Daily Digest

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Daily Digest 10/11 - Shutdown Imperils Costly Lab Mice, Taxpayers Face Big Problems

Friday, October 11, 2013, 10:36 AM

Economy

Banks Are Still Failing At Ten Times the Pre-2008 Crash Rate (Thomas C.)

Now fast forward to June 30, 2013. According to FDIC data, the 8,246 banks and savings institutions have melted away to a new total of 6,940. Bank of America, JPMorgan Chase, Wells Fargo & Co. and Citigroup, now control a combined $3.511 trillion in domestic deposits, a stunning 58.8 percent of all 6,940 U.S. banks’ domestic deposits of $5.966 trillion. The market share of these four giants has increased by an astonishing 24 percent in just 4 years.

Shutdown Imperils Costly Lab Mice, Years Of Research (Amanda)

The government shutdown is likely to mean an early death for thousands of mice used in research on diseases such as diabetes, cancer and Alzheimer's. Federal research centers including the National Institutes of Health will have to kill some mice to avoid overcrowding, researchers say. Others will die because it is impossible to maintain certain lines of genetically altered mice without constant monitoring by scientists. And most federal scientists have been banned from their own labs since Oct. 1.

$10 Million Gift to Help Head Start Through Shutdown (Amanda)

A wealthy Houston couple have donated $10 million to Head Start to keep its programs running through this month despite the government shutdown...Local Head Start programs are run by public and private agencies, not solely by the federal government, and are eligible to receive outside money, said Sally Aman, a spokeswoman for the organization. Asked to elaborate, she said, “You would get a much better answer if you called the government, but they are closed — as you may know.”

As IRS Shutdown Drags On, Some Taxpayers Face Big Problems (Amanda)

As the partial federal shutdown drags on, it’s creating big headaches for thousands of taxpayers with Internal Revenue Service problems, including a new father serving in the Coast Guard in Florida, the owners of a struggling Ohio excavation business and a retired California couple who were the victims of identity theft tax fraud.

Government shutdown: Unfurlough.us connects federal workers with start-ups (Amanda)

When the government shut down last week it sent more than 800,000 federal employees into sudden, temporary unemployment. But even temporary unemployment could have disastrous effects on any employee dependent on a steady paycheck. So when the government shutdown, start-ups stepped in.

Accounting 'Glitch' Causes Paycheck Errors at Robins (pinecarr)

The Defense Accounting and Finance Service, which provides finance and accounting services for DoD civilian and military members, is working to correct the error as quickly as possible," said Donato.

IMF Discusses A Super Tax Of 10% On All Savings In Eurozone (Taki T.)

There is a surprisingly large amount of experience to draw on, as such levies were widely adopted in Europe after World War I and in Germany and Japan after World War II. Reviewed in Eichengreen (1990), this experience suggests that more notable than any loss of credibility was a simple failure to achieve debt reduction, largely because the delay in introduction gave space for extensive avoidance and capital flight – in turn spurring inflation.

The Rise Of Indoor Cropping (westcoastjan)

The variety of cultivation and irrigation technologies available — as well as ways to harvest key resources, from water to light — makes indoor cropping a diverse practice. While it's not a given that every indoor project will be high tech, the enclosed environment lends itself well to bio-control technologies. The exceedingly efficient LED lighting new to the market, for example, allows for year round food production in previously unsuitable climates. Horticultural business consultant John Hall also points out that this kind of technology opens up opportunities to those who want to grow veg, specialist herbs and young plants.

Energy leaders warn of blackouts across Europe (HughK)

The European Union needs to change its policies toward energy subsidies, regulations and emissions targets, the chief executives of Europe's leading energy companies told CNBC on Friday, warning that increasing operational difficulties could lead to "blackouts" across Europe.

Do you really need to drink eight cups of water a day? (westcoastjan)

So far nothing unusual, but the difference between this and almost every other study that's ever been done on hydration was that the cyclists were blind to how much water they got. The fluid was given intravenously without them knowing the volume.

Ontario's Ring Of Fire Risks Becoming 'Wild West' Of Mining: Watchdog (westcoastjan)

The Environmental Commissioner of Ontario’s report makes two recommendations concerning the region. He calls on the government to conduct immediate and thorough environmental monitoring and to expand the scope of its environmental reviews to include the cumulative impact of a new mining frontier in an untouched region of Canada.

The Survival Podcast: 12 Permaculture Principles Applied To Modern Survival (pinecarr)

Today we are going to cover 12 guiding principles of permaculture. I also expand each one and explain how they directly apply to the overriding concepts of modern survival philosophy.

Gold & Silver

Click to read the Gold & Silver Digest: 10/10/13

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."

8 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4148
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4148
All Federal Reserve Banks - Total Assets

2013-10-09: 3,758,663  Millions of Dollars  

2013-10-02:  3,747,387  

2013-09-25:  3,734,018  

2013-09-18:  3,722,192  

2013-09-11:  3,662,035  

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 523
A well deserved dig

at a financial cretin from this side of the pond.

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4148
White House says debt ceiling deal cannot be tied to budget talk

"The White House said a Republican proposal that would lift the debt ceiling but link that with budget negotiations would not be acceptable because it could again put the country on the verge of default in six weeks, spokesman Jay Carney told reporters on Friday."

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
The Eye of the Needle.

Your chances of getting to heaven just keep getting better.

What profit a man if he own the whole world and he lose his soul?

Well- it seems as though you are going to own a lot less.

This little piggy went to market.

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

Christmas party Iowa 1936.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
I've Changed My Mind.

About that picture I posted. That wooden room is filled with real wealth. Can you spot it?

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1182
wealth?

yeah that cream seperator,now antique,is worth a fortune. actually it means they've a milch coo and appear in both good nutrition and familial bliss.  robie

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