Daily Digest

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Daily Digest 9/22 - Against The Sharing Economy, 400,000 March To Address Climate Change

Monday, September 22, 2014, 11:20 AM

Economy

Germany's Ailing Infrastructure: A Nation Slowly Crumbles (Tom C.)

Fratzscher has headed the German Institute for Economic Research (DIW) for more than a year now, and it is clear that this newfound proximity has sharpened his view of the contradictions in the world's fourth-largest economy. German industry sells high-quality automobiles and machines around the world, but when the plaster begins to crumble in an elementary school, parents have to raise money to hire a painter. Companies and private households are sitting on trillions in assets, but half of all autobahn bridges are urgently in need of repair. Germany derives more benefits from Europe than most other countries, and yet its citizens feel taken advantage of by Brussels.

Ebola outbreak: Sierra Leone lockdown declared 'success' (jdargis)

According to the UN agency, the number of overall deaths from Ebola had risen to nearly 2,793 and the disease remains "a public health emergency of international concern".

The deadly virus is transmitted through sweat, blood and saliva, and there is no proven cure.

Against Sharing (jdargis)

Uber drivers have no say in the pricing, yet they must carry their own insurance and foot the bill for gas and repairs — a cost of 56¢ per mile, according to IRS estimates. With Uber’s new pricing model, drivers are forced to work under razor-thin margins. Arman, for instance, made about $20 an hour just a year ago. And now? Some days he doesn’t even break minimum wage.

New technique gets pure hydrogen out of splitting water (jdargis)

Loading the mediator with hydrogen was tested in an airtight electrolysis cell containing either a Pt or carbon felt anode and a carbon cathode. The researchers found that the reduced form of the mediator could easily be transferred into a sealed reaction flask where metal foils can catalyze hydrogen evolution.

The PetroYuan Cometh: China Docks Navy Destroyer In Iran's Strait Of Hormuz Port (pinecarr)

The rise of the PetroYuan has not been far from our headlines in the last year, with China increasingly leveraging its rise as an economic power and as the most important incremental market for hydrocarbon exporters, in the Persian Gulf and the former Soviet Union, to circumscribe dollar dominance in global energy - with potentially profound ramifications for America’s strategic position.

Scotland’s Oil Future Will Remain In British Hands (James S.)

A fearsome volley was launched back in February when Energy Secretary Ed Davey spoke of the “vulnerability” facing the people of Scotland. “An independent Scotland….(could be) over-dependent on one industry and on one source of tax revenue. We saw (North Sea) tax revenue fall in one year, 2012-2013, by 40 percent….It should sound a note of caution: if we think that there is this money tree of the oil and gas industry which will fund independence, that simply is not true.” Daley’s comments were backed up by the report of Sir Ian Wood that found exploration in the North Sea at an all-time low and recommended a series of tax breaks and incentives to increase collaboration between companies to stem a 38% production drop since 2011.

Photos: 400,000 Protesters March To Prevent Annihilation By Global Warming (jdargis)

"Look at the rivers, look at the sky, look at China, look at the United States," José Escalona-Martinez said after he took his Batman mask off and laid down his "Carbon Tax" sign in Times Square. Escalona-Martinez had recently gotten out of jail after an altercation with a drunk tourist, but wanted to be back on the job for the protest.

Zero Percent Water (jdargis)

A man named Jeff Yarbro hammers on about who they see as enemy #1: environmentalists. As Yarbro has it, the environmentalists have fought to make sure whatever precious water is released from the state’s reservoirs goes to facilitating salmon runs. The problem is that most of this water heads out into the ocean with no attempt to reuse it. “They want this valley all jackrabbits and sage brush,” he says, meaning the environmentalists. “They don’t believe we should be here. They’d like to turn the valley like it was a hundred years ago. And for us to go elsewhere.”

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."

8 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4064
thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
Billionaires hoarding cash

Billionaires are hoarding cash (10 times more than this time last year).  Go figure!

http://www.cnbc.com/id/102021996

Some are also stocking up on gold bars.

http://www.thedailysheeple.com/the-dow-and-sp-500-soar-to-irrational-heights-meanwhile-the-ultra-wealthy-rush-to-buy-gold-bars_092014

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1513
I'll bring the pitchforks

I'll bring the pitchforks.  Anybody have torches and rope?

"The Next Crisis - Part two - A manifesto for the supremacy of the 1%."

http://The Next Crisis – Part two – A manifesto for the supremacy of the 1%

phecksel's picture
phecksel
Status: Silver Member (Offline)
Joined: May 24 2010
Posts: 204
Hydrogen splitting

10:1 it's the same old unproven tired argument that has never been lab duplicated.

Guy is a master marketer for "investment" opportunity

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4064
Tiger’s Robertson Says Bond Bubble to End in ‘Very Bad Way’
  1. Tiger’s Robertson Says Bond Bubble to End in ‘Very Bad Way’
  2. New York’s MTA Facing $15.2 Billion Capital Budget Shortfall
  3. Treasury unveils measures to combat tax inversions

(One of the comments at the bottom of #3):

"Anne D

1 hour ago

It feels like being trapped in a bad marriage to a psychopathic and abusive spouse. You can't live in peace at home and they make sure you can't run away."

 

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
US launches air strikes against Isis targets in Syria

http://www.theguardian.com/world/2014/sep/23/us-launches-air-strikes-against-isis-targets-in-syria

  • US and allies have deployed jets and missiles against militants
  • Isis stronghold of Raqqa is among targets, says US official
  • Bombing raids could become ‘daily’
  • Saudis, UAE and Jordan involved, CNN reports

And from ZH, "US & Arab Partner Nations Begin Airstrikes In Syria - Live Feed", @

http://www.zerohedge.com/news/2014-09-22/us-arab-partner-nations-begin-airstrikes-syria

kookaburra's picture
kookaburra
Status: Member (Offline)
Joined: Dec 12 2013
Posts: 2
Low Oil Prices: Debt Bubble Collapse, End of Oil Supply?

 

excellent new article by gail tverberg on Our Finite World:

Low Oil Prices: Sign of a Debt Bubble Collapse, Leading to the End of Oil Supply?

http://ourfiniteworld.com/2014/09/21/low-oil-prices-sign-of-a-debt-bubbl...

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4064
Fed's Kocherlakota calls for clarity on inflation target

(For 9/23)

Headlines:

 

  1. Venezuela's Maduro launches civilian disarmament plan
  2. Gold Reserve says awarded $740.3 mln in Venezuela Brisas arbitration
  3. Eurozone business growth slows in September, PMI survey finds
  4. ECB will use 'unconventional tools' to spur eurozone growth
  5. WHO: 21,000 Ebola cases by November if no changes
  6. Ebola Cases Could Reach 1.4 Million in 4 Months, C.D.C. Estimates
  7. U.K. budget deficit widens as data is overhauled
  8. Denmark to miss EU deficit goal as central bank cuts growth view
  9. South Korea's national debt nears 490 tln won in 2013: gov't data
  10. Obama Administration Issues New Rules to Combat Tax Inversions
  11. Lack of liquidity in corporate bonds hits index funds
  12. Fed's Kocherlakota calls for clarity on inflation target
  13. Yuan Gaining Momentum in Russia
  14. Hong Kong central bank warns of 'very high' risks linked to higher rates
  15. Costa Rica to Accelerate VAT Reform After Downgrade
  16. Ukraine Eurobonds plunge as markets sense restructuring pain
  17. Hedge Funds Circling Venezuela as Yields Top 15%
  18. IMF Says Zimbabwe Must Repay Debt to Be Eligible for More Credit
  19. Atlantic City's credit rating is downgraded
  20. Wholesale Water Supplier To Half California’s Population Quickly Running Through Supplies As Drought Drags On
  21. Detroit Residents: Restore Our Water
  22. Ukraine crisis risks recession for Europe: El-Erian
  23. Pennsylvania Rating Cut to Lowest Since ’97 by Fitch on Pensions
  24. Sound off: Phoenix's potential deficit
  25. Ukraine Vows to 'Punish' Speculation That Weakens Currency

 

 

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