Daily Digest

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Daily Digest 12/27 - The Wage Warrior, Under The Greenland Ice

Friday, December 27, 2013, 11:26 AM

Economy

Be prepared: Wall Street advisor recommends guns, ammo for protection in collapse (Dana T.)

“I, along with many other economists, agree with many of the concerns expressed in these dire warnings. The growing debt and deficit spending is a tax on those holding dollars. The devaluation in the U.S. dollar risks the dollar's status as the reserve currency of the world. Obamacare was the worst legislation in the past 75 years. Socialism is on the rise and the NSA really is abrogating vast portions of the Constitution. I don't disagree with their concerns,” he wrote.

Detroit's abandoned buildings draw tourists instead of developers (Nervous Nelly)

The city says that 85% of its 142.9 square miles had "experienced population decline" over the last decade, and efforts to persuade investors to buy commercial buildings and rehabilitate them have been mixed, at best. For example, plans to turn the Michigan Central Depot, a once-grand train station, into a casino and then into police headquarters have gone nowhere, and it's stood empty since 1988.

2013: The Year America Went Back to College (jdargis)

The Times declared 2012 “the year of the MOOC,” but there was considerable time-lag. A database search of U.S. newspapers shows 286 references to massive open online courses in 2012; that’s a sizable increase over 2011’s grand total of three MOOC references, but it’s dwarfed by 2013’s 1,351 references. (And that’s with a week left in the year. If Coursera’s Andrew Ng catches a cold on New Year’s and makes a MOOC about it, there could be a spike.)

The Wage Warrior (jdargis)

Politicians fear her, unions revere her, and the entire state has felt the impact of her actions. How did labor leader Maria Elena Durazo become so powerful?

Bill Gates’ Latest Cause: Urine-Powered Batteries (jdargis)

The billionaire philanthropist is putting money behind the technology.

Solar variability has a small effect on climate change (jdargis)

A team from the University of Edinburgh decided to figure out if that actually made any sense. So, they compared a climate model's output with reconstructions of the Northern Hemisphere's temperatures for the last 1,200 years (Northern Hemisphere data is much more complete than Southern). Within the climate model, they set both large and small values for the influence of solar activity on the climate

Under The Greenland Ice (jdargis)

A newly discovered aquifer is so massive it could singlehandedly raise the global sea level by 0.015 inches.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/26/13

Provided daily by the Peak Prosperity Gold & Silver Group

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saxplayer00o1
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Japan's monetary base tops record 200 trillion yen

Japan's monetary base tops record 200 trillion yen

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