Daily Digest

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Daily Digest 8/22 - The Hedge Fund And The Despot, How Cheap Is "Cheap" Oil?

Friday, August 22, 2014, 2:23 PM

Economy

The Hedge Fund And The Despot (jdargis)

McGee was deeply skeptical of his informant during their first meeting, but he found one of his tips plausible: The dictator was about to lose a first round of elections, and Mugabe knew it. The regime was cash-starved; its currency was virtually worthless outside the country, with Zimbabwe’s central bank printing money 24 hours a day. Inflation had hit an estimated 500,000 percent. The total value of all the currency in the economy was estimated at just $100 million. The election was five days away; defeat for Mugabe posed a viable threat to his rule for the first time

Despite ISIS Horror, Congress Is Wary of U.S. Military Expansion (jdargis)

A growing number of Republicans are criticizing Mr. Obama for not doing more. Senator Marco Rubio, Republican of Florida, said, “President Obama continues to appear unwilling to do what is necessary to confront ISIL and communicate clearly to the American people about the threat ISIL poses to our country and to our way of life.”

A World Economy Made of BRICS? (Tyler K.)

Given that China is 41% of the fund, the country is the big man on campus, and can almost single-handedly put down any change it doesn’t like. This sounds an awful lot like what exists today at the IMF.

The “get-out” clause includes a provision that stipulates that member countries can choose to refuse funding when they are facing hardship themselves. In other words, if the world markets lose faith in more than one of the BRICS countries at the same time, then every country must fend for itself.

California's Economic Collision Course: Immigration and Water (djc)

To combat the lack of water brought on by drought and environmental policies that favor fish over people, California farmers are behind a drilling boom – for groundwater. The problem is that, at current rates of consumption, some believe California could run nearly dry of groundwater within two decades.

Why the Robots Might Not Take Our Jobs After All: They Lack Common Sense (jdargis)

“Many of the middle-skill jobs that persist in the future will combine routine technical tasks with the set of non-routine tasks in which workers hold comparative advantage — interpersonal interaction, flexibility, adaptability and problem-solving,” Mr. Autor writes. He specifically mentions medical support jobs, building trades and some clerical jobs that require decision-making rather than typing and filing.

Getting Camel Milk Over the Hump (jdargis)

Gil and Nancy Riegler established Oasis Camel Dairy near San Diego, California, a decade ago, when it was first — and only — camel milking dairy in the United States. Even now, there are only seven camel milking facilities in the U.S. At the Camelot Camel Dairy in northeastern Colorado, Kyle and Holly Hendrix are building a new state-of-the-art processing and pasteurization facility at their Camelot Camel Dairy, hoping it will be the first Grade A camel dairy in the U.S. Regulation on camel milk varies widely, with most camel milk drinkers still buying from small farmers or within membership associations. In June, a camel milk dairy and distributor, Desert Farms in California, started selling camel milk in California Whole Foods stores for $18 a pint.

How cheap is “cheap” oil? (James S.)


Everyone seems to agree that the world is running out of cheap oil. But how cheap is cheap? Until we know it’s hard to say exactly what the world is running out of, or indeed if it’s running out of it at all. Clearly what is needed is for someone to put a dollar value on cheap oil, and here I do my best to come up with a number.

Global Health and Environment in the Post-2015 Agenda: Lessons from the Fukushima nuclear accident (Scott W.)

A human rights expert from Japan, an environmental and women’s activist from Europe, and a physician/health expert on radiation and nuclear related issues from the U.S. will speak about how to protect environment and health of women and girls from radiation exposure, and the importance of implementing lessons learnt from the Fukushima nuclear accident in a discussion on global health and environment as part of the Post-2015 Agenda.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/12/14

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Common Sense from an Engineer.

The new Elio motor car has features that are driven by engineering concerns, not by the sales department.

This approach was last tried by Citroen in 1972. Radical Engineering produced a car that looked really odd, but was voted the third best car ever designed. However fashion ruled the day, and the engineers were sidelined by the sales department. Humans demand conservatism, and so all vehicles since have been conservative- just enough change to show your neighbour that your are rich enough to buy the latest model, but not so outlandish as to make you the butt of jokes. Hence these days it is all about the shape of the headlights. (And the number of cup holders).

Let us see if a dose of austerity can save Elio from the same fate as the DS20. The Elio gets 84 MPG, and costs $6800 new.

Citroen.

Elio

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4163
Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Dirty Deeds.

What these tactics do is to degrade all computer based evidence brought before the courts. If the spies can upload incriminating evidence onto any computer, who is to say who is guilty?

So we must conclude that any conviction based upon computer evidence is the product of a Kangaroo Court.

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