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Daily Digest 9/6 - Errors Cast Doubt Fukushima Clean Up, Do You Really Want To Know Your Future?

Friday, September 6, 2013, 7:14 AM

Economy

Do You Really Want To Know Your Future? (jdargis)

The question we started with was how does knowing that your lifespan is limited impact your choices about investments in the future? Basically ask the question, if you knew you were going to die at 60 rather than at 90 would you change the amount of education that you got? And that has actually quite broad implications for understanding things like as countries get richer and people get higher life expectancy, will that impact their education and then impact economic growth?

N.S.A. Able to Foil Basic Safeguards of Privacy on Web (jdargis)

The N.S.A. hacked into target computers to snare messages before they were encrypted. In some cases, companies say they were coerced by the government into handing over their master encryption keys or building in a back door. And the agency used its influence as the world’s most experienced code maker to covertly introduce weaknesses into the encryption standards followed by hardware and software developers around the world.

Bank of England Holds Rate at Already Low Level (jdargis)

Mr. Carney, the former Canadian central bank governor who moved to the Bank of England in July, said in a speech last month that the outlook for British growth had “improved considerably in recent months” but that the prospects over the next three years were “solid, not stellar.” The pace of recovery is widely expected to slow at the beginning of next year.

A New Divestment Focus: Fossil Fuels (jdargis)

Ms. Pedicini’s appointment was seen in part as a response to two student groups that have been calling for more action. The Responsible Investment at Harvard coalition has been pushing for “more transparent and comprehensive” environmental, social and governance efforts throughout the endowment. The other, Divest Harvard, said in April, “By sponsoring climate change through our investments, our university is threatening our generation’s future.”

President Obama: The US Should Follow Sweden’s Renewable Energy Lead (James S.)

The biggest driver behind the push to increase renewable and clean energy generation was an early carbon tax adopted back in 1991. The carbon tax system has changed a bit over the years, increasing from $133 per tonne to $150 per tonne, and forcing consumers to pay more, and industry less, but it has been essential to help persuade people to pursue clean energy sources, and raise money that the government could invest in developing renewable energy generating capacity.

Fukushima apocalypse: Years of ‘duct tape fixes’ could result in ‘millions of deaths’ (Ivo M.)

Although fuel rod removal happens on a daily basis at the 430+ nuclear sites around the world, it is a very delicate procedure even under the best of circumstances. What makes fuel removal at Fukushima so dangerous and complex is that it will be attempted on a fuel pool whose integrity has been severely compromised. However, it must be attempted as Reactor 4 has the most significant problems structurally, and this pool is on the top floor of the building.

Melting Glaciers Are Liberating Ancient Clothes, Like This 1,700-Year-Old Sweater (jdargis)

As for why the hunter left such a lovely garment behind, the researchers can only speculate. Perhaps he was overtaken by a sudden storm, they told Discovery, forcing him to quickly retreat without retrieving his tunic. Given the amount of care put into it, he would probably be glad to know that the sweater, at last, has found a good home.

Errors Cast Doubt on Japan’s Cleanup of Nuclear Accident Site (jdargis)

In the past, they say, Tepco has resorted to technological quick fixes that have failed to control the crisis, further damaged Japan’s flagging credibility and only deflected hard decisions into the future. Some critics said the government’s new proposals offer just more of the same.

Gold & Silver

Click to read the Gold & Silver Digest: 9/5/13

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."

9 Comments

saxplayer00o1's picture
saxplayer00o1
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Tall's picture
Tall
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Posts: 564
Do the math

Sometimes considered a taboo subject, the issue of population runs as an undercurrent in virtually all discussions of modern challenges. Naturally, resource use, environmental pressures, climate change, food and water supply, and the health of the world’s fish and wildlife populations would all be non-issues if Earth enjoyed a human population of 100 million or less.

http://physics.ucsd.edu/do-the-math/2013/09/the-real-population-problem/

pinecarr's picture
pinecarr
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Posts: 2236
Poland Confiscates 1/2 of Private Pension Funds to Cut Debt

From ZH: http://www.zerohedge.com/news/2013-09-06/poland-confiscates-half-private-pension-funds-cut-sovereign-debt-load

While the world was glued to the developments in the Mediterranean in the past week, Poland took a page straight out of Rahm Emanuel's playbook and in order to not let a crisis go to waste, announced quietly that it would transfer to the state - i.e., confiscate - the bulk of assets owned by the country's private pension funds (many of them owned by such foreign firms as PIMCO parent Allianz, AXA, Generali, ING and Aviva), without offering any compensation. In effect, the state just nationalized roughly half of the private sector pension fund assets, although it had a more politically correct name for it: pension overhaul.

Edit: Oops!  Hat-tip to Time2Help who already posted this article in the Off-the-Cuff comments!

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4060
New doors at the Illinois Capitol cost $670,000

"Critics are blasting the decision to install such ornate and expensive doors while the state faces a backlog of $5 billion in unpaid bills and $100 billion in unpaid pension obligations."

Arthur Robey's picture
Arthur Robey
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The Doors

What a pity we did not get a photo of the doors. Sax. I'll be willing to wager a dollar that in addition to being ornate they are amazingly strong, $670,000 Strong.

Quercus bicolor's picture
Quercus bicolor
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Posts: 456
Photo of doors

Here's your picture Arthur.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Not impressed.

Sheesh. $0.67 Million doesn't buy much. Were the handles an optional extra?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
12 Year Old Girl Gets It. Goes Viral.

Next interview with Dr C. Martenson, with advice from his daughters not to be patronising.

Tall's picture
Tall
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Joined: Feb 18 2010
Posts: 564
Here is Victoria's full speech

Referenced in Arthur's post.

 

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