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Daily Digest 8/11 - 'Golden Rice' GM Trial Vandalized, Banks Halting Foreclosures To Avoid Upkeep

Sunday, August 11, 2013, 12:21 PM

Economy

A Point of View: Is democracy overrated? (westcoastjan)

Democracy was introduced into Russia without any adequate protection for human rights. And many human rights were protected in 19th Century Britain long before the emergence of anything that we would call democracy. In the Middle East today, we find parties standing for election, like the Muslim Brotherhood in Egypt, which regards an electoral victory as the opportunity to crush dissent and impose a way of life that for many citizens is simply unacceptable. In such circumstances democracy is a threat to human rights and not a way of protecting them.

Email service used by Snowden shuts itself down, warns against using US-based companies (Mike K.)

A Texas-based encrypted email service recently revealed to be used byEdward Snowden - Lavabit - announced yesterday it was shutting itself down in order to avoid complying with what it perceives as unjust secret US court orders to provide government access to its users' content. "After significant soul searching, I have decided to suspend operations," the company's founder, Ladar Levinson, wrote in a statement to users posted on the front page of its website. He said the US directive forced on his company "a difficult decision: to become complicit in crimes against the American people or walk away from nearly ten years of hard work by shutting down Lavabit." He chose the latter.

Banks Halting Foreclosures to Avoid Upkeep (Amanda)

We're seeing more and more, banks getting a judgment to sell a home but not taking it to a foreclosure sale," says Thomas Fitzpatrick, an economist in the community development department at the Federal Reserve Bank of Cleveland. "Banks speak more openly about how if it's not in their economic interest to foreclose, they're not going to foreclose. It may cost more to cure the back taxes and bring the property up to code than they could ever get from selling the property itself.

Canada Housing Boom In '9th Inning'; Will Market Crash Or Coast? (westcoastjan)

Muddying the picture is that a new temperature reading of the housing market from the Canadian Real Estate Association (CREA) being released on Thursday is likely to show that home sales are doing just dandy and likely rose significantly in July, along with average home prices.

But David Madani of Capital Economics says it is the calm before the storm.

The Social Implications Of Energy Return (Eric G.)

While diesel’s energy density is an undeniable asset, of even greater significance is its energy return. A fuel’s energy return on energy investment ratio, sometimes referred to by the acronyms EROEI or EROI, is a metric used to gauge its production efficiency. It turns out that a fuel’s energy return also has broad social and economic significance, and this essay explains that significance in a way that hopefully makes it accessible.

10 Years After Blackout, US Grid Faces New Threats (Amanda)

Temperatures and storms are getting more extreme, according to federal data, and that increases stress on the grid by creating spikes in demand or knocking out lines or power plants. Some regulators and policymakers are increasingly worried about cyberattacks that could target systems that manage power plants or grids.

'Golden rice' GM trial vandalised in the Philippines (westcoastjan)

Golden Rice field trials are currently being carried out in the Philippines under the auspices of the International Rice Research Institute (IRRI), together with PhilRice, the local research body.

Sea life relocating fast in response to climate change (westcoastjan)

The study also found that warmer spring temperatures are prompting some species to breed earlier and earlier each year — about 11 days earlier per decade in the case of fish and zooplankton. Meanwhile, phytoplankton, which are a major food source for baby fish and zooplankton, are influenced more by the amount of sunlight and less by the temperature. They have started blooming just six days earlier per decade, leading to a worrying mismatch between the hatching of zooplankton and baby fish and the availability of their food.

Gold & Silver

Click to read the Gold & Silver Digest: 8/9/13

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

greered's picture
greered
Status: Member (Offline)
Joined: Apr 25 2008
Posts: 6
Is Democracy Overrated

 

 

 

 

Democracy is championed as a universal good by the West, but we over-estimate its power to guarantee personal and political freedom, argues Roger Scruton.

 

The article seems to support the following.

 

 

"Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other"

John Adams

2nd US President (1797-1801

 

 

 

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