Daily Digest

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Daily Digest 3/18 - Puerto Rico's Bond Sale Delayed, CA Drought Restrictions Coming To Restaurants, Skiing

Wednesday, March 18, 2015, 8:57 AM

Economy

Broward judges toss 24,000 red-light camera tickets totaling millions

"We made the argument that the program was an improper delegation of police power because the videos were being sent out of state for employees of American Traffic Solutions to do the screening," said Ted Hollander, an attorney with Ticket Clinic. He said the firm has challenged the program for more than four years on behalf of clients.

California public workers may be at risk of losing promised pensions

The skyrocketing bill for pensions is a problem for cities across the state. Californians now owe nearly $200 billion for pensions promised to state and local government workers, according to an analysis by Adam Tatum, research director at California Common Sense, a nonprofit think tank.

Puerto Rico's $2.95 bln bond sale delayed until early May

The delay comes as lawmakers called for the island to default on government-issued debt, in a sign of growing discontent with the government's handling of the debt crisis. Puerto Rico, which is struggling with over $70 billion in total debt, has faced an arduous process when selling large amounts of debt, whether overcoming opposition from local lawmakers or demands from investors seeking extra security.

Debunking $1.4 Trillion Europe Debt Myth in Post-Heta Age

Austria’s decision to burn bondholders of a failed state bank may mean almost 1.3 trillion euros ($1.4 trillion) of euro-area debt once deemed risk-free now comes with a hazard warning.

Venezuela puts debt service before food imports as cash dries up

Venezuela's government has told the country's food industry that it is limiting dollar disbursements for food imports so that it can pay down foreign debt amid low oil prices, according to two sources with direct knowledge of the situation.

ECB's balance sheet expands as it begins stimulus programme

The balance sheet of the European Central Bank and the euro zone's national central banks expanded by 7.298 billion euros ($7.76 billion) to 2.142 trillion euros in the week to March 13, the ECB said on Tuesday.

BOJ Keeps Record Stimulus With Inflation Set to Stall (Japan)

The BOJ maintained a pledge to expand the monetary base at an annual pace of 80 trillion yen ($660 billion), as forecast by all 34 economists in a Bloomberg News survey.

Brazil’s Economy Contracted 0.11% in January, Central Bank Says

Private sector analysts surveyed by the Central Bank expect South America’s largest economy to contract by 0.78 percent this year.

Sierra-at-Tahoe suspends skiing as drought takes toll

A ski resort south of Lake Tahoe has suspended its winter operations due to a lack of snow and could end up closing the rest of the season for the earliest time in about 40 years.

New California Drought Restrictions Coming To Restaurants, Hotels, As Home Rules Get Stricter

Unless you ask for it, restaurants won’t be serving customers water, and hotels won’t change your sheets and towels daily. Outdoor watering rules are expected to drop to two days a week or less depending on where people live.

Gold & Silver

Click to read the PM Daily Market Commentary: 3/17/15

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."

6 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Time2help's picture
Time2help
Status: Diamond Member (Offline)
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pinecarr's picture
pinecarr
Status: Diamond Member (Offline)
Joined: Apr 13 2008
Posts: 2237
Dollar Flash Crashes: Currency Market Pulverized As USD Implodes

http://www.zerohedge.com/news/2015-03-18/currency-market-pulverized-dollar-implodes-after-close

Complete Currency Carnage...

 

At 1604ET - the FX world went crazy...

20150319_EOD16_0.jpg

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Woooeee! Thar she blows.

Woooeee!

Thar she blows. Looks like the Gods of Chaos to me.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Onward and upwards

There is no comments section over at the Cold Fusion section so I post this here.

A.Parkhomov has managed to tame the beast by increasing the absorption time for the hydrogen.

His device has a COP of 3 and is still running.

http://www.lenr-forum.com/forum/index.php/Thread/1214-Alexander-Parkhomo...

Please compare the equipment with that of the ITER. I know which I would prefer to be paying for. What was ITERs COP again?

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