Daily Digest

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Daily Digest 7/17 - The "Recovery" In One Chart, Stay Away From Almond Milk

Thursday, July 17, 2014, 11:34 AM

Economy

The Recovery™ In One Chart (adam)

Empire is now called 'war on terror.'

Panem et circenses. Washington is certainly a circus, and we know who is getting all the bread.

Time for more distractions. What time's the next 'big event'?

17 Ways Driverless Cars Could Change America (jdargis)

Fewer Car Accidents: This is where it all begins. For all the sales pitches on convenience and novelty, the real benefit of driverless cars for drivers and society is the promise of drastically reducing the number of accidents causing death, injury and property loss. Estimates of those costs vary—one recent study pegged the financial cost to Americans at $871 billion a year, including “594 billion in societal harm from the loss of life and the pain and decreased quality of life because of injuries.”

Obama Likely to Seek Additional Time for Nuclear Negotiations With Iran (jdargis)

The Iranian proposal Mr. Kerry brought back to Washington from Vienna, where he spent three days haggling with his counterpart, Mohammad Javad Zarif, is widely judged as insufficient by American officials and intelligence experts. They argue that it would not give the West the minimum Mr. Kerry said last year was acceptable: at least a year’s warning time that Iran was racing to produce enough bomb-grade fuel for a nuclear weapon — even if fabricating the weapon itself would take longer.

Outlook for Gold, Stocks, Economy by Incrementum’s Advisory Board (Taki T.)

Meantime, the second Advisory Board meeting has taken place, in which all relevant and important topics for gold investors have been discussed.The economic situation and China in particular, a monetary policy update, the geopolitical situation, a stock market review, and precious metals and miners market update.

Environmentalists Denounce Repeal of Australia’s Carbon Tax (jdargis)

After the vote Thursday, Mr. Abbott characterized the tax as a “useless, destructive tax, which damaged jobs, which hurt families’ cost of living and which didn’t actually help the environment.” He called it a “9 percent impost on power prices, a $9 billion handbrake on our economy,” and said the repeal would save the average household 550 dollars a year.

Australia is among the world’s biggest producers of carbon emissions on a per capita basis. The government is committed to reducing emissions to 5 percent below levels recorded in 2000 by 2020.

Lay Off the Almond Milk, You Ignorant Hipsters (jdargis)

The water-intensive nature of almond milk, of course, is no secret. By law, food manufacturers have to name ingredients in order of their prevalence in the product. For Califia and other almond milk brands, it starts like this: "filtered water, almonds." Given that it takes 1.1 gallons of water to grow a single almond in California, where 80 percent of the world's almonds are produced, drenching the finished product in yet more water seems insane.

Using Nanotubes To Make Cheaper, Cleaner Hydrogen Fuel (James S.)

Hydrogen has a reputation as a clean source of energy, especially when compared to fossil fuels such as oil and coal. But there’s just one problem: You need to burn methane, itself a fossil fuel, to make hydrogen. So with current technology, hydrogen isn’t as clean as its reputation. Add to that, current technology is expensive because to isolate hydrogen you must create electrolysis reactions, which separates hydrogen atoms from oxygen atoms in water. Again, with current technology, you need expensive platinum as a catalyst for that process.

The Largest Landfill On Earth: Plastic Garbage In The Oceans? (James S.)

Think about the last time you got takeout or ate at a fast food restaurant. Or the last time you bought a pre-packaged food item from a store, or drank a bottle of water or soda. Chances are, plastic was involved in all those items -- plastic that will still be around up to 1,000 years from now.Americans throw away over 30 million tons of plastic every year, of which only about 25 percent is recycled. The rest goes to landfills. Unfortunately, the largest “landfill” on Earth is actually in the North Pacific Ocean.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/16/14

Provided daily by the Peak Prosperity Gold & Silver Group

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