Daily Digest

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Daily Digest 8/15 - The GSR Bottom Finder, Car-Free In Driving-Centric Cities

Thursday, August 15, 2013, 8:55 AM

Economy

China drug costs: The human price (westcoastjan)

The government has made clear that reform is required to rein in costs. It is starting with the drugs industry - investigating possible price-fixing in up to 60 foreign and Chinese companies.

Last month a detained executive from the British firm GlaxoSmithKline confessed on state TV that his company paid bribes.

Silver: THE GSR Bottom Finder (GE Christenson)

All significant price lows in the past 23 years occurred at (GSR) ratios greater than 64. However, a better indicator of significant lows is the Relative Strength Index of the GSR based on 21 weekly closes combined with the GSR.

Treasury Ran $98 Billion Deficit in July--But Debt Stayed Exactly $16,699,396,000,000 (Dana T.)

If Treasury's daily statements were to declare that the government had borrowed an additional net $98 billion to cover the $98 billion deficit the Treasury declared in its monthly statement for July, the Treasury would be conceding that the government had already surpassed the legal limit on the debt--and has been violating the law by continuing to borrowing additional money.

Perfect Storm? (Steve J.)

International energy security is the second imminent concern, particularly in Europe and Japan. Take Britain, for example. Four years ago, in a seminal book – Sustainable energy – without the hot air – Professor David Mackay showed that a very significant reduction in Britain’s electrical generation capacity would occur between 2015 and 2016 [2]. And, amongst other G7 nations, Japan and Germany face similar challenges, again self-imposed, following political decisions to dispense with nuclear power. This matters because for an industrial society energy is, as the American energy commentator Chris Martenson observes, the ‘master resource.'

Blackout 10 years on: How 'smart grids' help blackout-proof the power game (westcoastjan)

"Smart grids have accelerated as a concept as computing technology has become cheaper and telecommunications technology has become cheaper," says Alex Bettencourt, managing director of Smart Grid Canada, a non-profit that promotes modern and efficient power generation. "Customers' expectations are also rising."

The smart grid refers to an electricity system that collects real-time data on supply and demand to make the entire grid more efficient and less prone to failure.

Car-free in cities where driving is king (westcoastjan)

Of course, living without a car can mean dealing with unexpected public transport problems and can require more route-planning. But there is a financial upside beyond ditching a car payment and other costs, said Manisha Thakor, a personal finance expert and founder of MoneyZen Wealth Management in Santa Fe, New Mexico. Since most car-free people pay out-of-pocket each time they need to get somewhere, it makes the transportation spending process a more conscious decision, Thakor explains.

Does Acidizing Pose a Greater Threat to the Environment than Fracking? (James S.)

One of the major concerns that the report highlights is that “there appears to be no research or other publicly available information about HF’s use in oil and gas production or its potential effects on groundwater supplies. But the risks are clear.”

Companies Extracting B.C. Groundwater For Free (westcoastjan)

Muxlow says no studies have been done to measure the environmental impact of draining that quantity of water every year, and not enough is being done to monitor and regulate the extraction of water.

But Nestle, the largest seller of bottled water in the world, says it is acting responsibly and contributing to the B.C. economy.

If Vegetables Don't Make Oil, What Is Crisco? (westcoastjan)

The meat industry (bullies then, as they are today) controlled the prices of lard and tallow which were necessary to make soap and candles. As a result, prices were high and so Procter and Gamble took to acquiring cottonseed mills and with the help of a chemist, developed the process of hydrogenation -- turning liquid cottonseed oil into a thick, solid fat, much like lard. And so they marketed it as a replacement to lard. The name "Crisco" came from what they called "crystallized cottonseed oil."

Gulf of Mexico Prepares as Atlantic Hurricane Season Enters Most Active Phase (James S.)

The 30 year average for the Atlantic hurricane season is 12 storms with wind speeds of at least 39 miles an hour, but the National Oceanic & Atmospheric Administration (NOAA) has estimated that this year 13-19 of such storms will form.

Gold & Silver

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

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
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suesullivan's picture
suesullivan
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The Next Disaster Scenario Power Companies are Prepping for--NPR

http://www.npr.org/blogs/alltechconsidered/2013/08/15/212079908/the-next...
 

In the 10 years since sagging power lines in Ohio sparked a blackout across much of the Northeastern United States and Canada, utility engineers say they have implemented measures to prevent another such event in the country's electric grid.

But there is one disaster scenario for which the power companies are still unprepared: a massive attack on the computer networks that underlie the U.S. electric grid.

Energy industry leaders believe a cyberthreat could produce a blackout even bigger than the , which left an estimated 50 million people in the dark.

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saxplayer00o1
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India turns screw again on gold imports

"India turned the screw on gold buying again on Wednesday, banning imports of coins and medallions and making domestic buyers pay cash, a day after hiking bullion import duty to a record 10 percent."

"Inbound shipments climbed to 338 metric tons in the three months ended June 30 from 153 tons a year earlier, the London-based, producer-funded group said in a report today. Total demand rose 71 percent to 310 tons, with consumption of bars and coins increasing to 122 tons from 56.5 tons and sales of jewelry gaining 51 percent to 188 tons, the council said. "

rjs's picture
rjs
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Joined: Aug 8 2009
Posts: 445
solar storm
suesullivan wrote:

http://www.npr.org/blogs/alltechconsidered/2013/08/15/212079908/the-next...
 

In the 10 years since sagging power lines in Ohio sparked a blackout across much of the Northeastern United States and Canada, utility engineers say they have implemented measures to prevent another such event in the country's electric grid.

But there is one disaster scenario for which the power companies are still unprepared: a massive attack on the computer networks that underlie the U.S. electric grid.

Energy industry leaders believe a cyberthreat could produce a blackout even bigger than the , which left an estimated 50 million people in the dark.

no one is really ready for another carrington event, either, & the consequences could be far worse...

saxplayer00o1's picture
saxplayer00o1
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Foreign investors dumped large amounts of bonds in June

Foreign investors dumped large amounts of bonds in June

saxplayer00o1's picture
saxplayer00o1
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Posts: 4064
Fed balance sheet passes $3.6 trillion

"The Fed's balance sheet liabilities, which are a broad gauge of its lending to the financial system, stood at $3.603 trillion on Aug. 14, up from $3.542 trillion on Aug. 7.

The Fed's holdings of Treasuries rose to $2.001 trillion as of Wednesday, up from $1.993 trillion the previous week."

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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The screw is in about as far as it goes

Please scroll up to the news I posted above in comment #3 first.

 

"Asked about the record current account deficit – the broadest measure of trade – Singh acknowledged the problem and said gold imports needed to be further curbed.

Gold is the second-largest contributor to the current account deficit after oil.

"We seem to be investing a lot in unproductive assets," he noted."

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