Daily Digest

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Daily Digest 7/21 - Shake-Up on Opium Island, ND's Oil Boom Is Unsustainable

Monday, July 21, 2014, 11:24 AM

Economy

Don't Blame Malaysia Airlines (jdargis)

Shorter still: According to Spiegel (German version here), while some airlines, including Air France, had changed their routes to avoid Ukraine, most did not. Many other airlines took a path similar to the one on which MH17 was shot down, notably including Lufthansa.

A Tough Corporate Job Asks One Question: Can You Hack It? (jdargis)

A decade ago, few organizations had a dedicated chief information security officer, or CISO (pronounced SEE-so), as they are known. Now, more than half of corporations with 1,000 or more employees have a full- or part-time executive in the post, according to a study conducted last year by the Ponemon Institute, a research firm.

Chemists develop novel catalyst with two functions (Wendy SD)

In a previous publication in the Journal of the American Chemical Society, the researchers from Bochum described another approach for manufacturing bi-functional carbon catalysts. To this end, they had "cut open" carbon nanotubes by applying thermal energy and oxygen, thus rendering the catalyst particles embedded therein usable. "This method is irresistibly simple," says Martin Muhler. Compared to noble-metal catalysts, the production would be highly cost-efficient.

Chemists develop technology to produce clean-burning hydrogen fuel (Wendy SD)

Rutgers researchers have developed a technology that could overcome a major cost barrier to make clean-burning hydrogen fuel – a fuel that could replace expensive and environmentally harmful fossil fuels.

Rutgers researchers have developed a technology that could overcome a major cost barrier to make clean-burning hydrogen fuel – a fuel that could replace expensive and environmentally harmful fossil fuels.

The Biggest Energy Trading Disaster In History (James S.)

As someone who made a living in dealing rooms around the world for nearly 20 years, the reactions that traditionally greet highly publicized dealing disasters never fail to cause a wry smile to pass my lips. The reaction of the public, politicians and, most of all, of those charged with overseeing traders is almost always reminiscent of Captain Renault in Casablanca. They are shocked, shocked they tell us, to find that trading had been going on at the trading desk. The simple fact is that trading involves risk. Bad risk management happens every day to individual traders who blow up their accounts with one overly aggressive or poorly managed position, and it occasionally happens to those paid to risk other people’s money as well. When it happens to the pros, though, the enormous access they have to leverage exaggerates the effects.

North Dakota’s Oil Bonanza Is Unsustainable (KathyP)

That kind of growth is nearly unprecedented in the modern oil industry. It’s also unsustainable. If North Dakota continued its recent pattern of exponential growth, the state would be producing more than 400 million barrels of oil per month a decade from now — more than what the entire U.S. produces today. Even at a linear rate of growth, monthly production would top 100 million barrels within the next decade, more than what Texas — a state with 2.5 times the total oil reserves — produces now. Growth has to slow eventually. The question is when.

Why the modern bathroom is a wasteful, unhealthy design (KathyP)

But they never really had a chance to debate the issue; it was a done deal as people rushed to install convenient flush toilets. Soon every contaminated stream and gutter was being enlarged and covered over and turned into what remains today’s urban sewer system. In the Guardian, Blake Morrison described it as being “on a par, aesthetically, with the canal bridges and railway viaducts of the Victorian era". But it was really just going with the flow instead of thinking about the consequences.

Shake-Up on Opium Island (jdargis)

Tasmanian farmers have had a mixed response. They strongly oppose production on the Australian mainland and want to hold on to the poppy business, which accounts for nearly one-tenth of the farm revenue in Tasmania, or roughly $80 million a year. But they know they can’t keep the industry if they can’t ensure supply, and they are enthusiastic supporters of genetic engineering. Environmentalists and, so far, the Tasmanian government favor keeping the Australian state clean of genetically manipulated organisms, a goal that growers dismiss. “We grow narcotic drugs — by definition they’re not clean,” said Glynn Williams, the president of Poppy Growers Tasmania, a trade group.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/18/14

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."

8 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Posts: 4066
Tall's picture
Tall
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Posts: 564
Armed bandits demand water in dry northern India

2014 The Associated Press. LUCKNOW, India (AP) — Armed bandits in drought-stricken northern India are threatening to kill hundreds of villagers unless they deliver 35 buckets of water each day to the outlaws in their rural hideouts.

Since the threats were delivered last week, 28 villages have been obeying the order, taking turns handing over what the bandits are calling a daily "water tax," police said Monday.

http://bigstory.ap.org/article/armed-bandits-demand-water-dry-northern-india

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1517
Armed bandits extort water

Solution set:

1. Poison their water.

2. Form a civilian posse, take into custody as many as possible during the water transfer, then assault their hideout until all are dead or captured.  http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=11417

3. Airstrike.

Unfortunately, any solution will require the people to overcome their conditioned passivity, the government's laws against civilian ownership of firearms, and the government law enforcement system's mind-boggling ineffectiveness and corruption.  Good luck with that.

Tom

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
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Posts: 1429
Hot money chases used cars

Hot money chases used cars since CFPB does not apply then Wells Fargo and JPM package the junk up into trusts to sells bonds: http://www.autoremarketing.com/subprime/prestige-financial-executes-its-largest-securitization-ever#sthash.oSMaAc01.dpufhttp://www.autoremarketing.com/subprime/prestige-financial-executes-its-largest-securitization-ever

Arthur Robey's picture
Arthur Robey
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Posts: 3936
And Right on Cue.

Australia.

I got a letter in the mail today that said that my iron-clad, government-backed, cross our hearts and hope to die, compulsory tax pension contribution was going to be outsourced. No need for me to do anything.

Who would have thunk?

$1.6 Trillion and the government is going to be hands off? Of cause.

Unfunded liabilities anyone?

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2770

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