Daily Digest

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Daily Digest 3/14 - Don't Drink The Water, Are America's Future Farmers In The Inner City?

Friday, March 14, 2014, 10:37 AM

Economy

‘A big problem’: Vancouver port labour dispute causes forestry logjam, draws ire of Stephen Harper (westcoastjan)

Port Metro Vancouver said the strike has reduced the amount of container traffic being moved by truck to about 15%, and is costing about $885-million a week.

How the NSA Plans to Infect ‘Millions’ of Computers with Malware (westcoastjan)

The implants being deployed were once reserved for a few hundred hard-to-reach targets, whose communications could not be monitored through traditional wiretaps. But the documents analyzed by The Intercept show how the NSA has aggressively accelerated its hacking initiatives in the past decade by computerizing some processes previously handled by humans. The automated system – codenamed TURBINE – is designed to “allow the current implant network to scale to large size (millions of implants) by creating a system that does automated control implants by groups instead of individually.”

The Renaissance Of Gold In Classic Finance Will Continue (Taki T.)

We explained this interplay between inflation and deflation in our last Chartbook “Monetary Tectonics”: As Austrians we know that the natural market adjustment process of the current crisis would be highly deflationary. As the financial sector in most parts of the world reversed its preceding credit expansion, overall credit supply is reduced significantly. The reason for this lies within the fractional reserve banking system, as the largest part of money in circulation is created by credit within the commercial banking sector. The much smaller portion is created by central banks.

Are America's future farmers in the inner city? (westcoastjan)

It's part of an outreach effort by the FFA, formerly known as Future Farmers of America, to encourage minority and immigrant students to consider careers in farming.

The FFA was founded in 1928, and works with the US Departments of Education and Agriculture to get students more engaged in farming.

ETF investors are pulling their money out of China faster than any market in the world (westcoastjan)

China’s leadership, which is aiming to support growth while clamping down on debt risks and pollution, announced the 7.5% goal for 2014 gross domestic product expansion last week, a pace unchanged from last year. The economy expanded 7.7% in 2013, the same pace as in 2012.

Yingli Green Energy Holding Co., the world’s biggest solar- panel maker, retreated 6.1% to US$5.99 in its biggest decline in six weeks. Vipshop, the Guangzhou, China-based online fashion retailer, dropped 9.3% to US$143.74, the most since August.

U.S. Agrees to Allow BP Back Into Gulf Waters to Seek Oil (gillbilly)

Under the agreement, BP will be allowed to bid for new leases as early as next Wednesday, but only as long as the company passes muster on ethics, corporate governance and safety procedures outlined by the agency. There will be risk assessments, a code of conduct for officers, guidance for employees and “zero tolerance” for retaliation against employees or contractors who raise safety concerns.

U.S. Oil Production Hits Highest Level in 25 Years (James S.)

The impressive growth in oil production is leading oil companies to call for lifting the crude oil export ban to allow them to export to higher priced markets around the world. Due to infrastructure constraints, some oil can trade at a discount in different parts of the U.S. because of regional gluts. Some members of Congress have also called for lifting the ban. Should oil production continue to climb, pressure will only grow on Congress and the administration to address the issue.

Paris Makes Public Transport Free To Tackle Severe Pollution (jdargis)

Jean-Paul Huchon, head of the STIF organisation that oversees transport in Paris and neighbouring areas, said transport would be free from Friday morning to Sunday evening due to the "significant risks to the health of residents" posed by the pollution.

"I am asking all residents in Paris and neighbouring areas to favour the use of public transport," he said.

Don't Drink the Water: West Virginia After the Chemical Spill (jdargis)

Since the spill, Archie Satterfield, Sharon's son, has doled out about $400 on disposable goods and bottled water, in addition to all the extra gas he's burned driving to his sister's house in another county to do laundry, and bathe himself and his kids. One way he saves money is to replenish his drinking water at the office where he's a cleaner — one of his two jobs — which is on a different water system. There he'll refill six of the family's one-gallon jugs (he doesn't take all their empties so he won't seem greedy) as he has three times each week since the start of the water crisis.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/13/14

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."

4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4239
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Dirty Deeds, Done Dirt Cheap. (Or same old, same old)

Not only bankers are meeting unfortunate (If somewhat unimaginative) ends. It seems that anyone who speaks becomes unlucky.

Evil destroys itself.

I hope.

Can you say "Conspiracy" without blushing?

HughK's picture
HughK
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 764
Wealth inequality in the US: perception vs. reality

Hi,

While this has probably been shared before, I wanted to share this video on income inequality because I just came across it today, thanks a reference in a recent article by Charles Hughes Smith.

One of the lead authors of the study on which it was based is Dan Ariely, so it seemed worth re-posting, if it has been posted before.

Wealth inequality in America

Cheers,

Hugh

Note: I wasn't able to embed the video properly, although I copied the html code for embedding it from YouTube.  If anyone has any tips, I'd be grateful.

Nervous Nelly's picture
Nervous Nelly
Status: Silver Member (Offline)
Joined: Nov 23 2011
Posts: 209
Wealth Inequality in America

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