Daily Digest

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Daily Digest 7/4 - The End Of Car Culture, How Steel Changed The World

Thursday, July 4, 2013, 10:47 AM

Economy

Inflation, Deflation, or Discontinuity? (Wendy SD)

I see things differently. I think the issue ahead is deflation for commodities as well as for other types of assets. At some point, deflation may “morph” into discontinuity. It is the fact that price falls too low that will ultimately cut off oil production, not the lack of oil in the ground.

How Steel Changed The World (Meilen)

Steel is everywhere! It’s used in cars, used for building contruction and even our knives and forks! Which is why we made this infographic. We look at steel through the ages and show you how it really has revolutionised our lives.

How To Get Away From Everyday Technology (westcoastjan)

"So by placing light sources near the dark parts of the face, we've succeeded in cancelling face detection characteristics, making face detection fail."

Prof Echizen is also developing visors that contain reflective material or absorb light to inhibit cameras that do not rely on infra-red.

Downtown apartment dwellers unplug from the grid (westcoastjan)

The pair are documenting the changes they've made to their lifestyle, including experiments with a solar shower, a solar oven, and worm composting, in photos and comments on their Facebook page and a series of weekly YouTube videos, which include a demonstration of how they do their laundry in the bathtub with a bar of soap.

Loan Practices of China’s Banks Raising Concern (Nervous Nelly)

Analysts warn that shadow banking is helping drive the rapid growth of credit in a weakening economy, which could lead to — in the worst situation — a series of bank failures. “This is the biggest uncertainty I’ve seen in my 18 years following the China market,” Dong Tao, an economist at Credit Suisse, said of shadow banking. “You don’t know how banks are deploying capital. And you don’t know the credit risks.”

The End Of Car Culture (Amanda)

If the pattern persists — and many sociologists believe it will — it will have beneficial implications for carbon emissions and the environment, since transportation is the second largest source of America’s emissions, just behind power plants. But it could have negative implications for the car industry. Indeed, companies like Ford and Mercedes are already rebranding themselves “mobility” companies with a broader product range beyond the personal vehicle.

Gold Has A New Daily Up Cycle In Place (Taki T.)

As for the future state of this bear market, again I plead “partial” ignorance. That’s a position I’m happy to take as I’ve experienced enough of these types of markets to know that you just can’t fight the tape. Big bear markets end with true capitulation on an avalanche of selling. Sentiment reaches such extremes that even the most hardened bulls openly question their established belief system. Bears launch into a tirade of articles and publicity boasting how they called and profited from the move. By the end of the bear market, it just seems as if the asset is “dead in the water”.

What Happens in Detroit Won’t Stay in Detroit (Wendy SD)

Orr is now negotiating a reorganization plan with unions, creditors and bond insurers. If those talks fail, Detroit could become the largest city in U.S. history to file for Chapter 9 bankruptcy protection. The unions should strive to make a deal before that happens, even if it means forcing retirees to take substantial pension and benefit cuts. State taxpayers should recognize that it’s in their best interests to help those retirees out. And Orr must avoid unduly violating bondholders’ trust. The consequences of failure could reach well beyond Detroit.

Tinned tuna or shaved turkey? Shopping for the end of the world (westcoastjan)

The next morning, my chest falls as we turn onto the street that leads to the grocery store parking lot. It is full of cars waiting to make the turn, too. We creep along. The lot is full and vehicles are patrolling the rows, marauders looking for an empty space. It’s like trying to grab a spot at the mall at Christmas. I sggest that maybe we can park on the road and walk. I get the icy stare that says, “If I am going to go into that fray for you and the kids, I am not going to walk to a car on a street.”

This Thorium Reactor Has the Power of a Norse God (Wendy SD)

The Uranium-235 and -238 we use in modern nuclear fission reactors are humanity's single most energy-dense fuel source (1,546,000,000 MJ/L), but that potent power potential comes at a steep price—and not just during natural disasters. Its radioactive plutonium byproducts remain lethally irradiated for millennia. That's why one pioneering Nordic company is developing an alternative fuel that doesn't produce it.

Want to Defend Your Privacy? (Chris M.)

But what about personal electronic communications—a concept that could hardly have existed in the 18th century. Should they also be secure? That's the question before us as a society. It's been a big one for a long time now, even though it only makes the front pages when an Edward Snowden type appears.

Canadians see misconduct in workplace, but few are reported: study (westcoastjan)

A solid majority of respondents, 69%, said they did not report the wrongdoing because of a lack of faith investigations will be conducted properly, while 66% said they did not believe disciplinary measures would be applied consistently. At the same time, 23% of those surveyed claimed they didn’t speak up out of fear of reprisals.

Electric cars don’t solve the automobile’s environmental problems (guardia)

The idea of electrifying automobiles to get around their environmental shortcomings isn’t new. Twenty years ago, I myself built a hybrid electric car that could be plugged in or run on natural gas. It wasn’t very fast, and I’m pretty sure it wasn’t safe. But I was convinced that cars like mine would help reduce both pollution and fossil-fuel dependence. I was wrong.

U.S. drought expands for 3rd straight week-US drought monitor (Wendy SD)

Drought conditions expanded in the contiguous United States over the past week given persistent heat and dryness in the southern Plains, while the eastern half of the country is out of drought amid steady rains, according to a weekly drought report.

Over 30 Million Bees Found Dead In Elmwood Canada (Wendy SD)

Shortly after 50,000 bees were found dead in an Oregon parking lot, a staggering 37 million bees have been found dead in Elmwood, Ontario, Canada. Dave Schuit, who runs a honey operation in Elmwood has lost 600 hives. He is pointing the finger at the insecticides known as neonicotinoids, which are manufactured by Bayer CropScience Inc. This also comes after a recent report released by the British Beekeepers Association (BBKA) that recorded its largest loss of honeybees ever. The European Union has stepped forward, having banned multiple pesticides that have been linked to killing millions of bees. The loss comes after the planting of corn. Neonicotinoid pesticides are used to coat corn seed with air seeders.

How Can Consumers Find Out If a Corporation Is "Greenwashing" Environmentally Unsavory Practices? (westcoastjan)

One of the groups leading the charge against greenwashing is Greenpeace. “Corporations are falling all over themselves,” reports the group, “to demonstrate that they are environmentally conscious. The average citizen is finding it more and more difficult to tell the difference between those companies genuinely dedicated to making a difference and those that are using a green curtain to conceal dark motives.”

Gold & Silver

Click to read the Gold & Silver Digest: 7/3/13

Provided daily by the Peak Prosperity Gold & Silver Group

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