Daily Digest

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Daily Digest 11/11 - Classifying The Internet As A Utility, Living Tiny

Tuesday, November 11, 2014, 12:32 PM

Economy

Protect Yourself From Future Housing Crises By Living Tiny (herewego)

It is clear from the recent studies that Florida sites in his article that more and more people are struggling to make their housing payments. A CNN article on America’s unsettling comfort with personal debt, shares, “Americans haven’t become much better at keeping track of their personal finances since the recession began in 2008″. Further, in the article, Greg McBride, chief financial analyst at Bankrate.com, says, “American consumers are not showing improvement in these areas”. Compounding this debt issue is the fact that mortgage underwriting standards have become even more lax.

Obama says FCC should reclassify internet as a utility (jdargis)

Regulating internet service under Title II would mean reclassifying it as a utility, like water. This means that internet providers would just be pumping internet back and forth through pipes and not actually making any decisions about where the internet goes. For the most part, that's a controversial idea in the eyes of service providers alone. It means that they're losing some control over what they sell, and that they can't favor certain services to benefit their own business. Instead, providers would be stuck allowing consumers to use the internet as they want to, using whatever services they like without any penalty. If that sounds pretty great, it's because that's basically how the internet has worked up until now.

Silver to S&P Ratio: What It Tells Us (GE Christenson)

Based on Friday’s upticks, last week may have been the turning point for silver prices and the silver to S&P ratio. Or perhaps the S&P will continue reaching for the sky even though QE is supposedly diminishing, while silver prices drop further below the cost of production. Both seem unlikely but we shall see.

Russia, China Sign Second Mega-Gas Deal: Beijing Becomes Largest Buyer Of Russian Gas (Elisabeth)

Miller noted that with the increase of deliveries via the western route, the total volume of Russian gas deliveries to China may exceed the current levels of export to Europe in the medium-term perspective. In other words, China has now eclipsed Europe as Russia's biggest, and most strategic natural gas client.

Gold US$5,000: Is it Possible? And when? (Jonathan D.)

Now let us look at the present picture of the gold market since 2000 (graph #2) and compare it both to the ’70s bubble and to the typical bubble model. If, and this is a big if, history repeats, then gold is now in the Awareness Phase and, more specifically, at the end of a Bear Trap. If the gold price is to follow like in the ’70s the same pattern, or something close to it, then it looks not only possible that the price of gold will reach US$5,000, but even exceed it and approach the $6,000 level. As for when, if the ’70s’pattern repeats, even if not exactly in the same way, we could expect the Mania Phase to start somewhere between 2015 and 2017 and last until 2022-23.

Latest Electric Car Innovation Could Recharge Batteries In Minutes (Evan K.)

Imagine the fender of an electric car not just preventing mud splatters but also turbocharging the vehicle’s battery in a matter of minutes. And imagine this technology on the road in about five years. Stop imagining. Scientists at the Queensland University of Technology (QUT) in Australia report that they’ve developed inexpensive supercapacitors that can be used in tandem with ordinary batteries to increase the acceleration of an electric car and can recharge the batteries in a matter of minutes.

After the Deepwater Horizon Oil Spill (jdargis)

Feinberg was already well-known for his efforts on behalf of victims of other disasters: the 9/11 Victim Compensation Fund, Agent Orange, and the Virginia Tech and Boston Marathon massacres, to name a few. He grandly declaims into the camera that he’d been brought in on this one “because of credibility.” But the Gulf case defeated him, and the fund was shut down in 2012. That’s when BP entered into a mass settlement of a civil lawsuit against the company—a settlement that may be paying some folks who weren’t even affected by the spill, while still leaving many deserving victims high and dry.

Zealot of US climate change sceptics Jim Inhofe to determine environmental policy (jdargis)

In 2012, while publicising his own book on a radio talk show, Senator Inhofe quoted the Bible (Genesis 8:22) to support his thesis. “My point is, God’s still up there. The arrogance of people to think that we, human beings, would be able to change what He is doing in the climate is to me outrageous,” he said.

Senator Inhofe’s views on climate change are extreme even within his own party, but many Republicans share his suspicion of the EPA, including Mitch McConnell, the incoming Senate Majority Leader, who has vowed to reverse the agency’s rules on cutting carbon emissions from US power plants: the Obama administration’s signature climate policy.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/10/14

Provided daily by the Peak Prosperity Gold & Silver Group

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3 Comments

sand_puppy's picture
sand_puppy
Status: Diamond Member (Offline)
Joined: Apr 13 2011
Posts: 1930
Wealth Inequality Milestone

A very stunning milestone in the opprobrious saga of wealth inequality in the USA.  The top 0.1% now hold the same amount of wealth as the bottom 90%.

(Source)

(I wonder if the bottom 90% will notice anytime soon?)

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4169
pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2247
re Obama wants FCC to reclassify internet as utility

Great catch, JDargis.  I find this latest news about the Government trying to get regulatory control of the internet really disturbing.   When the US Government wants to be as controlling of media as the Chinese Gov't, the US people have cause to worry about their freedom.

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