Daily Digest

Image by borman818, Flickr Creative Commons

Daily Digest 11/11 - Obama The Loner, Too Much Of Too Little

Monday, November 11, 2013, 11:16 AM

Economy

The Lonely Guy (jdargis)

Self-containment is not simply Obama’s political default mode. Self-possession is the core of his being, and a central part of the secret of his success. It is Obama’s unwavering discipline to keep his cool when others are losing theirs, and it seems likely that no black man who behaved otherwise could ever have won the presidency.

Too Much Of Too Little (Amanda)

For almost a decade, Blanca had supported her five children by stretching $430 in monthly food stamp benefits, adding lard to thicken her refried beans and buying instant soup by the case at a nearby dollar store. She shopped for “quantity over quality,” she said, aiming to fill a grocery cart for $100 or less.

Neoliberalism: Breaking Your Legs and Taking Your Crutches (Nervous Nelly)

There are plenty of other ways that government maintains structural poverty. Regulatory barriers to entry mean that fewer people can start businesses, creating greater competition for jobs and thus a labor market where capitalists have more power than workers. Patents and other forms of artificial scarcity raise prices for all sorts of goods, including essential lifesaving medicines. And historical land thefts like the Enclosures have concentrated wealth in the hands of predatory capitalists while depriving the masses of access to land and property.

Health Website Tests a Tycoon and Tinkerer (jdargis)

Mr. Obama’s reputation, and the electoral fortunes of Democrats, could hinge on the work of Mr. Zients, a man who has no hands-on technology experience — although he has advised health care companies on business practices. In the universe of experts who might have been called in for rescue work, Democrats close to the administration say, there were others perhaps more qualified than Mr. Zients, but he was the best of those Mr. Obama and an insular White House were comfortable with.

Churches using beer to attract new members (westcoastjan)

"I find the love, I find the support, I find the non-judgmental eyes when I come here," said 28-year-old church member Leah Stanfield to NPR. "And I find friends that love God, love craft beer."

Once-Thriving City Is Reduced to Ruin in Philippines (jdargis)

As a violet sunset melted on Monday evening into the nearly total darkness of a city without electricity, lighted only by a waxing half moon, dispirited residents walked home after another day of waiting at the airport in hope of fresh water, food or a flight out. Looters sacked groceries and pharmacies across the city over the weekend, leaving bare shelves for a population now quickly growing hungry and thirsty.

Slid Show: Typhoon Haiyan's Devastation (jdargis)

In the Philippines, the destruction Typhoon Haiyan wrought is only now becoming clear, with some areas, particularly on Leyte island, still cut off and in desperate need of help. The city of Tacloban, the provincial capital, is a scene of wreckage; thousands are feared dead. Haiyan, whose local name is Yolanda, is one of the most powerful typhoons on record to make landfall; it had sustained winds of a hundred and forty seven miles per hour, creating waves fifteen feet tall, which rushed ashore. Here are scenes from the aftermath.

At Your Disposal (jdargis)

By the end, we get Miles’s message very clearly, and it’s not about recycling. It’s that no one can be thrown away. Not the bond trader. Not the collection agency guy. Not the habitual shopper. Not the squatters, the environmental sinners or any baby brought into such a crowded and flawed world. As terrible as we can be, we belong here and we matter and we might even do some good. This, in the end — and by that I mean the planetary end — might be the most inconvenient truth of all.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/9/13

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."

11 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4148
Nate's picture
Nate
Status: Platinum Member (Offline)
Joined: May 6 2009
Posts: 590
thank you

A personal thanks to all of the peak prosperity veterans on Veterans Day.  God bless each of you.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3159
Nate wrote: A personal thanks
Nate wrote:

A personal thanks to all of the peak prosperity veterans on Veterans Day.  God bless each of you.

Thank you.

Doug

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
The Fallen 9000

The Fallen 9000

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Fake Passports

Could someone put a sock in the "fake passport" guy?

Scratch that - the more fake passports/id's/docs out there, the better.

locksmithuk's picture
locksmithuk
Status: Silver Member (Offline)
Joined: Dec 19 2011
Posts: 123
Putting socks in
Time2help wrote:

Could someone put a sock in the "fake passport" guy?

Pity. We could have so much fun with him on this site.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Putting socks in...

After further reflection, I'm inclined to agree with you locksmithuk.  Live and let forger.  Maybe the Fed could provide a few "how to" tips?

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
BDI Uptick

I see that the BDI is on the way up. This will be due to a combination of retiring inventory and increased cargo, especially of large bulk carriers that are unable to go through the Panama. (They have to go around the Capes, hence the name-Cape sized vessels.)

An aside: Is the Panama losing its relevance now that the Northwest passage is ice free?

I see that there has been an increase in shipbuilding in Korea.

My eyeballs tell me that Esperance ports cannot load the stuff onto ships quick enough. a recent visit to Korea showed me a thriving economy. We ordered a ship loading crane from China. The chosen delegates to China were awe-inspired by the activity there.

But I read about Doom and Gloom from The Shah in the flagship of our western civilization and all its allies.

What is to be made of all this?

We are guided by the Models of reality that our Left Brains generate. I think that the models generated by the Western Mind are based upon Expansion, and are in crisis in a finite world.

Perhaps we should embrace the Confucian philosophy of Impermanence and Eternity.

Edit: An intrusive thought. Perhaps the economic exuberance is due to the rest of the world throwing off a massive parasite-the $US. I imagine that the parasite will have it's own opinion about that.

 

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3159
Arthur
Quote:

An aside: Is the Panama losing its relevance now that the Northwest passage is ice free?

I doubt it.  This article is about one large freighter that made the passage this year from Vancouver to Finland.  Those are northern ports and the Panama Canal would not have accommodated the ship fully loaded.  Plus the hull is reinforced for ice encounters, which are always a hazard.  So, under these special circumstances, the Northwest Passage makes sense for a very limited period of time each year when it is ice free.  I think that's about a month now but will likely become longer. 

http://www.reuters.com/article/2013/09/27/us-shipping-coal-arctic-idUSBRE98Q0K720130927

However, for the large freighters, it is certainly an option.

Doug

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2832
Tick-Tock...

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1615
Rats disembarking

More and more rats are rushing to leave the sinking ship. Looks to me like they're making statements and moves that will be the centerpiece of their defense strategies once The Collapse hits and they are implicated. "Yes, I was part of what caused The Collapse, but I'm REALLY sorry now."  This, to me, is powerful evidence The Collapse is VERY close now.  I like the charts, but rats leaving the ship are even better evidence for me.

http://www.zerohedge.com/news/2013-11-12/former-fed-quantitative-easer-c...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments