Daily Digest

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Daily Digest 6/16 - The High Cost Of Living, A Battle For Raindrops In CO

Tuesday, June 16, 2015, 10:02 AM

Economy

The Everyday Dollar Diaries Reveal the High Cost of Living (jdargis)

As you read these Everyday Dollar Diaries, it becomes obvious just how much it costs to keep living: eating, keeping yourself clean, getting from one place to another. In addition to the freelancer, Mr. Everyday Dollar also recently profiled a musician, a student, and a single mom. None of these people were spending money on what you might call “stuff;” the only person who seemed to be making a lot of discretionary purchases was the mom, and piano lessons and summer camp registration for her children ride the line between “discretionary” and “necessity.”

90 Days: Treasury Says Debt Has Been Frozen at $18,112,975,000,000 (KateLoovis)

Every Daily Treasury Statement since Monday, March 16, has reported the debt beginning and ending each day at $18,112,975,000,000.

Table III-C on the Daily Treasury Statement for June 11 says the debt began the month of June at $18,112,975,000,000, began the day of June 11 at $18,112,975,000,000, and closed the day of June 11 at $18,112,975,000,000.

Zimbabwe phases out local currency at 35 quadrillion to US$1 (Arthur Robey)

Hyperinflation in Zimbabwe gained momentum in 2000 when Robert Mugabe, who has been the country's President since 1987, changed his economic policy and implemented land reform. Mugabe granted farmland owned by white citizens to indigenous black Zimbabweans, who were uneducated and knew nothing about farming. As a result, Zimbabwe turned from an agriculture exporter into an importer, which resulted in 94 percent unemployment and hyperinflation.

What Is The Next Big Move In The Markets?

Commodities show a totally different picture. We have selected the key segments, softs (cotton, coffee, sugar, etc), grains (wheat, corn, soybeans, etc), base metals and uranium. We excluded oil and natural gas as their trend between last summer and Q1 2015 is so well-known. Gold is not in the charts above but in the currency selection below.

Jeb Bush Wants 4 Percent Growth. That Will Be Hard to Reach. (jdargis)

In the early years of the Obama presidency, there was a huge “output gap” between the nation’s economic potential and its reality — $1.1 trillion in the spring of 2009, based on the Congressional Budget Office’s estimate of potential G.D.P.

That was the gap between the level of economic activity the C.B.O. thought would be plausible if there had been full employment and businesses operating at full capacity, as compared with the actual economic reality of that time.

A High School For The Homeless (jdargis)

Joe Wiseman, Monarch’s principal, says educating homeless students isn’t easy. They often come to Monarch after attending several high schools in different cities, and they tend to have large breaks in their schooling and face profound educational challenges. What’s important to Wiseman is that they feel safe at Monarch. “Here, they all share the same story,” he says. “There’s no reason to be embarrassed, we eliminate all those barriers. Every day they come to a safe place and focus on learning.”

A Thirsty Colorado Is Battling Over Who Owns Raindrops (jdargis)

And when legislators here tried to enact a law this spring to allow homeowners to harvest the rain, conservationists got a lesson in the power of the entrenched rules that allocate Western water to those who have first claim to it. Even if it is the rain running down someone’s roof.

In the Arctic, Polar Bears Are Hunting Dolphins (and Freezing Them for Later) (jdargis)

The researchers believe that the dolphins were caught in ice brought on by unseasonably cold weather and as surfacing holes in the ice grew fewer and fewer, they became increasingly vulnerable to attack from above.

The bear that made the kill was seen burying his catch for later, a behavior not commonly associated with polar bears, as having excess food is a rare luxury in the far north where being opportunistic is principal to survival.

Gold & Silver

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

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."

3 Comments

gallantfarms's picture
gallantfarms
Status: Bronze Member (Offline)
Joined: Jun 18 2009
Posts: 27
Bee Killing Pesticide

This is from an email I received from the Center for Biological Diversity:

 

"A new poison that kills bees almost instantly is being perversely marketed as "bee safe" -- and the EPA is fine with it.



This dangerous pesticide is called flupyradifurone, or "flupy" for short. It poisons every part of the plant from stem to flower and is sold as "safer" for bees because it kills them so quickly they die before they can return to the hive. Bees will die in the field as they pollinate -- work that's critical to one out of every three bites of food we eat.



Across America bee populations are crashing -- yet the EPA refuses to take action that will stop this unfolding disaster. In fact, "flupy" has been greenlighted without a full review of its effect on bees and other wildlife. The Center for Biological Diversity has gone to court over EPA's rubber-stamping of this dangerous chemical -- and our lawsuit may be the the only thing standing in its way."

Time2help's picture
Time2help
Status: Diamond Member (Online)
Joined: Jun 9 2011
Posts: 2888
WTH over
gallantfarms wrote:

This is from an email I received from the Center for Biological Diversity:

"A new poison that kills bees almost instantly is being perversely marketed as "bee safe" -- and the EPA is fine with it.

This dangerous pesticide is called flupyradifurone, or "flupy" for short. It poisons every part of the plant from stem to flower and is sold as "safer" for bees because it kills them so quickly they die before they can return to the hive. Bees will die in the field as they pollinate -- work that's critical to one out of every three bites of food we eat."

I just don't get it.  Monsanto et al have to realize that they are slitting their own throats long term, don't they? Kill off the pollinators and your business friggin' dies. Is it really all just about next quarter? Is anyone thinking anymore?

 

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Blind market forces.
Is anyonethinking anymore?
 
Reply
Of cause we are thinking.
Money is made when problems are solved. Once the bees are gone, we will have a problem.  Solve the problem and we are gonna be rich, rich I tell you. Rich beyond our wildest dreams.
 
So where will honey come from? Hurray,  another problem!
"But only rich people will be able to buy food."
And your point is?
 
That is what we are thinking.
 

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