Daily Digest

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Daily Digest 7/30 - Some GMO Corn No Longer Pest-Resistant, Worldwide Water Shortage By 2040

Wednesday, July 30, 2014, 9:15 AM

Economy

Red light traffic cameras generate big revenue for local governments across D.C. region

Data from AAA Mid-Atlantic show red light cameras are raising big money for local governments.

ABC 7 news partner WTOP reports that programs in the District of Columbia, Rockville, Montgomery and Prince George's counties in Maryland and Arlington County in Virginia generated $21 million combined in 2013.

Brazil farmers say GMO corn no longer resistant to pests

Genetically modified corn seeds are no longer protecting Brazilian farmers from voracious tropical bugs, increasing costs as producers turn to pesticides, a farm group said on Monday.

Russia faces having assets seized around the world after international court rules it has to pay $50billion to shareholders of energy company Putin's government destroyed

Russia may be stripped of assets around the world after an international court ruled it must pay $50billion in compensation for the government's role in destroying the country's largest oil company.

Student debt 'relief' scams offering nothing but distress

Student loan debt is a serious and growing problem in this country. The Consumer Financial Protection Bureau (CFPB) estimates that outstanding student loan debt is approaching $1.2 trillion. About seven million student loan borrowers are now in default.

Record number of people opt for insolvency after becoming overwhelmed by debts despite signs of economic recovery (UK)

The number of people forced into a type of insolvency has leapt to the highest level since records began.
From April to June, 14,571 people took out Individual Voluntary Arrangements in England Wales, more than at any point since 1987.

More than a third of U.S. adults pursued by collection agencies

More than a third of U.S. adults have bad debt that has been handed over to a collection agency and their average debt in collections is $5,178, according to a study published on Tuesday by the Urban Institute.

Putin Sanctions Risk Access to $600 Billion in Funding

European Union and U.S. sanctions jeopardize funding for Russian companies, which have tapped international capital markets for more than $600 billion in debt and equity since the country emerged from its 1998 default.

Slower U.S. healthcare cost rise extending life of Medicare fund: trustees

The trustees, however, reiterated a warning that the Social Security program would run out of money to fully pay disability benefits by 2016 and could not meet all of its obligations on pensions after 2033.

Worldwide water shortage by 2040

Three years of research show that by the year 2040 there will not be enough water in the world to quench the thirst of the world population and keep the current energy and power solutions going if we continue doing what we are doing today. It is a clash of competing necessities, between drinking water and energy demand.

Unprecedented California Drought Restrictions Go Into Effect

The new rules — the first statewide curbs on water use since the current drought began nearly three years ago — can lead to fines of up to $500 per day for using a hose to clean a sidewalk, running ornamental fountains that do not recirculate water and other wasteful behaviors. The regulations will be in effect for 270 days, unless they are repealed earlier.

Gold & Silver

Click to read the PM Daily Market Commentary: 7/29/14

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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