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Daily Digest 6/15 - Ghosts Of Shopping Past, Coal Industry Pins Hopes On Exports

Saturday, June 15, 2013, 9:28 AM


US Silver Eagle Sales Best First Half Year Ever (Taki T.)

The most plausible explanation for this trend is that people (in this case retail investors) realize the dangers and severity of the ongoing crisis, and seek some form of “safety” (whatever that means in a centrally managed economy). Silver being “poor man’s gold” is more affordable to the retail public. The ironic fact is that prices have been declining, and that they could still go lower. At the same time, the monetary protection from the metal(s) has never been more required. We should start accepting that such a disconnect is part of “the new normal” we are living in.

Google launches Internet-beaming balloons (Arthur Robey)

The first person to get Google Balloon Internet access this week was Charles Nimmo, a farmer and entrepreneur in the small town of Leeston. He found the experience a little bemusing after he was one of 50 locals who signed up to be a tester for a project that was so secret, no one would explain to them what was happening. Technicians came to the volunteers' homes and attached to the outside walls bright red receivers the size of basketballs and resembling giant Google map pins.

Justices, 9-0, Bar Patenting Human Genes (jdargis)

The course of scientific research and medical testing in other fields will also be shaped by the court’s ruling, which drew a sharp distinction between DNA that appears in nature and synthetic DNA created in the laboratory. That distinction may alter the sort of research and development conducted by the businesses that invest in the expensive work of understanding genetic material.

After Patent Ruling, Availability of Gene Tests Could Broaden (jdargis)

Still, biotechnology industry officials and patent lawyers said on Thursday that the decision should have little effect on the pharmaceutical industry and on developers of genetically engineered crops. That is partly because while the court held that isolated DNA could not be patented because it is a natural product, it did allow patenting of a more synthetic form of DNA that is more commercially valuable.

The Number: 2.5% (jdargis)

There’s a popular calculus attached to public-sector employment. It holds that state or local public employees, like police officers and teachers, exchange job security for money; they may make less than private-sector workers, but they’re less likely to lose their jobs.

Ghosts Of Shopping Past (jdargis)

Landscaping overgrows, walls develop mildew, ceilings cave in—a building can be shut down, but that doesn’t make it go away. Brian Ulrich’s photographs of closed-down malls and big-box retail stores reveal the potential ghost towns lying inside successful shopping complexes all across America.

Coal Industry Pins Hopes on Exports as U.S. Market Shrinks (jdargis)

The future of the impoverished Crow Nation may also hang in the balance since it owns an enormous deposit of up to 1.4 billion tons of coal — more than the United States produces in a year. But before Cloud Peak can mine the land and send the coal to energy-hungry nations in Asia, it needs more export terminals to be built in the Pacific Northwest, and those have been delayed or, in some cases, scuttled after investors grew weary of the continued opposition from environmental groups.

Strange, Glowing Night Clouds Continue to Spread (jdargis)

As polar regions warm in the summer months, water vapor is driven to higher levels of Earth’s atmosphere. There, small dust particles left over from burning meteors, volcanic eruptions, or even rocket launches act as seeds for ice formation. Transparent in broad daylight, these crystalline clouds become visible in twilight hours, reflecting the sun’s rays from below the horizon. They float so high in the atmosphere that they can even glow in the dead of night. Normally such nocturnal cloud sightings peak when the sun is at its 11-year minimum. This year marks exactly the opposite, a predicted solar maximum.

Gold & Silver

Click to read the Gold & Silver Digest: 6/14/13

Provided daily by the Peak Prosperity Gold & Silver Group

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