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Daily Digest 4/13 - Corruption ‘Isn’t Just the Cost of Doing Business’, More Oil Moves By Rail

Monday, April 13, 2015, 8:35 AM

Economy

Corruption ‘Isn’t Just the Cost of Doing Business’ (Chris M.)

I think they can learn that this isn’t just the cost of doing business. This isn’t just part of the culture in these countries. I hear that from Westerners, but in all the countries where I’ve done research…I’ve never heard anyone say, “You’re making too big a deal out of this.” I’ve never seen anyone who suffers it saying that it’s part of their culture. People do participate, however; it’s how they survive.

It’s important for business leaders not to be fooled by the titles of the government officials they may be interacting with. This is, in effect, a criminal network, and they should think carefully about getting involved in it.

Working, but Needing Public Assistance Anyway (jdargis)

This disparity has helped propel the movement to raise the minimum wage and prompted efforts in a handful of states to recover public funds from employers of low-wage workers. In Connecticut, for example, a legislative proposal calls for large employers to pay a fee to the state for each worker who earns less than $15 an hour. In 2016, California will start publishing the names of employers that have more than 100 employees receiving Medicaid, and how much these companies cost the state in public assistance.

Common mistakes while bugging out (Yoxa)

"Do not accept philosophy that things will save your life. Things will help you to stay alive, but your (correct) mindset will mainly save your life.

Anyway, plan to have what you need at your bug out location (already prepared), do not rely too much on things while you are bugging out, you need to be able to get things done with minimal equipment that’s why skills are more important than equipment and in best case you have both."

Nutritional Science Isn’t Very Scientific (jdargis)

Most of our devout beliefs about nutrition have not been subjected to a robust, experimental, controlled clinical trial, the type of study that shows cause and effect, which may be why Americans are pummeled with contradictory and confounding nutritional advice. Nutritional bad guys that have fallen from grace in the national consciousness—white potatoes, eggs, nuts, iceberg lettuce—have been redeemed years later.

Investing in You: Group urges student loan 'debt strike' (thc0655)

The Education Department has "no process to allow students to apply for, or to initiate, debt cancellation for students who have been subject to illegal practices by their schools," says Ann Larson, one of Debt Collective's organizers.

Bank Deposits No Longer Guaranteed By Austrian Government (westcoastjan)

The Die Presse story suggests that the Austrians may have gotten a derogation or an exemption from the new bail-in legislation which was enacted in 2013. “Bail-in is now the rule” as Irish finance Minister Michael Noonan warned in June 2013. Noonan admitted then that the move to not maintain deposits as sacrosanct was a “revolutionary move.” That it was and yet investors and depositors remain very unaware of the risks of bail-ins both to their own deposits but also to the wider financial system and economy.

More oil moves by rail, and it moves here (thc0655)

"This whole marketplace is changing," said Dennis Rochford, president of the Maritime Exchange for the Delaware River and Bay, which has documented a 37 percent decline in oil-tanker traffic since 2009. "Whatever anybody thought about the energy marketplace 10 or 20 years ago, it has changed."

Six Vintage Pictures of Farmers Planting (jdargis)

It’s the season for planting in many places so we thought we’d give our readers a taste of how farmers did the job in an earlier, less high-tech time.

Gold & Silver

Click to read the PM Daily Market Commentary: 4/10/15

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."

3 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
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Time2help's picture
Time2help
Status: Diamond Member (Offline)
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saxplayer00o1

Seriously, take a day easy Sax. You've been killin' it lately.

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Oil price drops due to Saudi Demand side Fears.

According to this article the price of oil has dropped due to Saudi increase of supply. They increased supply because of fears about demand destruction. 

It would appear that the way to lower the price of oil is to destroy demand. The down sides to burning more oil are well known.

Evidence that the Saudis are preparing for the future. 

 The school’s mission, as Naimi articulates it, is nothing less than to lead Saudi Arabia into the post-hydrocarbon age. 

A good read.

http://www.bloomberg.com/news/articles/2015-04-12/saudi-arabia-s-plan-to...

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