Daily Digest

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Daily Digest 10/25 - Planet Zoo, Sick Honeybees May Be Nursed By Doctors

Saturday, October 25, 2014, 10:16 AM

Economy

Combating a Flood of Early 401(k) Withdrawals (jdargis)

In a paper he wrote with a colleague, he noted that industry veterans tend to refer to these retirement withdrawals as “leakage.” But as the two of them wrote, it’s really more like a breach. And while that term has grown more loaded since their treatise appeared last year and people’s debit card information started showing up on hacker websites, it’s still appropriate. Millions of people are clearly not using 401(k) plans as retirement accounts at all, and it’s a threat to their financial health.

New Ebola Quarantine Protocol Seen as Barrier to Volunteers (jdargis)

On Friday, in a surprising move, Gov. Andrew M. Cuomo of New York and Gov. Chris Christie of New Jersey imposed a mandatory quarantine on individuals arriving at two area airports who have had direct contact with those infected with Ebola, including health workers.

Egon von Greyerz: A Swiss Gold Referendum YES Vote Will Be a Trendsetter for Central Banks (Jonathan D.)

Dan Popescu exclusive interview with Egon von Greyerz (Founder and Managing Partner of MAM / Member of the Board of Directors of Goldbroker.com) on the Swiss Gold Referendum.

Cohan: Fed Is Somewhat Deranged, QE Worsened Inequality (jdargis)

Bloomberg Contributing Editor Bill Cohan explains the link between the Federal Reserve’s quantitative easing program and income inequality in the United States and discusses comments from Goldman Sachs refuting gender bias claims by two former female employees. He speaks on “Market Makers.”

Planet Zoo (jdargis)

I, for one, am skeptical that prudence will ever trump appetite. Most of us know what we’re doing, but we’re still doing it. Sure, it’s socially acceptable nowadays to compost your coffee grounds and turn off your thermostat and grow strawberries on the porch, but it’s still considered uncool to suggest that the American capitalist system is untenable. Go to a birthday party for a sweet five-year-old girl, a friend of your kid’s, and suggest to the birthday girl’s smart, well-meaning parents that by buying their daughter the My Little Pony Ponyville La-Ti-Da Spa, they are dooming all of us to a future of desertification, dead seas, and cataclysmic weather events, and see how that goes over.

I Can Eat It (jdargis)

Currently, about 8 percent of children in the United States and about 2 percent of adults have diagnosed food allergies. It’s a mysterious epidemic. The rate of food allergies has more than doubled over the past decade and appears to be rising, with the rate highest among preschoolers. (Many more people self-identify as food allergic, but they are actually suffering from food intolerances or sensitivities.) An estimated one-quarter of people with food allergies will have an episode of anaphylaxis in their lifetime. These rarely result in death — the fatality rate is hard to quantify because such deaths are often coded as cardiac arrest — but they are the cause of 90,000 emergency room visits a year. Until recently, no effective therapy for the problem existed.

Sick Honeybees May Be Nursed By Doctors (jdargis)

These bees are also responsible for feeding honey to the larvae and distributing it to other members of the colony. So it's possible they are the hive's doctors, prescribing different types of honey to other bees depending on their infection. If that is true, it could be a big part of how bees fight disease.

8 Impossible Choices People Who Can't Afford Food Make Every Day (jdargis)

Among food-insecure families, 27 percent reported adding water to formula when there was a limited amount, a method that can affect a baby’s developing brain and lead to cognitive, behavioral and psychological issues, according to a 2012 Cincinnati Children’s Hospital Medical Center study.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/23/14

Provided daily by the Peak Prosperity Gold & Silver Group

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