Daily Digest

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Daily Digest 1/10 - Nature Sends Oil Sector Strong Message, Should Tribal Rights Trump Development?

Friday, January 10, 2014, 11:29 AM

Economy

If You're Waiting For An "Economic Collapse", Just Look At What Is Happening To Europe (sand_puppy)

Many analysts expect major economic trouble in Italy over the next couple of years. The President of Italy is openly warning of "widespread social tension and unrest" in his nation in 2014.

Green Capitalism: The God That Failed (Pioneer)

Of all the eco-futurist writers of the 1980s and '90s, entrepreneur and "Natural Capitalism" guru Paul Hawken has probably been the most influential voice for eco-capitalism. Hailed by Inc. magazine as "the poet laureate of American capitalism," Hawken says he was inspired to pen his best seller, Ecology of Commerce (1993), when his company Smith & Hawken won the prestigious Environmental Stewardship Award from the Council on Economic Priorities in 1991. When George Plimpton presented the award to Smith & Hawken at New York's Waldorf-Astoria Hotel, Hawken says he "looked out over the sea of pearls and black ties, suddenly realizing two things: first, that my company did not deserve the award and, second, that no one else did either. What we had done was scratch the surface of the problem. ... But in the end, the impact on the environment was only marginally different than if we had done nothing at all.

'Meat Atlas' charts a changing world of meat eaters (westcoastjan)

"In the rich North we already have high meat consumption. Now the poor South is catching up," she said. "Catering for this growing demand means industrialised farming methods: animals are pumped full of growth hormones. This has terrible consequences on how animals are treated and on the health of consumers."

Research cutbacks by government alarm scientists (westcoastjan)

This week, scientists went public with concerns that irreplaceable science could be lost when Department of Fisheries and Oceans (DFO) libraries are closed. DFO plans to shut down seven of its 11 libraries by 2015. Already, stories have emerged about books and reports thrown into dumpsters and the general public being allowed to rummage through bookshelves.

India: Should tribal rights trump development? (westcoastjan)

When the Dongria Kondh tribe who live in these hills voted last year to stop Indian-British mining giant Vedanta from digging out the ore, campaigners hailed it as a historic victory for tribal rights.

This was the "real" Avatar tribe, Survival International claimed, comparing their struggle to the Hollywood blockbuster.

Arianna Huffington announces launch of World Post news website (westcoastjan)

The site will have its own stand-alone presence but will also replace the Huffington Post’s current world section. The Huffington Post will run the advertising side of the business and will also organise conferences and sponsored sections. Neither side will comment on how much funding has been put into the business.

Natural capital accounting: what's all the fuss about? (westcoastjan)

Simply put, there are four natural capital accounting categories (air, water, land and biodiversity) and all are interdependent. These provide us with the crucial renewable and non-renewable resources and environmental services that benefit society as a whole.

Our ability to account for these environmental assets and their rate of depletion (commonly referred to as stocks and flows) is variable. In a limited number of cases (such as fossil fuels) our thinking is already advanced, albeit that significant challenges still remain.

More than three quarters of large carnivores now in decline (westcoastjan)

When they looked at wolves and cougars in Yellowstone National Park in the US, they found that having fewer of these big predators resulted in an increase in animals that browse such as elk and deer.

While this might seem like good news, the researchers found that the rise of these browsers is bad for vegetation and disrupts the lives of birds and small mammals, leading to a cascade of damaging impacts.

Mother Nature Sends Oil Sector Strong Message (James B.)

British Prime Minister David Cameron said he suspected the recent extreme winter weather may be a result of climate change, something the World Meteorological Organization said last year was tied to fossil fuels. Mother Nature may be sending a message then as ConocoPhillips blamed weather for a slump in recent oil and gas production.

Gold & Silver

Click to read the PM Daily Market Commentary: 1/9/14

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."

5 Comments

saxplayer00o1's picture
saxplayer00o1
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SailAway
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Tiny $7,000 Car Gets 84 MPG

Here is a cute little car that is making wave at CES in Las Vegas, from Elio Motors US startup:

The vehicle is projected to get an estimated 84 mpg and cost US$6,800. The design features three-wheel anti-lock disc brakes, an inline 3-cylinder, 55 hp engine, and front-wheel drive, with a top speed of over 100 miles per hour, accelerating from 0 to 60 mph in just over 9.6 seconds.

 

 

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sand_puppy
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Posts: 1894
Gonzalo Lira on the Stock Market Pump and Dump

Gonzalo Lira from zerohedge this afternoon--

Even if you don’t buy that QE and ZIRP will lead to a dollar collapse, you do have to admit that these Fed policies have severely brainwashed investors. The Federal Reserve is the boiler room operation that has pumped up the equities market by way of QE and ZIRP. You are investing in a pump-and-dump scam. And like in all such scams, you will lose. Clear enough for ya?

[D]ue to the Fed’s policies, stock prices are booming—all record highs.

 

What’s wrong with booming stock prices? Absolutely nothing—unless you look at the two-year charts and realize that these three indices are not reflecting a robust, booming economy. Rather, they have had unrelenting climbs that have been openly—and exclusively—caused by QE and ZIRP.

Which has brainwashed investors into dismissing value. Today, all investors are momentum-chasing pump-and-dumpers who are not worrying about fundamentals, or worrying about the long-term health and well-being of a company.

 

All they have been brainwashed into caring about is the rise in a stock’s price. It ought to be beautiful, right? Everybody making money, all happy in the world. Only problem is, these pump-and-dump scams always end. When do they end? When people stop believing in the hype. When people realize that the global economy is in the toilet, companies are not booming but barely getting by, and there’s nothing on the horizon which will restart the economy. When people—and not a lot of people, mind you, just a tipping point estimated at about 10%—realize that this game that the Fed is playing with QE and ZIRP is a game of musical chairs.

I am reminded of Chris' metaphor of a dog-whistle--a high pitched sound that only dogs can hear-- that signals the end of this period of faith-that-things-always-go-higher.  A few notice that momentum has faltered and begin to shuffle towards the exit door.  The more cautious ones notice others are starting to exit, they exit too.  Soon there is real movement, prices fall noticeable, then suddenly a stampede.  (Alternatively, maybe the story should read that a HFT algo notices too, and in 18 milliseconds sells everything.)

But the sheeple continue to dance. They buy and hold and forget, working long hours to max out their annual 401k contributions.  The super-bowl is coming up and promises to be a GREAT GAME. American Idol has some really fine young singers.  Besides, if something important were happening they would have mentioned it on the news (and they watch the news to stay informed). They believe the world is stable and it takes weeks to months to process the clues that things are changing and to shift their beliefs.  

They soon find that they are the owners of near worthless stock certificates and that their retirement plans have been canceled.  They are stunned.  Nobody (respectable) could ever have predicted this would happen.

---------

On a personal note, I find myself sounding bitter and cynical at times.  It is because I am grieving for my family, friends and co-workers who do not seem to have a clue what is coming.  I fear that they will be crushed and that there is nothing that I can do to prevent this.

Poet's picture
Poet
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Posts: 1891
Chemical Spill in WV. 300,000 told not to drink, cook, shower...

In Parts of West Virginia, Chemical Leak Means Water Is Only For Flushing
"The water that some 300,000 people in West Virginia usually depend on to slake their thirst, wash their bodies and brush their teeth is now good for only one thing -- flushing their toilets, authorities told them Friday.

"Investigators from the Kanawha County Fire Department and the state Department of Environmental Protection quickly found the source -- a leak from a 48,000-gallon storage tank along the Elk River, which serves as the source of water for the 1,500 miles of pipeline that carry water to customers in the region."
http://www.cnn.com/2014/01/09/us/west-virginia-contaminated-water/index.html

Over on Reddit, one West Virginian resident chefbsba wrote:

Quote:

Resident here.

It's not only don't drink the water, it's don't do anything with the water - meaning don't use it to cook, clean, wash clothes, brush your teeth, take a shower. The only thing we are supposed to do is flush the toilet. It's a real pain in the ass.

Also recently the temperature dropped drastically here so people who did not take proper precautions had their pipes bursting left and right. Bottled water was already a bit on the scarce side.

I was out and about when I heard about it yesterday so I decided to swing by Wal-Mart and grab some water. Well, there were already hundreds of people inside who had bought up all the water. The employees kept telling people there was no more water yet there was still a line of roughly 100 standing around the door where they bring out the merchandise.

I'd be willing to bet that every sheriff and officer from the neighboring town was inside that place. God forbid that anything bad really ever happen.

Also yesterday about 2 pm I was leaving my place and my mom comes knocking on my door - which is odd. Her office is nearby and when I opened the door all she said is "I'm going to shit myself! I'm going to shit myself" and apparently she went in the bathroom and shit and puked at the same time. It was later she told me that she had a cup of coffee and downed an entire cup of water right before she came by my place.

It's not only worrisome for those who are financially unable to go out and buy tons of water for every day use, but you have to think about people with formula fed babies who were drinking the water all day yesterday, and the pets that were. The local shelters need water badly, not only for hydration but to clean the cages.

Hopefully they will remedy the situation soon but it doesn't look like it. I'm going to have to go to one of the relief stations to pick up water later, so that should be fun.

Edit: We are being told not to boil and drink it, let alone touch it.

Edit: Press conference just notified us that yesterday during the initial contamination the level of chemicals in the water were at a 2.0. Now, over 24 hours later they are at a 1.9. Considering that the chemicals have to dissipate on its own, sounds like its going to be a long one.

Who doesn't yet have their own water stored safety away in case of emergency? If not, maybe you should get cracking...

Poet

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
Federal Reserve Paid Government $77.7B in 2013

Federal Reserve Paid Government $77.7B in 2013

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