Daily Digest

Image by Natalie Maynor, Flickr Creative Commons

Daily Digest 6/11 - How To Be A Contrarian Investor, Reducing Food Waste

Thursday, June 11, 2015, 9:11 AM

Economy

Modern politics: all crisis and no solution? (Arthur Robey)

Politics has long known that crisis is so powerful that when absent it is sometimes necessary to invent it. At the very least politicians are ever-eager to invent issues that to the uninitiated may appear simply as challenges with the full heat of imminent calamity. There is skill in that execution, but the full package has always been to manufacture both urgent anxiety and the companion sense that you alone of all the options available are uniquely placed to offer solutions.

Sprott Fund Managers: Sticky Contrarian Investors Wanted (Kevin J.)

First, it takes a lot of patience to be contrarian. You also need to have a lot of discipline. Probably more important than anything else, you need sticky investors. That's the hardest thing to get on the planet right now, an investor willing to stick it out.

Contrarian investors have to have the stomach to buy when the market is in the midst of a violent selloff, and they have to have the wherewithal to ride the volatility of the storm.

Gold, Greece And The War On Cash (Taki T.)

Whether or not Greece defaults on its debt and leaves the EU is at the top of the news nearly every day. Rory disagrees with me, but from my point of view the ECB will, at the end of the day, ensure that Greece does not default and remains in the EU. Claudio agrees with me, but sees it more as a function of the west’s move to implement more centralized control of the western economic, financial and political systems. Letting Greece go would undermine this effort.

Read This Before June 11 (jdargis)

One idea is to codify labeling practices nationally and replacing "use by" or "sell by" dates on fresh products with "freshest before." To ensure that consumers understand that this is not an expiration date, retailers could post signs in their fresh-food sections. It would also help if the placement of labels were standardized, so consumers didn't have to hunt around on the package to find them. Consumers should also know that many foods past their freshness dates can safely be frozen.

EPA’s draft of four-year fracking study finds no inherent water risks (jdargis)

The water is a costly headache for well operators because it comes up loaded with salts and contaminants, as well as some of the chemicals that are added to the fracking fluid. It’s not stuff that public wastewater treatment plants can handle very well, so it’s rarely sent that route anymore. Recycling is on the rise, but according to a 2007 EPA survey, 98 percent of this water was being disposed of using deep injection wells drilled into briney aquifers. Pennsylvania has been the exception to the rule, simply because there aren’t many of these deep injection wells available, and trucking the water to, say, Ohio is expensive.

Norway Coal Divestment Not What It Seems (Tom K.)


The spike is largely the result of the fund’s downstream activity in Asia, where coal has gained some ground after years of high natural gas prices. In China and Japan, coal investments increased 32 percent and 21 percent respectively. In India, the fund withdrew from 13 coal companies, though it reinvested some $50 million dollars into Reliance Group – one of Asia’s biggest developers of coal-fired power. In all – and in these three countries – planned expansions in which the NGPFG holds shares amount to more than 160,000 megawatts of additional coal-fired capacity.

Elon Musk’s Hyperloop is actually being built in California next year (jdargis)

HTT is a research company that was founded soon after Musk's original Hyperloop thesis was published in 2013. The structure of HTT is somewhat interesting: it has employees, but it also uses crowdsourced engineering talent from across the US that is being paid in stock options. The CEO is a guy called Dirk Ahlborn, who founded JumpStartFund—an online platform that facilitates with building crowd-powered projects; basically, he took his own service and used it to build HTT.

Climate Change Shortens Growing Seasons (jdargis)

The researchers identified the range of temperatures, water supply, and sunlight under which plants grow around the globe. They then calculated the number of days per year that would fall within these thresholds of suitable growing conditions under three climate change projections—one in which strong carbon emission mitigation strategies are adopted, another with moderate mitigation strategies, and a "business-as-usual" scenario in which emissions continue at the current rate through the end of the 21st century.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/10/15

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."

7 Comments

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4238
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4238
Cook County workers will get 10.75% raise over 5 years

"The new union deals will cost the county an extra $65 million, including $12 million in back pay dating to December 2013, when the last deals expired. County officials said they have the money on hand to cover the back pay, but the raises add to financial pressures as they put together next year's budget."

======================

""The problem for us is that every day we don't get pension reform, we're a million (dollars) further behind, and we already have a $6.5 billion unfunded pension liability, so we're going to be looking in the next month to try to figure out what we can do unilaterally to address our difficult financial circumstances brought about by the failure of the legislature to pass pension reform," Preckwinkle said."

thc0655's picture
thc0655
Status: Diamond Member (Offline)
Joined: Apr 27 2010
Posts: 1714
Ryan says we can see the TPP after it's passed

http://www.breitbart.com/big-government/2015/06/11/paul-ryans-pelosi-esque-obamatrade-moment-its-declassified-and-made-public-once-its-agreed-to/

Chief Obamatrade proponent House Ways and Means Committee chairman 

Rep. Paul Ryan (R-WI)
 
60%
 

 admitted during Congressional testimony on Wednesday evening that despite tons of claims from him and other Obamatrade supporters to the contrary, the process is highly secretive.

He also made a gaffe in his House Rules Committee testimony on par with former Speaker 

Rep. Nancy Pelosi (D-CA)
 
7%
 

’s push to pass Obamacare, in which she said infamously said: “we have to pass the bill so that you can find out what is in it.”

 

“It’s declassified and made public once it’s agreed to,” Ryan said of Obamatrade in Rules Committee testimony on Wednesday during questioning from 

Rep. Michael Burgess (R-TX)
 
79%
 

I have sadly concluded that we are so far gone that the large majority of "we the people" truly don't care about anything important and the political/corporate elite are so emboldened they don't try to hide most of their blatantly tyrannical maneuvers.  I mean, really, why bother to hide it since no one powerful enough to stop it is going to oppose it anyway?  "We the people" have truly come to love our enslavement.

In case anyone needs further evidence of the absolute idiocy and foolishness of "we the people," today's evidence comes from Mark Dice and RT:

http://rt.com/usa/265936-us-nuclear-strike-russia/

US journalist Mark Dice has asked the people of San Diego to sign President Barack Obama’s “plan” to nuke Russia to “maintain America’s superiority.” The majority of beachgoers didn’t appear to get the joke, and signed the fake petition.

The “experiment” was recorded on video, whichMark Dice thenshared on his Twitter, YouTube and Facebook accounts.

“We just need a couple more signatures to support President [Barack] Obama’s new plan to deal with Russia,” Dice tell a random man whom he stops. “We are going to launch a pre-emptive nuclear strike.”

The man, who does not seem to be much familiar with the issue, cuts off Dice in mid-sentence, and says: “I’ll sign it for you.”

Of course, Dice's antics may not fairly represent Americans as he consistently interviews/pranks people at the beach in Kalifornia. wink

cmartenson's picture
cmartenson
Status: Diamond Member (Offline)
Joined: Jun 7 2007
Posts: 5971
In a handbasket ...

Some news is harder for me to stomach than others, but cases like this just make me want to lash out, or move somewhere.

11-Year-Old Boy Played in His Yard. CPS Took Him, Felony Charge for Parents.

One afternoon this past April, a Florida mom and dad I'll call Cindy and Fred could not get home in time to let their 11-year-old son into the house. The boy didn't have a key, so he played basketball in the yard. He was alone for 90 minutes. A neighbor called the cops, and when the parents arrived—having been delayed by traffic and rain—they were arrested for negligence.

They were put in handcuffs, strip searched, fingerprinted, and held overnight in jail.

It would be a month before their sons—the 11-year-old and his 4-year-old brother—were allowed home again. Only after the eldest spoke up and begged a judge to give him back to his parents did the situation improve.

I spoke with Cindy about her family’s horrible ordeal.

"My older one was the so-called 'victim,'" she said during a phone interview. But since she and her husband were charged with felony neglect, the younger boy had to be removed from the home, too.

Here is the law: "A person who willfully or by culpable negligence neglects a child without causing great bodily harm, permanent disability, or permanent disfigurement to the child commits a felony of the third degree."

I first heard of Cindy's case last week when she wrote to me at Free-Range Kids. Her email explained:

The authorities claim he had no access to water or shelter. We have an open shed in the back yard and 2 working sinks and 2 hoses. They said he had no food. He ate his snacks already. He had no bathroom, but the responding officer found our yard good enough to relieve himself in while our son sat in a police car alone. In his own yard, in a state, Florida, that has no minimum age for children to be alone.

(...)

"[My son] went back there and spoke to the judge for about ten minutes," said Cindy. "And then the judge came out and called the two lawyers to the bench and talked to them for about 10 or 15 minutes. And with that, our lawyer came to us and said that if we admitted that we didn't know that it was wrong to [let our son] stay in the backyard, but that we know now that it's wrong and we will never let it happen again, and that we will explain this to our son, he would let the children come with us."

Cindy and Fred promised. The judge released the kids and closed the case.

But that is not the end.

That was civil court. Next, Cindy and Fred will head to criminal court to plead "not guilty" to the neglect charge. Naturally, they hope the entire case will be dropped.

In the meantime, to comply with all of the CPS dictates, Cindy and Fred are attending parenting classes. They are also going to therapy. The kids are attending "play" therapy.

I dont...I...what can I say besides a country that exports daily drone strikes and never-ending conflicts across the globe but cannot tolerate the idea of an 11 year old buy self-entertaining for 90 minutes in his own yard is a country that is acting pathologically.

Doug's picture
Doug
Status: Diamond Member (Offline)
Joined: Oct 1 2008
Posts: 3200
Whew

If that was the law when I was 11 my parents would have spent a lot of time in jail and all of us in therapy.  Of course I always had access to the house because in those days we didn't feel a need to lock the door.  My how times have changed.

Michael_Rudmin's picture
Michael_Rudmin
Status: Platinum Member (Offline)
Joined: Jun 25 2014
Posts: 922
Can't trust right-wing media either, you know.

Consider: this was a stunt, and it is very possible that those who signed were Obama haters.

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4238
American homeowners still drowning in mortgage debt

"The percentage of homes underwater — where the home is worth less than the mortgage — has been dropping as the housing market has recovered, but more than 4 million U.S. homeowners owe the bank at least 20% more than their homes are worth, totaling $579 billion of so-called negative equity, according to real estate company Zillow. “Homeowners who remain underwater will likely be the toughest to free from negative equity,” says Zillow chief economist Stan Humphries."

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments