Daily Digest

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Daily Digest 10/18 - Rental America, Sao Paulo Suffers Worst Drought In Decades

Saturday, October 18, 2014, 1:12 PM

Economy

Rental America: Why the poor pay $4,150 for a $1,500 sofa (jdargis)

The poor today can shop online, paying in installments, or walk into traditional retailers such as Kmart that now offer in-store leasing. The most striking change in the world of low-income commerce has been the proliferation of rent-to-own stores such as Buddy’s Home Furnishings, which has been opening a new store every week, largely in the South.

Europe’s Fatal Flaw Laid Bare For All To See. Again. (Don R.)

The lofty leaders at the ECB, and Berlin, Paris, Brussels, pretend they can make everything right that’s wrong inside their toy monetary union through asset purchases, sovereign bond purchases, and anything that falls in the ‘whatever it takes’ category. But it’s all just bluff. Because, what it all boils down to, they can’t keep buying Greek bonds with German taxpayer money until the end of time.

Life in Quarantine for Ebola Exposure: 21 Days of Fear and Loathing (jdargis)

The complex’s manager urged Ms. Jallah to move her food to the apartment across the stairwell, which has been empty since a new renter decided against moving in after hearing about the neighbors. When the landlord sent a maintenance man to deliver the key, he arrived wearing two pairs of rubber gloves.

Designer viruses could be the new antibiotics (jdargis)

Until recently, people thought bacteria were too simple to possess any sort of adaptive immunity. But in 2007, a group of scientists from the dairy industry showed that bacteria commonly used for the production of cheese and yogurts could be “vaccinated” by exposure to a virus. Two years earlier, others noticed similarities between repetitive sections in bacterial genomes and the DNA of viruses. These repetitive sequences—called CRISPR for “clustered regularly interspaced short palindromic repeats”—had been known for 20 years, but no one could ever explain their function.

Unable To Meet The Deductible Or The Doctor (jdargis)

About 7.3 million Americans are enrolled in private coverage through the Affordable Care Act marketplaces, and more than 80 percent qualified for federal subsidies to help with the cost of their monthly premiums. But many are still on the hook for deductibles that can top $5,000 for individuals and $10,000 for families — the trade-off, insurers say, for keeping premiums for the marketplace plans relatively low. The result is that some people — no firm data exists on how many — say they hesitate to use their new insurance because of the high out-of-pocket costs.

Skunk Works Reveals Compact Fusion Reactor Details (Arthur Robey)

Although the company released limited information on the CFR in 2013, Lockheed is now providing new details of its invention. Aviation Week was given exclusive access to view the Skunk Works experiment, dubbed “T4,” first hand. Led by Thomas McGuire, an aeronautical engineer in the Skunk Work’s aptly named Revolutionary Technology Programs unit, the current experiments are focused on a containment vessel roughly the size of a business-jet engine. Connected to sensors, injectors, a turbopump to generate an internal vacuum and a huge array of batteries, the stainless steel container seems an unlikely first step toward solving a conundrum that has defeated generations of nuclear physicists—namely finding an effective way to control the fusion reaction.

Sao Paulo suffers worst drought in decades (Alan W.)

Men fish in the Atibainha dam, that forms part of the Cantareira System, responsible for providing water to metro Sao Paulo, in Nazare Paulista, Sao Paulo state, Brazil, on Oct. 17, 2014. The level of the Cantareira System, that provides water for around 6.5 million people, is beneath 4 percent of its total capacity, due to the worst drought that Sao Paulo has suffered in decades, according to local press.

Pest-Plagued Florida Scientists Design 3-D Printed Insect Traps (jdargis)

Trevor Smith, FDACS scientist and head of the 3-D printing project, points out that sticky traps contain no preservative, which means you need constant collection to get useful molecular or genetic research information. The new 3-D printed traps seem to work better for disease monitoring because the insects can be recovered from a reservoir of preservative. This means researchers can more readily test for presence of the bacteria that cause citrus greening, zebra chip and leaf greening disease.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/17/14

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
KugsCheese's picture
KugsCheese
Status: Diamond Member (Offline)
Joined: Jan 2 2010
Posts: 1428
Re: Unable To Meet The Deductible Or The Doctor

The way BOcare is structured it will result in sick people waiting until the catastrophe which will drive up the costs in stead of paying to possibly nip it in bud. For example, difference between Stage 2 and Stage 4 cancer.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066

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