Daily Digest

Image by oatsy40, Flickr Creative Commons

Daily Digest 11/8 - Finding The Money To Save Detroit, Trading Oil For Coal

Saturday, November 8, 2014, 12:55 PM

Economy

Ex-USSR leader Gorbachev: World on brink of new Cold War (jdargis)

But some of Mr Gorbachev's other opinions are controversial in the West. He said Europe and the US were partly to blame for the conflict in Ukraine, citing Nato's expansion into Eastern Europe.

And he accused Western leaders of triumphalism after 1989, saying they took advantage of Russia's weakness.

Democrats Say Economic Message Was Lacking (jdargis)

Yet during his presidency, the national party has set aside that build-it-and-they-will-come approach and allowed the 50-state strategy that Howard Dean, the former chairman, oversaw to wane, focusing instead on Democratic strongholds and battlegrounds. And rarely has Mr. Obama visited states that are not Democratic blue or swing-vote purple.

Finding $816 Million, and Fast, to Save Detroit (jdargis)

At the center of Detroit’s swift exit on Friday from the nation’s largest-ever municipal bankruptcy is a $816 million deal that has come to be known as “the grand bargain,” an improbable arrangement hashed out in many months of behind-the-scenes negotiations with foundations, the State of Michigan and the Detroit Institute of Arts.

The Green Monster (jdargis)

It was just around that time that other Border Patrol agents made a horrifying discovery, spotting one of the women Manzanares had left for dead wandering past a security camera—one link in the huge post-9/11 network of electronic eyes and sensors that now monitors the border region. Agents responded to the scene and after a brief search located both the injured mother and daughter, took them to the hospital and began looking for their attacker; the women described him as wearing green, so the agents suspected they were looking for one of their own.

Silver And Powerful Forces (GE Christenson)

China and Russia are aggressively purchasing silver and gold, including all their domestic production plus considerable quantities from the West. It is in their best interest to purchase metal at lower prices. Similarly, the West does not want China or Russia dumping their hoard of T-Bonds, which would hurt the T-Bond markets, the dollar, and would force interest rates higher. Some powerful international forces are working to maintain silver and gold prices at lower levels.

Trading Oil For Coal (jdargis)

Some legislators want to wrest that decision away. The House has previously voted to approve the pipeline over the president’s head. In May, Harry Reid actually offered Republicans a vote on a stand-alone Keystone bill if they passed a bipartisan energy-efficiency bill. Republicans demanded amendments on increasing liquefied natural-gas exports, Reid shut them down, and Republicans blocked the bill in another example of the procedural battles that have plagued the Senate for most of Obama’s presidency.

Electricity grows on trees thanks to the eTree (Wendy SD)

The old saying that money doesn’t grow on trees is unfortunately correct but when it comes to electricity growing on trees a company from Israel decided to make it reality. Sologic came up with the eTree, a tree-like structure with solar panel leaves which doubles as a meeting spot and a place to recharge electronic devices and connect to the internet.

Meet the Queen Bees Building Buzz for the Honey Industry (jdargis)

People think of two things when it comes to bees, she says. Honey and stinging. During visits to FFA groups and classrooms, the queens often bring a demonstration hive borrowed from a local beekeeper. And to convince audiences of the docile nature of honeybees, they’ll sometimes demonstrate a bee beard: allowing thousands of the insects to crawl on their neck and face while they discuss the hive.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/7/14

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."

4 Comments

HughK's picture
HughK
Status: Platinum Member (Offline)
Joined: Mar 6 2012
Posts: 760
JP Morgan Whistleblower & Matt Taibbi interviewed - DemocracyNow

JP Morgan Whistleblower Alayne Fleischmann & Matt Taibbi interviewed - DemocracyNow

ALAYNE FLEISCHMANN:   And one of the things that I think has been sold to the public is, well, these are really complex and difficult, or we don’t really know who did what. First, in my case, and what I’ve seen in these other cases, there are all sorts of documents that show exactly who was making the decisions and who knew what. The idea that they’re too complex, you know, these securities themselves that are sold to investors are complex, but the fact that the investors were lied to about the quality of the loans, that’s actually really easy. And the fact that obviously if you have people who can’t afford their loans, there’s going to be no money coming out of these loans, is also something that’s not a difficult thing to understand.

...

MATT TAIBBI: And this is an important distinction, too, is that it’s often not the line investigators who are the problem. The people who actually work these cases, the career prosecutors who are doing this digging, oftentimes they’re very talented and aggressive lawyers who really know what they’re doing. The problem is, the political wing of the Justice Department can take those cases and do whatever they want with them. And we saw, in Alayne’s case and in many other cases, that they take these excellent investigations, and then they just turn them into these slap-on-the-wrist settlements. And that’s what she’s worried about, I think.

 
Professor Schumpeter, it's not the working class that has coopted the democracy by voting itself entitlements so much as it is the capitalists who have coopted it, and placed themselves above the law.  :)
sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1763
Arthur, This is for you

 

Great movie.  Lots of PP themes converging here.  Interstellar.

Bankers Slave's picture
Bankers Slave
Status: Platinum Member (Offline)
Joined: Jul 26 2012
Posts: 520
Can you say "hypocrisy" or "double standards"

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
I Remain Implacable Sandpuppy.

"It's Alright, Ma (I'm Only Bleeding)"

Darkness at the break of noon
Shadows even the silver spoon
The handmade blade, the child's balloon
Eclipses both the sun and moon
To understand you know too soon
There is no sense in trying.

Pointed threats, they bluff with scorn
Suicide remarks are torn
From the fools gold mouthpiece
The hollow horn plays wasted words
Proved to warn
That he not busy being born
Is busy dying.

Bob Dylan.  My bold.

It looks as though we have chosen death. Life would have been so much more interesting. But no we remain Willfully Blind to the possibilities.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments