Daily Digest

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Daily Digest 9/12 - N.J. S&P Debt Rating Downgraded, Crystals For Solar Energy

Friday, September 12, 2014, 10:33 AM

Economy

Russia and Ukraine: A brief intermission (jdargis)

From the outset the Kremlin has been advocating a permanent ceasefire, not from humanitarian impulses but because it likes the idea of frozen conflict-zones in the east of Ukraine. The political mood in Kiev spurred Mr Poroshenko to press on as long as Ukrainian forces had momentum. But the incursion by Russian troops with heavy weapons in late August showed that Mr Putin would not allow Kiev a military victory. Without direct NATO aid, Mr Poroshenko felt forced to make a deal.

Next Week’s Fed Meeting Could See a Rise in the Dollar (Tyler K.)

Whatever the case, a good chance exists that when Chair Yellen reports to the world next Wednesday the outcome of the Fed’s pontifications, we hear that the arbiters of American monetary policy have changed some very significant language. The Fed just might remove the phrase “considerable time” that it has long-used to denote the very generic period of time that will elapse between the end of the Quantitative Easing program in October and the first rate hike.

American shakedown: Police won't charge you, but they'll grab your money (westcoastjan)

Then the police officer wants to chat, asking questions about where you’re going, or where you came from, and why. He’ll peer into your car, then perhaps ask permission to search it, citing the need for vigilance against terrorist weaponry or drugs.

What he’s really looking for, though, is money.

Disillusioned by the Economic "Recovery" (Taki T.)

To further encourage credit supply in the continent, the ECB also mentioned it will launch its targeted longer-term refinancing operations (TLTROs), an enhanced and improved bank lending mechanism (excluding mortgage lending). Auctions are scheduled for September and December this year. An initial USD400 billion will be up for grabs! But the biggest revelation was that the ECB would start a US-style bond-buying facility by purchasing asset-backed securities (ABS) from banks.

What are we here for? What is the reason for being alive? What is our true purpose? (Jim R.)

For our ancestors living in a world without laws, without limits and without any societal constraints these laws ensured that the fittest dominated the tribe and made sure that the next generation would ensure the survival of the human race. However in order for us to enjoy UHD TV, Samsung Smart Phones, long distance air travel, unlimited knowledge and videos on the web we need a society that allows geeks to specialize in this stuff without being dominated and ripped to peaces because they looked twice at the lass of the alpha male in the tribe.

Scottish referendum too close to call, says ICM poll (jdargis)

The period of the survey not only witnessed the three UK party leaders absenting themselves from prime minister’s questions to campaign in Scotland, but also a growing rumble of news stories about the economic risks of independence: Mark Carney, the Bank of England governor, gave new warnings over the currency, some financial institutions such as RBS signalled readiness to move their headquarters out of Edinburgh, and there have been warnings about a mortgage drought.

Citing Christie's pension cuts and budget issues, S&P downgrades N.J. debt rating (jdargis)

"Like Fitch, Standard & Poor’s rating action calls on the State’s elected leaders to take on the State’s long-term pension and health liabilities that will continue to place additional pressure on future budgets," Santarelli said. "While Governor Christie has been highlighting the issue and calling for bipartisan action to address these concerns since February, leaders in the Legislature continue to deny the problem and balk at the idea of additional reform."

Controlling Crystal Growth Can Lead To Cheap, Efficient Solar Energy (James S.)

Among solar energy researchers, there’s nothing new about “perovskites” -- crystals that absorb both visible and infrared light and convert sunlight into electricity.

They’ve been around since 2009. But though they’re inexpensive to produce, scientists have been unable to manufacture uniform crystals that will provide consistent performance in commercial applications.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/11/14

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."

4 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4163
sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1922
Police shakedown

Where would we be if the general public did not perceive the police to be the maintainers of a fair and orderly society?  If the foundational rules of society were not understood to be basically fair?  If government investigations came to be viewed as deceptions?  If the courts could not be trusted to consistently find justice?

American shakedown: Police won't charge you, but they'll grab your money 

What if the police came to be perceived as just another "family" in the competing organized crime syndicates that prey on the public?

This would NOT be a good development for social order.

I think that the American shakedown article is what JHK meant in a recent podcast when he said that the government was "hemorrhaging legitimacy." 

jonesb.mta's picture
jonesb.mta
Status: Silver Member (Offline)
Joined: Jun 11 2008
Posts: 126
American Shakedown

You and I already perceive the police as a crime family (otherwise you wouldn't ask what if), maybe not all police but a good percentage. I have run across a few good ones but for the most part I wouldn't trust a cop as far as I can throw my house. We need more peace officers and less cops.

KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1449
Re: American credit-card debt hits a post-recession high

So has BO told credit card companies to relax credit before election?

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