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Daily Digest 6/9 - War Gear Goes To Police, Japan Seeks to Squelch Its Tiny Cars

Monday, June 9, 2014, 9:11 AM


No 'Sell in May and Go Away' this year for Either Bulls or Bears (Adam)

Where the stock market to date is concerned, even before the month of May began the mantra of 'Sell in May and Go Away' had built up to a crescendo by the blogosfear that always sees a trend, any trend be it bull or bear as always IMMINENTLY TERMINATING, instead the stock market has climbed its way to a series of new all time highs the most recent of which was Monday's Dow close at 16,743 with yesterdays just 6 points shy of breaking to a another new high of 16,737 and the S&P's yesterday new high close of 1928.

The life and death of a master of the universe (jdargis)

"What makes the whole thing sad is that in some ways he's emblematic of an emerging type of business person who understands that with power and wealth comes responsibility," said Michael Santoro, an expert on business ethics at Rutgers Business School. "He was a model of what we want business people to be like. But make no mistake about it—the kind of criticism [he was facing] is inevitable when we live in a world where we're expecting business to solve the problems that governments are supposed to."

In Texarkana, Uninsured and on the Wrong Side of a State Line (jdargis)

But none of the low-income Texarkana residents interviewed realized that moving to the other side of town might mean a Medicaid card. In fact, health researchers and those who work with the poor expect very few Americans to move between states to take advantage of the law.

War Gear Flows to Police Departments (jdargis)

The equipment has been added to the armories of police departments that already look and act like military units. Police SWAT teams are now deployed tens of thousands of times each year, increasingly for routine jobs. Masked, heavily armed police officers in Louisiana raided a nightclub in 2006 as part of a liquor inspection. In Florida in 2010, officers in SWAT gear and with guns drawn carried out raids on barbershops that mostly led only to charges of “barbering without a license.”

World Needs Record Saudi Oil Supply as OPEC Convenes (jdargis)

Even as the North American shale revolution propels U.S. production to a three-decade peak, supply in other parts of the world is faltering. A battle for political control in Libya, pipeline attacks in Iraq and prolonged sanctions against Iran are preventing those nations from reviving output. While U.S. crude inventories rose to a record in April, restrictions on exports are keeping those supplies in the country, tempering forecasts that global oil prices will decline this year.

World first: Australian solar plant has generated “supercritical” steam that rivals fossil fuels’ (Wendy SD)

This supercritical steam is used to drive the world’s most advanced power plant turbines, but previously it’s only been possible to produce it by burning fossil fuels such as coal or gas.

"Instead of relying on burning fossil fuels to produce supercritical steam, this breakthrough demonstrates that the power plants of the future could instead be using the free, zero emission energy of the sun to achieve the same result,” Dr Wonhas explained.

Peak Pollution: China to Lead the Clean Energy Revolution (James S.)

City-dwelling Chinese may still be choking on smog, but amid all the haze, China may turning a corner in its fight on pollution. Top Chinese officials have hinted at the fact that China is working hard to achieve “peak” greenhouse gas emissions, which may come sooner than observers expect.

Japan Seeks to Squelch Its Tiny Cars (jdargis)

But industry and government officials are increasingly worried that these microvehicles have become a distraction for the nation’s automakers — still bastions of the Japanese economy — and are moving to wean drivers off them. In April the government took what its critics charged was a hard-line route. Kei drivers were hit with a triple whammy of a higher sales tax, higher gasoline tax and higher kei car tax, the last of which the government raised by 50 percent, sharply narrowing their tax difference with regular-size vehicles.

Gold & Silver

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

Provided daily by the Peak Prosperity Gold & Silver Group

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Daily Digest 6/9?

Title says "6/8".

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Japan Seeks to Squelch Its Tiny Cars (& Vans)



I live in Australia and am an owner of a Kei class type van (Suzuki Carry) and love it. It's cheap to run, easy to park, and being a Suzuki means that a lot of the parts are interchangeable with other models of sedan and 4WD. eg a sports dash out of an Ignis sedan, motor parts from a Jimny 4WD.

After many years of owning 6 cylinder and V8 powered vans, filling the tank for less than $50 was a long forgotten memory.

Try buying a secondhand Carry van or ute around here and you will find how popular they are. Currently the only listing is for a 2000 model Carry Ute for $9,490, nearly double the price of larger utes of the same age.

The Kei class car is a very popular car in poorer countries as export out of Japan data of second-hand vehicles will clearly show.

The matter is mute now as China is taking over production of vehicles of this size. It is interesting to note that Kei size delivery vans are numerous in the top ten vehicle list in China.

 I can now purchase Chagan Star Van parts to fit my Suzuki Carry Van at a fraction of the price quoted by my local dealer and aftermarket spare parts outlet.

Keis have terrific fuel economies that rival the Prius, but they sell for half the price. Last year, a record 40 percent of all new cars sold in Japan were keis. However, if the Japanese government has its way, the future popularity of these little guys might be in jeopardy.


More at...

Why Japan's government is looking to curb its adorable kei car market

Why Japan Is Cracking Down On Its Tiny Kei Cars



A quote...

“Keis are the working man’s friend,” he said. “How could they do this to us?”


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