Daily Digest

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Daily Digest 6/5 - Saving The Dead Sea, How To Get A Free Uni Degree In Germany

Friday, June 5, 2015, 10:01 AM

Economy

How U.S. students get a university degree for free in Germany (Mark C.)

While the cost of college education in the US has reached record highs, Germany has abandoned tuition fees altogether for German and international students alike. An increasing number of Americans are taking advantage and saving tens of thousands of dollars to get their degrees.

The personal data of four million US government workers may now be in the hands of Chinese hackers (jdargis)

Cyber security experts say the data could be used in “phishing” emails that trick recipients into opening a link or attachment, which then gives the hacker access to the recipient’s computer system. The stolen information could also be used to blackmail government workers or to impersonate them.

Hacking Linked to China Exposes Millions of U.S. Workers (jdargis)

The breach is the third major foreign intrusion into an important federal computer system in the past year. Last year, the White House and the State Department found that their email systems had been compromised in an attack that was attributed to Russian hackers. In that case, some of President Obama’s unclassified emails were apparently obtained by the intruders.

The "Better Than Cash Alliance" Has an Orwellian Plan (thc0655)

The Jekyll Island group sold their grand plans based on lies (they claimed that the Fed would protect the value of the currency, foster full employment, and guarantee liquidity in times of financial panics). And the Better Than Cash Alliance (BTCA) is promoting the notion of a cashless society based on the farce that eliminating cash would stimulate entrepreneurship among the poor.

Silver: Commodity or Money? (Jonathan D.)

Silver demand today is approximately 56% industrial versus 10% for gold. However, since the 2008 financial crisis, silver’s industrial demand has decreased 1.24X and gold’s industrial demand decreased by 1.5X. On the other hand, silver’s investment demand has increased 3.4X while gold’s investment demand has doubled since the crisis. Official gold demand increased also from 0% (actually there were sales until 2009) to 11.21% of total gold demand, with no official silver demand.

Russian Missile Maker Says BUK Likely Belonging to Ukraine Took Down Flight MH17 (Merle2)

"The missile was not produced after 1999, so neither the [Almaz-Antey] concern nor its enterprises could have delivered this missile to anyone," director Yan Novikov said. "At the same time, we have undeniable evidence that the Ukrainian military has this type of missile. In 2005, the concern performed pre-contract analysis on extending the use of these rockets in Ukraine. At that time, there were 991 units."

The Last Three years Of Global Crude Oil Production

The EIA publishes every possible energy stat for the USA and hardly anything for the rest of the world. Well, anything current for the rest of the world anyway. Their International Energy Statistics report is already five full months behind and working on six. December 2014 is the last international oil production data we have.

Anyway during this lull in other data I decided to look at the last three years of international data, from December 2011 to December 2014. All data is in thousand barrels per day.

As Oil Prices Tank, Firms Large And Small Feel The Pain (Merle2)

When there's a big sale coming at Neiman Marcus, Evans says, you don't spend your money until the sale prices appear. And right now, he's waiting for the deep discounts in oil services before he spends any more money.

"No drilling, no completion, no fracking, no nothing. Cut it completely off. ... We tell our vendors, 'When you're ready to do it at 40 percent below what you were charging me in December, we'll go back to work.' "

When Black Ships Bring the Future (jdargis)

We can’t build what we can’t imagine. Shoin, in those brief five years, did the remarkable: He made his network of pupils and contacts understand the forces pressing in on their society, the changes Modernity implied to the systems of traditional Japanese life and what Japan might be like if it embraced these changes itself.

The Dead Sea Lives! (jdargis)

But as plans take shape to engineer a conduit, some scientists who have studied the Dead Sea for the past decade say the merger may not help but harm the sea. In November, looking out over the azure water, Michael Lazar, a marine geologist at the University of Haifa, questioned the very idea of “saving” the ancient sea. Water levels have risen and fallen with changing climate over eons of geologic time, he explained. Given the natural cycles, he wondered out loud, “What does saving the Dead Sea really mean?”

Gold & Silver

Click to read the PM Daily Market Commentary: 6/4/15

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4238
Former California City Officials Move to Put Pensions on Ballot

"Growing public employee retirement costs have hobbled California cities since the recession, contributing to municipal bankruptcies in Vallejo, San Bernardino and Stockton. Elected officials in cities and counties began boosting pensions for police and firefighters after lawmakers in 1999 raised benefits for state troopers. At the time, the California Public Employees’ Retirement System had 138 percent of the assets needed to cover projected liabilities. It now has about 77 percent."

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