Daily Digest

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Daily Digest 9/8 - Wind Energy Cuts Electricity Bill, Has The World Fallen Out Of Love With Gold?

Monday, September 8, 2014, 9:34 AM

Economy

Has the world fallen out of love with gold? (Arthur Robey)

Chinese demand between April and June paled in comparison with the second quarter of 2013, when consumers flocked to buy the yellow metal as its price dropped.

Meanwhile in India, a cap on high value purchases in the run up to the general election in mid-May put the brakes on demand for new gold.

As Crises Pile Up, a President Sticks to His Deliberative Approach (jdargis)

Now Mr. Obama finds himself working to assemble a new “coalition of the willing” for what his advisers believe will be a lengthy effort to combat the Islamic State in Iraq and Syria, while trying — so far with mixed success — to find a nonmilitary means of pushing President Vladimir V. Putin of Russia away from a full-scale invasion of eastern Ukraine.

Some Retail Workers Find Better Deals With Unions (jdargis)

Now, I know the term “union” is a dirty word in some circles, even in this city, where labor still has considerable clout and has catapulted many workers into the middle class. But no one can deny that these union workers savor something that is all too rare in the retail industry right now: guaranteed minimum hours — for part-time and full-time employees — and predictable schedules.

This is no accident.

Destroying ISIS May Take Years, U.S. Officials Say (jdargis)

Mr. Obama will use a speech to the nation on Wednesday to make his case for launching a United States-led offensive against Sunni militants gaining ground in the Middle East, seeking to rally support for a broad military mission while reassuring the public that he is not plunging American forces into another Iraq war.

Iran Stiffens Resolve to Elude Sanctions in Face of Latest U.S. Penalties (jdargis)

Government officials in Tehran say the sanctions cast a shadow over critical upcoming negotiations between Iran and the five permanent members of the United Nations Security Council – the UK, China, France, Russia and the United States – plus Germany, a group known as the P5 +1.

The two sides failed to meet a July 20 deadline to reach an agreement under which Tehran would limit its nuclear energy research in exchange for the West tapering off the sanctions. A new deadline of Nov. 24 has been set and talks are to resume in New York when the UN General Assembly convenes later in September.

Danish wheat quality at an all-time low (Alan W.)

“The Danish rules mean that we can’t give the grain the amount of fertiliser that the plants actually need. That results in a gradual depletion of the ground’s nitrogen reserves, thus impoverishing the soil. As a consequence, the quality gets lower and lower,” council spokesman Torben Hansen told Jyllands-Posten.

The council points out that while the protein content in Danish wheat has dropped from around 11 percent before the introduction of fertiliser limits to the current 8.4 percent, across the border in Germany protein contents have remained unchanged and yields are up.

Wind energy cuts the electricity bill (Arthur Robey)

However, from 2010 onwards when renewable generation began to grow exponentially, the regulatory costs rose excessively, imposing a positive net cost on the system. "The penetration of renewable energy starts to be so high that the market prices do not fall any further and yet the costs of the incentives do in fact rise. There is a turning point and it is at that precise moment that the system is no longer sustainable. On the Spanish electricity market, that turning point was reached in 2010," explained Cristina Pizarro-Irizar.

The present and future of Iceland’s volcanic eruption (jdargis)

Another uncertainty is that we don’t yet know whether this is an isolated event or whether it is the start of a prolonged episode involving multiple events of seismic unrest and magma movement. If it is the latter, then we have some idea of what to expect as there was a well-studied episode that occurred between 1975-84 at a volcano called Krafla in north Iceland. During this period, there were 21 stretches of seismic unrest, some of which were accompanied by dyke intrusions moving out from a magma chamber, a few of which broke to the surface and formed eruptions just like the present Holuhraun event.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/5/14

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."

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Animals

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Two trillion becquerels of radioactive material may have escaped

Two trillion becquerels of radioactive material may have escaped (Unit) No. 1

Some 2 trillion becquerels of strontium-90 and cesium-137 may have flowed into the bay of Tokyo Electric Power Co.’s crippled Fukushima No. 1 plant during the 10 months to May this year, it was learned Sunday.

The amount exceeds by 10 times the limit of radioactive material releases Tepco set before the March 2011 meltdown accident at the power plant in Fukushima Prefecture.

http://www.japantimes.co.jp/news/2014/09/07/national/two-trillion-becque...

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saxplayer00o1
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No Tuesday Morning Update

Sort of a busy day, so no time for looking up news today. See you all tomorrow.

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