Daily Digest

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Daily Digest 6/2 - How To Profit From A Bursting Bond Bubble, The New Silk Road For China?

Tuesday, June 2, 2015, 9:57 AM

Economy

The Counted: People Killed By Police In The U.S. (jdargis)

The database will combine Guardian reporting with verified crowdsourced information to build a more comprehensive record of such fatalities. The Counted is the most thorough public accounting for deadly use of force in the US, but it will operate as an imperfect work in progress – and will be updated by Guardian reporters and interactive journalists as frequently and as promptly as possible.

Undercover DHS Tests Find Security Failures at U.S. Airports (Jason B.)

Homeland Security Secretary Jeh Johnson was apparently so frustrated by the findings he sought a detailed briefing on them last week at TSA headquarters in Arlington, Virginia, according to sources. U.S. officials insisted changes have already been made at airports to address vulnerabilities identified by the latest tests.

Bangladesh files murder charges in 2013 building collapse (Jason B.)

Investigators said the shift from the culpable homicide charges came after the investigation found that Rana, his staff and the management of the five factories had forced the workers to enter the building despite their unwillingness to work on the day of the accident after the building developed major cracks a day earlier.

How To Profit From A Bursting Bond Bubble (Taki T.)

Obviously, Paul Singer is correct. However, he does not want to be the first one to short bonds. Many have tried to short bonds but were hurt by the ongoing outrageous bond bull market. Still, Singer believes that the current bond market justifies a short trade from a risk/reward perspective.

FBI behind mysterious surveillance aircraft over US cities (Jason B.)

"The FBI's aviation program is not secret," spokesman Christopher Allen said in a statement. "Specific aircraft and their capabilities are protected for operational security purposes." Allen added that the FBI's planes "are not equipped, designed or used for bulk collection activities or mass surveillance."

“One Belt, One Road”, or the New Silk Road for China? (jdargis)

Much of this seems to be defensive geopolitics. Most of China’s oil supply, and much of China’s trade, runs through the Straits of Malacca. This plan, assuming it can be well-executed, affords China a good deal of protection. Yet that insurance does not add growth on top of the status quo, which currently is an open, well-functioning (mostly), trade channel at the Straits. At best it would hold a future catastrophe at bay for China.

GOP attack on water rule part of wider bid to 'rein in' EPA (Jason B.)

The administration also has moved forward on other rules, including the water plan announced last Wednesday. Officials say it will provide much-needed clarity for landowners about which small waterways and tributaries must be protected against pollution and development.

The head of the Environmental Protection Agency, Gina McCarthy, said the rule only would affect waters with a "direct and significant" connection to larger bodies of water downstream that already are protected.

Newly Discovered Fungus Could Rid Landfills of Plastics (Arthur Robey)

“Many microbes can do cool tricks, like degrading pollutants,” said Jonathann Russell to the Yale alumni magazine. But a large reason plastics like polyurethane take so long to break down is that microorganisms don’t typically recognize it as food, therefore it can take centuries for man-made polymers to break down into microscopic granules.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/1/15

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."

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