Daily Digest

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Daily Digest 8/26 - World Faces Helium Shortage, Farmers' Almanac Predicts Snowy Winter

Monday, August 26, 2013, 9:55 AM

Economy

Viewpoint: How has the boom changed Western Australia? (westcoastjan)

Western Australia has gone from being the isolated, poor little-sister state with a modest economy at best to what t'other siders (Australians living in the eastern states) refer to as the brash, greedy sister.

Britain to be roped into EU rescue aid for Greece (pinecarr)

Use of EU budget funds appears not to be targeted against the British government but would have the effect of drawing Britain into the morass, compelled to spend scarce resources perpetuating an EMU policy that many view as deeply misguided. It would also set a precedent that may be extended to Portugal if it need fresh help, and possibly larger countries if Europe's recovery falters.

'Like Being in Prison with a Salary': The Secret World of the Shipping Industry (jdargis)

Trade has always traveled and the world has always traded. Ours, though, is the era of extreme interdependence. Hardly any nation is now self-sufficient. In 2011, the United Kingdom shipped in half of its gas. The United States relies on ships to bring in two thirds of its oil supplies. Every day, thirty-eight million tons of crude oil sets off by sea somewhere, although you may not notice it. As in Los Angeles, New York, and other port cities, London has moved its working docks out of the city, away from residents. Ships are bigger now and need deeper harbors, so they call at Newark or Tilbury or Felixstowe, not Liverpool or South Street. Security concerns have hidden ports further, behind barbed wire and badge wearing and keep out signs. To reach this quayside in Felixstowe, I had to pass through several gatekeepers and passport controllers, and past radiation-detecting gates often triggered by naturally radioactive cargo such as cat litter and broccoli.

How to Charge $546 for Six Liters of Saltwater (jdargis)

In the end, those factors strongly (and sometimes perversely) affected overall charges for treatment, including how much patients were expected to pay out of pocket. But at the beginning, there was the cost of an IV bag of normal saline, one of more than a billion units used in the United States each year.

A Blazing Giant Stirs California to High Alert (jdargis)

Despite its size, the fire has not threatened population centers or heavily trafficked parts of Yosemite, but it was more the potential of the fire than the actual damage so far that spurred officials into action. Officials said that the fire tripled in size from Wednesday to Thursday and then doubled again from Thursday to Friday.

If You Believe The Farmer's Almanac, Get A Good Coat (jdargis)

The Farmer's Almanac goes further, saying they forecast a big snow storm just around the time of next year's Super Bowl, scheduled to be played outdoors at MetLife Stadium in New Jersey's Meadowlands.

The World Faces a Helium Shortage (James S.)

You wouldn’t think this would be a problem given that helium is the second most abundant element in the universe. But it is. There is a global shortage already. Although helium is abundant, it is not economically feasible to capture and extract it from the atmosphere. Hence the only helium captured is what is extracted as a by-product of natural gas.

The need for helium is also much more wide-ranging than just for balloons. It plays a vital role in the production or operation of everything from MRI machines to fiber-optic cables to flat-screen TVs.

Radioactive Bluefin Tuna Caught Off California Coast (Amanda)

Radioactive cesium doesn’t sink to the sea floor, so fish swim through it and ingest it through their gills or by eating organisms that have already ingested it. It is a compound that does occur naturally in nature, however, the levels of cesium found in the tuna in 2012 had levels 3 percent higher than is usual. Measurements for this year haven’t been made available, or at least none that I have been able to find. I went looking for the effects of ingesting cesium.

Gold & Silver

PM End Of Week Commentary 8/24/2013

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."

4 Comments

saxplayer00o1's picture
saxplayer00o1
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saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
U.S. Treasury to Hit Debt Limit in Mid-October

"The U.S. Treasury Department will hit its borrowing limit in mid-October and likely will no longer be able to pay all its bills soon after that time, people familiar with the matter said Monday."

"The mid-October timeframe is sooner than many on Capitol Hill had anticipated. The government hit the borrowing limit several months ago, but Treasury has used emergency measures—such as suspending certain pension contributions—to buy more time for Congress to act. Some believed that the government's improving fiscal condition—bolstered by rising tax revenue and money coming in from Fannie Mae and Freddie Mac—could give Treasury even more time, potentially until sometime in December."

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Indian Rupee

Indian Rupee

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
The Big Picture.

Limits to Growth?

Come fly with me through the cosmos. Each fluffy thing is an entire Galaxy.

APOD

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