Daily Digest

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Daily Digest 3/3 - CA Gas Prices Soar, Red Flags In Cuba Slow Investment

Tuesday, March 3, 2015, 11:01 AM

Economy

Red flags in Cuba slow investment (jdargis)

That's just the start. Cuba has no independent judicial system U.S. companies can turn to for settling disputes. The communist government has a long history of seizing foreign property. American companies still face restrictions because of the economic embargo the U.S. maintains on Cuba. In the wake of the 9/11 terror attacks and the U.S. recession, American regulators have cracked down on financial institutions that deal with customers involved in money-laundering, narco-trafficking, terrorism and other high-risk fields.

Greek European deal: where are we? (jdargis)

But my conversations with Syriza members and leaders since the deal show that – though they want Mr Tsipras and Mr Varoufakis to tough it out with Europe, not all are yet prepared to make that threat good. That is, not all are prepared to go and argue with the Greek people in favour of a default and exit strategy from the Euro. They share the psychological attachment of the Greek small business class to Euro membership as a kind of “badge of modernity”.

Why I believe everyone should work retail at some point in their lives (jdargis)

As you go up the ladder, it gets a little bit better. I was making more as a store manager without a college degree than my mother, who had masters-level coursework and was a teacher. But the pay never really catches up when you count in all the tasks, and the crazy life commitment you make to the brand. I got more calls on my days off and in the middle of the night than my husband, a doctor, ever does. One district manager even called me to "touch base" on some things ... while I was in the hospital, in labor with my first child.

Schiff: This time it’s different – it’s worse (Herman J.)

Everybody is convinced that this time it’s different, and you know, the most dangerous words in an investor’s dictionary are ‘this time it’s different.'

Private police carry guns and make arrests, and their ranks are swelling (jdargis)

The trend has raised concerns in Virginia and elsewhere, because these armed officers often receive a small fraction of the training and oversight of their municipal counterparts. Arrests of private police officers and incidents involving SCOPs overstepping their authority have also raised concerns.

Supreme Court gives tacit approval for government to take anybody’s DNA (jdargis)

The Majority’s approval of such police procedure means, in essence, that a person desiring to keep her DNA profile private, must conduct her public affairs in a hermetically sealed hazmat suit.... The Majority's holding means that a person can no longer vote, participate in a jury, or obtain a driver's license, without opening up his genetic material for state collection and codification.

Despite Oil Price Plunge, California Gasoline Prices Soar (Evan K.)

While the low price of gasoline has many in the United States considering a return to fuel-hungry vehicles, the price actually has been rising in the country’s car capital, California, for the past month. The average pump price of gasoline soared by about 25 cents a gallon last week, from $2.98 for regular gas on Feb. 23 to $3.23 on Feb. 27. And the rise has been greater since Jan. 30, when refineries began shifting to a costlier premium fuel – mandated only in California and only to limit emissions in warmer months, according to Tom Robinson, the chief of Robinson Oil in South Bay. On Feb. 26, some Southern California retailers, who had just paid premium wholesale prices for gasoline, passed that on to consumers as a price hike of 24 cents per gallon. The spike hit Northern California a day later, with service stations in the San Francisco area raising prices for regular gasoline by 20 cents a gallon to $3.19.

Goodbye Cow Milk, Hello Goat Milk (jdargis)

Though goat milk still only accounts for 0.02 percent of milk consumption in the U.S., it’s jumped by nearly a third since 2007. Sales have jumped 15 percent, and in some places, goat herds have swelled. Iowa, especially, has increased its goat farms tenfold, making it now third in the nation in production (California and Wisconsin are ahead).

Gold & Silver

Click to read the PM Daily Market Commentary: 3/22/15

Provided daily by the Peak Prosperity Gold & Silver Group

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2 Comments

SailAway's picture
SailAway
Status: Gold Member (Offline)
Joined: Aug 11 2010
Posts: 404
Noam Chomsky on Democracy Now

Fascinating interview yesterday and today of Noam Chomsky on Democracy Now where he talked about ISIS, Iraq, Cuba, Venezuela, Greece, Iran, Russia and Snowden. Videos can be found here:

http://www.democracynow.org/shows/2015/3

 

 

rjs's picture
rjs
Status: Gold Member (Offline)
Joined: Aug 8 2009
Posts: 445
oil price collapse next?



U.S. running out of room to store oil, price collapse next?  — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country’s main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. If this keeps up, storage tanks could approach their operational limits, known in the industry as “tank tops,” by mid-April and send the price of crude — and probably gasoline, too — plummeting. “The fact of the matter is we are running out of storage capacity in the U.S.,” Ed Morse, head of commodities research at Citibank, said at a recent symposium at the Council on Foreign Relations in New York. Morse has suggested oil could fall all the way to $20 a barrel from the current $50. At that rock-bottom price, oil companies, faced with mounting losses, would stop pumping oil until the glut eased. Gasoline prices would fall along with crude, though lower refinery production, because of seasonal factors and unexpected outages, could prevent a sharp decline.

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