Daily Digest

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Daily Digest 9/27 - Exxon Arctic Well Strikes Oil, Catalonian Leader Calls For Secession

Saturday, September 27, 2014, 11:11 AM

Economy

This is What Heavy Multitasking Could Be Doing To Your Brain (Arthur Robey)

People who multitasked more across different media had lower gray-matter density in the anterior cingulate cortex (ACC: indicated by white dots in the image above).

This part of the brain, which lies towards the front, is mostly involved in aspects of cognitive and emotional control: things like empathy, decision-making and how we process rewards.

The Federal Reserve's Artful Compassion for Households in 'Sobering' Condition (Doug S.)

It is true that economic growth is helping tens of millions of Chinese move from near-poverty into lower-middle class standing. This is good. Nonetheless, this trend reflects extensive investment from the West as well as what was, until recently, a considerable competitive wage advantage held by the Chinese. Economic growth in the U.S. cannot be similarly stimulated by low wages, as American consumers are already strapped by cost of living overhead. In a consumer-driven economy, low wages are a prescription for slow growth. Consequently, some business people, like Seattle's entrepreneurial investor, Nick Hanauer, advocate for large increases to minimum wages in high cost metropolitan areas.

The Secret Recordings of Carmen Segarra (jdargis)

An unprecedented look inside one of the most powerful, secretive institutions in the country. The NY Federal Reserve is supposed to monitor big banks. But when Carmen Segarra was hired, what she witnessed inside the Fed was so alarming that she got a tiny recorder and started secretly taping.

Leader of Catalonia Calls for Independence Vote (jdargis)

Mr. Mas is pushing ahead with his independence plan after voters in Scotland rejected their own referendum this month on separating from the United Kingdom. While Scotland’s independence would have been welcomed as a significant precedent, Mr. Mas has called the Scottish vote a “great lesson in democracy” that Mr. Rajoy should heed.

Builders Turn Focus to Housing Market (jdargis)

The Fisher real estate family, which is also known for its office towers, is turning toward the residential side with the development of a 950-foot-tall condominium tower in TriBeCa and a 37-story apartment building on the East Side.

Although the Dursts have built a few apartment buildings in recent years, the Queens project represents a major, long-term investment in the city’s booming housing market and its first foray outside Manhattan.

Under Pact, Russians to Give Gas to Ukraine (jdargis)

Mr. Oettinger said the European Union would guarantee a loan from the International Monetary Fund to help Ukraine meet its debt payments. The deal foresees an initial installment of $2 billion due by the end of October, with the outstanding $1.1 billion due by the end of December.

“The details of the winter package are satisfactory,” Alexander Novak, Russia’s energy minister, told reporters. “I think a big step has been taken.”

Paul Krugman's Errors And Omissions (HughK)

conomist-columnist Paul Krugman took a swipe at our organization, Post Carbon Institute, lumping us together with the Koch Brothers as purveyors of 'climate despair.' But in our view, Krugman himself is guilty of five critical errors and three equally serious omissions.

Rosneft Says Exxon Arctic Well Strikes Oil (jdargis)

The development of Arctic oil reserves, an undertaking that will cost hundreds of billions of dollars and take decades, is one of Putin’s grandest ambitions. As Russia’s existing fields in Siberia run dry, the country needs to develop new reserves as it vies with the U.S. to be the world’s largest oil and gas producer.

Output from the Kara Sea field could begin within five to seven years, Sechin said, adding the field discovered today would be named “Victory.”

Gold & Silver

Click to read the PM Daily Market Commentary: 9/26/14

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

Montana Native's picture
Montana Native
Status: Silver Member (Offline)
Joined: Mar 17 2009
Posts: 162
xguilera's picture
xguilera
Status: Member (Offline)
Joined: Sep 30 2014
Posts: 2
About the Catalan process

Here you can read more information about the process in Catalonia:

http://www.wilson.cat/en/

Basically, Catalan people want to decide their political future by voting, whereas the Spanish government doesn't allow the vote.

But the roots of the conundrum are wide and deep: economic, cultural, legal... It is a big story!

xguilera's picture
xguilera
Status: Member (Offline)
Joined: Sep 30 2014
Posts: 2
About the Catalan process

Here you can read more information about the process in Catalonia:

http://www.wilson.cat/en/

Basically, Catalan people want to decide their political future by voting, whereas the Spanish government doesn't allow the vote.

But the roots of the conundrum are wide and deep: economic, cultural, legal... It is a big story!

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