Daily Digest

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Daily Digest 9/5 - Americans' Financial Lives In 21 Charts, Can We Set Aside Half The Planet For Wildlife?

Friday, September 5, 2014, 10:30 AM

Economy

Jobs Report: Not Good, but Not Terrible Either (jdargis)

How can we capture the sheer scope of the mediocrity? Start with the most widely tracked number, the number of jobs that the nation’s employers added to their payrolls in August. It was indeed a disappointment, coming in at only 142,000, well below the 230,000 economists had forecast and the revised 212,000 of July.

August was the weakest month of job gains yet this year, but if you look back just a little further, you get more context.

29 charts that explain Americans' financial lives (Yoxa)

People in those prime working years may be earning the most, but they've also seen the smallest gains over time. Looking at the last 25 years, those 35-54-year-old workers have seen their earnings hold flat or even decline slightly. Meanwhile, older workers have experienced big boosts in their earnings. Longer life expectancy and the need to work longer to save for retirement likely play big parts in why this pay bump for older workers took place, as older people work more hours and later into their lives than they used to.

'Limits to Growth’ vindicated: World headed towards economic, environmental collapse (Arthur Robey)

Turner and his associates sought to update the BAU scenario with information covering 1970 to 2010, gathered from the United Nations Educational, Scientific and Cultural Organization (UNESCO); the US National Oceanic and Atmospheric Administration (NOAA); BP’s Statistical Review of World Energy 2014; and elsewhere. They plotted the data alongside the ‘Limits to Growth’ scenarios.

“These graphs show real-world data (first from the MIT work, then from our research), plotted in a solid line,” Turner and Alexander wrote. “The dotted line shows the Limits to Growth “business-as-usual” scenario out to 2100. Up to 2010, the data is strikingly similar to the book’s forecasts.”

Why the Ukraine Crisis Is the West’s Fault (Michael_Armstrong)

Putin’s pushback should have come as no surprise. After all, the West had been moving into Russia’s backyard and threatening its core strategic interests, a point Putin made emphatically and repeatedly. Elites in the United States and Europe have been blindsided by events only because they subscribe to a flawed view of international politics. They tend to believe that the logic of realism holds little relevance in the twenty-first century and that Europe can be kept whole and free on the basis of such liberal principles as the rule of law, economic interdependence, and democracy.

Gold Model Projects Prices From 1971–2021 (GE Christenson)

Much of the official gold may have been “leased” or sold and many vaults, such as the Bank of England, NY Federal Reserve, and Fort Knox may be partially or nearly empty. With no transparency regarding gold in official vaults it is difficult to say conclusively what gold remains. But acknowledgement that central bank gold is “missing” could drive prices much higher.

Can the World Really Set Aside Half of the Planet for Wildlife? (jdargis)

Wilson recently calculated that the only way humanity could stave off a mass extinction crisis, as devastating as the one that killed the dinosaurs 65 million years ago, would be to set aside half the planet as permanently protected areas for the ten million other species. “Half Earth,” in other words, as I began calling it—half for us, half for them. A version of this idea has been in circulation among conservationists for some time.

Ocean acidification XPRIZE competition begins (jdargis)

A year ago, we reported on the launch of a new XPRIZE competition—not to launch a rocket, but to build a better device to measure ocean pH. The aim was to produce something that could be added to automated platforms like ARGO floats to greatly expand pH data collection, which presently has to rely mostly on expensive research vessel cruises.

BP, Halliburton and Transocean Found Negligent in Deepwater Horizon Spill (James S.)

A federal judge has ruled that BP is guilty of gross negligence in the 2010 Deepwater Horizon spill in the Gulf of Mexico. U.S. District Judge Carl Barbier also found Halliburton Co. and Transocean Ltd. negligent, but not to the extent that BP was in causing the disaster, which began with an explosion on Transocean’s offshore drilling rig on April 20, 2010 and ended up spilling an estimated 4.9 million barrels of oil into the Gulf for three months.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/4/14

Provided daily by the Peak Prosperity Gold & Silver Group

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4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4167
Montana Native's picture
Montana Native
Status: Silver Member (Offline)
Joined: Mar 17 2009
Posts: 166
Life is Excellent

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Web slowdown

It feeds my paranoia, this Web Slowdown.

It looks as though TPTB are losing the propaganda war and are strangling the Web at this critical juncture.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936

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