Daily Digest

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Daily Digest 6/4 - Unemployment Risks For Recent Grads, QE for Europe and China?

Wednesday, June 4, 2014, 10:21 AM

Economy

New ISU Students Likely Facing 2% Tuition Hike (Illinois)

ISU's board of trustees will meet Friday to set tuition, room and board for 2015.the school usually sets these numbers in May, but waited this year, because of uncertain funding from the state.

Some state leaders suggested a 6 percent increase in tuition was possible. However, the school will receive comparable funding to previous years, and the board should set the increase at 2 percent.

Tuition Up 7% at Athens State (Alabama)

The Executive Committee of the Board of Trustees of Athens State University met with the University’s Budget Advisory Committee last week to consider a recommended a 7% tuition increase beginning with the Fall 2014 semester.

The increase was approved and will take the tuition rate from $167 to $179 per semester hour for traditional coursework and from $240 to $257 per semester hour for distance learning classes.

More Arkansas universities increasing tuition

It's been the same story over the past couple of years for many Arkansas universities: increasing tuition.
So far, the University of Central Arkansas, the University of Arkansas systems and Arkansas Tech have voted to increase tuition beginning next school year.

Virginia Tech Board Approves Tuition, Fee Hikes

In-state undergraduate tuition and mandatory fees will increase by $562 to $12,017. Tuition and mandatory fees for out-of-state students will rise by $837 to $28,048.

In-state graduate students will pay $13,585 in tuition and fees, an increase of $562. Out-of-state students' tuition and fees will rise by $1,296 to $25,884,

30 per cent of university graduates to be out of work after finishing degree (Australia)

The predicted major downturn in graduate employment will occur at the same time student debts are expected to soar with the deregulation of university fees and an increased interest rate applied to student loans.

Preliminary estimates also indicate that the amount of student debt owed to the government, which will never be repaid, could jump to $3 billion a year under the new rules.

Safety-Net Hospitals Face $1.5 Billion Shortfall by 2019, UCLA Study Says

A UCLA study released yesterday made a dire prediction for the state's public hospital system: The safety-net facilities will likely face a shortfall of between $1.38 billion to $1.54 billion by 2019, when federal funding cuts go into effect.

Health Exchange Policies Headed For 9.8 Percent Spike In 2015 (Vermont)

Many of the small businesses and individuals now required to purchase their health insurance on a new online “exchange” will see their premiums spike by an average of 9.8 percent next year, according to projections unveiled today by Blue Cross Blue Shield of Vermont.

Health insurers expected to raise rates for next year (Arizona)

New filings trickling into the Arizona Department of Insurance show at least two health insurers plan to increase rates more than 10 percent. Cigna wants to increase rates an average of 14.4 percent and Humana, 25.5 percent.

Portugal PM says last tranche of bailout at risk

Portugal's lenders cannot pay the last tranche of the country's bailout until a rejection by the supreme court of a series of austerity measures is resolved, Prime Minister Pedro Passos Coelho said on Tuesday.

With euro zone inflation disappearing, ECB poised to act

Euro zone inflation fell unexpectedly in May, all-but sealing the case for the European Central Bank to act this week with a batch of measures to stimulate the economy and keep it from the clutches of deflation. Annual consumer inflation in the 18 countries sharing the euro fell to 0.5 percent in May from 0.7 percent in April,

QE for Europe and China?

When interest rates are nearly zero or very low, cutting rates may not provide enough stimulus, so central banks have to look at other tools.

Inflation in the eurozone is currently at just 0.7%, considerably below the European Central Bank's (ECB) target of just below 2%, while in Germany, inflation is running at only 0.6%.
For China, consumer prices are rising by 1.8%, which is half of its target.

BOJ's Kuroda warns against premature talk of exit from stimulus (Japan)

Bank of Japan Governor Haruhiko Kuroda warned on Tuesday against prematurely discussing a strategy for withdrawing its massive stimulus programme, stressing that the priority now was to keep flooding markets with cash to meet the bank's inflation target.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/3/14

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."

11 Comments

saxplayer00o1's picture
saxplayer00o1
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DennisC's picture
DennisC
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Imagine the hilarity that

would ensue if these headlines were different. For example, substitute the name of your favorite country and favorite precious metal in the following headline: 'China Scrambling After "Discovering" Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing'

http://www.zerohedge.com/news/2014-06-04/china-scrambling-after-discover...

cmartenson's picture
cmartenson
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Posts: 5727
I don't think that would happen here.
DennisC wrote:

would ensue if these headlines were different. For example, substitute the name of your favorite country and favorite precious metal in the following headline: 'China Scrambling After "Discovering" Thousands Of Tons Of Rehypothecated Copper, Aluminum Missing' http://www.zerohedge.com/news/2014-06-04/china-scrambling-after-discover...

I don't think that would happen here because you need honesty and a free press to even have such a headline.

I'm 99% certain that in the west such news would be buried and not reported as 'they' figured out some other way to cope with the issue.  And by 'cope' I mean protect the responsible parties from the consequences of their actions while making smaller and thoroughly innocent parties pay for the clean up.

After all, there are only so many times you can read about things like this before you develop such a jaded outlook:

Revealed: how the FBI coordinated the crackdown on Occupy

Dec 29, 2012

It was more sophisticated than we had imagined: new documents show that the violent crackdown on Occupy last fall – so mystifying at the time – was not just coordinated at the level of the FBI, the Department of Homeland Security, and local police.

The crackdown, which involved, as you may recall, violent arrests, group disruption, canister missiles to the skulls of protesters, people held in handcuffs so tight they were injured, people held in bondage till they were forced to wet or soil themselves –was coordinated with the big banks themselves.

The Partnership for Civil Justice Fund, in a groundbreaking scoop that should once more shame major US media outlets (why are nonprofits now some of the only entities in America left breaking major civil liberties news?), filed this request.

The document – reproduced here in an easily searchable format – shows a terrifying network of coordinated DHS, FBI, police, regional fusion center, and private-sector activity so completely merged into one another that the monstrous whole is, in fact, one entity: in some cases, bearing a single name, the Domestic Security Alliance Council.

And it reveals this merged entity to have one centrally planned, locally executed mission. The documents, in short, show the cops and DHS working for and with banks to target, arrest, and politically disable peaceful American citizens.

The documents, released after long delay in the week between Christmas and New Year, show a nationwide meta-plot unfolding in city after city in an Orwellian world: six American universities are sites where campus police funneled information about students involved with OWS to the FBI, with the administrations' knowledge (p51); banks sat down with FBI officials to pool information about OWS protesters harvested by private security; plans to crush Occupy events, planned for a month down the road, were made by the FBI – and offered to the representatives of the same organizations that the protests would target; and even threats of the assassination of OWS leaders by sniper fire – by whom? Where? – now remain redacted and undisclosed to those American citizens in danger, contrary to standard FBI practice to inform the person concerned when there is a threat against a political leader (p61).

And people often wonder why there's "nary a peep" out of the youngsters these days....perhaps it's because they are smart and know that protesting gains nothing and risks everything.

Perhaps they know that there is an entire and somewhat bored "security" apparatus just looking for things to do...besides going after official misconduct and unconstitutional and otherwise unlawful activities that is.

So, even if there were a massive shortfall in precious metals in western storehouses, how confident are you that we'd even hear about it on the level?  Me?  Not so much anymore.

Time2help's picture
Time2help
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Now that's a big bubble...

Arthur Robey's picture
Arthur Robey
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Posts: 3936
Putin on Hillary

When asked about Hillary's posture, Putin responded

Its best not argue with women.

@ about 20:22min.

 

Arthur Robey's picture
Arthur Robey
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Posts: 3936
The Peak Oil Myth.

Anyone want to respond? Is it even unkind to let them know?

My heart goes out to them-what do we say?

robie robinson's picture
robie robinson
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Joined: Aug 25 2009
Posts: 1181
self delusion

is, i believe, the first step in the descent of phsychosis

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2830
A bright future...
Arthur Robey wrote:

Anyone want to respond? Is it even unkind to let them know?

My heart goes out to them-what do we say?

I wouldn't worry for her too much.  She's a shoe in at any of a number of MSM outlets.

(Now where did I put my empathy again?  Seem to be misplacing that more and more these days...)

Time2help's picture
Time2help
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Joined: Jun 9 2011
Posts: 2830
Perhaps she should "rock out" to the tune below...

jgritter's picture
jgritter
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Joined: Dec 13 2011
Posts: 273
collateral damage

Arthur,

Does your heart go out to them because they bought a line of bull shit and are now regurgitating it, or because the fate of young women during times of widespread social upheaval is often horrific beyond imagining?

John G.

Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2830
A great disturbance in the force...

...as if several billion left-brain models cried out in terror and were suddenly silenced.

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