Daily Digest

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Daily Digest 9/21 - The Rise Of Unexpected Medical Bills, Can The U.S. Achieve Energy Self-Sufficiency?

Sunday, September 21, 2014, 12:42 PM

Economy

CIA Insider Warns: "25-Year Great Depression is About to Strike America" (blackeagle)

Decades back this unique warning sign was created for determining how close our country was to a social collapse. It simply adds the true inflation rate with the true unemployment rate.

However, the Federal Reserve has repeatedly changed the way the Misery Index has been calculated over the years. Which Rickards believes is now being used to cover up the true scope of the problem.

Why Federal College Ratings Won’t Rein In Tuition (jdargis)

To reconcile this paradox, we need some background on college finances. Public colleges depend on two sources of revenue for educating undergraduates: tuition from students and appropriations from their state legislatures. Top research institutions, like the University of Michigan and University of Virginia, also get revenue from endowments, research grants and teaching hospitals. But most students attend public schools where tuition and state funds pay for almost everything.

Slamming A Door On Hedge Funds (jdargis)

Frederick E. Rowe Jr., vice chairman of the Employees Retirement System of Texas and general partner at Greenbrier Partners, a money management firm in Dallas, said he hoped Calpers’s move would be a game-changer for pensions. “This is a really critical period in the investment world where pension funds have a chance to demonstrate a little responsibility,” he said. “We should be paying less and getting more for our retirees. Calpers is teeing it up for everybody.”

Financial Criminals Have Been Fined Billions, but They Rarely Pay (jdargis)

Belfort’s relatively consequence-free story is only one of the more prominent ones in a parade of aggravating numbers reported on earlier this week by The Wall Street Journal. There’s still $97 billion out there in penalties that the Justice Department has failed to recover, and between September 2012 and September 2013, the department collected only 22 percent of penalties doled out. One particularly demoralizing figure was that the Commodity Futures Trading Commission had collected about a tenth of a percent of the $3.7 billion owed to wronged investors.

Paying Till It Hurts: After Surgery, Surprise $117,000 Medical Bill From Doctor He Didn’t Know (jdargis)

Insurers, saying the surprise charges have proliferated, have filed lawsuits challenging them. In recent years, unexpected out-of-network charges have become the top complaint to the New York State agency that regulates insurance companies. Multiple state health insurance commissioners have tried to limit patients’ liability, but lobbying by the health care industry sometimes stymies their efforts.

Can U.S. achieve energy self-sufficiency? (tallestmanonearth)

Steven Chu, Professor at Stanford University and former U.S. Energy Secretary, gives his take on whether America can be energy self-sufficient.

This Scottish Island Is Nearly Free of Fossil Fuels (jdargis)

One Eigg resident, Ailidh Morrison, told Scotland's Sunday Post last month that she would be voting Yes, because "...if you look at Eigg as a microcosm of how you can come from nothing, having no infrastructure, no power, no homes, and in 17 years to almost double your population, have infrastructure, have your own independent power system, have houses for people to live in an have an economy that is thriving—not just existing or surviving but thriving—I think you can see what you can do if you give people freedom and responsibility."

A Land Under Waves (Bob W.)

Why does a man who knows about global warming and rising sea levels live by a saltwater canal where his back yard ends twenty inches above the water? Because the location is too beautiful to give up. And because I don’t know if the canal will rise to the doorstep during my lifetime. We had a preview in 2009 when hurricane Faye drove Atlantic waters against the coast and into the lagoons. My dock and seawall were under water. No one could remember the canal ever rising that high.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/19/14

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."

3 Comments

TechGuy's picture
TechGuy
Status: Gold Member (Offline)
Joined: Oct 13 2008
Posts: 428
What we really know about climate change

What do we Really Know about Global Warming?

https://www.youtube.com/watch?feature=player_embedded&v=ExgKJpJyDXQ

 

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4164
HughK's picture
HughK
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 761
We know a lot about QE, peak oil, and global warming.
TechGuy wrote:

What do we Really Know about Global Warming?

https://www.youtube.com/watch?feature=player_embedded&v=ExgKJpJyDXQ

 

Here is a bit of info on Roy Spencer, a NASA research scientist who is the speaker in the link above.  In the video, Spencer himself calls the conference where he is speaking "the Heartland Conference" because the International Conference on Climate Change is put on by the Heartland Institute.

Roy Spencer - Skeptical Science

Roy Spencer - Source Watch

Heartland Institute - Source Watch

A basic example of how Spencer doesn't frame the issues in a comprehensive way is his assertion that "maybe putting more CO2 in atmosphere is a good thing."  Even many of those at PP who are reluctant to acknowledge climate change as the keystone of the third E have recognized that ocean acidification - which is caused by more CO2 in the atmosphere -  is a major threat to the marine food web. It may also be a major threat to coccolithophores, microscopic phytoplankton that are - even more than the Amazon rainforest - the lungs of the world.

On a more basic level, why is it that some might think that...

distorting the money supply has consequences,

and 

hitting limits to our fossil fuel driven expansion has consequences

but

effecting one of the largest changes to the biosphere in a short period of time does not have consequences?

The data pointing to climate change (and ocean acidification) are present on a great number of different levels, just as are the data on slowing growth in oil production and unsustainable economic policies.

Cheers,

Hugh

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