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Daily Digest 11/15 - Salt-Water Fish See Extinction By 2048, Why Aren't Milennials Saving Money?

Saturday, November 15, 2014, 11:32 AM

Economy

World Economy Worst in Two Years, Europe Darkening, Deflation Lurking: Global Investor Poll (jdargis)

Much of the concern is again focused on the euro area: Almost two-thirds of those polled said its economy was weakening while 89 percent saw disinflation or deflation as a greater threat there than inflation over the next year. Respondents said the European Central Bank and the region’s governments are making the situation worse by pursuing too-tight policies, and fewer expressed confidence in ECB President Mario Draghi and German Chancellor Angela Merkel.

U.S. Men Make Employment Gains (jdargis)

Men suffered far more in the recession, in part because occupations that are dominated by men were hard hit. Construction jobs — only about an eighth of which are held by women — were devastated, falling nearly 30 percent from the peak and, even now, are still well below 2007 levels. The number of jobs in education and health services, on the other hand, dipped by just 4 percent. More than three-quarters of those jobs are held by women.

Vigilant Eye on Gender Pay Gap (jdargis)

Employers need to keep several data points on their workers to run the sophisticated assessments needed to tease out gender bias, academics said, and the depth of employers’ human resources systems vary. But several companies — from diaper purveyors to military contractors who have them in place — said these systems had also helped them begin to tackle another related challenge: Why are so few women at the top of the organizations (or even the top of the middle)?

Why Aren't Milennials Saving Money? (jdargis)

This mistrust of banks, along with historically low income and investment, is added to the fact that saving money is just really hard—for everyone. It may be that we need to trick ourselves to do it: Harvard economist David Laibson has some suggestions on how to raise the savings rate for those with jobs, namely an opt-out (rather than an opt-in) system that would make it easier for Americans to save. New companies like LearnVest offer financial planning for young professionals. While there's still some debate amongst economists about whether a high savings rate is good for the economy, making saving easier is definitely a step in the right direction for Millennials to become more financially stable and a less cheap generation.

Two Dozen Retailers Won’t Open on Thanksgiving–And They’re Shaming the Ones That Will (jdargis)

Clearly, some consumers will go shopping whenever retailers say their doors will open for Black Friday sales, no matter if it’s a national holiday. A survey from Accenture indicates that 45% of consumers plan on shopping in some capacity on Thanksgiving Day or evening, nearly half of whom will physically go to stores between 6 p.m. on Thanksgiving and 5 a.m. on Black Friday. (Presumably, the majority of the rest will focus solely on online shopping.) Yet a much larger percentage of Americans aren’t fans of stores having Thanksgiving Day hours. Roughly six in ten Americans say they “hate” or “dislike” the fact that stores open on Thanksgiving, according to a recent RichRelevance consumer poll, while only a combined 12% claim they “like” or “love” the practice.

Shale Fail (jdargis)

On November 25th, fracking experts from across the continent will convene in Warsaw for the Shale Gas World Europe conference.

Salt-Water Fish Extinction Seen By 2048 (Jason C.)

"A large and increasing proportion of our population lives close to the coast; thus the loss of services such as flood control and waste detoxification can have disastrous consequences," Worm and colleagues say.

The researchers analyzed data from 32 experiments on different marine environments.

Life Is Quantum (Chris M.)

Schrödinger’s argument was based on the following, seemingly paradoxical fact. Although they seem magnificently orderly, all the classical laws, from Newtonian mechanics to thermodynamics to the laws of electromagnetism, are ultimately based on disorder. Consider a balloon: it is filled with trillions of molecules of air all moving randomly, bumping into one another and the skin of the balloon. Yet, when you add up all their motions and average them out, you get the gas laws, which precisely predict, for example, that the balloon will expand by a given amount when heated. Schrödinger called this kind of law ‘order from disorder’, to reflect the fact that the macroscopic regularity depends on chaos and unpredictability at the level of individual particles.

Gold & Silver

Click to read the PM Daily Market Commentary: 11/13/14

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."

8 Comments

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
QM Hotbutton.

Careful where you go with QM, CM.

Our shared reality is a solid diamond with a flaw. If you strike it just right, it will shatter into a thousand pieces.

Do we dare take a peek through the flaw? Do we really? How much do we want the truth? Really, really badly? I wonder? Do you find this stuff terrifying or exciting?

I just cannot get enough of it.  As a matter of fact, we are instructed to pursue it to its magnificent conclusion.

Seek, and do not stop looking until you find. When you find you will be perplexed; when perplexed, astounded-  And rule over all.

Who said that? Guess. A hint- don't look in the King James Version. It was carefully expurgated by "him of the lions", Constantine. ""There is only one person who "Rules over all", buddy. And it ain't you"

Let us test our level of Willful Blindness. Join me- I will hold your hand.

Post script: Did I just order up those into My reality? (Was that really me? Just who is the puppet and who the puppeteer.)

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
Holy helix, Batman!

Holy crap, Arthur; that article on Quantum Mechanics was one of the most interesting things I've read in a long time!!  Thanks so much for posting/sharing it.

...and I haven't even gotten to your video clip yet!:)

 

KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 654
More on Quantum

I've had the pleasure of reading up on Quantum Physics over the last year, and would like to recommend a few books for your consideration.

 

FOUNDATIONAL:  The Self Aware Universe, by Amit Goswami  (A GREAT intro to the subject)

Then, if you liked that, Quantum Creativity.

Followed by God Is Not Dead.  (God here become Quantum Consciousness!!)

The debate: does matter/material manifestation arise from consciousness; OR,                                                                 does consciousness (non-material) arise from matter?  Now THAT is the question, no?

Zen, aka. Ken  

PS I had the fortune of meeting Amit for three hours just yesterday and can verify that he is the REAL deal              

pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2244
You found my weak spot, Ken and Arthur!

...books!  Forget fancy shoes, forget designer clothes; I'm a sucker for  good books!  You guys just cost me at Amazon!:) 

By the way, thanks for the recommendations, Ken!  I'm starting with Quantum Creativity and will go from there. 

P.S Very cool that you got to meet Amit yesterday!  His book excerpts reflect a very interesting mind!

Atreat's picture
Atreat
Status: Bronze Member (Offline)
Joined: Dec 4 2011
Posts: 33
My vote 1. "Awareness" 2. Form

1. "Awareness" (Infinite, Eternal, non-dual) 2. Form (Temporary, Dream,Illusory, dual)

For what it's worth, My vote based on a few personal experiences and a survey of the mystics I've studied.

KennethPollinger's picture
KennethPollinger
Status: Platinum Member (Offline)
Joined: Sep 22 2010
Posts: 654
Lower Class America, plus the 1/100 top folks
Comments by Ken:  I republish my own created Income-Wealth Chart for your review.  Do you disagree?
Is the Lower Class really 72% of the population???
 
And please see how the Super Rich have benefited over the Very Rich since 2002.  There are 16,000 Super Rich
families (having at least $111,000,000). See NYTimes article below: Isn't Unregulated capitalism just great?
Screen_shot_2014_01_20_at_10.52.32_PM.png
 
cleardot.gif
 
 
 
 

Another Widening Gap: The Haves vs. the Have-Mores

By ROBERT FRANKNOV. 15, 2014

Photo
 
 

A selection of yachts at the recent Fort Lauderdale International Boat Show, held at various sites in the Florida city. CreditAndrew Innerarity for The New York Times

 

Philip Rushton has been selling private jets to the global rich for more than three decades. In just about every economic cycle, sales of small jets and big jets tended to move together — rising and falling with financial markets and fortunes of the wealthy.

Now, however, the jet market is splitting in two. Sales of the largest, most expensive private jets — including private jumbo jets — are soaring, with higher prices and long waiting lists. Smaller, cheaper jets, however, are piling up on the nation’s private-jet tarmacs with big discounts and few buyers.

“The real demand is at the very top,” said Mr. Rushton, the president of Aviatrade, a private-jet brokerage and advisory company. “The big guys, the billionaires, have plenty of money, and they’re buying. But the middle and lower end has been much slower to recover from the crisis.”

The wealthy now have a wealth gap of their own, as economic gains become more highly concentrated at the very top. As the top one-hundredth of the 1 percent pulls away from the rest of that group, the superrich are leaving the merely very rich behind. That has created two markets in the upper reaches of the economy: one for the haves and one for the have-mores.

Photo

 

Other forms of luxury transportation also abounded at the annual event — whether a Bentley or a helicopter perched atop one boat.CreditAndrew Innerarity for The New York Times

Whether the product is yachts, diamonds, art, wine or even handbags, the strongest growth and biggest profits are now coming from billionaires and nine-figure millionaires, rather than mere millionaires.

“The very wealthy are often the ones pulling the trigger right now, and they have a very big trigger,” said Jim Taylor, a wealth specialist and managing partner of YouGov, the marketing research and survey firm.

Of course, the lesser 1 percenters are still doing just fine. But a closer look at the divergence at the very top rungs of the ladder offers a more detailed view of the drivers of inequality today. And the divide is reshaping the luxury end of the consumer economy.

According to a recent paper by the economistsEmmanuel Saez of the University of California, Berkeley, and Gabriel Zucman of the London School of Economics, almost all of the increase in American inequality over the last 30 years is attributable to the “rise of the share of wealth owned by the 0.1 percent richest families.” And much of that rise is driven by the top 0.01 percent.

The wealth of the top 1 percent grew an average of 3.9 percent a year from 1986 to 2012, though the top one-hundredth of that 1 percent saw its wealth grow about twice as fast. The 16,000 families in that tiptop category — those with fortunes of at least $111 million — have seen their share of national wealth nearly double since 2002, to 11.2 percent.

“Wealth is getting more concentrated in the United States,” the authors wrote. “But this phenomenon largely owes to the spectacular dynamics of fortunes of dozens and hundreds of million dollars, and much less to the growth in fortunes of a few million dollars.”

Dr. Saez and Dr. Zucman wrote that a “snowballing effect” was creating extravagant wealth at the very top. Outsize incomes — fueled in part by stock — are put into savings and investments, which generate more income, which creates even more wealth.

Mr. Rushton, the jet broker, has seen that snowball up close. During the financial crisis in 2009, the market for virtually all private jets collapsed. Yet, in a contrast to earlier recoveries, the demand for new, large-cabin jets has staged a much stronger comeback while the supply of new and used smaller and midsize jets is piling up.

According a jet market report from Citi Private Bank, deliveries of new so-called light jets — the smaller, cheaper models — were down 17 percent last year from 2012 and 67 percent from their 2008 peak. But deliveries of the biggest new private jets jumped 18 percent last year.

Demand for billionaires’ most coveted jet, the $65 million G650 from Gulfstream, is so strong that some G650 owners are now flipping their planes for millions of dollars in profit just months after buying them. Bernie Ecclestone, the Formula One auto-racing promoter and billionaire, flipped his for about $72 million last fall — just weeks after he received it.

Sales of personal, V.I.P. jetliners are also strong. Boeing has received several orders from individuals for its 777-300ER (which normally carries 400 passengers) and its even bigger 747-800.

“The really top guys are insulated from fluctuations in the economy,” Mr. Rushton said. “They’ve always got money, and they have even more today.”

For decades, a rising tide lifted all yachts. Now, it is mainly lifting megayachts. Sales and orders of boats longer than 300 feet are at or near a record high, according to brokers and yacht builders. But prices for boats 100 to 150 feet long are down 30 to 50 percent from their peak.

Henk de Vries, chief executive of Feadship, the yacht builder, says the strongest market in yachting today is for boats more than 250 feet long. The company is about to deliver its largest boat — a 330-footer that sells for more than $250 million — and it recently expanded its shipyard to make ever-bigger hulls. (The largest yacht is now the 590-foot Azzam, owned by the president of the United Arab Emirates.)

Jonathan Beckett, the chief executive of Burgess, the yacht broker and advisory company, put it this way: “The folks at the top feel like they’ve come through the crisis intact.” He added, “They’re a fairly confident group, and they’re saying, ‘If I’m going to build a boat, I want to do it right.’ 

 

thc0655's picture
thc0655
Status: Diamond Member (Online)
Joined: Apr 27 2010
Posts: 1613
Sure, Ken, but...

Sure, Ken, but the super rich have to keep a keen eye out for drunk snow plow operators when landing and taking off. wink

genkiationet's picture
genkiationet
Status: Member (Offline)
Joined: Sep 29 2008
Posts: 1
Self-Aware Universe

Thanks for the good recommendations.  I'll read them.  

Don't forget the famous mathematician Roger Penrose and his mathematical proof that free will exists.

Further afield, I recall Guy Murchie's 1978 book, "The Seven Mysteries of Life". This 650-page book builds its case slowly but gathers together many aspects of the physical universe leading to the conclusion that every particle has a dimension of freedom. So there is no real boundary between life and non-life, between sentience and non-sentience.  Good stuff!

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