Daily Digest

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Daily Digest 10/7 - Rich People Just Care Less, A World Of Water
by Daily Digest
Monday, October 7, 2013, 9:58 AM
Economy
Gold Befuddles Bernanke as Central Banks’ Losses at $545 Billion (pinecarr)
As policy makers were buying, investors were losing faith in the metal as a store of value. The value of exchange-traded products dropped by $60.4 billion, or 43 percent, this year, saddling hedge fund manager John Paulson with losses, according to data compiled by Bloomberg. Billionaire investor George Soros sold his holdings in the biggest gold-backed ETP this year and mining companies wrote down the values of their assets by at least $26 billion.
Gold And The Real Change To Watch For (pinecarr)
Have you ever noticed, for example, that investors are often only interested in buying some stock or asset when its price is going up?
Heating oil suppliers say they will not start delivering fuel next week (Alan W.)
The Federation of Fuel Service Station Dealers (OBE) said that consumers still do not know how much they will pay for heating oil and who will qualify for fuel benefits.
Rich People Just Care Less (westcoastjan)
A growing body of recent research shows that people with the most social power pay scant attention to those with little such power. This tuning out has been observed, for instance, with strangers in a mere five-minute get-acquainted session, where the more powerful person shows fewer signals of paying attention, like nodding or laughing. Higher-status people are also more likely to express disregard, through facial expressions, and are more likely to take over the conversation and interrupt or look past the other speaker.
On Russia's controversial Arctic oil rig Prirazlomnaya (westcoastjan)
Gazprom, the Russian state-owned company which operates the rig, says that this base is so heavy that it cannot be moved, even by thick ice. The company insists that drilling here is no different just because it is in the Arctic. It says there are many rigs - off Sakhalin Island in the far east for example - which have to cope with frozen seas.
US Fracking Industry has Used 250 Billion Gallons of Water Since 2005 (James B.)
The exact damage that fracking causes to the environment, both air and water, has not yet been calculated, but “even the limited data that is currently available, however, paints an increasingly clear picture of the damage that fracking has done to our environment and health.”
A World Of Water (westcoastjan)
Photographer Edward Burtysnky has made a career out of documenting the resources that define our planet, and the way industry has scarred the landscape, most famously in the series Oil, which looked at how our use of the substance has transformed – and often disfigured – the environment.
Gold & Silver
Click to read the Gold & Silver Digest: 10/5/13
Provided daily by the Peak Prosperity Gold & Silver Group
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