Daily Digest

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Daily Digest 8/17 - Indian Villages Using Off-Grid Power, Bhutan Goes Organic

Saturday, August 17, 2013, 10:53 AM

Economy

Back to the Future, Part 1: Prediction Fatigue (Thomas C.)

It was March 2006 before they started to roll over, and even then they staged a serious relief rally before entering their death spiral in 2007. By that time Hunter had closed out his options, I had been forced by my brokerage house to sign a waver stating that I remained short the banks over their strenuous objections, and millions of other people who had correctly diagnosed the housing bubble but bet against it too soon had lost their shirts. (I hung in and ended up doing pretty well, though not nearly as well as if I’d waited two more years to short everything in sight.)

Walmart Earnings Disaster Exposes a Collapsing Economy: Davidowitz (kelvinator)

Davidowitz points out that Walmart isn't just a store for the downtrodden. They have 150 million customers which collectively spent less in Walmart stores than in the same period last year. Davidowitz says another 50 million customers shop at Target (TGT), which he also expects to have negative comp stores sales when it reports next week.

9 Household Items That Could Be Spying on You (westcoastjan)

Companies including Google and Verizon are reportedly developing cable boxes with built-in video cameras and motion sensors. The idea is that if the camera detects two people canoodling on the couch, they might be delivered ads for a new romantic movie, while a roomful of children would see ads for an Air Hogs remote control helicopter.

If that freaks you out, think what government intelligence agencies or hackers could do with such a device.

Insurance Industry Funds Research to Quantify the “New Normal” of Tornado, Hail, and Wind Risk in the U.S. and Canada (westcoastjan)

“Despite the considerable efforts and resources applied by the insurance industry toward fundamental research into emerging risks, there has been and will always be significant gaps between the scientific community and the insurance industry,” said John Seo, PhD, co-founder and managing principal, Fermat Capital Management. “AER has the technical expertise, the industry knowledge and, just as important, the operating model to close such gaps. Our particular motivation for participating in AER’s Emerging Risk research program is to enable us to identify new risk transfer opportunities and expand the insurance-linked securities market beyond conventional risks in a responsible way.”

Indian villages lit up by off-grid power (westcoastjan)

For many like Sukhrani, it is a reality they have come to accept.

"I've heard that some people have electricity but I've never experienced it, so I don't even know what it's used for," she says.

Ecuador approves Yasuni park oil drilling in Amazon rainforest (westcoastjan)

The aim was to raise $3.6bn (£2.3bn), 50% of the value of the reserves in the park's Ishpingo-Tambococha-Tiputini (ITT) oil field, over 13 years.

But in a televised news conference on Thursday, Mr Correa said the initiative had attracted only a fraction of the cash it had aimed to raise.

Fukushima's Radioactive Water Leak: What You Should Know (Amanda)

Shunichi Tanaka, head of Japan’s Nuclear Regulation Authority, has told reporters that it’s probably been happening since an earthquake and tsunami touched off the disaster in March 2011. (See related: "Photos: A Rare Look Inside Fukushima Daiichi.") According to a report by the French Institute for Radiological Protection and Nuclear Safety, that initial breakdown caused "the largest single contribution of radionuclides to the marine environment ever observed." Some of that early release actually was intentional, because TEPCO reportedly had to dump 3 million gallons of water contaminated with low levels of radiation into the Pacific to make room in its storage ponds for more heavily contaminated water that it needed to pump out of the damaged reactors so that it could try to get them under control.

Bhutan Goes Organic (westcoastjan)

Major changes are taking place in the agricultural system of the picturesque Himalayan kingdom of Bhutan - sandwiched between India and China.

Gold & Silver

Click to read the Gold & Silver Digest: 8/16/13

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."

2 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1631
Peter Shiff stand up comedy routine

Here's an 11:25 stand up comedy routine by Peter Shiff.  Yup, THAT Peter Shiff.  You have to laugh to keep from crying.

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2247
Fun to see Peter Schiff do stand-up, thc0655

Fun to see Peter Schiff give his message via stand-up comedy, thc0655. Hey, it works for Jon Stewart and Peter Corbert!

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