Daily Digest

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Daily Digest 6/15 - BP Says Tectonic Shift Underway In Energy, Broken Cities

Monday, June 15, 2015, 10:04 AM


San Bernadino: Broken City (Phil H.)

Of the 100 biggest cities in the U.S., San Bernardino, 60 miles east of Los Angeles, was ranked the second-poorest in the nation in the 2010 census, behind Detroit. Two years later it filed for bankruptcy. Last month the City Council approved a 77-page plan that it hopes will move the city toward solvency, in part by making residents pay higher taxes and fees while further cutting their services.

End game as the global bond bubble bursts (Arthur Robey)

If US bond yields keep rising they'll slowly percolate up to all other rates everywhere. They've risen 48 basis points in less than two weeks, which might not sound much but in bondland that's panic stations. It's akin to a 24 per cent jump in interest payments.

It reverberates to sharemarkets because rising bond yields lure the big institutions, such as insurance companies, from them.

The banks and real estate: a Ponzi scheme that could ruin us? (Arthur Robey)

None of this is being fuelled by wages growth. Beneath this month's GDP figures - which superficially showed an encouraging 0.9 per cent lift for the March quarter - lay the real story. Nominal GDP - a much better proxy for earnings and wages - grew just 0.4 per cent for the quarter and an anaemic 1.2 per cent for the year.

In the past fortnight, the Prime Minister and the Treasurer have been assailed by the nation's three most powerful economic mandarins, each of whom has directly contradicted the Government mantra on rising property prices.

Scans Show Psychopaths Have Brain Abnormalities (sand_puppy)

"The cold-hearted psychopathic group begin offending earlier, engage in a broader range and greater density of offending behaviors, and respond less well to treatment programs in adulthood, compared to the hot-headed group. We now know that this behavioral difference corresponds to very specific structural brain abnormalities which underpin psychopathic behavior, such as profound deficits in empathizing with the distress of others.”

Greece's state broadcaster ERT back on air after two years (jdargis)

"It's a special day for all Greeks, for those who love Greece and for those who love freedom of information," presenter Nikos Aggelidis said at the start of the first show on Thursday.

"We're nervous. We're very touched."

The American Medical Association is finally taking a stand on quacks like Dr. Oz (jdargis)

The AMA will look at creating ethical guidelines for physicians in the media, write a report on how doctors may be disciplined for violating medical ethics through their press involvement, and release a public statement denouncing the dissemination of dubious medical information through the radio, TV, newspapers, or websites.

This Week In Energy: BP Claims Tectonic Shift Underway In Energy (Tom K.)

This Week In Energy: BP Claims Tectonic Shift Underway In EnergyFresh data from the EIA is raising more questions than answers. In a monthly report on drilling productivity, the EIA predicted that the U.S. would see overall oil production fall in July by about 91,000 barrels per day, after falling by nearly as much in June. The report confirmed that a contraction is proceeding steadily.

Can You Use Big Data to Track an Elephant Poacher? (jdargis)

What kind of story about poaching in Africa would we be able to piece together if we could use “big data” to sift through global news reporting of wildlife and environmental crime over the last three months to create a map of its scale as sifted through the lens of the international media? Using the Global Database of Events, Language, and Tone (GDELT) Project, which monitors local media around the world (and live-translates it from 65 languages, along with Google’s BigQuery system and CartoDB’s online mapping platform), the map offers a glimpse through the nearly 30,000 articles relating to wildlife and environmental crime monitored by GDELT from Feb. 19 through June 2.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/12/15

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."


saxplayer00o1's picture
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phecksel's picture
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Is this the same AMA that has

Is this the same AMA that has supported and printed falsified medical data and is exceptionally bad at recognizing new and innovative treatments?  The same AMA that has falsely promotes statin medications to solve a nonexistent problem?

I'm not familiar with Dr. Oz's claims, but I follow Dr. Mercola, and he has challenged main stream medicine for easily over a decade.  He has eventually been vindicated on many of his challenges, usually 10-15 years later.

sand_puppy's picture
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AMA: a protected cartel

I really agree, phecksel, censuring Dr Oz is about protecting the official party line for Big Medicine.  Since most of the public doesn't have background in biology or interest in studying, simply declaring a doctor "a quack" is usually enough to destroy their career and practice.

We would not want to let people think that they had a great deal of influence over their own health, would we?  Or that some medical procedures do not have much benefit?

The marriage of big medical business and governmental regulation.

phecksel's picture
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sand_puppy wrote: We would
sand_puppy wrote:

We would not want to let people think that they had a great deal of influence over their own health, would we?  Or that some medical procedures do not have much benefit?

My wife has struggled with several seemingly unrelated health issues for almost a decade.  One simple blood test tipped me off to do some research, and thanks to a most wonderful and well prepared website, discovered that her unrelated health issues were in fact connected and it would be a fairly simple procedure.  Her primary care doc, not only didn't believe that it was that, but initially refused to run some of the tests needed to prove it out.  PCP took over her case, specifically because as the head doc for an annexed facility associated with a major university med center... because they needed to figure out what was wrong.  Even leading up to her surgery, he was prescribing meds that were actually dangerous to her.  Remember the website, her PCP was following the exact script they said he would follow.  She had the surgery, and is a completely different person.  The change is absolutely phenomenal.  All from a simple blood test that the univ should instantly flag, it's that obvious.  It was tough to be making these decisions in the face of adversarial beliefs.  Trust the doc, or trust the internet.

Look at Dr. Marshall and H Pylori discovery.  He was absolutely trashed by main stream medicine for decades.  I had a great doc in the 90's that called him and talked to him.  Told me the guy deserved the noble peace prize for his discovery, but that it would be lucky if it ever made it past the AMA.  For 20 years, they and the pharmaceutical industry fought it.

Arthur Robey's picture
Arthur Robey
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Lies, Propaganda and the Meme wars.

David Irving, the historian presents an historians perspective.

David Irving   The Faking of Adolf Hitler for His…:


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