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Daily Digest 7/10 - Phila. Homeownership Tumbles, Your Kindness Is Good For You

Thursday, July 10, 2014, 11:07 AM

Economy

QE: Quantitative Easing or Questionably Effective (GE Christenson)

Pension and retirement funds benefitted to the extent of their stock investments but they were hurt by generational low interest rates in their bond portfolios. Simply put, the stock market rally benefitted a narrow band of society – mostly the political and financial elite and upper middle class.

In Japan, Idled Electronics Factories Find New Life in Farming (Suzie G.)

Last month, as Fujitsu began selling lettuce from the Aizu-Wakamatsu plant, Toshiba Corp. said it would begin growing vegetables inside a floppy disk factory near Tokyo that hasn't been used for two decades.

Smartphone dependency fuels other addictions, say rehab clinics (Michael W.)

Young people are particularly at risk, and not just those who have addictions, says Cole Rucker, co-founder and CEO of Paradigm Malibu , an adolescent mental health and drug abuse treatment center. “Years ago, the most difficult part for them here was that they couldn’t smoke cigarettes and now the biggest challenge is they can’t have their cellphones,” he says. Teenagers suffering from depression or anxiety often use smartphones as a coping skill rather than learning to sit with their emotions and developing relationships, Rucker says. “Very often, cellphone use is just like drug use, another negative coping style, and a way to avoid thoughts and feelings,” he adds.

Is The Fed Going To Attempt A Controlled Collapse? (Kevin J.)

Here’s a quick re-cap of events: In the recently released Annual Report of the BIS: Bank for International Settlements (commonly thought of as the “central bank’s central bank”) the BIS made a rather ominous recommendation to it’s member banks: Pop this bubble now. Their specific language wasn’t quite so direct, but the message was just as clear.

Homeownership in Philadelphia tumbles, report says (Thomas C.)

"This recent decade saw the first net increase in our population since 1950, combined with the biggest house-price deflation since the Depression, both of which drove the rental rate higher and homeownership lower," Gillen said.

The decline of the last dozen years continues a trend reported by the Brookings Institution in a study published in 2003, which found that the city homeownership rate had dropped considerably during the 1990s "in contrast to the trend of rising homeownership in cities and the nation over the decade."

Your Kindness Is Good For You (jdargis)

Post writes “that altruism is one of the factors that increases the odds of well-being, better health, or survival in many people,” though cautions, “it is no guarantee of good health.” The overall explanation for why altruism influences health so positively, Post states, is “that emotional states of unselfish love and kindness displace negative emotional states (e.g. rage, hatred, fear), which cause stress and stress-related illness through adverse impact on immune function.”

The World’s 10 Most Energy-Efficient Cities (James S.)

Reykjavik, Iceland - By most measures, Reykjavik tops the list of energy efficient cities worldwide. Along with the rest of Iceland, Reykjavik relies on renewable hydropower and geothermal plants to provide all of the heat, electricity and hot water for its more than 120,000 citizens. The Nesjavellir geothermal power station services all of the space heating and hot water needs of the greater Reykjavik area. The city plans on becoming fossil-fuel-free by 2050 and the final piece of that puzzle is hydrogen power. In the mid-2000s, the city began replacing its public transportation with hydrogen-fueled buses. The only “pollution” emitted from these vehicles is pure water. Although Iceland may be a small country, its big energy ambitions are leading the way for the rest of the world.

Why Energy? (Eric G.)

I’ll be the first to admit that focusing on energy isn’t always adequate to solve certain problems. Specific issues, such as soil erosion or water shortages, have facets to them that can’t be handled by focusing on energy and require a broader approach. Further, there’s more to food than just its calorie content or the number of calories needed to produce it. Truth be told, some issues associated with food production, such as anthropogenic climate change, have become so thoroughly politicized that it’s nearly impossible to talk about them without dragging the discourse towards mudslinging, conspiracy theorizing or doomsaying. Since energy is so foundational in making food systems work, I argue that while food system analyses should never end with studies of energy intensity, starting there can work wonders and open many useful avenues of discourse. This, let it be known, is why I focus on energy.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/9/14

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
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Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Smartphones and Cancer of the brain.

The recent study by the World Health Organization(WHO) has raised new concerns regarding cancer risk from cell phone use (19). The cell phone is now considered a carcinogen in the same category as chloroform, formaldehyde and lead.

Thomas N Seyfreid "Cancer as a Metabolic Disease ". PP 376, 377

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