Daily Digest

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Daily Digest 12/27 - Europe's Far Right And Putin Get Cozy, Honeybee Survival

Saturday, December 27, 2014, 11:56 AM

Economy

Russian Roulette: Taxpayers Could Be on the Hook for Trillions in Oil Derivatives (Sandy C.)

The best argument for not freaking out about the repeal of the Lincoln Amendment is that it wasn’t nearly as strong as its drafters intended it to be... [W]hile the Lincoln Amendment was intended to lasso all risky instruments, by the time all was said and done, it really only applied to about 5% of the derivatives activity of banks like Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo, according to a 2012 Fitch report.

Europe's Far Right And Putin Get Cozy, With Benefits For Both (Merle2)

While Putin says he is standing against fascism in Ukraine, he's had no qualms about cozying up to Europe's far right. Analysts say the growing bond between Putin and far-right European politicians could benefit to both sides.

Even Loyalty No Guarantee Against Putin (jdargis)

Even as he has wielded the virtually unchallenged power of government and legal bureaucracy to reward a new class of oligarchs, friends and allies from his years in St. Petersburg, he has also used the same instruments to punish those whose political or economic interests fall afoul of the Kremlin’s. For each winner in Mr. Putin’s system, there are inevitably losers.

Chicago law schools see first-year enrollment shrink (Wendy SD)

Seven Chicago-area schools, as well as the University of Illinois, reported an average 7 percent decline from 2013 in students enrolling for their first year of law studies. That tracks national data from the American Bar Association showing the lowest first-year enrollment in 40 years and the lowest total enrollment in 27 years.

Local law school first-year enrollment down 35 percent since recession (Wendy SD)

The six local law schools have seen first-year enrollment drop by 34.6 percent from its historic high in 2009-10 — exceeding the national drop off of 27.7 percent.

North Korea Accuses U.S. of Disruptions to Its Internet (jdargis)

The statement by the National Defense Commission, which is led by Mr. Kim and is the country’s most powerful governing body, is the North’s first response to the intermittent disruptions that have crippled its tenuous connection to cyberspace since Monday. The connectivity problems, which at one point appeared to sever North Korea completely from the Internet, started days after Mr. Obama vowed to retaliate for the damaging attack on the Sony film studio.

Honeybees: Keep On Survivin' (jdargis)

Honeybees have an unusual breeding strategy that makes breeding on most farms an inexact science: A virgin queen may fly several miles in search of drones, which congregate in groups of up to 2,500. She mates only once, storing the sperm of 10-20 males to build her colony throughout her lifetime. Breeders like Kirby and Spitzig, as well as bee clubs from California to Colorado to northern Michigan, Virginia and Pennsylvania, reduce the element of genetic surprise by saturating a region with healthy survivor hives.

Texas Police Hit Organic Farm With Massive SWAT Raid (Wendy SD)

A small organic farm in Arlington, Texas, was the target of a massive police action last week that included aerial surveillance, a SWAT raid and a 10-hour search. Members of the local police raiding party had a search warrant for marijuana plants, which they failed to find at the Garden of Eden farm. But farm owners and residents who live on the property told a Dallas-Ft. Worth NBC station that the real reason for the law enforcement exercise appears to have been code enforcement. The police seized "17 blackberry bushes, 15 okra plants, 14 tomatillo plants ... native grasses and sunflowers," after holding residents inside at gunpoint for at least a half-hour, property owner Shellie Smith said in a statement. The raid lasted about 10 hours, she said.

Gold & Silver

Click to read the PM Daily Market Commentary: 12/26/14

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

Back In Black's picture
Back In Black
Status: Member (Offline)
Joined: Oct 1 2008
Posts: 14
FYI, that last article about

FYI, that last article about the Texas farm raid is over a year old.

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