Daily Digest

Image by USDAgov, Flickr Creative Commons

Daily Digest 8/28 - Dethrone 'King Dollar', Does Dirt Make You Happy?

Thursday, August 28, 2014, 10:27 AM

Economy

Dethrone 'King Dollar' (thetallestmanonearth)

There are few truisms about the world economy, but for decades, one has been the role of the United States dollar as the world’s reserve currency. It’s a core principle of American economic policy. After all, who wouldn’t want their currency to be the one that foreign banks and governments want to hold in reserve? But new research reveals that what was once a privilege is now a burden, undermining job growth, pumping up budget and trade deficits and inflating financial bubbles. To get the American economy on track, the government needs to drop its commitment to maintaining the dollar’s reserve-currency status.

Who's In The Office? The American Workday In One Graph (jdargis)

The conventional workday remains pretty strong. The majority of people are at work from 9 a.m. to 5 p.m., with a small break in the middle of the day for lunch.

The graph shows that construction workers take the lunch hour the most seriously, with the largest drop in workers at noon (as measured from peak to midday trough).

Finitude is the human condition and our days on this earth are numbered, in one chart (jdargis)

Tim Urban published this chart at Wait But Why in May. It’s hard to believe it’s been that long already. Whenever you look back on the summer that has just ended, you find yourself wondering where the time went, even if a single week of sunshine can seem, in the moment, like an eternity in heaven. The fact is that there are only so many weeks in a summer, and only so many in a year, and only a few dozen years in a life, even if you’re fortunate enough to be born in the United States and not in Sierra Leone, where the life expectancy is less than 50 years.

Yazidis still stranded on Mount Sinjar: 'We need weapons now more than food or water' (jdargis)

Satellite images taken on 21 August by the firm ImageSat International and interviews with members of the Yazidi religious minority still on the mountain indicate a humanitarian emergency continuing to unfold. While thousands have fled down the mountain’s north face, making a dangerous trek into Iraqi Kurdistan through Syria, those on the southern side remain in crisis.

Free Mailbox Stickers Signify Goods Residents Are Willing to Lend Neighbors (jdargis)

The point of the project is to get people away from their smartphones and more involved with the community – plus the only way to see the stickers if you’re paying attention to your surroundings and willing to interact with other face-to-face. That being said, the team are also working on an interactive map that shows all the neighborhoods involved. Our advice would be to check the map before you head out, then leave your phone at home while you go in search of the item you need.

Alaska Is A Petrol State (jdargis)

Most people who follow politics are familiar with one of the ways oil wealth is shared in Alaska. As was pointed out frequently during Sarah Palin’s appearance on the national scene, Alaska is in some ways a socialist haven. For the last several decades, oil pumped out of Prudhoe Bay and elsewhere in the state has been regarded as a state resource. The Alaska Permanent Fund was founded in 1976 as a basin to hold “at least 25 percent of all mineral lease rentals, royalties, royalty sales proceeds, federal mineral revenue-sharing payments and bonuses received by the state.” Its beneficiaries, according to the state constitution, were to be “Alaska and all present and future generations of Alaskans.”

New Technology Could End The Debate Over Pipeline Safety (James S.)

Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable. Yet that’s exactly what has happened; and it’s not just Saudi Arabia that has been left in North America’s dust -- Russia has, too. America’s existing pipelines are getting older and more prone to corrosion, and over the next five to 10 years, there will be a significant increase in the number of new pipelines.

The pipeline safety market is massive and growing, but one of the major hurdles for new technologies is the reluctance of pipeline companies to proactively invest in corrosion management and maintenance. In the past, they have largely focused on the bare minimum and viewed safety as a regulatory requirement.

Does Dirt Make You Happy? (jdargis)

The psychological benefit of nature has been well documented. When it comes to being happy or not, many studies show that psychiatric problems are more common in urban than in rural communities. That makes Lowry’s and Rook’s research interesting, as it gives us a better understanding of exactly why being outside, in a garden or on a farm, makes us feel good.

Gold & Silver

Click to read the PM Daily Market Commentary: 8/27/14

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."

2 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4149
KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1447
Re: Fed payouts to Treasury boost government's fiscal picture

Essentially this is a hidden tax of $100B on the middle-class taxpayers.  Plus it will ultimately lead to a much bigger crash which is why the FED is floating the idea of imposing "Exit Fees" on corporate bond funds.  I am thinking of Cyprus...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments