Daily Digest

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Daily Digest 5/31 - How to Prevent Another Devastating Flood, Putting Trucks On A Fuel Diet

Sunday, May 31, 2015, 9:27 AM

Economy

This Is How Little It Cost Goldman To Bribe America's Senators To Fast Track Obama's TPP Bill (pinecarr)

The result: it took a paltry $1.15 million in bribes to get everyone in the Senate on the same page. And the biggest shocker: with a total of $195,550 in "donations", or more than double the second largest donor UPS, was none other than Goldman Sachs.

China Says It Could Set Up Air Defense Zone in South China Sea (jdargis)

Admiral Sun’s remarks came during a question-and-answer session after he delivered the main Chinese speech at the annual Shangri-La Dialogue security conference in Singapore. As at previous such meetings, much of the focus of the conference, which ended on Sunday, was on territorial disputes in the South China Sea, where China, Taiwan and Southeast Asian nations all have competing claims to waters, islands, reefs, shoals and sandbars. In recent weeks, the United States has criticized China for island-building and land reclamation efforts on disputed reefs and atolls that were uninhabited until recently.

South China Sea dispute: Strong indication Australia will join push back on China's island-building (Arthur Robey)

Separately, Mr Andrews told the Wall Street Journal that Australia asserted its right to continue flying military patrols over the contested area – a rejection of any attempt by China to declare an air defence identification zone – but said there had been no formal talks with the US about naval freedom-of-navigation exercises.

High among the region's concerns are that China will follow its precedent in its dispute with Japan in the East China Sea and declare an air defence identification zone over the waters further south.

Why Is Obama Goading China? (Michael W.)

The point is, Washington doesn’t give a hoot about the Spratly Islands; it’s just a pretext to slap China around and show them who’s running the show in their own backyard. Carter even admits as much in his statement above when he says that the US plans to be “the principal security power in the Asia-Pacific for decades to come.” China knows what that means. It means “This is our planet, so you’d better shape up or you’re going to find yourself in a world of hurt.” That’s exactly what it means.

I Am Not Saving Money By Growing Vegetables (jdargis)

My first Saturday morning at the Garden, I got a seed demonstration from a Master Gardener, Jim. He helped me start some seeds in plastic containers in the greenhouse (swiss chard, radishes, onions, cilantro) and told me which plants to sow directly (carrots). I got a lot of helpful information from him — for example, I learned that it can be better to water your plants a lot once per week instead of a little bit daily. That way the plants will have to grow deeper and stronger roots to reach the water.

Nashville Debates How to Prevent Another Devastating Flood (jdargis)

Mr. Dean is likely to be remembered for presiding over good economic times, building a number of big-ticket downtown attractions and guiding Nashville through the 2010 flood. The flood forced many residents to realize, for the first time, how vulnerable the city is to the vicissitudes of the Cumberland and its tributaries.

E.P.A. Proposal Will Put Bigger Trucks on a Fuel Diet (jdargis)

The hotly debated rules, which cover almost any truck larger than a standard pickup, are the latest in a stack of sweeping climate change policy measures on which President Obama hopes to build his environmental legacy. Already, his administration has proposed rules to cut emissions from power plants and has imposed significantly higher fuel efficiency standards on passenger vehicles.

More Heavy Rain but No New Serious Flooding in Houston Area (jdargis)

Earlier in the week, the Colorado River in Wharton and the San Jacinto River near Houston were threatening homes, but the National Weather Service said both are expected to recede below flood stage by Sunday.

In Central Texas, about 2,000 volunteers and 100 members of an elite search and rescue team looked for a group of people whose vacation house was swept away in a massive flood on the Blanco River.

Gold & Silver

Click to read the PM Daily Market Commentary: 5/29/15

Provided daily by the Peak Prosperity Gold & Silver Group

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