Daily Digest

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Daily Digest 7/17 - Asia’s View of the Greek Crisis, What's The World Scared Of?

Friday, July 17, 2015, 10:29 AM

Economy

Asia’s View of the Greek Crisis (jdargis)

To be sure, the economic mess created in Greece – the result of government profligacy, official corruption, and widespread tax evasion – merited some international assistance. And the IMF did impose conditions on its loans to Greece – including fiscal austerity, privatization, and structural reform of its pension and tax systems – most of which were necessary to address the country’s insolvency. The requirements of the latest rescue deal are the toughest yet – even tougher than those that Greek voters overwhelmingly rejected in a referendum earlier this month.

Global threat interactive: What's the world scared of? (jdargis)

The report focuses on those who say they are “very concerned” about each issue. India, and the African and Latin American countries top the list when it comes to climate change and economy. Tensions between Russia or China and their neighbours, “remain regional concerns”

The Winds Of Cyberwar (jdargis)

When considering how this week hackers allegedly affiliated with the Chinese government stole the Social Security numbers of some 20 million Americans, we can’t help but wonder: Is this what cyberwar with China feels like? With that calming thought, here are some background pieces you may want to read. Maybe even print out. Just in case.

All The Ways Hackers Will Try To Kill You In The Future (jdargis)

Remotely hacking and disabling a car's brake system, also the ability to jerk the steering wheel at will, with a simple laptop is not just on the horizon, it's here. As early as 2013, hackers were able to remotely gain access to cars and control them, including their brakes and lock systems. More recently, a $60 DIY device has been released which makes car hacking easier than ever. And this is what's going down before driverless cars hit the road.

McDonald's franchisees have never been this depressed (thc0655)

Those 29 franchisees said their same-store sales fell 2.3 percent in June—2 full percentage points worse than Wall Street expectations, Kalinowski wrote. The respondents expect sales to fall 1.2 percent more this month, whereas analysts were assuming sales would rise.

Kat Taylor: Changing the Face of Philanthropy (AdamL)

If Taylor’s brand of philanthropy looks less like charity and more like commerce and politics, that’s on purpose. Her charitable giving spans more than two decades; at first she concentrated on education and cultural causes, donating money directly to organizations. But philanthropy alone, she says, cannot put a dent in the world’s problems unless it’s somehow connected to business and the social compact — and to society’s main institutions.

James Turk talks precious metals and financial repression (Herman J.)

“The real crisis is still coming. It’s a crisis where we’re finally going to realize that this path that we’re on – that governments are on – is not sustainable, because as you say, there’s not enough wealth or cash flow being generated to service all of these promises out there.”

Take The Low Risk Road (GE Christenson)

There is significant risk in the S&P 500 Index in spite of the fact that central banks and governments have successfully levitated the stock and bond markets.

Watch out sharing economy, the feds are watching this whole contractor thing (jdargis)

"They were paid piece rate—and could control their time from zero to unlimited hours—just like Uber drivers. DialAmerica signed them on as independent contractors and also said they had full control of their time at home or wherever."

But, as the professor noted, a federal court rejected that argument, finding that the labor provided here was "core to the enterprise."

Gold & Silver

Click to read the PM Daily Market Commentary: 7/16/15

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."

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saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
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saxplayer00o1
Status: Diamond Member (Online)
Joined: Jul 30 2009
Posts: 4169
Central Banks Take Back Global Market Spotlight

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