Daily Digest

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Daily Digest 4/28 - Capping A Catastrophe, Let This Earth Day Be The Last

Monday, April 28, 2014, 9:17 AM

Economy

Recovery Has Created Far More Low-Wage Jobs Than Better-Paid Ones (jdargis)

The report shows that total employment has finally surpassed its pre-recession level. “The good news is we’re back to zero,” Mr. Evangelist said.

But job losses and gains have been skewed. Higher-wage industries — like accounting and legal work — shed 3.6 million positions during the recession and have added only 2.6 million positions during the recovery. But lower-wage industries lost two million jobs, then added 3.8 million.

Let This Earth Day Be The Last (jdargis)

End the dishonesty, the deception. Stop lying to yourselves, and to your children. Stop pretending that the crisis can be “solved,” that the planet can be “saved,” that business more-or-less as usual—what progressives and environmentalists have been doing for forty-odd years and more—is morally or intellectually tenable. Let go of the pretense that “environmentalism” as we know it—virtuous green consumerism, affluent low-carbon localism, head-in-the-sand conservationism, feel-good greenwashed capitalism—comes anywhere near the radical response our situation requires.

So, yeah, I’ve had it with Earth Day—and the culture of progressive green denial it represents.

Efforts to zap bacteria in food are slow to catch hold (jdargis)

Dozens of scientific studies have shown that irradiated food is safe for human consumption, and that no radioactive material has leaked outside any U.S. plant, according to the U.S. Nuclear Regulatory Commission. The three forms of energy that can be used — gamma rays, electron beams and X-rays — can virtually eliminate bacteria in minutes. All this has prompted the World Health Organization, the American Medical Association, the U.S. Centers for Disease Control and Prevention, and dozens of other groups to endorse its use.

Buy Signal in the PM Sector (GE Christenson)

The XAU, gold, and silver look like they have bottomed. Asian demand is strong, and we have been assured by central banks that they will devalue their currencies to create inflation. Gold, silver, and their stocks will benefit.

Oil Security Index (HughK)

The Oil Security Index is designed to enable policymakers and the general public to measure and compare the relative oil security of different countries.

Rising domestic oil production continues to strengthen U.S. oil security, but heavy oil use leaves the economy vulnerable to high and volatile oil prices.

Coal Increasingly Seen As Option For European Energy Security (James B.)

While Europe’s dependence on Russian gas has been on the decline for years, it is obviously not free of Russia’s grip just yet. The standoff over Crimea, and now the eastern provinces of Ukraine, has Europe looking for alternatives. Ukraine is at the crossroads for a significant portion of European energy flows – Europe gets 16 percent of its natural gas from pipelines that pass through Ukraine.

Chernobyl: Capping A Catastrophe (jdargis)

Engineers have designed the Chernobyl arch to stand for 100 years; they figure that is how long it may take to fully clean the area. But there have always been questions about Ukraine’s long-term commitment, and the political turmoil and tensions with Russia have raised new concerns. So even a century might not be enough.

The arch, though, is a formidable structure, said Vince Novak, the director of nuclear safety for the European Bank for Reconstruction and Development, which administers the project’s financing. If necessary, he said, “it might be able to last 300 years or more.”

Forced to Flee Radiation, Fearful Japanese Villagers Are Reluctant to Return (jdargis)

Many villagers complain that these amounts are not enough to move farther away from the plant, which is still leaking radiation, or to repair their traditional wooden farmhouses, which have started to rot and collapse since they were damaged by the earthquake and then abandoned.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/25/14

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."

6 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4065
thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
Martin Armstrong on the inevitable

http://armstrongeconomics.com/2014/04/28/is-a-crash-inevitable-the-spira...

I wish I had information that would allow me to conclude Armstrong is off base here with his spiral vortex of debt and corruption, but I don't.  Based on what I know about human nature, I agree with him that people (and governments) don't change unless forced to by painful circumstances in the here-and-now.  (As we've discussed here often, future pain provides very little in the way of motivation for change for the vast majority of people. Go fig.)  Armstrong says the fireworks kick off in the third quarter of 2015.  Gee, I hope it holds off that long...

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Life, Evolution and Radiation.

Our planet coalesced out of the debris of an exploding supernova. The process did not favour on isotope over another. Time has reduced the radioactivity of our rock, but life has evolved on a radio-active planet. (James Lovelock, The Gaia Hypothesis)

The animals at Chernobyl have even benefited from their irradiation.

Birds in the exclusion zone around Chernobyl are adapting to – and may even be benefiting from – long-term exposure to radiation, ecologists have found

Read more at: http://phys.org/news/2014-04-chernobyl-birds-ionising.html#jCp

robie robinson's picture
robie robinson
Status: Diamond Member (Offline)
Joined: Aug 25 2009
Posts: 1148
Interestingly, Kyle Bass

 gave oct. 2015 as a time for things to get even more fun. it was in one of his speaking engagements i saw on youtube, can't remember which, thought it was in Chicago

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
Social tipping point

We seem to have all the wood piled up for quite a bonfire and people are now pouring gasoline on the pile. All it should take is some kind of tipping point.  Here's one from Argentina:

http://www.internationalman.com/articles/the-social-tipping-point

AKGrannyWGrit's picture
AKGrannyWGrit
Status: Gold Member (Offline)
Joined: Feb 6 2011
Posts: 433
Social Tipping Point

Great article thc0655. I have often thought a collective boycott of something might be effective, though probably dangerous to the participants.

AK Granny

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