Daily Digest

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Daily Digest 6/21 - Canadian Gas Prices Hit Record High, Pork Industry Crisis Raises Bacon Prices

Saturday, June 21, 2014, 9:59 AM

Economy

The open source revolution is coming and it will conquer the 1% - ex CIA spy (Ben Johnson)

In 1992, despite opposition from the CIA, he obtained Marine Corps permission to organise a landmark international conference on open source intelligence – the paradigm of deriving information to support policy decisions not through secret activities, but from open public sources available to all. The conference was such a success it brought in over 620 attendees from the intelligence world.

Gas Prices Hit Record Highs Across Parts Of Canada (Mobius)

Compounding the problem is the fact that the loonie has fallen more than 10 per cent over the past year, making global energy prices more expensive in Canadian dollars. That’s been good for western Canadian energy exports but bad for consumers, who according to National Bank, are spending a record portion of their retail dollars on gas -- about 13 per cent of all retail spending, compared to 10.5 per cent in the U.S.

A recent study from Scotiabank estimated that rising energy costs sucked $4 billion out of other parts of the consumer economy in the first quarter of this year.

In Susan B. Anthony List Cast, Supreme Court Votes for the Right to Lie (Arthur Robey)

The law makes it a criminal offense to knowingly or recklessly make false statements about a candidate—what ordinary people might call lying. The maximum penalty for making such lies in the context of an Ohio electoral campaign is a fine of $5,000 and six months in prison.

Bacon Prices Soar Amid Pork Industry Crisis (Mobius)

The principal culprit is a pig virus that spread across the U.S. last year and has since spread to Canada. The PED virus affects mostly piglets, but has a near 100-per-cent mortality rate among them. It has wiped out an estimated 7 million piglets in the U.S., causing a pork shortage.

That shortage is now having an impact on Canada. Maple Leaf Foods last month announced a pork price hike, and said the shortage was forcing it to reduce hours at its Manitoba plant.

Aid Scarce as Pakistanis Flee Conflict (jdargis)

At least 200,000 civilians have fled the combat zone since Sunday, when the offensive called Operation Zarb-e-Azb, or Strike of the Prophet’s Sword, began. The campaign has set off the biggest humanitarian crisis caused by conflict in Pakistan since a major military offensive in the Swat Valley in 2009 displaced hundreds of thousands of people. In public statements, the military has acknowledged the importance of fostering tribal support for the current drive, and government officials have said that food and medical supplies are being shipped to affected areas to aid the refugees.

Molten salt reactor concept has new Transatomic Power lift (Arthur Robey)

"The main technical change we make is to change the moderator and fuel salt used in previous molten salt reactors to a zirconium hydride moderator, with a LiF-based fuel salt. During operation the fuel in the salt is primarily uranium. Together, these components generate a neutron spectrum that allows the reactor to run using fresh uranium fuel with enrichment levels as low as 1.8% U-235, or using the entire actinide component of spent nuclear fuel (SNF). Previous molten salt reactors such as the ORNL Molten Salt Reactor Experiment (MSRE) relied on high-enriched uranium, with 33% U-235. Enrichments that high would raise proliferation concerns if used in commercial nuclear power plants."

Why Elon Musk Is Doubling Down on Solar Power (cmartenson)

Earlier this week, SolarCity revealed its plans to buy Silevo, a maker of solar cell technology based in Silicon Valley. Silevo has what’s been billed as a big technology advance: solar cells that boast higher efficiency and lower costs than existing technology. According to Peter Rive, co-founder and chief technology officer at SolarCity, most cells today are 14.5 percent efficient at turning light into energy; Silevo’s cells are 18.5 percent efficient and could be 24 percent efficient with improved manufacturing techniques. SolarCity plans to begin immediate work expanding a New York factory that Silevo had started so that it can produce 1 gigawatt of power within two years.

White House task force charged with saving bees from mysterious decline (cmartenson)

The decline has been linked to loss of habitat and disease. But there is growing evidence of a direct link between neonicotinoids, the most widely used class of insectides, and colony collapse disorder.

A Harvard study last month found exposure to two of the neonicotinoids caused honeybees to leave their hives and die.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/19/14

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
How a country dies...

How a country dies, and why it seems hardly anybody notices at the time.

http://www.economicnoise.com/2014/06/20/country-dies/

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Pork by Another Name.

I have my doubts about eating porky anyway.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
A little humour.

Memes.com

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