Daily Digest

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Daily Digest 11/3 - Artisinal Energy, Retailers Retooling For Holiday Season

Monday, November 3, 2014, 11:31 AM


For Whom Are the Japanese Leaders Kuroda and Abe Making Their Monetary and Fiscal Policy? (Adam)

It makes me wonder if the policy being pursued by the BOJ is not designed to help the people of Japan now, so much as to support the requests of the international banking concerns, more specifically the US Federal Reserve.

This made me wonder if Kuroda is pursuing the same type of trickle down stimulus in buying large amounts of financial paper by printing money, rather than engaging in policy actions to stimulate aggregate demand.

Statoil’s Sverdrup development could cost up to $32.5bn (Alan W.)

Statoil, like is peers around the globe, has been cutting capital spending this year to save on costs, but has given priority to Sverdrup as its cash-flow break even level is estimated to be less than $40 per barrel of oil, providing ample returns even if oil prices stay low.

"This will be a gigantic project that will secure energy supply and jobs and result in substantial spin-offs and value for Norwegian society, the industry and the partnership behind the development," Arne Sigve Nylund, Statoil's Norwegian production chief, said in a statement.

In States Voting on Minimum Wage, Even Critics Sound Like Supporters (jdargis)

“These groups have noticed that minimum-wage increases can easily pass — they have seen this in the past few years,” said John G. Matsusaka, executive director of the Initiative and Referendum Institute at the University of Southern California. “They can’t get it through the legislatures in these red states, so they do it this way.”

Everything you think you know about the news is probably wrong (jdargis)

And here’s how each country stacked up on the individual issues. In the charts below, the “Guess” column represents the average of answers given by those polled. The “Difference” column represents the number of percentage points by which people missed the mark, on average. The “Actual Value” column is the actual statistic for each country.

Stung Last Year, Retailers and Shippers Retool for the Holiday Season (jdargis)

U.P.S. expects to ship 585 million packages in December, 11 percent more than last year, when it shipped 31 million parcels on Dec. 23. This year, the carrier, which ships an average of 17 million packages a day, is preparing to send 34 million pieces of mail on Dec. 22, according to a spokeswoman, Susan Rosenberg.

“We started talking to our customers much earlier this year, and we were planning together with them for their volume forecasting,” she said.

How Global Fossil Fuel Dependence Hasn`t Changed In 20 Years (Evan K.)

Whilst enjoying the good natured exchanges on this blog concerning the pros and cons of new renewable energy sources I decided to dig deeper into the success of Green energy policies to date. Roger Andrews produced this chart the other day and the low carbon energy trends caught my eye. It is important to recall that well over $1,700,000,000,000 ($1.7 trillion) has been spent on installing wind and solar devices in recent years with the sole objective of reducing global CO2 emissions. It transpires that since 1995 low carbon energy sources (nuclear, hydro and other renewables) share of global energy consumption has not changed at all.

Germany's Revolution in Small Batch, Artisanal Energy (Jdargis)

"It's a complex work of art," says van Bergen about Stadtwerke Schwäbisch Hall's daily managing of the county's energy supply. "Local utilities and citizen-owned energy sources are just the right fit for Germany's Energiewende," he says, referring to the German term for the country's coordinated transition to clean energy. One of the crucial take-aways from Schwäbisch Hall -- and Germany's renewable energy revolution -- is that small can be big, and become much bigger quickly.

Effects of climate change ‘irreversible,’ U.N. panel warns in report (jdargis)

The report said some impacts of climate change will “continue for centuries,” even if all emissions from fossil-fuel burning were to stop. The question facing governments is whether they can act to slow warming to a pace at which humans and natural ecosystems can adapt, or risk “abrupt and irreversible changes” as the atmosphere and oceans absorb ever-greater amounts of thermal energy within a blanket of heat-trapping gases, according to scientists who contributed to the report.

Gold & Silver

Click to read the PM Daily Market Commentary: 10/31/14

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."


saxplayer00o1's picture
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4237
thc0655's picture
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1712
"Invited" into the Healthcare Marketplace!


EFFORTS to refine Obamacare dross into gold are turning into self-parodies of liberal spin.


At a recent hearing conducted by the Virginia legislature, federal Health and Human Services official Joanne Grossie told lawmakers that people shouldn’t view the cancellation of insurance policies due to Obamacare as losing insurance. It’s really an “invitation” to get another policy, Grossie said.

“If you got one of the notices that your policy was going to be discontinued because it didn’t adhere to the law, it meant that now you could go into the health insurance marketplace,” she said. “So, I just want to remind you that you weren’t losing insurance; you were just losing that insurance plan and were now being invited to go into the health insurance marketplace.”

Gosh, that puts things in a whole new perspective! No doubt, the administration’s new logic can be applied to a wide range of situations in both politics and daily life.

Your wages haven’t been stagnant thanks to President Obama’s economic policies. You’ve merely been “invited” to live an increasingly frugal lifestyle. You weren’t fired from your job. You were “invited” to look for other employment opportunities. Your spouse didn’t divorce you. You were merely “invited” to return to the single life.

You didn’t … well, you get the idea. That federal officials offer farcical answers in response to serious questions shows this administration’s disdain for, or cluelessness about, the general public. Remember, Obama promised that we could keep our coverage if we liked it. That invitation got lost in the maelstrom that characterizes the Obamacare fiasco.

Via The Oklahoman


GM_Man's picture
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Joined: Nov 4 2012
Posts: 74
The Democratic Party Don't Understand That....

I can't believe that Obama and in particular, my Senator, do NOT UNDERSTAND WHY I didn't vote for them at all if given a choice this election year.

They have become so Arrogant as to not understand what they have done to We-The-Peeps with all the BS about their great health care solution, the way that they coddled Wall Street, the way they patronize us with this 'you have been invited to join the healthcare marketplace', the way that they use the Federal Bureaucracy to terrorize journalists, the way that they threaten our entire rights as codified under the Bill of Rights!

I may have to change my moniker to the Angry American, but I am so sure that it is taken by 300 Million of WTP...


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