Daily Digest

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Daily Digest 8/19 - E-Bike Sales Surge, Is Global Income Inequality Really Falling?

Tuesday, August 19, 2014, 10:48 AM

Economy

Virtual cash heist diverts net traffic (Yoxa)

By regularly diverting traffic passing between members of several different mining pools, the attacker was able to reap all the rewards for themselves, Mr Stewart told Wired.

"Some people are more attentive to their mining rigs than others," he said. "Many users didn't check their set-ups for weeks, and they were doing all this work on behalf of the hijacker."

Is Global Income Inequality Really Falling? (jdargis)

Why not? In the United States and much of Europe, economists have extremely detailed tax data at their disposal, which gives us a pretty precise picture of how income gets divvied up. But most countries don’t have those sorts of statistics. To get a comprehensive picture of inequality across the entire planet, researchers have to rely on national surveys, such as the U.S. census. As I’ve written before, there’s evidence that surveys tend to miss the richest households, making inequality look less severe than it really is.

The U.S. Economic Collapse Will Trigger a Revolution (Tyler K.)

The Federal Reserve and central banks around the world have also done some engineering of their own, artificially maintaining stock and debt bubbles. They’ve poured free money into the economy, benefiting the banks, financial institutions and the top 1%. But here’s the rub.

All of this “engineering” has altered the natural cycle. Instead of peaking in 2007, as it should have, the rich have continued to prosper while everyday people have stagnated or declined.

Ukraine’s Next Crisis? Economic Disaster (James S.)

Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production. The Ukrainian military’s showdown with separatists in the industrial east has forced coal mines to severely cut production or close down entirely. This has led to an electricity crisis that can only be staunched by cutting domestic production along with exports to Europe, Crimea, and Belarus -- or worse, getting more imports from Russia.

In essential speech, Ukrainian MP Viktoria Shilova demands Poroshenko government to stop the civil war, leaks actual number of war casualties (Regina F.)

We, the Ukranian People, replaced Yanukovich-the-thief (the former president) with Poroshenko the killer! And today, our government think that the majority of Ukrainian people are brainwashed by the propaganda of the national television. I would like to disappoint them: the latest independent social poll [show that] 75% of the Ukrainian people are against the war.

Most of them are afraid to say their opinion in public, because they could be imprisoned, interrogated, kidnapped or even killed Anything can happen in Ukraine today, because we replaced thieves with killers.

E-Bike Sales Are Surging in Europe (jdargis)

With the market evolving quickly, a plethora of manufacturers — companies as varied as Europe’s Accell Group, Chinese exporters and even auto giants — are competing. Daimler’s Smart brand is offering zero percent financing on its $3,000 e-bike in Britain, while BMW introduced its own e-bike for about $3,600 this year.

The higher profit margins have saved many a bike shop in recent years. A typical e-bike sells for about $2,700 in Europe, retailers said. The average price of a bicycle, which has been bolstered by the new motorized versions, sells for about $1,300, according to the federation.

Water scarcity and climate change through 2095 (Arthur Robey)

"All high-resolution global integrated assessment models lack any representation of water systems," said Dr. Mohamad Hejazi, lead author and climate scientist at PNNL, working at the Joint Global Change Research Institute. "This implicitly assumes that emissions mitigation to climate change will be unaffected by water scarcity. Yet, we found that water is a significant component of our climate's future, even if societies deploy mitigation policies."

Wait A Second, Are There Twigs in My Coffee? (jdargis)

We emailed Suzana Lucy Nixdorf, the study’s lead researcher, who told us that the study’s focus was to create a method to detect frauds. “We analyzed 80 samples of Brazilian coffee,” she wrote. “Some of them were adulterated, but none of them are from good industries, that have the seal of purity given by the Association of Brazilikan Industries of Coffee (ABIC).” When pressed to name the specific samples that were fraudulent, Nixdorf stopped responding to our emails. It also is probably worth noting that the study was funded by several Brazilian governmental departments, and that the government of Brazil has a vested interest in encouraging the purchase of Brazilian coffee.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/18/14

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1447
Re: E-Bike Sales Are Surging in Europe

$3K for a bike with a battery!!!  That price used to be a nice motorcycle not too long ago. 

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
bike or car?
KugsCheese wrote:

$3K for a bike with a battery!!!  That price used to be a nice motorcycle not too long ago. 

ha.  i'm old enough to remember my father buying a new chevy for $3K

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149

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