Daily Digest

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Daily Digest 8/18 - A Year In Waste, The High Cost Of A Fresh Start

Monday, August 18, 2014, 9:10 AM

Economy

A Year In Waste (jdargis)

Though I also feel guilty about the bits of egg or rice at the bottom of the pot or every speck of peanut butter on the edges of the jar, we didn't track those, nor did we count the detritus of food prep that, in some cultures, is considered an ingredient. Even though I'd eat peels of apples eaten from my hand, I didn't count the peels when I cut apples for pies. Food we left behind at restaurants or at dinner parties. The cold, half-drunk cups of tea or the last few drops of coffee that come out of the cone filter. Smashed crackers at the bottom of a backpack. These are all foods I'm convinced I'll fondly remember as luxuries of the old days when I'm staggering through some apocalyptic landscape like the father in Cormac McCarthy's "The Road."

Missouri Governor Jay Nixon Deploys National Guard Troops to Ferguson (jdargis)

“When we saw violent acts … We had to act to protect lives and property,” Missouri State Highway Patrol Captain Ron Johnson said at an early-morning news conference.

The situation “took a very different turn after dark,” Johnson said, deteriorating at 8:25 p.m. with a civilian shooting. Protesters fired at police and threw Molotov cocktails, he said.

Ferguson's Fifty Year Fire (jdargis)

Ferguson, Missouri, is about a five-hour drive south from Chicago. The muddled legacy of King’s last campaign—not only to end institutional discrimination, but to persuade the races to live together in comity—is apparent as you travel through North County, the suburbs to the northwest of St. Louis that, like Marquette Park, were once white but are now largely black: Florissant (which the locals pronounce fluorescent), Jennings, Berkeley, Dellwood. The people here are not exactly poor, but many fear they will be. And so they seek salvation from churches and payday loan windows, both of which are numerous, as are fast-food places that give no sense of regional flavor. You could be in central California, western Pennsylvania.

California Drought: Bay Area loses billions of gallons to leaky pipes (Suzie G.)

"If we are to better manage our water resources, we need to know how much water is lost over its distribution system," said state Sen. Lois Wolk, D-Davis, who is seeking tougher requirements to report water losses to the state through legislation, Senate Bill 1420.

"Then we need to take cost-effective steps to reduce these losses," she said.

Global Markets and the $2.3 Trillion ETF Effect (Tyler K.)

For decades, it worked just fine to take a comfortable approach to investing. That involved buying a mix of stocks and bonds… and holding for the long haul.

And after years of success with this simple method, I fully understand that investors find most other strategies foreign and awkward… just like that new, properly-sized tennis racquet felt to me at first.

Seeking New Start, Finding Steep Cost (jdargis)

Millions of unemployed Americans like Mr. DeGrella have trained for new careers as part of the Workforce Investment Act, a $3.1 billion federal program that, in an unusual act of bipartisanship, was reauthorized by Congress last month with little public discussion about its effectiveness. Like Mr. DeGrella, many have not found the promised new career.

Designing an Upside-Down, Hurricane-Proof Hospital for New Orleans (jdargis)

“We basically built an upside-down hospital,” says Doug Parris, the project’s lead designer and a partner at NBBJ, the architecture firm heading up the project. “We flipped what you would typically see, so that not only are all the services coming to the building—heating, cooling, water—on the fourth floor, but also supplies and removal of waste move back and fourth on the upper concourse.”

Fracking Fluids More Toxic Than Previously Thought (jdargis)

A new study of the fluids used in the controversial practice of hydraulic fracturing, or fracking, shows that several of them may not be as safe as the energy industry says they are, and some are downright toxic. A team of researchers at the Lawrence Berkeley National Laboratory and University of the Pacific looked at more than just the process of fracking – which involves injecting water mixed with chemicals into underground rock formations to extract gas and crude oil. In their report, the researchers list the chemicals that are most often used, based on industry reports and databases. Among them were “gelling agents to thicken the fluids, biocides to keep microbes from growing, sand to prop open tiny cracks in the rocks and compounds to prevent pipe corrosion.”

Gold & Silver

Click to read the PM Daily Market Commentary: 8/15/14

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4240
Robert Shiller tries to understand why stocks are ‘very expensiv

"In Shiller’s New York Times article from Saturday, he notes that when he touched on this topic over a year ago, that ratio stood around 23, far above its 20th-century average of 15.21. It now stands at 25, a level that since 1881 has only been surpassed in three other periods — the years surrounding 1929, 1999 and 2007. And we all know what came next after the market peaks in those years."

Other Headlines:

  1. Unlike Russia, the U.S. Government Won't Take Your Pension Outright
  2. China's property prices skid further in July
  3. Merced County Pensions Still Only 51.4% Funded
  4. Charleston officials say sales tax hike needed to fund pension
  5. Soros not the only big investor getting defensive
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4240
Time2help's picture
Time2help
Status: Diamond Member (Offline)
Joined: Jun 9 2011
Posts: 2892
Ebola death toll rises to 1,229, WHO says

Probably much higher infected at this point, anyone know what the R0 on this thing?  Wish I could believe at least something the media says (I do not).

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