Daily Digest

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Daily Digest 11/3 - Jobless Italians Face The Black Market, The Repurposed Ph.D

Sunday, November 3, 2013, 12:09 PM

Economy

Jobless young Italians face life on the black market (westcoastjan)

The dire position of Italy's young in the job market was highlighted in August, when the rate of unemployment among 18 to 24-year-olds hit a record high of 40.1%. It's not clear how many young people are working informally, but Italy's black economy is known to be large.

Unaffordable Recreation and the Ratchet Effect (westcoastjan)

At the time adult lift tickets were $13 and kids under 12 (or who were 13 or 14 and and said they were 12) skiied FREE. We always had peanut butter and jelly sandwiches with dried fruit (that my Mom dehydrated herself with her food dehydrator) and a bag of mini Snickers for lunch. On the way home we would stop at Burger King in Auburn for dinner.

Screen-traded fiat gold could get very violent wake-up call (adam)

To gain a deeper understanding of what China might be up to, some background is essential. Let’s start with the trading units at the two major Chinese exchanges involved in the gold trade – the Hong Kong Gold and Silver Exchange and the Shanghai Gold Exchange (SGE) – because that goes a long toward explaining why the 1016 tonne export made an initial stop in Switzerland before moving on to China.

That Other Big Afghan Crisis, the Growing Army of Addicts (jdargis)

In western Herat Province, held up as an island of stability and progress in Afghanistan, this forlorn border town is instead a showcase for an intensifying crisis: Long the global leader in opium production, Afghanistan has now also become one of the world’s most addicted societies.

Stick Figures and Stunted Growth as Warring Syria Goes Hungry (jdargis)

Across Syria, a country that long prided itself on providing affordable food to its people, international and domestic efforts to ensure basic sustenance amid the chaos of war appear to be failing. Millions are going hungry to varying degrees, and there is growing evidence that acute malnutrition is contributing to relatively small but increasing numbers of deaths, especially among small children, the wounded and the sick, aid workers and nutrition experts say.

The Repurposed Ph.D (jdargis)

After a round of introductions, the participants broke into clusters to swap stories and tips. A 32-year-old man who had studied ancient religion at Princeton wore a T-shirt emblazoned with the name of his employer, a finance website; he talked up his job to a physicist who was finalizing her thesis. The historian, a teacher at an elite private school, advised a recent American studies Ph.D. on where to find job postings and how to package himself. That young Ph.D., Adam Capitanio, who completed his degree in 2012, had looked for an academic position for three years, focusing his search on the Northeast and applying for at least 60 jobs. He hadn’t received a single interview. Now he was working as an editorial associate at an academic publisher, trying to devise a long-term plan. “Things were kind of desperate before I had that job,” he said. “This gives me some flexibility to figure out what I actually want to do.”

Gold & Silver

Click to read the Gold & Silver Digest: 11/2/13

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."

3 Comments

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1428
Re: Unaffordable Recreation and the Ratchet Effect

The author forgot one big driver of cost increase: widespread use of credit cards and other consumer loans that were not widely available in the 1970's.  Credit is a form of money so more money chasing inelastic supply means higher prices.  I keep asking those I talk with what will happen to the creditors in the next crash?

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1428
Re: Jobless young Italians face life on the black market

As I have been telling those I talk to we already know what will happen under ObamaCare: Italy 20 years ago started on the same path of regulations with similar cutoff of 50 workers etc for certain regs.   So the US will be the new Italy soon.

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1512

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