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Daily Digest 6/26 - World's Aquifers Losing Repleneshment Race, U.S. Oil Glut An EIA Invention?

Friday, June 26, 2015, 11:03 AM

Economy

Millennials now outnumber Boomers, Census Bureau says (jdargis)

The U.S. as a whole is expected to become majority-minority by 2044, according to another report from the Census Bureau.

"These latest population estimates examine changes among groups by age, sex, race and Hispanic origin nationally, as well as in all states and counties, between April 1, 2010, and July 1, 2014," the report said.

Fair Housing Won’t Be Enough (jdargis)

The Supreme Court case, brought by a Dallas-based nonprofit called the Inclusive Communities Project, sued the state of Texas in 2009 based on how the state distributed its low-income housing federal tax credits, a mechanism that provides much of America’s funding for affordable housing production. The Inclusive Communities Project argued that Texas’ decision to allocate tax credits almost exclusively in low-income communities of color created a disparate impact that unfairly disadvantages certain people by race.

Middle-Class Black Families, in Low-Income Neighborhoods (jdargis)

The findings are especially notable because they come shortly after a separate research project, by two Harvard economists, that we’ve covered in detail at The Upshot. That project has tracked several million children since the 1980s to analyze how the area where they grew up affected their lives. Children who grew up in better neighborhoods — which tended to have less poverty, less crime, more two-parent families and schools with higher test scores — fared much better as adults than otherwise similar children from worse neighborhoods.

The Advantages of a Second Passport (Tiffany B.)

My experience with the U.S. Transport Security Administration (TSA) reflects the sort of country the U.S. has become. It’s a massive intelligence and security state, with myriad bureaucracies that often operate independently, with little supervision. And our approach to constitutional law is exactly backwards: Instead of actively protecting our rights, our government ignores them until some courageous litigant challenges it, whereupon the Supreme Court reminds everyone of those rights — if they’re in the mood.

Who Owns The Dead? (jdargis)

The days Alison spent at home before the cremation were both “tragic and beautiful,” Knox said. “It was such a comfort.” And slowly, in the years following Alison’s death, her parents found renewed mission. Sanders, who was released from the psychiatric hospital after about two weeks, left his job in commercial litigation, and began offering his services to other families involved in airbag lawsuits. He began, also, to lobby the government to force automakers to install safer airbags and to require them to place warning labels in cars telling parents not to allow their kids to ride in the front seat.

California Set to Mandate Childhood Vaccines Amid Intense Fight (jdargis)

Despite overwhelming evidence that vaccines are an essential public health measure, the number of unvaccinated children in California has been rising, partly because personal or religious exemptions have been easy to obtain. Parents who decline vaccines for their children and take heart from the fact that most other children are protected have helped create pockets in particular schools and communities where the overall immunity level is dangerously low, doctors say.

U.S. Oil Glut An EIA Invention? (Tom K.)


This figure, as created by the EIA, has (with the media’s help) created the impression of a huge oil glut in the U.S. market. No one, either within the media or the industry, has asked for clarification of this number and it is instead taken as gospel. This is now wreaking havoc in energy states such as Texas, as well as threatening most oil companies as well as tens of thousands employed within the oil and gas industry. With such importance placed on a number which has impacted not only billions of dollars in company revenue but many lives for the worse, how can it be largely unchallenged by all but a few in the media?

World’s Aquifers Losing Replenishment Race, Researchers Say (jdargis)

The new studies do not come as a surprise to hydrologists like Jerad Bales, chief scientist for water at the United States Geological Survey. But for him and other experts, an open question is whether the governments and individuals who control groundwater can or will work to gain more knowledge about the extent of the resource and how much use is sustainable.

Gold & Silver

Click to read the PM Daily Market Commentary: 6/25/15

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."

12 Comments

saxplayer00o1's picture
saxplayer00o1
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Tall's picture
Tall
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NOAA Study Shows Rapid Acidification of Arctic Ocean

Research by NOAA and partners in the journal Oceanography shows that surface waters of the Chukchi and Beaufort seas could reach levels of acidity that threaten the ability of animals to build and maintain their shells by 2030, with the Bering Sea reaching this level of acidity by 2044.

A team of scientists from the University of Alaska Fairbanks collected observations on water temperature, salinity, and dissolved carbon during two month-long expeditions. These data were used to validate a predictive model for the region that calculates the change over time in the amount of calcium and carbonate ions dissolved in seawater, an important indicator of ocean acidification.

Journal article: http://tos.org/oceanography/archive/28-2_mathis2.html

pinecarr's picture
pinecarr
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Tsipras Calls For Referendum

Hot news on the Greece front from ZH, "Greece Invokes Nuclear Option: Tsipras Calls For Referendum",  http://www.zerohedge.com/news/2015-06-26/tsipras-rejects-ultimatums-says-wont-be-blackmailed

Greek PM Tsipras just delivered the biggest Friday night bomb in recent European history: he stunned the Troika and his peers in Europe with the biggest shocker of all - a referendum announcement, aka the Greek "nuclear option", something which cost his predecessor George Papandreou his job. At this point there is no turning back, and the Greeks - of which 80% want to stay in the Euro even as 80% want an end to austerity - will get to choose their own fate. Whatever choice they make, they will now only have only themselves to blame.

I can't help but admire Tsipras to put it right out there.

Bankers Slave's picture
Bankers Slave
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Greece has already defaulted,

just not officially, and it never will be. I think they are using the issue to divert our attentions away from bigger pictures and other issues that they would prefer us not to be discussing. If its headline news then its usually a diversion. Just a thought!

thc0655's picture
thc0655
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Safe slavery or frightening freedom?

If the Greeks get to vote on whether they will have safe slavery (debt slavery forever in the euro system) or frightening freedom (striking out into uncharted freedom without a safety net), which will they choose?  Already we know they want to stay in the Eurozone (80%) but they don't want austerity (80%).  So we can conclude they are anti-math and possibly anti-gravity.  I say they will choose safe slavery.  And, as you say, they will have no one to blame but themselves.

Sadly, I observe "we the people" have been informally choosing safe slavery for decades in small, incremental steps.  Were we to have such a referendum here in the US, I'd say we'd vote for safe slavery also.

Orwell would have a field day. sad

"Welcome to the Hunger Games. And may the odds be ever in your favor."

Bankers Slave's picture
Bankers Slave
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Quercus bicolor's picture
Quercus bicolor
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Posts: 470
And the moral of the story is ...

Don't let your head be someone else's joystick.

pinecarr's picture
pinecarr
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Greek Officials Warn "Some Banks May Not Open Monday"

Big surprise (not)...

http://www.zerohedge.com/news/2015-06-27/greek-officials-warn-some-banks-may-not-open-monday

Following Tsipras' surprise referendum decision (and subsequent pulling of proposals by Troika the institutions), Greece's bank jog has turned into a full sprint. ATM lines began to form at 2am, minutes after the announcement and now many ATMs are out of money and, as Bloomberg reports, some Greek banks are drastically limiting cash transactions. Despite all the reassurances that "banks will open Monday," two senior bank executives have warned that some lenders will not be able to open Monday (unless more emergency liquidity is released).

Many ATMs have been drained...

 

cmartenson's picture
cmartenson
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Posts: 5729
Re: Greek Officials Warn "Some Banks May Not Open Monday"

Well, who could have seen that coming?

Take this is a learning example...despite the obvious warning signs over many many months, including from yours truly who for three years has been telling the people of Greece to get their money out of Greek banks pronto(!), a very large number of people are only now lining up at ATMs in haste finally realizing what's happening.

In other words, prepare for as many as you can because no matter how obvious and necessary, most won't.

It's just a quirk of human nature, one rather regularly exploited by the banksters.

Time2help's picture
Time2help
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Re: Whocouldaknowed?
cmartenson wrote:

It's just a quirk of human nature, one rather regularly exploited by the banksters.

F'ing banksters.

 

sand_puppy's picture
sand_puppy
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Some solace in seeing the big picture with others

Some solace in seeing the big picture with others.  This writing of the Zen Gardner matches my global impression and does so with the equanimity (and wisdom, perhaps) that I would like.

I would be very interested to know how others here are seeing this.

So What’s Really Happening Now?

 

pinecarr's picture
pinecarr
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Posts: 2244
A first

I had a first happen for me a couple of days ago at a local franchise book store.  As I was looking for a book on a rack near the cafe area, I overheard one man talking to the other about the things we talk about here.  Or more precisely I should say, things that are talked about on Alex Jones, it sounded like.  But for the first time ever (?!), I believe, I heard someone conversing out loud, in a public place -independent of some relevant/scheduled event -talking about things we talk about here: our debt-based economy and how bad our debt situations is, about the TTP and its impact on our rights, about the threat of economic collapse.  I couldn't believe it! 

I know this is just anecdotal evidence, but it is my first observation of a potential change in the level of "public awareness". 

It was almost  like matter and anti-matter meeting: my 2 separate lives collided in one place!!  It was actually rather disorienting!!

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