picture
saxplayer00o1
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Tall's picture
Tall
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Opinion: A child sees through the emperor's new pipeline

I often learn more from answering my six-year-old son's endless questions than he does. But he stumped me recently when – after quizzing me about what I was reading – he asked why some people want to build the Keystone XL TransCanada pipeline to pump tar sands oil from Alberta to the Texas coast.

Like most, I thought this pipeline was just another fight between an oil company and environmentalists (yawn) until my son insisted I learn something.

http://wwwp.dailyclimate.org/tdc-newsroom/2013/02/keystone-tar-sands-pro...

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4060
Europe stocks gain on Bernanke, Draghi comments

 

 

"European stocks ended February with a ninth straight monthly gain on Thursday, a day after Ben Bernanke, head of the U.S. Federal Reserve, and Mario Draghi, head of the European Central Bank, both signaled they would stick to current easing policies."

 

 

 

goldrunner1's picture
goldrunner1
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Joined: Apr 20 2009
Posts: 27
Alternative Currency Goes Mainstream

Something doesn't strike me right about  bitcoin. I've watched several times as TPTB crushed anything that looked like it might compete with their fiat franchise, including our lovely precious metals. Wasn't there a case a couple of years ago where a businessman in the US tried to pay his workers with precious metals and received a real hard prison sentence. Something about alternative currencies or payment methods. Sorry for my vagueness on this. If infact bitcoin is being promoted as an alternative why aren't TPTB all over it? Are they just going to give up their fiat franchise and let bitcoin compete with them. Somethings amiss here.

My spider senses are tingling....

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