Daily Digest

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Daily Digest 7/22 - Keeping Up Oil Production, How To Feed 9 Billion People

Tuesday, July 22, 2014, 1:13 PM

Economy

How far do EU-US sanctions on Russia go? (jdargis)

There are however some exemptions. Diplomatic immunity still has to be respected, so diplomats can be exempted. A targeted individual may also be exempted on humanitarian grounds, for example if he/she needs to pay for medical treatment. An EU Council document defines the scope of such sanctions.

Previously the EU has focused on individuals and a handful of entities directly linked to the Russian annexation of Crimea and the separatist uprising in eastern Ukraine.

How Every U.S. State Has Fared Since The Recession, In 1 Graph (KathyP)

What's going on in North Dakota and Texas? These two states have seen a boom in oil and natural gas and related industries. "That spills over into lots of other service, professional and construction jobs," says Pia M. Orrenius, an economist at the Federal Reserve Bank of Dallas.

Texas alone now has nearly 1 million more jobs than it did at the start of the recession.

Doug Casey: ‘We don’t really have to end the Fed, it’s going to end itself’ (Herman J.)

“You have so many Americans that think the Constitution’s a magic document – well, it’s better than most world constitutions – but the government should have nothing to do with money at all, including designating it in a constitution. This is for the markets to decide.”

Don't Send Your Kid to the Ivy League (jdargis)

These enviable youngsters appear to be the winners in the race we have made of childhood. But the reality is very different, as I have witnessed in many of my own students and heard from the hundreds of young people whom I have spoken with on campuses or who have written to me over the last few years. Our system of elite education manufactures young people who are smart and talented and driven, yes, but also anxious, timid, and lost, with little intellectual curiosity and a stunted sense of purpose: trapped in a bubble of privilege, heading meekly in the same direction, great at what they’re doing but with no idea why they’re doing it.

Why Poor Schools Can’t Win at Standardized Testing (jdargis)

When a problem exists in Philadelphia schools, it generally exists in other large urban schools across the nation. One of those problems—shared by districts in New York, D.C., Chicago, Los Angeles, and other major cities—is that many schools don’t have enough money to buy books. The School District of Philadelphia recently tweeted a photo of Mayor Michael Nutter handing out 200,000 donated books to K-3 students. Unfortunately, introducing children to classic works of literature won’t raise their abysmal test scores.

Nuclear Waste Not Want Not (James S.)

This article started out as a piece about the 10 countries that generate the most nuclear waste annually. Unfortunately, the most recent data is from 1997 (Ukraine, United Kingdom, France, United States, Canada, Germany, India, Lithuania, Italy and Bulgaria).

Approaching the question from the other end -- which countries generate the most nuclear power? – might get us closer to an answer. Business Insider analyzed data from the United Nations’ International Atomic Energy Agency and came up with a top 10 list: United States, France, Russia, South Korea, Germany, China, Canada, Ukraine, United Kingdom and Sweden. But those nuclear power powerhouses aren’t the biggest nuclear waste producers. That’s because some of them -- France, the United Kingdom and the United States included -- recycle their nuclear waste.

Feeding 9 Billion People (jdargis)

The simple fact is we already produce food for nine or 10 billion people, but we waste about a third of it. In the richer countries, it tends to be at the consumer level: food rotting in our fridges or restaurants serving too much on the plates. In poorer countries you tend to see it closer to the farmer with a lack of cold storage to keep food fresh. Another third probably goes to feeding animals to produce meat. If instead of feeding animals, we fed humans directly and we found more direct and clever ways to raise our animals for meat, it would also free up a lot of food. We have enough food now to feed 10 billion people, the real issue is one of access and affordability. People go hungry because they are poor, not because there isn’t enough food in the world.

Keeping oil production from falling (KathyP)

When a given region is found to be promising, more wells are drilled, and production initially increases. But eventually the force of declining pressure takes over, and we see a broad decline in oil production from a given producing region that additional effort and price incentives can do little to reverse. For example, production from the North Sea and Mexico, which had been quite important in the world total in 2000, have been declining steadily for the last decade despite a huge increase in the price of oil.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/21/14

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."

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