Daily Digest

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Daily Digest 3/30 - How The Other Half Commutes, Do Crime Rates Follow As Cash Use Drops?

Sunday, March 30, 2014, 10:14 AM

Economy

How You, Me and Everyone Got the Top 1 Percent All Wrong (jdargis)

An amazing chart from economist Amir Sufi, based on the work of Emmanuel Saez and Gabriel Zucman, shows that when you look inside the 1 percent, you see clearly that most of them aren't growing their share of wealth at all. In fact, the gain in wealth share is all about the top 0.1 percent of the country. While nine-tenths of the top percentile hasn't seen much change at all since 1960, the 0.01 percent has essentially quadrupled its share of the country's wealth in half a century.

As Cash Use Drops, Do Crime Rates Follow? (jdargis)

“The proposition that flows logically from this model is that cash is a necessary functional component of the etiological cycle that drives many sorts of predatory street crime. If that is so, then any reduction in the amount of cash in circulation should produce concomitant reductions in acquisitive street crimes (e.g., theft) and the secondary offenses committed in response to them (e.g., retaliatory assault).”

How the other half commutes in Silicon Valley (jdargis)

Tech companies are spending tens of millions of dollars on hundreds of shuttles that transport thousands of increasingly far-flung employees to their Silicon Valley offices. In just a few years, this network has blossomed into what many transportation experts believe is the largest of its kind in the country.

For tech companies, the shuttles are key to competing for talent. And they are part of broader, environmentally focused efforts to get employees out of their cars and into traffic-reduction programs often required by local communities as a condition for approving expansions.

"They Never Learn" - Russia's Take On The "West" And The Shifting Geopolitical Balance Of Power (jdargis)

Over a month ago I raised the issue of the Right Sector and the necessity to dissociate from the radical forces with our Western partners. I asked them a very simple question: “If you agree that we need to defuse the situation, why won’t you publicly say what the Right Sector really is?” Same to a degree goes for the Svoboda party, whose platform references The Declaration of June 30, 1941, which expressed support of Nazi Germany and its efforts to establish a new world order. According to the party’s charter, it’s still committed to this principle. US Secretary of State John Kerry told me that after close scrutiny they concluded that the Right Sector was trying to become a political movement. The subtext was that it’s a good thing, and Svoboda is moving towards [the] mainstream. That’s a quote.

California Farmers Short of Labor, and Patience (jdargis)

California is home to an estimated 2.5 million illegal immigrants, more than in any other state. Perhaps nowhere else captures the contradictions and complications of immigration policy better than California’s Central Valley, where nearly all farmworkers are immigrants, roughly half of them living here illegally, according to estimates from agricultural economists at the University of California, Davis.

Aftershocks Follow an Earthquake Near Los Angeles (jdargis)

Ms. Jones said the temblor and aftershocks followed almost 20 years of unusually low seismic activity in the Los Angeles area. Such activity could become more frequent, she said.

“One question is: Is this going to be a blip, or is it going to continue?” Ms. Jones said. “We could start seeing a pattern.”

Found in Mud: Precious Links to Loved Ones (jdargis)

It seems all but certain no one is still alive in the muddy wreckage of the Oso landslide, which left at least 18 people dead and devastated towns up and down this valley of loggers, backcountry skiers and outdoor enthusiasts in the Cascade mountains of northern Washington. But as search teams pick through the devastation that obliterated homes and pulverized a highway, families and rescuers are finding glimmers of the disparate lives that were irrevocably brought together in one instant on March 22.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/28/14

Provided daily by the Peak Prosperity Gold & Silver Group

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